Nifty 50 closed at 24,844.25, up by 234.75 points (0.95%), Bank Nifty closed at 55,364.60, up by 726 points (1.33%), Sensex closed at 81,021.57, up by 746.34 points (0.93%).
Except for PSU Bank, all other sectors ended in the green with private bank, realty, pharma, IT, and media up 1-3 percent. Tata Motors, Shriram Finance, Kotak Mahindra Bank, Trent, and Axis Bank were among the biggest gainers on the Nifty, while losers were Bajaj Finance, Tata Steel, SBI, UltraTech Cement, and Adani Enterprises. BSE Midcap index rose 0.8 percent, and smallcap indices added 1%.
US Markets
- Dow Jones Futures plummeted by 224.00 points, down 0.48%, currently trading at 46,465.00 as of October 1, 2025.
European Markets
- FTSE (UK) jumped by 62.20 points, up by 0.67%, standing at 9,413.51.
- CAC (France) jumped by 25.78 points, up by 0.38%, at 7,925.84.
- DAX (Germany) jumped by 94.11 points, up by 0.42%, at 23,980.32.
Global events/updates:
The U.S. government shut down after lawmakers failed to pass short-term funding, furloughing federal workers and halting key programs. Economic reports, including jobs and inflation data, will be delayed, echoing past shutdowns, potentially affecting financial markets. Democrats seek extended Obamacare tax credits, while Trump hinted at cuts to government benefits during the shutdown.
Europe’s markets saw solid gains in Q3, with the Stoxx Europe 600 rising over 3% since July. Spain led the charge, as the IBEX soared more than 10% in recent weeks, highlighting strong investor confidence. Meanwhile, the mining sector gained nearly 10% for the month, driven by robust demand and rising commodity prices, signaling broad sectoral strength.
China’s new K-visa program aims to attract foreign professionals, particularly in tech, raising concerns about a potential talent influx. While the policy supports Beijing’s technological ambitions, domestic voices fear it favors foreign graduates over locally educated talent. Experts suggest the move could help China secure top international engineers, positioning the country as a competitive hub for innovation.
India’s central bank kept interest rates unchanged at 5.5%, matching market expectations. The RBI noted that the impact of its large 50-basis-point cut in June is still working through the economy. The decision to pause rate changes was unanimous, reflecting a cautious approach as the bank assesses the effects of earlier monetary easing.
India’s GST collections rose 9.1% in September to ₹1.89 lakh crore, up from ₹1.73 lakh crore a year ago. Growth has been steady, following a 6.5% rise in August. From April to August, gross collections increased nearly 10% to ₹10.04 lakh crore, while net revenue grew 8.8%, reflecting consistent improvement in tax receipts.
Stock news:
- RMC Switchgears Limited: RMC Switchgears received two LOAs from Suncity Urja totaling ₹100.19 crore. The first, ₹66.39 crore, covers distribution infrastructure in Jhalawar, Rajasthan, while the second, ₹33.79 crore, focuses on loss-reduction infrastructure in Kota under the RDSS scheme.
- Tata Motors: Tata Motors set October 14, 2025, as the Record Date for its demerger. Shareholders will receive one TML Commercial Vehicles share per Tata Motors share. October 10 is the Record Date for NCD holders for the transfer under the demerger scheme.
- HDB Financial: HDB Financial rose 3.5%, its biggest single-day gain since listing, after RBI clarified regulatory norms. The removal of proposed restrictions on overlaps between banks and group entities eased investor concerns, boosting sentiment and resolving a key IPO overhang.
- Jubilant Pharmova Limited: Jubilant Biosys, a subsidiary of Jubilant Pharmova, allotted 5.16 crore OCRPS at ₹100 each, totaling ₹515.59 crore, as part of acquiring JBL’s API business. The remaining ₹80 crore of the total payment was made in cash under the June 12 agreement.
- Kirloskar Brothers Ltd: Kirloskar Brothers secured a domestic contract from Indian Oil to supply over 14,000 pump sets. The contract specifies full payment upon delivery and is to be executed within 12 months, strengthening the company’s order book and domestic market presence.
- Vedanta Resources Finance II plc: Vedanta’s US$500 million bond issue attracted over US$1.6 billion in bids, triple the issue size. Investor demand came mainly from Asia, EMEA, and the US. Proceeds will repay debt and fund general corporate purposes, reflecting strong global support.
VST Tillers’ September sales rose 34.7% to 3,480 units, led by 3,002 power tillers. Q1 net profit nearly doubled to ₹44.2 crore, revenue grew 48.2% to ₹282.5 crore, and EBITDA tripled to ₹37.6 crore with margins at 13.3%.
Affordable Robotic & Automation secured its first order for the Atlas AC2000 autonomous forklift from a major US logistics firm. Valued at ₹3.6 crore, the three-year lease of two robots may expand to 15 warehouses, signaling growth potential.
Also Read: IT stock in focus after securing multiple international orders for software solutions & services
Brokerage Recommendations
Star Cement:
- Target Price:- Rs 325 apiece
- Upside:- 28.61%
- By Axis Direct
Rainbow Childrens Medicare
- Target Price:- Rs 1625.00 apiece
- Upside:- 21%
- By Axis Direct
Astral
- Target Price:- Rs 1,650 apiece
- Upside:- 20%
- By Motilal Oswal
Senores Pharmaceutic
- Target Price:- Rs 960 apiece
- Upside:- 35%
- By Choice Equity Broking Private Ltd
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| Sun TV Network (16%) | Delhivery(-3.62%) |
| Netweb Technologies (10.31%) | Dr Agarwals Health Care (-3.07%) |
| AIA Engineering (6.11%) | OneSource Specialty Pharma (-3.01%) |
| NMDC Steel (6%) | NLC (-3%) |
| Sammaan Capital (6%) | ITC Hotels (-3%) |
Conclusion: Indian markets closed strong, led by Nifty 50 and Bank Nifty gains, with broad sectoral participation. Positive domestic cues, steady GST growth, and robust corporate results supported sentiment, while global uncertainties, including the US government shutdown, persisted. Key stocks like Tata Motors, Shriram Finance, and VST Tillers drew attention, and brokerage targets indicate continued optimism across select sectors.
Written by Abhishek Singh
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