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Trendlyne Marketwatch
01 Oct 2025, 03:56PM
Market closes higher, Time Technoplast secures BIS approval to market PE pipes
By Trendlyne Analysis

 

Nifty 50 closed at 24,836.30 (225.2, 0.9%) , BSE Sensex closed at 80,983.31 (715.7, 0.9%) while the broader Nifty 500 closed at 22,928.30 (194.2, 0.9%). Market breadth is surging up. Of the 2,565 stocks traded today, 1,772 were gainers and 751 were losers.

Indian indices closed higher after extending gains throughout the day. The Indian volatility index, Nifty VIX, fell 7.1% and closed at 10.3 points. RBI’s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.5% and maintained its policy stance at ‘Neutral.’ It also revised its FY26 inflation forecast to 2.6%, down from the earlier 3.1% amid declining food inflation. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Private Bank and Nifty Auto closed higher. According to Trendlyne’s Sector dashboard, Media emerged as the best-performing sector of the day, with a rise of 3%.

European indices are trading with varied trends. Major Asian indices ended mixed. US index futures are trading lower, indicating a cautious start to the session. The US government shut down much of its operations after a last-minute Republican spending bill failed in the Senate. Meanwhile, Conagra, Cal-Maine Foods, Acuity, and RPM International are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like Dr Agarwals Health Care, Usha Martin, Tata Investment Corp, and Anant Raj are in the overbought zone.

  • Kirloskar Brothers surges as it secures an order from Indian Oil Corp to supply more than 14,000 pump sets.

  • Time Technoplast is rising sharply as it receives the Bureau of Indian Standards (BIS) license to manufacture and sell polyethylene (PE) pipes for gas distribution.

  • Axis Direct maintains its 'Buy' call on Star Cement, with a target price of Rs 325 per share. This indicates a potential upside of 29.1%. The brokerage believes that the company is well-positioned to capitalise on the rising demand in the North-East, with its upcoming capacity expansion. It expects a revenue CAGR of 16.1% over FY26-27.

  • The RBI’s Monetary Policy Committee (MPC) raises India’s GDP growth forecast for FY26 to 6.8%, up from the earlier estimate of 6.5%. It also revises quarterly projections. RBI Governor Sanjay Malhotra cautions that trade and tariff uncertainties could dampen external demand, posing downside risks to growth.

  • Lupin rises sharply as it receives US FDA approval for its Rivaroxaban oral suspension, used to treat and prevent blood clots in children. The drug has estimated annual sales of $11 million in the US.

  • The government appoints Kalyan Kumar as Central Bank of India's Managing Director (MD) and Chief Executive Officer (CEO) for three years, effective September 30.

  • APL Apollo Tubes is rising as its Q2FY26 sales volume grows 12.8% YoY to 8.5 lakh tonnes. For H1FY26, the company reports sales volume of 16.5 lakh tonnes, up 11% YoY.

  • India’s manufacturing PMI falls to a four-month low of 57.7 in September, down from 59.3 in August. The decline was driven by a sharp rise in input costs, the steepest in nearly 12 years, as well as a moderation in new orders and output.

  • ICICI Lombard General Insurance receives a demand order worth Rs 1,901.7 crore from the Palghar Commissionerate for non-payment of GST.

  • Bajaj Auto's total wholesales grow 9% YoY to 5.1 lakh units in September, driven by an 18% increase in exports. For FY26 YTD, the company's total wholesales rise 4%, but domestic sales decline 6% YoY to 13.8 lakh units.

  • The New India Assurance Co receives a demand order worth Rs 2,379.1 crore from the Palghar Commissionerate for non-payment of GST.

  • Centrum Broking initiates coverage on BSE with a 'Buy' rating and a target price of Rs 2,475. The brokerage highlights structural growth in India’s capital markets and increasing retail participation, despite temporary pressure on trading volumes from regulatory measures. It notes a sharp rise in trading volumes across cash, index options, and futures post-COVID, driven by growing retail involvement and the wider adoption of systematic investing strategies.

  • Pfizer is rising as it receives a 3-year relief from the 100% import tariffs from the US Government after it unveils plans for a $70 billion (~ Rs 6.2 lakh crore) capex for R&D and domestic manufacturing. The company also agrees to lower the prices of drugs sold to the Medicaid program for low-income Americans.

  • BMW Ventures' shares debut on the bourses at a 21.2% discount to the issue price of Rs 99. The Rs 231.7 crore IPO received bids for 1.5 times the total shares on offer.

  • Epack Prefab Technologies' shares debut on the bourses at a 9.9% discount to the issue price of Rs 204. The Rs 504 crore IPO received bids for 3.1 times the total shares on offer.

  • The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) revises its FY26 inflation forecast to 2.6%, down from the earlier estimate of 3.1% made in August. It also lowers quarterly projections. RBI Governor Sanjay Malhotra states that the overall inflation outlook has become significantly more benign in recent months, mainly due to a sharp decline in food inflation.

  • Jain Resource Recycling's shares debut on the bourses at a 14.3% premium to the issue price of Rs 232. The Rs 1,250 crore IPO received bids for 15.9 times the total shares on offer.

  • ICICI Bank receives a show cause notice with a Rs 216.3 crore GST demand from the Mumbai East Commissionerate.

  • Arvind Fashions is falling as its Managing Director (MD) and Chief Executive Officer (CEO), Shailesh Chaturvedi, tenders his resignation, effective September 30.

  • RBI’s Monetary Policy Committee (MPC) keeps the policy repo rate unchanged at 5.5% and maintains its policy stance at ‘Neutral.’ RBI Governor Sanjay Malhotra says GST rationalisation is expected to help ease inflation. He notes that India’s external sector remains resilient despite some volatility and rupee depreciation. The central bank is closely monitoring the situation and will take action as needed to maintain stability.

  • AGI Infra is rising as its subsidiary, AGI Construction, bags an order worth Rs 325 crore to construct buildings for group housing residential projects. The projects have an area of 28 lakh sq ft.

  • SKF India's board of directors appoints Shailesh Kumar Sharma as the Managing Director (MD) for five years, succeeding Mukund Vasudevan, effective October 1.

  • RateGain Travel Technologies to acquire US-based Sojern for $250 million (around Rs 2,219 crore) to expand its presence in the travel and hospitality sector.

  • L&T Technology Services is rising as it signs a $100 million (around Rs 888 crore) multi-year agreement with a US-based industrial equipment manufacturer. Under the agreement, the company will support product development, engineering, and automation, while also setting up a Center of Excellence to simplify platforms and help the client move toward digital and AI-driven operations.

  • Nifty 50 was trading at 24,626 (14.9, 0.1%), BSE Sensex was trading at 80,173.24 (-94.4, -0.1%) while the broader Nifty 500 was trading at 22,765.40 (31.3, 0.1%).

  • Market breadth is in the green. Of the 1,993 stocks traded today, 1,283 were on the uptrend, and 657 went down.

Riding High:

Largecap and midcap gainers today include Tata Motors Ltd. (718.35, 5.6%), Escorts Kubota Ltd. (3,637.70, 5.5%) and Adani Power Ltd. (152.51, 5.4%).

Downers:

Largecap and midcap losers today include Bajaj Holdings & Investment Ltd. (11,996, -2.1%), Hindustan Petroleum Corporation Ltd. (434.40, -2.0%) and Cummins India Ltd. (3,849, -2.0%).

Movers and Shakers

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sun TV Network Ltd. (602.90, 15.2%), Escorts Kubota Ltd. (3,637.70, 5.5%) and NMDC Steel Ltd. (47.32, 5.5%).

Top high volume losers on BSE were JSW Holdings Ltd. (15,494, -5%), Aditya Birla Real Estate Ltd. (1,648.20, -2.4%) and Sobha Ltd. (1,517, -1.6%).

Pfizer Ltd. (5151, 2.3%) was trading at 26.7 times of weekly average. Jyoti CNC Automation Ltd. (877.90, 3.3%) and Housing and Urban Development Corporation Ltd. (232.47, 4.0%) were trading with volumes 7.9 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Fortis Healthcare Ltd. (989.65, 2.1%), Jindal Steel Ltd. (1,065, 0.1%) and L&T Finance Ltd. (258.58, 3.7%).

Stocks making new 52 weeks lows included - Tata Consultancy Services Ltd. (2,914.20, 0.9%) and Aditya Birla Real Estate Ltd. (1,648.20, -2.4%).

22 stocks climbed above their 200 day SMA including Tata Motors Ltd. (718.35, 5.6%) and Shriram Finance Ltd. (648.70, 5.3%). 11 stocks slipped below their 200 SMA including KEC International Ltd. (853.70, -2.2%) and Ola Electric Mobility Ltd. (55.85, -1.9%).

 
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