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Trendlyne Marketwatch
06 Oct 2025, 04:03PM
Market closes higher, Emcure Pharma acquires 20.4% stake in Zuventus Healthcare
By Trendlyne Analysis

 

Nifty 50 closed at 25,077.65 (183.4, 0.7%), BSE Sensex closed at 81,790.12 (583.0, 0.7%) while the broader Nifty 500 closed at 23,169.65 (142.0, 0.6%). Market breadth is in the red. Of the 2,600 stocks traded today, 988 were in the positive territory and 1,556 were negative.

Indian indices closed higher after extending gains throughout the day. The Indian volatility index, Nifty VIX, rose 1.3% and closed at 10.2 points. India’s Services Purchasing Managers’ Index (PMI) fell to 60.9 in September from 62.9 in August, as growth in new orders slowed amid weaker international demand and rising competition.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and Nifty Capital Markets were among the top index gainers today. According to Trendlyne’s sector dashboard, Healthcare emerged as the top-performing sector of the day, with a rise of 3.2%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading higher, indicating a positive start to the trading session. Investors are closely monitoring developments in Washington as the federal shutdown delays the release of the nonfarm payrolls report, ahead of the Federal Reserve’s upcoming rate decision. Brent crude futures are trading higher after OPEC+ approved a smaller-than-expected output increase for November.

  • Money flow index (MFI) indicates that stocks like Minda Corp, Poonawalla Fincorp, Usha Martin, and Aegis Logistics are in the overbought zone.

  • Panacea Biotec is rising as it secures a $35.7 million (Rs 315 crore) order from the United Nations International Children's Emergency Fund (UNICEF) to supply bivalent oral polio vaccine.

  • Emcure Pharmaceuticals is rising sharply as it acquires a 20.4% stake (or 41 lakh shares) in Zuventus Healthcare for Rs 724.9 crore.

  • Vodafone Idea falls sharply as the Supreme Court adjourns hearing on its plea for additional adjusted gross revenue (AGR) dues to October 13. The verdict was expected earlier on October 6, after being deferred twice in the past month.

  • Bhaskar Rao, CMD of KIMS Hospital, is optimistic about the government’s decision to raise Central Government Health Scheme (CGHS) rates after 15 years. He believes the hike could encourage more hospitals to join the scheme and adds that the industry would support a further increase of 20–25%.

  • Fortis Healthcare surges to its all-time high of Rs 1,055.4 as the Securities and Exchange Board of India (SEBI) approves the acquisition of the company and its subsidiary, Fortis Malar Hospitals, by IHH Healthcare Berhad.

  • KEC International is rising as it secures new orders worth Rs 1,102 crore across multiple divisions. In civil works, it is handling a 150 MW thermal power plant project. The transportation segment bags Train Collision Avoidance System (TCAS) orders under ‘Kavach’. Transmission & Distribution wins tower and hardware supply contracts, while the cables and conductors division secures supply orders in India and overseas markets.

  • Capri Global Capital's board of directors appoints Monu Ratra as the Chief Executive Officer (CEO) for five years, effective October 7.

  • Analysts at Axis Direct expect the IT sector to witness a stronger recovery in H2FY26 compared to H1, driven by a more stable environment, deal ramp-ups, improved utilization, and better project execution. TCS is scheduled to announce its Q2FY26 results on October 9. Centrum Broking projects a 1% QoQ cc revenue growth for TCS, led by the BFSI and HiTech verticals, supported by a low base in Q1FY26.

  • Punjab National Bank's Q2FY26 domestic business rises 10.5% YoY to Rs 24.3 lakh crore. Domestic deposits grow 10.4% to Rs 14.2 lakh crore, while global deposits reach Rs 14.6 lakh crore, up 10.9% YoY.

  • Ujjivan Small Finance Bank is rising as its Q2FY26 total deposits rise 14.8% YoY to Rs 39,101 crore and gross advances grow by 14% to Rs 34,588 crore. Its CASA ratio stands at 27.6% as against 25.9% in Q2FY25.

  • L&T Finance's retail loan book expands 17% YoY to Rs 1 lakh crore in Q2FY26. The company's retail disbursements jump 25% YoY due to a recovery in rural demand, and improvements in urban finance and gold finance segments.

  • Ashok Chandra, MD & CEO of PNB, maintains his deposit growth guidance at 9–10% and credit growth at 11–12%. He remains optimistic about credit offtake, particularly in the retail, agriculture, and MSME (RAM) segment. Chandra expects double-digit growth in the corporate loan book by the end of FY26.

  • Aditya Birla Lifestyle Brands rises as Flipkart Investments reportedly plans to divest up to 6% stake through a Rs 935 crore block deal. The offer price range is set at Rs 130-136.5, a discount of up to 4.7% from Friday’s close.

  • Poonawalla Fincorp surges to its all-time high of Rs 570.4 per share as its assets under management grow 67.7% YoY to around Rs 47,625 crore in Q2FY26.

  • Pace Digitek's shares debut on the bourses at a 2.7% premium to the issue price of Rs 219. The Rs 819.1 crore IPO received bids for 1.6 times the total shares on offer.

  • India’s Services PMI eases to 60.9 in September, down from 62.9 in August. New orders continued to rise but at a slower pace, partly due to weaker international demand. Export growth was the slowest since March, with firms citing competition and cost controls as key constraints.

  • Kalyan Jewellers' India operations' revenue grows 31% YoY in Q2FY26, driven by robust wedding and festive demand. The company reports same-store sales growth of 16% and opens 15 new showrooms in India during the quarter.

  • Lupin is falling as it receives Form 483 with four observations from the US FDA after an inspection at its Pithampur Unit-2 manufacturing facility.

  • Jubilant Foodworks' revenue from operations grows 19.7% YoY to Rs 2,340.4 crore in Q2FY26. Domino’s India posts a 9.1% YoY like-for-like sales growth. The company adds 93 new stores during the quarter, taking the total store count to 3,480.

  • Motilal Oswal maintains a 'Buy' rating on Marico with a target price of Rs 850. The brokerage anticipates revenue to grow 30% YoY, driven by a price hike in 'Parachute' oil due to rising copra costs. However, it expects Parachute volumes to dip slightly, while adjusted volumes are likely to remain flat despite a 60% YoY price hike. It projects gross margin pressures to ease starting from the second half of FY26.

  • Bank of Baroda rises to its 52-week high of Rs 272.1 as its global business grows 10.5% YoY to Rs 27.8 lakh crore, and domestic deposits increase 9.7% to Rs 12.7 lakh crore in Q2FY26. The bank's domestic advances rise 11.5% during the quarter.

  • Avenue Supermarts' (D-Mart) standalone revenue grows 15.4% YoY to Rs 16,218.8 crore in Q2FY26. The company adds 8 new stores during the quarter, bringing its total store count to 424.

  • Ceigall India surges as it secures two letters of award (LoA) worth Rs 1,309.2 crore from Maharashtra State Electricity Distribution Co (MSEDCL). The contracts are for developing solar photovoltaic power projects with a total capacity of 147 megawatts (MW) and 190 MW in Maharashtra.

  • Yes Bank's Q2FY26 total deposits grow 7.1% YoY to Rs 3 lakh crore, and gross advances rise 6.5% YoY. Its CASA ratio jumps 180 bps to 33.8% during the quarter, indicating a reduction in the bank's cost of funds.

  • Nifty 50 was trading at 24,932.30 (38.1, 0.2%), BSE Sensex was trading at 81,274.79 (67.6, 0.1%), while the broader Nifty 500 was trading at 23,052.10 (24.4, 0.1%).

  • Market breadth is in the green. Of the 2,147 stocks traded today, 1,185 were on the uptrend, and 882 went down.

Riding High:

Largecap and midcap gainers today include Max Healthcare Institute Ltd. (1,139.70, 6.6%), FSN E-Commerce Ventures Ltd. (255.34, 6.5%) and General Insurance Corporation of India (381.05, 4.1%).

Downers:

Largecap and midcap losers today include Jindal Stainless Ltd. (761, -3.5%), Avenue Supermarts Ltd. (4,301.60, -2.6%) and JSW Infrastructure Ltd. (308.90, -2.2%).

Movers and Shakers

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

Top high volume gainers on BSE included KIOCL Ltd. (627.60, 18.7%), Fortis Healthcare Ltd. (1,053.90, 7.5%) and Emcure Pharmaceuticals Ltd. (1,436, 7.2%).

Top high volume losers on BSE were Torrent Power Ltd. (1,200, -1.7%) and Birla Corporation Ltd. (1,192.40, -1.2%).

Bombay Burmah Trading Corporation Ltd. (1,915.10, 4.2%) was trading at 21.5 times of weekly average. FSN E-Commerce Ventures Ltd. (255.34, 6.5%) and Poonawalla Fincorp Ltd. (531.45, 1.3%) were trading with volumes 7.5 and 7.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks hit their 52 week highs, while 3 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bank of Baroda (266.60, 1%), Canara Bank (126.76, 0.7%) and Fortis Healthcare Ltd. (1,053.90, 7.5%).

Stocks making new 52 weeks lows included - Torrent Power Ltd. (1,200, -1.7%) and Aditya Birla Real Estate Ltd. (1,568.70, -3.1%).

16 stocks climbed above their 200 day SMA including Bombay Burmah Trading Corporation Ltd. (1,915.10, 4.2%) and LTIMindtree Ltd. (5,274, 3.0%). 12 stocks slipped below their 200 SMA including Finolex Industries Ltd. (199.43, -3.1%) and Premier Energies Ltd. (1,020.40, -2.2%).

 
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