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Trendlyne Marketwatch
07 Oct 2025, 04:02PM
Market closes higher, Brigade Enterprises to develop a residential project in Chennai
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,108.30 (30.7, 0.1%), BSE Sensex closed at 81,926.75 (136.6, 0.2%) while the broader Nifty 500 closed at 23,209.50 (39.9, 0.2%). Market breadth is in the red. Of the 2,579 stocks traded today, 1,052 were gainers and 1,467 were losers.

Indian indices closed higher driven by upbeat business updates from various companies ahead of the September-quarter earnings. The Indian volatility index, Nifty VIX, declined 1.4% and closed at 10.1 points. Gabriel India surged to its all-time high of Rs 1,345 as it formed a 49:51 joint venture (JV) with SK Enmove (SKEN) to make and sell a wide range of lubricants.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green. S&P BSE Telecom and BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 2.1%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded in the red indicating a cautious start to the trading session. The S&P 500 and Nasdaq Composite closed at record highs on Monday, boosted by optimism over rising mergers and acquisitions activity following several major deal announcements. AMD surged over 23% on Monday after announcing a multi-year agreement to supply AI chips to OpenAI. As part of the deal, OpenAI could also acquire up to a 10% stake in the chipmaker.

  • Relative strength index (RSI) indicates that stocks like Netweb Technologies, Chennai Petroleum Corp, Hindustan Copper, and Muthoot Finance are in the overbought zone.

  • CreditAccess Grameen's disbursements grow about 33% YoY to 5,331 crore in Q2FY26. The company added 2.2 lakh new borrowers and opened 96 new branches during the quarter.

  • ICICI Direct initiates coverage on Kaynes Technology with a 'Buy' call and a target price of Rs 8,900 per share. This indicates a potential upside of 17%. The brokerage believes that the company's investments in PCB manufacturing and OSAT facilities will unlock operating leverage, expand margins, and improve profitability. It expects the firm's net profit to grow at a CAGR of 44.5% over FY26-28.

  • The World Bank raises India’s GDP forecast for FY26 to 6.5%, up from 6.3% projected in June. However, it lowers the FY27 estimate by 20 bps to 6.3% due to higher-than-expected US tariffs on Indian exports. Despite this, the bank expects India to remain the world’s fastest-growing major economy, supported by strong consumption growth.

  • Biocon’s subsidiary Biocon Pharma, in partnership with Carnegie, receives tentative US FDA approval for its abbreviated new drug application (ANDA) of Rifaximin tablets, 550 mg. The medicine lowers the risk of liver-related brain disorder and treats diarrhoea in adults, with the global market valued at $1.8 billion in 2024.

  • KRN Heat Exchanger rises sharply as its subsidiary, KRN HVAC Products' board of directors approves acquiring the bus air-conditioning (AC) business from Sphere Refrigeration Systems.

  • Zyuds Lifesciences receives approval from Health Canada for its generic Liothyronine tablets. The tablets are used to treat hypothyroidism and have a market size of CAD 10.9 million in Canada, according to IQVIA.

  • Macquarie maintains an 'Outperform' rating on Delhivery with a target price of Rs 540. The brokerage’s positive outlook is supported by a sharp turnaround in Delhivery’s volumes. The company reported a peak daily volume of 6.2 million parcels in September, serving 19,000 clients. Macquarie believes this surge is driven by stronger-than-expected market share gains following the consolidation of Ecom Express.

  • Shyam Metalics and Energy is falling as its stainless steel sales decline 11.4% YoY to 7,240 million tonnes (MT) in September. Pellet sales decrease 10.3%, while aluminium foil sales rise 4.1% YoY.

  • Carysil's board of directors approves a capacity expansion of quartz kitchen sinks by 1 lakh units per annum to 11 lakh units per annum.

  • JNK India rises sharply as it receives an order worth Rs 1,000 crore from its promoter JNK Global Co, Korea. The contract covers support services and supplies for the cracker furnace package of a refinery project in India.

  • Nuvama maintains a 'Buy' rating on Electronics Mart with a higher target price of Rs 164. The brokerage notes that GST benefits are fueling product upgrades and driving same-store sales growth. It notes stable room air conditioner (RAC) inventory levels compared to Q1FY26. Electronics Mart’s management remains confident of maintaining optimal inventory levels during the transition to new energy efficiency norms set by the Bureau of Energy Efficiency (BEE).

  • Gabriel India surges to its all-time high of Rs 1,345 as it forms a 49:51 joint venture (JV) with SK Enmove (SKEN) to make and sell a wide range of lubricants. The JV will produce engine oils, electric vehicle fluids, shock absorber oils, industrial lubricants, greases, and thermal management fluids for both domestic and export markets.

  • Trent's revenue grows 17% YoY to Rs 5,002 crore in Q2FY26, adds 13 Westside and 40 Zudio stores. The company now has a portfolio of 261 Westside and 806 Zudio stores.

  • Adani Green Energy is rising as it reportedly enters a deal with a consortium of banks, including DBS Bank, DZ Bank, Rabobank and Bank SinoPac Co for a $250 million (~Rs 2,218.4 crore) loan. The loan will be repaid over the next 5 years at an interest rate of 8.2% and the company will use this to refinance existing debt.

  • Anil Ambani group companies, Reliance Power and Reliance Infrastructure, receive show-cause notices from SEBI over alleged fraudulent practices. The notice to Reliance Infrastructure concerns its exposure to CLE Private. The company states that the dispute was resolved eight months ago through a settlement mediated by the Bombay High Court, worth Rs 6,503 crore.

  • Fabtech Technologies' shares debut on the bourses at a 0.5% premium to the issue price of Rs 191. The Rs 230.3 crore IPO received bids for 2 times the total shares on offer.

  • Glottis' shares debut on the bourses at a 34.9% discount to the issue price of Rs 129. The Rs 307 crore IPO received bids for 2 times the total shares on offer.

  • Brigade Enterprises is rising as it signs an agreement to develop a premium residential project on a 6.6-acre land parcel in West Chennai. The project has an estimated gross development value (GDV) of Rs 1,000 crore.

  • According to the Federation of Automobile Dealers Associations (FADA), India’s auto sales surge post-Navratri in September, driven by festive demand. Vehicle retail sales rise 5.8% YoY to 18.3 lakh units. Two-wheeler sales grow 6.5% YoY to 12.9 lakh units, while commercial vehicle (CV) sales edge up 2.7% YoY to 72,124 units.

  • Aster DM Healthcare receives no objection letters from the NSE and BSE for its merger with Quality Care India.

  • Metropolis Healthcare is rising as its revenue grows 23% YoY in Q2FY26, helped by a 36% YoY jump in the specialty segment. The company's TruHealth Wellness revenues increase 25% YoY.

  • Bank of India rises as its global business grows 11.8% YoY to Rs 15.6 lakh crore, while global deposits increase 10.1% to Rs 8.5 lakh crore in Q2FY26. The bank's domestic advances expand 14.6% during the quarter.

  • Dilip Buildcon's joint venture (JV) bags a letter of award (LoA) to set up a 100 MW grid-connected ground-mounted solar photovoltaic (PV) project to supply power to Madhya Pradesh Jal Nigam for 25 years.

  • Nifty 50 was trading at 25,115.70 (38.1, 0.2%), BSE Sensex was trading at 81,957.87 (167.8, 0.2%), while the broader Nifty 500 was trading at 23,214.10 (44.5, 0.2%).

  • Market breadth is in the green. Of the 2,144 stocks traded today, 1,322 were on the uptick, and 756 were down.

Riding High:

Largecap and midcap gainers today include Bharti Hexacom Ltd. (1,766.30, 5.9%), Divi's Laboratories Ltd. (6,104.50, 4.8%) and Torrent Power Ltd. (1,240, 3.3%).

Downers:

Largecap and midcap losers today include Hitachi Energy India Ltd. (17,547, -3.6%), Coromandel International Ltd. (2,288.40, -2.6%) and Axis Bank Ltd. (1,186.80, -2.1%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included RHI Magnesita India Ltd. (487.80, 10.9%), BLS International Services Ltd. (351.40, 6.1%) and Bharti Hexacom Ltd. (1,766.30, 5.9%).

Top high volume losers on BSE were Happiest Minds Technologies Ltd. (498.30, -4.9%), Relaxo Footwears Ltd. (435.85, -1.1%) and Sundram Fasteners Ltd. (1,006.10, -0.7%).

DOMS Industries Ltd. (2,590, 4.2%) was trading at 33.1 times of weekly average. Esab India Ltd. (4,898, -0.5%) and Indraprastha Gas Ltd. (220.12, 5.8%) were trading with volumes 20.6 and 12.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks took off, crossing 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Canara Bank (128.06, 1.0%), Hero MotoCorp Ltd. (5,615, 0.6%) and Hindustan Copper Ltd. (332.65, -1.6%).

Stocks making new 52 weeks lows included - Happiest Minds Technologies Ltd. (498.30, -4.9%) and Clean Science & Technology Ltd. (1,060.30, -0.7%).

19 stocks climbed above their 200 day SMA including RHI Magnesita India Ltd. (487.80, 10.9%) and Ircon International Ltd. (182.60, 5.8%). 9 stocks slipped below their 200 SMA including Aptus Value Housing Finance India Ltd. (314.50, -2.7%) and Finolex Industries Ltd. (195.56, -1.9%).

 
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