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EQUITY
Post Session: Quick Review
Oct-01-2025

Indian equity benchmarks snapped their eight-day losing streak on Wednesday, with both the Nifty and Sensex closing near day’s high points amid positive momentum in Banking, Pharma and Media sector stocks. Markets made cautious start but soon gained traction and traded higher throughout the day after the Reserve Bank of India (RBI) kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties. Also, the RBI lowered FY26 consumer price index (CPI) estimates to 2.6 per cent.

Some of the important factors in trade:

RBI raises FY26 GDP growth projection to 6.8%: The Reserve Bank has revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates.

India building self-reliance, resilient supply chains to counter weaponisation of trade: Traders took some support with Commerce and Industry Minister Piyush Goyal’s statement that India is focusing on self-reliance by building capabilities and resilient supply chains, which will help the country tackle global challenges like weaponisation of trade. 

India's external debt rises to $747.2 billion at end of June 2025: Traders overlooked Reserve Bank of India (RBI) latest data which showed that India's external debt stood at $747.2 billion at the end of June 2025, an increase of $11.2 billion over its level at March-end 2025. 

Global front: European markets were trading in green despite rise in Eurozone inflation in the month of September. Asian markets ended mostly in green following the positive cues from the US markets overnight. 

The BSE Sensex ended at 80983.31, up by 715.69 points or 0.89% after trading in a range of 80159.90 and 81068.43. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.91%, while Small cap index up by 1.16%. (Provisional)

The top gaining sectoral indices on the BSE were Bankex up by 1.44%, Telecom up by 1.26%, Healthcare up by 1.13%, Realty up by 1.11% and Utilities up by 1.03%, while there was no losing sectoral index on BSE. (Provisional)

The top gainers on the Sensex were Tata Motors up by 5.54%, Trent up by 3.49%, Kotak Mahindra Bank up by 3.45%, Sun Pharma up by 2.72% and Axis Bank up by 2.43%. On the flip side, Bajaj Finance down by 1.10%, SBI down by 0.97%, Ultratech Cement down by 0.90%, Tata Steel down by 0.71% and Asian Paints down by 0.62% were the top losers. (Provisional)

Meanwhile, the Controller General of Accounts (CGA) in its data has showed that the Centre's fiscal deficit stood at 38.1 per cent of the Budget Estimates (BE) of 2025-26 in the first five months (April-August) of the financial year. In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 5,98,153 crore in the April-August period of 2025-26. The fiscal deficit was 27 per cent of the full-year target at the end of August 2024. The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP, or Rs 15.69 lakh crore.

The CGA data showed that the government received Rs 12.82 lakh crore (36.7 per cent of the corresponding BE 2025-26 of total receipts) up to August 2025. This comprised Rs 8.1 lakh crore tax revenue (net to Centre), Rs 4.4 lakh crore of non-tax revenue and Rs 31,970 crore of non-debt capital receipts. CGA said Rs 5.3 lakh crore has been transferred to state governments as devolution of share of taxes by the central government till August, which is Rs 74,431 crore higher than the previous year.

The Centre's total expenditure was Rs 18.8 lakh crore (37.1 per cent of the corresponding BE 2025-26). Of this, Rs 14.49 lakh crore was on the revenue account and Rs 4.31 lakh crore on the capital account. Out of the total revenue expenditure, Rs 5,28,668 crore was on account of interest payments and Rs 1,50,377 crore on account of major subsidies. CGA said the fiscal deficit figure shown in monthly accounts during a financial year is not necessarily an indicator of fiscal deficit for the year, as it gets impacted by a temporal mismatch between the flow of non-debt receipts and expenditure up to that month.

The CNX Nifty ended at 24836.30, up by 225.20 points or 0.92% after trading in a range of 24605.95 and 24867.95. There were 39 stocks advancing against 11 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Motors up by 5.61%, Shriram Finance up by 5.29%, Kotak Mahindra Bank up by 3.54%, Adani Enterprises up by 3.46% and Trent up by 3.30%. On the flip side, Bajaj Finance down by 1.12%, Ultratech Cement down by 1.04%, SBI down by 0.96%, Tata Steel down by 0.75% and Asian Paints down by 0.60% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 100.88 points or 0.42% to 23,981.60, UK’s FTSE 100 increased 66.77 points or 0.71% to 9,417.20 and France’s CAC rose 20.26 points or 0.26% to 7,916.20.

Asian markets ended mostly higher in thin trade on Wednesday, with Chinese and Hong Kong markets closing for the National Day holiday. Seoul shares gained by tracking Wall Street’s gains overnight and after the release of better-than-anticipated September export data. However, Japanese shares declined as the yen extended gains on growing investor anxiety ahead of the leadership election for the ruling Liberal Democratic Party and as the United States federal government officially entered a shutdown, the first in nearly seven years, after congress failed to reach a deal on a funding package. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

--

--

--

Jakarta Composite

8,043.82

-17.24

-0.21

KLSE Composite

1,620.87

8.99

0.56

Nikkei 225

44,550.85

-381.78

-0.85

Straits Times

4,323.12

22.96

0.53

KOSPI Composite

3,455.83

31.23

0.91

Taiwan Weighted

25,982.91

162.37

0.63
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