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EQUITY
Key gauges snap 8-day losing streak
Oct-01-2025

Indian equity benchmarks rebounded sharply on Wednesday after an eight-day slump, and ended with gains of around a percent, helped by buying in banking and telecom stocks after the RBI left key interest rates unchanged and revised upward its growth estimates for the current fiscal to 6.8 per cent.

Some of the important factors in trade: 

India building self-reliance, resilient supply chains to counter weaponisation of trade: Commerce and Industry Minister Piyush Goyal has said 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 manufacturing PMI eases to 57.7 in September: A monthly survey said India's manufacturing sector activity eased in September, as new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low.  The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index moderated from 59.3 in August to 57.7 in September. 

Centre's fiscal deficit stands at 38.1% of BE of 2025-26 at August-end: 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. 

Rupee recovers vs Dollar after RBI Policy: Indian rupee recovered from its all-time low against the US dollar, after the Reserve Bank Governor delivered a dovish pause, broadly in line with market expectations. 

Global front: European markets were trading higher even as the U.S. government shutdown commenced at midnight, forcing agencies to suspend all but essential operations. Asian markets ended mostly higher as traders remained optimistic about further rate cuts after a bigger than expected decrease in U.S. consumer confidence in September. 

Finally, the BSE Sensex rose 715.69 points or 0.89% to 80,983.31 and the CNX Nifty was up by 225.20 points or 0.92% to 24,836.30.      

The BSE Sensex touched high and low of 81,068.43 and 80,159.90 respectively. There were 22 stocks advancing against 8 stocks declining on the index.   

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

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 were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Tata Motors up by 5.54%, Kotak Mahindra Bank up by 3.45%, Trent up by 3.31%, Sun Pharma up by 2.58% 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 0.86%, Tata Steel down by 0.71% and Asian Paints down by 0.62% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) data showed that the pace of bank credit growth to industry has slowed down to 6.5% in August as against 9.7% in the corresponding period last year. The RBI has released data on sectoral deployment of bank credit for August 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95% of the total non-food credit by all SCBs.

The non-food bank credit grew 9.9% year on year (YoY) as on the fortnight ended August 22, 2025, compared to 13.6% in the year-ago period. Further, credit to micro and small, and medium industries continued to expand at a robust pace. The RBI has highlighted that among major industries, outstanding credit to ‘all engineering’, ‘vehicles, vehicle parts and transport equipment’ and ‘rubber, plastic and their products’ recorded buoyant year on year growth. Moreover, credit to agriculture and allied activities registered an annual growth of 7.6%, compared to 17.7% in the corresponding previous year.

The credit to personal loans segment has grown 11.8% YoY, as compared with 13.9% a year ago, largely due to moderation in growth of ‘other personal loans’, ‘vehicle loans’ and ‘credit card outstanding’. Besides, credit to the services sector increased 10.6% YoY against 13.9% in the year-ago. The growth in credit to ‘professional services’, ‘computer software’, ‘commercial real estate’ and ‘trade’ remained robust, while its was decelerated for non-banking financial companies (NBFCs).

The CNX Nifty touched high and low of 24,867.95 and 24,605.95 respectively. There were 37 stocks advancing against 13 stocks declining on the index.  

The top gainers on Nifty were Tata Motors up by 5.56%, Shriram Finance up by 5.16%, Kotak Mahindra Bank up by 3.76%, Trent up by 3.54% and Adani Enterprises up by 3.53%. On the flip side, Bajaj Finance down by 1.16%, SBI down by 0.84%, Ultratech Cement down by 0.79%, Tata Steel down by 0.72% and Bajaj Auto down by 0.72% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 59.72 points or 0.64% to 9,410.15, France’s CAC rose 20.76 points or 0.26% to 7,916.70 and Germany’s DAX gained 114.88 points or 0.48% to 23,995.60.

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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