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Full issue · 2026-10-02

Market Pulse: 2 October 2026 - Pre-Market Update

Market snapshot

Nifty 5022,421.95-0.88%
Sensex71,909.70-0.79%
Bank Nifty54,450.75-0.33%

Previous close · 1 Oct 2026 · Nifty has closed between -1.0% and -0.5% on 151 of the last 1,270 sessions.

Yesterday, Indian stock markets extended their losing streak for a fifth consecutive week, reflecting ongoing investor concerns about global economic uncertainties and domestic inflationary pressures. MPHASIS was the day's top gainer, up 4.45%. BAJAJ-AUTO was the day's sharpest decliner, down 7.62%.

The big story

Sensex, Nifty extend losing streak to fifth week; touch three

Sensex and Nifty continue losing streak for the fifth consecutive week.

News

India and Australia have discussed accelerating negotiations for a Comprehensive Economic Cooperation Agreement (CECA), with Commerce Minister Piyush Goyal and Australian Trade Minister Don Farrell reviewing the proposed pact and implementation of their existing trade agreement.
India is considering cutting import duties on pulses to cool prices, according to sources.
A government report indicates that geopolitical tensions and high crude prices may fuel India's imported inflation.
IPO-bound Kuku's FY26 revenue has jumped six-fold to Rs 1,484 crore, turning the company profitable.
Quadria-backed Maxivision has confidentially filed for an India IPO.

Stocks Updates

Apollo Tyres: allotted NCDs worth ₹500 crore, at a 7.81% coupon.
Tata Consultancy Services: percentage of shareholding / control acquired and / or number of shares acquired 100% 10.
TD Power Systems: secured an order valued at approximately ₹192 crores from a leading multinational corporation.
Samvardhana Motherson International: listed commercial paper of INR 200 crores.
Jio Financial Services: this is further to our disclosure dated May 19, 2026.
Avenue Supermarts: allotted commercial paper of Rs. 500 crores with a 6.12% interest rate.

FII / DII activity

FIISold ₹9,484.22 Cr
DIIBought ₹10,041.84 Cr

FIIs sold ₹9,484.22 Cr, DIIs bought ₹10,041.84 Cr. DIIs providing support against heavy FII selling.

Market breadth

Nifty 500

Advances110
Declines390
A/D ratio0.28
AdvancesDeclines

Limited participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

IT+2.17%
Bank-0.33%
Fin Services-0.38%
Pharma-0.48%
Energy-0.68%
PSU Bank-0.98%
Realty-1.46%
Infra-1.47%
FMCG-1.61%
Media-2.33%
Metal-2.35%
Auto-3.46%

Leaders: IT, Bank · Laggards: Auto, Metal

Top gainers and losers

Gainers

MPHASIS₹2,250.20+4.45%
COFORGE₹1,826.00+4.40%
ENRIN₹3,334.00+4.19%
INFY₹1,035.00+4.11%
CGPOWER₹879.00+2.90%

Losers

POLICYBZR₹980.00-7.89%
BAJAJ-AUTO₹10,045.00-7.62%
UNOMINDA₹1,111.00-5.04%
MARUTI₹11,386.00-4.86%
SWIGGY₹238.00-4.84%

Commodities & forex

🪙 Gold (10g)₹1,47,914.00+1.23%
🥈 Silver (1kg)₹2,26,432.00+1.22%
USD/INR95.93-0.13%

Global cues

S&P 5007,666.45+0.19%
Nasdaq26,871.60+0.04%
S&P 500 futures7,724.00+0.11%
Nasdaq futures30,760.50+0.20%
U.S. stock futures rose as investors welcomed the decline in Treasury yields, with attention on companies like Google, Micron, Mattel, and Nvidia.
Moderna is set to replace Warner Bros Discovery on the Nasdaq 100, according to Reuters.
Australia's Sunrise Energy Metals announced plans to redomicile to the U.S. and pursue a primary Nasdaq listing.
A Wall Street regulator has proposed new rules regarding the custody of crypto assets by investment advisers.
Google has unveiled its latest AI model, though Wall Street is looking for a standout personal agent from the tech giant.

Technical levels

Nifty support22,222.63 / 22,023.32
Nifty resistance22,615.93 / 22,809.92
Bank Nifty support53,981.08
Bank Nifty resistance55,005.93

Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.

Corporate actions

Upcoming dividends

NMDC
Dividend ₹1.00/sh · ex 5 Oct

Earnings calendar

Tata Consultancy Services Limited2026-10-08
Anand Rathi Wealth Limited2026-10-09
Can Fin Homes Limited2026-10-09
Poonawalla Fincorp Limited2026-10-09

Term of the day

Pledge and unpledge

Pledge locks demat shares as collateral in the depository, and unpledge releases them back to free holdings.