Market snapshot
Nifty 5022,421.95-0.88%
Sensex71,909.70-0.79%
Bank Nifty54,450.75-0.33%
Previous close · 2 Oct 2026 · Nifty has fallen for 4 straight sessions — a streak that long has occurred 40 times across the last 1,270 sessions.
In the previous session, Indian equity markets faced a modest decline as investors braced for a potential RBI rate hike amid rising inflationary pressures. The anticipation of tighter monetary policy weighed heavily on financial and auto stocks, contributing to the market's narrow breadth. Meanwhile, IT stocks bucked the trend with notable gains, supported by sector-specific resilience and ongoing corporate developments, such as Wipro's completion of a significant merger within its subsidiaries.
The big story
Markets bet on RBI rate hike as inflation pressure builds
Markets anticipate an RBI rate hike due to rising inflation pressures.
News
India is considering cutting import duties on pulses to help cool rising prices, according to sources cited by Yahoo Finance.
A government report warns that geopolitical tensions and high crude oil prices may exacerbate India's imported inflation, as reported by Yahoo Finance.
India-to-US shippers are scrambling for space amid a container capacity crunch, according to Yahoo Finance.
The IPO market is set to be quiet next week with only one new issue, R K Fashion Accessories, scheduled to open on October 5, and no new mainboard IPOs planned.
The Reserve Bank of India is likely to hike the repo rate by 25 basis points to 5.50% in its October policy meeting, as inflation pressures persist due to high crude oil prices and weak agricultural output, according to an ET poll.
Stocks Updates
Acme Solar: appointed Mr. Nikhil Dhingra as (Joint) Managing Director for five years starting October 3, 2026.
RITES: details of the violation(s)/ contravention(s) committed or alleged to be committed The proceedings pertained to the demand order issued by the State Tax Officer in respect of FY 2019-20, comprising demand towards tax, interest and penalty.
HDFC Bank: reported period end advances under management of approximately ₹33,075 billion as of September 30, 2026, a 15.3% growth over the previous year.
Bajaj Finance: reported a 26.5% growth in assets under management to approximately ₹584,750 crore as of September 30, 2026.
RBL Bank: reported wholesale advances growth of 55% YoY and 21% QoQ.
Punjab National Bank: enclosed a confirmation certificate from its RTA for the quarter ended September 30, 2026, under SEBI regulations.
Canara Bank: enclosed confirmation certificates from its RTA for the quarter ended September 30, 2026, under SEBI regulations.
Wipro: completed the merger of Wipro VLSI Design Services, LLC into Wipro IT Services, LLC effective October 1, 2026.
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. (as of 2026-10-01)
Market breadth
Nifty 500
Advances110
Declines390
A/D ratio0.28
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)₹1,50,443.00+0.94%
🥈 Silver (1kg)₹2,26,432.00+1.22%
USD/INR96.22+0.31%
Global cues
S&P 5007,722.72+0.73%
Nasdaq27,190.86+1.19%
S&P 500 futures7,777.25+0.69%
Nasdaq futures31,061.75+0.98%
Bondholders, not the Fed, will play a crucial role in determining the trajectory of US yields, according to an investor cited by CNBC.
Twilio and Vylor have been added to the S&P 500, as reported by Barron's.
Wall Street strategists are advising investors to consider cross-asset hedges, Bloomberg.com reports.
Tesla's third-quarter sales have exceeded Wall Street expectations, according to Yahoo Finance.
Nvidia, AMD, and Nasdaq are reaching new highs, Moomoo notes.
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
TWAP
Time-Weighted Average Price strategies slice an order evenly across time regardless of volume spikes.