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Full issue · 2026-10-07

Market Pulse: 7 October 2026 - Pre-Market Update

Market snapshot

Nifty 5022,776.10+0.98%
Sensex73,067.81+0.95%
Bank Nifty55,128.40+0.76%

Previous close · 6 Oct 2026 · Tuesday's intraday range was wider than 65% of sessions over the last 252 sessions.

In the previous session, Indian markets witnessed a broad-based rally as investors focused on the upcoming RBI meeting, anticipating potential interest rate hikes and liquidity measures. The anticipation of these measures was driven by ongoing inflationary pressures and currency stability concerns. Corporate announcements such as Jupiter Wagons securing significant BESS projects and Larsen & Toubro winning transmission orders in Saudi Arabia also bolstered sentiment.

The big story

RBI Meeting Is About More Than Just Interest Rates for Markets

RBI meeting may introduce rate hikes and liquidity-draining measures.

News

Nasscom has requested clarity on GST treatment for services provided through overseas branches and R&D in India, ahead of the GST Council meeting on October 8.
PepsiCo, Monster Beverage, and Reliance Consumer Products have received a reprieve from the Delhi High Court, which put a hold on the food regulator's ban on the 'energy drink' label.
Indian Finance Minister stated that trade talks between India and the US have reached a plateau.
Swara Baby Products has received approval from Sebi to raise Rs 1,000 crore through an IPO.
7-Eleven has decided to exit the Indian market due to mounting competition.

Stocks Updates

Jupiter Wagons: won a 41 MW/102.5 MWh BESS project in Uttarakhand and received a Letter of Award for a 50 MW/200 MWh project in West Bengal.
Krishna Institute of Medical Sciences: approved acquisition of equity stake in Splendid Hospitals Private Limited by investing up to Rs. 40 crore.
Larsen & Toubro: secured orders in the 380 kV transmission and substation segments in Saudi Arabia.
Afcons Infrastructure: confirmed redemption of commercial paper worth Rs. 100 crore on October 6, 2026.
Afcons Infrastructure: fully redeemed commercial paper of Rs. 100 crore issued on October 6, 2025.
Piramal Finance: allotted 8,294,000 warrants on a preferential basis to a promoter group entity.
Railtel Corporation Of India: received a ₹48.4 crore order from Odisha Primary Education Program Authority for setting up vocational labs by April 2027.
Meesho: hO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure - 1.

FII / DII activity

FIISold ₹2,961.3 Cr
DIIBought ₹5,088.92 Cr

FIIs sold ₹2,961.3 Cr, DIIs bought ₹5,088.92 Cr. DIIs providing support against heavy FII selling.

Market breadth

Nifty 500

Advances359
Declines138
A/D ratio2.60
AdvancesDeclines

Broad participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

Pharma+1.66%
FMCG+1.40%
Infra+1.20%
Fin Services+1.17%
Energy+0.88%
Metal+0.81%
Bank+0.76%
Auto+0.47%
Media+0.46%
PSU Bank-0.08%
Realty-0.27%
IT-0.59%

Leaders: Pharma, FMCG · Laggards: IT, Realty

Top gainers and losers

Gainers

TRENT₹2,906.00+12.64%
PGEL₹527.65+8.19%
MOTILALOFS₹1,081.15+6.93%
TIINDIA₹2,472.70+6.58%
POLICYBZR₹1,034.90+6.01%

Losers

COALINDIA₹411.65-3.16%
PHOENIXLTD₹1,883.50-2.66%
BANDHANBNK₹164.15-2.45%
FEDERALBNK₹320.00-2.25%
UJJIVANSFB₹65.19-2.10%

Commodities & forex

🪙 Gold (10g)₹1,50,130.00+0.55%
🥈 Silver (1kg)₹2,27,365.00+0.57%
USD/INR96.34+0.02%

Global cues

S&P 5007,818.93+0.58%
Nasdaq27,599.89+0.45%
S&P 500 futures7,874.00+0.61%
Nasdaq futures31,483.25+0.53%
The S&P 500 closed at a record high as Nvidia approached a $6 trillion market cap, according to NBC News.
Treasury yields slid as their surge to multiyear highs cooled, CNBC reported.
Gold prices climbed as both the dollar and Treasury yields slipped, CNBC noted.
Higher Treasury yields are performing some of the Federal Reserve's tasks, according to Parametric’s Nisha Patel, CNBC reported.
Wall Street profits soared to $45.9 billion in the first half of 2026, a Reuters report shows.

Technical levels

Nifty support22,633.10 / 22,490.10
Nifty resistance22,847.60 / 22,919.10
Bank Nifty support54,908.43
Bank Nifty resistance55,274.68

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

Earnings calendar

Tata Consultancy Services Limited2026-10-08
Anand Rathi Wealth Limited2026-10-09
Can Fin Homes Limited2026-10-09
Canara HSBC Life Insurance Company Limited2026-10-09

Term of the day

Iceberg order

An iceberg or disclosed-quantity order on NSE/BSE shows only a slice of total size while hiding the balance.