Stock Market Live Updates, October 6: Market closes in GREEN! Nifty closes above 25,070, Sensex ends 577 pts higher

Ashika Institutional Equities – a part of Ashika Group, a well-diversified global financial conglomerate (ashikagroup.com
) – highlighted in its note titled “Nifty Reclaims 25,000 Mark on Banking and NBFC Strength” that Indian equity markets opened strong and sustained gains through the day. The rally was primarily driven by robust banking and NBFC updates, alongside optimism in IT and healthcare sectors.

Technically, Ashika noted that Nifty’s breakout above 25,000 marks a shift to a decisively positive structure, with support near 25,000 and resistance zones at 25,200–25,500. For Bank Nifty, support is placed around 56,000–55,900, while resistance is expected at 56,500–57,000.

Trent: ₹4705, down 2.3%

Tata Steel: ₹170.4, down 1.7%

Adani Ports & Special Economic Zone: ₹1400.8, down 1.3%

Power Grid Corporation: ₹286.8, down 1.0%

Eicher Motors: ₹6876, down 0.9%

Max Healthcare Institute shares rose 6.3% to ₹1,137.

Shriram Finance gained 3.9%, closing at ₹671.

Tata Consultancy Services increased 3.0% to ₹2,989.

Tech Mahindra went up 2.8% to ₹1,439.6.

Apollo Hospitals Enterprises advanced 2.5% to ₹7,636.

Zydus Lifesciences Ltd on Monday announced that it has received final approval from the United States Food and Drug Administration (USFDA) for its Deflazacort oral suspension (22.75 mg/mL) — the generic version of Emflaza Oral Suspension.

TVS Motor Company has launched its most advanced 125cc motorcycle yet — the new TVS Raider, featuring several segment-first technologies including a “Boost Mode”, dual disc brakes with ABS, and Glide Through Technology (GTT).

Tata Communications has launched its Voice AI platform powered by Agentic AI, a first-of-its-kind speech-to-speech solution offering instant decision-making, multilingual support, and sub-500ms latency. Designed for fintech and enterprise use, it connects directly to APIs, supports 40+ languages, provides real-time transcription, call summaries, sentiment analytics, and seamless human handoffs—redefining customer interactions with smarter, faster, and personalized experiences.

Hemisphere Properties India, Sammaan Capital, Aegis Logistics, Pricol, and Unimech Aerospace and Manufacturing are leading the losses today. Hemisphere Properties India plunged 18.54% to ₹149.88, while Sammaan Capital dropped 5.29% to ₹156.30. Aegis Logistics is down 5.21% at ₹835.25, Pricol fell 4.90% to ₹502.40, and Unimech Aerospace and Manufacturing declined 4.17% to ₹948.50.

Le Travenues Technology, Anup Engineering, Emcure Pharmaceuticals, Aditya Birla Lifestyle Brands, and Fortis Healthcare are leading the market rally. Le Travenues Technology is up 8.33% at ₹310.25, Anup Engineering has gained 7.22% to ₹2,493.10, and Emcure Pharmaceuticals is trading 7.13% higher at ₹1,435.40. Aditya Birla Lifestyle Brands surged 7.51% to ₹146.70, while Fortis Healthcare is up 6.59% at ₹1,045.05.

JNK India shares hit the 10% upper circuit after the company received an ultra-mega order worth over ₹1,000 crore from its Korean promoter, JNK Global, for a Cracker Furnace Package in an Indian refinery project. The contract runs till February 2028 and will be executed domestically, with JNK India clarifying it as an arm’s-length related-party deal.

Bhageria Industries Limited has announced plans to expand its H-Acid manufacturing capacity at its existing Boisar Tarapur facility in Palghar, Maharashtra.

Cyient DLM Limited has announced that its Board of Directors will meet on Tuesday, October 14, 2025, to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025.

Wanbury Ltd. has successfully launched its Rise with SAP S/4HANA ERP system on October 3, 2025, in partnership with Deloitte. The upgrade from SAP ECC will enhance efficiency, productivity, and process integration while providing real-time data insights. This strategic move supports Wanbury’s future growth, compliance, and agility in the pharmaceutical sector.

KEC International Ltd., a global infrastructure EPC leader and part of the RPG Group, has won Rs. 1,102 crore in new orders. The wins span civil works for a 150 MW thermal power plant, Train Collision Avoidance System (Kavach) projects, T&D towers and poles in the Americas and Middle East, and cables & conductors supplies in India and overseas.

Ather Energy has rolled out its 5,00,000th scooter from its Hosur plant, with the Rizta family scooter leading the way. Launched last year, Rizta now accounts for over a third of Ather’s production and is driving the brand’s rapid expansion across India. To meet growing demand, Ather is setting up Factory 3.0 in Maharashtra, which will boost total production capacity to 1.42 million scooters annually.

Indian Navy to induct indigenous 'Androth' to bolster shallow water anti-submarine defence. Constructed by Garden Reach Shipbuilders and Engineers (GRSE), Androth is the second in a series of eight ASW-SWC vessels under the Indian Navy’s “Aatmanirbhar Bharat” initiative. The ship is equipped with advanced sonar systems, state-of-the-art communication suites, and anti-submarine weapons, enabling it to detect and neutralize underwater threats effectively in shallow waters.

Bharti Airtel Limited announced that its enterprise arm, Airtel Business, has won a multi-year contract from the Indian Railway Security Operations Centre (IRSOC) to design, build, implement, and operate a 24x7 cybersecurity protection ecosystem for the national transporter.

Bondada Engineering’s subsidiary, Beelite, bags a Rs 63.87 crore order from Bihar’s Panchayati Raj Department to implement Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana across Bhojpur, Gopalganj, and Rohtas districts, installing over 20,500 solar street lights within 90 days.

Sarveshwar Foods bags Rs 266 million export order from the US. The order was secured through its wholly owned Singapore-based subsidiary, Green Point Pte. Ltd.

RateGain Travel Technologies Ltd has announced the launch of SoHo (Social for Hospitality), an AI-powered social media management platform designed to help hotels convert online engagement into revenue.

Jindal Stainless has launched its first stainless steel fabrication unit in Washivali, Patalganga, Mumbai, through its subsidiary JSSL. Spread over 4 lakh sq. ft. with an initial investment of ₹125 crore, the facility will produce critical bridge components like girders, arches, and bolts.

Shares of Sandur Manganese and Iron Ores Ltd jumped 5% after the company announced it had received final approval from the Ministry of Environment, Forest and Climate Change (MoEF&CC) for the diversion of forest land to establish a Downhill Conveyor Pipe System (DCS) in Karnataka.

Bajaj Healthcare shares rose 2.88% to Rs 498 after the company got SEC/CDSCO approval to start Phase III trials of its insomnia drug, Suvorexant Tablets (5–20 mg). This marks Bajaj’s first approval in this category and the first in India for Suvorexant, advancing its CNS research portfolio. The trials will evaluate the drug’s safety, efficacy, and tolerability before marketing approval.

Jammu & Kashmir Bank’s provisional Q2 results show strong growth, with total business rising 9.89% YoY to ₹2.57 lakh crore. Deposits increased 10.23% to ₹1.52 lakh crore, while CASA deposits stood at ₹69,776.56 crore (45.9%). Gross advances grew 8.77% YoY to ₹1.08 lakh crore, and gross investments surged 13.62% to ₹45,040.46 crore, reflecting robust balance sheet expansion.

Today’s IPOs saw mixed performance. Pace Digitek gained 2.7%, while Bhavik Enterprises rose by 2%. KVS Castings surged 18%, and Manas Polymers made a strong jump of 90%. On the downside, Rukmani Devi Garg Agro fell 20%. MPK Steels and Ameenji Rubber showed modest gains of 1% each.

Shares of Emcure Pharmaceuticals climbed 3.59% to Rs 1,388 in Monday’s early trade on the NSE, following the company’s announcement that it has completed the acquisition of Zuventus Healthcare Limited, making it a wholly owned subsidiary.

Lupin shares fell 2% after the U.S. FDA classified its Pithampur Unit-2 inspection as “Official Action Indicated (OAI)” following a Form-483 with four observations. The company is working with the FDA to resolve compliance issues and remains committed to CGMP standards across all facilities.

Shares of Vodafone Idea Ltd slipped nearly 5% on Monday, October 6, ahead of the Supreme Court’s verdict on the company’s plea challenging the Department of Telecommunications’ (DoT) additional adjusted gross revenue (AGR) dues demand worth Rs 9,450 crore.

Shares of Ceigall India Ltd gained 2.88% to Rs 268.10 in early trade on Monday following the announcement of two major solar power project orders from Maharashtra State Electricity Distribution Company Limited (MSEDCL), collectively worth Rs 1,309 crore.

Shares of Bajaj Finance Ltd surged 2.48% to Rs 1,014.30 in early trade on Monday after the company posted a robust business update for the September quarter (Q2 FY25), highlighting double-digit growth across key parameters.

Shares of Highway Infrastructure Ltd surged 4.75% to Rs 83.86 on Monday after the company announced new EPC contract wins under the PM-eBus Seva initiative. The stock hit an intraday high of Rs 86.35, reflecting strong investor optimism over its expanding project portfolio and continued momentum in the infrastructure sector.

Tanfac Industries Limited, one of India’s leading fluorine chemical producers, announced the successful commissioning of the second phase of its 5,000 TPA (AHF basis) Solar Grade Dilute Hydro Fluoric Acid (DHF) Plant, following the approval of quality standards for its trial production batches.

Punjab & Sind Bank shares rose over 2% as Q2 FY26 provisional numbers showed steady growth. Total business reached ₹2,41,450 crore, up 4.46% QoQ and 12.27% YoY. Deposits grew to ₹1,35,708 crore (3.45% QoQ, 9.42% YoY) with CASA stable at ₹41,130 crore (30%). Gross advances rose to ₹1,05,742 crore, up 5.79% QoQ and 16.16% YoY, with a credit-to-deposit ratio of 77.92%.

Shares of Hemisphere Properties India Ltd (HPIL) tumbled more than 17% to Rs 152.69 in early trade on Monday after the company confirmed that the e-auction for its Pune land parcel will be held between October 1 and October 3, 2025. The auction, approved by the Pune Collector, is part of HPIL’s ongoing efforts to monetize its real estate assets under a Request for Proposal (RFP) floated in December 2024.

Bank of Baroda shares jump nearly 3% as Q2 global business grows 10.5% YoY to ₹27.8 lakh crore. Domestic advances rose 11.5%, deposits 9.7%, with retail loans up 17.6% to ₹2.73 lakh crore.

Krystal Integrated Services shares jump 6% after winning ₹157 crore Delhi govt contracts for sanitation and security services, boosting revenue outlook.

Hospital stocks in focus as CGHS overhaul sparks rally; Max Healthcare up nearly 3%

Bank of Maharashtra Q2 FY25 Business Update: Global advances up 16.9% YoY to Rs 2.54 lakh crore; deposits rise 12.1%

Jubilant FoodWorks Q2FY26 revenue rose 19.7% YoY to ₹2,34,04,00,000 (consolidated) and ₹1,69,87,00,000 (standalone). Domino’s India LFL grew 9.1% and Turkey 5.6%. The company added 93 stores, taking the total to 3,480, with 2,321 in India and 751 in Turkey.

HDFC Bank: Gross advances rose 9.9% YoY and deposits increased 12%, signaling steady loan growth momentum.

Kotak Mahindra Bank: Reported a 15.8% rise in net advances and 14.6% growth in deposits, showing strong balance sheet expansion.

Marico: Expects consolidated revenue growth in the thirties with India business volume growth in high single digits, boosting FMCG sentiment.

Infosys: Partnered with Telenor to modernize HR operations, reinforcing its enterprise transformation capabilities ahead of Q2 earnings.

Bajaj Finance: Maintained strong AUM growth at 23.6% with a 20% rise in customer base, in line with management guidance.

Bank of Baroda: Loans up 12% YoY, deposits up 9.3%; steady momentum ahead of Q2 results.

JSW Energy: Commissioned 114 MW renewable capacity, strengthening its clean energy portfolio.

L&T Finance: Disbursements up 25% YoY; retail loan book up 17.4%, reflecting continued expansion.

Nykaa: GMV growth expected near 30%, continuing its upward trend from previous quarters.

IndusInd Bank: Loan book declined for the third straight quarter, with deposits down 5.5% YoY, weighing on investor sentiment.

DMart: Posted 15.4% revenue growth YoY, below expectations; stock may stay weak post recent rally.

Tata Steel: Faces Rs 2,411 crore demand from Odisha authorities over Sukinda mine shortfall, likely to pressure the stock.

Vodafone Idea’s plea for reassessment of Adjusted Gross Revenue (AGR) dues and waiver of penalties and interest will be taken up by the Supreme Court around 11:30–12:00 PM. The government, now holding a 49% stake in the company, has emphasized the need for a viable resolution during the hearing.

JP Morgan maintained an Overweight rating on Indian Hotels Company Limited with a target of ₹890, expecting sustained strength in hospitality demand. It also held a Neutral view on DMart with a target of ₹4,350 and reiterated an Overweight on M&M Financial Services at ₹330.

HSBC reaffirmed its Buy rating on Varun Beverages (VBL) with a target price of ₹640 per share, highlighting robust volume growth and strong distribution momentum across domestic and international markets.

Jefferies reiterated a Buy on JSW Cement with a target price of ₹170, citing continued sectoral strength and a healthy demand outlook ahead of the quarterly earnings season.

Indian Energy Exchange Limited (IEX), India’s premier electricity trading platform, reported a strong operational performance for the second quarter of FY26, with sustained volume growth across key market segments. The exchange achieved 35,217 million units (MU) of electricity traded during the quarter, reflecting a 16.1% year-on-year rise.

Angel One’s September 2025 business update showed a mixed performance — gross client acquisition rose 0.6% MoM to 0.55 million but declined 42.3% YoY. The total client base grew 1.5% MoM and 24% YoY, reaching 34.08 million.

UBS noted that DMart’s Q2 revenue growth of 15.4% YoY fell short of its 18% estimate, calling the update neutral after the stock’s recent rally, and signaling tempered optimism for the retailer.

UBS reported that L&T Finance’s disbursements rose 25% YoY — beating its 17% estimate — while Bank of Baroda showed sequential acceleration in loans and deposits. Kotak Mahindra Bank also continued its steady business momentum.

Citi downgraded Avenue Supermarts (DMart) to Sell with a target of ₹3,300 and maintained a Sell on IndusInd Bank with a target of ₹765, adopting a cautious stance on valuations and near-term growth prospects.

Morgan Stanley reiterated its Overweight rating on AU Small Finance Bank with a ₹1,000 target, citing strong loan growth prospects. The brokerage maintained an Underweight stance on RBL Bank with a ₹175 target and an Overweight call on Mahindra & Mahindra Financial Services at ₹330 per share.

Goldman Sachs (GS) maintained its Buy rating on Marico with a target price of ₹830 per share, reiterating confidence in India’s consumer discretionary, IT, and commodity cyclical sectors for the upcoming quarter.