Market Commentary Quick Review News Details
Indices snap 4-day losing streak; FMCG shares rally
(05-Oct-26 15:55)
The domestic equity benchmarks ended with moderate gains today, snapping a four-session losing streak, as buying interest emerged across select sectors. The Nifty settled above the 22,550 mark.
Investors remained focused on the upcoming Reserve Bank of India (RBI) monetary policy meeting outcome later this week. Market participants will also track movements in global Treasury yields and the US Federal Reserve's policy trajectory for cues on the future path of interest rates.
FMCG, Consumer Durables and PSU Bank shares advanced while Pharma and IT stocks declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 472.77 points or 0.66% to 72,382.47. The Nifty 50 index rose 133.80 points or 0.60% to 22,555.75. In the past four consecutive trading sessions, the Sensex and Nifty declined 2.69% and 3.11%, respectively.
In the broader market, the BSE 150 MidCap Index gained 0.38% and the BSE 250 SmallCap Index added 0.31%.
The market breadth was positive. On the BSE, 2,364 shares rose and 2,129 shares fell. A total of 270 shares were unchanged.
RBI MPC begins 3-day meeting
The RBI Monetary Policy Committee (MPC) began its 3-day meeting today, 5 October 2026, to deliberate on interest rates and assess inflation, economic growth and financial conditions. The meeting will conclude on 7 October 2026, with markets closely watching whether the RBI will raise the repo rate for the first time since February 2023.
New Listing:
Shares of Acevector ended at Rs 25.60 on the BSE, representing a discount of 20% as compared with the issue price of Rs 32.
The stock debuted at Rs 28.30 on the BSE, a discount of 11.56% over its issue price.
The stock has hit a high of Rs 28.68 and a low of Rs 23.40. On the BSE, over 56.86 lakh shares of the company were traded in the counter.
Shares of Orient Cables (India) ended at Rs 403.30 on the BSE, representing a premium of 48.27% as compared with the issue price of Rs 272.
The stock debuted at Rs 448.10 on the BSE, a premium of 64.74% over its issue price.
The stock has hit a high of Rs 465.30 and a low of Rs 403.30. On the BSE, over 20.74 lakh shares of the company were traded in the counter.
Shares of German Green Steel and Power ended at Rs 128.35 on the BSE, representing a discount of 7.66% as compared with the issue price of Rs 139.
The stock debuted at Rs 143.50 on the BSE, a premium of 3.24% over its issue price.
The stock has hit a high of Rs 143.50 and a low of Rs 125.65. On the BSE, over 27.58 lakh shares of the company were traded in the counter.
Shares of Runwal Enterprises ended at Rs 304.70 on the BSE, representing a discount of 0.10% as compared with the issue price of Rs 305.
The stock debuted at Rs 306 on the BSE, a premium of 0.33% over its issue price.
The stock has hit a high of Rs 307.35 and a low of Rs 280.90. On the BSE, over 12.73 lakh shares of the company were traded in the counter.
Initial Public Offer (IPO):
Nityas Gems & Jewellery received bids for 3,00,30,600 shares as against 1,44,56,000 shares on offer, according to stock exchange data at 15:30 IST on 5 October 2026. The issue was subscribed 2.08 times.
The issue opened for bidding on 30 September 2026 and will close on 5 October 2026. The price band of the IPO is fixed between Rs 70 and 75 per share. An investor can bid for a minimum of 200 equity shares and multiples thereof.
Vishal Nirmiti received bids for 1,36,13,804 shares as against 84,71,153 shares on offer, according to stock exchange data at 15:30 IST on 5 October 2026. The issue was subscribed 1.61 times.
The issue opened for bidding on 30 September 2026 and will close on 5 October 2026. The price band of the IPO is fixed between Rs 208 and 220 per share. An investor can bid for a minimum of 68 equity shares and multiples thereof.
Buzzing Index:
The Nifty FMCG index jumped 1.80% to 44,579.65. The index fell 4.68% in the past four trading sessions.
ITC (up 4.65%), Varun Beverages (up 3.29%), United Spirits (up 3.21%), Colgate-Palmolive (India) (up 1.96%), Godfrey Phillips India (up 1.37%), Radico Khaitan (up 1.25%), Marico (up 1.21%), Dabur India (up 0.64%), Hindustan Unilever (up 0.06%) surged.
Stocks in Spotlight:
PhysicsWallah rallied 8.95% after the company announced that its wholly owned subsidiary, FinZ Finance, has entered into an agreement with RBI-registered NBFC Auxilo Finserve to sell, transfer and assign its loan portfolio worth Rs 95.79 crore. The transaction covers a substantial part of FinZ Finance's total loan portfolio and is expected to result in a partial closure of its lending operations. The company said the move is part of a broader strategic realignment to focus on its core business, optimise capital allocation and reduce balance sheet and credit risks by facilitating lending through established third-party NBFCs. The transition is expected to be completed within 60 days.
Raymond Realty surged 6.16% after the company reported a 98% year-on-year (YoY) increase in pre-sales to Rs 902 crore in Q2 FY27, compared with Rs 455 crore in Q2 FY26.
Tata Motors Passenger Vehicles rallied 2.98% after its wholly owned subsidiary, Jaguar Land Rover (JLR), reported a 24.54% year-on-year (YoY) increase in wholesales to 82,400 units in Q2 FY27 from 66,165 units in Q2 FY26.
FSN E-Commerce Ventures jumped 5.48% after Nykaa provided a quarterly business update for Q2 FY27, indicating continued growth across its Beauty and Fashion verticals. Consolidated gross merchandise value (GMV) is expected to grow in the high-twenties range in Q2 FY27, while net sales value (NSV) growth is expected to be in the early-thirties range. Consolidated net revenue growth is expected to be in the late-twenties range.
Mahindra & Mahindra Financial Services rose 1.39% after the company provided an update on its business performance for Q2 FY27. The company estimated overall disbursements at approximately Rs 16,490 crore in Q2 FY27, registering growth of around 22% year-on-year Asset quality also improved year-on-year. Stage-3 assets were estimated at 3.35%-3.45% as of 30 September 2026, compared with 3.45% as of 30 June 2026 and 3.94% as of 30 September 2025.
Global Cues:
Most European indices declined on Monday, 5 October 2026 amid elevated government bond yields, high energy prices and concerns over fiscal conditions in parts of Europe continued to weigh on investor sentiment.
However, Asian indices ended higher on Monday, even as investor sentiment remained cautious amid elevated crude oil prices and high US Treasury yields. Markets in mainland China and South Korea remained closed for holidays.
Softer-than-expected US jobs data eased expectations of an interest rate hike by the US Federal Reserve at its October meeting. However, investors remained cautious as the US 10-year Treasury yield had climbed to 5.34% last week, its highest level since 2002.
Meanwhile, crude oil prices remained elevated. Brent crude was trading around $102.20 a barrel on Monday morning after briefly moving above $103. Oil prices remained supported by heightened geopolitical tensions in the Middle East, after Yemen's Saudi-backed government launched a military campaign aimed at reclaiming territory held by the Houthis.
US stocks ended higher on Friday after weaker-than-expected jobs data reduced expectations of a Federal Reserve rate hike at its policy meeting later this month. The Dow Jones Industrial Average rose 250.40 points, or 0.49%, to 51,176.96, while the S&P 500 gained 56.27 points, or 0.73%, to 7,722.72. The Nasdaq Composite advanced 319.27 points, or 1.19%, to 27,190.86.
US nonfarm payroll employment increased by 29,000 in September, well below economists' expectations of 90,000. The unemployment rate rose to 4.2% from 4.1% in August. Payroll gains for July and August were revised lower by a combined 60,000.
The weaker-than-expected jobs data reduced expectations of a 25-basis-point Fed rate hike at the end of October. CME FedWatch showed the probability of a hike at 22.7%, down from 24.4% in the previous session and 64.2% a week earlier.
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