Market Snapshot
- On September 26, benchmark indices reached new record highs, fueled by widespread buying and positive trends in global markets.
- The metal and auto sectors each saw gains, while FMCG and PSU Bank indices also experienced an increase; however, the capital goods index recorded a decline.
- The BSE Midcap index ended the day flat, whereas the Smallcap index experienced a slight decrease.
Sectoral Trends
| Sector Name | % Change | Sector Name | % Change |
| NIFTY AUTO | 2.3 | NIFTY FINANCIAL SERVICES | 0.7 |
| NIFTY METAL | 2.1 | NIFTY BANK | 0.5 |
| NIFTY PSU BANK | 1.0 | NIFTY IT | 0.5 |
| NIFTY FMCG | 1.0 | NIFTY MEDIA | 0.4 |
Top News
- Vedanta shares surged 5% after the company announced its board will meet on October 8 to discuss a possible fourth interim dividend for FY25, with a record date of October 16 if approved.
- Piramal Pharma shares rose 4% after the company set a goal of $2 billion in revenue by CY30. Jefferies also raised the target price to Rs 260, indicating a 20% upside from the previous closing of Rs 216.
- Crompton Greaves shares dropped 5% after projecting average Q2 demand. Morgan Stanley maintains an ‘Equal-weight’ rating with a target price of Rs 323, indicating a 26% downside.
- KRN Heat Exchanger IPO subscribed over 30 times on Day 2 so far.
- Diffusion Engineers’ IPO was subscribed 2 times shortly after opening, driven by retail investors.
- IT solutions provider Mouri Tech files draft papers for Rs 1,500-crore IPO
Focus Smallcase Updates
- The Fisdom Prime Five Smallcase achieved approximately 16% returns over the last three months, significantly outperforming the benchmark index.
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