Nifty above 24,700 level; private bank shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 482.14 points or 0.60% to 80,727.66. The Nifty 50 index rose 130.60 points or 0.53% to 24,741.70.
In the broader market, the S&P BSE Mid-Cap index added 0.21% and the S&P BSE Small-Cap index rose 0.33%.
The market breadth was positive. On the BSE, 2,311 shares rose and 1,478 shares fell. A total of 168 shares were unchanged.
Economy:
The Reserve Bank of India (RBI) on Wednesday kept the policy repo rate unchanged at 5.5% for the second straight time, citing concerns over tariff uncertainties. Announcing the fourth bi-monthly policy of the fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) unanimously voted to maintain the rate with a neutral stance. He noted that while GST rate rationalisation may dampen consumption and growth, tariff-related pressures could further slow economic expansion in the second half of the year.
IPO Update: Glottis received bids for 2,39,53,680 shares as against 2,01,23,929 shares on offer, according to stock exchange data at 11:06 IST on Wednesday (1 October 2025). The issue was subscribed 1.19 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Wednesday (1 October 2025). The price band of the IPO is fixed between Rs 120 and Rs 129 per share. An investor can bid for a minimum of 114 equity shares and in multiples thereof.
Om Freight Forwarders received bids for 1,84,84,608 shares as against 79,16,945 shares on offer, according to stock exchange data at 11:06 IST on Wednesday (1 October 2025). The issue was subscribed 2.33 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Friday (3 October 2025). The price band of the IPO is fixed between Rs 128 and Rs 135 per share. An investor can bid for a minimum of 111 equity shares and in multiples thereof.
Fabtech Technologies received bids for 1,34,07,525 shares as against 1,20,60,000 shares on offer, according to stock exchange data at 11:08 IST on Wednesday (1 October 2025). The issue was subscribed 1.11 times.
The issue opened for bidding on Monday (29 September 2025) and it will close on Wednesday (1 October 2025). The price band of the IPO is fixed between Rs 181 and Rs 191 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof.
Advance Agrolife received bids for 77,16,300 shares as against 1,35,09,004 shares on offer, according to stock exchange data at 11:08 IST on Wednesday (1 October 2025). The issue was subscribed 0.57 times.
The issue opened for bidding on Tuesday (30 September 2025) and it will close on Friday (3 October 2025). The price band of the IPO is fixed between Rs 95 and Rs 100 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.
Buzzing Index:
The Nifty Private Bank index gained 1.41% to 26,834.80. The index rose 1.48% in the two consecutive trading sessions.
Kotak Mahindra Bank (up 2.32%), ICICI Bank (up 1.73%), Axis Bank (up 1.04%) and HDFC Bank (up 0.97%) gained.
On the other hand, RBL Bank (down 3.3%), IDFC First Bank (down 1.19%) and Bandhan Bank (down 0.8%) edged lower.
Stocks in Spotlight:
Hi-Tech Pipes advanced 2.25% after the company registered a sales volume of 1,25,218 MT in Q2 FY26, which is higher by 1.79% as compared to 1,23,027 MT recorded in Q2 FY25.
Bajaj Auto rose 0.02%. The company has reported 9% increase in total auto sales for September 2025, selling 5.10 lakh units as against 4.69 lakh units sold in September 2024.
Global Markets:
Asia market traded mixed on Wednesday, following gains on Wall Street as investors appeared unperturbed by a looming U.S. government shutdown.
Markets on mainland China and Hong Kong were closed for a holiday.
Over in Japan, the central bank released the results for its third-quarter Tankan survey.
The index for business optimism among large Japanese manufacturers increased to +14 for the third quarter from +13 in the previous quarter but was lower than the +15 expected by economists polled by Reuters. The non-manufacturing index held steady at +34.
Overnight in the U.S., stocks ended higher on Tuesday as investors looked past concerns over a potential government shutdown and marked an unusually strong September.
The S&P 500 rose 0.41% to close at 6,688.46, while the Nasdaq Composite gained 0.31% to finish at 22,660.01. The Dow Jones Industrial Average advanced 81.82 points, or 0.18%, to settle at 46,397.89, setting a new closing high.
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