Sensex spurts 600 pts; Nifty trades above 24,750 mark; VIX tanks 3.75%
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 600.37 points or 0.75% to 80,869.99. The Nifty 50 index added 174.20 points or 0.70% to 24,783.25.
In the broader market, the S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index jumped 0.68%.
The market breadth was strong. On the BSE, 2,513 shares rose and 1,467 shares fell. A total of 172 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.75% to 10.65.
Gainers & Losers:
Shriram Finance (up 4.83%), Tata Motors (up 4.73%), Trent (up 3.52%), Kotak Mahindra Bank (up 3.17%) and Axis Bank (up 2.42%) were the major Nifty50 gainers.
Bajaj Finance (down 1.31%), Tata Steel (down 1.14%), Asian Paints (down 0.86%), Maruti Suzuki India (down 0.80%) and UltraTech Cement (down 0.71%) were the major Nifty50 losers.
Economy:
The Reserve Bank of India?s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.5% in its review that concluded on 1 October 2025.
The committee maintained a neutral stance, noting that it was prudent to wait for the impact of past policy measures and for greater clarity on global developments before making further moves. The standing deposit facility (SDF) rate stays at 5.25%, while the marginal standing facility (MSF) rate and the Bank Rate remain at 5.75%.
The RBI noted that the global economy has been stronger than expected in 2025, supported by robust growth in the US and China, though elevated policy uncertainty, sticky inflation in some advanced economies, and volatile financial markets pose risks. In India, GDP expanded 7.8% in Q1 FY26 on the back of resilient consumption and investment, a revival in manufacturing, and steady services growth. Rural demand was buoyed by a good monsoon, while urban demand showed signs of recovery. Looking ahead, healthy agriculture prospects, rising capacity utilisation, GST rationalisation, and supportive financial conditions are expected to aid growth, though global trade and geopolitical risks remain a drag.
The central bank raised its real GDP growth forecast for FY26 to 6.8% from 6.5% earlier, projecting growth at 7% in Q2, 6.4% in Q3, and 6.2% in Q4. For Q1 FY27, growth is expected at 6.4%.
On inflation, the RBI cut its CPI forecast for FY26 to 2.6% from 3.1%, with projections of 1.8% in Q2 and Q3, 4% in Q4, and 4.5% in Q1 FY27. Inflation is seen staying contained, though tariff-related developments could weigh on the growth outlook in the second half.
The minutes of the meeting will be published on 15 October, and the next MPC meeting is scheduled for 3-5 December 2025.
Stocks in Spotlight:
Hi-Tech Pipes advanced 3.27% 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 shed 0.44%. 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.
Indian Renewable Energy Development Agency (IREDA) added 2.29% after the company?s loan disbursement jumped 54% to Rs 15,043 crore as on 30th September 2025, compared with Rs 9,787 crore as on 30th September 2024.
Global Markets:
European markets opened mixed on Wednesday, as investors monitor the U.S. government shutdown.
Asia market traded mixed, 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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