Barometers trade in negative terrain; European mrkt advance

The headline equity indices traded with limited cuts in the afternoon trade dragged by continued selling from foreign institutional investors (FIIs), even as global markets stayed positive and sentiment was supported by the Reserve Bank of India?s dovish policy stance.

The Nifty traded above 24,800 level. Media, PSU bank and private bank shares advanced while media, realty and auto shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex shed 11.79 points or 0.01% to 80,973.23. The Nifty 50 index lost 13.35 points or 0.05% to 24,823.50.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.30% and the S&P BSE Small-Cap index rose 0.67%.

The market breadth was positive. On the BSE, 2,417 shares rose and 1,623 shares fell. A total of 187 shares were unchanged.

Gainers & Losers:

Tata Steel (up 4.04%), Hindalco Industries (up 2.79%), Power Grid Corporation of India (up 2.21%), JSW Steel (up 1.50%) and Kotak Mahindra Bank (up 1.32%) were the major Nifty50 gainers.

Max Healthcare Institute (down 3.89%), SBI Life Insurance Company (down 1.65%), Coal India (down 1.51%), Trent (down 1.30%) and Maruti Suzuki India (down 0.98%) were the major Nifty50 losers.

Stocks in Spotlight:

CSB Bank advanced 0.37%. The bank reported 29% rise in gross advances to Rs 34,730 crore as on 30 September 2025 from Rs 26,871 crore as on 30 September 2025.

Larsen & Toubro rose 0.40%. The company has announced that its Buildings & Factories (B&F) vertical has secured significant contracts in India, reinforcing its position as a leader in large-scale infrastructure and real estate development projects.

Josts Engineering Company rose 0.46%. The company announced that it has bagged a significant order valued at Rs 3.64 crore from Google IT Services India for the supply of advanced NVH (noise, vibration & harshness) instruments solution package & accessories.

V2 Retail jumped 3.44% after the company?s standalone revenue surged 86% to Rs 705 crore in Q2 FY26, compared with Rs 380 crore posted in Q2 FY25.

Goodluck India rose 0.68%. The company said its arm, Goodluck Defence & Aerospace, has secured an industrial license under the Indian Arms Act, 1959.

Global Markets:

European market opened higher while Asian stocks traded higher on Friday as investors adopted a risk-on approach, driven by rising expectations of near-term monetary easing from the Federal Reserve ? despite the U.S. government entering its third day of shutdown.

Investors appeared largely unfazed by the shutdown?reportedly the 15th since 1981?even though it has halted scientific research and financial oversight and delayed key economic data. Market participants are waiting to gauge the duration of the closure before assessing its broader economic impact, with history showing that such shutdowns rarely trigger significant market moves.

In Japan, unemployment edged up to 2.6% in August from 2.3% in the prior month, government data showed.

Meanwhile, the S&P Global Japan Services PMI rose to 53.3 in September from 53.1 in August, supported by strong domestic demand despite weakening export orders.

Overnight on Wall Street, the S&P 500 added 0.06%, the Dow Jones Industrial Average rose 78 points, or 0.2%, and the Nasdaq Composite advanced 0.4%.

The U.S. shutdown also forced the Labour Department to suspend operations, delaying the release of the September nonfarm payrolls report. While this reduces the data available for the Fed?s October policy meeting, it also removes a near-term source of pressure on equities.

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