GST Lifts Auto Sales, Incoming Mega IPOs & More

Sensex: 81207, 0.2%      |        Nifty50:  24894, 0.2%       |       Bank Nifty: 55589, 0.4%

Note : Nifty50 closed at 24,894.2, up 0.2%, on Oct 3, 2025.
Source link: Chart IQ (PML)

Daily Insights

Key benchmark indices traded higher amid supportive domestic and global cues. As per SIAM data, the passenger vehicles (ICE) sales surged in Sep, buoyed by GST rate cut. Maruti & Tata Motors performed better than competitors. Brent crude oil prices also declined around 2% to $64 on Wednesday due to increased US crude inventory, US shut down, and increased output from the OPEC+.

Source: Moneycontrol | Trendlyne

Top Movers (Nifty50) 

• Gainers: Tata Steel (Rs 173, +3.4%), Power Grid (Rs 289, +3.2%), Hindalco Inds (Rs 780, +1.8%), Kotak Bank (Rs 2100, +1.8%), Axis Bank (Rs 1181, +1.8%)
• Losers: Max Health (Rs 1069, -3.9%), Coal India (Rs 383, -1.3%), Eicher Motors (Rs 6941, -1.1%), Tech M (Rs 1400, -1.0%), Maruti Suzuki (Rs 15806, -1.0%)

Source: Trendlyne

Sectors in Focus

• Leading Sectors: Nifty Metal (+1.8%), Nifty PSU Bank (+1.1%), Nifty Private Bank (+0.6%)
• Lagging Sectors: Nifty Healthcare (-0.2%), Nifty Realty (-0.1%), Nifty Auto (-0.06%)

TRENDING NEWS

Domestic

• Tata Motors | Rs 716 | -0.3%
• Recorded a jump of 47% in passenger vehicle sales in September post GST rate cut. 
• Sammaan Capital | Rs 165 | -2.6%
  Abu Dhabi’s IHC is set to acquire 43.5% in the company for $1bn.  
• RIL  | Rs 1363 | -0.3%
  According to JP Morgan, Reliance’s consumer and telecom arms, Reliance Retail and Jio, are valued at $143 bn and $135 bn, respectively. 
• Tata Power  | Rs 394 | 0.9%
  Tata Power Renewable Energy inks 80 MW FDRE project with Tata Power Mumbai Distribution for Rs 1,200 cr. 
• JSW Steel | Rs 1161 | 1.3%
  Moody’s upgraded its outlook on JSW Steel and its US arm, Periama Holdings LLC, from stable to positive. 
• New IPOs
  The WeWork India IPO is open now. Tata Capital and LG India IPOs are set to open on Oct 6, and Oct 7, respectively. 

Source: BSE, ET, Mint, Business Standard

Global

• EU Unemployment: The unemployment rate in the Eurozone area surged to 6.3% against the expectation of 6.2% in Aug.
• US Shutdown: The Democrats and Republicans are at loggerheads over a few big budgetary spending items, which has resulted in this shutdown.
• Cautious Fed: The US Fed Official, Logan, said that inflation is running above target, and the Fed needs to be cautious on rate cuts.

Source: www.forexfatory.com 

F&O Corner

Derivatives Dashboard

• In Nifty50, 26 stocks witnessed long buildup, while 23 saw short buildup.
• In Nifty, strong put writing is seen at 24,900 & 24,800 strikes, acting as immediate support levels.
• The weekly expiry for Nifty is on Oct 7, while the Sensex expiry falls on Oct 9.

Key Levels – Indices

IPO Corner:

• Company Name – WeWork India Management Ltd.,
• Industry – Coworking Space
• Opening Date – Oct 3, 2025
• Closing Date – Oct 7, 2025
• Price Band – Rs 615-648

Source: RHP

Feature of the Day

Index Fund: An index fund is a mutual fund that aims to replicate the performance of a specific stock market index, such as the Nifty 50, Sensex, or any other sectoral index.

Source: Investopedia

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