On September 29, 2025, the Indian stock market showed a mostly flat to slight recovery trend, with Sensex and Nifty indices moving up and down during the session but closing near previous levels.
Nifty crossed the 24,700 mark intraday, indicating some recovery after a series of declines, though the overall market sentiment remained cautious.
Retail investor sentiment was subdued due to pressure on key sectors such as IT and pharma, which faced significant downturns leading to psychological resistance in re-entry at previous high price levels.
Broader markets outperformed the benchmark indices despite the Sensex and Nifty falling for a seventh consecutive session, reflecting selective confidence in some mid and small-cap stocks.
Overall market sentiment was influenced by macroeconomic factors including government fiscal targets and supply chain disruptions like GST rate cuts impacting consumer staples sales.
Key Indices
NIFTY 50
24,635
-0.08%
SENSEX
80,364.94
-0.08%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
80,364.94
-0.08%
0.001%
-4.67%
Nifty Next 50
67,835
1.03%
3.18%
-12.82%
Nifty Midcap 100
56,533
0.27%
1.45%
-6.37%
Nifty 50
24,635
-0.08%
0.85%
-5.90%
Nifty Smallcap 250
16,666
-0.10%
0.97%
-9.42%
Sector Highlights
PSU Bank
+1.78%
PSU Bank stocks rose 1.78% driven by positive earnings reports and SBI’s supportive views on a potential RBI rate cut, which may ease borrowing costs and boost credit growth in the sector.
PSE
+1.17%
The Public Sector Enterprises (PSE) index gained 1.17% supported by government initiatives enhancing growth prospects, including increased agricultural trade partnerships with Russia and steady demand in key public enterprises.
Realty
+0.88%
Realty sector rose 0.88% due to Maharashtra's housing push announced recently, signaling increased demand and government support for residential construction, improving sector outlook.
Auto
-0.18%
Auto sector declined slightly by 0.18%, pressured by global supply chain disruptions affecting components availability and cautious consumer demand sentiments amid broader market volatility.
Media
-0.85%
Media sector dropped 0.85%, impacted by global tariff uncertainties linked to US-India trade tensions, notably new pharma tariffs affecting Indian companies, which have indirect negative sentiment spillover on media stocks.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
PSU Bank
+1.78%
-1.84%
+6.71%
+146.89%
PSE
+1.17%
-2.13%
-13.26%
+145.49%
Realty
+0.88%
-6.10%
-23.35%
+107.35%
Auto
-0.18%
-2.70%
-3.68%
+110.29%
Media
-0.85%
-2.72%
-26.66%
-22.10%
Movers of the Day
Top Nifty Gainers
Titan Company
2.22%
Titan Company rose by 2.22% due to strong consumer demand in the festive season, boosting investor sentiment around its retail operations and luxury product offerings.
Eternal
2.17%
Eternal gained 2.17% amidst positive earnings outlook and signs of sectoral resilience despite broader global headwinds.
Wipro
2.04%
Wipro increased by 2.04%, supported by renewed optimism around potential client wins in the IT sector despite recent challenges faced by peers.
SBI
1.61%
SBI rose by 1.61%, driven by optimistic projections for future loan growth and improving NPA ratios, reinforcing investor confidence in PSU banks.
IndusInd Bank
1.44%
IndusInd Bank gained 1.44%, benefiting from institutional buying and sectoral strength as financial stocks displayed resilience.
Top Nifty Losers
Axis Bank
-1.89%
Axis Bank fell by 1.89% due to profit-booking amid mixed sentiment in the banking sector following FII selling pressure.
Maruti Suzuki
-1.85%
Maruti Suzuki declined by 1.85%, impacted by lower-than-expected sales data and concerns over global trade tariffs on auto exports.
Dr Reddys Labs
-1.48%
Dr Reddys Labs dropped 1.48%, weighed down by regulatory uncertainty regarding exports to key international markets.
Larsen
-1.10%
Larsen fell 1.10%, partly due to an analyst downgrade by BoFA Securities, citing challenges in ROE improvement despite cash surplus.
Apollo Hospital
-0.88%
Apollo Hospital lost 0.88% as healthcare stocks faced pressure from sector-specific cost-cutting measures and subdued growth outlook.
Stock Spotlight Of The Day
Tata Motors
Market Cap
2,47,596 Cr
Current Price
₹672
Stock P/E
28.0
Dividend Yield
0.89%
ROCE
20.3%
ROE
17.9%
Shareholding Changes (Impact Factors)
FIIs
QoQ
-0.67%
YoY
-1.01%
Stable foreign holding
DIIs
QoQ
0.05%
YoY
1%
Stable domestic holding
Promoters
QoQ
-0.01%
YoY
-3.79%
Minor reduction
Quarterly Summary (Absolute)
Sales
QoQ
Severe drop
-21.59%
YoY
Small dip
-7%
Expenses
QoQ
Sharp cut
-21.75%
YoY
Under control
-8.2%
Operating Profit
QoQ
Erosion
-20.39%
YoY
Slight improvement
2.47%
Net Profit
QoQ
Profits soared
287.12%
YoY
Profits soared
144.29%
Profit & Loss (Compounded)
Sales Growth
10 Years
7%
5 Years
10%
3 Years
14%
TTM
-8%
Profit Growth
10 Years
13%
5 Years
26%
3 Years
77%
TTM
28%
Stock Price CAGR
10 Years
8%
5 Years
38%
3 Years
18%
1 Year
-32%
Return on Equity
10 Years
2%
5 Years
9%
3 Years
17%
Last Year
18%
Fundamental's Corner
While profit growth has been stellar with a TTM surge of 28% and a sharp 144% YoY net profit growth, the decline in sales growth (TTM: -8%) signals softening demand, creating a discrepancy between robust profitability and contracting top-line performance.
The stock’s ROE and ROCE remain strong at 17.9% and 20.3%, but the high P/E of 28 suggests it may be overvalued, especially amid declining sales trends. Retail investors should monitor near-term revenue recovery before considering entry.
News TidBits
Tata Motors appointed Shailesh Chandra as CEO & MD and Dhiman Gupta as CFO, marking a strategic shift in leadership to navigate industry challenges.
The new management brings expertise in scaling automotive businesses, which could accelerate Tata Motors' transition toward EV and hybrid vehicles.
The market expects Tata Motors to leverage its leadership changes to drive innovation and capital allocation amidst competitive pressures.
Positive sentiment is expected in the EV sector and related supply chains, including battery manufacturing and charging infrastructure companies.
Investors anticipate medium-term bullishness on the stock, aligning with operational and leadership-driven strength in India's automotive market.
Stacks on Stacks: Tip Time 🤑
The biggest investment risk isn’t market volatility—it’s the inability to control your emotions during it. Mastering emotional discipline is the retail investor’s edge against erratic, institutional behavior.
Inside The Fund
SBI Technology Opportunities Fund
Fund Size: ₹ 4760.89 Cr
NAV: ₹ 240.2214 (as on 26th September, 2025)
1 Year
-3.15%
Category: -4.22%
2 Year
16.21%
Category: 19.52%
3 Year
19.74%
Category: 20.99%
5 Year
22.15%
Category: 24.08%
10 Year
17.43%
Category: 15.24%
Top 10 Holdings
Stock
Holding %
1M Change
Infosys Ltd.
13.89%
-0.60%
Bharti Airtel Ltd.
13.49%
-0.40%
Coforge Ltd.
6.88%
-0.21%
Firstsource Solutions Ltd.
5.64%
0.07%
LTIMindtree Ltd.
5.39%
-0.06%
Eternal Ltd.
4.97%
0.03%
Zinka Logistics Solutions Ltd.
4.73%
1.21%
Cognizant Technology Solutions Corp.
4.40%
-0.02%
Microsoft Corp
3.55%
-0.24%
Delhivery Ltd.
2.85%
0.22%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (3)
TVS Motor Company Ltd. - Preference Shares
4 funds
Edelweiss Mid Cap Fund - Direct Plan - Growth
0.01%
Axis Midcap Fund - Direct Plan - Growth
0.02%
Sundaram Mid Cap Fund - Direct Plan - Growth
0.01%
Aditya Birla Sun Life Midcap Fund - Direct Plan - Growth
0.01%
Eternal Ltd.
2 funds
Motilal Oswal Midcap Fund - Direct Plan - Growth
9.03%
Invesco India Mid Cap Fund - Direct Plan - Growth
2.03%
Krishna Institute of Medical Sciences Ltd.
2 funds
ICICI Prudential MidCap Fund - Direct Plan - Growth
0.22%
Invesco India Mid Cap Fund - Direct Plan - Growth
0.90%
Top News Developments
Tata Motors Leadership Reshuffle: New CEO & CFO Announced
Shailesh Chandra and Dhiman Gupta have been appointed as CEO & MD and CFO respectively, signaling strategic leadership changes.
The move is expected to bolster Tata Motors’ adaptability to EV transitions and strengthen its fiscal operations.
This announcement brings renewed optimism for automotive and related ancillary sectors, such as batteries and semiconductors.
EV and hybrid vehicle momentum will likely accelerate, driving investment in infrastructure-linked stocks.
Retail investors should monitor auto manufacturers for medium-term growth opportunities tied to leadership-driven operational improvements.
HUL Q2 Sales Slow as GST Rate Cuts Create Temporary Impact
Near-flat growth in Hindustan Unilever's Q2 revenue is attributed to the short-term effects of GST rate reductions in September.
The disruptions in sales recognition suggest strong demand fundamentals with temporary distortions rather than structural weaknesses.
The FMCG sector may face transient challenges, but normalization is expected as policy-driven price benefits filter through.
Investors should note volatility in FMCG earnings forecasting cycles while considering long-term consumption trends for entry points.
HUL and peers like ITC remain resilient picks as affordability-driven demand recovery kicks in post-Q3 FY26.
DEA Secretary Confident of FY26 Fiscal Targets Amid Global Pressures
India's government expressed confidence in meeting fiscal deficit and growth targets despite inflationary and geopolitical challenges.
Stable policy frameworks for revenue mobilization and disinvestment reinforce macroeconomic stability, providing a positive outlook for interest-sensitive sectors.
Bond markets are likely to stabilize as fiscal risk perceptions decrease, making debt instruments attractive in the near term.
Retail investors should focus on banking, NBFCs, and infra-linked plays for opportunities in a predictable policy environment.
FII sentiment might improve in the medium term, aiding market liquidity and confidence.
FII / DII Snapshot
Yesterday
FII Net: ₹-5687.58 cr
DII Net: ₹5843.21 cr
August 2025
FII Net: ₹-46902.92 cr
DII Net: ₹94828.55 cr
Daily Flows
Date
FII Net
DII Net
26-Sep-2025
₹-5687.58 cr
₹5843.21 cr
25-Sep-2025
₹-4995.42 cr
₹5103.01 cr
24-Sep-2025
₹-2425.75 cr
₹1211.68 cr
23-Sep-2025
₹-3551.19 cr
₹2670.87 cr
22-Sep-2025
₹-2910.09 cr
₹2582.63 cr
Monthly Flows
Month
FII Net
DII Net
August 2025
₹-46902.92 cr
₹94828.55 cr
July 2025
₹-47666.68 cr
₹60939.16 cr
June 2025
₹7488.98 cr
₹72673.91 cr
May 2025
₹11773.25 cr
₹67642.34 cr
April 2025
₹2735.02 cr
₹28228.45 cr
March 2025
₹2014.18 cr
₹37585.68 cr
• Foreign institutional investors (FII) continued their selling streak, recording a net outflow of ₹5,687.58 crore on September 26, reflecting persistent bearish sentiment among foreign investors toward Indian equities. Domestic institutional investors (DII), in contrast, injected ₹5,843.21 crore into the market, demonstrating confidence in the Indian market despite global uncertainties. The ongoing divergence between FII outflows and DII inflows highlights counterbalancing forces affecting liquidity and stability in Indian equities.
IPO Watchlist
Ongoing IPOs
Om Freight Forwarders has seen a subscription of 1.4x, reflecting moderate interest despite mixed market sentiment.
Glottis is showing a positive grey market premium with a subscription rate of 0.43x, indicating selective optimism among institutional investors.
Jinkushal Industries IPO has been heavily subscribed at 65.09x, suggesting retail and institutional enthusiasm in SME-focused IPOs.
Om Freight Forwarders
122.31
Date: 29 Sept - 3 Oct
List: 8 Oct
Subscription: 1.4x
GMP: 6.67%
Glottis
307.00
Date: 29 Sept - 1 Oct
List: 7 Oct
Subscription: 0.43x
GMP: 11.63%
Fabtech Technologies
230.35
Date: 29 Sept - 1 Oct
List: 7 Oct
Subscription: 0.7x
GMP: 1.05%
Pace Digitek
819.15
Date: 26 Sept - 30 Sept
List: 6 Oct
Subscription: 0.58x
GMP: 7.31%
Jinkushal Industries T
116.15
Date: 25 Sept - 29 Sept
List: 3 Oct
Subscription: 65.09x
GMP: 14.46%
Upcoming IPOs
Tata Capital IPO, opening in early October, is among the largest of 2025 at ₹15,511 crore; its robust demand is expected to drive strong investor participation.
Advance Agrolife is seeing healthy grey market premiums ahead of its opening, indicating significant retail interest.
WeWork India aims to raise ₹3,000 crore through its IPO, aligning with strong demand in the co-working space despite ongoing market volatility.
Tata Capital
15511.87
Date:6 Oct - 8 Oct
List:13 Oct
Subscription: -
GMP: 8.59%
WeWork India
3000.00
Date:3 Oct - 7 Oct
List:10 Oct
Subscription: -
GMP: %
Advance Agrolife
192.86
Date:30 Sept - 3 Oct
List:8 Oct
Subscription: -
GMP: 13.00%
Cha-Ching Cheatsheet 💵
Every high-growth sector goes through cycles; profits are made by those who invest in weaknesses and sell in strengths rather than blindly following the herd in bubble phases.
Global Markets
Country
Index
1D
1Y
3Y
🇭🇰 Hong Kong
Hang Seng
1.84%
33.59%
49.08%
🇰🇷 South Korea
KOSPI
1.32%
31.8%
56.53%
🇨🇳 China
Shanghai Composite
0.89%
28.71%
26.59%
🇹🇭 Thailand
SET Composite
0.72%
-11.59%
-17.99%
🇺🇸 USA
S&P 500
0.59%
15.78%
82.50%
🇬🇧 UK
FTSE
0.40%
12.04%
35.47%
🇮🇩 Indonesia
Jakarta Composite
0.29%
4.89%
13.97%
🇫🇷 France
CAC
0.13%
1.14%
38.83%
🇸🇬 Singapore
Straits Times
0.09%
19.2%
34.19%
🇮🇳 India
GIFT NIFTY
0.06%
-5.02%
46.88%
🇩🇪 Germany
DAX
-0.10%
21.78%
98.03%
🇯🇵 Japan
Nikkei 225
-1.01%
15.36%
69.9%
Global markets on September 29, 2025, were volatile with ongoing concerns related to US sanctions and tariffs affecting trade dynamics, which in turn influenced Indian export-driven sectors.
US dependency sectors such as IT, pharma, textile, and gems-jewelry in India faced pressures due to global economic uncertainties and tightening trade policies from Western countries.
Geopolitical tensions, including protests in strategic regions, contributed to cautious global risk appetite impacting the Indian market sentiment indirectly.
Global markets showed mixed performance, with some developed markets stabilizing after recent setbacks while emerging markets, including India, showed resilience but under pressure from global macro headwinds.
The prospect of a US-India trade deal and visa policy changes around H-1B visas remained a focal point, potentially influencing medium-term capital flows into Indian equities.
Emerging Opportunities
Investors showed interest in sectors less dependent on US demand such as domestic consumption-driven industries, which may provide medium-to-long term growth amid global uncertainties.
Policy developments indicating government confidence in meeting FY26 fiscal deficit and growth targets provide a stable macroeconomic backdrop for risk-taking in equities.
Selective mid-cap and small-cap stocks surged relative to large caps, offering contrarian opportunities in segments prone to volatility but with upside potential.
The recent correction in IT and pharma sectors presents a potential entry point for value investors anticipating sectoral recovery once global headwinds ease.
IPO activities and corporate leadership changes in major firms like Tata Motors signal evolving corporate strategies that may create new growth avenues in industries such as automotive and infrastructure.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$112399
$2.24T
2.70%
-9.57%
Ethereum (ETH)
$4119.27
$497.68B
3.31%
-16.83%
Tether (USDT)
$1
$174.44B
0.00%
-24.39%
XRP (XRP)
$2.87
$171.42B
3.25%
-21.59%
BNB (BNB)
$1007.81
$140.26B
3.95%
-6.92%
Bitcoin recovered to trade above ₹112,000, supported by robust weekend buying pressure, signaling renewed investor confidence.
BNB posted a 3.95% 24-hour gain, buoyed by Binance-related ecosystem optimism despite broader market volatility.
Ethereum saw a 3.31% increase as significant network upgrades and positive sentiment from institutional investors drove activity.
XRP gained 3.25%, highlighting demand growth amid ongoing regulatory clarity in international markets.
Despite stable price action, global crypto markets face volatility as institutional interest fluctuates between buying opportunities and profit-booking phases.
Inside The Fund
