Nifty 50 opens from 22520.45 after a 1.3% gain

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 96.73, rupee firmer by 0.03% on the session
• India VIX: 14.35 (-6.1%)
• Gold (rupee terms): +1.50% on the session, +1.1% over five sessions

Key drivers

Markets

• Stocks in news: Banks, HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth. Indian equity markets showed a significant recovery driven by bargain buying and favorable global cues. The Nifty 50 and Sensex both closed higher, indicating improved investor sentiment. (Economic Times Markets)
• Nifty's recovery or just another trap? Analysts split on market's future direction!. Nifty's recent recovery has generated optimism, but a sustained close above key resistance is crucial for further gains. Analysts suggest a cautious approach with potential accumulation of certain stocks during dips. (ET Stocks)
• Top 5 stocks to buy today: RBL Bank, Birlasoft, Go Digit, LIC, Nykaa by Sumeet Bagadia | Target, stop-loss, rationale. Sumeet Bagadia of Choice Broking believes the immediate support for the Nifty 50 index is placed at 22,250–22,400, while 22,650–22,700 remains the key resistance zone (LiveMint Markets)
• EV stock to buy: Ather Energy shares - 134% returns in a year, Bank of Baroda Caps sees 19% more upside | Target price. Ather Energy shares have risen sharply since listing in May 2025. BOBCAPS sees further upside and expects the company’s planned move into the ₹1–1.25 lakh segment to support its expansion into the mass market. (LiveMint Markets)

Read more Stocks in news: Banks, HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth · Nifty's recovery or just another trap? Analysts split on market's future direction! · Top 5 stocks to buy today: RBL Bank, Birlasoft, Go Digit, LIC, Nykaa by Sumeet Bagadia | Target, stop-loss, rationale · EV stock to buy: Ather Energy shares - 134% returns in a year, Bank of Baroda Caps sees 19% more upside | Target price

Economy & policy

Economy and policy

• RBI steps may help local bond market. Indian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and increased hedging costs have limited borrowing options for these businesses. (Economic Times Markets)
• Supply-chain shifts, policy push fuel India’s manufacturing startup boom. India's manufacturing startups have seen a surge in investor interest and a sharp rise in revenue as the country steps up efforts to boost local manufacturing, with funding jumping from $164 million in 2020 when the pandemic arrived to $1.92 billion in 2026… (LiveMint Companies)
• SEBI To Issue CAS Guidelines Within A Week, Introduce Tiered Framework For AI, Machine Learning. SEBI's proposed AI and machine learning guidelines will include tiered oversight, data controls, kill switches and human accountability, aligned with the IOSCO Supervisory Toolkit. (NDTV Profit)
• Around 1,000 ex-Flipkart staff approach Walmart over stock option liquidity. Former employees of Flipkart and group firms Myntra and Cleartrip have approached Walmart and Flipkart seeking liquidity for vested stock options amid uncertainty over the IPO timeline (BS Companies)

Read more RBI steps may help local bond market · Supply-chain shifts, policy push fuel India’s manufacturing startup boom · SEBI To Issue CAS Guidelines Within A Week, Introduce Tiered Framework For AI, Machine Learning · Around 1,000 ex-Flipkart staff approach Walmart over stock option liquidity

Companies

• RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure. The Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as they face a combined daily dollar necessity of around $200 million for imports. (Economic Times Markets)
• Earnings Tracker: HDFC Bank, HCL Tech, Wipro among 129 companies set to report Q2 results this week. As many as 129 companies are set to announce their Q2 FY27 results this week, including HDFC Bank, ICICI Bank, Axis Bank, HCL Tech, Wipro and Nestle India. (ET Stocks)
• Pressure on rupee may continue after temporary gains on RBI actions, say economists. The Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indicate that the rupee may continue to decline despite these efforts. (Economic Times Markets)
• Indian central bank curbs to temper corporate rush to hedge against rupee weakness. In response to the climbing oil prices and a declining rupee, the Reserve Bank of India has initiated fresh strategies aimed at economic stabilization. These measures involve hiking hedging expenses and curtailing speculative maneuvers among firms. (Economic Times Markets)

Read more RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure · Earnings Tracker: HDFC Bank, HCL Tech, Wipro among 129 companies set to report Q2 results this week · Pressure on rupee may continue after temporary gains on RBI actions, say economists · Indian central bank curbs to temper corporate rush to hedge against rupee weakness

Companies

New issues

• IPO rush continues: Jio, Zetwerk among cos set to tap primary market in Oct. A dozen companies, including Jio Platforms, Zetwerk Manufacturing Business, and Avaada Electro, are set to tap the primary market in October to raise funds through initial public offerings (IPOs), extending 2026's strong fundraising momentum. (Business Standard Mkts)
• Ashish Kacholia, Mukul Agrawal, others invest Rs 120 crore in IPO-bound Fusion CX. Ace investors Ashish Kacholia and Mukul Agrawal-backed Sanshi Fund, along with Kotak Mahindra Life Insurance, acquired a combined 3.19% stake worth Rs 120 crore in Fusion CX ahead of its Rs 702 crore IPO opening on October 14. (Economic Times Markets)
• Elon Musk vs Mukesh Ambani: Why is Tesla, SpaceX CEO attacking Reliance Industries ahead of Jio Platforms IPO launch?. Elon Musk vs Mukesh Ambani: Experts believe Tesla, SpaceX CEO is attacking Reliance Industries because his Indian venture Starlink will have to compete with Jio Platforms, which is ready to hit the Indian primary market any time (LiveMint Markets)
• IPO Rush: Eight issues to raise over Rs 11,000 crore this week. Investors can look forward to an active primary market with six mainboard and two SME IPOs on the horizon. (Economic Times Markets)

Read more IPO rush continues: Jio, Zetwerk among cos set to tap primary market in Oct · Ashish Kacholia, Mukul Agrawal, others invest Rs 120 crore in IPO-bound Fusion CX · Elon Musk vs Mukesh Ambani: Why is Tesla, SpaceX CEO attacking Reliance Industries ahead of Jio Platforms IPO launch? · IPO Rush: Eight issues to raise over Rs 11,000 crore this week

Currency, commodities & rates

World

• China’s battery profit boom exposes India’s toughest EV manufacturing challenge: Why it matters. China’s battery industry is seeing record profits and renewed investment, shifting earnings towards manufacturers. India’s ₹18,100-crore battery push faces a tough test from China’s scale, technology and cost advantages. (Business Today Mkts)

Read more China’s battery profit boom exposes India’s toughest EV manufacturing challenge: Why it matters

What matters next