Mumbai, October 1 (Market News) – The Indian stock market opened on a positive note today, with benchmark indices gaining ground after the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.5% and maintained a neutral policy stance.
The Sensex climbed 205.62 points (0.26%) to 80,473.24, while the Nifty50 gained 63.55 points (0.26%) to trade at 24,674.65. Market breadth remained healthy with 2,138 shares advancing, 977 declining, and 131 unchanged.
Top Gainers & Losers
On the Nifty, Trent, Shriram Finance, Tata Motors, Tata Consumer, and Tech Mahindra led the gainers’ list.
The key laggards were Bajaj Finance, Bajaj Finserv, Asian Paints, SBI Life Insurance, and Bharti Airtel.
All sectoral indices were in the green, while the BSE midcap and smallcap indices added about 0.5% each.
Mahindra & Mahindra Sales Jump 16% in September
Auto major Mahindra & Mahindra (M&M) reported overall sales of 100,298 vehicles in September 2025, reflecting a 16% YoY growth, including exports.
- Utility Vehicles: 56,233 units sold in the domestic market (+10%).
- Overall UV sales (incl. exports): 58,714 units.
- Commercial Vehicles: 26,728 units (+18%).
The company noted that SUV billing numbers were slightly subdued due to trailer availability issues in the last 10 days of September.
M&M stock was trading at ₹3,487.30, up 1.77%.
RBI’s Neutral Stance Seen as Festive Boost for Real Estate
The RBI’s decision to hold rates steady was welcomed by real estate experts.
Manju Yagnik, Vice Chairperson of Nahar Group and Senior VP of NAREDCO Maharashtra, said predictable EMIs provide confidence to homebuyers during the festive season.
With GST rationalisation aiding affordability, developers benefit from financing clarity. Despite global headwinds such as U.S. tariffs on Indian exports and higher visa costs, domestic housing demand remains resilient. Experts believe real estate will enter 2026 on strong footing.
Currency Check: Rupee Edges Higher
The Indian rupee traded at 88.72 per dollar, marginally stronger than the previous close of 88.78.
Adani Total Gas: CFO Steps Down
Parag Parikh, CFO of Adani Total Gas, resigned effective September 30. The company is in the process of appointing a successor.
- Stock at ₹628.80, up 0.58%.
- Intraday high: ₹637.90 | Low: ₹626.70.
- Volumes sharply lower vs 5-day and 30-day averages.
- Stock trades 27% below its 52-week high and 18% above its 52-week low.
- Market cap: ₹69,156 crore.
Oil India & GAIL Sign Mo
Oil India signed an MoU with GAIL (India) to strengthen cooperation in the natural gas value chain and expand access to cleaner energy.
- Oil India: ₹412.35 (down 0.23%).
- GAIL India: ₹175.15 (down 0.60%).
CLSA Bullish on Gold Loan Players
CLSA retained outperform ratings for Muthoot Finance and Manappuram Finance:
- Muthoot target: ₹3,600.
- Manappuram target: ₹310.
- Gold prices rose 20% QoQ, lifting LTV potential.
- Muthoot projected to deliver 23% AUM CAGR and 37% PAT CAGR (FY25–27).
CLSA Positive on Titan Amid Jewellery Retail Race
CLSA also kept an outperform rating on Titan, with a target of ₹4,394, after meeting Bluestone management.
- Bluestone: 292 stores in Q1 FY26, eyeing 700 by FY30.
- CaratLane: 331 stores, expected 553 by FY30.
- EBIT margin: CaratLane 6.6% vs Bluestone 3.2%.
- Bluestone benefits from design-first approach, in-house manufacturing, and proprietary tech stack.
Key Takeaway
Markets remain upbeat with RBI’s stable policy, festive demand optimism, and select sectoral growth stories (autos, jewellery, gold loans). However, investors are watching global risks and corporate earnings closely.
