Nifty, Sensex Rally Faces Selling: Tuesday Market Report
Moneylife Digital Team 07 October 2025
On Tuesday, 1843 stocks advanced, 2320 declined and 165 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.79 indicating a negative closing. Moneylife’s Market Breadth Indicators remain in neutral strength territory. The trend of the major indices on Tuesday’s trading is given in the table below.  
 
 
On NSE, 79 securities advanced and closed at a new 52-week high whereas 109 securities sank to close at their new 52-week lows. Nifty PSU Bank, Nifty Metal and Nifty Auto among the biggest gainers. Nifty Media, Nifty Infrastructure and Nifty FMCG among the biggest losers. 
 
HG Infra (-1.76%) received Provisional Certificate of Completion (PCC-1) for the Rs1,060.11 crore six-lane Aluru–Jakkuva section of NH-130CD under the Raipur–Visakhapatnam corridor.
 
Oil India (+0.78%) signed an MoU with Mahanagar Gas to jointly explore LNG and clean energy opportunities, including heavy-duty transport applications. The collaboration aligns with both companies push into scalable, sustainable energy solutions across India’s evolving fuel ecosystem.
 
KRN Heat Exchanger (+1.94%), via its subsidiary KRN HVAC, signed a Business Transfer Agreement to acquire the Bus Air-Conditioning division of Sphere Refrigeration Systems. The strategic move integrates operations and staff into KRN HVAC, aiming to boost revenue and profitability without impacting shareholding or control.
 
Biocon (+0.01%)  Pharma, in partnership with Carnegie Pharmaceuticals, has received USFDA tentative approval for Rifaximin Tablets, 550 mg. The rifamycin-class drug targets hepatic encephalopathy and IBS-D in adults, marking another milestone in Biocon’s complex generics portfolio for the U.S. market.
 
AlA Engineering’s subsidiary Vega Industries Chile SpA secured a $32.9 million (INR 291 crore) order from a top Chilean copper miner for high-chrome grinding media. The 18-month contract, starting Nov 2025, strengthens AlA’s global footprint and mining sector positioning.
 
Balu Forge (-0.65%) commenced operations at its new precision machining unit in Belgaum, featuring 7-axis and 11-axis CNC machines sourced from Spain and Germany. With 12,000 TPA capacity, the facility targets aerospace, defence, and railways, enabling production of complex components up to 2.5m in length.
 
Carysil Limited (+0.92%) will expand Quartz Kitchen Sink capacity by 1 lakh units (10% of current 1 million/year), backed by Rs5 crore QIP-funded investment. With utilization over 85%, the move targets rising demand and is slated for completion by 31 December 2025.
 
CreditAccess Grameen (-0.53%) reported 33% y-o-y disbursement growth in Q2FY25-26 and 27% in H1FY25-26, with GLP reaching Rs25,904 crore. It added 2.2 lakh borrowers and 150 branches in H1. Despite weather disruptions, PAR metrics remained stable, while employee count rose to 21,701.
 
Gabriel India (+2.63%) signed a JV agreement with South Korea’s SK Enmove to enter the lubricants and specialty fluids segment. The new entity, SK Enmove Gabriel India Pvt Ltd, will be 51:49 owned by SK Enmove and Gabriel India, with Gabriel investing up to Rs29.4 crore in equity.
 
Earnings
RMC Switchgears (+0.92%) posted 110% y-o-y revenue growth in H1FY25-26 to Rs221 crore, led by Rs114 crore from Solar EPC. Its Rs825 crore order book and upcoming 1 GW solar module plant support margin expansion. 
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
Comments
WeWork India IPO: InGovern Warns of Governance Gaps, Promoter Litigations and Weak Balance Sheet
Moneylife Digital Team 07 October 2025
The Rs3,000-crore initial public offering (IPO) of WeWork India Management Ltd (WeWork) has witnessed a muted response from retail and non-institutional investors, with subscription data from the National Stock Exchange (NSE) showing...
IPO Review: LG Electronics India
Moneylife Digital Team 06 October 2025
LG Electronics India (LG) has been the No.1 player in major home appliances and consumer electronics (excluding mobile phones) in India for the six months ended 30 June 2025, as well as in calendar year (CY)2024, CY2023, and CY2022,...
IPO Review: Tata Capital Ltd
Moneylife Digital Team 06 October 2025
Tata Capital Ltd (TCL) is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Pvt Ltd, the group’s holding company. With a legacy spanning 150+ years, the Tata group operates across 10 verticals...
Parag Milk Foods: Strong Initiatives, Low Valuation
Moneylife Digital Team 06 October 2025
Parag Milk Foods Limited (Parag) has, in recent years, undergone a marked transformation from a traditional dairy player into an integrated dairy-and-nutrition platform, expanding aggressively into high-growth, premium and new-age...
Free Helpline
Legal Credit
Feedback