Stock Market Close: Sensex rises 224 pts; Nifty at 24,894; PSB, metal, consumer durables shares gain

Stock Market Close Highlights today, Oct 3:In the broader markets, the Nifty MidCap 100 index settled up 0.83 per cent, while the Nifty SmallCap 100 index rose 0.69 per cent

3:55 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: After a period of rangebound trading, the market closed on a positive note, supported by gains in metal and consumer durables stocks. Optimism over a potential Fed rate cut in October, a weakening dollar, and stable base metal prices drove the rally in metal indices. Consumption stocks are on a buzz led by reforms, a good monsoon and moderation in inflation upsizing demand as disposable income increases. Mid- and small-cap stocks outperformed as investors focused on stock-specific opportunities, anticipating stronger Q2FY26 earnings growth relative to large caps. Near-term market momentum is further supported by better-than-expected RBI policy and festival-season tailwinds.

View by Vinod Nair, head of research at Geojit Investments 

3:54 PM

Stock Market LIVE Updates: Technical View

Stock Market LIVE Updates: Nifty remained sideways for major part of the day, facing strong resistance around the 24,840-24,850 zone, before breaking out towards the last hour of the day, closing at 24,894 with a gain of 0.23%. The index formed a bullish candle and gave a higher close for the second consecutive day. The index, also managed to close above the 100-day EMA zone of 24,740-24,750, suggesting that this zone is acting as immediate support.

 

Nifty trades comfortably above its 200-day EMA (24,411) but faces resistance from the 20-day EMA (24,914), which can cap the upside momentum. Sustaining above these levels is essential for further recovery.

 

The RSI has bounced from near oversold territory but remains tad below the neutral 50 mark, suggesting cautious optimism with scope for improvement. MACD remains in negative territory, but the histogram shows shrinking red bars, indicating that bearish momentum is gradually weakening and a bullish crossover could emerge if recovery extends.

 

Looking at key levels, the 24,920–24,950 zone will act as an immediate resistance for the Index. If the index manages to move above the level of 24,950, the pullback can extend further till 25,100 level. While, on the downside, the zone of 24,800-24,750 will act as a crucial support for the Index.

View by Sudeep Shah, head of  technical and derivatives research at SBI Securities

3:40 PM

Stock Market LIVE Updates: Index heatmap

Stock Market LIVE Updates: Among the Sensex constituents, Tata Steel, Power Grid, Kotak Mahindra Bank, Axis Bank, L&T, and Bharti Airtel were the top gainers. Tech Mahindra, Maruti Suzuki, Ultratech Cement, Bajaj Finserv, Sun Pharma, and ICICI Bank were the top laggards. 

3:39 PM

Stock Market LIVE Updates: Sectoral indices show mixed trends

Stock Market LIVE Updates: On the sectoral front, Nifty Metal rose 1.82 per cent, followed by PSU Bank and Consumer Durables up over 1 per cent each. Nifty Bank, Energy, Financial Services, FMCG, IT, Pharma, and Oil & Gas also settled in green. On the other hand, Nifty Auto, Realty and Healthcare settled lower.

3:35 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: In the broader markets, the NSE Nifty Midcap 100 index rose 0.83 per cent, while the NSE SmallCap 100 index rose 0.69 per cent.

3:34 PM

Stock Market LIVE Updates: Nifty settles at 24,894

Stock Market LIVE Updates: The NSE Nifty50 settled at 24,894.25, up by 57.95 points or 0.23 per cent.

3:33 PM

Stock Market LIVE Updates: Sensex settles above 81,200

Stock Market LIVE Updates: The BSE Sensex rose 223.86 points or 0.28 per cent to settle at 81,207.17.

3:26 PM

Stock Market LIVE Updates: These 10 stocks to trade ex-date next week

Stock Market LIVE Updates: Shares of as many as 10 companies are expected to remain in focus during the upcoming week, from Monday, October 6 to Friday, October 10, following the announcement of corporate actions such as dividends, bonus issues, rights issues, and stock splits.

 

According to data from the BSE, the shares of these companies will trade ex-date during this period. The ex-date is a critical cut-off that determines shareholder eligibility for the announced corporate benefits. READ MORE 

3:18 PM

Stock Market LIVE Updates: Hero MotoCorp gains 3%, nears 52-week high as 2W stock bucks trend

Stock Market LIVE Updates: Hero MotoCorp shares gained 3 per cent to ₹5,582 on the BSE in Friday’s intra-day, after the world’s largest manufacturer of motorcycles and scooters, recorded a robust start to the festive season, dispatching 687,220 units in September 2025, supported by rural recovery.

 

The stock price of the two-wheeler (2W) company was quoting close to its 52-week high level of ₹5,749.55. It had hit a record high level of ₹6,245 on September 24, 2024. READ MORE 

3:09 PM

Stock Market LIVE Updates: BVG India files IPO papers with Sebi, aims to raise ₹300 cr via fresh issue

Stock Market LIVE Updates: Facility management services provider, BVG India has filed its preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of equity shares worth Rs 300 crore and an OFS.

 

Under the offer for sale (OFS), existing shareholders will offload 2.85 crore equity shares, according to the draft red herring prospectus (DRHP) dated September 30. READ MORE