Indian equity markets return to trading on Monday after the Gandhi Jayanti holiday, with investors facing a cautious backdrop following another weak session on October 1. The Nifty 50 fell 198.50 points, or 0.88%, to close at 22,421.95, while the Sensex declined 570.59 points, or 0.79%, to 71,909.70. The sell-off was driven by continued foreign institutional selling, elevated US Treasury yields, rising crude oil prices and weakness in automobile stocks following mixed September sales numbers. The rupee also weakened to a two-month low, adding to the pressure on domestic equities.
The September quarter also ended with the benchmark indices extending their losing streak to eight consecutive weeks, the longest such run in 25 years. The Nifty fell 3.1% during the week, while the Sensex declined 2.7%. Investors will therefore be watching whether fresh quarterly business updates and company-specific developments can provide some support after the prolonged correction.
FII/DII Activity
The latest available institutional data for October 1 showed heavy foreign selling, while domestic institutions continued to absorb a large portion of the outflows.
| Investor | Gross Purchase | Gross Sale | Net Flow |
|---|---|---|---|
| FII | ₹12,260.26 crore | ₹21,744.48 crore | -₹9,484.22 crore |
| DII | ₹25,420.04 crore | ₹15,378.20 crore | +₹10,041.84 crore |
Quick Summary
| Stock | Why It Is in Focus |
|---|---|
| HDFC Bank | RBI approved Anup Bagchi as MD & CEO for three years |
| Bajaj Finance | Board approved ₹17,500 crore capital-raising plan |
| Avenue Supermarts | DMart reported 18.4% YoY Q2 standalone revenue growth |
| Yes Bank | Loans and advances grew nearly 24% YoY |
| Hindustan Zinc | Q2 mined metal production rose 5% and saleable metal 7% |
| Aurobindo Pharma | Received final USFDA approval for Perampanel tablets |
| Indian Bank | Q2 total business rose 14.2% YoY to ₹15.96 lakh crore |
| RVNL | East Coast Railway order cancelled |
| IREDA | CMD additional charge extended for another three months |
| MOIL | Increased manganese ore prices by 5% for October |
HDFC Bank
HDFC Bank will be among the most closely watched stocks after the Reserve Bank of India approved the appointment of Anup Bagchi as the bank’s new Managing Director and CEO for a three-year term. Bagchi’s appointment brings an end to the uncertainty surrounding the bank’s leadership transition following the departure of its previous MD and CEO. The change is particularly important because HDFC Bank is India’s largest private-sector lender, and investors will track the new management’s priorities around growth, asset quality, technology and profitability.
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Bajaj Finance
Bajaj Finance is in focus after its board approved a major capital-raising plan of up to ₹17,500 crore. The proposal includes a ₹11,700 crore qualified institutional placement and a ₹5,800 crore preferential issue of convertible warrants to promoter Bajaj Finserv. The fundraising could strengthen the company’s capital base and support its expansion plans. The stock will also be watched alongside its latest September-quarter business update as investors assess the company’s growth momentum and funding requirements.
Avenue Supermarts
Avenue Supermarts, which operates the DMart retail chain, reported an 18.4% year-on-year increase in standalone revenue during the September quarter. The revenue update gives investors an early indication of the company’s performance before its full quarterly results. With consumer spending and retail demand being closely watched, the company’s quarterly sales growth will be important for assessing store productivity and demand trends.
Yes Bank
Yes Bank reported strong September-quarter business growth, with loans and advances rising nearly 24% year-on-year to around ₹3.1 lakh crore. The business update provides an early look at the private lender’s growth trajectory before its full financial results. Investors will be watching whether the strong loan growth is accompanied by continued improvement in deposits, asset quality and profitability.
Hindustan Zinc
Hindustan Zinc reported a 5% year-on-year increase in mined metal production to 271 kilotonnes during the September quarter, while saleable metal production increased 7% to 264 kilotonnes. Refined zinc production rose 5% to 212 kilotonnes and refined lead production increased 14% to 51 kilotonnes. The production numbers will be closely watched because metal output and realisations remain key drivers of the company’s operating performance.
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Aurobindo Pharma
Aurobindo Pharma has received final approval from the US Food and Drug Administration for Perampanel tablets in strengths ranging from 2 mg to 12 mg. Perampanel is used in the treatment of seizures associated with epilepsy. The approval expands Aurobindo’s portfolio in the US generic pharmaceutical market and adds another regulatory development to watch as investors assess the company’s product pipeline and US business.
Indian Bank
Indian Bank reported a 14.2% year-on-year increase in total business to ₹15.96 lakh crore as of September 30. The bank’s business also increased 4.4% sequentially. The update points to continued expansion in both lending and deposit activity and will be relevant ahead of the bank’s full quarterly financial results.
RVNL
Rail Vikas Nigam Ltd is in focus after an order received from East Coast Railway was cancelled. The cancelled contract related to the supply, installation and testing of an IP-based video surveillance system for rolling stock. The development is relevant because order inflows and execution visibility remain important factors for railway-infrastructure companies, and investors will monitor whether the cancellation has any meaningful impact on RVNL’s order book.
IREDA
Indian Renewable Energy Development Agency remains in focus after the additional charge of Chairman and Managing Director assigned to Director (Finance) Dr. Bijay Kumar Mohanty was extended for another three months from October 1. The leadership arrangement comes as IREDA continues to play a major financing role in India’s renewable-energy expansion. Investors will track further developments regarding the company’s permanent leadership structure.
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MOIL
MOIL has increased manganese ore prices by 5% for October 2026 across grades. The price revision is an important operational development because manganese ore realisations directly influence the company’s revenue and margins. The announcement also comes at a time when the broader metals space is being closely watched amid volatility in commodity prices and global demand expectations.
The market begins October with a cautious setup after eight consecutive weekly declines and heavy foreign institutional selling. At the same time, the new quarter brings a fresh set of company-specific triggers, particularly in banking, financial services, retail, metals and pharmaceuticals. HDFC Bank’s leadership change, Bajaj Finance’s large fundraising plan, DMart’s quarterly revenue update and fresh production and regulatory developments will be among the key announcements investors track on Monday.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. Onetrader is not a SEBI-registered investment adviser. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
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