Indian equity markets extended their rebound on October 6, with the Nifty 50 rising 220.35 points, or 0.98%, to close at 22,776.10, while the Sensex gained 685.34 points, or 0.95%, to end at 73,067.81. The recovery was supported by easing crude oil prices, positive global cues and strong quarterly business updates from banks and consumer companies. Financial stocks led the move, while the broader market also participated in the rally. Investors now turn their attention to the Reserve Bank of India’s Monetary Policy Committee decision, which is expected to be the key market-wide trigger for October 7.
FII/DII Activity
| Investor | Gross Purchase | Gross Sales | Net |
|---|---|---|---|
| FII/FPI | ₹11,258.72 crore | ₹14,220.02 crore | -₹2,961.30 crore |
| DII | ₹20,146.40 crore | ₹15,057.48 crore | +₹5,088.92 crore |
Foreign institutional investors remained net sellers for the third consecutive trading session in October, while domestic institutional investors continued to absorb the selling. FII selling for October has crossed ₹17,000 crore, whereas DII net buying has exceeded ₹20,000 crore, keeping institutional flows an important market factor.
Stocks to Watch Today
| Stock | Why It Is in Focus |
|---|---|
| Titan Company | Strong Q2 business update with 25% consumer-business growth |
| Mphasis | £35.4 million Social Security Scotland agreement |
| JSW Cement | Commissioned new 1 MTPA grinding unit |
| Axis Bank | Strong Q2 advances and deposit growth; RBI policy sensitivity |
| Kotak Mahindra Bank | 24.7% growth in net advances and 23.2% deposit growth |
| HCL Technologies | ₹500 crore HCL IT City expansion plan |
| Godrej Consumer Products | New Indonesia manufacturing facility inaugurated |
| Mahindra Lifespaces | ₹3,500 crore Pune residential development |
| Marsons | Proposed North American transformer business joint venture |
| Ola Electric Mobility | Board meeting to consider rights issue of up to ₹1,000 crore |
Titan Company
Titan is among the most prominent stocks in focus after reporting a strong Q2 FY27 business update. Consumer businesses recorded 25% year-on-year growth, with domestic business growing 22% and international business surging 97%. The jewellery segment grew around 21%, while CaratLane reported 32% growth. Titan added 78 net stores during the quarter, taking its total network to 3,758 stores. The update gives investors an early indication of demand trends across jewellery, watches, eyewear and other consumer businesses.
Mphasis
Mphasis announced a new agreement worth approximately £35.4 million with Social Security Scotland. Under the contract, the company will manage and maintain the benefits management platform supporting applications, eligibility decisions and payments for around two million citizens. The development is relevant because large, long-duration technology contracts can strengthen the company’s public-sector technology portfolio and provide additional revenue visibility.
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JSW Cement
JSW Cement has commissioned an additional 1.00 MTPA cement grinding unit at Nagaur in Rajasthan. The new facility increases the plant’s grinding capacity to 3.50 MTPA and takes the company’s total cement grinding capacity to 25.10 MTPA. Total clinker manufacturing capacity, including its joint venture capacity, stands at 9.74 MTPA. The expansion adds production capacity in a market where infrastructure and construction activity remain important demand drivers.
Axis Bank
Axis Bank remains in focus following a strong Q2 business update. Gross advances increased 22.7% year-on-year to around ₹13.85 lakh crore, while deposits rose 20.7% to approximately ₹14.52 lakh crore. CASA deposits also increased, while term deposits recorded strong growth. With the RBI policy decision due today, banking stocks could see increased attention as investors assess the impact of interest rates, liquidity conditions and the central bank’s policy guidance.
Kotak Mahindra Bank
Kotak Mahindra Bank reported 24.7% year-on-year growth in net advances to approximately ₹5.77 lakh crore. Deposits increased 23.2% to around ₹6.51 lakh crore, while CASA deposits grew 11.3%. The strong credit and deposit growth provides an important business update ahead of the RBI decision, particularly as investors assess the outlook for credit demand and funding conditions.
HCL Technologies
HCL Group announced an expansion of HCL IT City with a planned investment of ₹500 crore. The proposed development is expected to create up to 9.5 lakh square feet of additional capacity and accommodate around 4,500 technology professionals. HCLTech has also announced an initiative to train 1,000 students in Uttar Pradesh in AI and allied technologies during FY27. The expansion highlights the group’s continued investment in technology infrastructure and talent development.
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Godrej Consumer Products
Godrej Consumer Products is in focus after its Indonesian subsidiary inaugurated the first phase of a new manufacturing facility in the Kendal Special Economic Zone. The company has invested approximately ₹250 crore in the facility to strengthen its manufacturing footprint in Indonesia. The development is significant for the company’s international operations and reflects its strategy of expanding local manufacturing capacity in key overseas markets.
Mahindra Lifespaces
Mahindra Lifespaces has launched Mahindra Rivenza, a residential development project in Baner Annex, Pune, with an estimated gross development value of around ₹3,500 crore. Pune remains an important residential market, supported by technology, manufacturing and services employment. The project adds to Mahindra Lifespaces’ development pipeline and will be watched for booking momentum and execution progress.
Marsons
Marsons has announced its intention to form a joint venture with New York-based private equity firm Cleanhill Partners to accelerate transformer distribution, servicing and manufacturing operations across the United States and Canada. The proposed partnership could provide the company with a route into the North American transformer market, where demand for grid infrastructure and electrical equipment has increased. Investors will watch further details on the structure, investment and execution of the proposed venture.
Ola Electric Mobility
Ola Electric Mobility has scheduled a board meeting for October 7 to consider matters related to a rights issue of partly paid-up equity shares of up to ₹1,000 crore. The proposed fundraising is important because the size and structure of the capital raise could influence the company’s funding position and future expansion plans. Investors will watch the board’s decision and subsequent details regarding the issue.
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The RBI MPC decision is likely to remain the biggest market-wide trigger on October 7. Banks, NBFCs, real estate companies and other rate-sensitive sectors could react to the policy rate decision and, importantly, the RBI’s commentary on inflation, liquidity and the future direction of monetary policy. Alongside the policy event, Q2 business updates, capacity additions, technology contracts and corporate fundraising plans are likely to keep individual stocks active during the session.
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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