Nifty down for 8 consecutive weeks, first time since 2001
Moneylife Digital Team 01 October 2026
On Thursday, 1,367 stocks advanced, 3,056 declined, and 235 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 0.44, indicating a negative closing. The trend of the major indices on Thursday’s trading is given in the table below. 
 
 
On NSE, 78 securities advanced and closed at a new 52-week high, whereas 291 securities sank to close at their new 52-week lows. Nifty IT was the biggest gainer. Nifty Auto, Nifty Metal, Nifty Media were the biggest loser.
 
Coforge (+4.40%) expanded its engineering centre in Kraków, Poland, which had over 375 engineers and was expected to grow to more than 660 professionals by 2027. The centre added over 20,000 square feet of workspace to support AI-first en-gineering, cloud and modernisation services.
 
Steel Strips Wheels (-4.24%) recorded its highest-ever monthly net turnover of ₹625.81 crore in September 2026, up 52.40% y-o-y from ₹410.60 crore, while gross turnover rose 46.90% y-o-y to ₹728.78 crore. Total volume increased 27% y-o-y, with export value up 54%, aluminium wheels 82%, 2- and 3-wheelers 61% and trucks 54%.
 
SEPC (+1.20%) settled ongoing legal disputes through a Madras High Court order involving ₹149.5 crore, comprising ₹147 crore paid through a demand draft and ₹2.5 crore held with the court. The settlement terminated the proceedings, lifted interim attachments including receivables worth ₹154 crore and removed banking re-strictions, with the company stating there would be no direct monetary outflow from its resources.
 
Mahindra & Mahindra (-3.05%) reported 2,912 trucks and buses above 3.5 tonnes in September 2026, up 53% y-o-y, while cumulative sales for April-September rose 22% to 17,805 units. Its Farm Equipment Business sold 52,100 tractors in September, down 21% y-o-y, while cumulative tractor sales rose 7% to 2,74,068 units. Mahindra & Mahindra reported total auto sales of 1,14,874 vehicles in September 2026, up 15% y-o-y, with domestic utility vehicle sales rising 14% to 64,092 units and commercial vehicle sales increasing 14% to 30,420 units. Three-wheeler sales rose 26% to 16,343 units, while total exports declined 7% to 4,019 vehicles.
 
Escorts Kubota (-1.76%) reported tractor sales of 15,214 units in September 2026, down 16.7% y-o-y, with domestic sales declining 16.2% to 14,911 units and exports falling 34.7% to 303 units. Cumulative April-September sales rose 10% y-o-y to 70,879 units.
 
Bajaj Auto (-7.62%) reported total sales of 5,38,443 units in September 2026, up 5% y-o-y, with two-wheeler sales rising 5% to 4,51,494 units and commercial vehicle sales increasing 9% to 86,949 units. April-September sales rose 24% y-o-y to 29,87,135 units, while domestic sales increased 7% and exports rose 47%.
 
The government launched the auction of two offshore mineral blocks in the Anda-man Sea for composite licences covering exploration and mining. The blocks cov-ered 1,000 sq km and 632 sq km respectively and contained polymetallic nodules and crusts with cobalt, nickel, manganese, copper and rare earth elements.
 
Lloyds Metals and Energy (-5.69%) produced 10 million tonnes of iron ore in H1FY27, up 36% y-o-y, while pellet production stood at 3.8 million tonnes and DRI production rose 104% to 343,000 tonnes. Its second 4 million tonne pellet plant commenced operations, taking total pellet capacity to 8 million tonnes.
 
Maruti Suzuki India (-0.47%) reported total sales of 2,36,013 units in September 2026, up 24.4% y-o-y, including domestic sales of 1,85,252 units, OEM sales of 6,542 units and exports of 44,219 units. April-September total sales rose to 13,79,378 units from 10,78,735 units a year earlier.
 
Vi Business and Cisco partnered to expand enterprise network modernisation through Hybrid SD-WAN, integrating Cisco Meraki’s cloud-managed networking with Vi Business’ connectivity portfolio. The solution combined SD-WAN, wired and wireless networking, security and multi-cloud integration.
 
Zota Health Care (-2.08%) subscribed to 39,228 shares of wholly owned subsidiary Davaindia Health Mart through a rights issue for ₹19.91 crore, maintaining full ownership of the subsidiary. The investment was intended to support Davaindia’s working capital requirements. Zota Health Care subscribed to 21,00,000 shares of wholly owned subsidiary KMHP Ventures through a rights issue for ₹2.10 crore. KMHP was developing retail stores under the Ugo Generic brand and the invest-ment was intended to support store expansion and working capital.
 
Eicher Motors (-3.22%) subsidiary VE Commercial Vehicles recorded sales of 11,396 units in September 2026, up 49.6% y-o-y, with domestic Eicher Trucks and Buses sales rising 57.5% to 10,479 units. FYTD sales increased 21.5% y-o-y to 52,886 units, while exports declined 4.7% to 667 units.
 
Balaji Amines (-3.13%) received a Directions and Warning Letter from the FDA, Pune, relating to technical-grade propylene glycol sold for industrial use that was subsequently used in pharmaceutical applications without the company’s knowledge. No penalty, prosecution or adverse order was passed against the com-pany, which reinforced its sales and documentation protocols.
 
GPT Infraprojects (+0.27%) South African subsidiary received a contract from Transnet Freight Rail to manufacture and supply railway concrete sleepers for ZAR 660 million plus VAT, equivalent to approximately ₹385 crore plus VAT. The con-tract was scheduled to be executed over five years.
 
Gland Pharma (-0.86%) planned to invest $21 million in Gland Pharma USA, which would use the funds to acquire 60% of newly incorporated Novelstar Pharma for cash. The transaction was expected to be completed by October 31, 2026, with Fosun Pharma USA holding the remaining 40% stake in Novelstar.
 
Allied Blenders and Distillers (-5.49%) arbitration proceedings against the Canteen Stores Department were terminated after the Sole Arbitrator concluded that no ar-bitration agreement existed between the parties. The company said it planned to explore legal avenues to contest the jurisdictional decision and seek recovery of the disputed claims.
 
Adani Enterprises (-2.98%) clarified that its wholly owned subsidiary Adani Airport Holdings had previously disclosed a proposed private placement of non-convertible debentures and that Adani Enterprises was not directly involved in the bond trans-action. The company said it had no separate reporting obligation for the transac-tion.
 
JBM Auto (-2.13%) registered 274 electric buses in September 2026, giving it a 33% market share, while its April-September registrations stood at 892 units, translating into an estimated 24% market share. Its electric buses had covered more than 450 million e-kilometres to date.
 
Nuvoco Vistas (-4.65%) wholly owned subsidiary NU Vista received a GST show-cause notice proposing a demand of ₹24.99 crore for FY2022-23. The company said the demand arose from incorrect calculations and planned to contest the notice with supporting documents and legal precedents.
 
NTPC Green Energy (-2.44%) declared 50 MW of solar capacity in Rajasthan com-mercially operational from October 2, 2026, taking the group’s installed commercial capacity to 11,262.51 MW from 11,212.51 MW. The capacity formed part of the 300 MW solar component of a 200 MW renewable energy round-the-clock project.
 
Tata Motors Passenger Vehicles (-1.45%) reported Q2 FY27 sales of 2,01,723 units, up 40% y-o-y, with domestic sales rising 40% to 1,96,674 units and international sales increasing 20% to 5,049 units. EV sales exceeded 47,000 units, up 90% y-o-y, while EVs and CNG vehicles together accounted for more than half of sales.
 
Capri Global Capital (+0.72%) redeemed its ₹75 crore commercial paper in full on October 1, 2026, on the due date, with no outstanding amount remaining. The re-demption involved no partial repayment or call/put option.
 
Ashok Leyland (-2.41%) reported total vehicle sales of 24,049 units in September 2026, up 28% y-o-y, with M&HCV sales rising 37% to 16,188 units and LCV sales in-creasing 12% to 7,861 units. April-September total sales rose 22% y-o-y to 1,13,440 units.
 
 
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
Desh Mitra
1 week ago
There is a typo in second Para in \"Nifty IT was the major LOSER\". Sentence should be \"Nifty IT was the major GAINER\"
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