On Wednesday, 2,809 stocks advanced, 1,579 declined and 225 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.78 indicating a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 111 securities advanced and 130 closed at a new 52-week high whereas securities sank to close at their new 52-week lows. Nifty Pharma, Nifty Metal and Nifty FMCG were among the biggest losers. Nifty Media, Nifty India Defence and Nifty PSU Bank were among the biggest gainers.
In September, Indian benchmarks have posted their steepest monthly decline since March. Nifty is down 6.1% and Sensex 5.8% for the month.
Yatharth Hospital & Trauma Care Services (-6.81%), Fortis Healthcare Limited (-6.33%), Artemis Medicare Services Ltd (-5.74%), Apollo Hospitals Enterprise Lim-ited (-5.7%), Healthcare Global Enterprises Limited (-5.34%), Max Healthcare Insti-tute Ltd (-5.33%) and Aster DM Healthcare Ltd (-5.01%) declined amid Supreme Court observations on high mark-ups between price-to-retailer and MRP of medi-cines sold through corporate hospital pharmacies, raising concerns over potential pricing regulations.
Ircon International (+14.27%) and Rites Ltd (+8.7%) shot up on heavy volumes, with IRCON highlighting strategic diversification into high-speed rail, metros, Kavach signalling and a 500 MW solar project.
AXISCADES Technologies (+7.92%) extended gains following the previous day’s large block deal in which promoter Jupiter Capital sold stake to institutional buyers including Abakkus and Kotak Mutual Fund.
Apollo Tyres (-0.50%) allotted ₹500 crore of secured, listed, rated and redeemable non-convertible debentures through private placement. The NCDs carried a three-year tenure, a 7.81% annual coupon and were set to mature on 28 September 2029.
Mangalore Refinery and Petrochemicals (-1.37%) reported a fire at its Coker Hy-drotreater Unit in Mangaluru after a Cold Separator operating under high pressure ruptured. The blaze was contained by emergency teams, while one person suffered a minor injury and was reported to be out of danger.
The government notified CAFE-III fuel-efficiency norms for passenger vehicles, ef-fective from 1 April 2027, through 31 March 2032. The fleet fuel-consumption benchmark will tighten from 3.996 litres per 100 km in 2027-28 to 3.3273 litres per 100 km in 2031-32, while BEVs and range-extended EVs will receive a 3x compliance multiplier.
LT Foods (-0.60%) said its subsidiary Nature Bio Foods B.V. entered into an agree-ment to raise its stake in Netherlands-based Leev.nu B.V. from 30% to 70.75% at an equity value of €1.735 million through cash consideration. The transaction was ex-pected to be completed in October 2026.
Sun TV Network (+9.35%) clarified that reports about a possible demerger of its sports division were rumours and said it did not comment on market speculation. The company also said there was no material price-sensitive information or immi-nent announcement affecting its shares.
Action Construction Equipment (+2.17%) received an order from the Border Roads Organisation to supply 74 four-wheel-drive backhoe loaders. The company dis-closed the order through a regulatory filing.
Solarworld Energy Solutions (+0.23%) said its wholly owned subsidiary ZNShine Solarworld received a ₹78.75 crore purchase order, including taxes, for supplying 96,000 G12R 625 Wp solar panels to a domestic renewable energy company. The basic order value was ₹75 crore, with 5% IGST taking the total to ₹78.75 crore.
Vedanta (-0.38%) allotted ₹2,000 crore of unsecured, redeemable, rated and listed non-convertible debentures through private placement. The NCDs had a face value of ₹1 lakh each and were issued under approvals from the company’s committee of directors.
Avalon Technologies (-0.23%) clarified that the proposed block deal involving Bhaskar Srinivasan and his promoter group did not involve Kunhamed Bicha or his promoter group. As of 29 September 2026, Bhaskar Srinivasan’s promoter group held 1,03,12,775 shares, or 15.42% of Avalon Technologies.
Motilal Oswal Financial Services (-0.22%) allotted 90,000 secured, rated, redeemable and listed senior NCDs with a face value of ₹1 lakh each, aggregating to ₹900 crore, through private placement. The three-year-and-25-day bonds were set to mature on October 25, 2029, and were secured by a first-ranking pari passu charge over eligible receivables.
KPI Green Energy (-3.31%) entered into a binding offer to acquire 100% of Alfanar Energy and Netra Wind at an enterprise value of approximately ₹2,410 crore. The two companies owned 507.9 MW of operational wind projects in Bhuj, Gujarat, and the transaction was expected to be completed by February 28, 2027, subject to con-ditions and approvals.
Seamec (-0.70%) entered into a Bimco Charter Party agreement with G R In-fraprojects for chartering its vessel SEAMEC II for subsea installation work under ONGC’s Pipeline Replacement Project and DSF 2 Project. The contract was valued at about $19.02 million excluding GST for 180 days, with commencement scheduled between October 15 and October 31, 2026.
Time Technoplast (-0.85%) approved the merger of its subsidiary TPL Plastech with the company, effective April 1, 2026, subject to statutory and regulatory approvals. Under the share-swap terms, 403 Time Technoplast shares will be issued for every 1,000 TPL Plastech shares, while the company will issue 79,01,516 new shares to TPL’s minority shareholders.
KNR Constructions (-0.63%) received income-tax penalty orders totalling ₹91.84 crore for assessment years 2017-18 to 2020-21 under Section 270A of the Income Tax Act. The company said the demands were not sustainable under law and planned to file appeals.
Indian Railway Finance Corporation (-1.22%) was penalised by NSE and BSE for non-compliance with SEBI listing regulations relating to board and committee composition for the quarter ended June 30, 2026. The company sought waiver of the fines and said the appointment of required independent directors was the respon-sibility of the Ministry of Railways.
It specific triggers and had tracked broader market and sector weakness:
The top gainers and top losers of the major indices are given in the table below:
