🏁 Market Close & Index Performance
The markets continued their positive momentum on October 3.
After a cautious start, buying in banking, metals, and consumer names helped benchmarks finish with gains.
According to reports:
Nifty 50 closed near 24,894.25, up ~57.95 points or ~0.23%.
Sensex rose ~224 points, driven by rally in heavyweight stocks.
Bank Nifty up ~ 241.3 points also participated, contributing to the bullish breadth. (Reports mention banks, metal stocks among top movers)
It was the second consecutive day of gains after a stretch of volatility, signaling that bulls are trying to reassert control.
📈 Top Gainers & Top Losers
Top Gainers
1.Tata Steel
2.Power Grid Corporation
3.Kotak Mahindra Bank
4.Axis Bank
5.Larsen & Toubro (L&T)
These names saw strong interest, especially in the metals, utilities, and banking space.
Top Losers
1.Max Healthcare Institute
2.Eicher Motors
3.Coal India
4.Tech Mahindra
5.Maruti Suzuki
These laggards reflect the rotation pressure in health, auto, and commodity names.
🌐 Sectors & Market Themes
Leading sectors: Banking / financials, metals, consumer, and utilities saw strong participation.
Lagging sectors: Some pressure was seen in healthcare (Max), autos (Eicher, Maruti), and parts of tech / telecom.
The rally was broad enough to suggest a shift in sentiment — more sectors joining rather than just narrow strength.
🔍 Volatility — VIX & Market Mood
India VIX dropped ~2.23% closed ~ 10.06
Indicating a moderation in fear and more confidence creeping in.
This decline in VIX suggests that the recent gains carry some conviction rather than being pure short-covering.
🧭 Support & Resistance Levels
Given the price action today, here are zones to watch:
Nifty 50
Support: ~ 24,700 – 24,500
Resistance: ~ 25,000 – 25,100
Bank Nifty
Support: ~ 54,500 – 54,000
Resistance: ~ 55,500 – 56,200
Sensex
Support: ~ 80,000 – 79,500
Resistance: ~ 82,000 – 82,500
A clean break above resistance, backed by rising volume / open interest, could signal continuation; if the indices reverse from resistance, expect pullbacks toward support zones.
🌟 Stock of the Day
Tata Steel emerges as the stock of the day.
It was among the top gainers and led the metals segment.
Strong demand in steel / metals, combined with positive sentiment in commodity spaces, gave it the lift.
Watch how it reacts at resistance and whether momentum holds. It could be a good candidate for short to medium-term plays if it holds strength.
📊 FII & DII Flow
On October 3,
FIIs were net sellers of ~ ₹1583.37 crore in the cash segment,
DIIs were net buyers to the tune of ~ ₹489.76crore.
This flow pattern shows that domestic institutions are absorbing foreign pressure — a supportive backdrop for markets.
Because FII flows remain an overhang, sustaining gains will require continued DII support or a reversal in foreign sentiment.
🏗 IPO / Primary Market News
GIFT Nifty and index rebalancing continued to draw attention in markets, with more flows rotating into newly included names.
October 6, 2025 Tata Capital IPO and
October 7, 2025 L.G. Electronics India IPO Subscription open.
📈 Trade Ideas: Short-Term & Long-Term
Short-Term / Swing Ideas:
Ride strength in metal names (e.g. Tata Steel) and bank stocks (Axis, Kotak) Watch for quick pullback entries in financials / utilities if indices retrace
Long-Term Picks:
Large-cap banking stocks (e.g. SBI, HDFC, ICICI) — structural plays Infrastructure / utility names for stable returns Metals / commodity-linked names might benefit if global demand recovers
Given the improved breadth, selective accumulation on strength rather than chasing laggards is a safer play.
✅ Final Thoughts
October 3 delivered a confident bounce, building on yesterday’s momentum.
The drop in VIX, strong breadth, and sector participation suggest that bulls are trying to reassert control.
However, the FII overhang remains a risk.
For tomorrow, watch if Nifty crosses 25,000 convincingly, and whether Tata Steel and other lead names continue to outperform. Keep your stops tight — the market still remains vulnerable to global surprises.