Today’s Stock Market Closing, 1 Oct: Sensex Jumps Over 700 Points; Nifty Reclaims 24,800 After RBI Holds Repo Rate; Banking & Financial Stocks Lead Gains

On Wednesday, October 1, Indian equity benchmark indices closed higher, posting their strongest intraday gains since August 18. Both the Nifty and the Sensex snapped an eight-day losing streak as the RBI’s monetary policy announcement lifted market sentiment and provided relief from bearish pressure. India’s fear index, India VIX, slipped over 7% below the 11 mark.

At the close, the Nifty 50 advanced 243.15 points, or 0.99%, to settle at 24,836.30, while the Sensex climbed 715.70 points, or 0.89%, to end at 80,983.31.

Gains were led by financial stocks after the RBI kept policy rates unchanged in line with market expectations and announced relaxations in acquisition and lending rules. The RBI raised FY26 GDP growth to 6.8% while lowering CPI inflation to 2.6%, citing easing price pressures. 

On the sectoral front, 10 out of 11 major sectors closed in the green. Financials were the show-stopper for the day, with the Nifty Financial Services index rising 1.38%, making it the second-best performing sector of the day. Bank Nifty also surged 1.3%, marking its sharpest intraday rise since June 6.

Meanwhile, broader markets joined the uptrend, with both the Nifty Midcap and Nifty Smallcap indices ending the session on a positive note, strengthening overall market breadth.

Stock-Specific Highlights

Among individual stocks,

• Tata Motors' share price jumps over 5%, emerging as the top Nifty gainer, after announcing the record date for the demerger of the commercial vehicles business.
• Lupin's share price jumped over 3% as the company received the US drug regulator's approval for a drug to treat thrombosis and pulmonary embolism. Also, the company launches Rivaroxaban for Oral Suspension in the United States.
• Pfizer climbed 4%, after its US-listed parent Pfizer and President Donald Trump agreed on a deal in which the drugmaker will lower prescription drug prices in exchange for tariff relief.

Nifty Media - Top Gaining Sector

The Nifty Media index surged 3.97%, recording its highest intraday gains since 23 June, with 8 out of 10 constituents ending in positive territory. On the flip side, the Nifty PSU Bank index declined by 0.37% snapping a 2-day rally.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• HDFC Bank: +49.28 points
• ICICI Bank: +37.34 points
• Kotak Mahindra Bank: +24.04 points

On the other hand, these stocks weighed on the index:

• Bajaj Finance: -6.70 points
• State Bank of India: -6.60 points
• Bharti Airtel: -5.29 points

Broader Markets Ended Positive 

The broader market indices ended on a positive note on Wednesday. The Mid-cap 100 index ended up by 0.89%, and the Small-cap 100 closed up by 1.10%, recording the sharpest intraday gains since September 1.

Market Breadth

As of October 1, 2025, the market breadth was in favour of advancing stocks. Out of 3,158 stocks traded on the NSE, 2,199 advanced, 874 declined, and 85 remained unchanged. 

A total of 68 stocks touched their 52-week highs, while 74 hit their 52-week lows. Additionally, 117 stocks were locked in their upper circuits, whereas 56 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.