High
ABRELABREL
Reported Q2 2026 loss and substantial revenue decline; high volume selling reinforces operational concerns.
volume>2x avgbelow 50DMA support
Daily Brief
Daily Brief - Fri, 2 Oct, 2026, 14:11 IST
Market Outlook
Indian indices concluded lower, reflecting a broad negative sentiment with NIFTY 50 down 0.88%. The IT sector provided a significant counter-trend rally, while most other major sectors experienced declines. Heavy FII selling was largely absorbed by robust DII buying, indicating domestic resilience against foreign outflows.
Key Takeaways
- NIFTY 50 and SENSEX closed lower by 0.88% and 0.79% respectively.
- IT sector was the strongest performer, gaining 2.17%, led by INFY.NS (+4.1%).
- Auto sector saw the steepest decline (-3.46%), with BAJAJ-AUTO.NS (-7.6%) and MARUTI.NS (-4.9%) among top losers.
- FIIs were net sellers with -9484.22cr, while DIIs were strong net buyers with +10041.84cr.
- Market breadth was negative with 16 advancers against 42 decliners.
- NIFTY METAL (-2.35%) and NIFTY FMCG (-1.61%) also saw notable declines.
FII / DII Activity
FII Net
−9,484.22 cr
DII Net
+10,041.84 cr
As of 2026-10-01
Market Cues
NIFTY 50
22,421.95
-0.88%SENSEX
71,909.7
-0.79%NASDAQ
26,871.596
+0.04%GOLD
4,207.4
+0.12%INDIA VIX
14.455
+7.15%Market Sectors
NIFTY BANK
54,450.75
-0.33%NIFTY IT
28,304.7
+2.17%NIFTY PHARMA
26,311.55
-0.48%NIFTY AUTO
25,384.95
-3.46%NIFTY METAL
12,460.7
-2.35%NIFTY ENERGY
36,388.15
-0.68%NIFTY REALTY
835
-1.46%NIFTY FIN SERVICE
26,434.75
-0.46%NIFTY FMCG
43,789.85
-1.61%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| INFY | Infosys | 1,035.00 | +4.11% |
| HDFCLIFE | HDFC Life Insurance | 534.20 | +2.49% |
| HAVELLS | Havells India | 1,040.00 | +2.36% |
| HDFCBANK | HDFC Bank | 721.20 | +1.76% |
| SBILIFE | SBI Life Insurance | 1,721.60 | +1.49% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| BAJAJ-AUTO | Bajaj Auto | 10,045.00 | -7.62% |
| MARUTI | Maruti Suzuki | 11,386.00 | -4.86% |
| TATASTEEL | Tata Steel | 178.00 | -3.42% |
| ADANIPORTS | Adani Ports & SEZ | 1,737.80 | -3.36% |
| GRASIM | Grasim Industries | 2,962.00 | -3.26% |
52-Week High & Low
Near 52-Week High
No stocks within 2% of their 52-week high.
Near 52-Week Low
ITCITC
255.90+0.49%
HINDUNILVRHindustan Unilever
1,836.00+0.50%
RELIANCEReliance Industries
1,167.70+0.59%
NTPCNTPC
315.10+0.65%
MARUTIMaruti Suzuki
11,386.00+0.72%
ONGCOil & Natural Gas Corp
222.37+0.80%
BHARTIARTLBharti Airtel
1,741.10+0.86%
IOCIndian Oil
131.34+0.86%
BRITANNIABritannia Industries
4,778.00+0.87%
TATACONSUMTata Consumer Products
957.00+1.27%
Mid-Session
Mid-Session - Fri, 2 Oct, 2026, 20:20 IST
Session Summary
Amidst a broad market downturn, specific stocks like ABREL, Ambuja Cement, and Kalyan Jewellers show genuine sell signals driven by company-specific operational issues, significant drawdowns with high volume, and reinforcing existing bearish technicals.
Alerts(3)
High
AMBUJACEMAMBUJACEM
Significant drawdown of 3.1% with exceptionally high volume (2.8x avg) indicating concerted selling beyond general market weakness.
drawdown>3%volume>2x avgbelow 50DMA support
Medium
KALYANKJILKALYANKJIL
Identified as a 'Sell Candidate' with a 4.5% drawdown reinforcing existing bearish technicals and negative analyst outlook.
drawdown>3%below 50DMA support
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
ABREL ABREL | ₹1,106.5 | -2.14% | -2.1% vs prev close, vol 2.4x avg — flags: volume>2x avg, below 50DMA support |
ACE ACE | ₹1,207.4 | -1.95% | -2.0% vs prev close, vol 0.8x avg |
AMBUJACEM AMBUJACEM | ₹362.25 | -3.14% | -3.1% vs prev close, vol 2.8x avg — flags: drawdown>3%, volume>2x avg, below 50DMA support |
APOLLOHOSP APOLLOHOSP | ₹8,116 | -0.28% | -0.3% vs prev close, vol 1.0x avg — flags: below 50DMA support |
ASTRAL ASTRAL | ₹1,344 | -1.93% | -1.9% vs prev close, vol 0.5x avg — flags: below 50DMA support |
BDL BDL | ₹1,088.25 | -1.88% | -1.9% vs prev close, vol 0.5x avg — flags: below 50DMA support |
BHARTIARTL BHARTIARTL | ₹1,741.1 | -0.90% | -0.9% vs prev close, vol 1.0x avg — flags: below 50DMA support |
BRIGADE BRIGADE | ₹568.85 | -1.22% | -1.2% vs prev close, vol 0.3x avg — flags: below 50DMA support |
BSOFT BSOFT | ₹269.7 | -0.77% | -0.8% vs prev close, vol 1.8x avg — flags: below 50DMA support |
CASTROLIND CASTROLIND | ₹199.05 | -0.65% | -0.6% vs prev close, vol 0.5x avg |
CENTRALBK CENTRALBK | ₹30.1 | -1.21% | -1.2% vs prev close, vol 1.1x avg — flags: below 50DMA support |
DALBHARAT DALBHARAT | ₹1,689.25 | +0.27% | +0.3% vs prev close, vol 1.2x avg — flags: below 50DMA support |
DIXON DIXON | ₹12,700 | -3.05% | -3.1% vs prev close, vol 0.8x avg — flags: drawdown>3%, below 50DMA support |
DLF DLF | ₹658.4 | -2.31% | -2.3% vs prev close, vol 1.6x avg |
FIRSTCRY FIRSTCRY | ₹173.8 | -3.41% | -3.4% vs prev close, vol 0.2x avg — flags: drawdown>3%, below 50DMA support |
GODREJCP GODREJCP | ₹840 | -1.18% | -1.2% vs prev close, vol 0.8x avg — flags: below 50DMA support |
HAVELLS HAVELLS | ₹1,040 | +2.36% | +2.4% vs prev close, vol 2.3x avg — flags: volume>2x avg, below 50DMA support |
HCLTECH HCLTECH | ₹1,246 | +1.38% | +1.4% vs prev close, vol 1.7x avg — flags: below 50DMA support |
HDFCBANK HDFCBANK | ₹721.2 | +1.76% | +1.8% vs prev close, vol 1.3x avg |
HEROMOTOCO HEROMOTOCO | ₹5,173 | -1.22% | -1.2% vs prev close, vol 1.0x avg |
HINDALCO HINDALCO | ₹941.85 | +0.01% | +0.0% vs prev close, vol 1.6x avg — flags: below 50DMA support |
HINDUNILVR HINDUNILVR | ₹1,836 | -2.29% | -2.3% vs prev close, vol 1.1x avg — flags: below 50DMA support |
ICICIBANK ICICIBANK | ₹1,310.6 | -0.84% | -0.8% vs prev close, vol 1.5x avg — flags: below 50DMA support |
IIFL IIFL | ₹583.15 | -2.93% | -2.9% vs prev close, vol 0.8x avg — flags: below 50DMA support |
INFY INFY | ₹1,035 | +4.11% | +4.1% vs prev close, vol 1.6x avg — flags: below 50DMA support |
IREDA IREDA | ₹110.8 | -0.72% | -0.7% vs prev close, vol 0.6x avg — flags: below 50DMA support |
ITC ITC | ₹255.9 | -2.61% | -2.6% vs prev close, vol 1.5x avg — flags: below 50DMA support |
ITCHOTELS ITCHOTELS | ₹158.75 | -3.28% | -3.3% vs prev close, vol 1.4x avg — flags: drawdown>3% |
JINDALSTEL JINDALSTEL | ₹1,100.5 | -3.03% | -3.0% vs prev close, vol 1.2x avg — flags: drawdown>3%, below 50DMA support |
JIOFIN JIOFIN | ₹212.5 | -2.02% | -2.0% vs prev close, vol 2.3x avg — flags: volume>2x avg, below 50DMA support |
JKPAPER JKPAPER | ₹383.55 | -2.58% | -2.6% vs prev close, vol 0.7x avg — flags: below 50DMA support |
JWL JWL | ₹223.75 | -3.95% | -3.9% vs prev close, vol 1.1x avg — flags: drawdown>3%, below 50DMA support |
KALYANKJIL KALYANKJIL | ₹528.5 | -4.46% | -4.5% vs prev close, vol 1.4x avg — flags: drawdown>3%, below 50DMA support |
KAMATHOTEL KAMATHOTEL | ₹237.9 | +0.30% | +0.3% vs prev close, vol 0.8x avg |
KOTAKBANK KOTAKBANK | ₹418.35 | +0.32% | +0.3% vs prev close, vol 4.7x avg — flags: volume>2x avg |
LICI LICI | ₹391.85 | -0.85% | -0.8% vs prev close, vol 0.8x avg — flags: below 50DMA support |
LODHA LODHA | ₹1,104.75 | -2.67% | -2.7% vs prev close, vol 1.7x avg — flags: below 50DMA support |
M&M M&M | ₹2,851.05 | -3.27% | -3.3% vs prev close, vol 1.0x avg — flags: drawdown>3% |
MANKIND MANKIND | ₹2,527 | +0.88% | +0.9% vs prev close, vol 0.7x avg |
MAXHEALTH MAXHEALTH | ₹940.95 | +1.20% | +1.2% vs prev close, vol 2.0x avg — flags: volume>2x avg, below 50DMA support |
NEWGEN NEWGEN | ₹457.8 | -2.16% | -2.2% vs prev close, vol 1.2x avg — flags: below 50DMA support |
NHPC NHPC | ₹71.94 | -1.32% | -1.3% vs prev close, vol 1.1x avg — flags: below 50DMA support |
PRESTIGE PRESTIGE | ₹1,486.1 | +0.28% | +0.3% vs prev close, vol 2.6x avg — flags: volume>2x avg, below 50DMA support |
PSB PSB | ₹21.12 | -1.03% | -1.0% vs prev close, vol 1.3x avg — flags: below 50DMA support |
PVRINOX PVRINOX | ₹1,220 | -1.83% | -1.8% vs prev close, vol 0.4x avg |
RELIANCE RELIANCE | ₹1,166 | -1.81% | -1.8% vs prev close, vol 1.0x avg |
SBIN SBIN | ₹954.1 | -0.56% | -0.6% vs prev close, vol 0.9x avg — flags: below 50DMA support |
TATASTEEL TATASTEEL | ₹179.1 | -3.01% | -3.0% vs prev close, vol 1.0x avg — flags: drawdown>3% |
TCS TCS | ₹2,075 | +1.19% | +1.2% vs prev close, vol 1.1x avg — flags: below 50DMA support |
TMPV TMPV | ₹280 | -1.70% | -1.7% vs prev close, vol 1.0x avg — flags: below 50DMA support |
TVSMOTOR TVSMOTOR | ₹4,021 | -2.07% | -2.1% vs prev close, vol 1.9x avg — flags: below 50DMA support |
ULTRACEMCO ULTRACEMCO | ₹10,710 | -2.25% | -2.2% vs prev close, vol 2.0x avg — flags: below 50DMA support |
VBL VBL | ₹425.3 | -1.55% | -1.6% vs prev close, vol 1.5x avg |
VMM VMM | ₹99.5 | -1.49% | -1.5% vs prev close, vol 1.1x avg — flags: below 50DMA support |
WIPRO WIPRO | ₹159.5 | +0.69% | +0.7% vs prev close, vol 0.8x avg — flags: below 50DMA support |
Research #2
2 Oct 2026, 17:56 IST
HDFCBANK
HDFC BANK LTD
LTP
Rs 721.2
52W Range
Rs 681.9 - Rs 1,020.5
Trend
neutral
RSI
49.3
P/E
15.77
MACD
-0.40 / -0.86
Fundamentals
- Growth
- Q1 FY27 net profit +4.98%, NII +6.7%; average deposits +13.3%, average gross advances +13.4%; leveraging AI, cross-selling synergies, rural expansion; FY27 credit growth forecast 15%, deposit growth 13.6%.
- Valuation
- Trades at ~26% discount to ICICI Bank (P/B), ~6% discount to Kotak Mahindra Bank, and nearly 30% below its 52-week high of ₹1,020.35.
Technicals
- Trend
- Medium-term falling trend channel, stock below all major moving averages, broke support at ₹743 (rectangle formation) signaling potential fall to ₹665.
- Momentum
- RSI is neutral at 49.3-51.241; MACD is neutral at 0.026.
- Key levels
- Immediate pivot ₹717.22; resistance at ₹728.19, ₹733.67, ₹744.64, and ₹737; support at ₹711.74, ₹700.77, and ₹695.29.
Sentiment
- News
- RBI approval of Anup Bagchi as new MD & CEO on Oct 1, 2026, brought clarity and positive market reaction (ADRs +5%, domestic stock +1.76%); turbulent year due to leadership changes and post-merger challenges.
- Brokerage
- Jefferies maintained 'Buy' (target ₹880); Motilal Oswal 'Buy' (target ₹925); UBS 'Buy' (target ₹1,000); Bernstein 'Outperform' (target ₹1,150); Morgan Stanley 'Overweight' (target ₹1,025); Nuvama 'Buy' (target ₹875, cut from ₹1,025); HSBC downgraded ADRs to 'Hold' (target $26.10).
Entry & Exit
- Fundamental
- Supports entry due to deep valuation discount and strong long-term growth prospects despite governance risks and execution challenges.
- Technical / Sentiment
- Wait for clearer signals; technicals show a falling trend and broken support, but positive sentiment from new CEO appointment and brokerage targets suggest potential for rebound.
Target
- Jefferies
- ₹880 · ~2 years (based on Sept 2028 book value) · ~20% upside
- Motilal Oswal
- ₹925 · Long-term (anticipating improved FY28) · ~28% upside
- UBS
- ₹1,000 · Unspecified · 39% upside
- Bernstein
- ₹1,150 · Unspecified · 60% upside
- Morgan Stanley
- ₹1,025 · Unspecified · Deep value
- Nuvama
- ₹875 · Unspecified · Unspecified upside
- HSBC
- $26.10 (ADR) · Unspecified · Unspecified
- Analyst Consensus (11 analysts)
- ₹972.30 · Unspecified · 34.82% upside
HOLD
While technicals are weak and risks exist, the stock offers deep value, strong growth prospects, and a positive catalyst from new leadership, justifying a hold for potential long-term recovery.