High
MAXHEALTHMAXHEALTH
Significant drawdown, very high volume confirming selling conviction, and breaking 50DMA support.
drawdown>3%volume>2x avgbelow 50DMA support
Daily Report
Daily Report - Thu, 8 Oct, 2026, 23:06 IST
Market Summary
The Indian market closed significantly lower, with NIFTY 50 shedding 1.75% and SENSEX down 1.47%. This broad-based weakness was underscored by extremely negative market breadth and substantial FII selling, which was partially absorbed by DIIs. Investors should prepare for continued volatility and sector-specific pressures given the widespread declines across most indices.
Key Takeaways
- Nifty 50 and Sensex experienced sharp declines, closing down 1.75% and 1.47% respectively.
- Market breadth was overwhelmingly negative with 6 advances against 52 declines.
- Significant FII outflows of 6121.37cr were partially offset by DII buying of 4596.57cr.
- Nifty Metal (-3.39%), Energy (-2.82%), Realty (-2.92%), and Pharma (-2.44%) were among the worst performing sectors.
- The IT sector showed relative resilience, declining only 0.13%, with some IT stocks seeing minor gains.
- ADANIENT.NS and JSWSTEEL.NS were among the top losers, while SRF.NS and select banking/IT stocks showed modest gains.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
RBI Hikes Repo Rate by 25 Bps to 5.50%, Signals "Calibrated Tightening"
- Global Cues - Reuters
Global Markets Dip as Rising US Treasury Yields and Inflation Concerns Weigh
- Earnings - Economic Times
TCS Q2 FY27 Earnings Preview: Modest Sequential Growth Expected, Dividend Likely
TCS - Sectoral - Moneycontrol
IT Sector Shows Resilience Amidst Market Headwinds, Driven by TCS Earnings Focus
- Corporate Actions - Economic Times
PTC Industries Launches QIP to Raise Rs 1,800 Crore at Floor Price of Rs 22,150
PTCIL - Stocks in Focus - Business Standard
Tata Power Partners Ocean Sun to Bring Membrane-Based Floating Solar Technology to India
TATAPOWER - Macro & Policy - Livemint
India's Consumer Inflation Expected to Rise to 5.40% in September, Weak Rupee Adds Pressure
- Global Cues - Moneycontrol
Brent Crude Prices Sustain Above $100/Barrel, Fueling India's Economic Worries
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| GAIL | Nuvama Professional Clients Group | buy | 184 | Recommended with a 'Buy' rating and a target of Rs 184, indicating a positive outlook for the stock. |
| HINDZINC | Nuvama Professional Clients Group | sell | 506 | Rated 'Sell' with a target of Rs 506, suggesting expectations of a downside for the company's shares. |
| HDFCBANK | Jefferies | buy | 880 | Jefferies maintains a 'Buy' rating, projecting a 22% upside, citing strong potential for growth. |
| AUSFB | Jefferies | buy | 1,270 | Jefferies gives a 'Buy' rating with a target price of Rs 1,270, implying a significant 29% upside. |
| HAL | Jefferies | buy | 6,800 | Jefferies rates 'Buy' with a target price of Rs 6,800, indicating an upside potential of 44.13%. |
| ICICIGI | Jefferies | buy | 2,150 | Jefferies assigns a 'Buy' rating with a target price of Rs 2,150, reflecting an upside potential of 33.10%. |
| ICICIBANK | Macquarie | buy | 1,730 | Macquarie rates 'Outperform' with a target of Rs 1,730, expecting strong EPS growth for banking stocks in FY28. |
| TENNECOAIR | Motilal Oswal | buy | 673 | Initiated with a 'Buy' rating and a target price of Rs 673, expecting benefits from stricter emission norms and localization of advanced automotive technologies. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-10-07 | PTC India Limited | dividend | PTC India Limited |
| 2026-10-08 | Shankara Buildpro Limited | split | Shankara Buildpro Limited |
| 2026-10-09 | Accelya Solutions India Limited | dividend | Accelya Solutions India Limited |
| 2026-10-09 | Skyways Air Services Limited | dividend | Skyways Air Services Limited |
| 2026-10-09 | Mold-Tek Packaging Limited | bonus | Mold-Tek Packaging Limited |
| 2026-10-09 | Mold-Tek Technologies Limited | bonus | Mold-Tek Technologies Limited |
| 2026-10-09 | RMC Switchgears Limited | results | RMC Switchgears Limited |
| 2026-10-09 | Avenue Supermarts Limited | results | Avenue Supermarts Limited |
| 2026-10-16 | Bansal Wire Industries Limited | split | Bansal Wire Industries Limited |
FII / DII Activity
FII Net
−6,121.37 cr
DII Net
+4,596.57 cr
As of 2026-10-07
Market Cues
NIFTY 50
22,231.8
-1.64%SENSEX
71,593.24
-1.44%NASDAQ
27,538.691
-0.22%GOLD
4,149.3
+0.21%INDIA VIX
15.275
+10.01%Market Sectors
NIFTY BANK
54,515.05
-0.98%NIFTY IT
27,736.6
-0.08%NIFTY PHARMA
25,823.25
-2.32%NIFTY AUTO
24,512.7
-2.49%NIFTY METAL
11,870.05
-3.55%NIFTY ENERGY
35,649.3
-2.82%NIFTY REALTY
796.6
-3.16%NIFTY FIN SERVICE
26,461.8
-1.18%NIFTY FMCG
43,898.05
-2.02%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| SRF | SRF | 2,485.20 | +1.02% |
| INFY | Infosys | 997.00 | +0.50% |
| TECHM | Tech Mahindra | 1,496.20 | +0.34% |
| AXISBANK | Axis Bank | 1,245.00 | +0.20% |
| TCS | Tata Consultancy Services | 2,076.00 | -0.21% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| ADANIENT | Adani Enterprises | 2,596.00 | -5.36% |
| JSWSTEEL | JSW Steel | 1,175.20 | -4.46% |
| ITC | ITC | 255.00 | -4.03% |
| JSWENERGY | JSW Energy | 466.85 | -3.83% |
| HAVELLS | Havells India | 1,023.70 | -3.47% |
52-Week High & Low
Near 52-Week High
DIVISLABDivi's Laboratories
9,588.00−1.56%
Near 52-Week Low
POWERGRIDPower Grid Corp
244.65+0.00%
MARUTIMaruti Suzuki
11,228.00+0.03%
BRITANNIABritannia Industries
4,745.60+0.24%
M&MMahindra & Mahindra
2,751.20+0.25%
NTPCNTPC
309.70+0.41%
TATAPOWERTata Power
335.65+0.49%
ONGCOil & Natural Gas Corp
219.80+0.58%
ITCITC
255.00+0.73%
TATACONSUMTata Consumer Products
951.90+0.73%
IOCIndian Oil
126.25+0.78%
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
A number of portfolio holdings triggered end-of-day alert rules, with specific stocks like Max Healthcare, VMM, and TCS showing strong sell signals due to significant technical breakdowns and high volume, while others like Bandhan Bank and Reliance also present major concerns.
Alerts(10)
High
VMMVMM
Extremely high volume accompanying a price drop and breaking 50DMA, indicating major selling interest.
volume>2x avgbelow 50DMA support
High
TCSTCS
Extremely high volume and breaking 50DMA despite minimal price drop, indicating institutional reallocation or a major news event.
volume>2x avgbelow 50DMA support
Medium
BANDHANBNKBANDHANBNK
Large drawdown, above-average volume, and breaking key 50DMA support.
drawdown>3%below 50DMA support
Medium
RELIANCERELIANCE
Significant drop and breaking 50DMA with above-average volume, indicating a major concern for this heavy-weight stock.
below 50DMA support
Medium
ABRELABREL
Significant drawdown and breaking 50DMA support, suggesting weakening technicals.
drawdown>3%below 50DMA support
Medium
GMRAIRPORTGMRAIRPORT
Significant price drop and breaking 50DMA support, indicating weakening technicals.
drawdown>3%below 50DMA support
Medium
IREDAIREDA
Increased volume, significant drawdown, and breaking 50DMA support, suggesting stronger selling pressure.
drawdown>3%below 50DMA support
Medium
LODHALODHA
Strong bearish technicals with significant drawdown and breaking 50DMA support.
drawdown>3%below 50DMA support
Medium
TMPVTMPV
Significant drawdown and breaking 50DMA support, suggesting technical weakness.
drawdown>3%below 50DMA support
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
ABREL ABREL | ₹1,015.3 | -3.30% | -3.3% vs prev close, vol 0.6x avg — flags: drawdown>3%, below 50DMA support |
AMBUJACEM AMBUJACEM | ₹342 | -4.07% | -4.1% vs prev close, vol 1.0x avg — flags: drawdown>3% |
BANDHANBNK BANDHANBNK | ₹155.54 | -4.57% | -4.6% vs prev close, vol 1.1x avg — flags: drawdown>3%, below 50DMA support |
BDL BDL | ₹1,054 | -2.95% | -2.9% vs prev close, vol 1.2x avg — flags: below 50DMA support |
BEL BEL | ₹367.1 | -3.10% | -3.1% vs prev close, vol 1.0x avg — flags: drawdown>3% |
BRITANNIA BRITANNIA | ₹4,757.95 | -0.54% | -0.5% vs prev close, vol 1.0x avg |
BSOFT BSOFT | ₹271.8 | -2.25% | -2.2% vs prev close, vol 1.9x avg — flags: below 50DMA support |
CASTROLIND CASTROLIND | ₹196.08 | -0.54% | -0.5% vs prev close, vol 0.7x avg |
CENTRALBK CENTRALBK | ₹30 | -1.41% | -1.4% vs prev close, vol 0.5x avg — flags: below 50DMA support |
DIXON DIXON | ₹12,650 | -2.87% | -2.9% vs prev close, vol 0.8x avg — flags: below 50DMA support |
EXIDEIND EXIDEIND | ₹394.9 | -2.00% | -2.0% vs prev close, vol 0.8x avg — flags: below 50DMA support |
FIRSTCRY FIRSTCRY | ₹168.55 | -2.12% | -2.1% vs prev close, vol 0.2x avg — flags: below 50DMA support |
GMRAIRPORT GMRAIRPORT | ₹88 | -3.83% | -3.8% vs prev close, vol 0.6x avg — flags: drawdown>3%, below 50DMA support |
GODREJCP GODREJCP | ₹864.9 | -0.24% | -0.2% vs prev close, vol 1.0x avg |
HAVELLS HAVELLS | ₹1,040 | -1.84% | -1.8% vs prev close, vol 1.0x avg |
HCLTECH HCLTECH | ₹1,180.75 | -0.26% | -0.3% vs prev close, vol 1.5x avg — flags: below 50DMA support |
HDFCBANK HDFCBANK | ₹692.25 | -1.49% | -1.5% vs prev close, vol 0.9x avg — flags: below 50DMA support |
HINDUNILVR HINDUNILVR | ₹1,842.2 | -1.38% | -1.4% vs prev close, vol 1.0x avg |
INFY INFY | ₹994.15 | +0.21% | +0.2% vs prev close, vol 1.0x avg |
IRCTC IRCTC | ₹449.85 | -0.84% | -0.8% vs prev close, vol 1.1x avg — flags: below 50DMA support |
IREDA IREDA | ₹103.8 | -3.29% | -3.3% vs prev close, vol 1.3x avg — flags: drawdown>3%, below 50DMA support |
ITC ITC | ₹254.05 | -4.24% | -4.2% vs prev close, vol 1.0x avg — flags: drawdown>3% |
ITCHOTELS ITCHOTELS | ₹154.75 | -2.86% | -2.9% vs prev close, vol 1.0x avg — flags: below 50DMA support |
JWL JWL | ₹216.43 | -3.19% | -3.2% vs prev close, vol 0.4x avg — flags: drawdown>3%, below 50DMA support |
KAMATHOTEL KAMATHOTEL | ₹251.72 | -4.25% | -4.2% vs prev close, vol 0.8x avg — flags: drawdown>3% |
LICI LICI | ₹379.5 | -1.71% | -1.7% vs prev close, vol 1.0x avg |
LODHA LODHA | ₹1,065.6 | -3.95% | -3.9% vs prev close, vol 0.9x avg — flags: drawdown>3%, below 50DMA support |
M&M M&M | ₹2,751.2 | -1.74% | -1.7% vs prev close, vol 1.4x avg — flags: below 50DMA support |
MAGADSUGAR MAGADSUGAR | ₹544.65 | -3.14% | -3.1% vs prev close, vol 0.9x avg — flags: drawdown>3% |
MANKIND MANKIND | ₹2,380 | -4.80% | -4.8% vs prev close, vol 1.3x avg — flags: drawdown>3% |
MAXHEALTH MAXHEALTH | ₹876.3 | -3.29% | -3.3% vs prev close, vol 2.2x avg — flags: drawdown>3%, volume>2x avg, below 50DMA support |
NEWGEN NEWGEN | ₹442.3 | -1.02% | -1.0% vs prev close, vol 1.3x avg — flags: below 50DMA support |
NHPC NHPC | ₹71.45 | -1.42% | -1.4% vs prev close, vol 0.6x avg — flags: below 50DMA support |
ONGC ONGC | ₹218.5 | -1.42% | -1.4% vs prev close, vol 1.0x avg |
PRESTIGE PRESTIGE | ₹1,408.7 | -1.79% | -1.8% vs prev close, vol 0.6x avg — flags: below 50DMA support |
PSB PSB | ₹20.82 | -1.05% | -1.0% vs prev close, vol 0.7x avg — flags: below 50DMA support |
RELIANCE RELIANCE | ₹1,178 | -2.46% | -2.5% vs prev close, vol 1.2x avg — flags: below 50DMA support |
SBIN SBIN | ₹940 | -1.47% | -1.5% vs prev close, vol 0.9x avg — flags: below 50DMA support |
TATASTEEL TATASTEEL | ₹171.5 | -2.28% | -2.3% vs prev close, vol 1.0x avg |
TCS TCS | ₹2,075.25 | -0.42% | -0.4% vs prev close, vol 2.7x avg — flags: volume>2x avg, below 50DMA support |
TMPV TMPV | ₹273.25 | -3.72% | -3.7% vs prev close, vol 0.6x avg — flags: drawdown>3%, below 50DMA support |
ULTRACEMCO ULTRACEMCO | ₹10,465 | -2.14% | -2.1% vs prev close, vol 1.3x avg — flags: below 50DMA support |
VBL VBL | ₹432 | -1.99% | -2.0% vs prev close, vol 0.9x avg |
VMM VMM | ₹97.2 | -2.95% | -2.9% vs prev close, vol 9.6x avg — flags: volume>2x avg, below 50DMA support |
WIPRO WIPRO | ₹158.6 | -0.50% | -0.5% vs prev close, vol 0.6x avg — flags: below 50DMA support |