Daily Market Update - 07th October 2026 - Ventura Securities Ltd
Market Outlook: Indian markets closed strongly on 6th October, with the Nifty 50 rising 0.98% to 22,776 and the Sensex gaining 0.95% to 73,068. The positive momentum was supported by broad-based participation, with 2,453 advances against 1,125 declines on NSE, while Midcap and Smallcap indices gained 1.08% and 1.41%, respectively. Global cues remain supportive as the S&P 500, Dow Jones and Nasdaq 100 gained 0.58%, 0.49% and 0.48%, respectively, while Gift Nifty is indicating a positive opening at 22,800, up 0.11%. India VIX declined 8.26% to 14, indicating lower near-term volatility. The key domestic trigger today is the RBI MPC decision at 10 AM, with markets largely pricing in a 25-bps hike; the stance and inflation guidance will be more important for market direction. Nifty OI is concentrated at 22,700 Calls and 22,800 Puts, with PCR at 1.12.
FII & DII Activity: Foreign investors remained net sellers on 6th October, selling Rs 2,961 crore, while domestic institutions bought Rs 5,089 crore. This takes October FII outflows to approximately Rs 17,145 crore in three sessions, while DII purchases have reached Rs 20,312 crore. Strong DII buying continues to provide a cushion to the market and is currently absorbing a significant portion of foreign selling. However, sustained FII outflows, the weaker rupee at Rs 96.42/$ and elevated crude prices remain key risks for market liquidity and valuations.
Sector Activity: Sectoral performance remained broadly positive, led by Nifty Chemicals (+1.98%), Pharma (+1.66%), Oil & Gas (+1.57%), Private Banks (+1.41%), FMCG (+1.40%), India Manufacturing (+1.33%) and Consumer (+1.19%). Financial Services gained 1.17%, Healthcare 1.04%, Energy 0.87% and Metals 0.82%. Auto and Consumer Durables rose 0.47% and 0.73%, respectively. IT was the key laggard, declining 0.59%, while PSU Banks slipped 0.08%. The strongest individual sector drivers included Deepak Fertilisers (+6.65%) and Deepak Nitrite (+4.01%) in Chemicals, Wockhardt Pharma (+5.35%) and Laurus Labs (+3.99%) in Pharma, and Kotak Bank (+3.82%) and IndusInd Bank (+2.20%) in Banks.
Long, Short, Long Unwinding & Short Covering: Long build-up was strongest in Anand Rathi Wealth (+41.7% OI), Motilal Oswal Financial Services (+6.1%), Tube Investments of India (+5.2%), BHEL (+3.0%) and PG Electroplast (+2.9%). On the short side, Ujjivan Small Finance Bank saw the highest build-up at +27.0%, followed by Enrin (+10.4%), Apollo Hospitals (+6.3%), Jindal Steel (+4.0%) and Phoenix Mills (+3.9%). Long unwinding was visible in Coforge (-4.0%), Kalyan Jewellers (-3.6%), Bandhan Bank (-0.9%), Coal India (-0.4%) and Federal Bank (-0.4%). Short covering remained strongest in Kalyan Jewellers (-7.6%), followed by Blue Star (-0.6%), AU Bank (-0.7%), Nykaa (-0.5%) and BSE (-0.5%).
Top 5 News:
1. Gabriel India: Signed a JV agreement with Faurecia Automotive Seating India, part of FORVIA, to manufacture seat frames and complete passenger-vehicle seats. Gabriel will hold 49.99%, while Faurecia will hold 50.01% and control the venture. Gabriel's investment is approximately Rs 50 crore, with closing expected by end-2026, subject to approvals.
2. Adani Power: Signed a shareholders' agreement with Bhutan's Druk Green Power Corporation for the 770 MW Chamkharchhu-I hydroelectric project. Adani Power will hold 49%, with DGPC holding 51%. The project will operate under a 30-year BOOT concession, with construction expected to begin in H1 CY27 and commissioning targeted six years after groundbreaking.
3. Titan Company: Consumer businesses grew approximately 25% YoY in Q2 FY27, with domestic operations growing 22%. Jewellery grew 21%, watches 30% and EyeCare 28%, while international growth reached 97%. Titan added 78 net stores, taking its combined consumer retail network to 3,758 stores.
4. Trent: Q2 FY27 standalone revenue increased 23% YoY to Rs 5,788 crore, while H1 revenue reached Rs 11,454 crore, up 21% YoY. During Q2, Trent added 17 net Zudio stores and 10 Westside stores, taking its total portfolio to 1,342 stores. Zudio also opened its 1,000th store during the quarter.
5. Max Estates: Q2 FY27 pre-sales reached approximately Rs 2,100 crore, up 1,246% YoY from Rs 156 crore, taking H1 pre-sales to around Rs 3,200 crore. The company sold 274 units versus 24 units a year earlier, while Q2 customer collections stood at approximately Rs 560 crore. Estate 361 contributed Rs 962 crore of quarterly bookings and Max One contributed Rs 584 crore.
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