Stock Market LIVE: Sensex Flat, Nifty Holds 25,200; Media, Pharma, PSU Banks Drag — Tata Chemicals Surges 3%

The Indian stock market is trading flat in early trade on Tuesday, with the Sensex hovering around 82,260 and the Nifty 50 steady near 25,200.

Weakness in media, pharma, consumer durables, PSU banks, and telecom (each down around 0.5%) offset modest gains in energy, metals, and oil & gas stocks.

Major gainers on the Nifty include ONGC, HCL Technologies, Infosys, Tech Mahindra, and Bharat Electronics, while Dr Reddy’s Labs, Maruti Suzuki, Axis Bank, Tata Motors, and Bajaj Finance are among the top laggards.

Midcap and smallcap indices are also trading marginally lower, reflecting cautious investor sentiment.

Tata Chemicals Rises 3% — Best in 11 Weeks

Tata Chemicals gained over 3% to ₹939.70, hitting its highest level in nearly three months. The stock traded with volumes 52% higher than its 5-day average.

It’s currently 24% below its 52-week high of ₹1,244.70 and 24% above its low of ₹756.45, with a market cap of ₹23,939 crore.

Brokerage Update | Nuvama Cuts Target for Just Dial

Nuvama Institutional Equities has retained a ‘Buy’ rating on Just Dial but trimmed its target price to ₹1,200 after a weak Q2 performance.

The brokerage cited higher employee and ad expenses that impacted margins, reducing FY26/FY27 EPS estimates by up to 5.8%.

Prestige Group Launches ₹2,000 Cr Housing Project in Mumbai

Prestige Group has launched its new residential project — Prestige Garden Trails — at Dahisar–Mira Road, Mumbai.

The 5.2-acre project offers 1,324 residential units with a Gross Development Value (GDV) of around ₹2,000 crore and 1 million sq. ft. carpet area.

Currency Check | Rupee Trades Weaker at 88.78

The Indian rupee is trading slightly lower at ₹88.78 per US dollar, compared to Monday’s close of ₹88.67.

Top Gainers — 52-Week Highs

Several stocks on the BSE 500 hit fresh 52-week highs:

Anand Rathi – ₹3,170

MCX India – ₹9,457

RBL Bank – ₹299

L&T Finance – ₹268

Eternal – ₹351

Govt Panel Backs 49% FDI in Nuclear Power

An inter-ministerial panel has proposed allowing up to 49% foreign direct investment (FDI) in India’s nuclear power sector, alongside reforms in liability norms, as part of a roadmap to achieve 100 GW capacity by 2047.

Tata Electronics Acquires Justech’s India Unit

Tata Electronics has acquired the India operations of Chinese iPhone supplier Justech in a $100 million deal, strengthening its electronics manufacturing footprint.

LG Electronics India Makes Blockbuster Market Debut

LG Electronics India made a strong stock market debut, listing at a 50% premium over its IPO price of ₹1,140.

The issue was subscribed 54 times, backed by global institutional investors and sovereign wealth funds. Experts suggest booking partial profits after the stellar listing, with a stop-loss near ₹1,400.

Oil India Signs Long-Term Gas Deal with NEEPCO

Oil India Ltd has signed a 15-year Gas Sale and Purchase Agreement with NEEPCO, ensuring the supply of 1.4 MMSCMD of gas to its Assam power plant. The company also completed upgrades to the Numaligarh–Siliguri Product Pipeline, tripling its capacity to 5.5 MMTPA.

Tata Motors PV Business Lists at ₹400 per Share

Following its demerger, Tata Motors Passenger Vehicles Ltd listed on the NSE at ₹400 per share.

Eligible shareholders received one share of the new entity for every Tata Motors share held.

Corporate Buzz

KFin Technologies completed a $34.6 million deal to acquire a 51% stake in Ascent Fund Services, becoming its sole promoter.

Eicher Motors’ Chief Growth Officer (EV), Mario Alvisi, has resigned, effective December 31, 2025.

SEBI has imposed a ₹3 lakh penalty on 5Paisa Capital for violations in its Online Bond Platform operations.

Market Snapshot @10:00 AM

Index Level Change

Sensex 82,260 -66 pts (-0.08%)

Nifty 50 25,217 -9.7 pts (-0.04%)

Advances 1,478

Declines 1,760

Unchanged 164

Summary:

Indian markets opened flat on October 14 as investors weighed corporate results, global cues, and sectoral weakness in media and pharma. Tata Chemicals led gainers, LG Electronics India made a blockbuster listing, and policy developments like proposed 49% FDI in nuclear energy added momentum to mid-session trade.