Sensex Today | Stock Market LIVE Updates: Salzer Electronics up 12%; Nifty rises towards 25,200

JSW Cement commissions new Sambalpur unit, capacity rises to 21.6 mtpa

Metro projects progressing as planned with strong push to meet deadlines.Maharashtra Chief Minister sets annual targets to ensure timely execution.Metro Line 10 and Line 13 to be opened for bidding soon.Topline target of ₹6,500–6,600 crore remains on track.Q2 performance aligns with stated goals.Titagarh Rail Systems – Umesh Chowdhary, Vice Chairman & MD:Railway orders aimed at debottlenecking rail movement.Initiative focused on achieving 3 billion tonnes of rail cargo movement.Ongoing track expansion to enhance capacity for rolling stock deployment.Capacity in place to produce 1,000 wagons per month.Operations at sole wheelset supplier in Bengaluru faced disruptions but are getting back on track.Tapping opportunities in both metro and Vande Bharat projects.

Laurence Balanco of CLSA, speaking on CNBC-TV18, highlighted that the key support for Nifty lies in the 24,000–24,300 range, maintaining a bullish outlook with a year-end target of 26,300.

Salzer Electronics surges nearly 12% on patent win for high-voltage device

Shares of Anant Raj Ltd, a New Delhi-based real estate company, slipped over 3% on Wednesday following the announcement of a qualified institutional placement (QIP).The company plans to raise up to ₹1,100 crore, with the indicative price likely set at a 4% discount to the current market price (CMP).

IT stocks buzzing in trade in a muted market, Nifty IT top sectoral index

Vedanta shares in focus ahead of NCLT hearing on demerger

Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are in focus on Wednesday, October 8, ahead of the final hearing at the National Company Law Tribunal (NCLT) with regards to its proposed demerger.

On September 17, a Vedanta spokesperson had told CNBC-TV18 that SEPCO had withdrawn its intervention application, and that the Ministry of Petroleum and Natural Gas (MoPNG) made its representation during the previous proceedings at the NCLT.

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SBI Cards up nearly 2% after RBI releases draft guidelines for the credit risk capital framework

IGL up over 1% on positive brokerage note

Titan shares up over 3% on strong Q2 update

Market opens lower, Nifty near 25,100, PSU Banks in focus

Gaurav Malhotra, Executive Director, Axis Capital, on CNBC-TV18:Positive on Bharti Airtel, expecting good visibility of earnings growth over the next 2–3 years.The stock is attractive despite not being cheap relative to historical and peer valuations.Monitor Airtel Black subscriptions and ARPU data usage to track Bharti’s subscriber premiumisation story.Expect a 10–12% tariff hike between December 2025 and June 2026.

In an interview with CNBC-TV18, MoSPI Secretary Saurabh Garg stated that India’s next base year revisions for GDP, CPI, and IIP will greatly broaden the base and coverage of sectors, especially if the government has access to more detailed data.

Rupee opens at 88.75/$ vs Tuesday’s close of 88.77/$

Anand Agarwal, CFO, V-Mart Retail, on CNBC-TV18:Festive season impact expected to continue in Q2 and Q3.Sales growth of 17–23% is anticipated.GST impact for value retailers will be very limited.Company plans to experiment with expanding the range in the ₹1,000+ segment.New store additions may exceed overall guidance.An 11% same-store sales growth this quarter is expected to support bottom-line expansion.Overall, mid-to-high single-digit same-store sales growth is projected for FY26.UBS on Canara Bank Ltd:Brokerage firm UBS has initiated coverage on the state-run Canara Bank with a “Buy” recommendation on Wednesday, October 8.The price target is set at ₹150, implying a potential upside of 17% from Tuesday’s closing levels.Canara Bank is well positioned for steady loan growth, supported by easing sector headwinds, higher liquidity, and a lower loan-to-deposit ratio (LDR).UBS noted, “While near-term margins could remain under pressure due to declining interest rates, we expect gradual improvement over FY27-28, led by repricing of deposits and a higher mix of Marginal Cost of Fund Based Lending (MCLR) loans.”

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Here’s a list of stocks in focus going into trade today

Here’s how the global market cues are placed this morning

Neeraj Seth, Founder & CIO of 3R Investment Management, on CNBC-TV18:The government is preparing to intervene in escalating tensions within Tata Trusts, which holds a majority stake in Tata Sons, sources close to the Tata Group told CNBC-TV18.Tata Trusts Chairman Noel Tata and Tata Sons Chairman N. Chandrasekaran are expected to meet senior government officials, including top Cabinet ministers, to discuss the ongoing governance crisis. The move comes amid concerns that the internal rift could impact the functioning of Tata Sons and the wider Tata Group.A source close to the group said, “The government cannot be a silent spectator to the coup attempt by four trustees of Tata Trusts.” The Centre is reportedly closely monitoring developments.The four trustees — Darius Khambata, Jehangir HC Jehangir, Pramit Jhaveri, and Mehli Mistry — are accused of attempting to undermine Noel Tata’s leadership, functioning as a “super board” within the trust.

UBS on PSU Banks

CLSA On banksNomura on City Gas Distribution Companies (CGDs):The current 15% VAT rate may be replaced by a 2% Central Sales Tax (CST), suggesting a sizable margin upside for IGL.Assuming CGDs retain all lower tax benefits, the estimated unit EBITDA impact is ₹1.36 per scm for IGL and ₹0.36 per scm for MGL, translating to an absolute EBITDA benefit of 22% for IGL and 4% for MGL.Indraprastha Gas Ltd (IGL) – Neutral, target price ₹225.Mahanagar Gas Ltd (MGL) – Buy, target price ₹1,580.Nomura prefers MGL due to its attractive valuation, leading volume growth, and strong margin profile.Shares of the Indian travel technology company, Le Travenues Technology Ltd, the parent company of travel platform Ixigo, are in focus on Wednesday, October 8, after the company notified stock exchanges about a potential stake sale.An unnamed investor is reportedly looking to acquire up to 16% of the company, either directly or through affiliates, via secondary acquisitions.Le Travenues clarified that no definitive agreements or binding arrangements have been made so far, keeping the transaction in a preliminary stage.

Nomura has a Buy rating on Lodha Developers with a ₹1,450 target.Q2 FY26 presales came in in line with estimates.The company has achieved 43% of its FY26F presales guidance in 1H FY26, within the 42%-45% range indicated during the Q1 FY26 earnings call.Lodha maintains its FY26E presales guidance of ₹210 billion, expecting ~₹120 billion in 2H FY26E, representing a 29% year-on-year increase versus 2H FY25.The target is supported by a robust launch pipeline of over ₹100 billion planned for 2H FY26E.

HSBC on Avenue SupermartNomura on Tata Motors:Neutral rating with a target price of ₹732.For Q2 FY26F, Jaguar Land Rover (JLR) EBIT margin is expected around 1%, potentially declining to 0.9%.Volume disruptions could reduce JLR free cash flow (FCF) by GBP 750 million, with recovery anticipated as production ramps up.Tata Motors stock is currently trading at 4.9x FY27F EV/EBITDA.

MS on Titan

OW, TP ₹3953

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Sensex Today | Stock Market LIVE Updates: Salzer Electronics up 12%; Nifty rises towards 25,200