The Indian stock market witnessed a positive opening on Monday, September 29, 2025, after several sessions of negative performance. Both the Sensex and Nifty 50 indices started the day in the green, driven by gains in IT, oil & gas, and metal stocks. However, a sharp drop in FMCG counters limited the upside in the morning.
The BSE Sensex opened over 100 points higher at 80,588, reflecting a 0.20 percent increase. Similarly, the Nifty 50, the 50-scrip index, opened 73 points higher at 24,728.55, marking a 0.29 percent rise.
Top Performers and Losers
Among the top gainers were BEL (Bharat Electronics Limited), Eternal, Titan, and Tata Steel. On the other hand, HUL (Hindustan Unilever Limited), Axis Bank, and Maruti Suzuki were among the top losers.
Sectoral Performance
Most sectoral indices traded higher, with PSU banks, oil & gas, energy, and metals leading the gains. Realty, healthcare, and IT sectors also showed advancement, indicating broad market strength. In contrast, the FMCG and consumer durables sectors experienced mild declines, suggesting selective profit booking within defensive stocks.
Market Breadth
Despite the positive opening, the broader market reflects some underlying concerns. As of today, nearly two-thirds of the Nifty 500 stocks are trading below their levels from a year ago. Indian equities have faced challenges since their decline from record highs in September 2024, influenced by global conflicts, tariff shocks, and persistent foreign selling. The Nifty 50 is still about 6.8% below its peak.
Stock Analysis: BEL and Eternal
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BEL (Bharat Electronics Limited):
BEL's share price experienced a downturn of -1.80% from its previous close, settling at ₹395.90. Despite this recent dip, the stock has shown significant growth over the past year, with a 36.24% increase. The company has a "zero debt burden" over the last five years. However, the company witnessed a QoQ revenue decline of 50.74%, which is the lowest in the last 3 years. Analysts' opinions on Bharat Electronics Limited future price estimate a maximum of ₹550.00 and a minimum of ₹246.00. * Eternal:
Eternal Ltd witnessed a share increase of 2%. The Economic Times reported that Eternal shares rose 2% as Zomato hiked platform fee to Rs 12 ahead of the festive season. JM Financial has a "Buy" recommendation for Eternal with a target price of ₹280. Similarly, ICICI Securities also recommends a "Buy" with a target price of ₹310.
Overall Market Sentiment
The Indian equity markets had a lackluster performance the previous week, with declines across various sectors. Vinod Nair, Head of Research at Geojit Investments, noted that the IT sector faced setbacks due to concerns regarding increasing H-1B visa expenses, which was further exacerbated by Accenture's cautious forecast. New US tariffs on pharmaceutical goods also triggered a downturn in pharmaceutical stocks. Smaller and mid-cap stocks experienced more substantial declines than large-cap stocks, indicating strains from their elevated valuations.
IPO Market Defies Slump
Despite the challenges in the secondary markets, India's IPO market has been remarkably active. Between October 2024 and September 2025, 86 IPOs collectively raised ₹1,70,897 crore—almost double the amount raised during the same period the previous year.
Concluding Remarks
While the Indian stock market showed a positive opening today, investors should remain cautious. Factors such as global economic conditions, US visa restrictions, and tariff implications could influence market dynamics. Disciplined investment strategies and consultation with certified experts are advisable.
