Closing Bell: Sensex soars by 716 points, Nifty at 24,836.30 after RBI policy announcement; Tata Motors top gainer

This Wednesday’s session snapped the eight-day declining streak of the Indian benchmark indices, as investors’ sentiment rose due to the Reserve Bank of India’s monetary policy announcement that day. RBI kept the repo rate steady at 5.5% after the Monetary Policy Committee (MPC) meeting. The MPC, led by RBI governor Sanjay Malhotra, also chose to keep its neutral stance. 

The BSE Sensex ended on a strong note, rising 715.69 points or 0.89% at 80,983.31, and the NSE Nifty50 was up 225.20 points or 0.92% at 24,836.30. 

Tata Motors emerged as the top gainer, as the anticipated demerger came into effect today. According to an exchange filing, the auto company announced the record date of October 14 to ascertain the eligibility of shareholders for the issuance of shares for the demerged commercial vehicles business. With this demerger, the commercial and passenger vehicles businesses will become two listed entities. 

The passenger vehicles arm will be absorbed into Tata Motors Limited and will be renamed Tata Motors Passenger Vehicles Ltd (TMPVL). The commercial vehicles unit will be listed in November as Tata Motors Ltd (TML). Tata Motors soared by 5.61% in today’s trade, with shares priced at 718.35 apiece. This rise comes as a relief after the Jaguar Land Rover cyberattack fiasco, as production was halted for nearly a month. 

Shriram Finance too soared by 5.16%, followed by Kotak Mahindra Bank, which also rose by 3.76%. Trent reversed its downward swing in today’s session, rising by 3.54%. Adani Enterprises also advanced by 3.53%, after the company’s subsidiary, Adani Road Transport Limited (“ARTL”), executed a share purchase agreement on 30th September, 2025, acquiring a 100% stake in Yashodhan Highways Private Limited (YHPL) and KN Highways Development Private Limited (KNHDPL) from DRN Infrastructure Private Limited (DRN).

On the other hand, Bajaj Finance and the State Bank of India were the top laggards, each declining by 1.16% and 0.83%. UltraTech Cement also dipped by 0.79%. 

All sectoral indices except Nifty PSU Bank ended in the green, with Nifty Media being the top performer, advancing by 3.97%. Nifty Bank, Nifty Financial Services and Nifty Healthcare also rose by 1.3% each. 

The broader indices, too, reflected positive sentiment as seen in the benchmark indices, with the Nifty Midcap50 and the Nifty Smallcap50 rising by nearly 1% each. India VIX cooled off by a staggering 7% to 10.29. 

On Thursday, the markets will be closed on account of Dussehra and Gandhi Jayanti. Trading will resume on Friday, October 3.