Daily Market Update - 09th October 2026 - Ventura Securities Ltd
Market Outlook: Indian markets are expected to open positive, with Gift Nifty up 115 points (+0.52%) at 22,370, despite weak global cues as S&P 500 declined 0.47% and Nasdaq 100 fell 1.39%. The domestic market witnessed a sharp sell-off on 8th October, with Nifty declining 1.64% to 22,232 and Sensex falling 1.44%, while India VIX surged 10.19% to 15.3. Nifty has formed a fresh 52-week low of 22,180, with 22,400 as the immediate resistance and 22,180 as a critical support; a break below this level could open downside towards 22,000–21,700. Elevated crude at above $104/bbl, rupee weakness near Rs 96.8/$ and G-sec yields around 7.25% remain key macro headwinds.
FII & DII Activity: FII selling intensified sharply on 8th October, with FIIs selling Rs 12,943.6 crore, more than double the previous session’s outflow. DIIs bought Rs 10,703.1 crore, but were still unable to fully absorb the foreign selling, resulting in a net institutional outflow of Rs 2,240.5 crore. Persistent FII selling, along with rupee depreciation and elevated global yields, remains the key overhang for domestic equities, although continued DII buying is providing some support.
Sector Activity: The sell-off was broad-based, with Nifty Metal declining 3.55%, Realty 3.16%, Energy 2.83%, Auto 2.49%, Pharma 2.37%, Consumer Durables 2.01%, Chemicals 1.76% and Banking 0.98%. IT was relatively resilient, declining only 0.08%. Metal was the weakest major sector, led by Adani Enterprises (-5.36%) and JSW Steel (-4.46%), while Realty was dragged by Anant Raj (-4.60%) and Oberoi Realty (-4.19%).
Long, Short, Long Unwinding & Short Covering: Long build-up was seen in ICICI Lombard (+5.4% OI, +2.1% price), Sagility (+3.3%, +0.6%), LTM (+0.9%, +0.3%), HDFC Life (+0.6%, +0.2%) and Infosys (+0.2%, +0.7%). Short build-up was prominent in Anand Rathi Wealth (+137.9% OI, -1.7% price), Ujjivan SFB (+40.3%, -3.8%), Enr India (+10.1%, -5.1%), Mankind (+6.4%, -4.8%) and Adani Green (+2.2%, -8.0%). Long unwinding was witnessed in Jubilant FoodWorks, Inox Wind, Paytm, Motilal Oswal and Godfrey Phillips, while short covering was seen in LIC Housing Finance, SRF, PNB Housing Finance, Mphasis and PNB. Overall, derivatives positioning remained decisively defensive, with 122 stocks witnessing fresh short build-up versus only 5 fresh long build-ups.
Top 5 News:
TCS: Q2 FY27 revenue increased 11.2% YoY to Rs 73,188 crore, while net profit rose 4% QoQ to Rs 13,884 crore. Constant-currency growth was 0.5% QoQ, operating margin stood at 24%, deal wins reached US$9.6 billion and annualised AI revenue crossed US$3.1 billion. TCS also declared a Rs 12/share dividend.
Brigade Enterprises: The company announced an investment of around Rs 40,000 crore over three years for a 40 mn sq. ft. development pipeline spanning residential, commercial, retail, hospitality and warehousing. It also secured licences for three World Trade Centres in Devanahalli, Whitefield and Coimbatore.
Jubilant Pharmova: Subsidiary Jubilant Draximage announced a CAD94.5 mn investment to modernise and expand its Kirkland, Québec facility, which will double RUBY-FILL production capacity. The project also has CAD23.8 mn of Canadian government support, with the expansion aimed at supporting growing demand for radiopharmaceuticals.
NCC: The company received a Rs 1,286 crore order from Hyderabad Growth Corridor Ltd for Package 1 of Telangana’s Radial Road-2. The project involves construction of the Budwel–Shabad stretch connecting the Outer Ring Road near Budwel to Nacharam on NH-167N, with an execution period of 18 months.
KEC International: KEC secured new orders worth rs 1,030 crore, taking FY27 YTD order intake above 8,600 crore. Orders include transmission projects in Bhutan and Saudi Arabia, tower/hardware supplies in the Americas, a 300+ MW wind project in India and additional cable and conductor orders across domestic and overseas markets.
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