Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
What data points and transformations do you want to see?
We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day.
Beyond the headline indices, we’re now tracking market breadth, new highs and lows, sector and thematic performance, delivery data, F&O positioning, global markets, commodities, flows, and more. We’re also looking at ways to transform this raw data into insights that are actually useful for traders and investors.
The idea is simple: bring different datasets together in one place to give you a clearer picture of what’s happening beneath the surface of the market.
This is still a work in progress, and we’d love your feedback. What data points are we missing? What transformations, ratios, comparisons, or indicators would you find useful? Also tell us what worked, what didn’t, and what felt unnecessary.
Your feedback will help shape the Aftermarket Report from here.
Markets Today
Nifty opened with a 48-point gap down at 22,732, continuing the recent weak trend in domestic markets. Selling pressure intensified immediately after the open, with the index sliding sharply below 22,625 and touching an intraday low near 22,575 within the first hour.
Nifty remained under pressure around the 22,580–22,620 zone through much of the morning before staging a sharp recovery after 11 AM. The rebound gathered pace, taking the index above 22,700 and eventually towards 22,750 around noon.
The recovery lost some steam after midday, with Nifty briefly falling back towards 22,630, before settling into a volatile range between 22,640 and 22,700 through most of the second half. Buying picked up again in the final hour, helping the index climb back above 22,700. Nifty eventually closed at 22,716.20, just 16 points below its opening level, recovering nearly 140 points from the day’s low after another volatile session.
Fear & Greed Index
The Fear & Greed Index slipped further from 21 to 17, remaining in extreme fear. Weak market trends, bonds outperforming equities and increasingly bearish foreign positioning weighed on sentiment.
Market Breadth
Breadth remained weak with 1,352 decliners versus 949 advancers, while the average Nifty 500 stock fell more than the index. Just 18.5% of Nifty 500 stocks are above their 50-day average, with 60 stocks at 52-week lows against only two highs.
52 Week Highs & Lows
Sectoral Indices Performance
Metals (+0.78%) led while Consumer Durables (-2.71%) lagged, with only four of 15 sectors gaining. Pharma, Media and Metals lead over both 20 and 60 sessions, while Pharma is the only sector above all four key moving averages.
Winners & Losers
Kirloskar Oil Engines jumped 12.18% on 13× usual volume, while Honasa Consumer and PB Fintech saw sharp high-volume declines. BSE recorded a major delivery spike, with 75% delivery on ₹9,579 crore of turnover.
Delivery Data
Global Markets
Commodities
Institutional Flows & Participant Positioning
FIIs are particularly bearish, with just 8.6% of index-futures positions long, while eight of the 12 biggest single-stock OI moves were short buildups.
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
F&O Corner
Options price a roughly 307-point move either way into October 6 expiry, with PCR improving from 0.71 to 0.89 as put writers became more active.
Top Stories in India
India’s real estate sector attracted a record $9.5 billion in equity investment in Q3 2026, more than double the $4.4 billion recorded a year earlier. Foreign and institutional investors drove the surge, with inflows also sharply higher than Q2’s $3.8 billion, according to CBRE. Dive deeper
The US has included India among 20 jurisdictions eligible for zero tariffs on specified specialty pharmaceutical products and ingredients under its Section 232 framework. The exemption is subject to conditions laid out in the relevant presidential proclamation. Dive deeper
Scheduled commercial bank credit grew 19.3% YoY in July, a 26-month high, taking outstanding credit to ₹220.8 lakh crore. Industry loans led growth at 21.6%, followed by services at 21.2%, while personal loans grew 16.6%. Dive deeper
Nuvoco Vistas will acquire a 26% stake in a CleanMax SPV developing a hybrid renewable-energy project at Bhikamkhore, Rajasthan. The investment will help secure renewable power for the cement maker. Dive deeper
Subway’s India operator EverBrands has filed its DRHP with SEBI for a ₹600 crore IPO consisting entirely of fresh shares, with no offer-for-sale. Its portfolio also includes Lavazza, Dilmah and Fresh & Honest. Dive deeper
Top Stories Globally
Crude oil fell below $91 per barrel as markets assessed ongoing diplomatic efforts to ease Middle East tensions. US and Iranian officials continued indirect discussions through mediators including Qatar, though doubts over a near-term agreement persisted. Dive deeper
Essar-backed Mesabi Metallics plans an $18 billion investment in the US, including a proposed $15 billion steel complex in Iowa and around $3 billion in Minnesota iron-ore operations. The project targets 10 million tonnes of annual steel capacity by 2030. Dive deeper
OpenAI has reportedly shelved the planned release of GPT-6.1 Astra after internal testing found it did not meet safety and alignment standards. Tests reportedly showed higher deceptive behaviour than its predecessor. Dive deeper
Anthropic is reportedly targeting a valuation of more than $2 trillion in its IPO, after 2025 revenue surged 12-fold to nearly $4.6 billion. However, the company reported a net loss of nearly $42 billion and disclosed substantial long-term computing and infrastructure commitments. Dive deeper
The dollar strengthened toward multi-month highs as volatile oil prices and rising Treasury yields supported the currency. The euro fell as much as 0.32% to $1.13325, a three-month low, amid the global energy shock and political uncertainty in Europe. Dive deeper
Management Chatter
In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.
Dr. Poonam Gupta, Deputy Governor, RBI on the recent relative lag in domestic equity markets:
“The equity markets, on the other hand, have not tracked the same optimism. This is plausibly because of a relatively more promising AI-led story in certain other economies. While the Indian equity market witnessed an exceptional run of its own, roughly from June 2022 to September 2024, some other economies are having a better run now. Eventually, the promise of the underlying real economy would reassert itself. Going by past experiences, it is only a matter of time before Indian equities look relatively more attractive again.” - Link
O. P. Sinha, Director (Exploration) of ONGC on domestic gas discoveries:
India currently imports nearly 50% of its natural gas requirements. Discovering substantial domestic gas volumes is critical for import substitution. Furthermore, the country aims to raise the share of natural gas in its primary energy mix from the current 6%–7% to 15% by 2030. This discovery and our forward exploration work program will directly support achieving that 15% target by 2030. - Link
The week ahead & Corporate Actions
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
In our latest episode of In The Money by Zerodha, we cover four major factors beyond momentum: Value, Quality, Low Volatility, and Size.
We look at how each factor is measured, the research behind them, and how they are represented through Indian market indices.
Finally, we compare how these factors have performed over a recent period, look at why different factors can behave differently, and discuss the difficult question of whether factors can actually be timed.
That’s it from us for today. We’d love to hear your feedback in the comments, and feel free to share this with your friends to spread the word!
Can you release the aftermarket reports early at 7pm.
When will you bring back the data with price and percentage change, this format is good but old one was every easy to understand please bring back the price change format. This format is also good.