Except pharma, all sectoral indices ended in the red. Nifty bank, auto, energy, FMCG, metal and PSU bank were down 1-3 percent
![Amid weak global cues, Indian benchmark indices Nifty and Sensex ended sharply lower on October 3. At close, Sensex was down 638 points or 1.18 percent lower at 56,788. Nifty ended the day 207 points lower at 16,887. Amid weak global cues, Indian benchmark indices Nifty and Sensex ended sharply lower on October 3. At close, Sensex was down 638 points or 1.18 percent lower at 56,788. Nifty ended the day 207 points lower at 16,887.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Indian equity benchmarks ended sharply lower on October 3 amid weak global cues and deepening fears of a recession. At close, Sensex was down 638 points or 1.18 percent at 56,788. The Nifty ended the day 207 points or 1.2 percent lower at 16,887.
![Nykaa | CMP: Rs 1304.55 | The scrip surged 2.5 percent after the company announced 5:1 bonus share issue. This means, those holding one share of Nykaa will be entitled to five shares of the company during the bonus issue. The company has fixed November 3 as the record date for the purpose of determining members eligible for the bonus equity shares. Nykaa | CMP: Rs 1304.55 | The scrip surged 2.5 percent after the company announced 5:1 bonus share issue. This means, those holding one share of Nykaa will be entitled to five shares of the company during the bonus issue. The company has fixed November 3 as the record date for the purpose of determining members eligible for the bonus equity shares.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Nykaa | CMP: Rs 1304.55 | The scrip surged 2.5 percent after the company announced a 5:1 bonus share issue. Those holding one share of Nykaa will be entitled to five shares during the bonus issue. The company has fixed November 3 as the record date for determining members eligible for the bonus equity shares.
![Oil & Natural Gas Corporation Oil & Natural Gas Corporation](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
ONGC | CMP: Rs 132 | Shares of the oil driller rose 4.5 percent after the government reduced the windfall tax on domestically produced crude oil over the weekend. Earlier, it was Rs 10,500 a tonne and now it is Rs 8,000. For CLSA, the stock remains a top ‘buy’ with 55-65 percent potential upside and double-digit dividend yields.
![Gokaldas Exports: Abu Dhabi Investment Authority buys 2.47% stake in Gokaldas Exports. Abu Dhabi Investment Authority acquired 15 lakh equity shares in the company at an average price of Rs 349.75 per share, however, Clear Wealth Consultancy Services LLP sold 15 lakh shares at same price. Gokaldas Exports: Abu Dhabi Investment Authority buys 2.47% stake in Gokaldas Exports. Abu Dhabi Investment Authority acquired 15 lakh equity shares in the company at an average price of Rs 349.75 per share, however, Clear Wealth Consultancy Services LLP sold 15 lakh shares at same price.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Gokaldas Exports | CMP: Rs 366 | The scrip advanced 5 percent. On September 30, the Abu Dhabi Investment Authority acquired 15 lakh equity shares in the company at an average price of Rs 349.75 a share. Speaking to CNBC-TV18, managing director Sivaramakrishnan Ganapathi said, “Opportunity for Indian textile sector is huge in the exports market. We are witnessing orders shift from China to India due to low-cost structures and US curbs.”
![Lupin | CMP: Rs 722.60 | The company share price added more than 6 percent on October 3 as it has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for its Ankleshwar manufacturing facility, located in Gujarat, India. The inspection of the facility was conducted from August 16-19, 2022. Lupin | CMP: Rs 722.60 | The company share price added more than 6 percent on October 3 as it has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for its Ankleshwar manufacturing facility, located in Gujarat, India. The inspection of the facility was conducted from August 16-19, 2022.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Lupin | CMP: Rs 722.60 | The company share price added more than 6 percent on October 3 after it received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Ankleshwar manufacturing facility in Gujarat, India. The inspection of the facility was conducted from August 16-19, 2022.
![Mahanagar Gas: Mahanagar Gas Q1 profit falls 9.3% YoY to Rs 185 crore impacted by higher cost of natural gas. Revenue increases 139% YoY. The company reported a 9.3% year-on-year decline in profit at Rs 185.20 crore for the quarter ended June FY23 impacted by higher cost of natural gas. Revenue grew significantly by 139% YoY to Rs 1,593.2 crore during the June FY23 quarter. Mahanagar Gas: Mahanagar Gas Q1 profit falls 9.3% YoY to Rs 185 crore impacted by higher cost of natural gas. Revenue increases 139% YoY. The company reported a 9.3% year-on-year decline in profit at Rs 185.20 crore for the quarter ended June FY23 impacted by higher cost of natural gas. Revenue grew significantly by 139% YoY to Rs 1,593.2 crore during the June FY23 quarter.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Mahanagar Gas | CMP: Rs 806 | Shares of the city gas distributor declined 3 percent after the government hiked natural gas prices by 40 percent over the weekend. This price hike could put pressure on the margins of gas distribution companies and even impact sales volume and the pace of expansion.
![Suzlon: The State Bank of India (SBI) has disclosed a typographical error in its earlier disclosure which claimed Suzlon promoter had created an additional pledge of 5.53 percent in favour of Adani Green Energy. In its recent disclosure, SBICAP Trustee clarified that the typographical error occurred in the target company's name and that the additional pledge has been created in favour of SBICAP Trustee and not Adani Green Energy. Suzlon: The State Bank of India (SBI) has disclosed a typographical error in its earlier disclosure which claimed Suzlon promoter had created an additional pledge of 5.53 percent in favour of Adani Green Energy. In its recent disclosure, SBICAP Trustee clarified that the typographical error occurred in the target company's name and that the additional pledge has been created in favour of SBICAP Trustee and not Adani Green Energy.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Suzlon Energy | CMP: Rs 7.9 | Share price of the wind turbine manufacturer declined over a percent even after the company sought to calm investors by saying that the proposed 5:21 rights issue was on-track. The company’s founder and CMD Tulsi Tanti passed away on October 1.
![Bata India: Bata India CFO resigns, Kanchan Chehal to take up global role with Bata Group. Kanchan Chehal is proposed to take up a Global role with Bata Group, hence he ceased to the Whole-time Director but would continue to serve the board at Bata India as a non-executive director. In addition, Vidhya Srinivasan has resigned as Director – Finance and Chief Financial Officer of the company to pursue opportunities outside, effective November 12, 2022. For the interim period, Shaibal Sinha, the non-executive non-independent director, has been assigned the responsibility to oversee the finance & accounts functions of the company. Bata India: Bata India CFO resigns, Kanchan Chehal to take up global role with Bata Group. Kanchan Chehal is proposed to take up a Global role with Bata Group, hence he ceased to the Whole-time Director but would continue to serve the board at Bata India as a non-executive director. In addition, Vidhya Srinivasan has resigned as Director – Finance and Chief Financial Officer of the company to pursue opportunities outside, effective November 12, 2022. For the interim period, Shaibal Sinha, the non-executive non-independent director, has been assigned the responsibility to oversee the finance & accounts functions of the company.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Bata India | CMP: Rs 1783 | The scrip fell over 2 percent after it announced changes in its board of directors. Kanchan Chehal, who is proposed to take up a global role with Bata Group, has relinquished her position as whole-time Director in Bata India Limited. Vidhya Srinivasan, Director – Finance, and CFO, has decided to relinquish her positions effective November 12, 2022.
![Albert David: Albert David Managing Director & CEO resigns. Tarminder Singh Parmar has resigned as Managing Director & CEO of the company. He resigned due to personal reasons. Albert David: Albert David Managing Director & CEO resigns. Tarminder Singh Parmar has resigned as Managing Director & CEO of the company. He resigned due to personal reasons.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Zydus Lifesciences | CMP: Rs 409.50 | The stock gained almost 6 percent after the pharma company received final approval from USFDA and 180-days shared exclusivity for Mirabegron extended-release tablets. Mirabegron is used for the treatment of overactive bladder (OAB).
![Maruti Suzuki | CMP: Rs 9,216 | The share added over 2 percent after global investment firm Bank of America Securities revised the target on the stock price to Rs 10,500 apiece from a previous Rs 9500. Analysts at the global brokerage believe that Maruti Suzuki is set to make a solid comeback on the back of promising new launches. Maruti Suzuki | CMP: Rs 9,216 | The share added over 2 percent after global investment firm Bank of America Securities revised the target on the stock price to Rs 10,500 apiece from a previous Rs 9500. Analysts at the global brokerage believe that Maruti Suzuki is set to make a solid comeback on the back of promising new launches.](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Maruti Suzuki | CMP: Rs 8569 | The company’s share price slipped 3 percent on reporting a fall in exports in September. Exports dropped 0.4 percent on a month-on-month basis to 21,403. CLSA has maintained its “sell” rating on the stock for a target of Rs 7,374. “Consensus estimates are too bullish on market share gains,” the brokerage said.
![The consequences will be felt both globally and locally. Unless the world drastically cuts greenhouse gas emissions the planet will suffer even more extreme heat waves, erratic rainfall and destructive storms in coming years, according to the Intergovernmental Panel on Climate Change. And a 2021 Indian government study found that Jharkhand state -- among the poorest in India and the state with the nation’s largest coal reserves -- is also the most vulnerable Indian state to climate change. (Image: AP) The consequences will be felt both globally and locally. Unless the world drastically cuts greenhouse gas emissions the planet will suffer even more extreme heat waves, erratic rainfall and destructive storms in coming years, according to the Intergovernmental Panel on Climate Change. And a 2021 Indian government study found that Jharkhand state -- among the poorest in India and the state with the nation’s largest coal reserves -- is also the most vulnerable Indian state to climate change. (Image: AP)](https://stocksmarket.in/wp-content/uploads/2022/10/grey_bg-73.gif)
Coal India | CMP: Rs 214.80 | The stock gained 1.5 percent after the company reported its output for the first half (April to September period) of the financial year 2022-2023 increased 20 percent to 299 million tonnes of coal production.
Shailaja Mohapatra Senior sub-editor, Moneycontrol
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