NIFTY50 above 25,000, SENSEX jumps 428 points in noon deals; Nykaa, Vi, Bajaj Finance among buzzing stocks

The Indian stock market was trading higher in the afternoon session on Monday, October 6, as IT and banking stocks rallied.

Max Healthcare shares were the biggest contributor, soaring 5.71%, followed by Shriram Finance (4%), Bajaj Finance (2.57%), Apollo Hospitals (2.55%) and Kotak Mahindra Bank (2.15%).

Buzzing stocks on October 6: Check list

Shares of Max Healthcare rallied 6% to an intraday high of ₹1,133.70 apiece on the National Stock Exchange as investors cheered the recent move by the central government.

The Union Health Ministry announced a long-awaited revision of the Central Government Health Scheme (CGHS) rates, updating the prices for nearly 2,000 medical procedures, the first major overhaul in over a decade. The revised rates will be effective from October 13, 2025.

According to an official release, the rates have been revised on the basis of accreditation status, hospital type, city classification and ward entitlement.

The move comes in response to growing concerns from both CGHS beneficiaries and empanelled hospitals. Patients have repeatedly reported being denied cashless treatment, often being forced to pay out of pocket and wait months for reimbursement.

Hospital stocks rallied following the development, with Max Healthcare being the top mover on the 50-share index. At 12:30 PM, the stock was trading at ₹1,130.10 per share on the NSE, surging 5.70%.

Shares of Bajaj Finance rallied 3.35% to an intraday high of ₹1,023 apiece on the NSE on Monday following the consolidated September quarter business update the company shared last week.

In its filing to stock exchanges, Bajaj Finance said the customer franchise as of September 30, 2025, stood at 110.64 million as compared to 92.09 million as of September 30, 2024. In Q2 FY26, the customer franchise increased by 4.13 million.

Further, new loans booked grew by 26% to 12.17 million in Q2 FY26 as compared to 9.69 million in Q2 FY25. The company added that the assets under management (AUM) grew by 24% to approximately ₹4,62,250 crore as of September 30, 2025, as compared to ₹3,73,924 crore as of September 30, 2024. In Q2 FY26, AUM grew by approximately ₹20,800 crore.

The deposits book stood at approximately ₹69,750 crore as of September 30, 2025, as compared to ₹66,131 crore as of September 30, 2024. This translates to a rise of 5.4% YoY.

At 12:36 PM, Bajaj Finance shares were trading at ₹1,013.70 per share, rising 2.42%.

Kalyan Jewellers shares were trading lower on Monday after the firm shared its business updates for the September quarter of financial year 2025-26.

“The recently concluded quarter has been a very gratifying one, recording consolidated revenue growth of approximately 30% when compared to the same period in the previous financial year,” the jewellery firm said in a statement.

At 12:40 PM, shares of Kalyan Jewellers India were trading at ₹481.60 apiece, falling 2.14% on the National Stock Exchange. 

Its domestic operations witnessed revenue growth of approximately 31% during Q2 FY26 as compared to Q2 FY2025, driven primarily by robust wedding demand and a strong start to the festive season. International operations recorded revenue growth of approximately 17% in Q2 year-on-year (YoY).

During the quarter, the jewellery firm launched 15 showrooms in India, 2 showrooms in the Middle East and 15 Candere showrooms in India.

Vodafone Idea (Vi) shares decline over 5% to an intraday low of ₹8.35 apiece on Monday, October 6, as the Supreme Court defers hearing one more time.

The top court will hear a plea of a debt-laden firm seeking the quashing of the additional adjusted gross revenue (AGR) demands for the period on October 13, as the government sought more time.

As per news reports, the telecom firm's counsel did not object to the government's request for more time.

Earlier, the Supreme Court had deferred the hearing on September 26, after taking note of the submissions of Solicitor General Tushar Mehta, who represented the Centre, to this effect.

Further, people with knowledge on the matter told Bloomberg that the central government is considering a one-time settlement of its longstanding demand for billions of dollars in past-due fees from the firm, as the government seeks to strengthen ties with the UK.

At 12:40 PM, Vodafone Idea shares were trading at ₹8.49 apiece on NSE, falling 3.74%.

Shares of Poonawala Fincorp jumped over 6% after the company posted robust business updates for Q2FY26. The shares were trading at ₹539.50 apiece, rising 2.88 on the NSE at 12:45 PM.

In the latest quarterly business updates, the company posted a stellar growth of 67% YoY in its assets under management at ₹47,625 crore.

The exchange filing read, “The Company continues to have ample liquidity of approximately ₹ 6,200 crore as of 30th September 2025. The company stands by its risk-first approach, robust risk management systems and a diversified asset base. As we continue to scale, our focus and commitment stand on business expansion in line with building a long-term, sustainable, profitable model.”

Shares of FSN E-Commerce Ventures surged over 6% to an intraday high of ₹254.78 apiece on the NSE as the company shared updates for the September quarter.

“Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) has seen an accelerated growth momentum in Q2 FY2026, with Consolidated GMV growth expected to be close to the thirties, compared to the mid-twenties in the last few quarters. This superior performance is driven by renewed growth in the fashion vertical and healthy performance of the beauty vertical,” it said in a statement.

Nykaa’s Beauty vertical is expected to deliver NSV and net revenue growth in the mid-twenties, marking 10+ consecutive quarters of sustained growth momentum. House of Nykaa brands continue to witness rapid growth driven by robust performance of acquired brands like Dot & Key, as well as homegrown brands like Kay Beauty and Nykaa Cosmetics.

As a result, Nykaa has delivered yet another quarter of healthy performance, with consolidated net revenue growth expected to be in the mid-twenties in Q2 FY2026, aided by an early start to the festive season, the firm further said.

At 12:50 PM, shares of FSN E-Commerce Ventures were trading at ₹251.97 apiece on NSE, rising 5.07%.

Shares of Bharti Airtel were trading higher on Monday as the telecom firm’s arm Airtel Business bagged a multi-year contract from the Indian Railway Security Operations Centre (IRSOC) to deliver security services.

Airtel will design, build, implement and operate a greenfield, multi-layered cybersecurity protection ecosystem that will serve as a defence barrier to safeguard the Indian Railways' IT backbone while ensuring uninterrupted, secure and seamless digital operation, according to a release.

With centralised security controls, Airtel Business will build multi-layer protection to secure the expansive database of the railways.

Ensuring a resilient and compliant secure backend, Airtel Business will also safeguard the end-to-end digital operations of the country's railway services, which include 160,000 employees distributed across 26 locations.

At 1:15 PM, Bharti Airtel shares were trading at ₹1,903.50 apiece on NSE, rising 0.36%.