WhaleWatch

DATE1 Oct

NIFTY 22,422 ▼ 0.88%BANK NIFTY 54,451 ▼ 0.33%NIFTY IT 28,305 ▲ 2.17%NIFTY PHARMA 26,312 ▼ 0.48%POLICYBZR 980 ▼ 7.89%BAJAJ-AUTO 10,045 ▼ 7.62%CHENNPETRO 1,346 ▼ 6.26%SCHNEIDER 1,275 ▲ 5.98%IRCON 110 ▼ 5.84%KSB 806 ▼ 5.80%SANSERA 4,277 ▼ 5.75%LLOYDSME 1,777 ▼ 5.69%INOXINDIA 2,168 ▲ 5.64%ABDL 679 ▼ 5.49%NIFTY 22,422 ▼ 0.88%BANK NIFTY 54,451 ▼ 0.33%NIFTY IT 28,305 ▲ 2.17%NIFTY PHARMA 26,312 ▼ 0.48%POLICYBZR 980 ▼ 7.89%BAJAJ-AUTO 10,045 ▼ 7.62%CHENNPETRO 1,346 ▼ 6.26%SCHNEIDER 1,275 ▲ 5.98%IRCON 110 ▼ 5.84%KSB 806 ▼ 5.80%SANSERA 4,277 ▼ 5.75%LLOYDSME 1,777 ▼ 5.69%INOXINDIA 2,168 ▲ 5.64%ABDL 679 ▼ 5.49%

Morning brief · Friday, 2 October 2026

Market compares falling JM Financial with Edelweiss Financial Services

Market pulse

The Nifty slipped 0.88 percent as PB Fintech led the losers, even as a strong IT sector capped the losses. Meanwhile, banking and pharma stocks ended flat.

From the investor's mind

One post worth your time, explained

@aditya_kondawar · on X

The extraordinary scale-up of homegrown snacks giant Balaji Wafers is highlighted by the staggering rise in its valuation over the last dozen years. While PepsiCo had offered 4,000 crore rupees to buy out the entire company in 2014, a recent transaction in 2026 saw private equity firm General Atlantic acquire just a seven percent minority stake for approximately 2,000 crore to 2,500 crore rupees. This deal values the entire enterprise at a massive 35,000 crore rupees. Aditya Kondawar highlights this journey to showcase the immense value creation possible for Indian consumer brands that choose to stay independent and scale up rather than selling out early to multinational giants.

Word in the street

What the wider market is buzzing about

JM Financial Limited

₹123Past year ▼ 22%M.cap ₹12,345 Cr

Market participants are closely watching JM Financial Limited, a company with a market capitalization of about 12,345 crore that has seen its stock fall 22.47 percent over the past year. Investors are actively comparing the firm to Edelweiss Financial Services, noting that both businesses operate in almost the same line of business. The core of this discussion revolves around evaluating what JM Financial is currently missing and what it is trying to gain in comparison to its peer. This direct comparison has become a key focal point for shareholders trying to understand the company's relative position in the market.

Know more about the stock

Yesterday's big moves