Why These Stocks Are Rising and Falling Today:Trent, Honasa & HFCL Gain; SCI, Jindal Steel, & IDFC First Bank Decline

Indian Equities opened on a positive note on Tuesday, October 6, with the Nifty gaining 0.34% to trade at 22,618 around 9:39 AM.The positive start was supported by favourable global cues, easing crude oil prices and expectations of US Fed to hold rates steady in its upcoming policy. Crude prices slipped as concerns over global supply eased, offering some relief to markets.

However, Institutional flow data showed Foreign Institutional Investors (FIIs) were net sellers, offloading ₹4,092 crore in equities, whereas Domestic Institutional Investors (DIIs) were net buyers, purchasing ₹4,878 crore on Monday, October, 05, 2026. 
Amidst this backdrop, here are the top gainers and losers in the Nifty 500 index.

Top Gainers for October 6: Trent, Honasa & HFCL Gain Up to 9%

Trent Share Price Jumps 9%

Trent share price is trading at ₹2822, up by 9%, following a strong Q2 FY27 Result. The company’s standalone revenue from operations grew 23% YoY to ₹5,788 crore in Q2 FY27, while H1 FY27 revenue rose 21% YoY to ₹11,454 crore. The company also crossed the 1,000 store milestone for Zudio, with its total portfolio reaching 1,342 stores across Zudio, Westside, and other Lifestyle brands. 

Trading volumes stood at 23.3 lakh shares, compared with the 30-day average volume of 7.72 lakh shares.

Honasa Share Price Rises Over 6.5%

Honasa share price rose to ₹472 at 9:39 am, gaining 6.8% from its previous close on the NSE. The company is expected to deliver strong Q2 FY27, with net value sales growth expected to be in the early thirties YoY. The growth is likely to be driven by healthy demand across its key brands, with Mamaearth expected to keep growing at high-teens rates. Its newer brands could grow at around mid-forties. Offline sales remain a source of growth. This is because there is distribution, in General Trade and Modern Trade. The online channel is also expected to keep moving. When it comes to profits the company expects to keep a double-digit operating margin. This shows that the overall performance of the company is improving.

HFCL Company gains 5%

At 9:39 am, the HFCL share price was trading at ₹262, up by 5% from its previous close on the NSE.The stock hit a 52-week high and multi-decade high of ₹262.78 during intraday trading.The ongoing shift towards high-speed fiber-based networks creates a favourable demand environment for HFCL’s optical fiber business. Trading volumes also remained at 57.9 lakh shares, compared with the 30-day average volume of 98.4 lakh shares. 

Top Losers for October 6: Jindal Steel, SCI, & IDFC First Bank Fall Up to 2.9%

Jindal Steel Share Price Falls 2.9%

At 9:39 am, the Jindal Steel share price was trading at ₹1,065, down 2.9% from its previous close on the NSE. The decline comes as investors remain cautious about rising input costs and broader commodity price pressures which continue to weigh on profitability and margins. Trading volumes currently stand at 27.4 lakh shares, compared with the 30-day average volume of 8.37 lakh shares. 

SCI Share Price Declines 2.39%

Shipping Corporation of India (SCI) saw selling pressure on Tuesday, October 6 with the stock trading at ₹283 around 9:39 am, dropping 2.39% during morning trade. This came after the SCI Share Price had gained 9% in the previous session. The fall seems to be from profit-taking, after the strong rally. In the quarter of fiscal year 2027 net profit rose nearly 75% compared to the same period last year reaching ₹619 crore. Looking ahead investors will focus on shipping rates and freight market conditions. They want to see if the recent upward trend can keep going.

IDFC First Bank Share Price Drops 2.35%

IDFC First Bank share faced selling pressure on Tuesday, October 6 and was trading at ₹80.29, down 2.35% from its previous close on the NSE. This comes after the stock had reached a 52-week high of ₹89.58 on September 23. The drop seems to be partly due to profit-booking.

The fall comes a day after the bank shared its Q2 FY27 business update. The numbers look strong: gross advances were up 29.9% from a year ago at ₹3,38,749 crore, and total deposits rose 25.9% to ₹3,48,582 crore. However, these figures include ₹24,885 crore of leveraged FCNR(B) routed through the bank's IBU branch. Excluding this, loans grew 20.4% while deposits grew 17.0%. On the positive side, the average liquidity coverage ratio improved to 125% from 116% in the previous quarter, and the bank said asset quality remains strong.