Archive · 6 Oct 2026
Capital-Market Stocks Rise Despite Broader Market Sell-Off
Some companies connected to India’s stock market rose in value in 2026, even while the wider market fell.
Anand Rathi had the biggest gain among the companies mentioned.
Angel One, Groww’s parent company, BSE, and Motilal Oswal also rose.
The article links these gains to more people trading and investing, along with strong interest in new share offerings called IPOs.
Many people opened new demat accounts, which are used to hold shares electronically.
In August, NSDL and CDSL added nearly 3.27 million accounts.
The capital-market stock index rose, while the Nifty 50 declined.
Phillip Capital also recommended buying Groww and Angel One shares, with specified target prices.
Anand Rathi shares rose 38% in 2026, leading the capital-market stocks discussed.
Angel One gained 26%, Motilal Oswal Financial Services 26.34%, BSE 25.56%, and Groww parent Billionbrains Garage Ventures 23%.
The Nifty Capital Market index climbed 13% in 2026, while the Nifty 50 fell 13%.
IPO activity and increased investor participation coincided with more demat accounts; NSDL and CDSL added nearly 3.27 million in August.
Phillip Capital initiated coverage of Groww and Angel One with buy ratings and target prices of ₹245 and ₹388, respectively.
- Who
- Capital-market companies including Anand Rathi, Angel One, Groww’s parent Billionbrains Garage Ventures, BSE and Motilal Oswal Financial Services.
- What
- Several capital-market stocks gained despite a broader market decline.
- When
- In 2026 so far; demat account additions cited were for August.
- Where
- India’s stock market.
- Why
- The article attributes the gains to higher trading volumes, investor participation, stronger inflows and IPO activity.
Reasons for gains
Broader market weakness
Capital-market stock performance
Reasons for gains
Capital-market stocks and the Nifty Capital Market index rose, supported by trading activity, investor participation and IPO demand.
Broader market weakness
The broader Nifty 50 fell 13% during the same period, showing that gains were not shared across the wider market.
- Top performer mentioned
- Anand Rathi shares rose 38% in 2026 so far.
- Angel One
- Shares gained 26% in 2026 so far.
- Groww parent
- Billionbrains Garage Ventures gained 23% in 2026 so far.
- Index comparison
- The Nifty Capital Market index rose 13%; the Nifty 50 fell 13%.
- August demat additions
- NSDL and CDSL added nearly 3.27 million accounts.
- Total demat accounts
- 237.7 million at the end of August.
- Phillip Capital ratings
- Buy ratings for Groww and Angel One, with target prices of ₹245 and ₹388, respectively.