Fortis Healthcare Ltd. Share Price

Apollo Hospitals extends fall as drug mark-up concerns

Sensex, Bankex analysis for 01/10/2026(MARKET ANALYSIS)

1. Sensex Technical Overview Current Level: 72,480 Key Trend / Positioning: Hold Short (below 74,000): The current price of 72,480 sits comfortably below the major psychological and technical resistance threshold of 74,000. As long as Sensex trades below this boundary, the prevailing momentum favors downside continuation or a weak range-bound structure, supporting short positions. Conditional Long (above 74,000): A decisive breakout and sustained move above 74,000 would invalidate the short thesis, signaling a shift in market structure and a bullish trend reversal. Traders are advised to switch strategies to create long positions only upon confirmation of this breakout. 2. Bankex Technical Overview Current Level: 61,725 Key Trend / Positioning:Hold Short (below 63,000): Trading at 61,725, Bankex exhibits weakness as it remains capped under the key resistance barrier of 63,000. Holding short positions is favored in this zone, reflecting ongoing selling pressure or corrective momentum in banking constituents. Conditional Long (above 63,000): A reclaim of the 63,000 level would indicate aggressive institutional buying and a break of immediate overhead resistance. Long setups should only be initiated conditionally once the index successfully breaks and holds above this threshold. F&O top looser was :

Healthcare Stocks Fall: What Triggered the Sell-Off?

Indian healthcare stocks witnessed sharp selling on September 30, with major hospital names falling over 5%. Fortis Healthcare declined 6.33%, Apollo Hospitals Enterprise fell 5.70% and Max Healthcare Institute dropped 5.33%. The Nifty Healthcare Index also declined 2.57% to 16,137.75. The immediate trigger was the Supreme Court's scrutiny of medicine pricing at private hospitals. During a hearing on September 29, the court questioned the wide gap between the price paid by retailers and the MRP charged to patients. A cancer drug example highlighted a retailer price of around ₹2,700 versus an MRP of ₹27,000. The court also asked why a uniform 16% markup should not apply to medicines and medical devices. It raised concerns about patients being required to purchase medicines through hospital-linked pharmacies. However, this is not a final regulatory cap yet. The matter will be heard again on October 12. From an investor perspective, the concern is whether any future regulation could affect pharmacy-related margins and revenue streams of hospital companies. That uncertainty appears to have triggered broad-based selling rather than company-specific bad news. Technically, the Nifty Healthcare Index has weakened sharply, with RSI falling toward 37 and MACD momentum turning negative. However, the index remains above its major medium- and long-term moving averages. My sector view: The near-term outlook has turned cautious. I would watch the 16,000–15,600 zone closely. Sustaining this area could indicate that the current fall is a correction within the broader trend, while a decisive breakdown could increase selling pressure. On the upside, 16,500–16,800 remains an important recovery zone. Disclosure: I or my family members do not have any position in the stocks discussed above. This article is for educational purposes and not investment advice.

Nifty, Banknifty, Finnifty analysis for 01/10/2026

1. NiftyCurrent Level: 22,620 Trend Stance: Bearish / Short BiasKey Threshold: 23,100 Action Plan:Hold Short: Maintain short positions as long as Nifty trades below the 23,100 mark. Conditional Long: Switch to creating long positions only if the index decisively breaks and trades above 23,100. 2. Bank NiftyCurrent Level: 54,633 Trend Stance: Bearish / Short BiasKey Threshold: 55,400 Action Plan:Hold Short: Keep existing short positions active while trading below 55,400. Conditional Long: Consider entering long setups only on a breakout and sustained move above 55,400. 3. Fin NiftyCurrent Level: 24,649 Trend Stance: Bearish / Short BiasKey Threshold: 25,000 Action Plan:Hold Short: Maintain short positions below the psychological resistance level of 25,000. Conditional Long: Look to initiate long trades only if the index moves and sustains above 25,000. F&O top looser was :

Kotak Bank Leads as Healthcare Stocks Crash

The market closed lower today, with the Nifty50 down 95.75 points (0.42%) to 22,620.45, and the Sensex slipping 48.78 points (0.07%) to 72,480.29, a volatile session that pared early gains, extending the losing streak for a third straight day. FII outflows (₹10,148 crore net selling) and rising US bond yields added to the pressure. 1)

Hospital Stocks: Regulatory Risk Comes Into Focus