Closing Bell: Nifty below 25,950, Sensex down 151 points after a volatile session

Indian equity indices ended lower in the volatile session with Nifty below 25,950 on October 28. At close, the Sensex was down 150.68 points or 0.18 percent at 84,628.16, and the Nifty was down 29.85 points or 0.11 percent at 25,936.20.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

After showing a sustainable bounce back on Monday, Nifty slipped into weakness amidst volatility on Tuesday, on the day of F&O expiry and closed the day just lower by 29 points amidst sharp recovery. Nifty opened on a weak note and made an attempt to move up in the early part of the session. Weakness got triggered from the days high of 26000 levels amidst high volatility and finally the market was able to show recovery towards the end and closed off the lows.

A small candle was formed on the daily chart with upper shadow, which is indicates a formation of doji/high wave type candle pattern, which reflects ongoing high volatility and confusion state of mind among investors in the market. The larger degree bullish pattern like higher tops and bottoms is intact and present weakness could be a buy on dips opportunity.

The near-term trend of Nifty remains positive, but short-term trend of the market is weak with volatility. Immediate supports to be watched around 25700. A sustainable move above the hurdle of 26100 is likely to open next upside towards 26400-26500 levels in the near term.

Markets traded choppy on the monthly expiry day and ended flat, largely continuing the ongoing consolidation phase. After an initial uptick, the Nifty index witnessed sharp swings throughout the session before finally settling at 25,936.20. Sectorally, most indices closed in the red, with realty, IT, and FMCG among the top losers. However, strength in metal and banking majors helped limit the downside. The broader indices also ended largely unchanged, reflecting selective participation rather than a broad-based rally.

Market sentiment remained cautious ahead of key global central bank meetings and major U.S. tech earnings announcements. Additionally, muted activity by foreign institutional investors in the cash segment weighed on sentiment, though steady domestic inflows and a largely positive earnings season so far helped maintain an overall constructive tone.

We maintain our bullish outlook despite the consolidation and recommend focusing on stock selection based on relative strength. Sectors such as metals, banking, and autos continue to display consistent performance and should remain preferred, while traders stay selective in other spaces.

Indian equity market closed almost flat today, as both Sensex and Nifty retreated after early gains, driven by profit booking and mixed global cues. The Sensex ended down 150 points at 84,628, while the Nifty slipped 30 points to close at 25,936, erasing morning advances. Markets opened in the red following muted cues from Asian peers but attempted a recovery before profit booking set in ahead of the FOMC rate decision and monthly derivative expiry. Key news was the continued FII selling and sector rotation, with metals, PSU banks, and select realty stocks outperforming, while financials and IT lagged.

FII selling continued, although DIIs offset some pressure with robust buying worth over Rs. 2,400 crore. Broader markets were directionless, midcaps and smallcaps saw minimal movement, reflecting widespread caution. News that impacted sentiment included concerns around US rate cut timing, derivative expiry, global growth uncertainties, and lingering geopolitical risks.

Looking ahead, we expect volatility to rise due to the FOMC policy. Domestic focus will remain on banking, metals, and realty, as robust DII flows and positive government initiatives could support indices, while FII flows and global event risk are likely to keep upside capped.

Indian equities witnessed high volatility with benchmark indices swinging between gains and losses on Nifty’s monthly expiry. Nifty50 ended with a marginal loss of 30 points at 25,936 (-0.1%). Most sectoral indices ended lower, led by declines in realty, IT, financial services and FMCG, reflecting profit booking amid cautious sentiment ahead of US Fed’s Interest rate decision tomorrow. However, selective buying in Metals (+0.9%) and PSU banks (+0.8%) lent some support, helping limit overall downside in an otherwise subdued market session.

PSU Banks were in focus as government is planning to significantly increase FDI limit in state-run banks to 49% from the current 20%. We see strength in banking stocks, as they benefit from a favourable credit cycle and strategic capital inflows.

Shares of several EMS companies surged after the government announced the first set of approvals under the Electronics Component Manufacturing Scheme (ECMS), clearing seven projects involving investments of Rs 5,532 crore with a projected output of Rs 44,406 crore.

On the global macro front, investors would closely track the outcome of the US FOMC meet on Wednesday, where the Federal Reserve is widely expected to reduce interest rates by 25 basis points. Overall, we expect the markets to remain firm, tracking positive global cues, macro-economic data and domestic Q2 earnings. Key result announcements on Wednesday include L&T, Coal India, VBL, HPCL, CG Power, Radico amongst others.

Today, the benchmark indices experienced a volatile trading session. After a roller-coaster activity, the Nifty ended 30 points lower, while the Sensex was down by 151 points. Among sectors, Metal and PSU Bank indices outperformed, rallying over 1 percent, whereas the Realty index lost the most, shedding over 1 percent.

Technically, after an early morning intraday rally, the market faced resistance near 26,000/84800 and corrected sharply. From the day's highest point, the market shed over 200/700 points. However, in the last hour of trading, it trimmed some losses.

We believe that the intraday market texture is volatile and non-directional; hence, level-based trading would be an ideal strategy for day traders. On the higher side, 26,000/84800 and 26,050/85000 would act as key resistance zones, while 25,800/84200 could be an important support area for the bulls.

A successful breakout above 26,050/85000 could push the market towards 26,150–26,200/85300-85500, while below 25,800/84200, the market is likely to retest the levels of 25,700–25,600/84000-83700.

On the monthly expiry day, the Nifty Index began on a firm note, briefly moving above the psychological mark of 26,000, but failed to sustain momentum and drifted lower, making an Intraday low of 25,810 before a sharp surge towards the last hour of the day led to Nifty closing the day at 25,936 with a modest loss of 0.11%

On the sectoral front, Nifty Metal was the top sectoral gainer, ending with a gain of 1.23%, followed by Nifty PSU Banks, which ended with a gain of 1.21%. On the other hand, Nifty Realty & Nifty CPSE were the top two sectoral losers. On the stock front, JSW Steel and Tata Steel ended up as the top gainers, while Bajaj Finserv and Trent emerged as the top two losers.

The broader market indices relatively outperformed the frontline indices. Midcap Index ended 0.02% lower while the Smallcap Index closed the day with a modest gain of 0.02%. The advance-decline ratio was tilted in the favour of the bears as a total of 274 stocks out of the Nifty 500 closed in the red, indicating that the selling pressure was broad based and not just limited to heavyweight names.

Nifty View

On the daily chart, the Nifty Index has formed a small-bodied candle with a minor upper shadow and a long lower shadow, indicating indecision amongst the market participants throughout the day.

For the past two sessions, Nifty has been struggling to decisively move past the 26,000–26,050 zone, which now acts as a near-term hurdle. Post the symmetrical triangle breakout on October 16 and a strong follow-through rally on October 17, the index has entered a consolidation phase, moving within a 25,700–26,100 range.

From an indicator standpoint, the prices continue to trade above key moving averages, keeping the broader trend positive. The RSI has cooled off from 72.69 on 23rd October to 70.03 on 28th October, indicating that momentum has eased slightly and the index is digesting recent gains rather than reversing trend. Meanwhile, the ADX remains in a rising mode, reflecting that the underlying bullish strength is still intact despite the current consolidation.

Overall, Nifty appears to be taking a breather after a strong breakout. Looking at key levels, the zone of 26,050-26,100 will act as an immediate resistance for the Index. If the index manages to give a follow through move above the level of 26,100, then the rally can continue further till 26,300 level. While, on the downside, the zone of 25,750-25,700 will act as a crucial support for the Index.

The domestic market remained volatile in negative terrain and ended flat, weighed down by profit booking on monthly expiry and weak global cues. Despite this, the Metals sector gained on renewed optimism following China’s announcement to curb steel overcapacity and potential progress over US- China Trade relations, while PSU banks outperformed amid reports of a potential increase in FII holding limits.

Notably, buying interest emerged at lower levels, reflecting underlying investor confidence. Market sentiment is expected to be supported by easing global trade tensions and expectations of an upgrade in domestic corporate earnings, which continue to reinforce resilience.

The market remained highly volatile on the NSE monthly F&O expiry day. However, the overall chart setup on the daily timeframe remains intact, with the Nifty trading well above the 21EMA, keeping the bullish bias intact.

The RSI is in a bullish crossover and remains in the high momentum zone. In the short term, the index may witness a decent rally as momentum picks up above 26,000. On the higher end, resistance is seen at 26,300, while support is placed at 25,850.

#1 Net profit up 18.6% at Rs 24 crore versus Rs 20 crore, YoY

#2 Revenue up 3.7% at Rs 90.3 crore versus Rs 87.1 crore, YoY

#3 EBITDA up 33.2% at Rs 23.8 crore versus Rs 17.8 crore, YoY

#4 Margin at 26.4% versus 20.5%, YoY

Indian rupee ended flat at 88.26 per dollar on Tuesday versus previous close of 88.24.

Indian equity indices ended lower in the volatile session with Nifty below 25,950 on October 28.

At close, the Sensex was down 150.68 points or 0.18 percent at 84,628.16, and the Nifty was down 29.85 points or 0.11 percent at 25,936.20. About 1809 shares advanced, 2171 shares declined, and 158 shares unchanged.

Bajaj Finserv, Power Grid, ONGC, Coal India and Trent were among major losers on the Nifty, while gainers were Tata Steel, SBI Life Insurance, JSW Steel, HDFC Life and L&T.

BSE Midcap and smallcap indices ended flat.

On the sectoral front, metal and PSU Bank indices rose 1.2 percent each, while IT, pharma, FMCG and realty shed 0.5-1%.

Reserve Bank of India has granted in-principle approval to Infibeam Avenues for issuance of prepaid payment instruments.

Infibeam Avenues was quoting at Rs 19.27, up Rs 0.48, or 2.55 percent.

It has touched an intraday high of Rs 19.46 and an intraday low of Rs 18.76.

It was trading with volumes of 2,129,544 shares, compared to its five day average of 821,957 shares, an increase of 159.08 percent.

In the previous trading session, the share closed down 1.00 percent or Rs 0.19 at Rs 18.79.

The share touched a 52-week high of Rs 29.59 and a 52-week low of Rs 14.11 on 01 November, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 34.88 percent below its 52-week high and 36.57 percent above its 52-week low.

Market capitalisation stands at Rs 6,063.17 crore.

#1 TPG Capital is the frontrunner to acquire up to 19.99% in IIFL Capital

#3 Bain Capital is also in the race for a significant stake in IIFL Capital

#3 IIFL Capital deal likely to be valued at upwards of Rs 2,500 crore

IIFL Capital Services was quoting at Rs 368.30, down Rs 14.25, or 3.73 percent. It has touched an intraday high of Rs 387.05 and an intraday low of Rs 366.60.

It was trading with volumes of 54,307 shares, compared to its five day average of 42,693 shares, an increase of 27.20 percent.

In the previous trading session, the share closed up 6.68 percent or Rs 23.95 at Rs 382.55. The share touched a 52-week high of Rs 416.95 and a 52-week low of Rs 170 on 07 November, 2024 and 07 April, 2025, respectively. Currently, the stock is trading 11.67 percent below its 52-week high and 116.65 percent above its 52-week low. Market capitalisation stands at Rs 11,430.85 crore.

TVS Motor Company was quoting at Rs 3,571.85, down Rs 67.20, or 1.85 percent.

It has touched an intraday high of Rs 3,679.90 and an intraday low of Rs 3,527.85.

It was trading with volumes of 24,354 shares, compared to its five day average of 13,344 shares, an increase of 82.51 percent.

In the previous trading session, the share closed up 1.09 percent or Rs 39.25 at Rs 3,639.05.

The share touched a 52-week high of Rs 3,703.95 and a 52-week low of Rs 2,170.05 on 23 October, 2025 and 14 January, 2025, respectively.

Currently, the stock is trading 3.57 percent below its 52-week high and 64.6 percent above its 52-week low.

Market capitalisation stands at Rs 169,693.99 crore.

Bharat Petroleum Corporation was quoting at Rs 340.00, down Rs 2.90, or 0.85 percent and Indian Oil Corporation was quoting at Rs 153.60, down Rs 1.55, or 1 percent, touching a 52-week high of Rs 157.50.

ABB India has expanded its local production footprint with the launch of a new line for variable speed drive (VSD) modules at its Peenya factory in Bengaluru.

With this line, the local production capacity of drives has increased by about 25 percent. Equipped with state-of-the-art technology, the new line will help meet growing demand for drives that enable improved energy efficiency and productivity.

ABB India was quoting at Rs 5,157.00, down Rs 78.20, or 1.49 percent. It has touched an intraday high of Rs 5,279.05 and an intraday low of Rs 5,143.

In the previous trading session, the share closed up 1.03 percent or Rs 53.15 at Rs 5,235.20.

The share touched a 52-week high of Rs 7,959.90 and a 52-week low of Rs 4,590.05 on 17 December, 2024 and 07 April, 2025, respectively. Currently, the stock is trading 35.21 percent below its 52-week high and 12.35 percent above its 52-week low. Market capitalisation stands at Rs 109,281.15 crore.

Multi Commodity Exchange of India was quoting at Rs 9,080, down Rs 228.65, or 2.46 percent.

It has touched an intraday high of Rs 9,359.75 and an intraday low of Rs 9,075.30.

It was trading with volumes of 28,813 shares, compared to its five day average of 21,244 shares, an increase of 35.63 percent.

In the previous trading session, the share closed up 3.23 percent or Rs 291.35 at Rs 9,308.65.

The share touched a 52-week high of Rs 9,612.40 and a 52-week low of Rs 4,410.10 on 15 October, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 5.54 percent below its 52-week high and 105.89 percent above its 52-week low.

Market capitalisation stands at Rs 46,306.52 crore.

Bondada Engineering was quoting at Rs 454, down Rs 34.75, or 7.11 percent.

It has touched an intraday high of Rs 503 and an intraday low of Rs 440.

In the previous trading session, the share closed up 5.20 percent or Rs 24.15 at Rs 488.75.

The share touched a 52-week high of Rs 719.50 and a 52-week low of Rs 330.00 on 12 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 36.9 percent below its 52-week high and 37.58 percent above its 52-week low.

Market capitalisation stands at Rs 5,066.34 crore.

Newgen Software Technologies was quoting at Rs 996.15, up Rs 99.80, or 11.13 percent.

It has touched an intraday high of Rs 999.95 and an intraday low of Rs 898.45.

It was trading with volumes of 373,057 shares, compared to its five day average of 61,235 shares, an increase of 509.22 percent.

In the previous trading session, the share closed up 0.48 percent or Rs 4.25 at Rs 896.35.

The share touched a 52-week high of Rs 1,795.50 and a 52-week low of Rs 740.05 on 15 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 44.52 percent below its 52-week high and 34.61 percent above its 52-week low.

Market capitalisation stands at Rs 14,113.33 crore.

Premier Explosives has received orders from the Ministry of Defence, Government of Republic of India, for supply of Chaff's and Flares, for a total value of Rs 429.56 crores (including GST), to be delivered within a period of twelve months.

Kirloskar Pneumatic Company was quoting at Rs 1,151.35, down Rs 8.60, or 0.74 percent.

It has touched an intraday high of Rs 1,165.20 and an intraday low of Rs 1,102.80.

It was trading with volumes of 12,678 shares, compared to its five day average of 2,661 shares, an increase of 376.51 percent.

In the previous trading session, the share closed down 2.37 percent or Rs 28.20 at Rs 1,159.95.

The share touched a 52-week high of Rs 1,817.50 and a 52-week low of Rs 952.75 on 04 December, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 36.65 percent below its 52-week high and 20.84 percent above its 52-week low.

Market capitalisation stands at Rs 7,474.00 crore.

Chennai Petroleum Corporation was quoting at Rs 837.00, up Rs 67.50, or 8.77 percent.

It has touched an intraday high of Rs 838.80 and an intraday low of Rs 765.70.

It was trading with volumes of 708,253 shares, compared to its five day average of 101,929 shares, an increase of 594.85 percent.

In the previous trading session, the share closed down 0.38 percent or Rs 2.95 at Rs 769.50.

The share touched a 52-week high of Rs 858.95 and a 52-week low of Rs 433.20 on 07 October, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 2.56 percent below its 52-week high and 93.21 percent above its 52-week low.

Market capitalisation stands at Rs 12,463.88 crore.

TVS Motor Company was quoting at Rs 3,618, down Rs 21.05, or 0.58 percent.

It has touched an intraday high of Rs 3,679.90 and an intraday low of Rs 3,604.70.

It was trading with volumes of 12,894 shares, compared to its five day average of 13,344 shares, a decrease of -3.37 percent.

In the previous trading session, the share closed up 1.09 percent or Rs 39.25 at Rs 3,639.05.

The share touched a 52-week high of Rs 3,703.95 and a 52-week low of Rs 2,170.05 on 23 October, 2025 and 14 January, 2025, respectively.

Currently, the stock is trading 2.32 percent below its 52-week high and 66.72 percent above its 52-week low.

Market capitalisation stands at Rs 171,886.52 crore.

Shree Cements was quoting at Rs 28,484.20, down Rs 117.20, or 0.41 percent.

It has touched an intraday high of Rs 28,666.60 and an intraday low of Rs 28,349.75.

In the previous trading session, the share closed down 0.27 percent or Rs 78.45 at Rs 28,601.40.

The share touched a 52-week high of Rs 32,508.20 and a 52-week low of Rs 23,500.15 on 22 July, 2025 and 12 November, 2024, respectively.

Currently, the stock is trading 12.38 percent below its 52-week high and 21.21 percent above its 52-week low.

Market capitalisation stands at Rs 102,773.12 crore.

KP Group has entered into a Memorandum of Understanding (MoU) with Fabtech Group to collaboratively develop and implement green energy powered life sciences projects globally.

KPI Green Energy was quoting at Rs 519.90, down Rs 2.40, or 0.46 percent.

It has touched an intraday high of Rs 522.15 and an intraday low of Rs 513.80.

It was trading with volumes of 54,982 shares, compared to its five day average of 106,812 shares, a decrease of -48.52 percent.

In the previous trading session, the share closed up 1.06 percent or Rs 5.50 at Rs 522.30.

The share touched a 52-week high of Rs 589 and a 52-week low of Rs 312.95 on 03 January, 2025 and 29 January, 2025, respectively.

Currently, the stock is trading 11.73 percent below its 52-week high and 66.13 percent above its 52-week low.

Market capitalisation stands at Rs 10,259.76 crore.

#1 Weak Q2 with a 7 percent YoY decline in EBITDA

#2 Volume was up 12 percent YoY, partly helped by the Wavin acquisition (organic: up 10 percent YoY)

#3 Company guided for FY26 volume growth of 12 percent-14 percent & an EBITDA margin of 14.5 percent-15.5 percent

#4 Management is hopeful of a demand uptick in 2h driven by agriculture and infrastructure

#5 If demand recovers, actual volume delivery could be close to its guidance

#6 Though margin expectations look tough to be met

Indian rupee erased all the intraday losses and trading flat 88.25 per dollar versus previous close of 88.24.

#1 Core revenue up 11 percent YoY/3 percent QoQ, ahead of estimate

#2 Reported EBITDA was down 6 percent YoY/up 5 percent QoQ

#3 Reported EBITDA adjusted for collections of past overdue was up 15 percent YoY/3 percent QoQ, ahead of estimate

#4 Indus tenancy additions were 4,505, below estimate, yet base is up 10 percent YoY/1 percent QoQ

#5 Board’s dividend reinstatement is also awaited

#6 B/S has net cash of Rs 2,960 crore, with lease liabilities at 118 percent of debt

#7 Stock at 5.5x 27 EV/EBITDA

INDUS TOWERS was quoting at Rs 383.15, up Rs 11.80, or 3.18 percent.

Multi Commodity Exchange of India was quoting at Rs 9,182.60, down Rs 126.05, or 1.35 percent.

It has touched an intraday high of Rs 9,359.75 and an intraday low of Rs 9,101.30.

It was trading with volumes of 20,877 shares, compared to its five day average of 21,244 shares, a decrease of -1.73 percent.

In the previous trading session, the share closed up 3.23 percent or Rs 291.35 at Rs 9,308.65.

The share touched a 52-week high of Rs 9,612.40 and a 52-week low of Rs 4,410.10 on 15 October, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 4.47 percent below its 52-week high and 108.22 percent above its 52-week low.

Market capitalisation stands at Rs 46,829.76 crore.

#1 Delivering well in tough times

#2 Q2 revenue beat led by railways & traction motor

#3 Potential business wins from struggling auto component suppliers in EU will be a key upside

#4 Opportunity size in near-term is Euro 300 million, from which company can get 15-20 percent share

#5 Stock trades at 39x FY27 EPS, which looks attractive

Lenskart is India’s largest and amongst the top 2 players in Asia in the organized retailers of prescription eyeglasses in terms of B2C eyeglasses sales volumes. The company has demonstrated significant growth over the years in both financial and operational metrics. It is broadening its presence in the rapidly expanding Indian eyewear market.

At the upper band of Rs 402, the IPO is valued at FY25 EV/Sales and EV/EBITDA multiples of 10.1x and 68.7x, respectively, based on post-issue capital.

Valuation of Lenskart seems be stretched and hence listing gain is likely to be muted. However, looking at the robust business model, the company is well placed to encash on the fast-growing domestic organized underpenetrated eyeglasses market. Moreover, as business scales up, there is scope of improvement in profitability over medium to long term.

Listed international peers have robust margin profile and going forward, street will keenly track the path to profitability for Lenskart too. As per the historical track record, the company has consistently improved its reported EBITDA margin# (7.0% in FY23 to 14.7% in FY25) and incremental improvement will be keenly tracked by the investors. We recommend investors to subscribe to the IPO for long term at the cut-off price.

The Sensex was down 178.66 points or 0.21 percent at 84,600.18, and the Nifty was down 24.15 points or 0.09 percent at 25,941.90. About 1745 shares advanced, 1926 shares declined, and 161 shares unchanged.

Ola Electric today announced that its indigenously developed & manufactured 4680 Bharat Cell battery packs in 5.2 kWh configuration has secured ARAI certification under the latest AIS-156 Amendment 4 standards issued by the Ministry of Road Transport and Highways.

With this certification, Ola will soon begin rolling out its vehicles powered by its own 4680 Bharat Cells. The certified pack will debut on the S1 Pro+ (5.2 kWh) making the S1 Ola’s first vehicle to be powered by its homegrown cell technology.

#1 Company beat both consensus & estimate core PAT at Rs 9,700 crore, adjusted for estimate inventory gain of Rs 6.7 billion, FX losses of Rs 14 billion

#2 Integrated margin of USD12.6/bbl (including USD1.5/bbl of LPG loss), was above estimate

#3 Mid-cycle: Best in two years, despite lower Russian crude

#4 Marketing volume grew 5 percent YoY in F2Q26, above industry growth of 2 percent

#5 Higher fuel refinery margin helped company take share from peers which are less integrated

#6 Russian crude intake at 19 percent (versus 24 percent QoQ), company remains flexible to US/other sourced crudes

#7 Awaits clarity on future Russian oil imports

#1 Profit falls 17.3% to Rs 1,839.3 crore Vs Rs 2,223.5 crore, YoY

#2 Revenue grows 9.7% to Rs 8,188.2 crore Vs Rs 7,465.3 crore, YoY

#3 Other income declines 27.2% to Rs 82.9 crore Vs Rs 113.9 crore, YoY

TTK Prestige was quoting at Rs 721.35, up Rs 77.35, or 12.01 percent.

It has touched an intraday high of Rs 725.00 and an intraday low of Rs 653.25.

It was trading with volumes of 4,188 shares, compared to its five day average of 1,634 shares, an increase of 156.27 percent.

In the previous trading session, the share closed down 0.40 percent or Rs 2.60 at Rs 644.00.

The share touched a 52-week high of Rs 927.75 and a 52-week low of Rs 583.00 on 31 October, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 22.25 percent below its 52-week high and 23.73 percent above its 52-week low.

Market capitalisation stands at Rs 9,878.89 crore.

Shree Cement, Tata Capital, TVS Motor Company, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, Adani Green Energy, Adani Total Gas, Blue Dart Express, Computer Age Management Services, CreditAccess Grameen, Happiest Minds Technologies, ICRA, Jindal Steel, Novartis India, Premier Energies, Samhi Hotels, Star Health and Allied Insurance Company, Sundram Fasteners, and TTK Prestige will release their quarterly earnings today.

#1 Revenue declined below Citi estimate despite weak base, early festival

#2 Profitability was weak as well with EBITDA declining

#3 Adjusted PAT declining 61 percent YoY (67 percent below Citi estimate)

#4 Management highlighted growth was impacted due to deferment of purchases

#5 Disruption in one of the largest warehouses in July 2025

#1 Profit sinks 55.5% to Rs 30 crore Vs Rs 67.5 crore, YoY

#2 Revenue increases 3.4% to Rs 3,419.2 crore Vs Rs 3,306.3 crore, YoY

PDS was quoting at Rs 334.75, up Rs 4.75, or 1.44 percent.

It has touched an intraday high of Rs 343.40 and an intraday low of Rs 325.

It was trading with volumes of 9,436 shares, compared to its five day average of 17,720 shares, a decrease of -46.75 percent.

In the previous trading session, the share closed down 1.71 percent or Rs 5.75 at Rs 330.

The share touched a 52-week high of Rs 658.15 and a 52-week low of Rs 290.00 on 16 December, 2024 and 14 October, 2025, respectively.

Currently, the stock is trading 49.14 percent below its 52-week high and 15.43 percent above its 52-week low.

Market capitalisation stands at Rs 4,731.68 crore.

#1 Profit rises 4.7% to Rs 317.5 crore Vs Rs 303.2 crore, YoY

#2 Net interest income increases 0.2% to Rs 597.1 crore Vs Rs 596.1 crore, YoY

#3 Provisions and contingencies drop 69.2% to Rs 20 crore Vs Rs 64.9 crore, YoY

#4 Gross NPA falls to 1.01% Vs 1.22%, QoQ

#5 Net NPA declines to 0.26% Vs 0.33%, QoQ

#1 Profit zooms 64% to Rs 221.4 crore Vs Rs 135 crore, YoY

#2 Revenue grows 10.8% to Rs 4,011.3 crore Vs Rs 3,621.6 crore, YoY

#1 Profit drops 20.9% to Rs 534 crore Vs Rs 675 crore, YoY

#2 Revenue rises 6.7% to Rs 6,595.8 crore Vs Rs 6,183.7 crore, YoY

#1 Net loss narrows to Rs 10.4 crore Vs loss of Rs 10.8 crore, YoY

#2 Revenue soars 10.8% to Rs 1,685.3 crore Vs Rs 1,521.1 crore, YoY

Mahindra Logistics was quoting at Rs 347.95, down Rs 6.10, or 1.72 percent.

It has touched an intraday high of Rs 353.95 and an intraday low of Rs 345.20.

It was trading with volumes of 4,837 shares, compared to its five day average of 4,707 shares, an increase of 2.77 percent.

In the previous trading session, the share closed down 0.69 percent or Rs 2.45 at Rs 354.05.

The share touched a 52-week high of Rs 387.94 and a 52-week low of Rs 217.70 on 07 November, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 10.31 percent below its 52-week high and 59.83 percent above its 52-week low.

Market capitalisation stands at Rs 3,450.99 crore.

#1 Company’s core PAT of missed estimate, by 10 percent

#2 Chemicals EBIT came below estimate as strength in ref gases offset specialty chem weakness

#3 Packaging missed owing to reduced market volumes

SRF was quoting at Rs 3,006.65, down Rs 13.90, or 0.46 percent.

It has touched an intraday high of Rs 3,040.00 and an intraday low of Rs 2,996.45.

It was trading with volumes of 10,015 shares, compared to its five day average of 50,227 shares, a decrease of -80.06 percent.

In the previous trading session, the share closed down 2.10 percent or Rs 64.80 at Rs 3,020.55.

The share touched a 52-week high of Rs 3,319.00 and a 52-week low of Rs 2,127.55 on 10 July, 2025 and 22 November, 2024, respectively.

Currently, the stock is trading 9.41 percent below its 52-week high and 41.32 percent above its 52-week low.

Market capitalisation stands at Rs 89,124.57 crore.

Multi Commodity Exchange of India was quoting at Rs 9,115.20, down Rs 193.45, or 2.08 percent.

It has touched an intraday high of Rs 9,359.75 and an intraday low of Rs 9,101.30.

It was trading with volumes of 18,076 shares, compared to its five day average of 21,244 shares, a decrease of -14.91 percent.

In the previous trading session, the share closed up 3.23 percent or Rs 291.35 at Rs 9,308.65.

The share touched a 52-week high of Rs 9,612.40 and a 52-week low of Rs 4,410.10 on 15 October, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 5.17 percent below its 52-week high and 106.69 percent above its 52-week low.

Market capitalisation stands at Rs 46,486.03 crore.

The Sensex was down 451.21 points or 0.53 percent at 84,327.63, and the Nifty was down 115.30 points or 0.44 percent at 25,850.75. About 1742 shares advanced, 1875 shares declined, and 167 shares unchanged.

The Heavy Engineering vertical of L&T has recently secured multiple orders in the international and domestic markets.

On the international front, the vertical has secured an order from the United States to manufacture Vessels for an NGL fractionator project and the Cartridge for a Blue Ammonia project in Louisiana.

From Mexico, the vertical has secured orders for ammonia and urea processing equipment for two fertiliser plants. From Brazil for critical Heat Exchangers in the replacement market.

From Saudi Arabia the vertical has won the order for a refinery and integrated petrochemical complex in Saudi Arabia for amendment to a critical contract related to the HOFCC Reactor and Regenerator revamp.

In the nuclear power equipment sector, vertical has secured orders for critical equipment to be supplied to international and domestic nuclear projects.

In the domestic market, vertical has secured crucial equipment orders for the 2RK65 Heat Exchanger Package (4 units) of proprietary MOC, meant for one of the major customer’s 3 MMTPA PTA7 project at Dahej in Gujarat.

#1 Q2 EBITDA margin was 228 bps higher than estimate

#2 Despite BEV revenue declining & integration of lower EBITDA margin railway business

#3 Revenue increased 24 percent YoY, while BEV revenue declined 17 percent YoY

#4 One of key global EV customers continued to face challenges for one of its main models

#5 Company highlighted that three of its direct competitors in Europe have filed for insolvency

#6 Competitors insolvency could potentially lead to company receiving more orders from Europe

#1 Profit soars 17.7% to Rs 69.5 crore Vs Rs 59 crore, YoY

#2 Revenue rises 7.2% to Rs 1,120.7 crore Vs Rs 1,045.2 crore, YoY

Jubilant Ingrevia was quoting at Rs 689.70, up Rs 12.30, or 1.82 percent.

It has touched an intraday high of Rs 693.50 and an intraday low of Rs 664.80.

It was trading with volumes of 36,387 shares, compared to its five day average of 41,804 shares, a decrease of -12.96 percent.

In the previous trading session, the share closed up 0.12 percent or Rs 0.80 at Rs 677.40.

The share touched a 52-week high of Rs 884.95 and a 52-week low of Rs 556.55 on 12 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 22.06 percent below its 52-week high and 23.92 percent above its 52-week low.

Market capitalisation stands at Rs 10,985.62 crore.

Studds Accessories is a market leader in the two-wheeler helmet industry with a fully integrated manufacturing set-up from design to the final product. Its domestic market share as of FY24 stood at 27.3%/25.5% in volume/value terms respectively.

SAL’s Revenue/EBITDA/PAT have grown at a CAGR of 8%/32%/45% respectively over FY23-25.

The company has healthy return ratios with a robust balance sheet and has been funding its growth through internal accruals.

The anticipated upcycle in the domestic two-wheeler industry post the recent GST rationalization along with increasing safety and regulatory requirements act as tailwinds for SAL’s products.

At the upper price band of Rs 585, SAL is valued at FY25 PE of 33.1x on post issue capital. We recommend investors to subscribe to the issue at the upper price band.

ICICI Prudential Life Insurance has introduced a new digital payment experience that enables customers to pay premiums directly through their preferred banking mobile application in a secure manner without entering separate internet banking login credentials.

This service has been activated through NPCI’s Banking Connect platform, which was unveiled at the Global Fintech Fest (GFF) 2025, and ICICI Prudential Life is the first life insurer to enable this feature for its customers.

ICICI Prudential Life Insurance Company was quoting at Rs 603.40, up Rs 2.75, or 0.46 percent.

It has touched an intraday high of Rs 603.60 and an intraday low of Rs 599.35.

It was trading with volumes of 59,200 shares, compared to its five day average of 24,818 shares, an increase of 138.54 percent.

In the previous trading session, the share closed down 0.33 percent or Rs 2.00 at Rs 600.65.

The share touched a 52-week high of Rs 772.55 and a 52-week low of Rs 517.00 on 29 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 21.9 percent below its 52-week high and 16.71 percent above its 52-week low.

Market capitalisation stands at Rs 87,304.69 crore.

RateGain Travel Technologies announced the expansion of its strategic partnership with Royal Orchid Hotels to power its expanding portfolio, including its new luxury and lifestyle brand, ICONIQA Hotels and Resorts.

#1 Profit tanks 76.5% to Rs 13.9 crore Vs Rs 59 crore, YoY

#2 Revenue grows 11.4% to Rs 527.7 crore Vs Rs 473.6 crore, YoY

Raymond was quoting at Rs 577.65, down Rs 12.50, or 2.12 percent.

It has touched an intraday high of Rs 584.85 and an intraday low of Rs 575.75.

It was trading with volumes of 12,473 shares, compared to its five day average of 10,527 shares, an increase of 18.49 percent.

In the previous trading session, the share closed up 2.45 percent or Rs 14.10 at Rs 590.15.

The share touched a 52-week high of Rs 1,908.35 and a 52-week low of Rs 530.00 on 11 December, 2024 and 14 May, 2025, respectively.

Currently, the stock is trading 69.73 percent below its 52-week high and 8.99 percent above its 52-week low.

Market capitalisation stands at Rs 3,845.63 crore.

#1 Revenue up 25.4% at Rs193.4 cr vs Rs154.2 cr (YoY)

#2 EBITDA up 95% at Rs63.60 cr vs Rs32.60 cr (YoY)

#3 Margin at 33% vs 21% (YoY)

The Sensex was down 385.02 points or 0.45 percent at 84,393.82, and the Nifty was down 107.70 points or 0.41 percent at 25,858.35. About 1696 shares advanced, 1786 shares declined, and 183 shares unchanged.

#1 Profit zooms 28.1% to Rs 749.5 crore Vs Rs 585.1 crore, YoY

#2 Revenue rises 6.3% to Rs 2,929.2 crore Vs Rs 2,756.8 crore, YoY

#3 Board declares an interim dividend of Rs 6 per share

#1 Profit grows 32.8% to Rs 626.5 crore Vs Rs 471.7 crore, YoY

#2 Revenue increases 16.1% to Rs 2,167.9 crore Vs Rs 1,867.5 crore, YoY

PNB Housing Finance was quoting at Rs 922.15, down Rs 5.85, or 0.63 percent.

It has touched an intraday high of Rs 930 and an intraday low of Rs 886.60.

It was trading with volumes of 106,518 shares, compared to its five day average of 53,003 shares, an increase of 100.97 percent.

In the previous trading session, the share closed up 2.23 percent or Rs 20.20 at Rs 928.

The share touched a 52-week high of Rs 1,141.85 and a 52-week low of Rs 746.10 on 09 June, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 19.24 percent below its 52-week high and 23.6 percent above its 52-week low.

Market capitalisation stands at Rs 24,022.80 crore.

The company’s subsidiary, Reliance Jio, net-added 32.5 lakh wireless subscribers in September, compared to an addition of 19.5 lakh users in August.

Reliance Industries was quoting at Rs 1,482.60, down Rs 1.40, or 0.09 percent.

It has touched an intraday high of Rs 1,492.10 and an intraday low of Rs 1,480.15.

It was trading with volumes of 1,021,692 shares, compared to its five day average of 886,376 shares, an increase of 15.27 percent.

In the previous trading session, the share closed up 2.24 percent or Rs 32.55 at Rs 1,484.

The share touched a 52-week high of Rs 1,551 and a 52-week low of Rs 1,115.55 on 09 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 4.41 percent below its 52-week high and 32.9 percent above its 52-week low.

Market capitalisation stands at Rs 2,006,324.39 crore.

Greaves Cotton was quoting at Rs 224.65, up Rs 12.25, or 5.77 percent.

It has touched an intraday high of Rs 226.80 and an intraday low of Rs 212.

It was trading with volumes of 273,251 shares, compared to its five day average of 35,928 shares, an increase of 660.54 percent.

In the previous trading session, the share closed up 3.64 percent or Rs 7.45 at Rs 212.40.

The share touched a 52-week high of Rs 319.50 and a 52-week low of Rs 154.50 on 30 December, 2024 and 13 November, 2024, respectively.

Currently, the stock is trading 29.69 percent below its 52-week high and 45.4 percent above its 52-week low.

Market capitalisation stands at Rs 5,230.85 crore.

The telecom operator added 4.37 lakh wireless subscribers in September, compared to 4.96 lakh users added in August.

Bharti Airtel was quoting at Rs 2,083.00, up Rs 1.95, or 0.09 percent.

It has touched a 52-week high of Rs 2,103.40.

It has touched an intraday high of Rs 2,103.40 and an intraday low of Rs 2,072.

It was trading with volumes of 38,154 shares, compared to its five day average of 235,221 shares, a decrease of -83.78 percent.

In the previous trading session, the share closed up 2.56 percent or Rs 51.95 at Rs 2,081.05.

Market capitalisation stands at Rs 1,208,176.92 crore.

Vodafone Idea recorded a net loss of 7.44 lakh wireless subscribers in September, against a loss of 3.08 lakh users in August.

Vodafone Idea was quoting at Rs 9.76, down Rs 0.23, or 2.30 percent.

It has touched an intraday high of Rs 10.15 and an intraday low of Rs 9.73.

It was trading with volumes of 45,371,942 shares, compared to its five day average of 32,936,707 shares, an increase of 37.75 percent.

In the previous trading session, the share closed up 3.85 percent or Rs 0.37 at Rs 9.99.

The share touched a 52-week high of Rs 10.57 and a 52-week low of Rs 6.12 on 27 October, 2025 and 14 August, 2025, respectively.

Currently, the stock is trading 7.66 percent below its 52-week high and 59.48 percent above its 52-week low.

Market capitalisation stands at Rs 105,742.80 crore.

#1 Q2 beats estimates on strong refining GRM

#2 Reported refining margin of $10.7/bbl, led by an inventory gain of $1.7/bbl

#3 Crude throughput dropped 6 percent QoQ to 17.6 mt

#4 Adjusted net income at Rs 76 billion was up 34 percent QoQ

#5 Petchem segment posted EBIT profit of Rs 1.7 billion versus loss of Rs 10 million in Q1FY26