Closing Bell: Nifty above 25,300, Sensex up 575 pts; all sectors in the green

Indian equity indices ended on strong note with Nifty above 25,300 on October 15. At close, the Sensex was up 575.45 points or 0.70 percent at 82,605.43, and the Nifty was up 178.05 points or 0.71 percent at 25,323.55.

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.

Markets rebounded sharply on Wednesday, gaining over half a percent and extending the prevailing positive momentum. After a firm start, the Nifty continued to move higher through most of the session, though mild profit-taking in the final hour trimmed some gains. Eventually, it closed at 25,323.55, up 0.71%. Sector-wise, most indices ended in the green, with realty, financials, and metals leading the advance. The broader market also remained constructive, as both midcap and smallcap indices posted healthy gains, supported by strong market breadth.

The up move was driven by some easing in US-China trade tussle and a rebound in the rupee from recent lows. Additionally, a stable start to the earnings season and rating agencies reaffirming their positive outlook on India helped counter lingering worries around global growth and trade tensions.

Technically, the Nifty looks poised to retest the trendline hurdle near 25,450, and a decisive breakout above this level could propel the index toward 25,650 and beyond. We maintain a bullish bias and continue to advocate a “buy on dips” approach as long as the index holds above the 25,000 support zone. Sector rotation currently favors banking, metals, and auto, while defensives like FMCG and pharma may continue to underperform in the near term, so participants should align their positions accordingly.

After showing sharp weakness on Tuesday, Nifty witnessed sharp bounced back on Wednesday and closed the day higher by 178 points. After opening on a positive note, the market witnessed a sustainable upmove for better part of the session. Intraday dips have been utilized to move higher and Nifty finally closed near the highs.

A long bull candle was formed on the daily chart, that indicates counter attack of bulls after one session of weakness on Tuesday. Nifty is currently placed at the edge of breakout of cluster resistance like down sloping trend line, previous swing high and upper range of last few sessions around 25400-25500 levels.

The underlying trend of Nifty is positive. A decisive breakout of key resistance at 25500 is likely to open more upside towards 25700-25800 in the near term. Immediate support is placed at 25200.

Today, Indian equity market ended positively with the Sensex rising 575 points to close at 82,605 and the Nifty 50 gaining 178 points to settle at 25,324. The uptrend was driven by broad-based optimism led by easing crude oil prices, stronger global cues, and hopes of an upcoming RBI rate cut following inflation slipping to an eight year low of 1.54%. Bajaj Finance, Bajaj Finserv, L&T, Asian Paints, and Nestle India led the rally, rising up to 4%, while IT majors Infosys and Tech Mahindra saw mild corrections post their Q2 results.

All sectoral indices ended in the green, with the Nifty Realty index up 3% amid robust September housing data and PSU Bank, Metal, and Power indices gaining over 1% each.

The mid cap and small cap segments rose 1.1% and 0.8%, underlining broad market participation. RBL Bank surged to a five year high on reports that Emirates NBD may acquire up to a 60% stake, while ICICI Lombard advanced nearly 8% after strong Q2 earnings. Global sentiment strengthened as U.S. Treasury yields eased and crude prices fell below $78/barrel, soothing inflation and trade concerns.

With inflation at multi-year lows and crude prices stabilizing, expectations for a rate cut by the RBI in its December policy are firming, which could sustain buying interest in rate sensitive sectors like realty, banking, and autos. However, profit-taking may emerge in IT and defensives as investors rotate toward cyclical themes. Sentiment remains constructive with focus on upcoming earnings from HDFC Bank and Reliance Industries this week.

The Nifty index opened higher at 25,182 and witnessed a steady upward movement throughout the session, reflecting renewed buying interest after Tuesday’s decline. The Index closed 0.71% higher at 25,323.

On the sectoral front, Nifty Realty was the top sectoral gainer, ending with a gain of 3.07%, followed by PSU Banks which ended with gains of 1.67%. On the other hand, Nifty Media was the only sector to end the day in red. On the stock front, Bajaj Finance & Nestle India ended up as the top gainers, while Infosys and Bajaj Auto emerged as the top two losers.

The broader market indices, mirrored the performance seen in the frontline indices and closed higher. Midcap Index relatively outperformed even the Smallcap Index, ending the session 1.11% higher. On the other hand, the Smallcap Index closed 0.82% higher. The market breadth significantly improved with advance-decline ratio tilting in the favour of the bulls as a total of 366 stocks out of the Nifty 500 closed in the green, reflecting broad based buying.

Nifty View

On 15th October, the index came close to testing its 20-day EMA zone of 25,030–25,040 but managed to hold firmly above it, indicating that the short-term trend remains positive and the recent dip was well absorbed by the market.

Interestingly, yesterday’s low of 25,061 coincided with the midline of the Bollinger Bands, which often acts as a dynamic support zone. The subsequent bounce from this level highlights that the index is respecting its mean and that volatility remains well-contained within the current uptrend

On the other hand, the zone of 25,310–25,330 has acted as a stiff resistance over the past four sessions, with Nifty consistently facing selling pressure at this level. The index did manage to decisively move past this hurdle but again faced rejection at higher levels. A strong close above this zone will be essential for the index to continue its upward momentum.

The RSI, which had dipped to 55.08 in the previous session, has now rebounded to 60.49. This uptick in RSI reflects a pickup in bullish momentum and signals that buyer are gradually regaining control, although follow-through above resistance will be key for further confirmation. The MACD continues to trade above both the zero line and the signal line, indicating that the underlying medium-term trend remains constructive.

Looking at key levels, the 25,450 level will act as an immediate resistance for the Index. This level also coincides with the previous swing high made on 18th September. If the index manages to give a follow through move above the level of 25,450, then pullback can continue further till 25,650 level. While, on the downside, the zone of 25,200-25,150 will act as a crucial support for the Index.

Bank Nifty View

Bank Nifty opened at 56,529 and, despite showing initial weakness with an intraday low of 56,492, the index quickly regained strength and moved higher through the session, eventually ending the day higher with a gain of 0.54% at 56,800. This steady recovery reflects sustained buying interest and underlying strength within the banking space.

Over the past three sessions, the zone of 56,750–56,800 had acted as a stiff resistance for the index. Today, Bank Nifty managed to break out above this zone, though profit booking at higher levels led to some retracement, bringing the price back towards the resistance zone. Despite the pullback on an Intraday basis, the Index managed to close just near this resistance zone.

Also, Bank Nifty continues to outperform the Nifty, as reflected by the rising ratio line in Bank Nifty/Nifty ratio chart, indicating that relative strength remains firmly in favour of banking stocks.

The ADX indicator is in a rising mode, which signifies that the ongoing trend is gaining strength. A rising ADX, regardless of direction, confirms that momentum is building, supporting the case for a sustained trending move in the near term. Meanwhile, the RSI has climbed to 67.48, suggesting that while the index is showing strong momentum, there is still room for further upside before it reaches overextended levels.

Looking at key levels, the 56,900–57,000 zone will act as an immediate resistance for the index. If the index manages to give a follow through move above the level of 57,000, the pullback can continue further till 57,600 level. While, on the downside, the zone of 56,300-56,200 will act as a crucial support for the index.

#1 Value of new business (VNB) rose 7.6% at Rs 1,009 crore versus Rs 940 crore, YoY

#2 Value of new business margin 24.1% versus 24.3%, YoY

#3 New business premium up 10.5% at Rs 8,950 crore versus Rs 8,097 crore, YoY

After a quiet year, India's main market has rebounded, as seen by the two huge initial public offerings (IPOs) that took place in October and put investor appetite to the test. One of the best IPO achievements in recent years was achieved by LG Electronics India, whose IPO was reportedly oversubscribed 54 times and saw a 50% increase in listing. Despite minor margin gains, Tata Capital saw a flat listing. These impressive performances helped make up for the year's sluggish start andindicate that investors are once again confident in high-quality firms with sound business plans andpromising futures.

Overall, though, the IPO momentum this month has been a little erratic. Many other October IPOs have had difficulty maintaining investor interest after listing, but LG Electronics stood out with a solid valuation and favourable listing gains. According to reports, eight of the twelve mainboard initial public offerings (IPOs) that were introduced this month are currently trading below their issue price. This is a result of issuers' aggressive pricing strategy and the lack of retail involvement. Due to recent setbacks, where not all initial public offerings (IPOs) promised immediate profits, investors have grown more wary. The current market prefers sound fundamentals and fair pricing over overhyped or speculative goods.

With five large initial public offerings (IPOs) planned to raise over Rs 35,000 crore across the fintech, asset management, consumer electronics, and lifestyle sectors, the primary market is expected to have a busy November as we look to the remainder of 2025. It is anticipated that well-known companies like Lenskart, Groww, Pine Labs, ICICI Prudential AMC, and BOAT will retest the market.

The Indian Rupee's significant rally today, the largest since late June, was primarily driven by central bank intervention, a softer dollar index, and supportive factors like lower crude oil prices and renewed foreign fund inflows.

Looking ahead, the near-term the spot USDINR has support at 87.70 and resistance at 88.50.

Net Interest Income (NII) rose 2% at Rs 13,744.5 crore versus Rs 13,483 crore, YoY

The national market inched higher after two days of selling; a dovish comment by the Fed chair on rates and considering an end to its quantitative tightening sparked the global market sentiment.

The US 10-year yield declined while the rupee gained, indicating a momentum shift in FIIs to emerging markets like India, which may navigate the domestic market trajectory in the short to medium term.

Realty outperformed due to an ease in the interest rate cycle and attractive valuation, while positive global cues supported the IT and Metal indices.

Indian rupee ended 72 paise higher at 88.07 per dollar on Wednesday versus Tuesday's close of 88.79.

Indian equity indices ended on strong note with Nifty above 25,300 on October 15.

At close, the Sensex was up 575.45 points or 0.70 percent at 82,605.43, and the Nifty was up 178.05 points or 0.71 percent at 25,323.55. About 2393 shares advanced, 1587 shares declined, and 152 shares unchanged.

Biggest Nifty gainers were Bajaj Finserv, Bajaj Finance, Trent, Nestle India, Asian Paints, while losers were Infosys, Tata Motors, Bajaj Auto, Tech Mahindra, Axis Bank.

All the sectoral indices ended in the green with realty index up 3%, while power, consumer durables, PSU Bank, metal and telecom indices up 1-2%

BSE midcap index added 1%, and smallcap index jumped 0.7%.

#1 Q2 revenue & margin broadly in-line but profit missed on FX losses

#2 Strong order wins support H2FY26, but FY27 growth recovery looks unlikely

#3 15 percent margin target for FY27 seems optimistic amid slow growth & wage pressures

#1 PAT above estimate, driven by high retention & investment income, combined ratio CR YoY

#2 Management was positive on premium growth outlook on the back of industry tailwinds

#3 Profitability would remain a priority

#4 Cut EPS estimates to factor in higher CR

#1 All-round performance in 2Q, deal wins healthy

#2 Margin beat led by lower software licence cost

#3 Raise FY26-28 EPS by 3–5 percent

#4 Stock trading at 37.5x FY27 EPS

Heritage Foods was quoting at Rs 491.80, up Rs 6.95, or 1.43 percent.

It has touched an intraday high of Rs 499.00 and an intraday low of Rs 484.85.

It was trading with volumes of 18,863 shares, compared to its five day average of 20,683 shares, a decrease of -8.80 percent.

In the previous trading session, the share closed down 2.35 percent or Rs 11.65 at Rs 484.85.

The share touched a 52-week high of Rs 658.00 and a 52-week low of Rs 355.55 on 22 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 25.26 percent below its 52-week high and 38.32 percent above its 52-week low.

Market capitalisation stands at Rs 4,563.71 crore.

#1 Company posted strong fiscal Q2 with 4 percent OR & 7 percent ARR growth driving 13 percent RevPAR

#2 Company reiterated mid- to high-teens EBITDA growth target for FY26, aligned with estimates

#3 Growth strategy focuses on building & owning luxury, a capital-heavy approach

#4 Partnership with brookfield enables aggressive expansion while managing leverage

Indian rupee is trading 65 paise higher at 88.14 per dollar versus Tuesday's close of 88.79.

The Sensex was up 513.79 points or 0.63 percent at 82,543.77, and the Nifty was up 165.25 points or 0.66 percent at 25,310.75. About 2228 shares advanced, 1549 shares declined, and 113 shares unchanged.

Imports in September up 16.7% at USD 68.53 billion versus USD 58.74 billion, YoY

HDFC Asset Management Company was quoting at Rs 5,700.35, up Rs 105.90, or 1.89 percent.

It has touched an intraday high of Rs 5,755.00 and an intraday low of Rs 5,606.35.

It was trading with volumes of 26,101 shares, compared to its five day average of 8,954 shares, an increase of 191.50 percent.

In the previous trading session, the share closed down 1.31 percent or Rs 74.05 at Rs 5,594.45.

The share touched a 52-week high of Rs 5,925.50 and a 52-week low of Rs 3,525.05 on 25 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 3.8 percent below its 52-week high and 61.71 percent above its 52-week low.

Market capitalisation stands at Rs 121,989.63 crore.

Godrej Properties announced the acquisition of a prime ~ 26-acre land parcel in South Bengaluru, situated near Sarjapur Road. The company plans to develop a premium residential project on this land, with an estimated revenue potential of ~ Rs 1,100 crore.

QIB – 0.48 times

NII - 2.29 times

Retail – 1.15 times

Employee Reserved - 1.88 times

Overall – 1.20 times

Tata Consultancy Services was quoting at Rs 2,974.95, up Rs 14.65, or 0.49 percent.

It has touched an intraday high of Rs 2,979.90 and an intraday low of Rs 2,951.60.

It was trading with volumes of 206,126 shares, compared to its five day average of 273,533 shares, a decrease of -24.64 percent.

In the previous trading session, the share closed down 1.56 percent or Rs 46.85 at Rs 2,960.30.

The share touched a 52-week high of Rs 4,494.00 and a 52-week low of Rs 2,867.55 on 10 December, 2024 and 01 October, 2025, respectively.

Currently, the stock is trading 33.8 percent below its 52-week high and 3.75 percent above its 52-week low.

Market capitalisation stands at Rs 1,076,362.95 crore.

Dilip Buildcon was quoting at Rs 493.05, down Rs 7.55, or 1.51 percent.

It has touched an intraday high of Rs 500 and an intraday low of Rs 485.

It was trading with volumes of 9,325 shares, compared to its five day average of 13,040 shares, a decrease of -28.49 percent.

In the previous trading session, the share closed down 2.90 percent or Rs 14.95 at Rs 500.60.

The share touched a 52-week high of Rs 587.90 and a 52-week low of Rs 363.45 on 24 September, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 16.13 percent below its 52-week high and 35.66 percent above its 52-week low.

Market capitalisation stands at Rs 7,209.13 crore.

AstraZeneca Pharma was quoting at Rs 9,090.95, down Rs 49.30, or 0.54 percent.

It has touched an intraday high of Rs 9,150.65 and an intraday low of Rs 9,075.00.

In the previous trading session, the share closed down 0.87 percent or Rs 80.50 at Rs 9,140.25.

The share touched a 52-week high of Rs 10,653.05 and a 52-week low of Rs 6,222.35 on 13 June, 2025 and 21 November, 2024, respectively.

Currently, the stock is trading 14.66 percent below its 52-week high and 46.1 percent above its 52-week low.

Market capitalisation stands at Rs 22,727.38 crore.

The royalty fees payable by Hardcastle Restaurants Pvt Ltd (HRPL), a wholly-owned subsidiary of Westlife Foodworld Ltd, to McDonald’s Corporation for FY26 is 5.0%, subject to meeting network growth objectives.

Westlife Foodworld was quoting at Rs 599.50, down Rs 5.95, or 0.98 percent.

It has touched a 52-week low of Rs 599.

It has touched an intraday high of Rs 619.20 and an intraday low of Rs 599.

It was trading with volumes of 3,574 shares, compared to its five day average of 5,760 shares, a decrease of -37.95 percent.

In the previous trading session, the share closed down 3.26 percent or Rs 20.40 at Rs 605.45.

Market capitalisation stands at Rs 9,348.37 crore.

Adani Green Energy Twenty Six A Limited, wholly-owned stepdown subsidiary of the company has operationalized a 50 Mw solar power project at Khavda,

Gujarat.

With commissioning of these plants, AGEL’s total operational renewable generation capacity has increased to 16,729.80 MW.

Adani Green Energy Limited was quoting at Rs 1,041.45, up Rs 5.20, or 0.50 percent.

It has touched an intraday high of Rs 1,050.10 and an intraday low of Rs 1,034.05.

It was trading with volumes of 117,052 shares, compared to its five day average of 85,550 shares, an increase of 36.82 percent.

In the previous trading session, the share closed down 1.43 percent or Rs 15.05 at Rs 1,036.25.

The share touched a 52-week high of Rs 1,772.45 and a 52-week low of Rs 758.00 on 16 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 41.24 percent below its 52-week high and 37.39 percent above its 52-week low.

Market capitalisation stands at Rs 171,545.16 crore.

The expectation that the Federal Reserve (Fed) will cut interest rates later in October 2025 is widely shared among investors and analysts, with a nearly high probability, but we differ. In case this is executed, this will drive the US economy further towards the cliff of doom aggressively.

In case of this action , the Indian markets could give a good trading opportunity but investors need to remain cautious.

If the Fed does cut rates, it may temporarily propel a rally in equities, including Indian markets, as traders could hype up the influx of liquidity. However, this rally is likely to be short-lived and inconsistent, and not in long term interest of investors.

In summary, the hypothesis of Fed rate cuts indeed supports a potential Indian equity rally, but this rally may be unsustainable and marked by volatility. It could benefit traders who can capitalize on short-term price movements but exposes risks for investors seeking stable, consistent returns. The key lies in recognizing that the rate cut signals economic caution rather than robust recovery, urging a cautious, well-timed approach to equity market participation in this period.

The Sensex was up 604.24 points or 0.74 percent at 82,634.22, and the Nifty was up 189.60 points or 0.75 percent at 25,335.10. About 2204 shares advanced, 1523 shares declined, and 130 shares unchanged.

Ultracab (India) Limited been awarded an Annual Rate Contract (ARC) by Larsen & Toubro Limited (L&T Construction) for the supply of PVC insulated cables with flexible conductors, PVC insulated heavy-duty armoured electric cables, and XLPE insulated armoured cables - a total of 63 line items, which will cater to  approximately 600+ project sites, stores, regional offices, and factories of eight (8) divisions of the L&T Group across India at mutually agreed terms and conditions.

Ultracab India was quoting at Rs 10.26, up Rs 0.28, or 2.81 percent.

It has touched an intraday high of Rs 10.27 and an intraday low of Rs 9.80.

It was trading with volumes of 308,396 shares, compared to its five day average of 278,702 shares, an increase of 10.65 percent.

In the previous trading session, the share closed up 6.06 percent or Rs 0.57 at Rs 9.98.

The share touched a 52-week high of Rs 18.30 and a 52-week low of Rs 8.24 on 16 December, 2024 and 09 May, 2025, respectively.

Currently, the stock is trading 43.93 percent below its 52-week high and 24.51 percent above its 52-week low.

Market capitalisation stands at Rs 126.15 crore.

Company's wholly owned subsidiary Relonchem Limited in UK has received Marketing Authorization for Clonidine 100 microgram Tablets and Clonidine Hydrochloride 25 microgram Tablets.

Marksans Pharma was quoting at Rs 182.25, up Rs 1.40, or 0.77 percent.

It has touched an intraday high of Rs 184.25 and an intraday low of Rs 179.15.

It was trading with volumes of 48,260 shares, compared to its five day average of 169,670 shares, a decrease of -71.56 percent.

In the previous trading session, the share closed up 1.69 percent or Rs 3.00 at Rs 180.85.

The share touched a 52-week high of Rs 358.50 and a 52-week low of Rs 162.05 on 05 December, 2024 and 07 October, 2025, respectively.

Currently, the stock is trading 49.16 percent below its 52-week high and 12.47 percent above its 52-week low.

Market capitalisation stands at Rs 8,258.91 crore.

Nuvoco Vistas Corporation was quoting at Rs 422.80, down Rs 4.40, or 1.03 percent.

It has touched an intraday high of Rs 431.50 and an intraday low of Rs 416.55.

It was trading with volumes of 16,797 shares, compared to its five day average of 23,832 shares, a decrease of -29.52 percent.

In the previous trading session, the share closed down 0.44 percent or Rs 1.90 at Rs 427.20.

The share touched a 52-week high of Rs 477.35 and a 52-week low of Rs 288.00 on 04 September, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 11.43 percent below its 52-week high and 46.81 percent above its 52-week low.

Market capitalisation stands at Rs 15,100.56 crore.

QIB – 0.48 times

NII - 1.63 times

Retail – 0.92 times

Employee Reserved - 1.73 times

Overall – 0.48 times

Tata Communications was quoting at Rs 1,931.75, up Rs 59.35, or 3.17 percent.

It has touched a 52-week high of Rs 2,000.

It has touched an intraday high of Rs 2,000 and an intraday low of Rs 1,884.35.

It was trading with volumes of 246,766 shares, compared to its five day average of 310,373 shares, a decrease of -20.49 percent.

In the previous trading session, the share closed up 4.16 percent or Rs 74.85 at Rs 1,872.40.

Market capitalisation stands at Rs 55,054.88 crore.

Indian Railway Finance Corporation was quoting at Rs 125.40, up Rs 0.90, or 0.72 percent.

It has touched an intraday high of Rs 128.50 and an intraday low of Rs 125.00.

It was trading with volumes of 609,006 shares, compared to its five day average of 2,065,920 shares, a decrease of -70.52 percent.

In the previous trading session, the share closed down 0.72 percent or Rs 0.90 at Rs 124.50.

The share touched a 52-week high of Rs 166.85 and a 52-week low of Rs 108.05 on 12 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 24.84 percent below its 52-week high and 16.06 percent above its 52-week low.

Market capitalisation stands at Rs 163,879.07 crore.

HCLTech and GSMA are collaborating to advance the GSMA Open Gateway initiative, which works toward enhancing customer experiences, streamlining application development and unlock new revenue streams for the global telecoms industry.

Sonata Software and adesso SE announced a strategic partnership designed to accelerate digital transformation initiatives for enterprise clients, enabling measurable value creation and sustainable growth.

Quick Heal Technologies was quoting at Rs 341.15, up Rs 32.10, or 10.39 percent.

It has touched an intraday high of Rs 348.30 and an intraday low of Rs 315.50.

It was trading with volumes of 513,414 shares, compared to its five day average of 8,556 shares, an increase of 5,900.49 percent.

In the previous trading session, the share closed down 1.06 percent or Rs 3.30 at Rs 309.05.

The share touched a 52-week high of Rs 795.00 and a 52-week low of Rs 252.00 on 17 October, 2024 and 07 May, 2025, respectively.

Currently, the stock is trading 57.09 percent below its 52-week high and 35.38 percent above its 52-week low.

Market capitalisation stands at Rs 1,847.61 crore.

#1 Higher product-level margin due to continued cost control drove the VNB beat

#2 Partially offset by the impact of non-availability of input tax credit

#3 Valuation is inexpensive, but low ROEV, APE share loss & VNB volatility keep co equal-weight

The board of directors of the company at its meeting approved raising of funds through issuance of 1,90,47,619 warrants carrying options to subscribe equity

shares in the ratio of 1 equity share having face value of Rs 10 each at an issue price of Rs 525 for 1  warrant, aggregating up to Rs 1,000 crore, by way of preferential issue on private placement basis to the proposed Allottees.

The company has received an engineering services contract from TI Clean Mobility Private Ltd – Montra Electric for carrying out detailed feasibility and industrialising of the E-Transaxles for electric-powered agricultural tractors, as per the Product Industrialization and Supply Agreement, executed on 14th October, 2025.

Carraro India was quoting at Rs 495.65, down Rs 10.80, or 2.13 percent.

It has touched an intraday high of Rs 519.50 and an intraday low of Rs 494.00.

It was trading with volumes of 17,752 shares, compared to its five day average of 20,180 shares, a decrease of -12.03 percent.

In the previous trading session, the share closed up 9.41 percent or Rs 43.55 at Rs 506.45.

The share touched a 52-week high of Rs 691.30 and a 52-week low of Rs 253.00 on 03 January, 2025 and 09 April, 2025, respectively.

Currently, the stock is trading 28.3 percent below its 52-week high and 95.91 percent above its 52-week low.

Market capitalisation stands at Rs 2,817.85 crore.

The company has set up a new manufacturing unit for manufacture of plastic moulding items, extrusion films and rolls, blown films and rolls at Village Paria, Taluka Pardi, Dist. Valsad,Gujarat.

The company has received required factory license for production of Plastic moulding items, Extrusion films and rolls, Blown films and rolls at above manufacturing unit.

#1 India’s favourable demographics offers a significant runway for growth over medium term

#2 Interestingly, premiumisation is emerging as a secular theme across multiple categories

#3 Premiumisation theme providing a tailwind for strong revenue growth

#4 Hence, value creation for investors will largely depend on companies that innovate, localise

#5 Robust ROE/ROIC (post-tax) of 31 percent/56 percent in FY28

#6 Expect company to trade at the mid-point of the trading band of 30-45x

#1 Strong deals, client stability & margin gains are key positives

#2 Weak deal conversion & tough macro make growth-margin balance challenging

#3 Trades at 1.6 percent discount to HCLTech, making risk-reward less attractive

Man Industries (India) was quoting at Rs 391.10, up Rs 26.10, or 7.15 percent.

It has touched an intraday high of Rs 399.30 and an intraday low of Rs 360.45.

It was trading with volumes of 90,872 shares, compared to its five day average of 16,955 shares, an increase of 435.96 percent.

In the previous trading session, the share closed down 2.80 percent or Rs 10.50 at Rs 365.00.

The share touched a 52-week high of Rs 469.00 and a 52-week low of Rs 201.45 on 30 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 16.61 percent below its 52-week high and 94.14 percent above its 52-week low.

Market capitalisation stands at Rs 2,933.62 crore.

Asian equities started the week with a positive tone as increased optimism about a potential U.S. Federal Reserve rate cut buoyed sentiment across the region. Benchmarks in Japan, Hong Kong and South Korea gained over 1 %, reflecting optimism that the Fed could ease policy as early as December 2025. The dovish turn follows data showing U.S. inflation cooling faster than expected.

Indian equities moved in sync with this global mood. The Nifty 50 inched up about 0.65%, and the Sensex rose 0.63%, with broader participation from mid- and small-caps. That’s a sign of continued domestic confidence. After pulling out nearly ₹35000 crore in September, foreign investors could re-enter if liquidity conditions improve globally. Interestingly, Asian equities as a whole saw around US$7.68billion in foreign inflows last month, largely on hopes of a Fed pivot.

In the past, when the Fed rate cuts outside a recession phase, equities tend to do well, averaging a 10–12% gain over the following year. India has also gone through similar phases comfortably with continued strong growth and earnings delivery.

That said, we can’t ignore the uncertainty surrounding the U.S. political environment. Donald Trump remains unpredictable, and markets are learning to expect the unexpected from every now and then. Any surprise policy comment can shift sentiment overnight.

For now, easing rate expectations and strong momentum across Asia could keep Indian equities well-positioned to ride this regional rally, at least in the near term.

#1 Q2FY26 VNB margin surprise was on the back of better product mix & cost control

#2 ITC impact will be visible in H2FY26

#3 A low base, rising demand & distribution focus should aid APE growth recovery in H2FY26

#4 Valuation of 1.4x FY27 EV remains attractive

Indian rupee is trading 48 paise higher at 88.31 per dollar versus Tuesday's close of 88.79.

Swiggy was quoting at Rs 437.20, down Rs 3, or 0.68 percent.

It has touched an intraday high of Rs 442.15 and an intraday low of Rs 436.10.

In the previous trading session, the share closed up 1.23 percent or Rs 5.35 at Rs 440.20.

The share touched a 52-week high of Rs 617 and a 52-week low of Rs 297 on 23 December, 2024 and 13 May, 2025, respectively.

Currently, the stock is trading 29.14 percent below its 52-week high and 47.21 percent above its 52-week low.

Market capitalisation stands at Rs 109,022.24 crore.

#1 Q2FY26 a good show on most parameters

#2 Deal wins & pipeline strong, aiming for better revenue growth in FY26 vs FY25

#3 Business repair underway, good progress at midpoint of 3-year turnaround journey

#4 Stock currently trades at 18.3x FY27 EPS

#1 Transaction pricing likely as per SEBI formula, without significant premium to CMP

#2 Emirates NBD to acquire shares via fresh equity issuance to its wholly-owned subsidiary

#3 Emirates NBD Bank-RBL Bank deal may be announced in a few days

#1 Strong growth in Q2FY26 along with further improvement in profitability

#2 Deal wins recovered as well

#3 Software engineering skills & improving capabilities to execute managed-service contracts are driving growth

#4 Growth is industry-leading, but so is valuation

The company’s paints plant located at Kharagpur has commenced commercial production on 15 October 2025.

With this all 6 green-field plants have commenced commercial production and installed capacity of decorative paints sold under the brand “Birla Opus” has reached to 1,332 Million Litres Per Annum (MLPA), company said.

Grasim Industries was quoting at Rs 2,809.95, up Rs 35.35, or 1.27 percent.

It has touched an intraday high of Rs 2,809.95 and an intraday low of Rs 2,774.60.

It was trading with volumes of 1,469 shares, compared to its five day average of 16,235 shares, a decrease of -90.95 percent.

In the previous trading session, the share closed down 0.74 percent or Rs 20.75 at Rs 2,774.60.

The share touched a 52-week high of Rs 2,911.80 and a 52-week low of Rs 2,276.10 on 22 September, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 3.5 percent below its 52-week high and 23.45 percent above its 52-week low.

Market capitalisation stands at Rs 188,125.43 crore.

Axis Bank, HDFC Life Insurance Company, HDFC Asset Management Company, HDB Financial Services, L&T Finance, Angel One, Delta Corp, Heritage Foods, Indian Railway Finance Corporation, KEI Industries, Mangalore Refinery and Petrochemicals, Muthoot Capital Services, Network 18 Media & Investments, Nuvoco Vistas Corporation, Oberoi Realty, Quick Heal Technologies, Rossari Biotech, Tata Communications, and Urja Global will release their earnings today.

Indian Railway Finance Corporation was quoting at Rs 126.60, up Rs 2.10, or 1.69 percent.

It has touched an intraday high of Rs 126.80 and an intraday low of Rs 125.00.

It was trading with volumes of 293,533 shares, compared to its five day average of 2,065,920 shares, a decrease of -85.79 percent.

In the previous trading session, the share closed down 0.72 percent or Rs 0.90 at Rs 124.50.

The share touched a 52-week high of Rs 166.85 and a 52-week low of Rs 108.05 on 12 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 24.12 percent below its 52-week high and 17.17 percent above its 52-week low.

Market capitalisation stands at Rs 165,447.29 crore.

Gold rose to a fresh record, boosted by an escalation in US-China frictions and bets the Federal Reserve will cut interest rates twice more this year.

Bullion climbed as much as 1.2% to a peak of $4,193.65 an ounce on Wednesday. Spot silver advanced after a volatile day on Tuesday that saw prices surge to an all-time high above $53.54 an ounce, before tumbling sharply amid signs a historic squeeze is starting to ease.

#1 Q2 VNB of Rs 600 crore was over 1 percent YoY & in-line with estimates

#2 APE fell by 3 percent YoY due to higher base

#3 Margins were up around 100 bps YoY & shall watch for persistency performance

#4 If improvements lack, then IPRU may take negative variance in EV

#5 Absence of input tax credit will drag margins in December quarter

#6 Cut in commissions & opex is key to margins

#7 Cut VNB estimates by 7–8 percent & see 13 percent CAGR over FY25-28

#1 3W sales up 5.5% at 80,477 units against 79,683 units, YoY

#2 Total 2W sales up 6.7% at 20.25 lakh units versus 21.60 lakh units, YoY

The cooling of the WPI inflation on a month-on-month basis is primarily influenced by the softening of food prices, against the backdrop of a good monsoon, leading to considerable moderation in the WPI food index. This decline in the inflationary trend after the previous two months of uptick is characteristic, as the spike was the ripple effect of the unprecedented volatility due to the US Tariff Threat. It is noteworthy that agricultural products have played a significant role in keeping the food inflation index in check, ultimately maintaining a sustained and resilient control over the headline inflation.

This underlines the need to further strengthen agricultural supply chains with technological advancements, invest in better storage, cold-storage infrastructure, and real-time market monitoring. Forecasting models tied to weather and yield data should trigger strategic buffer releases or imports pre-emptively. Being a country heavily driven by agriculture as the biggest contributor to the GDP, it is imperative to keep a hawk’s eye on domestic and international triggers that can have a dampening effect on the agriculture sector, and mitigate risk well in advance to keep this momentum upbeat and sustained.

Overall, going further, a probable rate cut by the RBI along with the GST reforms will further make inroads for moderation of inflation, thus keeping the trend range-bound.

QIB – 0.00 times

NII - 0.52 times

Retail – 0.44 times

Employee Reserved - 0.85 times

Overall – 0.33 times

#1 Profit surges 45.1 percent to Rs 471.5 crore Vs Rs 325 crore, YoY

#2 Revenue grows 23.6 percent to Rs 3,580.7 crore Vs Rs 2,897.2 crore, YoY

#3 EBIT soars 43.5 percent to Rs 583 crore Vs Rs 406.2 crore, YoY

#4 Margin expands to 16.3 percent Vs 14.02 percent, YoY

#5 Revenue in dollar terms jumps 17.6 percent to $406.2 million Vs $345.5 million, YoY

The Sensex was up 509.17 points or 0.62 percent at 82,539.15, and the Nifty was up 170.80 points or 0.68 percent at 25,316.30. About 2131 shares advanced, 1346 shares declined, and 149 shares unchanged.

ICICI Prudential Life Insurance Company was quoting at Rs 579.90, down Rs 17.40, or 2.91 percent.

It has touched an intraday high of Rs 598.10 and an intraday low of Rs 579.50.

It was trading with volumes of 30,634 shares, compared to its five day average of 18,994 shares, an increase of 61.28 percent.

In the previous trading session, the share closed up 0.63 percent or Rs 3.75 at Rs 597.30.

The share touched a 52-week high of Rs 774.95 and a 52-week low of Rs 517.00 on 24 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 25.17 percent below its 52-week high and 12.17 percent above its 52-week low.

Market capitalisation stands at Rs 83,896.56 crore.

Godrej Properties announced the acquisition of a prime ~ 26-acre land parcel in South Bengaluru, situated near Sarjapur Road. The company plans to develop a premium residential project on this land, with an estimated revenue potential of ~ Rs 1,100 crore.

The Board has approved the Succession Plan for the Managing Director of the company. Unsoo Kim, the current Managing Director, will return to South Korea to take on a strategic role at Hyundai Motor Company, effective December 31, 2025.

Tarun Garg, presently serving as Whole-time Director, will succeed Unsoo Kim as the Managing Director & Chief Executive Officer (CEO) of the company, effective January 1, 2026.

Hyundai Motor India was quoting at Rs 2,435.65, up Rs 24.15, or 1.00 percent.

It has touched an intraday high of Rs 2,446.35 and an intraday low of Rs 2,386.00.

It was trading with volumes of 213,726 shares, compared to its five day average of 69,250 shares, an increase of 208.63 percent.

In the previous trading session, the share closed up 1.15 percent or Rs 27.35 at Rs 2,411.50.

The share touched a 52-week high of Rs 2,889.65 and a 52-week low of Rs 1,542.95 on 22 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 15.71 percent below its 52-week high and 57.86 percent above its 52-week low.

Market capitalisation stands at Rs 197,906.57 crore.

The company has signed a License Agreement for a new hotel property in Gandhidham. The property will be managed by its subsidiary, Carnation Hotels.

Lemon Tree Hotels was quoting at Rs 162.20, up Rs 0.60, or 0.37 percent.

It has touched an intraday high of Rs 163.45 and an intraday low of Rs 161.65.

It was trading with volumes of 27,758 shares, compared to its five day average of 251,648 shares, a decrease of -88.97 percent.

In the previous trading session, the share closed down 2.56 percent or Rs 4.25 at Rs 161.60.

The share touched a 52-week high of Rs 180.60 and a 52-week low of Rs 110.55 on 08 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 10.19 percent below its 52-week high and 46.72 percent above its 52-week low.

Market capitalisation stands at Rs 12,850.24 crore.

QIB – 0.00 times

NII - 0.23 times

Retail – 0.22 times

Employee Reserved - 0.52 times

Overall – 0.16 times

#1 PAT beat estimate due to higher investment income

#2 Combined ratio & underwriting results were weak

#3 Premium growth outlook for Q3FY26 is strong across motor & health

#4 Sustained high growth is key as valuation is not cheap

Axis Bank, HDFC Life Insurance Company, HDFC Asset Management Company, HDB Financial Services, L&T Finance, Angel One, Delta Corp, Heritage Foods, Indian Railway Finance Corporation, KEI Industries, Mangalore Refinery and Petrochemicals, Muthoot Capital Services, Network 18 Media & Investments, Nuvoco Vistas Corporation, Oberoi Realty, Quick Heal Technologies, Rossari Biotech, Tata Communications, and Urja Global will release their earnings today.