Nifty 50 opened at 25,085.30, up by 12 points (0.07%). Bank Nifty opened at 56,144.75 increased by 31.25 points (0.056%). Sensex opened at 81,883.95, up 93 points (0.03%). GIFT Nifty is currently trading at 25,200.00.
Global index as of October 7, 2025
- DOW 30 closed at 46,694.97, down by 63.31 points (0.14%).
- S&P 500 closed at 6,740.28, up by 24.49 points (0.36%).
- NASDAQ increased by 161.16 points (0.71%), closing at 22,941.67.
- FTSE 100 decreased by 12.11 points (-0.13%) to settle at 9,479.14.
- DAX decreased by 0.51 points (-0.0021%), ending at 24,378.29.
- NIKKEI 225 increased 320.22 points (0.67%) to trade at 48,264.98.
Commodities Update
- Gold: Currently trading at Rs. 120,447 per 10 grams.
- Silver: up by 0.10%, now at Rs 147,670 per kilo.
- Crude Oil: Prices jumped by 0.40%, reaching 65.505, compared to the previous close.
Global events/updates
- AMD shares surged 23% after reports that OpenAI plans to acquire a 10% stake in the company. The deal includes deploying up to 6 gigawatts of AMD Instinct GPUs over several years, starting with 1 gigawatt in 2026. AMD also issued OpenAI a warrant for 160 million shares, linked to deployment and performance milestones.
- Japan’s Nikkei 225 hit another record high, driven by a global tech rally following the AMD–OpenAI deal, seen as a challenge to Nvidia. Chip stocks like Advantest, Renesas, and Tokyo Electron gained sharply. Bond yields reached multi-decade highs, while the yen weakened further. U.S. markets also hit new records, led by AMD’s 24% surge.
- President Trump hinted at possible talks with Democrats on healthcare but later insisted discussions would happen only after the government reopens. The Senate again rejected a stopgap bill to end the shutdown. Democrats demand action on Obamacare subsidies and Medicaid funding, while Republicans resist. The standoff continues, raising concerns over prolonged closures and federal layoffs.
- Nitin Gadkari said farmers earned ₹45,000 crore from ethanol production, boosting rural income. He predicted electric vehicle prices will match petrol cars within 4–6 months, reducing fuel imports worth ₹22 lakh crore annually. Highlighting rapid growth, he said India’s automobile industry expanded from ₹14 lakh crore to ₹22 lakh crore, aiming to become the world’s largest in five years.
- Commerce Minister Piyush Goyal said India neither promotes nor bans cryptocurrencies but taxes them heavily as they lack sovereign backing. He highlighted plans for an RBI-backed digital rupee with blockchain traceability for secure, faster transactions. Currently, crypto income in India is taxed at 30%, with a 1% TDS on transactions above ₹10,000 to ensure compliance.
Stocks to watch
- Bank of India: Reported a year-on-year business update with domestic deposits up 8.5% at ₹7.3 lakh crore. Global gross advances rose 13.9% to ₹7.1 lakh crore, and global deposits grew 10% to ₹8.5 lakh crore, taking total global business up 11.8% to ₹15.6 lakh crore.
- Tata Motors: Domestic sales of its compact SUV Curvv fell 35.8% to 5,274 units, while production volume declined 39.8% to 5,289 units.
- Metropolis Health: Posted a 23% YoY rise in consolidated Q2 revenue, with core diagnostics showing high single-digit margins. The company remains debt-free with a ₹55 crore net cash surplus.
- PNC Infratech: Received appointment dates from NHAI for two of its projects.
- HCL Technologies: Joined the US-based MIT Media Lab to collaborate on artificial intelligence research.
- Garden Reach Shipbuilders & Engineers: The government appointed Niranjan Mukund Bhalereo as Director (Finance) and CFO.
- Zydus Lifesciences: Received approval from Health Canada for Liothyronine tablets used to treat hypothyroidism.
- Brigade Enterprises: Signed a joint development agreement for premium residential projects in Chennai, with an estimated gross development value of ₹1,000 crore.
- Oil India & Mahanagar Gas: Signed an MoU to jointly explore opportunities across the LNG value chain and emerging clean energy sectors, focusing on sustainable growth and expanding their footprint in India’s evolving energy landscape.
- Dilip Buildcon: Through its DBL-APMPL JV, received a Letter of Acceptance for developing a 100 MW solar PV project to supply power to Madhya Pradesh Jal Nigam for 25 years under captive mode.
- LTIMindtree: Entered a multi-year strategic agreement with a leading global media and entertainment company to deliver advanced digital solutions, technology consulting, and transformation services aimed at enhancing operational efficiency and customer engagement.
- Coal India: Signed a non-binding MoU with Chhattisgarh Mineral Development Corporation to collaborate on the exploration and mining of critical minerals and other resources of mutual interest to boost India’s mineral security.
- Aster DM Healthcare: Received No Objection Certificates from both BSE and NSE for the merger of Quality Care India with itself, marking a key step toward business consolidation and operational synergy.
- NIBE: Secured purchase orders worth ₹20.57 crore from a major infrastructure and defence company in India for manufacturing and supplying multiple structural components, strengthening its position in the defence supply sector.
- Reliance Industries, Bharti Airtel, Vodafone Idea: In August 2025, Reliance Jio added 19.49 lakh wireless subscribers, Airtel added 4.96 lakh, while Vodafone Idea lost 3.08 lakh, showing marginal improvement from July’s subscriber loss.
Also Read: HDFC Infinia & Diners Credit Cards Are Giving Up to 15% Discounts on Flights and Hotels – Here’s What You Need to Know
Bulk and Block Deals
- Aditya Birla Lifestyle Brands: Flipkart Investments sold its entire 6.02% stake, or 7.3 crore shares, at ₹136.45 per share for ₹998.4 crore. The stake was acquired by 12 investors, including Morgan Stanley, Goldman Sachs, UTI AMC, and SBI Life Insurance.
- Eternal: BofA Securities Europe SA bought 81 lakh shares (0.08% stake) in Zomato’s parent company at ₹328.45 per share, worth ₹266.04 crore, from Goldman Sachs Bank Europe SE – ODI, marking a key institutional transaction.
- Optiemus Infracom: BofA Securities Europe SA acquired 3,54,060 shares (0.4% stake) at ₹672.10 per share, valued at ₹23.79 crore, from Dymon Asia Multi-Strategy Investment (Singapore), signaling growing institutional interest in the telecom and electronics firm.
- Pace Digitek: Morgan Stanley Asia (Singapore) bought 12 lakh shares at ₹220.95 per share, while Necta Bloom One offloaded 21.02 lakh shares at ₹224.99, indicating active investor rotation in the telecom infrastructure solutions provider.
- Embassy Office Parks REIT: Kotak Performing Re Credit Strategy Fund-I sold 90.43 units of the real estate investment trust at ₹421 per unit, reflecting minor profit-booking activity in the commercial property segment.
Brokerage Recommendations
- Nomura on Nykaa: Nomura maintained a Neutral rating with a ₹223 target price. BPC revenue rose in the mid-twenties YoY, marking 10 straight quarters of growth. Consolidated revenue grew 25–26% YoY, aided by festive demand, while EBITDA margins remained steady at 6.7% in Q2FY26.
- Morgan Stanley on Bank of India: Morgan Stanley kept an Underweight call with a ₹110 target price. Domestic loan growth rose 5.6% QoQ and 14.6% YoY, while deposits grew 8.5% YoY. Overseas loans slowed to 30.4% YoY, and deposits dipped slightly QoQ.
- Citi on HDFC AMC: Citi maintained a Sell rating with a ₹4,775 target price, citing valuation concerns. The firm is expanding into PMS and alternatives, leveraging its brand and distribution. While expenses remain controlled, Citi stays cautious despite long-term equity MF potential.
- Goldman Sachs on Jubilant Food: Goldman Sachs maintained a Neutral call with a ₹650 target. Q2 LFL growth of 9.1% was in line with expectations and the highest among QSR peers. However, valuations appear stretched, with limited upside potential as high-base effects weigh on growth.
- Investec on IndiGo: Investec maintained a Sell rating with a ₹4,050 target, expecting a weak Q2 and PBT loss of ₹1,000 crore. Slower capacity growth may pressure profits. Despite yield gains and lower fuel costs, the earnings outlook remains subdued with possible consensus downgrades ahead.
Mainboard/SME IPO Listing in October 7, 2025
- Glottis
- Fabtech Technologies
- Vijaypd Ceutical
- Suba Hotels
- Sodhani Capital
- Om Metallogic
- Dhillon Freight Carrier
Stock Trades Ex-Bonus & Split
- Sayaji Industries
Upcoming Events
- 07 OCT: Supreme Court To Hear Bihar SIR Case
- 07 OCT: The 6th Global Fintech Fest, Mumbai
Written by Abhishek Singh
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