Nifty 50 opened at 25,183.60, up by 12.15 points (0.048%). Bank Nifty opened at 56,229 increased by 192 points (0.34%). Sensex opened at 82,075.45, up 146 points (0.18%). GIFT Nifty is currently trading at 25,293.50.
Global index as of October 10, 2025
- DOW 30 closed at 46,358.42, down by 243.36 points (0.52%).
- S&P 500 closed at 6,735.11, down by 18.61 points (0.28%).
- NASDAQ decreased by 18.75 points (0.081%), closing at 23,024.62.
- FTSE 100 decreased by 39.47 points (0.41%) to settle at 9,509.40.
- DAX increased by 14.12 points (0.057%), ending at 24,611.25.
- NIKKEI 225 decreased 492.69 points (1.01%) to trade at 48,087.75.
Commodities Update
- Gold: Currently trading at Rs. 120,924 per 10 grams.
- Silver: up by 0.83%, now at Rs 146,509 per kilo.
- Crude Oil: Prices jumped by 0.02%, reaching Rs 64.885, compared to the previous close.
Global events/updates
- China’s Golden Week travel surge hid underlying challenges as fierce price wars hit the tourism industry. While traveler numbers and revenues rose, growth was slower than in May, showing weakened consumer confidence. Spending per tourist remained about 3% below 2019 levels, highlighting pressure on margins and a shift toward budget-conscious travel choices despite rising mobility.
- India’s push for homegrown digital platforms continues with Arattai emerging as a promising “WhatsApp killer.” After government endorsement, the app’s downloads surged, reflecting renewed interest in indigenous tech. Unlike earlier startups, Arattai enjoys strong financial backing and less profit pressure, positioning it to challenge foreign dominance in India’s massive messaging and social media market.
- Former U.S. Fed Governor Larry Lindsey has pulled out of the race for the next Federal Reserve chair. His withdrawal narrows the list of candidates President Trump is considering to replace Jerome Powell when his term ends in May, adding uncertainty to the future direction of U.S. monetary policy and leadership.
- Rare earth stocks jumped after China tightened export controls, intensifying global supply concerns ahead of a potential Xi-Trump meeting. The move boosted U.S. miners, as investors expect stronger White House support for domestic production. With Washington already investing in several miners, efforts to reduce dependence on China’s critical mineral dominance are gaining momentum.
- India’s manufacturing sector shows strong momentum, driven by robust domestic demand, GST rate cuts, and better capacity use at around 75%. Over half of manufacturers plan capacity expansion and new hiring. Despite higher costs and raw material challenges, firms report good access to credit. FICCI highlights the need for more skilled labour training support.
Stocks to watch
- NTPC Green Energy: Signed an MoU with the Gujarat government to develop solar and wind energy projects
- Tata Motors: Completed the demerger of its commercial vehicles business into TMLCV; passenger vehicles business stands amalgamated.
- Adani Enterprises: Issued 1 lakh non-convertible debentures (NCDs) worth ₹1,000 crore through private placement.
- Lemon Tree Hotels: Opened a new 50-room property in Rajasthan, expanding its hospitality footprint.
- Natco Pharma: Received approval to launch a generic version of Risdiplam at ₹15,900 after the Delhi HC dismissed Roche’s appeal.
- Jana Small Finance Bank: Board approved raising up to ₹250 crore through NCDs via private placement.
- Rajesh Power Services: Signed an MoU with the Gujarat government for projects worth ₹4,754 crore, expected to generate over 33,000 jobs.
- Blue Dart: Introduced a new instant digital account opening platform to enhance customer convenience.
- Tata Consultancy Services (TCS) Q2 YoY: Profit rose 8.4% to ₹12,904 crore, and revenue grew 2.4% to ₹65,799 crore. EBIT jumped 7.1% to ₹16,565 crore with a 25.17% margin. TCS reported a $10 billion TCV, acquired ListEngage, and announced a 1 GW AI datacenter in India.
- Tata Elxsi Q2 YoY: Profit fell 32.5% to ₹154.8 crore, while revenue declined 3.9% to ₹918.1 crore. Other income dropped 24% to ₹48.8 crore, reflecting weak project execution and slower client spending across key verticals during the quarter.
- 5Paisa Capital Q2 YoY: Profit plunged 56.7% to ₹9.5 crore, and revenue dropped 23.4% to ₹77.2 crore. The decline was driven by reduced trading volumes and lower client acquisition amid a volatile market environment impacting brokerage income.
- ICICI Prudential Life Insurance (September MoM): New business premium slipped 0.84% to ₹1,761 crore, while APE surged 20.6% to ₹871 crore. Retail APE jumped 25% to ₹739 crore, indicating strong momentum in individual policy sales despite a marginal overall premium decline.
- Afcons Infrastructure: Received a contract worth ₹576 crore for civil and allied infrastructure works, strengthening its project pipeline and presence in large-scale construction and engineering projects across India’s growing infrastructure development sector.
- Lloyds Engineering Works: Signed an MoU with FlyFocus Sp. z o. o. to jointly develop and manufacture Defender SIGINT UAVs — advanced unmanned platforms designed for electronic surveillance and signals intelligence applications, marking a strategic defence technology partnership.
- RailTel Corporation of India: Secured a Letter of Intent from Karnataka’s Centre for e-Governance worth ₹18.22 crore to provide OEM support for KSWAN 2.0 routers and switches, enhancing the state’s digital connectivity infrastructure.
- Capri Global Capital: Appointed Monu Ratra as its new Chief Executive Officer (CEO), aiming to strengthen leadership and accelerate growth across lending, housing finance, and MSME segments within the diversified NBFC’s expanding business operations.
- Mahindra & Mahindra (September): Produced 99,758 units, up 24.4% YoY. Sales rose 13.9% to 97,744 units, while exports surged 44% to 4,458 units. The strong output reflects healthy demand across passenger and commercial vehicle segments.
- MIRC Electronics: Authum Investment & Infrastructure acquired a 21.25% stake worth ₹131.62 crore through preferential allotment of 7.83 crore shares at ₹16.81 each, boosting its strategic position in the consumer electronics maker’s future growth plans.
Bulk and Block Deals
- TechEra Engineering: Ace investor Ashish Kacholia bought 2 lakh shares, and his firm added 1.12 lakh shares at ₹247.1 each, taking a 1.89% stake worth ₹7.72 crore. Meanwhile, investors Vishal Waghela and Sheetal Dugar sold significant holdings at around ₹250 per share.
- Tarmat: Arton Global acquired 4.7 lakh shares, or a 1.95% stake, in Tarmat at ₹52.86 per share, valued at ₹2.5 crore. Aegis Investment Fund and Dove Soft exited by selling 2.5 lakh and 2 lakh shares, respectively, near ₹53 per share.
- Dynamatic Technologies: Samena Special Situations Mauritius III offloaded 72,000 shares, or 1.06% stake, in Dynamatic Technologies at ₹6,800.65 each, amounting to ₹48.96 crore. As of June 2025, the investor retained a 4.8% shareholding in the company.
Brokerage Recommendations
- JPMorgan on TCS: JPMorgan maintains Overweight on TCS, raising the target price to ₹4,050 from ₹3,900. Margins improved post-restructuring, cost control is effective, and underlying trends are stabilizing. The AI colocation business is viewed as a non-core distraction.
- JPMorgan on Premier Energies: JPMorgan retains Neutral rating on Premier Energies with a ₹1,019 target. Solar cell supply overhang may be larger than anticipated, potentially reducing anti-dumping impact. Upstream integration could offset margin pressures despite market challenges.
- Morgan Stanley on Godrej Properties: Morgan Stanley maintains an Equal-weight rating with a ₹2,400 target. Q2 presales of ₹9,300 crore show a strong recovery after Q1. Attractive valuations, launch-led growth, and acquisition strategies support performance, though rising land prices may increase margin and leverage risks.
- Motilal Oswal on Tata Elxsi: MOSL gives a Sell rating with a ₹4,400 target. Demand remains weak, while management anticipates double-digit growth in FY27. Media and healthcare verticals face ongoing challenges, and high valuations at 52x forward P/E are hard to justify.
Mainboard/SME IPO Listing in October 10, 2025
- WeWork India Management
- NSB BPO Solutions
Stock Trades Ex-Bonus & Split
- Valiant Communications
- Harshil Agrotech
- Narmada Macplast Drip Irrigation Systems
- Purity Flexpack
- Ujaas Energy
- AGI Infra
Stocks Trade Ex-Dividend
- Hexaware Technologies
- Rashtriya Chemicals and Fertilizers
- Sacheta Metals
Written by Abhishek Singh
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