Nifty 50 opened at 25,181.95, up by 92.60 points (0.38%). Bank Nifty opened at 56,528.95, increased by 169.65 points (0.30%). Sensex opened at 82,197.25, up 325.30 points (0.40%). GIFT Nifty is currently trading at 25,338.50.
Global index as of October 15, 2025
- DOW 30 closed at 46,270.46, up by 202.88 points (0.44%).
- S&P 500 closed at 6,644.31, down by 10.41 points (-0.16%).
- NASDAQ decreased by 172.91 points (-0.76%), closing at 22,521.70.
- FTSE 100 increased by 9.90 points (0.10%) to settle at 9,452.77.
- DAX decreased by 150.99 points (-0.62%), ending at 24,236.94.
- NIKKEI 225 increased 665.78 points (1.40%) to trade at 47,502.03.
Commodities Update
- Gold: Currently trading at Rs. 126,747 per 10 grams.
- Silver: up by 0.51%, now at Rs 160,311 per kilo.
- Crude Oil: Prices jumped by 0.10%, reaching USD 62.005, compared to the previous close.
Global events/updates
- China’s economy remains under pressure as consumer prices fell 0.3% in September, deeper than expected, keeping it in deflation. However, core inflation rose 1%, the highest since February 2024, suggesting some recovery in demand. Producer prices declined 2.3%, showing easing factory deflation but continued weakness in industrial activity and domestic consumption.
- Tensions between the U.S. and China escalated after President Trump threatened to ban the cooking oil trade with China for refusing to buy U.S. soybeans. His remarks fueled uncertainty over trade talks and caused market volatility. China, once the biggest buyer of American soybeans, has halted purchases amid the ongoing trade conflict.
- Iraq plans to end its $4 billion gas imports from Iran by 2028 as it works to use its own flared gas. The country is partnering with foreign investors to capture and process gas currently wasted during oil production. This move aims to strengthen energy independence and reduce persistent power shortages.
- Stellantis announced a $13 billion investment in U.S. auto manufacturing over the next four years, creating over 5,000 jobs. The plan includes new products and upgrades across plants in Michigan, Illinois, Indiana, and Ohio through 2029. However, details on how many projects are entirely new remain unclear.
- The IMF raised India’s FY26 growth forecast to 6.6%, citing strong services expansion, while global growth is projected to slow to 3.2% in 2025 amid tariff tensions and weak trade. Risks remain from geopolitical uncertainty, trade disputes, and an AI-driven market correction, though AI productivity gains and trade reforms could support recovery.
Stocks to watch
- Keystone Realtors: Promoters plan to sell up to 45.8 lakh shares, or 3.63% stake, via an offer for sale on October 15–16. The floor price is set at Rs 550 per share, a 10% discount to the current market price.
- TCC Concept: The company acquired a 95.2% stake in Pepperfry on a fully diluted basis for Rs 659 crore and approved issuing 1.2 crore shares to sellers at Rs 557.94 each as part of the acquisition arrangement.
- Ola Electric Mobility: Ola Electric will launch its first non-vehicle product in the energy segment on October 17 via its social media premiere. The company plans to unveil this new product during Diwali, expanding its business beyond electric vehicles.
- LG Electronics India: LG Electronics India introduced the ‘LG Essential Series,’ a new range of home appliances designed specifically for Indian consumers, offering tailored features and solutions to meet local needs while strengthening its presence in the Indian home appliance market.
- Avenue Supermarts: Avenue Supermarts opened a new store in Andhra Pradesh, taking the total store count to 433. This expansion reflects the company’s ongoing efforts to increase its retail footprint and reach more consumers across India.
- Star Cement: Star Cement approved raising up to Rs 1,500 crore through a private placement or preferential issue, aiming to strengthen its financial position, support expansion plans, and fund business growth initiatives in the coming years.
- Tech Mahindra Q2 (YoY): Profit fell 4.4% to Rs 1,194.5 crore, while revenue rose 5.1% to Rs 13,994.9 crore. EBIT surged 32.7% to Rs 1,699.3 crore, with margins expanding to 12.14%. Deal wins jumped to $3,168 million, and the company declared an interim dividend of Rs 15 per share.
- Persistent Systems Q2 (YoY): Profit rose 45.1% to Rs 471.5 crore, revenue grew 23.6% to Rs 3,580.7 crore, and EBIT increased 43.5% to Rs 583 crore. Margin expanded to 16.3%, and revenue in dollar terms jumped 17.6% to $406.2 million, reflecting strong business performance.
- ICICI Lombard Q2 (YoY): Profit grew 18.1% to Rs 820 crore, while gross direct premiums dropped 1.9% to Rs 6,596 crore. Total income increased 12.5% to Rs 6,582.7 crore. Combined ratio rose to 105.1%, and the board approved an interim dividend of Rs 6.5 per share.
- Cyient DLM Q2 (YoY): Profit surged 108% to Rs 32.1 crore, despite a 20.2% revenue decline to Rs 310.6 crore. Other income rose 219.2% to Rs 22.7 crore, while material costs fell 30.7% to Rs 196.1 crore, improving overall profitability.
- Thyrocare Technologies Q2 (YoY): Profit jumped 81% to Rs 47.8 crore, and revenue grew 22.1% to Rs 216.5 crore. The board declared an interim dividend of Rs 7 per share and announced bonus shares in a 2:1 ratio, rewarding shareholders and enhancing stock liquidity.
- Kolte-Patil Developers Q2 (YoY): Sales value fell 13% to Rs 670 crore and volume dropped 17% to 0.86 million sq. ft. Realisation improved 5% to Rs 7,823 per sq. ft., while collections rose 8% to Rs 596 crore, reflecting stable cash inflow despite slower sales.
- Sula Vineyards Q2 (YoY): Revenue declined 1.1% to Rs 139.7 crore. Own brands revenue fell 2.5% to Rs 124.1 crore, while wine tourism revenue rose 7.7% to Rs 13.2 crore, showing growth in experiential offerings despite a small drop in overall sales.
- Ashiana Housing Q2 (YoY): Area booked fell 43.4% to 4.13 lakh sq. ft., while value of area sold dropped 54.9% to Rs 303.43 crore, indicating significant slowdown in demand and lower sales volumes for the quarter.
- Saatvik Green Energy: Saatvik Solar Industries received orders worth Rs 638.85 crore and Rs 50.62 crore from independent power producers for solar PV module supply, boosting the company’s order book and strengthening its position in the renewable energy market.
- Jaiprakash Associates, Vedanta: The CCI approved Vedanta’s acquisition of Jaiprakash Associates under the insolvency resolution process. This clearance allows the transaction to proceed, marking a key milestone in completing the corporate restructuring and asset acquisition process.
- Mishra Dhatu Nigam: MIDHANI secured a Rs 306 crore order, taking its total open order book to around Rs 2,212 crore, reflecting strong demand for its specialty metals and aerospace materials.
- DCM Shriram: DCM Shriram commissioned a 35,000 TPA Epichlorohydrin plant at its Gujarat chemical complex. The remaining 17,000 TPA capacity will be commissioned shortly, expanding production and supporting its growth in chemical manufacturing.
- G R Infraprojects: The IT department completed a search at the company offices and residences of promoters and executives. The company cooperated fully, and business operations remain unaffected, continuing as usual despite ongoing proceedings.
- Hyundai Motor India: Hyundai approved a succession plan. Unsoo Kim will return to South Korea on December 31, 2025, and Tarun Garg will become Managing Director & CEO from January 1, 2026, ensuring continuity in leadership and strategic operations.
- Lemon Tree Hotels: Lemon Tree signed a license agreement for a new hotel in Gandhidham. The property will be managed by its subsidiary, Carnation Hotels, expanding the company’s presence and portfolio in the hospitality sector.
Also Read: Oversold Stocks: DMart, Havells and 3 other stocks trading below 30 RSI
Bulk and Block Deals
- Awfis Space Solutions: QRG Investments, part of the QRG Group, sold 24.07 lakh shares (3.36% stake) in Awfis at Rs 585.14 per share, raising Rs 140.89 crore. HSBC Mutual Fund acquired 9.18 lakh shares (1.28% stake) at Rs 585 per share for Rs 53.72 crore.
- M and B Engineering: 360 ONE Asset Management purchased 5.21 lakh shares (0.91% stake) of M and B Engineering at Rs 404.41 per share, investing a total of Rs 21.09 crore in the company.
Brokerage Recommendations
- Macquarie on Cyient DLM: Macquarie retains a Neutral rating with a Rs 450 target, citing weak revenue visibility. Management expects higher-quality orders, calling Altek’s underperformance a “hiccup.” FY26 and FY27 revenue estimates are lowered by 5% and 3%, respectively.
- Jefferies on TCS: Jefferies maintains Hold with a Rs 3,100 target. Q2 revenue rose 0.8% QoQ, while profit missed due to Rs 1,100 crore restructuring costs. EBIT margin stayed at 25.2%, headcount fell 3%, and the data center venture shows limited ROCE and synergy.
- Nomura on Persistent Systems: Nomura gives a Neutral rating with a Rs 5,200 target. Strong Q2 performance, healthy deal wins, and margin beat from lower software license costs prompted a 3–5% EPS upgrade for FY26–28. Stock trades at 37.5x FY27 EPS.
- Jefferies on ICICI Prudential Life: Jefferies maintains Buy but cuts target to Rs 730. Q2 VNB grew 1% YoY; APE fell 3%. Margins rose ~100bps, but persistency risks, lack of input tax credit, and commission reductions could affect future earnings. VNB estimates cut 7–8%.
- Jefferies on Tech Mahindra: Jefferies issues an Underperform with Rs 1,270 target. Q2 revenue and margin were largely in line, but profits missed due to FX losses. Strong H2 order wins may help, yet FY27 growth recovery looks unlikely, and 15% margin seems optimistic.
Stocks in F&O ban
- RBL Bank
- Sammaan Capital
Stock Trades Ex-Dividend
- Tata Consultancy Services
Earnings In Focus
Axis Bank, HDB Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company, Angel One, Tata Communications, Oberoi Realty, Delta Corp, Heritage Foods, Huhtamaki India, Indian Railway Finance Corporation, KEI Industries, Kewal Kiran Clothing, L&T Finance, Mangalore Refinery and Petrochemicals, Nuvoco Vistas Corporation, Rossari Biotech.
Written by Abhishek Singh
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