Market Opening Bell: Sensex opens at 82,794; Nifty at 25,394-Bharat Electronics and KEC International in focus today

by | October 16, 2025 9:35 am

Nifty 50 opened at 25,394.90, up by 82.45 points (0.35%). Bank Nifty opened at 57,139.95 increased by 319.55 points (0.56%). Sensex opened at 82,794.79, up 349.32 points (0.42%). GIFT Nifty is currently trading at 25,505.00.

Global index as of October 16, 2025

  • DOW 30 closed at 46,253.31, down by 17.15 points (0.037%).
  • S&P 500 closed at 6,671.06, up by 26.75 points (0.40%).
  • NASDAQ increased by 148.38 points (0.66%), closing at 22,670.08.
  • FTSE 100 decreased by 28.02 points (-0.30%) to settle at 9,424.75.
  • DAX  decreased by 55.57 points (-0.23%), ending at 24,181.37.
  • NIKKEI 225 increased 468.25 points (0.98%) to trade at 48,147.19.

 Commodities Update

  • Gold: Currently trading at Rs. 127,858 per 10 grams.
  • Silver: up by 0.94%, now at Rs 163,700 per kilo.
  • Crude Oil: Prices jumped by 0.10%, reaching USD 62.175, compared to the previous close.

Global events/updates

  • China’s top leaders will meet next week to outline a five-year development plan amid rising U.S. tensions. The strategy aims to guide progress toward China’s 2035 goals, focusing on technology and economic resilience. Experts note, however, that past plans have had mixed results, raising questions about whether better planning alone can ensure sustained growth.
  • Chinese companies are shifting away from U.S. listings and turning to Hong Kong due to rising U.S.-China tensions and stricter regulations in New York. U.S. IPOs by Chinese firms dropped 4% this year, raising $875.7 million from 23 deals. However, experts anticipate a strong rebound in late 2025 and early 2026 with a robust pipeline.
  • South Korea’s Kospi index hit a record high as optimism over trade deals and an IMF upgrade to the country’s 2025 growth forecast boosted investor confidence. Other Asia-Pacific markets also gained, with Australia’s ASX 200 reaching a new peak despite a rise in unemployment to its highest level in nearly four years.
  • US President Donald Trump said Prime Minister Modi assured him that India will stop buying oil from Russia, calling it a major step toward ending the Russia-Ukraine war. India has yet to confirm this. The comments come as trade tensions rise, with the US imposing 50% tariffs on Indian exports amid ongoing talks in Washington.
  • India and the EU are in the final phase of Free Trade Agreement talks, aiming to conclude the deal by 2025. Key issues like rules of origin and market access remain under discussion. India seeks greater access for labor-intensive exports, while the EU wants reduced tariffs on cars, liquor, and medical devices. Bilateral trade already exceeds $136 billion.

Also Read: Technical View: Nifty, Bank Nifty & Sensex Trade Setup and Key levels to watch for 16th October

Stocks to watch

  • Dabur: Dabur’s tax demand from the Delhi Income Tax Department for August has been reduced from Rs 279.13 crore to Rs 202.01 crore, easing the company’s liability and reflecting a favorable revision by tax authorities.
  • Zee Entertainment: Zee Entertainment received a favorable CESTAT ruling on October 15, dismissing an appeal by the Mumbai Service Tax Commissioner. This effectively removes a contingent service tax liability of Rs 46.2 crore for FY2004-05, 2006-07, and 2007-08.
  • RBL Bank: RBL Bank’s board will meet on October 18 to review a proposal for raising funds, signaling potential capital expansion to support lending growth, balance sheet strengthening, and future business initiatives.
  • Network18: Network18 will acquire IBN Lokmat from Lokmat Media for Rs 25 crore. After the acquisition, IBN Lokmat will become a wholly-owned subsidiary, expanding Network18’s regional news portfolio and market reach.
  • Hero MotoCorp: Hero MotoCorp has entered the Spanish market through a partnership with Noria Motos (ONEX Group), expanding its global presence to 50 international markets and strengthening its European operations.
  • TVS Motor: TVS Motor has launched the new TVS Apache RTX at an introductory price of Rs 1.99 lakh, aiming to attract enthusiasts and strengthen its competitive presence in the performance motorcycle segment.
  • Axis Bank Q2: Axis Bank’s Q2 standalone profit fell 26.4% to Rs 5,089.6 crore due to higher provisions, despite net interest income rising 1.9%. Gross NPA and net NPA improved slightly, reflecting better asset quality management.
  • HDFC Life Insurance Q2: HDFC Life’s Q2 consolidated profit grew 3% to Rs 448.3 crore, supported by a 13.6% increase in net premium income and a 26.4% rise in net commission, reflecting healthy business growth.
  • L&T Finance Q2: L&T Finance reported Q2 consolidated profit up 5.6% to Rs 734.8 crore, with revenue rising 7.9% and net interest income increasing 10.3%, reflecting solid lending and financial performance.
  • HDB Financial Services Q2: HDB Financial Services saw Q2 profit dip 1.6% to Rs 581.4 crore, while net interest income rose 19.6%. Loan losses spiked 73.5%, and Gross Stage 3 loans rose to 2.81%, showing asset quality pressures.
  • Oberoi Realty Q2: Oberoi Realty’s Q2 consolidated profit surged 29% to Rs 760.3 crore, with revenue up 34.8% to Rs 1,779 crore, reflecting strong sales, project execution, and robust demand in the real estate segment.
  • Delta Corp Q2: Delta Corp reported a 7% drop in Q2 consolidated profit to Rs 25.1 crore, while revenue inched up 0.4% to Rs 182.8 crore, showing modest growth despite softer margins.
  • Angel One Q2: Angel One’s Q2 consolidated profit halved to Rs 211.7 crore, while revenue fell 20.7% to Rs 1,201.8 crore, indicating challenging market conditions and pressure on its brokerage and financial services business.
  • Network18 Media Q2: Network18’s news business operating revenue grew 7.2% to Rs 477.2 crore, with EBITDA rising 5.1% to Rs 7.4 crore. Operating margins remained stable at 1.5%, reflecting steady performance in the media segment.
  • Hathway Cable Q2: Hathway Cable’s Q2 consolidated profit fell 29.2% to Rs 18.25 crore, despite revenue rising 4.7% to Rs 536.7 crore, reflecting higher costs and competitive pressures in the cable and broadband segment.
  • Huhtamaki India Q2: Huhtamaki India’s Q2 profit surged 214% to Rs 36.8 crore, while revenue fell 4.3% to Rs 624.7 crore, showing improved operational efficiency and margin expansion despite slightly lower sales.
  • KEI Industries Q2: KEI Industries reported Q2 consolidated profit up 31.5% to Rs 203.5 crore and revenue rising 19.4% to Rs 2,726.3 crore, driven by strong demand across cables and power infrastructure products.
  • Kewal Kiran Clothing Q2: Kewal Kiran Clothing’s Q2 profit dropped 31.5% to Rs 44.9 crore, despite revenue growing 14.9% to Rs 354.1 crore, as other income fell sharply by 80.2%, impacting overall profitability.
  • Adani Green Energy H1: Adani Green Energy’s H1 operational capacity grew 49% to 16.7 GW, with greenfield additions of 2.4 GW and energy sales rising 39% to 19,569 million units, reflecting rapid renewable capacity expansion.
  • Bharat Electronics: Bharat Electronics secured additional orders worth Rs 592 crore, covering tank subsystems, communication equipment, combat management systems, ship data networks, Kavach, laser dazzlers, jammers, upgrades, and spares, expanding its defense portfolio.
  • Jyoti Structures: Jyoti Structures received a Rs 288.36 crore order from AESL Projects for towers, foundations, erection, and commissioning of a portion of the +800 kV HVDC Bhadla 3 – Fatehpur transmission line on a turnkey basis.
  • KEC International: KEC International secured a Rs 1,038 crore order for a 380 kV GIS substation in Saudi Arabia. With this, its YTD order intake surpasses Rs 16,000 crore, reflecting strong international business growth.
  • Varroc Engineering: Varroc Engineering appointed Avinash Chintawar as Chief Operating Officer (COO), effective October 15, signaling leadership strengthening and focus on operational efficiency in the automotive supply business.
  • Indian Energy Exchange: SEBI uncovered insider trading worth over Rs 173 crore in Indian Energy Exchange shares, marking one of its largest enforcement actions recently, following swift investigation and search operations conducted about a month ago.

Bulk and Block Deals

  • MSTC: WisdomTree Emerging Markets High Dividend Fund acquired 3,59,146 shares (0.51% stake) of state-owned MSTC at Rs 539.13 per share, investing a total of Rs 19.36 crore, reflecting confidence in the company’s dividend potential and long-term value.
  • Allcargo Logistics: WisdomTree Emerging Markets High Dividend Fund purchased 68,17,024 shares (0.69% stake) of Allcargo Logistics at Rs 34.15 per share, totaling Rs 23.28 crore, signaling a strategic investment in the company’s logistics and global supply chain business.
  • Prataap Snacks: Malabar India Fund, founded by Sumeet Nagar, exited its entire holding of 3,46,439 shares (1.4% stake) in Prataap Snacks at Rs 1,012.01 per share, generating proceeds of Rs 35.06 crore and fully divesting from the company.

Brokerage Recommendations

  • Goldman Sachs on HDFC Life (Buy, TP ₹865): HDFC Life’s Q2FY26 performance was in line, with VNB up 8% YoY, driven by strong growth in Par products and ULIPs. Margins remained stable at ~24%, supported by product mix despite regulatory, GST, and cost pressures.
  • Morgan Stanley on KEI Industries (Overweight, TP ₹4,825): KEI Industries reported in-line PAT, with cable & wire revenue up 22% YoY. Exports surged 117%, domestic sales rose 13%, and C&W EBIT margin expanded 50bps to 10.9%, reflecting strong wires growth and favorable cable-wire mix.
  • Morgan Stanley on L&T Finance (Underweight, TP ₹143): L&T Finance Q2FY26 ROE of 11.3% remains below COE. Slower ROE recovery is expected due to compressed risk-adjusted NIM, moderated loan growth, and overcapitalization as the business de-risks, keeping returns below long-term expectations.
  • DAM Capital on Axis Bank (Buy, TP ₹1,370): Axis Bank strengthened its franchise and tightened balance sheet risks. Loan growth and earnings momentum are expected from FY27E. Sustained ROA above 1.8% is key for re-rating beyond 1.5-1.6x valuation multiples.
  • CLSA on Tata Communications (Outperform, TP ₹2,100): Tata Communications’ Q2FY26 revenue rose 6% YoY to ₹61 billion, led by digital services. Data margins improved 144bps QoQ, driving 10% YoY EBITDA growth. Net debt gearing is comfortable at 2.5x, with 10-15% CAGR in data revenue expected by FY28.

Mainboard Listing

  • Canara Robeco Asset Management Company
  • Rubicon Research
  • Anantam Highways Trust (InvIT)

Stock Trades Ex-Dividend

  • Elecon Engineering Company

Earnings In Focus

Wipro, Infosys, Eternal, Nestle India, Mastek, Waaree Energies, LTIMindtree Zee Entertainment Enterprises, DB Corp, Indian Overseas Bank, Jio Financial Services, Indian Bank, CIE Automotive India, Cyient, JSW Infrastructure, Kajaria Ceramics, Metro Brands, Punjab & Sind Bank, Rallis India, South Indian Bank, Sunteck Realty, Swaraj Engines. 

Written by Abhishek Singh

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