Nifty 50 closed at 25,961.15, down by 3.10 points (0.012%). Bank Nifty closed at 58,260.85, up by 146.60 points (0.23%). Sensex closed at 84,682.11, down by 96.73 points (0.13%).
Bajaj Finserv, Bajaj Finance, ICICI Bank, ICICI Bank and Trent are among major losers on the Nifty, while gainers are Tata Steel, SBI Life Insurance, JSW Steel, HDFC Life and L&T. BSE Midcap and smallcap indices are trading flat. On the sectoral front, metal index rose 1.2 percent and media index rises 1 percent, while IT, pharma, FMCG and realty down 0.5% each.
US Markets
- Dow Jones Futures are slightly down by 7.00 points, up by 0.015%, currently trading at 47,705.00 as of October 28, 2025.
European Markets
- FTSE (UK) increased by 1.46 points, up by 0.015%, standing at 9,655.31.
- CAC (France) decreased by 12.47 points, down by 0.15%, at 8,226.71.
- DAX (Germany) decreased by 48.93 points, down by 0.20%, at 24,259.84.
Global events/updates
- ARK Invest CEO Cathie Wood warned of a possible “reality check” in AI valuations as rising interest rates could trigger a market correction. Speaking at Saudi Arabia’s Future Investment Initiative, she said a short-term “shudder” is likely but dismissed concerns of an AI bubble, maintaining confidence in the technology’s long-term growth potential.
- Novartis CEO said the company has strong financial power to pursue major acquisitions, following its $12 billion deal to buy Avidity Biosciences, its largest in a decade. He noted that such moves will strengthen Novartis’ growth outlook. The stock has gained about 17% this year, outperforming the Swiss Market Index’s 8% rise.
- European stocks slipped on Tuesday as investors awaited the U.S. Federal Reserve’s rate decision. Most sectors traded lower, except utilities. Novartis fell 3.3% after missing profit estimates, while BNP Paribas dropped 3% despite beating forecasts. HSBC rose 2.5% on strong earnings. Markets expect a 25 bps Fed rate cut, with possible further easing in December.
- Google and NextEra plan to restart Iowa’s Duane Arnold nuclear plant by 2029 to provide clean energy for Google’s growing AI operations. With U.S. electricity demand surging due to AI and data centers, tech firms are turning to nuclear power for stable, low-carbon energy. The move highlights a broader trend toward sustainable AI infrastructure.
- Saudi Arabia is rapidly diversifying its economy beyond oil, investing heavily in artificial intelligence, tourism, and sports. Officials said the kingdom’s growth is becoming less dependent on oil revenues as it builds new industries under its Vision 2030 plan, aiming to position itself as a global hub for technology and innovation.
Stock news
Premier Explosives Ltd (↑5%)
Received ₹429.56 crore order from the Defence Ministry to supply Chaffs and Flares to the Indian Air Force, to be completed within 12 months, boosting confidence in its defence manufacturing capabilities and driving the stock higher.
Newgen Software Technologies Ltd (↑11%)
Reported strong Q2 results with revenue up 25% QoQ and 11% YoY, while net profit jumped 64% QoQ. EBITDA rose 126% with margins improving to 25.5%, reflecting strong business momentum and operational efficiency.
TTK Prestige Ltd (↑15.43%)
Posted impressive Q2 results with revenue up 11% YoY and 36.8% QoQ. Net profit surged 21% YoY and 146% QoQ, indicating strong recovery in consumer demand and improved operating margins.
Ola Electric Mobility Ltd (↑1.23%)
Received ARAI certification for its 4680 Bharat Cell 5.2 kWh battery packs, making it India’s first company with fully indigenous certified batteries. Deliveries begin with the S1 Pro+ model, boosting its EV leadership.
Canara HSBC Life Insurance Co. Ltd
In Q2FY26, sales fell 29% YoY and 35% QoQ, but net profit rose 11% YoY and 75% QoQ. EBITDA jumped 120% YoY, reflecting improved profitability despite weaker topline performance.
BCPL Railway Infrastructure Ltd (↑7%)
Bagged a ₹33 crore contract under RVNL for 25 KV OHE modification from Gurmura to Mahadia and Shakti Nagar. The 16-month project includes design, supply, erection, and testing, strengthening its railway order book.
Larsen & Toubro Ltd
Secured multiple domestic and international orders worth up to ₹2,500 crore across the U.S., Mexico, Brazil, Saudi Arabia, and India, covering projects in nuclear, petrochemical, and refinery sectors, reinforcing its global engineering and manufacturing presence.
MCX (↓2.4%)
Shares fell after a technical outage disrupted trading. The platform faced recurring tech glitches, with the Commodity Participation Association raising concerns over system reliability, impacting trader confidence during expiry sessions.
Hindustan Aeronautics Ltd
Signed MoU with Russia’s UAC to produce SJ-100 passenger aircraft in India the first such project since 1988. The move supports ‘Aatmanirbhar Bharat’ and addresses domestic demand for regional jets.
Zaggle Prepaid Ocean Services Ltd
Stock gained after signing a one-year deal with Birlasoft to deploy its Zaggle Save platform for employee expense and benefits management, enhancing Birlasoft’s efficiency while expanding Zaggle’s enterprise solutions footprint.
CarTrade Tech Ltd (↑12.95%)
Reported record revenue and net profit, up 25.4% YoY and 108.5% YoY, respectively. Sequentially, revenue rose 11.8% and profit 36.1%, signaling strong operational performance and digital platform growth.
Concord Control Systems Ltd (↑10%)
Its associate, Progota India, received RDSO clearance for Kavach 4.0 — India’s latest train protection system. This milestone enables future tenders and supports Indian Railways’ modernization and safety under ‘Atmanirbhar Bharat.’
Suraj Estate Developers Ltd (↑13.7%)
Q2FY26 income rose 9.2% QoQ and 32.6% YoY to ₹145.4 crore. EBITDA grew 30.4% QoQ, with margin improving to 45.1%, reflecting strong real estate demand and profitability.
Sampre Nutritions Ltd
Microcap stock jumped after announcing record date of November 4, 2025, for a 1:2 stock split and 1:1 bonus issue, aimed at improving liquidity and rewarding shareholders.
Brokerage Recommendations
InterGlobe Aviation
- Target Price:- Rs 7,000 apiece
- Upside:- 21.19%
- By Anand Rathi
Coforge
- Target Price:- Rs 2,030.00 apiece
- Upside:- 12.15%
- By IDBI Capital
Kotak Mahindra Bank
- Target Price:- Rs 2,575.00 apiece
- Upside:- 19.26%
- By Axis Direct
Latent View Analytics
- Target Price:- Rs 500.00 apiece
- Upside:- 20.29%
- By ICICI Direct
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Newgen Software (12.94%) | Vodafone Idea (-5.22%) |
| Chennai Petroleum(9.4%) | Reliance Infra (-5%) |
| Netweb Technologies (8.04%) | Bata (-5%) |
| Kirloskar Oil Engines (7.25%) | Supreme Industries (-5%) |
| R R Kabel (6.65%) | BSE (-5%) |
Conclusion: Markets ended flat amid cautious sentiment ahead of the U.S. Fed’s rate decision. Strong corporate earnings from Newgen Software, TTK Prestige, and CarTrade Tech lifted select stocks, while MCX slipped on a technical glitch. Global cues remain mixed, with investors watching Fed policy and geopolitical developments for near-term direction. Broader indices traded largely stable.
Written by Abhishek Singh
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