Nifty 50 closed at 25,843.70, up by 133.85 points (0.53%). Bank Nifty closed at 58,022.80, up by 309.45 points (0.54%). Sensex closed at 84,380.23, up by 428.04 points (0.53%).
Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, Axis Bank are among major gainers on the Nifty, while losers are ICICI Bank, Eternal, Power Grid, JSW Steel, M&M. BSE Midcap index up 0.7%, and smallcap index up 0.5%. On the sectoral front, except metal and consumer durables, all other sectoral indices are trading in the green with PSU bank index up 3%, oil & gas, telecom up 1% each.
US Markets
- Dow Jones Futures jumped by 121.00 points, up by 0.27%, currently trading at 46,509.00 as of October 20, 2025.
European Markets
- FTSE (UK) increased by 30.51 points, up by 0.33%, standing at 9,385.08.
- CAC (France) shrank by 11.27 points, down by 0.14%, at 8,163.62.
- DAX (Germany) jumped by 248.95 points, up by 1.09%, at 24,090.75.
Global events/updates
European markets opened higher on Monday, recovering from last week’s losses linked to U.S. banking concerns. Gains were led by defense and banking stocks, with Kering surging 4% after selling its beauty unit to L’Oreal for €4 billion. Optimism grew as solid European bank results eased credit fears, while investors awaited key earnings and inflation data.
Japan’s stock market closed at a record high after news that the ruling Liberal Democratic Party and Japan Restoration Party reached a coalition agreement, boosting investor confidence in political stability. Sentiment was further supported by China’s GDP growth of 4.8% for the July–September period, matching expectations and signaling steady regional economic momentum.
Tensions escalated after reports surfaced that former U.S. President Donald Trump told Ukraine’s Volodymyr Zelenskyy to “cut up” the country and cede the Donbas region to Russia. The meeting reportedly turned into a shouting match, following Trump’s call with Putin, raising concerns over his shifting stance on U.S. support for Ukraine amid ongoing conflict.
The secondhand luxury market is booming, expected to surge from $210 billion currently to $360 billion by 2030. As resale platforms like Carousell and Bunjang expand, authentication has become crucial to building trust and attracting buyers. Verified listings are driving growth, making authenticity the new cornerstone of the pre-owned luxury industry.
U.K. Finance Minister Rachel Reeves said the upcoming November budget will address global challenges, including the Russia-Ukraine war, Middle East tensions, and rising trade barriers. Emphasizing transparency, Reeves acknowledged fiscal constraints following last year’s strict budget rules, pledging a balanced approach to support economic stability while managing spending and borrowing responsibly amid global uncertainty.
Stock news
Goyal Salt (5% up): Goyal Salt surged 5% after securing its largest-ever order worth Rs 78.36 crore from the Chhattisgarh Government to supply 75,000 MT of ISI Mark Refined Iodized Amrit Salt, marking a significant milestone for the microcap company (Mkt Cap: ₹325 Cr).
Can Fin Homes Ltd (5% up): Can Fin Homes rose 5% as revenue grew 9% YoY and 3% QoQ, while net profit increased 19% YoY and 12% QoQ. Loan book reached ₹39,657 Cr with 2.84 lakh clients; deposits surpassed ₹200 Cr during the quarter.
India Cements Ltd: India Cements reported revenue growth of 9% YoY and QoQ, with net profit doubling YoY and QoQ. Plans include preheater and cooler upgrades, 21.8 MW green power WHRS, and ₹2,000 Cr capex over two years to boost efficiency and growth.
MIC Electronics Limited (2% up): MIC Electronics gained 2% after receiving RDSO approval from the Ministry of Railways for its microprocessor controller for roof-mounted AC units in LHB and double-decker coaches, marking a key step toward advanced rail AC solutions supply.
A B Cotspin India Limited: A B Cotspin secured an order worth ₹5.45 Cr for 200 MT of cotton yarn, to be executed within a month. The company anticipates FY26 turnover of ₹350 Cr with EBITDA in the range of ₹50–55 Cr.
Premier Explosives (Flat): Premier Explosives remained flat as promoter Amarnath Gupta, along with Mrs. Kailash Gupta, increased their stake from 24.37% to 30.48%, highlighting growing insider confidence in the defense-focused company’s prospects.
Time Technoplast Ltd (2% up): Time Technoplast rose 2% after its subsidiary received ICAT approval to manufacture E-Rickshaw batteries. Branded “eSTART with SELENIUM,” the batteries offer long life, fast charging, and cost efficiency, targeting ~₹150 Cr revenue over three years amid a booming e-rickshaw market.
Man Industries: Man Industries drew attention as Ashish Kacholia increased his stake from 1.82% to 3.04% in Q2, signaling growing investor confidence in the company’s growth potential and market positioning.
UTI Asset Management Company Ltd (down 10%): UTI AMC fell 10% as revenue dropped 22% YoY to ₹419 Cr and profit halved to ₹132 Cr. QoQ, revenue fell 23% and profit declined 48%, reflecting pressure on earnings and a challenging market environment.
Brokerage Recommendations
Eternal
- Target Price:- Rs 430.00 apiece
- Upside:- 27.16%
- By Emkay
Indian Bank
- Target Price:- Rs 900 apiece
- Upside:- 10.78%
- By Emkay
JSW Infrastructure
- Target Price:- Rs 400 apiece
- Upside:- 36.08%
- By ICICI Direct
Kajaria Ceramics
- Target Price:- Rs 1,450.00 apiece
- Upside:- 19.06%
- By ICICI Direct
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Ceat (12.12%) | Tata Investment (-9.79%) |
| Au Small Finance Bank Ltd. (8.98%) | Tejas Networks (-8.6%) |
| RBL Bank (8.7%) | UTI Asset Management (-4.57%) |
| Mangalore Refinery (7.19%) | Dixon Technologies(-4.1%) |
| Chennai Petroleum (7.16%) | Ola Electric(-4.06%) |
Conclusion:- Indian markets closed higher on October 20, with Nifty up 0.53% and Sensex rising 428 points, led by banks, Reliance, and defense stocks. Global cues were mixed, with Europe and Japan showing optimism, while U.S.-Ukraine tensions lingered. Key domestic gains came from Goyal Salt, Can Fin Homes, and Ceat, while UTI AMC declined. Select stocks and brokerages remain in focus.
Written by Abhishek Singh
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