Nifty 50 closed at 25,033.90, down by 74.65 points (0.30%). Bank Nifty closed at 55,971.90, down by 268.20 points (0.48%). Sensex closed at 81,773.66, down by 153.09 points (0.19%).
BSE Midcap index shed 0.7% and Smallcap indices declined 0.4%. Among sectors, except consumer durables, IT, all other sectoral indices ended in the red with realty, telecom, pharma, realty, oil & gas, media, PSU Bank, and auto down 0.3-2%. Tata Motors, UltraTech Cement, Jio Financial, ONGC, and NTPC were among the major losers on the Nifty, while gainers were Titan Company, Infosys, TCS, Tech Mahindra, and Bharti Airtel.
US Markets
- Dow Jones Futures zoomed by 67.00 points, up by 0.14%, currently trading at 46,919.00 as of October 8, 2025.
European Markets
- FTSE 100 (UK) increased by 52.80 points, up by 0.56%, standing at 9,536.11.
- CAC (France) increased by 46.27 points, increased by 0.58%, at 8,021.12.
- DAX (Germany) increased by 90.93 points, up by 0.37%, at 24,473.82.
Global events/updates
SoftBank Group is set to buy ABB’s robotics division for $5.4 billion, aiming to strengthen its position in the fast-growing AI sector. The acquisition highlights SoftBank’s aggressive push into robotics and automation technologies. With this deal, ABB has dropped plans to list its robotics unit separately, pending global regulatory approvals.
European stocks rose on Wednesday as investors digested the EU’s plan to impose higher steel tariffs. The Stoxx 600 gained 0.5%, led by steelmakers like SSAB and Thyssenkrupp, while auto stocks fell amid cost concerns. BMW slumped 7% after weak China sales. The UK steel industry warned the new tariffs could severely impact its operations.
France’s political turmoil has renewed focus on its rising debt and deficit issues. The country has repeatedly breached EU fiscal rules, and Prime Minister Sébastien Lecornu has struggled to address the crisis. Economists doubt France will make meaningful progress in cutting deficits soon, especially with economic growth expected to slow further.
CITI Chairman Ashwin Chandran urged the Finance Ministry for short-term support to textile exporters facing US tariffs and order cancellations. He sought better export incentives and extension of duty-free cotton imports. While global cotton supply looks stable, he highlighted the need to boost India’s man-made fibre processing to improve competitiveness and raise export share.
The US has seen a sharp drop in student visas, with Indian applicants down 44.5% year-on-year, allowing China to regain the top spot. Stricter visa scrutiny, fee hikes, and political tensions have worsened the situation. India–US ties have strained further due to high tariffs and the $100,000 H-1B fee, worrying businesses and professionals alike.
Stock news
Infibeam Avenues Ltd (↑4.74%) – Phronetic AI, backed by Infibeam Avenues, launched PayCentralai — India’s first Agentic Payment Platform, enabling AI agents to transact autonomously. It supports multiple gateways, dynamic payment links, refunds, subscriptions, and secure transactions, driving scalable AI-powered Agent-to-Agent (A2A) payments.
TCS (↑2%) – TCS cancelled its Q2FY26 post-earnings press conference on October 9 to honour Ratan Tata’s death anniversary. The analyst call will continue, and quarterly results will be released after market hours on the same day.
SKM Egg Products Export (↑5%, Upper Circuit) – SKM Egg Products will hold a Board meeting on October 29, 2025, to consider a stock split of ₹10 face-value shares and approve Q2 and H1 FY26 financial results.
Ajmera Realty & Infra (↑5.23%) – Ajmera Realty achieved record Q2FY26 sales of ₹720 crore, up 184% YoY, with area sold rising 101%. H1FY26 sales hit ₹828 crore, up 48%. Strong performance stems from new launches like Ajmera Manhattan 4A4B and Thirty 3.15.
Larsen & Toubro Ltd (L&T) – L&T is poised to win $10–15 billion worth of Middle East contracts, including Yanbu Green Hydrogen and Aramco projects. Strong renewable and infrastructure order inflows continue, supported by global wins like a $2 billion Uzbekistan renewable project.
Ramco Systems Ltd (↑10%, Upper Circuit) – Ramco Systems’ Payce became a certified Workday Global Payroll Connect partner, offering prebuilt integrations with Workday HCM. It enables streamlined multi-country payroll, faster implementations, and improved governance for global enterprises.
Moneyboxx Finance Ltd (↑4%) – Moneyboxx Finance partnered with Water.org to promote financial inclusion in the WASH sector. The collaboration will design affordable loans for small businesses, supported by Water.org’s expertise in product design, training, and monitoring.
Refex Renewables & Infrastructure Ltd (↑1.72%) – Refex Renewables secured a ₹28 crore order from Tiruchirappalli City Corporation to build a 100 TPD Bio-CNG plant under a 20-year PPP model. The project, part of Swachh Bharat Mission Urban 2.0, will be completed in 19 months.
PC Jeweller Ltd (↑%) – PC Jeweller has fulfilled the Joint Settlement Agreement with lenders. DRAT Kolkata ordered the return of showroom keys and inventory previously held by DRAT Delhi, signalling resolution of long-standing disputes.
Madhya Bharat Agro Products Ltd (↑5%) – Revenue rose 61% YoY and 10% QoQ, while net profit jumped 120% YoY and 7.8% QoQ, reflecting strong growth momentum across operations and improved efficiency.
Shringar House of Mangalsutra Ltd (↑1.3%) – Revenue increased 22.73% YoY but fell 5.3% QoQ. Net profit surged 67.74% YoY and 87.37% QoQ, driven by better margins and improved cost control.
Dreamfolks Services Ltd (↑5%, Upper Circuit) – Dreamfolks partnered with The Card Company to launch Wallet α, India’s first premium wallet on PPI rails. It offers elite travel, lifestyle, and entertainment benefits, expanding access beyond traditional high-net-worth users.
Power & Instrumentation (Gujarat) Ltd (↑5%, UC) – The firm received a ₹68.22 crore order from AVVNL for power infrastructure development in Rajasthan under the RDSS scheme. The project includes 11 KV feeder segregation and must be completed in 15 months.
Popular Vehicles & Services Ltd (↑1.17%) – The company will acquire Telangana-based Maruti Suzuki dealer R.K.S. Motor for ₹93 crore via slump sale by October 31, 2025. The deal marks entry into Telangana, with R.K.S. posting ₹492.9 crore annual turnover.
Interarch Building Solutions Ltd – Interarch will establish a new ₹70 crore plant in Kheda, Gujarat, on October 9. Spanning 12 acres, the 40,000 MT facility expands its PEB capacity, boosts exports, and creates 400 jobs, enhancing national reach.
Also read: Chemical stock in focus after company’s net profit increases 121% YoY
Brokerage Recommendations
Endurance Tech
- Target Price:- Rs 3,311.00 apiece
- Upside:- 13%
- By Motilal Oswal
Kalyan Jewellers India
- Target Price:- Rs 670 apiece
- Upside:- 39.09%
- By ICICI Securities
JK Lakshmi Cement
- Target Price:- Rs 1,175 apiece
- Upside:- 38.56%
- By Choice Equity Broking Private Ltd
Birla Corporation
- Target Price:- Rs 1,650 apiece
- Upside:- 37.57%
- By Choice Equity Broking Private Ltd
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| ITI (13.17%) | RHI Magnesita (-5.75%) |
| Sonata Software (5.56%) | Aditya Birla Lifestyle Brands (-5.49%) |
| Aster DM Healthcare (5.43%) | Kaynes Technology (-5%) |
| Titan Company ( 4.35%) | Anant Raj(-4.99%) |
| RBL Bank (4.26%) | NLC (-4.55%) |
Conclusion: Markets ended lower on October 8, with Nifty slipping 0.3% amid broad-based weakness across sectors, except IT and consumer durables. Global cues remained mixed, while investors tracked corporate updates and geopolitical developments. Despite volatility, select stocks like Ramco Systems, Dreamfolks, and Ajmera Realty outperformed, while brokerage optimism on Kalyan Jewellers and cement majors lifted sentiment.
Written by Abhishek Singh
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