Nifty 50 closed at 25,702.75, up by 119.45 points (0.47%). Bank Nifty closed at 57,706.35, up by 283.80 points (0.50%). Sensex closed at 83,910.09, up by 442.44 points (0.56%).
Asian Paints, Bharti Airtel, Max Healthcare, ITC, M&M were among the major gainers on the Nifty, while losers were Wipro, Infosys, Eternal, HCL Technologies, Tech Mahindra. BSE midcap and smallcap indices shed 0.4% each. Among sectors, media, IT, metal, PSU Bank indices fell 0.5-1%, while auto, bank, healthcare, FMCG, and consumer durables rose 0.5-1%.
US Markets
- Dow Jones Futures plummeted by 314.00 points, up by 0.25%, currently trading at 46,603.00 as of October 17, 2025.
European Markets
- FTSE (UK) decreased by 135.96 points, down by 1.44%, standing at 9,300.13.
- CAC (France) shrank by 51.36 points, up by 0.63%, at 8,137.23.
- DAX (Germany) jumped by 495.48 points, down by 2.05%, at 23,775.43.
Global events/updates
European markets opened sharply lower on Friday, dragged down by banking sector fears after U.S. regional banks and Jefferies reported exposure to bad loans. The Stoxx 600 fell 1.7%, with banks down 2.8% and defense stocks also retreating over 3%. Volvo shares dropped 7% despite beating earnings. Investors remain cautious ahead of European inflation data and amid global economic uncertainties.
Rising concerns over U.S. regional banks’ bad loans are rattling global markets, fueling fears of wider credit stress. European and U.S. stocks dipped, while Asia-Pacific markets largely fell. Amid this, geopolitical tensions persist, with China blaming the U.S. for rare earth panic and Europe pushing for faster action on Russian assets. Banks are also leveraging Europe’s luxury sector for growth.
EU leaders are pushing for faster utilization of frozen Russian assets, totaling about €175 billion ($204 billion), to support Ukraine. Ahead of a Brussels meeting, discussions focus on legal and financial frameworks for unlocking these funds. Euroclear CEO Valerie Urbain highlighted the need for careful consideration of the broader implications of such decisions on markets and governance.
U.S. President Donald Trump is shifting focus from the Israel-Hamas ceasefire to Ukraine, signaling a direct approach toward Russia. He plans to meet Russian President Vladimir Putin in Budapest with senior advisors to discuss ending the conflict. Concurrently, Ukraine’s President Zelenskyy will meet Trump at the White House, highlighting intensified diplomatic efforts on the war.
Chinese autonomous vehicle company Pony.ai is partnering with Stellantis to test robotaxis in Europe, beginning in Luxembourg with plans to expand across the continent next year. This collaboration positions both companies in the growing European autonomous mobility market, following Waymo’s recent announcement to start robotaxi trials in London, signaling heightened competition and innovation in urban transportation.
Stock news
Droneacharya Aerial Innovations (5% up)
The company secured a ₹1.09 crore order from the Indian Army to supply 180 FPV drones, strengthening its defense portfolio and showcasing growing demand for advanced unmanned aerial systems in military applications.
KPI Green Energy Limited (3% up)
KPI Green Energy won three Letters of Award from SJVN for a 200 MW solar project in Khavda, Gujarat, worth ₹696.5 crore, covering full-scope EPC and a three-year O&M contract, reinforcing its integrated renewable energy execution model.
Bondada Engineering Ltd (4% up)
Bondada Green Engineering, a subsidiary of Bondada Engineering, received a ₹13.3 crore order from JMR Clean Energy for supply of solar project materials, to be completed within 90 days, enhancing its presence in renewable infrastructure projects.
Punjab & Sind Bank
PSU bank reports strong Q2 results with 23% YoY profit growth and improved asset quality. Net interest income rose 9.5% YoY, with advances and deposits expanding while slippages fell, reflecting robust financial performance and operational stability.
Power & Instrumentation (Gujarat) Ltd (5% UC)
The company received a ₹21.39 crore work order from ATS Techno for design, supply, installation, testing, commissioning, and client handling of factory sheds in Ahmedabad, boosting its industrial engineering project portfolio.
Titan Intech Ltd (5% UC)
Titan Intech received in-principle approval from BSE for a rights issue of fully paid equity shares, allowing the company to raise capital subject to compliance with legal and statutory requirements, supporting growth and expansion initiatives.
Whirlpool of India (10% up)
Shares surged after signing a strategic licensing agreement with Whirlpool Corporation, including long-term brand and technology licenses, and service agreements until 2029, supporting operational efficiency, innovation, and brand expansion in India.
Team24 Consumer Products Ltd (7% up)
The FMCG company entered a strategic collaboration with Singapore-based Nable Pte. Ltd to explore biodegradable technology, enabling technology transfer, fostering innovation, and promoting sustainable agricultural practices in emerging environmentally friendly solutions.
Global Surfaces Ltd (12% up)
Global Surfaces appointed Mayank Shah as CFO in addition to his Chairman and MD roles. With over 20 years in natural and engineered stone, he strengthens international expansion, diversified product offerings, and manufacturing and distribution capabilities.
Samay Project Services Ltd (12.5% up)
Samay Project Services secured ₹40.94 crore of domestic and international EPC orders, including firefighting systems, pipelines, and industrial piping projects in Dubai, Kenya, and India. They also plan a Bio-CNG subsidiary, expanding renewable energy and EPC capabilities.
Dalmia Bharat Ltd (3% up)
Cement company posted 6% QoQ and 11% YoY revenue growth, with PAT surging 388% YoY despite a 39% QoQ drop. GST reduction from 28% to 18% and ongoing capex highlight long-term fiscal and operational advantages.
Aimtron Electronics Ltd (5% up)
Aimtron secured a $3.946 million IoT export deal to supply 200,000 devices for a major international client within 12–15 months, reinforcing its position in global electronics manufacturing and IoT solutions.
HFCL Ltd
HFCL won a $32.02 million export order for optical fiber cables via its overseas subsidiary, strengthening its international customer base and reinforcing its position in global telecom infrastructure supply.
Geekay Wires Ltd (2% up)
Penny stock jumps 2% after the board fixed October 24, 2025, as the record date for a 1:2 stock split, giving shareholders the right to receive subdivided shares, enhancing liquidity and investor appeal.
Pondy Oxides & Chemicals (10% up)
Shares surged 10% after Q2 profit doubled, with revenue up 11% YoY and 6.2% QoQ. PAT rose 122% YoY and 35% QoQ, reflecting strong operational performance and efficient cost management in recycling operations.
Brokerage Recommendations
HDB Financial Services
- Target Price:- Rs 850.00 apiece
- Upside:- 16.41%
- By Emkay
Axis Bank
- Target Price:- Rs 1450.00 apiece
- Upside:- 20.84%
- By ICICI Securities Limited
Tata Communications
- Target Price:- Rs 2,390 apiece
- Upside:- 23.63%
- By ICICI Securities Limited
ACME Solar Holdings
- Target Price:- Rs 370 apiece
- Upside:- 33.79%
- By Motilal Oswal Financial Services
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Whirlpool (12.61%) | CreditAccess Grameen (-7.33%) |
| Bombay Burmah Trading (5.42%) | Wipro (-5.15%) |
| Force Motors (5.32%) | Jindal Saw (-5.11%) |
| Adani Power (5.49%) | PCBL(-4.49%) |
| SBFC Finance (4.54%) | Welspun Living (-4.01%) |
Conclusion:- Indian markets closed higher on Friday, led by gains in Whirlpool, Bombay Burmah Trading, and select industrial, FMCG, and banking stocks, while IT and media sectors lagged. Global cues remained cautious amid U.S. banking concerns and geopolitical tensions. Strong corporate orders, earnings, and strategic collaborations supported market sentiment, with brokerages maintaining positive outlooks on select financial and solar stocks.
Written by Abhishek Singh
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