Nifty 50 opened at 25,074.30, up by 28 points (0.07%). Bank Nifty opened at 55,955.60 decreased by 41.65 points (0.070%). Sensex opened at 81,900.00, up 152 points (0.17%). GIFT Nifty is currently trading at 25,171.50.
Global index as of October 9, 2025
- DOW 30 closed at 46,601.78, down by 1.20 points (0.0026%).
- S&P 500 closed at 6,753.72, up by 39.13 points (0.58%).
- NASDAQ increased by 255.01 points (1.12%), closing at 23,043.38.
- FTSE 100 increased by 65.29 points (0.69%) to settle at 9,548.87.
- DAX increased by 211.35 points (0.87%), ending at 24,597.13.
- NIKKEI 225 increased 670.94 points (1.41%) to trade at 48,405.93.
Commodities Update
- Gold: Currently trading at Rs. 122,713 per 10 grams.
- Silver: down by 0.83%, now at Rs 148,633 per kilo.
- Crude Oil: Prices plummeted by 0.06%, reaching Rs 65.625, compared to the previous close.
Global events/updates
- Hang Seng Bank shares surged 30% after HSBC proposed a privatization deal valuing the lender at over $37 billion. HSBC, which already holds a 63% stake, has offered HK$155 per share, translating to a total deal worth HK$106 billion. The move underscores HSBC’s strategy to consolidate its Hong Kong operations and streamline regional control.
- Israel and Hamas have agreed to the first phase of a Gaza peace plan, marking a major step toward ending the two-year conflict. The deal, confirmed by Israeli officials, Hamas, and mediator Qatar, includes the release of hostages and prisoners. However, uncertainty remains over key issues like Hamas’s demilitarization, a condition urged by President Trump.
- Asian markets traded mixed, with Japan’s Nikkei 225 up 1%, boosted by a 13% surge in SoftBank shares after it agreed to acquire ABB’s robotics unit for $5.4 billion, signaling a bold push into automation. Meanwhile, Hong Kong-listed Hang Seng Bank soared over 29%, while South Korean markets remained closed for a holiday.
- Commerce Minister Piyush Goyal reaffirmed India’s ambition to become a developed, $30–35 trillion economy by 2047, driven by strong macro fundamentals, infrastructure growth, and global partnerships. Speaking at the Global Fintech Fest, he highlighted India’s rise as a fintech leader and trusted global partner, emphasizing that digital transformation and trust will fuel the nation’s sustained progress.
- Jim Cramer highlighted three parts of the current economy the booming AI and data center sector, the steady consumer-driven segment, and a struggling area that needs support. He noted that while two sectors are performing strongly, one has become overly speculative, creating an uneven economic landscape that’s influencing market behavior and investor sentiment.
Stocks to watch
- Coal India: Coal India signed an agreement with IRCON International to jointly develop rail infrastructure, aiming to improve coal evacuation efficiency and strengthen logistics capabilities, supporting smoother transportation and faster delivery to power and industrial consumers.
- Aditya Birla Capital: Aditya Birla Capital introduced AI-powered features on its omnichannel D2C platform, ABCD, enhancing customer experience through smarter recommendations, seamless service delivery, and personalized financial solutions across insurance, lending, and investment products.
- Oswal Agro Mills: Oswal Agro Mills announced the resignation of Narinder Kumar as CEO and Whole-Time Director, marking a key leadership change as the company reassesses its management structure and strategic direction for future operations.
- Paradeep Phosphates: Paradeep Phosphates’ board approved the NCLT-sanctioned merger scheme with Mangalore Chemicals and Fertilizers, aiming to create operational synergies, improve efficiency, and strengthen its position in India’s fertilizer and agri-inputs industry.
- IIFL Finance: IIFL Finance appointed Girish Kousgi as Managing Director and CEO of IIFL Home Finance, bringing extensive experience in housing finance to drive growth, digital transformation, and strengthen its leadership in the affordable home loan segment.
- Adani Power: Adani Power sought consent for an additional ₹2,000 crore approval related to an already sanctioned Material Related Party Transaction, supporting the company’s ongoing expansion plans and financial alignment within the Adani Group’s operational framework.
- Cholamandalam Investment & Finance: Cholamandalam Investment approved converting 30,700 CCDs into 22.4 lakh shares at ₹1,369.05 per share, reflecting the company’s capital restructuring move to strengthen its balance sheet and support business growth and financing activities.
- Lupin: Lupin announced plans to set up a new $250 million manufacturing facility in Florida, marking a significant U.S. expansion aimed at enhancing global supply capacity and strengthening its position in regulated markets.
- Ashoka Buildcon: Ashoka Buildcon acquired 44.05 lakh Class A CCDs and 1 crore Class B CCDs worth up to ₹882 crore, enhancing its financial holdings and supporting the company’s investment strategy for infrastructure growth.
- Uniparts India: Uniparts India’s board will meet on October 13 to consider declaring a special interim dividend, reflecting strong financial performance and the company’s focus on rewarding shareholders amid sustained business momentum.
- Prestige Estates Projects: Prestige Estates reported a 50% jump in sales to ₹6,017.3 crore, with collections rising 54% to ₹4,212.8 crore. Sales volume grew 47%, while apartment and plot realisations increased 8% and 43%, respectively.
- Senco Gold: Senco Gold’s H1 revenue rose 17.8%, led by 16% retail growth and 7.5% SSSG. Q2 revenue grew 6.5%. With 184 stores, it plans 7–8 new showrooms, targeting 18–20% FY26 topline growth.
- Container Corporation of India: CONCOR’s Q2 throughput rose 10.5% to 14.4 lakh TEUs. EXIM volumes increased 8.7%, while domestic throughput surged 16.7%, driven by strong trade demand and improved logistics efficiency across key freight corridors.
- Saatvik Green Energy: Saatvik Green Energy’s Q1 profit surged 459% to ₹118.8 crore, while revenue jumped 272% to ₹915.7 crore, reflecting strong solar manufacturing demand and improved operational performance in its renewable energy segment.
- IRB InvIT Fund: IRB InvIT launched a ₹3,000 crore QIP at a floor price of ₹62.69 per unit, with an option to upsize by ₹250 crore, aiming to fund infrastructure expansion and strengthen its asset portfolio.
- GR Infraprojects: GR Infraprojects received a ₹290.23 crore contract from Jharkhand Highway Authority to build the Giridih Bypass (towards Tundi), expanding its EPC road project portfolio and reinforcing its execution capabilities in eastern India.
- Garuda Construction and Engineering: Garuda Construction bagged ₹143.96 crore worth of orders from Orbit Ventures Developers for civil work on the Shikhar-B redevelopment project in Oshiwara, Mumbai. Its total order book now stands at ₹3,229.78 crore.
- Escorts Kubota: Escorts Kubota plans to invest up to ₹2,000 crore by 2031 to expand its manufacturing and R&D facilities in Haryana, focusing on innovation and capacity enhancement in agriculture and construction equipment.
- EPL: EPL appointed Hemant Bakshi as CEO-Designate effective October 13 and MD & Global CEO from January 2026, succeeding Anand Kripalu, who retires December 2025 but will serve as Executive Director until March 2026.
- Oswal Agro Mills: Oswal Agro Mills announced that Narinder Kumar resigned as Whole-time Director and CEO effective October 8, stepping down due to personal commitments, marking a leadership transition within the company’s management team.
Bulk and Block Deals
- EFC (I): Sunil Singhania’s Abakkus Diversified Alpha Fund – 2 acquired 3.5 lakh shares, or a 0.35% stake, in EFC (I) at ₹296.1 per share, worth ₹10.36 crore. The shares were purchased from Forbes EMF, which held a 1.51% stake as of June 2025.
- RBL Bank: France-based Societe Generale bought 33.22 lakh shares, representing a 0.54% stake in RBL Bank, at ₹284 per share for a total transaction value of ₹94.36 crore, signaling foreign investor confidence in the lender.
Brokerage Recommendations
- PVR Inox (CLSA): CLSA maintained Outperform with a ₹1,920 target, citing a strong rebound in box office collections and upcoming festive releases. The brokerage sees no structural risk for multiplexes and expects a favourable long-term risk-reward outlook.
- ABB (UBS): UBS retained a Neutral rating with a ₹5,360 target, saying ABB’s parent’s robotics unit sale has minimal impact on ABB India, as the segment contributes just 4% revenue and 2.3% PBIT.
- Prestige Estates (Nomura): Nomura maintained Buy with a ₹1,900 target, highlighting strong Q2 presales achieving 69% of FY26 guidance. Trading at a 25% NAV premium, Prestige remains Nomura’s top real estate pick.
- IndiGo (Goldman Sachs): Goldman Sachs kept a Buy with a ₹6,000 target, expecting 11% capacity CAGR led by 19% international expansion (FY25–28). IndiGo’s leadership, new routes, and upcoming airports will drive sustained international growth.
- IRCTC (Macquarie): Macquarie reiterated Outperform with a ₹900 target, noting IRCTC’s strong ROCE and free cash flow are underappreciated. It sees potential for re-rating despite PSU status, driven by superior capital efficiency and cash generation.
- Adani Enterprises (Jefferies): Jefferies maintained Buy with a ₹3,000 target, highlighting Navi Mumbai Airport’s Phase 1 launch. The dual-airport strategy boosts coordination, while retail, hospitality, and real estate monetisation enhance long-term growth potential.
- Eternal (Citi): Citi reiterated Buy, raising the target to ₹395 from ₹320, citing strong Blinkit growth. Rapid app traffic, dark store expansion, and city additions reinforce Blinkit’s market leadership, driving higher growth and margin prospects.
Mainboard/SME IPO Listing in October 9, 2025
- Greenleaf Envirotech
- DSM Fresh Foods
Stock Trades Ex-Bonus & Split
- Chandrima Mercantiles
Upcoming Events for today
Sona Comstar Inheritance Dispute – Delhi HC to hear case
TCS Q2 Earnings
Written by Abhishek Singh
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