Nifty 50 opened at 25,177.30, down by 100 points (0.41%). Bank Nifty opened at 56,405.45 decreased by 85.20 points (0.14%). Sensex opened at 82,049.16, down 238.57 points (0.38%). GIFT Nifty is currently trading at 25,300.50.
Global index as of October 13, 2025
- DOW 30 closed at 45,479.60, down by 878.82 points (1.90%).
- S&P 500 closed at 6,552.51, down by 182.60 points (2.71%).
- NASDAQ decreased by 820.20 points (3.56%), closing at 22,204.43.
- FTSE 100 decreased by 81.93 points (0.86%) to settle at 9,427.47.
- DAX decreased by 369.79 points (1.50%), ending at 24,241.46.
- NIKKEI 225 decreased 491.64 points (1.01%) to trade at 48,088.80.
Commodities Update
- Gold: Currently trading at Rs. 123,160 per 10 grams.
- Silver: up by 3.13%, now at Rs 151,023 per kilo.
- Crude Oil: Prices jumped by 2.29%, reaching Rs 63.405, compared to the previous close.
Global events/updates
- U.S. stock futures rebounded after Trump’s assurance that trade relations with China “will be fine,” easing fears of higher tariffs. His remarks, echoed by Vice President JD Vance, lifted investor sentiment after a $2 trillion sell-off. Tech stocks may recover as optimism grows ahead of earnings from major banks and possible U.S.-China trade talks.
- China defended its rare earth export curbs, calling them a lawful move and accusing the U.S. of “double standards.” Beijing said it doesn’t seek a trade war but won’t shy away from one either. This response follows Trump’s 100% tariff announcement on Chinese imports, heightening U.S.-China tensions and adding fresh uncertainty to global trade.
- China’s decision to impose docking fees on U.S. ships from Oct. 14 marks a direct retaliation to new U.S. port charges. This move escalates trade tensions between the two nations. With China dominating global shipbuilding at over 53%, compared to America’s mere 0.1%, the U.S. may face limited leverage in this maritime standoff.
- A power struggle is reportedly emerging within the Tata Group, one of India’s largest business empires. The tension centers on Tata Trusts, which owns 66% of Tata Sons, the group’s main holding company. Tata Trusts’ board is meeting today for the first time since news of the internal dispute surfaced, raising concerns about leadership stability.
- Vice President JD Vance claimed widespread “waste and fraud” in the Affordable Care Act tax credits, a key sticking point in the ongoing government shutdown. Democrats want the subsidies extended in any funding bill, while Republicans oppose it. The 12-day shutdown is worsening, with the Trump administration beginning large-scale federal worker layoffs.
Stocks to watch
- BLS International Services: MEA has barred BLS International from future tenders and India Mission projects for two years. The company said this will not impact ongoing contracts or earnings, as Indian Missions contributed only 12% of revenue and 8% of EBITDA in Q1FY26.
- Reliance Power: Reliance Power confirmed CFO Ashok Kumar Pal’s arrest by the ED in a money laundering case, leading to his resignation. The firm clarified that Anil Ambani has had no board role or involvement with the company for over 3.5 years.
- Welspun Enterprises: Welspun Enterprises’ board will meet on October 15 to consider fund-raising through convertible warrants. The company is L1 bidder for two projects worth ₹10,445 crore, including a Pune-Shirur highway and Panjrapur water treatment project with Veolia Water Technologies.
- Muthoot Finance: Muthoot Finance denied any wrongdoing, asserting it neither collected nor managed investor funds and has no business ties with Srei companies. The company emphasized its clean compliance record and clarified that its financial operations remain unaffected by the allegations.
- New Delhi Television (NDTV): NDTV completed its rights issue successfully, raising ₹396.49 crore with 1.11x oversubscription. The capital raise increased NDTV’s equity share capital from 6.45 crore to 11.28 crore shares, strengthening its balance sheet and funding future business expansion plans.
- Zen Technologies: Zen Technologies secured a ₹37 crore order from the Ministry of Defence to supply advanced anti-drone systems. This deal reinforces its position in India’s defense technology sector and supports its growth in counter-drone and surveillance solutions.
- Bajaj Finserv: Bajaj General Insurance reported ₹2,218.77 crore gross premium in September and ₹11,554.35 crore for H1FY26. Bajaj Life Insurance posted ₹1,374.58 crore new business premium in September and ₹6,327.17 crore for April–September 2025, reflecting steady business growth.
- Medplus Health Services: A subsidiary of Medplus Health received a suspension order for one drug license related to a store in Karnataka. The company is addressing the issue and ensuring compliance to prevent disruption across its nationwide retail pharmacy network.
- PC Jeweller: The Debts Recovery Appellate Tribunal, Kolkata, approved returning control of PC Jeweller’s showrooms and inventory previously under DRAT Delhi custody. This marks a key relief for the company, aiding efforts to revive operations and restore business stability.
- Avenue Supermarts (Q2FY26): Revenue rose 15.5% to ₹16,676 crore, EBITDA up 11% to ₹1,214 crore, and net profit up 3.9% to ₹685 crore. Margins slightly declined to 7.3% from 7.6%, reflecting steady retail expansion despite higher costs.
- Waaree Renewable Technologies (Q2): Profit surged 117% YoY to ₹116.3 crore, while revenue jumped 47.7% to ₹774.8 crore. The strong performance reflects robust solar demand, rising project execution, and expanding order book in India’s fast-growing renewable energy sector.
- Signature Global (Q2): Pre-sales dropped 28% YoY to ₹2,010 crore, and area sold declined 44% to 1.34 million sq. ft. However, collections improved 2% to ₹940 crore, indicating strong buyer payments despite slower new bookings.
- Adani Energy Solutions (Q2): System availability stood at 99.63% with full collection efficiency of 100.59%. The company’s transmission order book spans 13 projects worth ₹60,004 crore, showcasing consistent operational excellence and expanding infrastructure presence across India.
- Phoenix Mills (Q2): Retailer consumption across malls grew 13%, while residential sales jumped to ₹139 crore from ₹27 crore. Collections nearly doubled to ₹115 crore, highlighting strong recovery in retail and real estate segments post-pandemic.
- Lupin: USFDA completed a pre-approval inspection at Lupin’s Somerset, New Jersey, facility from September 29 to October 10, ending with one observation. The company will address the observation promptly to ensure timely product approvals.
- Kotak Mahindra Bank: Sonata Finance merged with BSS Microfinance, ceasing to be a subsidiary of Kotak Bank. Both entities were wholly owned subsidiaries, and the merger aims to streamline Kotak’s microfinance operations and improve efficiency.
- Mahindra Lifespace Developers: Chosen as preferred partner for redeveloping four societies in Malad (West), Mumbai, with ₹800 crore potential. The company also acquired 13.46 acres in Pune, offering ₹3,500 crore development value, boosting its urban growth pipeline.
- Hindustan Construction Company (HCC): HCC won a ₹204 crore contract from Hindalco for fabrication, supply, and erection of pot shells and superstructures under Aditya Aluminium’s Odisha smelter expansion, strengthening its industrial project portfolio.
- Sanofi Consumer Healthcare India: CFO Narahari Naidu resigned effective October 15 to pursue new opportunities. The company will soon announce a successor and ensure a smooth transition to maintain financial continuity and governance standards.
- Travel Food Services: Subsidiary TFS Gurgaon Airport Services signed a license agreement with Delhi International Airport to operate and manage F&B outlets at Terminal 2, expanding its airport hospitality presence in New Delhi.
- Mankind Pharma: Mankind Pharma signed a ₹797 crore Business Transfer Agreement with subsidiary Bharat Serums and Vaccines to acquire its women’s health Rx portfolio, enhancing its product range and strengthening its position in specialty healthcare.
- NTPC Green Energy: Signed an MoU with Japan’s ENEOS Corporation to supply green methanol and hydrogen derivatives, marking a step forward in India’s clean energy exports and global sustainability partnerships.
- Allied Blenders and Distillers: Appointed Jayant Bhalchandra Manmadkar as Chief Financial Officer effective October 10, aiming to strengthen leadership and enhance financial management at India’s leading spirits manufacturer.
- Asian Paints: Subsidiary Asian White Inc. FZE began commercial production at its Fujairah, UAE, plant on October 12. The facility manufactures white cement and clinker with a 2,65,000-ton capacity, expanding Asian Paints’ global footprint.
- Axis Bank: RBI issued a ‘Letter of Caution’ to Axis Bank over KYC compliance lapses. The bank said corrective actions are complete and reaffirmed commitment to regulatory standards and governance.
- Computer Age Management Services (CAMS): The board approved splitting one ₹10 equity share into five ₹2 shares, subject to shareholder approval via postal ballot, enhancing liquidity and accessibility for retail investors.
Bulk and Block Deals
- CarTrade Tech: Plutus Wealth Management LLP, led by Arpit Khandelwal, bought 3.75 lakh shares (0.78% stake) in CarTrade Tech at ₹2,445.04 per share, totaling ₹91.68 crore. Meanwhile, Goldman Sachs India exited partially, selling 3.61 lakh shares (0.76% stake) at ₹2,445 per share, amounting to ₹88.41 crore.
- WeWork India: Plutus Wealth Management purchased 11.46 lakh shares (0.85% stake) in WeWork India at ₹630.17 per share, worth ₹72.27 crore. In contrast, CLSA Global Markets and BofA Securities sold significant stakes, offloading 21.94 lakh shares combined for over ₹139 crore. CLSA held 1.74% in WeWork as of October 9.
Also Read: Debt free stocks trading at a discount of up to 50% to keep an eye on
Brokerage Recommendations
- Morgan Stanley on JSW Steel: Maintains Overweight with a ₹1,300 target. Production exceeded estimates, with JVML operating at 88% utilization. Some inventory build-up is expected due to the Vijaynagar blast furnace shutdown for 150 days. India sales volumes are likely to grow around 17% YoY.
- CITI on PI Industries: Reiterates Buy with a ₹4,350 target. Kumiai raised FY25 revenue guidance by ~6% but slightly cut operating profit due to AXEEV price adjustments. Positive for PI, though impact depends on whether price cuts affect its export pricing.
- CITI on KFin Technologies: Upgraded to Buy; target raised to ₹1,215. Positioned to benefit from strong MF flows, alternate growth, and Ascent’s global reach. Lower AUM-linked revenue dependence than CAMS and diversified clientele support stability. Promoter stake sale overhang continues.
- Morgan Stanley on MGL: Maintains Overweight; target ₹1,749. New Mumbai airport could boost gas demand significantly over the decade. Natural gas remains core to Mumbai’s transport growth. Airport ramp-up may lift annual gas consumption growth by 100bps, doubling MGL’s addressable market.
- Morgan Stanley on Avenue Supermarts: Maintains Equal Weight; target ₹4,552. Q2 results missed estimates revenue, EBITDA, and PAT rose 15%, 11%, and 4% YoY but trailed forecasts. LFL growth slowed to 6.8%, a 10-quarter low. DMart Ready operations reduced to 19 cities.
Mainboard/SME IPO Listing in October 13, 2025
- Tata Capital
Stocks in F&O ban
- RBL Bank
- Sammaan Capital
Written by Abhishek Singh
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