Nifty 50 opened at 25,546.85, down by 35.70 points (-0.14%). Bank Nifty opened at 57,362.90 decreased by 126.10 points (-0.22%). Sensex opened at 83,331.78, down 119.40 points (0.15%). GIFT Nifty is currently trading at 25,614.00.
Global index as of October 17, 2025
- DOW 30 closed at 45,952.24, down by 301.07 points (-0.65%).
- S&P 500 closed at 6,629.07, down by 41.99 points (0.63%).
- NASDAQ decreased by 107.54 points (0.47%), closing at 22,562.54.
- FTSE 100 increased by 11.34 points (0.12%) to settle at 9,436.09.
- DAX increased by 90.82 points (0.38%), ending at 24,272.19.
- NIKKEI 225 decreased 450.43 points (-0.93%) to trade at 47,827.31.
Commodities Update
- Gold: Currently trading at Rs. 131,600 per 10 grams.
- Silver: up by 0.72%, now at Rs 168,852 per kilo.
- Crude Oil: Prices jumped by 0.12%, reaching USD 60.775, compared to the previous close.
Global events/updates
- China’s Ministry of Commerce accused the U.S. of deliberately spreading panic over its rare earth export controls. Spokesperson He Yongqian said China remains open to trade discussions. Meanwhile, U.S. Trade Representative Jamieson Greer said that China aims to dominate global technology supply chains, intensifying tensions over critical mineral trade and tech dependencies.
- Asia-Pacific markets opened lower Friday, echoing Wall Street losses amid renewed banking and trade worries. Japan’s Nikkei and Australia’s ASX slipped, while South Korea’s Kospi rose nearly 1%, defying the trend. Notably, Singapore’s exports surged 6.9% in September, rebounding sharply after August’s steep decline.
- Alibaba announced that its AI investments in e-commerce have already broken even, according to vice president Kaifu Zhang. Early tests showed a 12% boost in advertising returns driven by AI. Despite market skepticism about heavy AI spending, Alibaba remains confident the technology will continue to deliver strong financial and operational benefits.
- India’s Unified Payments Interface (UPI) continues its global expansion, now linked with eight countries, including Qatar. UPI has become the world leader in real-time payments, processing over 640 million transactions daily—surpassing Visa’s 639 million. This milestone highlights India’s growing influence in digital finance and its push to export indigenous payment technology worldwide.
- President Donald Trump unveiled new measures to make IVF treatments more affordable, marking his administration’s first major step on fertility care. The plan includes a deal with Germany’s Merck KGaA to lower prices on fertility drugs in exchange for tariff relief. IVF remains costly, often exceeding $20,000 per cycle with limited insurance coverage.
Stocks to watch
- Infosys Q2 (Consolidated YoY): Infosys posted a 13.2% profit rise to Rs 7,364 crore and 8.6% revenue growth to Rs 44,490 crore. EBIT increased 8.1% to Rs 9,353 crore, while margins slightly fell to 21%. Interim dividend declared at Rs 23. FY26 revenue guidance: 2–3% CC growth, margin 20–22%.
- Wipro Q2 (Consolidated YoY): Wipro reported modest growth, with profit up 1.2% to Rs 3,246 crore and revenue rising 1.8% to Rs 22,697 crore. IT services revenue grew 2%, EBIT rose 1.3%, but margins slightly slipped to 16.7%. Q3 IT services revenue expected at $2,591–2,644 million.
- Jio Financial Services Q2 (Consolidated YoY): Jio Financial Services’ profit increased 0.9% to Rs 695 crore, while revenue surged 41.5% to Rs 981 crore. AUM jumped to Rs 14,712 crore. Pre-provisioning operating profit improved to Rs 579 crore, reflecting strong business growth and financial stability.
- LTIMindtree Q2 (Consolidated YoY): LTIMindtree posted 10.4% profit growth to Rs 1,381 crore and 10.2% revenue growth to Rs 10,394 crore. EBIT rose 13% to Rs 1,648 crore, with margins improving 40 bps to 15.9%. Dollar revenue grew 4.8%, and an interim dividend of Rs 22 was declared.
- JSW Infrastructure Q2 (Consolidated YoY): JSW Infrastructure’s profit fell 2.8% to Rs 361 crore, despite revenue rising 26.4% to Rs 1,266 crore. The company saw strong topline growth, but margins were impacted, reflecting higher costs or investments in ongoing projects during the quarter.
- Cyient Q2 (Consolidated YoY): Cyient reported a 28.8% profit drop to Rs 127.5 crore and revenue decline of 3.7% to Rs 1,781 crore. The company declared an interim dividend of Rs 16 per share, amid softening demand and operational challenges in the quarter.
- Vikram Solar Q2 (Consolidated YoY): Vikram Solar’s profit soared 1,646% to Rs 128.5 crore, with revenue up 93.7% to Rs 1,110 crore. Strong demand and improved operational efficiency drove this exceptional growth, highlighting the company’s expansion in the renewable energy sector.
- Metro Brands Q2 (Consolidated YoY): Metro Brands’ profit dipped 3.9% to Rs 69 crore, while revenue rose 11.2% to Rs 651 crore. Despite higher sales, profitability was impacted by costs or margins, reflecting pressure in the retail footwear segment during the quarter.
- CIE Automotive India Q2 (Consolidated YoY): CIE Automotive India’s profit increased 9.6% to Rs 214 crore, with revenue up 11.1% to Rs 2,372 crore. Strong demand in auto components supported growth, reflecting solid performance across manufacturing operations and improved operational efficiency.
- Punjab & Sind Bank Q2 (YoY): Punjab & Sind Bank’s profit jumped 22.9% to Rs 294.5 crore, with net interest income up 8.8%. Gross NPA fell to 2.92% and net NPA to 0.83%. Board approved raising Rs 5,000 crore via equity/bonds and Rs 3,000 crore via infrastructure bonds by March 2027.
- Rallis India Q2 (YoY): Rallis India’s profit rose 4.1% to Rs 102 crore, but revenue fell 7.2% to Rs 861 crore. Lower sales in some segments impacted the topline, though cost control and operational efficiency helped maintain earnings growth.
- Sunteck Realty Q2 (Consolidated YoY): Sunteck Realty posted a 41.4% profit increase to Rs 49 crore, with revenue surging 49.3% to Rs 252 crore. Strong project sales and delivery momentum drove significant growth in both revenue and profitability.
- PNB Gilts Q2 (YoY): PNB Gilts reported a loss of Rs 45.35 crore, compared with a profit of Rs 114.7 crore last year. Revenue declined 11.5% to Rs 443 crore, reflecting challenges in market conditions and investment performance during the quarter.
- Fortis Healthcare: IHH Healthcare Berhad announced an open offer to acquire up to 26.10% of Fortis Healthcare and 26.11% of Fortis Malar Hospitals, signaling a major strategic investment and potential consolidation in the Indian healthcare sector.
- Biocon: Biocon Biologics expanded its partnership with Civica Inc. to launch private-label insulin Glargine in the U.S., strengthening its presence in the American diabetes care market and advancing its global growth strategy in biosimilars.
- JSW Energy: JSW Energy’s subsidiary Utkal received a Letter of Award for a 400 MW, 25-year power supply agreement with the Power Company of Karnataka, starting April 2026. Coal procurement will be sourced via Coal India under the SHAKTI Scheme 2017.
- Godrej Industries: Godrej Industries invested an additional Rs 409 crore in its subsidiary Godrej Capital, increasing its stake to 91.11%. The move strengthens control over financial operations and supports expansion plans in the group’s financial services segment.
- BEML: BEML signed an MoU with Kineco to collaborate on advanced composite manufacturing for aerospace and defence. The partnership aims to enhance technological capabilities and support India’s strategic initiatives in defence manufacturing.
- Sanofi Consumer Healthcare India: Sanofi Consumer Healthcare India appointed Richard D’souza as CFO, effective October 16. This leadership change aims to strengthen financial management and support strategic growth initiatives across the company’s consumer healthcare business in India.
- Whirlpool of India
Whirlpool India has signed long-term agreements with its parent company covering brand and technology, replacing annual contracts. These agreements will remain in effect until March 2029, providing stability and continuity for the company’s operations. - Tata Motors
Tata Motors will change its name to Tata Motors Passenger Vehicles, effective October 24. Alongside the name change, its stock symbol will also update to TMPV on the same date, reflecting a strategic focus on passenger vehicle operations. - HCL Technologies
HCL Technologies has expanded its partnership with Zscaler to enhance AI-powered security and network transformation solutions, strengthening its digital infrastructure capabilities and delivering advanced cybersecurity offerings to clients. - Central Bank of India
Central Bank of India has partnered with Godrej Housing Finance to offer housing loans at competitive interest rates, aiming to improve access to affordable home financing for customers across the country. - Mahanagar Gas
Mahanagar Gas has appointed Ajay Sinha as Whole-Time Director, who will serve as Deputy Managing Director, reinforcing leadership and supporting the company’s strategic initiatives in the gas distribution sector.
Bulk and Block Deals
- Rubicon Research
Nomura Funds Ireland Plc, via its India Equity Fund, acquired 16.5 lakh shares in Rubicon Research, representing a 1% stake. The shares were purchased at Rs 616.31 each, totaling Rs 101.69 crore, signaling confidence in the company’s growth prospects. - Canara Robeco AMC
Negen Capital Services, founded by Neil Bahal, purchased 10.9 lakh shares of Canara Robeco AMC at Rs 281.79 per share. The total investment amounted to Rs 30.7 crore, reflecting a strategic addition to the fund’s portfolio in the financial services sector. - CarTrade Tech
Plutus Wealth Management LLP acquired 3.75 lakh shares in CarTrade Tech, representing a 0.78% stake, at Rs 2,454.98 per share, totaling Rs 92.06 crore. Meanwhile, Oxbow Master Fund reduced its stake by selling 2.84 lakh shares worth Rs 69.48 crore. - CMS Info Systems
PPFAS Mutual Fund bought 20 lakh shares of CMS Info Systems (1.21% stake) at Rs 358 each, totaling Rs 71.6 crore. Conversely, WF Asian Reconnaissance Fund sold 26.9 lakh shares at Rs 358.01 per share, generating Rs 96.3 crore. - IRB InvIT Fund
L&T Technology Services purchased 72.37 lakh units at Rs 60.40 each, and Larsen & Toubro acquired 4.41 crore units at Rs 60.24 each, jointly securing an 8.85% stake in IRB InvIT Fund. Meanwhile, several investors sold 8.23 crore units worth Rs 505.11 crore.
Also Read: ₹45,000 Cr Investment: Largecap auto stock to buy now for an upside of up to 30%
Brokerage Recommendations
- Infosys – BofA
BofA maintains a ‘Buy’ rating on Infosys with a target price of Rs 1,780. Guidance implies flattish CQGR for H2, and the company may close the fiscal year with around 3% YoY organic growth.
- Wipro – Emkay
Emkay retains ‘Reduce’ on Wipro with a TP of Rs 250. Client bankruptcy impacted reported EBIT margins. Deal intake remains strong, though three verticals showed weakness. Margins face near-term pressure amid backlog ramp-up.
- LTIMindtree – Nuvama
Nuvama maintains ‘Buy’ on LTIMindtree, raising TP to Rs 6,900 from Rs 6,200. The company beat expectations, targets double-digit USD growth in H2, and FY26/27 EPS upgraded 4% on higher margins post-LTI-Mindtree merger.
- Nestle India – Morgan Stanley
Morgan Stanley maintains ‘Underweight’ with TP Rs 1,010. Domestic revenue grew 11% YoY, volume growth exceeded expectations. Margins steady. Management expects milk prices to ease, coffee to stabilise, while edible oil costs remain inflationary.
- Eternal – Nuvama
Nuvama retains ‘Buy’ on Eternal, raising TP to Rs 400 from Rs 320. Revenue exceeded estimates, but EBITDA margin was below consensus. Quick commerce losses higher than expected. FY26/27 margin expectations revised lower; Blinkit growth projected at 100% CAGR.
Mainboard/SME Listing
- Canara HSBC Life Insurance Company
- SK Minerals & Additives
- Sihora Industries
- Shlokka Dyes
Stock Trades Ex-Dividend
- HCL Technologies
- Anand Rathi Wealth
- PlatinumOne Business Services
Stocks Trade Ex-Date for Split
- A B Infrabuild
- Narmada Macplast Drip Irrigation Systems
- Rolex Rings
- Sunrakshakk Industries India
Earnings In Focus
Reliance Industries, JSW Steel, JSW Energy, 360 ONE WAM, Atul, AU Small Finance Bank, Bajaj Healthcare, Bank of India, Ceat, Central Bank of India, CESC, CRISIL, Dalmia Bharat, DCB Bank, Dixon Technologies, Havells India, Hindustan Zinc, India Cements, IndiaMART InterMESH, Jindal Saw, Jana Small Finance Bank, L&T Technology Services, Oracle Financial Services Software, Polycab India, Poonawalla Fincorp, PVR Inox, REC, Shoppers Stop, Sobha, Solarworld Energy Solutions, Sterling and Wilson Renewable Energy, Tanla Platforms, Tata Technologies.
Written by Abhishek Singh
Disclaimer
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