Market Opening Bell: Sensex opens at 84,750; Nifty at 25,984 – Bharat Heavy Electricals, Tata Steel in focus today

by | October 30, 2025 9:32 am

Nifty 50 opened at 25,984.40, down by 83.50 points (0.29%). Bank Nifty opened at 58,152.05 decreased by 62 points (0.11%). Sensex opened at 84,750.90, down by 233.53 points (0.27%). GIFT Nifty is currently trading at 26,142.50.

Global index as of October 30, 2025

  • DOW 30 closed at 47,632.00, down by 74.37 points (0.16%).
  • S&P 500 closed at 6,890.59, down by 0.30 points (0.0044%).
  • NASDAQ increased by 130.98 points (0.55%), closing at 23,958.47.
  • FTSE 100 increased by 59.40 points (0.61%) to settle at 9,756.14.
  • DAX  decreased by 154.42 points (0.64%), ending at 24,124.21.
  • NIKKEI 225 increased 89.20 points (0.17%) to trade at 51,396.85.

 Commodities Update

  • Gold: Currently trading at Rs. 120,666 per 10 grams.
  • Silver: up by 1.20%, now at Rs 146,081 per kilo.
  • Crude Oil: Prices down by 0.14%, reaching USD 63.985, compared to the previous close.

Global events/updates

  • Chinese President Xi Jinping met U.S. President Donald Trump in South Korea, marking Xi’s first visit there in 11 years. The meeting, held ahead of the APEC summit in Gyeongju, aimed to ease trade and tariff tensions. Xi struck a friendly, cooperative tone, calling Trump a “partner and friend” as talks began at Gimhae Air Base.
  • As Trump visits South Korea for his Asia tour, he expects major progress in talks with Xi Jinping on trade, tariffs, and tech. Analysts say China seeks stability, tariff cuts, eased tech restrictions, and respect for its sovereignty. Despite Trump’s optimism, experts doubt major breakthroughs, predicting only limited agreements to ease U.S.-China tensions temporarily.
  • U.S. President Donald Trump has ordered the Pentagon to resume nuclear weapons testing for the first time since 1992, citing rising threats from rival nations. He claimed the U.S. holds the largest nuclear arsenal, though data shows Russia leads in total warheads. The move raises global concerns about escalating nuclear tensions and arms competition.
  • Trump signed rare earth supply deals with four Asian nations to reduce reliance on China’s dominance in the sector. Experts say this could help stabilize global prices and strengthen U.S. refining capacity. However, building new supply chains will take years, even as China’s export restrictions push more countries to support Washington’s critical mineral strategy.
  • Oil prices steadied ahead of the Trump-Xi summit in South Korea and the upcoming OPEC+ meeting. Brent hovered below $65 and WTI near $60. Traders expect a U.S.-China trade deal and possible tariff rollbacks, while OPEC+ may discuss modest production hikes. However, rising supply concerns keep crude on track for its third straight monthly decline.

Stocks to watch

  • Tata Steel: Tata Steel has filed a writ petition against a demand of ₹2,411 crore and acquired 159 crore shares of T Steel Holdings Pte for ₹1,409 crore, making it a wholly owned foreign subsidiary.
  • Titan: Titan announced the resignation of Ambuj Narayan as CEO of its Indian Dress Wear Division, signaling potential leadership changes as the company continues expanding its portfolio in the fashion and accessories segment.
  • JSW Steel: JSW Steel increased its economic interest in M Res NSW HCC Pty to 83.33% from 66.67% through share purchases worth USD 60 million. The deal also raised M Res NSW’s stake in Golden M NSW Pty to 36%.
  • Adani Ports: Adani Ports clarified that it has signed two non-binding MoUs with Jawaharlal Nehru Port Authority for potential participation in Vadhavan Port projects and denied reports of a ₹53,000 crore investment commitment before tenders are issued.
  • Vedanta: Vedanta’s demerger petition was heard by NCLT Mumbai, with the final hearing on November 12. The company reiterated its plan to create independent, sector-specific entities while confirming additional share encumbrances but no new pledges.
  • Larsen & Toubro (Q2): L&T’s consolidated profit rose 16% YoY to ₹3,926 crore with revenue up 10% to ₹67,984 crore. EBITDA increased 7% to ₹6,806 crore, though margins slightly declined to 10% from 10.3% last year.
  • LIC Housing Finance (Q2): LIC Housing Finance reported a 2% rise in standalone profit to ₹1,354 crore. Net interest income grew 3% to ₹2,038 crore, while its net interest margin slipped slightly to 2.62% from 2.71%.
  • BHEL (Q2): Bharat Heavy Electricals posted a strong 253% YoY profit surge to ₹375 crore, with revenue increasing 14% to ₹7,512 crore, driven by improved execution and strong order momentum across core sectors.
  • PB Fintech (Q2): PB Fintech, parent of Policybazaar, saw profit jump 165% YoY to ₹135 crore as revenue rose 38% to ₹1,614 crore, supported by higher insurance demand and growing online penetration.
  • United Breweries (Q2): United Breweries’ profit plunged 65% YoY to ₹46.5 crore amid a 3% revenue drop to ₹2,053 crore, reflecting weak demand and higher costs in the domestic beer market.
  • Le Travenues Technology (Q2): The parent of ixigo reported a ₹3.5 crore loss versus a ₹13 crore profit last year, though revenue surged 37% YoY to ₹283 crore on strong travel demand and app traffic.
  • RailTel Corporation (Q2): RailTel’s profit increased 4.7% YoY to ₹76 crore as revenue grew 12.8% to ₹951 crore, supported by higher project execution and robust network service expansion.
  • NTPC Green Energy (Q2): NTPC Green Energy’s profit more than doubled, up 130% YoY to ₹88 crore, while revenue rose 21.5% to ₹612 crore, led by capacity addition and higher renewable power generation.
  • Sagility India (Q2): Sagility India reported a 114% YoY profit jump to ₹251 crore with revenue up 25% to ₹1,659 crore, reflecting strong operational efficiency and growth in its healthcare BPO segment.
  • SAIL (Q2): Steel Authority of India’s profit declined 53% YoY to ₹419 crore despite revenue growth of 8% to ₹26,704 crore, as weaker steel prices and higher input costs affected margins.
  • HPCL (Q2):  Hindustan Petroleum’s quarterly profit slipped 6% QoQ to ₹3,859 crore with revenue down 9% to ₹1.01 lakh crore, mainly due to softer refining margins and lower fuel sales.
  • Brigade Enterprises (Q2): Brigade Enterprises posted a 37% rise in profit to ₹163 crore as revenue grew 29% to ₹1,383 crore, driven by strong demand in residential and commercial real estate segments.
  • Fino Payments Bank (Q2): Fino Payments Bank’s profit fell 27% YoY to ₹15 crore, even as net interest income surged 43% to ₹33 crore, showing pressure on margins despite strong deposit growth.
  • Mahanagar Gas (Q2): Mahanagar Gas reported a 33% YoY profit decline to ₹191 crore, though revenue grew 15% to ₹2,256 crore, impacted by higher input costs and lower margins.
  • Satin Creditcare Network (Q2): Satin Creditcare’s profit rose 19% YoY to ₹53 crore as revenue increased 20% to ₹788 crore, supported by higher disbursements and improved collection efficiency.
  • Transport Corporation of India (Q2): TCI posted a 6% rise in profit to ₹114 crore and 7.5% growth in revenue to ₹1,205 crore, reflecting steady performance in logistics and freight services.
  • VST Industries (Q2): VST Industries’ profit increased 25% YoY to ₹59 crore despite a 6.6% drop in revenue to ₹335 crore, as cost efficiencies helped offset lower cigarette sales volumes.
  • Wipro: Wipro signed a multi-year deal with HanesBrands to modernize its IT infrastructure and cybersecurity using its AI platform “Wings,” aiming to drive digital transformation with an AI-first strategy.
  • Zydus Lifesciences: Zydus received a USFDA Establishment Inspection Report classifying its Baddi plant as “Voluntary Action Indicated,” confirming the facility meets required standards and closing the inspection.
  • Dr Reddy’s Laboratories: Dr Reddy’s received a Notice of Non-Compliance from Canada’s regulator for its Semaglutide injection but remains confident in product quality and plans to bring it to market soon.
  • Ola Electric Mobility: Ola Electric received an investigation report from the CCPA and must respond within seven days. A hearing is scheduled for November 10, 2025, regarding product-related consumer complaints.
  • Container Corporation of India: CONCOR signed an MoU with Jawaharlal Nehru Port Authority to jointly develop and manage rail handling operations for upcoming container terminals at Vadhvan Port.
  • Aditya Birla Capital: Aditya Birla Capital invested ₹382.5 crore in its insurance arm, Aditya Birla Sun Life Insurance, via a rights issue, maintaining its shareholding and control over the subsidiary.
  • Samvardhana Motherson International: Motherson appointed Gandharv Tongia as Group CFO, replacing Kunal Malani, who becomes President – Group Strategy. It also invested $0.5 million in Rider Dome, a two-wheeler safety tech startup.
  • Dilip Buildcon: Dilip Buildcon secured a ₹307 crore subcontract from ISC Projects for railway works in South Eastern Railway’s Chakradharpur Division, strengthening its infrastructure order book.

Bulk and Block Deals

  • Dynamatic Technologies: Samena Special Situations Mauritius III, which held a 3.66% stake (2.48 lakh shares) as of September 2025, has sold 53,949 equity shares (equivalent to 0.79% of paid-up equity) in precision engineering company Dynamatic Technologies at Rs 7,712.34 per share, amounting to Rs 41.6 crore.
    With this, in October so far, it has offloaded a 1.85% stake. As a result, Samena’s shareholding in the hydraulic gear pumps and automotive turbochargers manufacturer has reduced to 1.81%.

Brokerage Recommendations

  • Jefferies on Sagility:  Jefferies maintained a Buy rating on Sagility, raising its target price to ₹62 per share. Q2 revenue met expectations, while margins and profits exceeded estimates. Strong deal wins support a healthy growth outlook, with EPS forecast to grow 20% annually through FY26–28.
  • Nomura on Premier Energies: Nomura kept a Neutral call on Premier Energies with a ₹1,190 target. Growth visibility remains solid due to strong order inflows. It raised FY27–28 EBITDA estimates by 9–14% and expects a 35% CAGR in EBITDA during FY25–28.
  • Nomura on CG Power: Nomura maintained a Buy rating on CG Power with an ₹800 target. The quarter was mixed—orders exceeded expectations, but earnings missed. It cut FY26–28 EBITDA by 3–6% yet expects a strong 33% EPS CAGR over FY25–28.
  • Morgan Stanley on HPCL: Morgan Stanley reaffirmed an Overweight call on HPCL with a target price of ₹533. Core PAT beat forecasts after adjusting for forex and inventory losses. Integrated margins stayed strong at $10.1/bbl, marketing volumes rose 3.4% YoY, and net debt remained steady.

Stock in the F&O ban

  • Sammaan Capital

Results Today

ITC, Cipla, NTPC, Hyundai Motor India, Swiggy, Canara Bank, Union Bank of India, Aditya Birla Capital, Adani Power, Bandhan Bank, Birla Cable, Coromandel International, Dabur India, DLF, Dr Agarwals Health Care, Dr Agarwals Eye Hospital, Exide Industries, Indian Energy Exchange, Lodha Developers, Manappuram Finance, Motilal Oswal Financial Services, Mphasis, Nippon Life India Asset Management, Navin Fluorine International, Pidilite Industries, United Spirits, and Welspun Corp will release their quarterly earnings today.

Written by Abhishek Singh

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