KEY HIGHLIGHTS
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Markets At Close: Nifty, Sensex End Higher
Benchmark under performs broader market
Nifty 50 ends in green, above 25,900 mark
Reliance Industries Ltd. and Bharti Airtel Ltd. lead gains in Niftyby nearly 80 points
Nifty Midcap & Smallcap gains in trade
Grasim Industries and SBI Life Insurance Co are top Nifty gainers
Midcap gains led by Bank of India & Bharti Hexacom
Small cap gains led by Firstsource solution & Eclerx Services Ltd.
Nifty PSU bank emerges as top sectoral gainers, Gains led by Bank of India & Canara Bank
Nifty Media emerges as top sectoral losers, Nazara Technologies & Zee Entertainment fall the most
Nifty Realty gains for third day in a row
Nifty Auto snaps two day losing streak
Nifty Pharma falls for third day in a row
Nifty Metal gains for fourth day in a row
Rupee Closes Weaker Against US Dollar
Rupee weakened 39 paise to end at 88.24 against US Dollar
It closed at 87.85 a dollar on Friday
Source: Bloomberg
Lenskart IPO: Peyush Bansal's Secret Sauce — 'Opening A Store Near DMart'
With the Radhakishan Damani-backed Lenskart IPO just around the corner, CEO and co-founder, Peyush Bansal, has revealed a key secret — 'always open a store near a D-mart'.
Bansal, a household name now courtesy popular TV show Shark Tank India, expressed his delight in having Radhakishan Damani as an investor. In an exclusive interaction with NDTV Profit, the Lenskart CEO revealed that Damani has invested Rs 90 crore in Lenskart ahead of the IPO, which is set to open Oct 31.
Growth Momentum To Continue As Lower GST Rates Support: Sept Economic Review
India's growth momentum will continue because of improving domestic demand, lower inflation, monetary easing, the Ministry of Finance said in its monthly economic review for September.
Recent policy measures, including GST rate rationalisation, will likely keep inflation under control while it boosts demand in the economy. The Finance Ministry expects that the overall prices will remain soft in the remaining part of the ongoing financial year.
Investing In US Stocks: Zerodha To Allow Trading From 2026
Zerodha is planning to offer its customers the ability to invest in US stocks by next quarter, according to the company's CEO, Nithin Kamath.
Speaking at an Ask Me Anything session on Zerodha's official platform, Kamath explained that India's largest stockbroker by revenue has plans to allow investments in US stocks in the near future.
Q2 Earnings LIVE: Supreme Industries Share Price Falls As Net Profit Falls
Supreme Industries Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 5.3% to Rs 2,394 crore versus Rs 2,273 crore
Ebitda fell 6.8% to Rs 297 crore versus R 319 crore
Margin at 12.4% versus 14%
Net Profit fell 20.3% at Rs 165 crore versus Rs 207 crore
To Pay Interim Dividend of Rs 11 per share
Stock Market LIVE: Cattle Feed Maker KSE Goes For Stock Split
KSE Ltd. is also set to split from Rs 10 to Re 1 per share in the ratio 1:10. And the record date will also be Oct. 28.
Read more below:
Rupee Extends Losses Against US Dollar
Rupee weakened 39 paise to 88.24 against US Dollar
It's the lowest level since Oct 15
It closed at 87.85 a dollar on Friday
Source: Bloomberg
Stock Market LIVE: Vodafone Idea AGR Case: Supreme Court Allows Centre To Reconsider Issue
In a major relief to Vodafone Idea Ltd., the Supreme Court on Monday allowed the central government to reconsider AGR dues issue. Solicitor General Tushar Mehta highlighted that the government owns 49% stake in the carrier that serves 20 crore customers in India.
Chief Justice BR Gavai said any decision will have a direct bearing on these 20 crores customers. "We see no issue in the Union reconsidering the issue and taking appropriate steps," he said.
Stock Market Today: SpiceJet Doubles Both Domestic And Global Flight Services For Winter 2025
SpiceJet Ltd. doubled its flight services on both domestic and international routes for the winter season of 2025. The airline will operate 250 daily flights during the upcoming winter compared to 125 daily flights in summer season.
Stock Market News: HUDCO Signs MoU Worth Rs 5,000 Crore Jawaharlal Nehru Port
Housing and Urban Development Corp signed a memorandum of understanding worth Rs 5,000 crore with Jawaharlal Port Authority for financing infra projects at Jawaharlal Nehru Port.
Q2 Earnings LIVE: Hatsun Agro Share Price Spikes As Net Profit Surges
Hatsun Agro Q2FY26 Results (Comsolidated, YoY)
Revenue up 17.2% at Rs 2,428 crore versus Rs 2,072 crore
EBITDA up 34.8% at Rs 325 crore versus Rs 241 crore
Margin at 13.4% versus 11.6%
Net Profit up 70.3% at Rs 110 crore versus Rs 64.3 crore
For faster updates on second-quarter results click here.
Stock Market LIVE: Firstsource Solution Share Price Jumps To Near One-Month High
Firstsource Solutions Ltd. share price rose 8.44% to Rs 353.90 apiece, the highest level since Sept 29. It was trading 7.69% higher at Rs 351.30 apiece as of 12:19 p.m.
Stock Market LIVE: Knowledge Marine Gets Order Worth Rs 386 Crore
Knowledge Marine received letter of intent worth Rs 386 crore for hiring battery operated electric green tug for 15 years. The company got the LoA from VO Chidambaranar Port Authority, according to an exchange filing.
Stock Market LIVE: IRB Infrastructure Share Price Rises To Over Two-Month High
IRB Infrastructure Developers Ltd. share price rose 4.55% to Rs 45.50 apiece, the highest level since Aug 18.
Stock Market LIVE: IndiGo Share Price Snaps Three-Day Losing Streak As It Announces Kolkata-Guangzhou Service
InterGlobe Aviation Ltd. share price 0.82% to Rs 5,913 apiece. The stock declined for last three sessions and recorded 2.61% reduction.
Direct flights between India and China resumed after five years as IndiGo commenced daily, non-stop flights between Kolkata and Guangzhou, reinstating direct connectivity between India and Mainland China.
Moreover, InterGlobe Aviation Ltd. has operated inaugural non-stop flight service between Mumbai and London, the company said in the exchange filing.
Block Deals: Bajaj Finance's 11.47 Lakh Shares Traded On NSE
Bajaj Finance Ltd.'s 11.47 lakh shares changed hands in two large deals on National Stock Exchange Ltd. The deals happened at the price band of Rs 1,083–1,082.45 apiece, according to information on Cogencis.
Stock Market LIVE: Kotak Mahindra Bank Shares Drop Nearly 3% After Q2 Profit Decline
Kotak Mahindra Bank Ltd. share price fell nearly 3% during early trade on Monday after higher provisions dragged profit in the second quarter. The earnings report came on Saturday.
The private sector bank’s provisions saw a sharp increase, jumping by 43.5% year-on-year to Rs 947 crore from Rs 660 crore. Consequently, net profit fell 2.7% to Rs 3,253 crore, compared to Rs 3,344 crore in the year-ago quarter.
Stock Market LIVE: Coforge Share Price Rises To Three-Month High On Upbeat Q2 Performance
Coforge Ltd. share price rose 6.60% to Rs 1,866.60 apiece, the highest level since July 23. Post robust performance in the second quarter, Jefferies, JPMorgan and Morgan Stanley brokeraghes hiked the target price for the stock.
Stock Market LIVE: Eclerx Services Rises To New High As Q2 Net Profit Rises
Eclerx Services share price rose 6.26% to a record high of Rs 4,725.00 apiece.
Eclerx Services Q2FY26 Highlights (Consolidated, QoQ)
Net Profit up 29.3% at Rs 183 crore versus Rs 142 crore.
Revenue up 7.5% at Rs 1,005 crore versus Rs 935 crore.
EBIT up 24.5% at Rs 229 crore versus Rs 184 crore.
Margin at 22.7% Vs 19.6%.
To buyback shares worth up to Rs 300 crore at Rs 4,500 per share.
Sectoral Performance At Open: Nifty Realty Outperforms
On National Stock Exchange, 14 sectoral indices advanced, one declined out of 15. The NSE Nifty Realty rose the most, while the Nifty Defence emerged as the worst performing sectoral index.
Nifty Contribution: RIL, HDFC Bank, Airtel Shares Support Gains
Markets At Open: Nifty, Sensex Open Higher
The NSE Nifty 50 and BSE Sensex opened higher as Reliance Industries Ltd. and ICICI Bank Ltd. shares led. The indices are expected to continue its bullish momentum.
The Nifty 50 and Sensex were trading 0.29% and 0.27% higher, respectively as of 9:20 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.53%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 2 paise lower at 87.87 against US Dollar
It closed at 87.85 a dollar on Friday
Source: Bloomberg
Coforge Q2 Review: Target Price Hiked By Three Top Brokerages
Coforge Ltd. shares will be in focus on Monday as Jefferies, JPMorgan and Morgan Stanley have all hiked target price after the company reported its September quarter earnings for the financial year ending March 2026.
All three brokerages have cited strong performance for the company in the September quarter, including robust deal wins and improved margin execution.
Pre-Market View: Bullish Momentum To Prevail
"A sustained move above 25,700 may trigger further upside toward 26,000–26,200, whereas resistance is placed at 26,500, and only a breakout above this could continue bias to bullish. f Highest call OI is concentrated at 26,100 strikes while the downside the highest put is at 25,700 for the weekly expiry."Jigar Trivedi, Senior Research Analyst, Reliance Securities
"Tracking positive cues from the global peers, Gift Nifty is indicating a positive open for the domestic markets. Technically, Nifty index has witnessed some sort of profit taking from its 52 weeks highs in a holiday shortened week. Going ahead, we reiterate our bullish view with a buy on dip trading approach on Nifty index till it is holding above 25,600 spot levels on closing basis and expect it to test 26,300 spot levels in near term."Vipin Kumar, Assistant Vice President Technical and Derivatives, Research, Globe Capital Market Ltd
IPO News: Studds Accessories Sets Price Band Rs 557–585 Per Share For IPO
Studds Accessories Ltd. set the price band for its upcoming initial public offer at Rs 557–585 per share. The company is offering 77.9 lakh equity shares in the primary market for its market debut.
Studds Accessories' IPO is an offer for sale with no fresh issuance. The IPO will open for subscription on Oct 30 and conclude on Nov 3.
Stock Market Today: Brokerages Signals Mixed Performance; Strong Loan Growth, NIM Pressure For Kotak Bank
Brokerages remain cautiously optimistic about Kotak Mahindra Bank Ltd. following its Q2 earnings, highlighting improving core trends and healthy loan growth, but flagging concerns over net interest margin (NIM) compression and elevated valuations. Jefferies and Morgan Stanley maintained their bullish stance, citing better-than-expected net interest income (NII), lower operating expenses, and improving credit quality. Investec, however, retained a ‘Hold’ rating, pointing to sharper NIM declines and limited upside due to high valuations.
Stock Market News: MCX Introduces Monthly Option Contracts
Multi Commodity Exchange of India introduces monthly options contracts on MCX iCOMDEX Bullion index, starting from Oct 27.
Asia Markets LIVE: Nikkei 225 Crosses 50,000 Mark For First Time
Japan's benchmark index Nikkei 225 crossed the 50,000 level for first time in Monday's session. Japan Prime Minister Sanae Takaichi will soon meet US President Donald trump at ASEAN summit 2025, taking place at Malaysia.
The Nikkei 225 was trading 2.26% higher at 50,412 as of 8:15 a.m.
Stock Market LIVE: GIFT Nifty Hints At Positive Open; Coforge, Dr. Reddy's Labs, Kotak Bank Shares In Focus
The GIFT Nifty was trading 55.50 points or 0.21% higher at 25,900 as of 6:30 a.m., which hinted at a probable positive open for the NSE Nifty 50 index.
Kotak Mahindra Bank Ltd., Dr. Reddy's Laboratories Ltd., Coforge Ltd., and Eclerx Services Ltd. shares will be in focus because of the second-quarter results.
The benchmark indices ended in the red with Nifty ending below the 25,800 mark. Nifty 50 ended 0.37% lower at 25,795.15 and Sensex closed 0.41% lower at 84,211.88 on Friday.
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