KEY HIGHLIGHTS
FOMC Preview: Federal Reserve Seen Cutting Rates, But With No Added Signal
Expectations are set for two things from this week’s Federal Reserve meeting: Officials will lower rates by a quarter percentage point and Chair Jerome Powell will offer little guidance as a growing divide among policymakers blurs the path ahead.
Powell signaled earlier this month the Federal Open Market Committee remained focused on threats to the labor market. Then, a delayed inflation report published last week came in softer than expected, likely keeping the Fed’s inflation hawks at bay for now.
That's all for real-time market coverage on Wednesday. Thank you for joining us today!
Market At Close: Nifty, Sensex End Higher
Benchmark & Broader Market Continue Positive Momentum
Nifty Ends In Green, Above The Crucial 26,000 Mark
Nifty Midcap & Smallcap Ends In Green
Power Grid & NTPC Are Top Nifty Movers
Midcap Gains Led By Sail & Mahindra and Mahindra Financial
Small Cap Gains Led By Bludart,5 Star Finance, Heg & Graphite
Nifty Oil & Gas Is The Biggest Sectoral Gainer, Hains Led By Iocl & Hpcl
All Sectors End In Green Baring Nifty Auto
Tvs Motor & Bosch Fall The Most In Nifty Auto
Nifty Psu Bank Gain For Third Day In A Row
Nifty Pharma Breaks 4 Day Losing Streak
Nifty Metals Gains For 6th Day In A Row
Nifty Bank Gains For 3rd Consecutive Day
Rupee Closes Stronger Against US Dollar
Rupee closed 7 paise stronger at 88.20 against US Dollar
It closed at 88.27 a dollar on Tuesday
Source: Bloomberg
Stock Market LIVE: Happiest Minds Posts 9% YoY Profit Growth In Q2
IT services firm Happiest Minds Technologies Ltd. reported a consolidated net profit of Rs 54 crore for the quarter ended September 2025, marking a 9% increase compared to Rs 49.5 crore in the same period last year. Revenue from operations rose nearly 10% year-on-year to Rs 573.57 crore.
However, on a sequential basis, the company saw a 5.4% dip in profit, while revenue grew 4.3%.
Also Read: Happiest Minds Posts 9% YoY Profit Growth In Q2; CEO Highlights BFSI, EdTech, And Healthcare Outlook
Stock Market News: Voltamp Transformers Get Orders Worth Rs 149 Crore From Gujarat Energy Transmission Corp
Voltamp Transformers received orders worth Rs 149 crore from Gujarat Energy Transmission Corp for supply of power transformers, the company said in the exchange filing.
Coal India Approves Rs 10.25 Interim Dividend Per Share
Coal India's board has approved Rs 10.25 interim dividend per share alongside the release of its second-quarter result.
Q2 Earnings LIVE: Coal India Share Price Falls As Net Profit Declines
Coal India share price dropped 2.45% to Rs 390.50 apiece as the company reported that its net profit slumped over 50% on the quarter to Rs 4,354 crore during July–September.
Varun Beverages Forays Into Alcohol Business, Share Price Jumps
Varun Beverages Ltd. has decided to foray into the fast-growing alcohol segment. The board on Wednesday approved plans to add an alcoholic beverage business to the main objects of the Memorandum of Association of the company.
"In response to the growing popularity of Ready To Drink (RTD) and variety of Alcoholic Beverages, VBL sees an opportunity for expansion into the business of RTD & Alcoholic Beverages of any type or description, including beer, wine, liquor, brandy, whisky, gin, rum, vodka in India & abroad," a statement said.
Stock Market LIVE: Morgan Stanley On Varun Beverages
Maintain Overweight with TP of Rs 600
Q3CY25: Core earnings miss, expanding TAM
Both India business and International top-line was below estimates
Sees an opportunity for expansion into the business of RTD & Alcoholic Beverages in India and abroad
Expanding its product range with VBL’s African subsidiaries test-market Carlsberg beer under an exclusive distribution deal
Also incorporated a wholly-owned subsidiary in Kenya to carry on the business of manufacturing, distribution and selling of beverages
VBL’s Morocco snacks facility is now fully operational, while the Zimbabwe plant nears commissioning
Stock Market LIVE: Yasho Industries Inaugurates R&D Centre At Pakhajan
Yasho Industries inaugurated research and development centre at Pakhajan, Gujarat, the company said in the exchange filing.
Stock Market LIVE: IRCTC Fixes November 21 As Dividend Payout
Indian Railway Catering and Tourism Corp fixed November 21 as the record date for payment of interim dividend, the company said in the exchange filing.
Stock Market LIVE: Solar Energy Gets Order Worth Rs 803 Crore For Ground Mount Solar
Solarworld Energy received Rs 803 crore order from Renewable Energy Co for ground mount solar power project, the company said in the exchange filing.
Stock Market LIVE: Granules India Gets EIR From US FDA For API Facility In Hyderabad
Granules India Ltd. received EIR from the US FDA for APLI facility in Hyderabad. The EIR classified Hyderabad facility as 'Voluntary Action Indicated'. The drug regulating authority issued one observation for Hyderabad Manufacturing Facility.
Stock Market LIVE: HCLTech In Pact With Talents of Endearment To Launch AI-Powered Learning Framework
HCLTech Ltd. is in pact with Talents of Endearment to launch AI-Powered learning framework, the company said in the exchange filing.
Stock Market LIVE: Varun Beverages Share Price Rises As Net Profit Increases
Varun Beverages Q3 Highlights (Consolidated, YoY)
Revenue up 2% to Rs 4,897 crore versus Rs 4,805 crore.
Ebitda down 0.3% to Rs 1,147 crore versus Rs 1,151 crore.
Margin at 23.4% versus 24%.
Net profit up 19.5% to Rs 741 crore versus Rs 620 crore.
Stock Market LIVE: Hero MotoCorp Partners With GD France To Launch Euro 5+ Range
Hero MotoCorp Ltd. partnered with GD France to launch Euro 5+ range, the company said in the exchange filing.
Stock Market LIVE: Gujarat Pipavav Signs Pact With Gujarat Maritime Board
Gujarat Pipavav signed a pact with Gujarat Maritime Board for further investment of rs 17,000 crore at Pipavav Port. The company will increase capacity for handling containers, liquid Ro Ro to Northwest India.
Stock Market LIVE: Aegis Vopak's Board Approves To Buy Stakes In Hindustan Aegis LPG
Aegis Vopak's board approved the proposal to buy 75% stake in Hindustan Aegis LPG for Rs 1,032 crore. The company will acquire 75% stake in Hindustan Aegis LPG from Aegis Gas and Vopak India.
Stock Market LIVE: Enviro Infra Gets Order Worth Rs 248 Crore From Bhopal Municipal Corp
Enviro Infra Engineerins received Letter of Award worth Rs 248 crore from Bhopal Muncipal Corp for construction of Sewerage Network, the company said in the exchange filing.
Stock Market LIVE: Adani Green Energy Jumps 13%
Adani Group Companies Rally In Trade
Adani Green Energy-Strong Q2-Operational Efficiency Seen
Adani Total Gas-Q2 Volumes Jump 16% YoY
Adani Green, Adani Total Gas, Adani Energy Solutions rise 6-10% in Trade
Adani Enterprises, Adani Ports-Top Gainer In Nifty
Adani Group Stocks-Strong Buying And Volumes Seen
Stock Market LIVE: Bajaj Hindustan Sugar, Shree Renuka, EID Parry Shares Rise
The market-cap of surgar producing companies increased Rs 892.14 crore to Rs 55,423 crore as of 11:09 a.m.
Stock Market LIVE: Blue Dart Express Trades Near Three-Month High As Net Profit Rises
Blue Dart Express share price jumped 12.83% to Rs 6,248 apiece, the highest level since July 30. It was trading 12.61% higher at Rs 6,233 apiece as of 10:57 a.m.
Blue Dart Q2FY26 Highlights (YoY, Consolidated)
Revenue up 7% to Rs 1,549 crore versus Rs 1,448 crore.
Ebitda up 15.6% to Rs 252 crore versus Rs 218 crore.
Margin at 16.3% versus 15.1%.
Net Profit up 29.5% to Rs 81.4 crore versus Rs 62.8 crore.
CAMS Share Price Declines After SEBI Proposals On Mutual Fund Fees
Computer Age Management Services Ltd. share price declined during early trade on Wednesday after a regulatory proposal in mutual funds triggered concerns for the sector.
"Nicest Looking Guy, Tough As Hell": Trump Praises PM Modi, Hints At India Trade Deal
President Donald Trump, speaking at the APEC CEOs Luncheon in Gyeongju, South Korea, delivered praise for Prime Minister Narendra Modi, calling him "the nicest looking guy," and adding that he is "tough as hell."
The US President emphasised his “great respect for India’s Modi” while affirming his interest in a stronger economic relationship, stating, "I am going to do a trade deal with India."
Global Cues: Highlights From Trump's Remarks At APEC CEOs Luncheon In South Korea
"I am going to do a trade deal with India & I have great respect for PM Modi."
"PM Modi is the nicest looking guy. He is tough as hell."
"President Xi coming to Korea tomorrow & I hope we are gonna make deal."
"We are not gonna have a Fed that's gonna raise interest rate as they are worried about inflation in 3 years from now."
Stock Market LIVE: DCM Shriram Share Price Jumps Over 8%
DCM Shriram Ltd. share price jumped 8.19% to Rs 1,409.00 apiece, the highest level since Sept 17. The stock was trading 5.32% higher at Rs 1,409 apiece as of 10:29 a.m.
Stock Market LIVE: Cohance Lifesciences Share Price Drops To Over One-Year Low
Cohance Lifesciences share price plunged 10.81% to Rs 766.8 apiece, the lowest level since June 27, 2024
Cohance Lifesciences Ltd. board noted resignation of Managing Director and Director V Prasada Raju. The board appointed Chief Financial Officer Himanshu Agarwal as additional director for five years. He will be designated as whole-time director and CFO
Stock Market LIVE: Suzlon Energy Appoints Rahul Jain As CFO
Suzlon Energy Ltd.'s board approved appointment of Rahul Jain as chief financial officer with effect from Dec 15.
Stock Market LIVE: HDFC AMC, Nuvama And Other AMC Stocks Down In Trade
Capital market and asset management company (AMC) stocks are facing pressure in trade on Wednesday, on the back of Securities & Exchange Board of India's (SEBI) coming out with a consultation paper on mutual funds.
Shares of HDFC AMC and Nippon Life India Asset Management are trading with cuts of more than 4%, while Nuvama Wealth Management and Aditya Birla Sun Life AMC have fallen more than 3%.
Stock Market News Live: L&T Gets Orders In Range Of Rs 2,500–5,000 Crore For Power Transmission & Distribution
Larsen & Toubro Ltd. received orders in the range of Rs 2,500–5,000 crore for power transmission and distribution in Saudi Arabia. The company will construct gas-insulated substation, overhead transmission links in Saudi Arabia, the company said in the exchange filing.
Stock Market News: KP Group To Develop Green-Energised Data Centres With F Plus Healthcare
KPI Green Engery Ltd. said in an exchange filing that KP Group has partnered with F Plus Healthcare to develop green-energised data centres. The company will jointly design and deploy modular infra ecosystems that operate on Renewable Energy.
Stock Market LIVE: M&M Financial Share Price Jumps As Net Profit Increases
M&M Financial Q2FY26 Highlights (YoY, Consolidated)
Total Income up 12.7% to Rs 5,049 crore versus Rs 4,479 crore.
Net Profit up 45% to Rs 564 crore versus Rs 389 crore.
Mahindra & Mahindra Financial Services share price jumped 8.09% to Rs 324.15 apiece, the highest level since Oct 3.
Stock Market LIVE: SAIL Share Price Rises
Steel Authority of India share price advanced for fourth session in a row. The share price was trading 3.81% higher at Rs 137.42 apiece as of 9:30 a.m.
Stock Market LIVE: Nifty Metal Hits New High
The NSE Nifty Metal index rose 1.17% to a new high of 1,0720.30. Steel Authorit of India, Hindustan Copper Ltd., and Vedanta Ltd. shares were top gainers in the Nifty Metal index.
Sectoral Performance At Open: Nifty Metal Leads Gains
The NSE Nifty Metal index was the leading sectoral index among 15 peers on National Stock Exchange. The index has scaled a fresh high for second session.
Nifty Top Gainers & Losers: Grasim Industries And HDFC Life Insurance Lead Gains
Nifty Contributors: RIL, L&T, Kotak Mahindra Shares Support
Opening Bell: Nifty, Sensex Erase Losses At Open As HDFC Bank & RIL Shares Lead
The Nifty 50 and Sensex erased losses at open as HDFC Bank Ltd. and Reliance Industries Ltd. shares supported. Weakness in Asian shares ahead of US Federal Reserve policy meeting may weigh on sentiments.
The Cabinet has approved the terms of reference for the 8th pay commission, which gave boost to bulls.
Pre-Market View: Any Dip In Nifty 50 Good Opportunity for Buying
"The Nifty 50 closed slightly lower at 25,936.20, down 29.85 points or 0.11%, after a period of strong gains. GIFT Nifty futures signal a mildly positive opening, trading around 26,140—roughly 50 points above Tuesday’s close. Despite steady market performance, India VIX continued to edge higher, indicating persistent caution. Foreign investors were net buyers of over Rs 10,000 crore, largely through block deals in the broader Nifty 500 space. We expect Nifty to trade within the 26,500–25,700 range in the medium term, maintaining a positive bias."Abhishek Goenka, Founder, CIO of Billionz.
"Nifty index has entered a short term congestion phase with immediate supports placed around 25,600-25,700 spot zone and resistances around 26,100 spot levels. Overall chart structure is positive, cross and sustenance above 26,100 spot levels will instigate the bullish momentum that might take it up to 26,300-26,500 spot levels in near term. Any dips up to the 25,700 spot levels should be utilized as fresh buying opportunity."Vipin Kumar, Assistant Vice President, Technical and Derivatives Research at Globe Capital Market Ltd
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.53%
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
Rupee opened 6 paise stronger at 88.21 against US Dollar
It closed at 88.27 a dollar on Tuesday
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
Rupee opened 6 paise stronger at 88.21 against US Dollar
It closed at 88.27 a dollar on Tuesday
Source: Bloomberg
Two Coal India Subsidiaries Set For Dalal Street Debut By December | Profit Exclusive
Bharat Coking Coal Ltd. and Central Mine Planning & Design Institute Ltd., two key subsidiaries of Coal India Ltd., are likely to make their market debut by December, sources told NDTV Profit on Wednesday.
Q2 Results Today: Coal India, BHEL, L&T, NMDC, Varun Beverages Among 65+ Companies To Report Earnings
More than 65 companies will announce their Q2FY26 results on Oct. 29. Major companies that are going to announce the results for the second quarter on Oct. 29 include Coal India, Steel Authority of India Ltd.. (SAIL), Hindustan Petroleum Corporation and Varun Beverages. Several of these companies are scheduled to host an earnings call with investors and analysts after declaring their results.
SEBI Releases Consultation Paper For Mutual Funds — What Does This Mean For AMCs?
The Securities & Exchange Board of India (SEBI) has proposed a series of changes to the way mutual funds are managed, introducing measures to significantly cut brokerage costs, enhance transparency on fees and simplify how investors are charged.
In a comprehensive consultation paper reviewing the 1996 Mutual Fund Regulations, SEBI outlined a plan to tighten cost structures for Asset Management Companies (AMCs), with the aim of passing on benefits to investors.
Apple Becomes Third Stock In History To Top $4 Trillion In Value
Apple Inc. shares rose as much 0.4% to hit $4 trillion in market value, making the iPhone maker only the third public company in history to reach the milestone.
Shares of the Cupertino, California-based firm have rallied more than 56% since its April low, adding about $1.4 trillion in market value as optimism surrounding its updated line of iPhones and easing tariff pressures have buoyed the stock price in recent months. The stock closed at its first record of the year earlier this month, topping a level that had stood since December.
Read the Bloomberg article here.
Gold Price Dips Below Rs 1,20,000 Levels
Gold prices have slipped over 8% from its life time high. The gold prices in India today stand at Rs 1,19,930 on Wednesday. This compares to Rs 121,360 on Wednesday.
Gold prices had declined by Rs 700 to Rs 1,25,900 per 10 grams in Delhi on earlier this week, tracking weak global trends as easing US-China trade tensions dented safe-haven demand. On Sunday, top economic officials from Washington and Beijing agreed on the framework of a potential trade deal, which is expected to be discussed when US President Donald Trump meets his Chinese counterpart, Xi Jinping, in South Korea later this week.
M&M Financial Services Q2 Review: Jefferies Hikes Target Price Despite 'Modest' Growth Outlook
Jefferies has hiked the price target for M&M Financial Services Ltd., after the non-banking financial company (NBFC) reported its September quarter earnings for the financial year ending March 2026.
The brokerage firm has maintained its 'hold' rating on the counter, but has increased its 12-month price target for the counter, citing the profit beat and relatively decent asset quality metrics. The target price for M&M from Jefferies has been hiked to Rs 310 from Rs 298 earlier.
Asia Market LIVE: Japan's Nikkei 225 Rises To New High
Japan's benchmark index, Nikkei 225 rose past 51,000 level for the first time. Advantest Corp and Lasertec Corp shares were top gainers in the index. It was trading 1.88% higher at 51,170 as of 7:18 a.m.
On Tuesday, Japan's Prime Minister Sanae Takaichi sealed a rare-earth deal with US President Donald Trump. He also said to Takaichi that US will be there to support Japan.
LIVE: GIFT Nifty Hints At Higher Open; Tata Capital, Ideaforge, RBL Bank Shares In Focus
The GIFT Nifty was trading 0.06% or 15 points higher at 26,140.50 as of 6:49 a.m. This implied the benchmark NSE Nifty 50 index may open higher on Wednesday.
Tata Capital Ltd., Shree Cement Ltd., Mahindra & Mahindra Financial Ltd., Adani Green Energy Ltd., Lupin Ltd., RBL Bank Ltd., Seamec Ltd. shares will be in focus because of the recent news and second-quarter result.
The Nifty 50 and Sensex pared most losses from day's low at the end of the Tuesday's session. At the close, the Sensex fell 492.23 points, or 0.58%, to 84,286.61, while the Nifty slipped 29.85 points, or 0.11%, to 25,936.20.
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