Nifty 50 opened at 25,935.10, down by 5.70 points ( 0.022%). Bank Nifty opened at 58,172.75 increased by 26.40 points (0.045%). Sensex opened at 84,667.23, down by 49.97 points (0.059%). GIFT Nifty is currently trading at 26,946.50.
Global index as of October 24, 2025
- DOW 30 closed at 46,734.61, up by 144.20 points (0.31%).
- S&P 500 closed at 6,738.44, up by 39.04 points (0.58%).
- NASDAQ increased by 201.40 points (0.89%), closing at 22,941.80.
- FTSE 100 increased by 63.57 points (0.67%) to settle at 9,578.57.
- DAX increased by 56.66 points (0.23%), ending at 24,207.79.
- NIKKEI 225 increased 657.51 points (1.35%) to trade at 49,299.12.
Commodities Update
- Gold: Currently trading at Rs. 123,488 per 10 grams.
- Silver: down by 0.99%, now at Rs 147,018 per kilo.
- Crude Oil: Prices down by 0.43%, reaching USD 64.865, compared to the previous close.
Global events/updates
China concluded a key four-day meeting outlining its five-year development goals, focusing on boosting domestic consumption and achieving greater tech self-reliance. The shift highlights Beijing’s intent to strengthen its economy from within while continuing to develop advanced manufacturing. This comes amid rising tensions with the U.S., prompting China to prioritize resilience and innovation-led growth.
The U.S. is considering new export restrictions on products using American software, including laptops and jet engines, to curb technology access to China. Treasury Secretary Scott Bessent confirmed that all options are being reviewed. He is expected to meet Chinese Vice Premier He Lifeng in Malaysia this week to discuss trade and ease growing tensions.
Japan’s inflation rose for the first time since May, with both headline and core rates reaching 2.9%, staying above the Bank of Japan’s 2% target. While this shows steady price growth, it poses an early challenge for new Prime Minister Sanae Takaichi, who must balance controlling inflation without slowing Japan’s fragile economic recovery.
Apple has begun shipping U.S.-made AI servers from its Houston, Texas factory, marking a step in its $600 billion investment in American manufacturing and suppliers. The move strengthens Apple’s domestic production capabilities and could win approval from President Donald Trump, who has long urged the company to expand its manufacturing presence in the U.S.
The Defence Acquisition Council approved ₹79,000 crore in procurement for the Indian Army, Navy, and Air Force, benefiting several defence stocks. Bharat Dynamics, BEL, Astra Micro, BEML, BHEL, Mazagon Dock, Garden Reach, Cochin Shipyard, L&T, and Data Patterns could see significant orders. The Nifty India Defence Index has gained 2.5% over six days, though it remains flat over the past month.
Stocks to watch
Cipla: Cipla has partnered with Eli Lilly to distribute Tirzepatide in India under the brand name Yurpeak. The drug, used to treat Type-2 diabetes and obesity, will be priced at the same level as Eli Lilly’s Mounjaro, making treatment more accessible.
Hero MotoCorp: Hero MotoCorp expands into the UK market through a partnership with MotoGB. It has also launched the Euro 5+ range, led by the Hunk 440, taking the company’s global presence to 51 countries and strengthening its international product portfolio.
UGRO Capital: UGRO Capital approved issuing 5,000 NCDs worth Rs 50 crore, with an option to increase subscriptions up to Rs 150 crore. This fundraising move is aimed at strengthening the company’s financial base and supporting growth initiatives across its lending portfolio.
Vodafone Idea: Vodafone Idea has made its first tranche investment of Rs 26,000 in ABRen SPV 3, part of a planned total investment of Rs 1.56 crore, strengthening its strategic investments and positioning the company for future expansion and operational initiatives.
Kaynes Technology: Kaynes Technology’s subsidiary has agreed to acquire a 7% stake in Sensonic GmbH from Frauscher Sensor Technology Group GmbH for 1 Euro. This strategic move enhances its global collaboration and strengthens its presence in advanced sensor technology.
Insolation Energy: Insolation Energy plans to migrate from BSE SME to the main boards of BSE and NSE. The board has approved a borrowing limit of up to Rs 5,000 crore, supporting its growth and expansion into larger capital markets.
Shipping Corporation of India: The Shipping Corporation of India’s board has approved a long-term business plan, outlining strategic priorities for growth, fleet expansion, and operational efficiency, aiming to strengthen its market position and enhance shareholder value over the coming years.
NTPC Green Energy: NTPC Green Energy’s subsidiary has begun commercial operations of 9.9 MW from its 92.4 MW wind project in Bhuj. This raises the group’s total installed capacity to 7,563.57 MW, further expanding its renewable energy portfolio and sustainability footprint.Colgate Palmolive (India) Q2: Colgate Palmolive’s Q2 profit fell 17.1% to Rs 327.5 crore on a 6.2% revenue decline to Rs 1,519.5 crore. EBITDA decreased 6.4% to Rs 465.4 crore, with a margin of 30.6%. The company declared a first interim dividend of Rs 24 per share.
Sagar Cements Q2: Sagar Cements narrowed its Q2 loss to Rs 44.17 crore versus Rs 56.98 crore. Revenue jumped 26.7% to Rs 601.9 crore, while EBITDA surged 157.6% to Rs 51.3 crore, improving margins to 8.52% from 4.19%, reflecting strong operational recovery.
PTC India Financial Services Q2: PTC India Financial Services posted Q2 profit of Rs 88.14 crore, up 86.2% YoY, despite a 19.3% decline in revenue to Rs 131.8 crore. The growth reflects improved operational efficiency and better asset management during the quarter.
South India Paper Mills Q2: South India Paper Mills reported a profit of Rs 2.8 crore in Q2, recovering from a previous loss of Rs 1.21 crore. Revenue increased 9.6% to Rs 111.6 crore, showing steady growth in its paper manufacturing operations.
Arihant Foundations & Housing Q2: Arihant Foundations & Housing’s Q2 total area sold rose 44% to 1,17,793 sq ft, while total sales value grew 13% to Rs 112.9 crore. This reflects strong demand and an expanding footprint in its real estate development projects.
Premier Energies & Syrma SGS Technology: Premier Energies and Syrma SGS Technology have agreed to acquire 100% of KSolare Energy, a solar inverter manufacturer, in a 51:49 ratio for Rs 170 crore. The deal strengthens their renewable energy capabilities and market presence.
AGI Infra: AGI Infra’s board approved raising up to Rs 500 crore through equity share issuance. The fundraise will support expansion plans, capital expenditure, and strengthen the company’s financial position for upcoming infrastructure projects.
Kotak Mahindra Bank: Kotak Mahindra Bank signed an MoU with DPIIT to support Indian startups with financial and non-financial solutions. The partnership will provide customized banking, credit, digital infrastructure, and capacity-building programs, enhancing the startup ecosystem across India.
Indian Hotels Company: Indian Hotels infused $25 million into its Netherlands subsidiary, IHOCO BV. The funds will support IHOCO BV’s investments in its subsidiaries, debt repayment, and operational needs, strengthening its international expansion and business operations.
ARSS Infrastructure Projects: ARSS Infrastructure Projects, under a resolution plan, received a subcontract order worth Rs 164.5 crore from Shivam Condev. This contract supports the company’s operational continuity and contributes to its revenue during the ongoing resolution process.
Hexaware Technologies: Hexaware Technologies appointed Eravi Gopan as President and Global Head – High Tech, Products, and Platforms. He will lead global strategy, growth, and client initiatives, driving Hexaware’s expansion and strengthening its presence in the high-tech solutions segment.
Highway Infrastructure: Highway Infrastructure received an Rs 11.76 crore LOA from NHAI for operating user fee collection and maintaining facilities on the 4-lane Ujjain–Garoth section of NH-752D in Madhya Pradesh, supporting its infrastructure management and revenue generation initiatives.
Bulk and Block Deals
Shilchar Technologies: Promoter Alay Jitendra Shah sold 1 lakh Shilchar Technologies shares, representing a 0.87% stake, at Rs 4,373.09 per share, totaling Rs 43.73 crore. He had earlier sold a 1.02% stake for Rs 50.89 crore in the previous session.
EPack Prefab Technologies: BofA Securities Europe SA purchased 5,62,723 shares (0.56% stake) in EPack Prefab Technologies at Rs 233.82 per share, totaling Rs 13.15 crore. The company is a key player in India’s pre-engineered building and prefabricated construction sector.
Cohance Lifesciences: BNP Paribas Financial Markets acquired 1,12,492 shares (0.03% stake) in Hyderabad-based CDMO company Cohance Lifesciences at Rs 890.75 per share, totaling Rs 10.02 crore. The shares were purchased from Morgan Stanley Asia (Singapore) Pte.
Also read: 2 Stocks to buy now for an upside of up to 27%; Recommended by Trade Brains Portal
Brokerage Recommendations
Cipla – Nuvama: Nuvama maintains a Hold on Cipla, raising the target to Rs 1,725 from Rs 1,651. The Eli Lilly deal boosts FY26 revenue potential and positions Cipla strongly in the semaglutide market, leveraging growth in India’s rapidly evolving healthcare sector.
HUL – Citi: Citi maintains Buy on HUL, hiking the target to Rs 3,000. Quarterly growth was impacted by temporary trade destocking ahead of GST rate cuts, but focused execution of new initiatives supports 8% revenue and 9% EPS CAGR over FY25-28.
Colgate – Citi: Citi maintains Sell on Colgate, lowering the target to Rs 2,100. Weak Q2 performance stemmed from challenging operating conditions and GST disruption. Low Unit Price may boost volumes, but sustained HPC impact and consumer behavior pose medium-term risks.
Laurus Labs – Kotak Securities: Kotak Securities maintains Sell on Laurus Labs with a Rs 625 target. Strong ARV and higher commercial CDMO mix drove a 19% operating beat, but valuations remain high. Investments in differentiated CDMO platforms support future growth potential.
Stock Trades Ex-Dividend
- LTIMindtree
- Cyient
- Dalmia Bharat
- HDB Financial Services
- Indian Railway Finance Corporation
- Kajaria Ceramics
- Thyrocare Technologies
- Waaree Energies
- Accelya Solutions India
Stock in the F&O ban
Results Today
Dr Reddy’s Laboratories, SBI Life Insurance Company, ITC Hotels, Coforge, Aditya Birla Sun Life AMC, Brigade Hotel Ventures, eClerx Services, Jinkushal Industries, Latent View Analytics, NACL Industries, SBI Cards and Payment Services, Shanthi Gears, Sigachi Industries, Supreme Petrochem, and Vakrangee will announce their quarterly earnings today.
Written by Abhishek Singh
Disclaimer
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