Market Commentary
Global markets – US indices closed lower on Tuesday after 2 big companies posted disappointed earnings. Dow Jones closed red by 0.7 pct. While Nasdaq closed negative by 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,590 | -0.7 | 9.5 |
| Nasdaq | 22,740 | -0.9 | 17.8 |
| Hang Seng | 25,738 | -0.2 | 28.3 |
| Nikkei | 48,664 | -1.3 | 22.0 |
Commodities – Gold prices fell and currently stood at USD 4,083 as optimism over US – China trade deal lowered safe haven demand. On the other hand, oil prices stood at USD 64.30/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,083 | -0.4 |
| Silver ($) | 48.42 | -0.1 |
| Brent Crude ($) | 64.30 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,980 | 55,359 |
| 100 DMA | 25,007 | 55,891 |
| 200 DMA | 24,251 | 53,542 |
Asian markets – Asian markets trading lower in the early morning trade. Largely facing heat from western markets. Hang Seng trading down by 0.2 pct. While Nikkei trading negative by 1.3 pct.
Indian Indices – India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices closed higher on Tuesday in special Diwali Muhurat Trading session.
Results Today – HUL, Colpal
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,426 | 0.1 | 8.0 |
| Nifty | 25,868 | 0.1 | 9.4 |
| Nifty Bank | 58,007 | -0.0 | 14.1 |
| Nifty Midcap 100 | 59,409 | 0.1 | 3.9 |
| Nifty Smallcap 100 | 18,300 | 0.5 | -2.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 96 | -254,534 |
| DII | -607 | 607,837 |
Stocks to watch
Positive Read through
- BEL – Bags order worth Rs. 6.33 bn from Cochin Shipyard.
- LG Electronics – BofA Securities Europe buys 66,700 shares via block deals.
- Biocon – Biologics arm gets Canada regulator’s nod for Yesintek biosimilar.
- TVS Motor – Norton Motorcycles unveils design sketch for new flagship superbike.
- UBL – Heineken gives quarterly update; India organic net sales grew mid-single digits.
- Epack Prefab – Order book stands at Rs. 6.55 bn for H1FY26; Profit grew 2x YoY.
- DRL – Gets US FDA EIR with VAI for Srikakulam unit in Andhra Pradesh.
- JB Chem – CCI approves Torrent Pharma’s bid to acquire the company.
- Ola Electric – To consider fund raising on October 25 via equity issuance or other modes.
- ONGC & Oil – Crude is higher, Brent back above USD 64/bbl.
Negative Read through
- Tata Motors – JLR may incur Rs. 63 bn hit due to cyberattack, as per reports.
- OMCs & Paint companies – Crude price moves higher; Brent back above USD 64/bbl.
- NMDC – Iron ore prices cut by Rs. 500–550/tonne effective October 22, 2025.
- Gold Financiers – Gold declines for third consecutive day, dips below USD 4,100/oz.
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