Click it and Unblock the Notifications
Closing Bell: Sensex Ends Up 862 Points, Nifty Above 25,585; Broadmarket Indices Closes In Green
The Indian stock market opened on a positive start on Thursday, 16th October, tracking upbeat global cues as Nifty managed to open higher below the 25,400 mark, whereas Sensex gained 190 pts during the opening trade. Following a tumultuous session and corresponding advances on Wall Street, most Asian stock markets are mostly up today, Thursday, October 16, 2025.
Strong Wall Street earnings from major financial institutions and chipmakers are boosting investor mood, which further encouraged Asian markets to take note of the bullish closing of US stocks, even as heightened tensions between the US and China continue to create some volatility and caution.
Following the release of their Q2 earnings, Axis Bank and HDFC AMC will be the focus of attention on the domestic market today. While investors now await key U.S. GDP, PPI, and retail sales data scheduled today as well as trade-related events, Infosys, Wipro, LTIM, Nestle, Jio Financial Services, and Eternal have earnings due today.
Stock Market Live Updates: Nifty Bank Inches Closer To Record High
The Nifty Bank index is currently just 169.55 points short of its all-time high of 57,628.40, which was achieved on July 2, 2025.
Stock Market Live Updates: Eternal Shares Fall After Q2 Results
Shares of Eternal Ltd were trading at Rs 340.65, reflecting a decline of Rs 13.70 or 3.87% for the day.
Stock Market Live Updates: IOB Q2 Net Profit Jumps 58% to Rs 1,226 Crore
Indian Overseas Bank (IOB) on Thursday reported a 58% surge in net profit, reaching Rs 1,226 crore for the second quarter ended September 30 of the current fiscal year.
Stock Market Live: HDFC Life Insurance Q2 Update, PL Capital Shares Q2 Review
Stock Market Live: "2QFY26 APE growth was mild at 9% YoY; however, uptick in retail protection post GST rationalization is a key positive. Sustained momentum in ULIP and PAR, pick-up in credit life and recovery in NPAR is likely to result in a better run-rate in H2FY26E at 12% YoY and we build an overall APE growth of 14.5%/ 14.8% for FY26/ FY27E. 2QFY26 VNB margin contracted to 24.1% (H1FY26 VNB Margin at 24.5%) due to the impact of GST exemption. We expect FY26E margin to trend lower at 24%; however strong growth in retail protection volume and improved margin profile in ULIP is likely to offset some of the drag. While we have trimmed our VNB margin estimates for FY26/FY27E, we remain confident of delivery on growth. We value HDFC Life using the Appraisal Value framework and maintain BUY with a TP of Rs 900 (2.6x FY27E P/EV)," noted PL Capital in its report.
Stock Market Live: Nestle Post Strong Q2 Profit, Share Price Up 2.86%
Stock Market Live: Nestle reported a sharp surge in its Q2FY26 profit to Rs 753 crore. Company scrip was trading 2.86% higher at Rs 1,256 per share on BSE at 12 pm. Nedtle India's domestic Sales Grew At A Double-digit Rate, Led By Volume Growth
Stock Market Live Updates: Sensex Up 440 Points, Nifty Above 25,400; Broadmarket Indices In Green
Stock Market Live Updates: Sensex Up 440 Points, Nifty Above 25,400; Broadmarket Indices In Green
Result Update: Tata Communications | Data revenue growth muted; but profitability improved
“Tata Communications’ (TCOM) consolidated revenue was slightly higher at INR 61bn (up 2.3% QoQ and up 6.5% YoY), vs. JMFe/cons of INR 60.3bn/INR 60.8bn due to higher voice revenue and TCTSL revenue. However, the data segment revenue was 0.7% lower than JMFe at INR 51.8bn due to lower digital portfolio revenue, though partly offset by slightly higher core connectivity revenue. Consolidated EBITDA was also slightly higher than JMFe at INR 11.6bn (but lower than cons of INR 12.2bn), led by 144bps QOQ improvement in data EBITDA margin. Net debt was up QoQ at INR 113bn at end 2QFY26 or net debt to EBITDA of 2.4x (vs INR 101bn at end 1QFY26 or net debt to EBITDA of 2.2x), primarily due to dividend payments of INR 7.3bn. We maintain our BUY rating on TCOM (revised TP of INR 2,250/share) based on 11x FY27 EV/EBITDA multiple for the data segment, (in line with 5-year historical average of 10.9x) as we expect data segment EBITDA to grow at a robust CAGR of ~22% over FY25-28E,” said Dayanand Mittal of JM Financial Institutional Securities.
Result Update: Axis Bank | Beat on operational parameters; one-offs continue to nag
“PAT declined by 26% YoY but adjusted for one-off std. assets provisioning and other opex for PSL declassification, PAT was down by 8% YoY (~21% higher than JMFe). Assets quality improves as gross/net slippages declined by ~100bps/130bps QoQ, but credit cost remain elevated due std. assets provisioning of INR 12.3bn for reclassification of crop portfolio from PSL. As a result, bank has incurred INR 9.5bn PSLC cost of which INR 4.7bn is charged in 2QFY26 and balance will be amortised over the next two quarters. Thus, opex has increased by 5%/7% YoY/QoQ (+5% JMFe). Balance sheet performance was better than our expectation with loan/deposit growth 12%/11% YoY. Bank reported beat on operational performance by arresting margin decline at just 7bps QoQ driven by expanding CD ratio and shift in IEA towards loans. Management guided for bottoming out margins in next quarter. We expect loan CAGR of ~15% during FY25-27E with avg. RoE of ~14% during FY26/27E. We increase our FY26/28F EPS estimates by ~2%-4% factoring higher margins; driving ~4% increase in TP of INR 1,385 (vs. earlier TP INR 1,330), valuing core bank at 1.7x FY27E BVPS and maintain BUY,” said Ajit Kumar of JM Financial Institutional Securities.
Result Update: HDB Financial Services Limited | 2QFY26 Result Update – Weak quarter; downgrade to Reduce
“HDB Financial Services reported 11% miss in PAT (-2%/+2% YoY/QoQ) on account of higher than expected credit costs of ~2.7% (vs. 2.3% JMFe) as asset quality trends were negatively impacted by CV/CE. PPoP was in line with our estimates (+24%/+9% YoY/QoQ) led by +21bps expansion in NIMs (calc.) (7.9% in Q2FY26). Disbursements were muted (down 1% YoY) leading to further moderation in AUM YoY growth to 13% in 2QFY26. Management guided NIMs of ~7.9-8.0%, AUM growth of 18-20% CAGR 26 and credit costs of 2.2% over the medium term post-FY. We believe despite a strong franchise, HDB stands inferior among diversified peers in terms of AUM growth (~12% CAGR over FY25-27E) and returns profile (avg RoA/RoE of 2.2%/14% in FY26/27E) vs. CIFC (AUM CAGR/avg RoA/RoE of 19%/2.5%/20%) and BAF (~24% AUM CAGR/ avg RoA/RoE of 24%/4.0%/20%) over FY25-27E. We have cut our FY26-28E EPS by ~3%-7% leading to cut in TP to INR740 (INR780 earlier), valuing it at 2.6xFY27E P/B. We change our rating from HOLD to REDUCE to align with our new rating system,” said Ajit Kumar of JM Financial Institutional Securities.
Nifty Outlook Today By Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking
The Nifty 50 had opened on a positive note and traded higher with a strong upward bias in the previous session, eventually closing in the green and signalling sustained bullish sentiment. From a technical perspective, a sustained move above 25,450 could pave the way for a rally toward 25,500. On the downside, immediate support lies at 25,200 and 25,150, which may serve as potential entry points for long trades.
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited
A close near 25330 region, which has been keeping a lid on upside attempts, not only negates previous day's bearish pattern, but also elevates the possibilities of a strong push higher. This encourages us to aim for 25460, the upside objective we have been eying since last week. Sustainability is still a question though, given the low momentum. Downside marker may be placed near 25260.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments
Latest comments from the US administration indicate reduction in the India-US trade tensions and points to the possibility of a US-India trade deal in the next few weeks. China’s tough actions regarding the rare earth magnets have hit the US hard and, therefore, the US is keen on striking a deal with India with both countries making some concessions. Even though Indian macros are robust and GDP growth projection for FY26 is being revised up, India’s exports and jobs in labour intensive areas like textiles, gems and jewellery and leather products have been hit hard. In this context, a US-India trade deal will be a big boost to the markets. The low CPI inflation of 1.54% in September and the possibility of FY26 annual inflation declining to 2.6% open up the possibility of further rate cuts by the MPC. This, in turn, will boost the prospects of rate sensitives particularly automobiles, which are likely to experience sustained high demand for an extended period of time.
Bank Nifty Prediction Today By Mr. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd
Technically, on the daily scale, Bank Nifty formed a doji candle near trend line resistance. Immediate resistance for Bank Nifty is placed near the high of the doji candle around 55,020 levels. If the index sustains above 55,020, the upmove could extend to 55,500–56,000 levels in the near term; otherwise, short-term profit booking could be possible. Thus, short-term traders are advised to wait for a fresh breakout above 55,020.
Nifty Prediction Today By Mr. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd
Technically, on the daily chart, Nifty found resistance near 25,150 levels and formed a bearish engulfing candle on the daily scale, indicating weakness. As long as the index remains below 25,150, a pullback towards 24,840 could be possible, where the 34-DEMA support is placed. A sustained move above 25,150 could attempt to test 25,500, where the next major resistance is located. Thus, short-term traders are advised to wait for a fresh breakout above 25,150.
Nifty Outlook By Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Technically, the Nifty looks poised to retest the trendline hurdle near 25,450, and a decisive breakout above this level could propel the index toward 25,650 and beyond. We maintain a bullish bias and continue to advocate a “buy on dips” approach as long as the index holds above the 25,000 support zone.
Sign in with Google