Overview of market movements
Indian equities rebounded sharply on 15 Oct 2025, snapping the previous session’s losses. The Sensex and Nifty 50 gained roughly 0.7 % each as broad-based buying returned. Buying was especially strong in consumer‑facing stocks, real estate and financials. All sectoral indices closed in the green; the BSE Realty index rallied about 3 %, while power, consumer‑durables, metal and telecom indices each added ~1 %. Broader markets also participated, with the BSE mid‑cap and small‑cap indices gaining 1 % and 0.7 % respectively. Market breadth was positive with more than 1,700 stocks advancing against ~780 declines in early trade and around 40 stocks hitting 52‑week highs. Volatility remained subdued; India VIX slipped below 11, reflecting a mellow risk environment.
Key indices and statistics
| Index/indicator | Closing level | Change (pts) | Change (%) | Notes |
|---|---|---|---|---|
| Sensex | 82 628.30 | +598.3 | +0.73 % | previous close ≈82 030; broad rally led by financials and FMCG |
| Nifty 50 | 25 331.10 | +183.6 | +0.73 % | regained 25 300 level; almost all constituents in green |
| Bank Nifty | 56 827.05 | +328.1 | +0.58 % | banks and NBFCs strong; PSU banks led gains |
| India VIX | ≈10.72 | – | –3.9 % | volatility gauge eased further |
| USD/INR (₹/US$) | 88.07 | –0.72 | –0.81 % | rupee strengthened as dollar softened |
| Brent crude | $62.11/bbl | –0.28 | –0.45 % | oil steady near 5‑month low |
| Gold | ₹126 324/10 g | n/a | +1.36 % | safe‑haven demand amid global tensions |
| Silver | ₹159 718/kg | n/a | +3.28 % | supported by industrial demand |
| FIIs (14 Oct) | –₹246 cr | – | – | net selling by foreign investors |
| DIIs (14 Oct) | +₹2 333 cr | – | – | domestic institutions continued to buy |
Note: Mid‑cap and small‑cap figures represent percentage changes rather than levels because closing levels vary widely across sources.
Top gainers and losers (Nifty 50 constituents)
| Category | Stocks (top performers/decliners) | Brief note |
|---|---|---|
| Top gainers | Bajaj Finserv, Bajaj Finance, Larsen & Toubro, Nestle India, Asian Paints | rallied between ~2–3 % on positive sentiment; consumer and capital‑goods names led the gains |
| Top losers | Infosys, Tata Motors, Axis Bank, Tech Mahindra, Kotak Mahindra Bank | slipped up to ~1 %; profit‑taking after results and cautious guidance |
| Strong sectors | Real estate, power, consumer durables, metal, telecom | sectoral indices all ended positive; realty index jumped 3 % |
| Weak sectors | None | all sectors closed in the green |
Global cues
- Asian markets: Regional indices rebounded after three straight days of weakness as investors anticipated a potential U.S. Federal Reserve rate cut. The GIFT Nifty traded ≈78 points higher near 25,284, signalling a positive start. Japan’s Nikkei 225 rose about 1.3 %, Hang Seng added ~1.2 %, Straits Times gained 0.4 % and Shanghai was flat. Optimism was partly supported by the IMF raising India’s FY26 growth forecast from 6.4 % to 6.6 %.
- U.S. & Europe: U.S. indices traded mixed; Dow futures were up ~0.37 %, but investors remained cautious amid continued U.S.–China trade tensions. In Europe, stocks rallied after French President Emmanuel Macron suspended pension reforms; the CAC 40 surged 2.5 %, while DAX and FTSE saw modest moves. Investors monitored IMF and World Bank meetings and awaited U.S. inflation and retail‑sales data. Gold hovered near record highs and oil prices stayed soft around $62/bbl as supply concerns were balanced by geopolitical risks.
- Macroeconomic factors: The IMF’s latest World Economic Outlook signalled fragile global growth and warned of downside risks. U.S. Federal Reserve Chair Jerome Powell emphasised a data‑dependent approach to rate decisions. Safe‑haven demand for gold and expectations of rate cuts continued to underpin sentiment. Currency markets were calm; the rupee strengthened against the dollar, while the dollar index eased.
Key stocks to watch and corporate updates
- Tech Mahindra (TechM) – Q2 FY26 results showed a 4.7 % sequential rise in net profit to ₹1,195 crore and 4.8 % revenue growth to ₹13,995 crore. EBITDA rose 12 % QoQ. Investors will watch how margin recovery sustains.
- Tata Consultancy Services (TCS) – plans to retrain ~100,000 employees each year to build expertise in artificial intelligence. The initiative underscores the growing importance of AI skills in the IT sector.
- Infosys – secured a 15‑year, £1.2 billion (≈₹14,000 cr) contract from the U.K.’s National Health Service Business Services Authority (NHSBSA) to develop and manage a workforce‑management platform.
- Vedanta – received Competition Commission of India approval for its ₹17,000 cr acquisition of Jaiprakash Associates’ cement and power assets. The deal strengthens Vedanta’s diversification and will be closely monitored.
- Hero MotoCorp – its electric brand Vida sold 7,258 scooters as of mid‑October, surpassing Ola Electric’s 6,335 units, highlighting the growth of legacy manufacturers in the EV space.
- Bank of Maharashtra – Q2 FY26 net profit climbed 23 % YoY to ₹1,633 cr and net interest income rose 16 % to ₹3,248 cr, signalling healthy credit growth.
- Persistent Systems – reported 45 % YoY increase in net profit to ₹471.47 cr; revenue grew 23.6 % YoY to ₹3,580.72 cr, underlining robust demand for digital‑transformation services.
- Cyient DLM – net profit jumped 113 % YoY to ₹32 cr even as revenue declined 20 %; the drop reflected completion of a large defence order last year.
- Midhani (Mishra Dhatu Nigam) – secured an order worth ₹306 cr, taking its open order book to around ₹2,212 cr.
- OLA Electric – to launch its first non‑vehicle energy product on 17 Oct, expanding into the energy‑storage segment.
- Hyundai Motor India – board approved a succession plan; MD Unsoo Kim will return to South Korea on 31 Dec 2025, prompting leadership transition.
- Lemon Tree Hotels – signed a licence agreement for a new property in Gandhidham, to be managed by its subsidiary Carnation Hotels.
- Power Mech Projects – won a ₹2,500 cr EPC order from BHEL for the Singareni 1×800 MW Stage‑II power project in Telangana; shares rallied on the announcement.
- Jindal Stainless – plans to double slag‑processing capacity at its Jajpur plant with a $150 million investment to support circular‑economy initiatives.
- Paytm – received a double upgrade to “buy” from Axis Capital with a target of ₹1,500 as analysts cited improving margins, growing credit business and strong merchant relationships.
These updates reflect a mix of earnings reports, strategic investments and regulatory approvals that could influence stock‑specific moves in the coming sessions.
Outlook for 16 Oct 2025
- Early indicators: The GIFT Nifty points to a mildly positive start. However, traders should be prepared for volatility ahead of key U.S. economic releases—core retail sales and inflation data—which could sway global markets.
- Earnings watch: Several companies are scheduled to report Q2 results, including Axis Bank, HDB Financial Services, HDFC Asset Management, HDFC Life Insurance, Tata Communications, Oberoi Realty and L&T Finance. Stock‑specific movement is likely around these earnings.
- Sector outlook: Real estate, banking and consumer sectors may continue to attract interest given Wednesday’s strength, but some profit‑booking cannot be ruled out. Oil prices near multi‑month lows could support downstream companies, while IT stocks may stay in focus after results from Tech Mahindra and ahead of HCL Tech’s numbers.
- Macro drivers: Investors will monitor developments in the U.S.–China trade dispute, updates from the IMF/World Bank meetings, and global central‑bank commentary. Domestic cues such as import/export data and FII/DII flows will also influence sentiment.
Overall, the positive close on 15 October, improving macro signals and a strong pipeline of corporate earnings suggest a cautiously optimistic outlook for the next trading session. Traders should stay nimble, watch global cues, and follow stock‑specific developments.
