India Market Recap
Indian equity benchmarks recovered from their opening losses to trade higher on Monday, supported by buying interest at lower levels. The Nifty 50 advanced 0.14% to close at 22,632.45, while the BSE Sensex gained 148.65 points, or 0.20%, to settle at 73,272.48. The recovery indicated some improvement in investor sentiment, although elevated crude oil prices and geopolitical uncertainty remain key concerns for the domestic market. Investors are also likely to track global market trends, corporate earnings and developments in the technology sector for further direction. On the technical front, Nifty support is placed around 22,500–22,400, while resistance is seen in the 22,700–22,800 range.
US Market Recap
US equities advanced on Monday as investors assessed Anthropic PBC's filing for an initial public offering (IPO) and positioned themselves ahead of major technology-company earnings and the Federal Reserve's policy decision scheduled for Wednesday. The S&P 500 gained 0.7%, while the Nasdaq 100 advanced 1.1%. The Philadelphia Semiconductor Index (SOX) surged 2.8%, marking its strongest gain since September 21, as semiconductor stocks recovered. Meanwhile, Brent crude prices declined around 1% to approximately $115 per barrel. Investor attention remains focused on upcoming earnings, AI-related investment spending and the Fed's policy outlook. Anthropic's proposed offering could also provide an indication of investor appetite for AI companies amid recent concerns over elevated valuations and substantial spending.
Asian Market Update
Asian equities advanced on Tuesday, supported by gains in Japan and South Korea. The broader MSCI Asia Pacific equity gauge rose 0.6%, while US equity-index futures also moved higher in early trading. Market sentiment was supported by the recovery in technology and semiconductor stocks, following recent concerns over stretched valuations and heavy investment in artificial intelligence. Anthropic's proposed IPO is emerging as an important test of investor demand for AI-focused businesses. Investors are likely to monitor major technology-company earnings and global monetary policy developments for further direction.
Commodity Check
Crude oil prices edged lower on Monday as investors assessed diplomatic efforts to ease tensions between Saudi Arabia and Iran. Brent crude futures declined 91 cents to settle at $115.81 per barrel after briefly rising above $117 during the session. US West Texas Intermediate (WTI) crude fell $1.51 to close at $101.76 per barrel. Despite the daily decline, oil prices have gained approximately 12% this month, reflecting continued supply concerns and geopolitical risks.
Saudi Arabia's Defence Minister, Prince Khalid bin Salman, met Iranian President Masoud Pezeshkian and Supreme National Security Council Secretary Mohsen Rezaei in Tehran on Monday. The discussions were seen as part of efforts to ease regional tensions. Any progress towards de-escalation could help reduce the geopolitical risk premium in crude prices; however, the outlook remains uncertain as energy markets continue to assess the potential for supply disruptions. For India, elevated crude prices remain a concern due to their implications for import costs, inflation and corporate profitability.
Stocks In News
- Blue Dart: Launches International Parcel Connect.
- HEG Advanced: Riju Jhunjhunwala Appointed Chair Of Malana Power And AD Hydropower.
- Raymond Realty: Arm To Raise Rs 210 Crore From ICICI Prudential Real Estate Development Fund.
- Thomas Cook: Arm Opens Resort In Bandhavgarh, Madhya Pradesh.
- Central Bank Of India: Outward RTGS System Restored Across All Channels; Technical Issue Identified In RTGS Server; No Customer Financial Loss Reported.
- Genus Power Infrastructures: Board Approves Share Buyback Worth Rs 148 Crore At Rs 312/Share.
- Indegene: Incorporates Portugal Step-Down Subsidiary.
- TSF Investments: To Sell Entire 3.74% Stake In TVS Holdings To Promoter Group Members.
- Euro Pratik: Proposed Acquisition Of 56% Stake In Fabwood Solutions LLP Put On Hold.
- E2E Networks: Plans 5.4 MW NVIDIA Blackwell Expansion; AI Factory Capacity To Rise To 14.6 MW.
- Varroc Engineering: To Invest Up To €4.5 Million For 45% Stake In Forsee Power India.
- IDBI Bank: ICRA Places Long-Term Ratings On Watch; CD Rating Retained At (ICRA)A1+.
- Shoppers Stop: Invests Rs 10 Crore In GSSBBL Preference Shares; Total Investment Rises To Rs 135 Crore.
- Aavas Financiers: Announces Board Changes Effective October 27.
- GSPL Transmission: CARE Assigns AA+ Stable Rating To Rs 300 Crore Bank Facilities.
- Bajel Projects: Bags EPC Orders Worth Over Rs 1,700 Crore.
- Page Industries: Company And Yellow Flower Trading LLC File Separate Appeals.
- IRCON International: Faces GST Notice Of Rs 72.41 Crore; HC Stays Order Till Next Hearing.
- CG Power: Subsidiary GGT Receives RDSO Approval For Rs 433 Crore Kavach 4.0 Order.
- HCLTech: Completes Acquisition Of 100% Stake In Robotic Process Automation.
- Persistent Systems: QIP Closes Today; To Allot 76.83 Lakh Shares At Rs 5,550/Share.
- Sigma Advanced: Bags Rs 973 Crore NATO Supply Order.
- UltraTech Cement: Targets Grey Cement Capacity Of 242.9 MTPA By FY28; Green Power Mix At 85% By FY30.
- Samvardhana Motherson: NCLT Mumbai Approves Composite Scheme Of Arrangement.
- Aavas Financiers: IRDAI Grants Corporate Agent Registration.
Earnings Updates
- Net Profit Down 11.8% At Rs 157 Crore Vs Rs 178 Crore YoY
- Revenue Down 2.5% At Rs 907 Crore Vs Rs 930 Crore YoY
- Ebitda Down 15% At Rs 185 Crore Vs Rs 218 Crore YoY
- Ebitda Margin At 20.4% Vs 23.4% YoY
- Net Loss At Rs 207 Crore Vs Profit Of Rs 236 Crore YoY
- One-Time Loss Of Rs 339 Crore In Q2
- Tax Credit At Rs 85 Crore Vs Expense Of Rs 79 Crore YoY
- Other Income At Rs 46 Crore Vs Rs 66 Crore YoY
- Revenue Up 4.3% At Rs 3,563 Crore Vs Rs 3,417 Crore YoY
- Ebitda Down 29.2% At Rs 493 Crore Vs Rs 696 Crore YoY
- Ebitda Margin At 13.8% Vs 20.4% YoY
- To Pay Interim Dividend Of Rs 4/Share; Record Date October 30
- Net Profit Up 82% At Rs 24.2 Crore Vs Rs 13.3 Crore YoY
- Revenue Up 30.8% At Rs 560 Crore Vs Rs 428 Crore YoY
- Ebitda At Rs 40.3 Crore Vs Rs 6 Crore YoY
- Ebitda Margin At 7.2% Vs 1.4% YoY
- Net Loss At Rs 52.4 Crore Vs Loss Of Rs 20.6 Crore YoY
- Revenue Up 45% At Rs 409 Crore Vs Rs 282 Crore YoY
- Ebitda Down 51.7% At Rs 14 Crore Vs Rs 29 Crore YoY
- Ebitda Margin At 3.4% Vs 10.3% YoY
- Net Profit Up 29% At Rs 223.4 Crore YoY
- Net Order Book At Rs 25,100 Crore As Of Q2
- Revenue Up 35% At Rs 1,546 Crore YoY
- Ebitda Up 23% At Rs 356.2 Crore YoY
- Ebitda Margin At 23%
- Revenue At Rs 1,536 Crore Vs Rs 1,138 Crore, Up 35% YoY
- Net Profit At Rs 223 Crore Vs Rs 173 Crore, Up 29.4% YoY
- Ebitda At Rs 346 Crore Vs Rs 284 Crore, Up 21.9% YoY
- Ebitda Margin At 22.5% Vs 24.9%, Down 241 Bps YoY
- Profit Down 21.2% At Rs 3,478 Crore Vs Rs 4,415 Crore YoY
- Total Income Down 1% At Rs 15,010 Crore Vs Rs 15,162 Crore YoY
- Net Profit Up 16.2% At Rs 469 Crore Vs Rs 404 Crore YoY
- Revenue Up 14% At Rs 5,661 Crore Vs Rs 4,966 Crore YoY
- Ebitda Up 19.7% At Rs 804 Crore Vs Rs 671 Crore YoY
- Ebitda Margin At 14.2% Vs 13.5% YoY
- India Business Revenue Up 17% At Rs 3,666 Crore YoY
- India Business Ebit Up 14% At Rs 409 Crore YoY
- International Business Revenue Up 6% At Rs 1,370 Crore YoY
- International Business Ebit Up 23% At Rs 182 Crore YoY
- India Branded Business Underlying Volume Growth At 11%
- Net Profit Up 4.6% At Rs 299 Crore Vs Rs 286 Crore YoY
- NII Up 13% At Rs 707 Crore Vs Rs 626 Crore YoY
- Loan Growth At 14% YoY
- Pre-Provisioning Operating Profit Up 1% At Rs 439 Crore YoY
- Net Interest Margin At 19.9% Vs 19.8% YoY
- Disbursements Up 74% At Rs 2,078 Crore YoY
- Gross NPA Unchanged At 3.5% QoQ
- Net Loss At Rs 37.4 Crore Vs Loss Of Rs 24.4 Crore YoY
- Revenue Down 2.7% At Rs 72 Crore Vs Rs 74 Crore YoY
- Net Profit At Rs 19.9 Crore Vs Rs 9.1 Crore YoY
- Revenue Up 9.5% At Rs 138 Crore Vs Rs 126 Crore YoY
- Ebitda Up 29.1% At Rs 47.9 Crore Vs Rs 37.1 Crore YoY
- Ebitda Margin At 34.7% Vs 29.4% YoY
- Net Profit Down 33.5% At Rs 105 Crore Vs Rs 158 Crore YoY
- Revenue Up 21.6% At Rs 3,977 Crore Vs Rs 3,271 Crore YoY
- Ebitda Down 5.7% At Rs 292 Crore Vs Rs 309 Crore YoY
- Ebitda Margin At 7.3% Vs 9.4% YoY
- Other Income At Rs 27 Crore Vs Rs 99 Crore YoY
- Tax Expense At Rs 47.8 Crore Vs Rs 87.1 Crore YoY
- To Pay Interim Dividend Of Rs 4/Share
- Total Income Up 10.4% At Rs 737 Crore Vs Rs 667 Crore YoY
- Net Profit Up 10.7% At Rs 182 Crore Vs Rs 164 Crore YoY
- Revenue Up 13.5% At Rs 219 Crore Vs Rs 193 Crore YoY
- Ebitda Up 37.3% At Rs 43 Crore Vs Rs 31 Crore YoY
- Ebitda Margin At 19.4% Vs 16.1%, Up 337 Bps YoY
- Net Profit Up 27.4% At Rs 26 Crore Vs Rs 20 Crore YoY
- Net Profit Down 27% At Rs 15.7 Crore Vs Rs 21.5 Crore YoY
- Revenue Down 3% At Rs 128 Crore Vs Rs 132 Crore YoY
- Ebitda Down 14.4% At Rs 22.7 Crore Vs Rs 26.5 Crore YoY
- Ebitda Margin At 17.7% Vs 20.1% YoY
- Net Profit Up 2.7% At Rs 226 Crore Vs Rs 220 Crore QoQ
- Revenue Up 8.2% At Rs 2,648 Crore Vs Rs 2,448 Crore QoQ
- Ebitda Up 33% At Rs 270 Crore Vs Rs 203 Crore QoQ
- Ebitda Margin At 10.2% Vs 8.3% QoQ
- To Invest Rs 500 Crore In Paytm Cloud Tech
- To Invest Rs 500 Crore In Singapore Arm
- Sees Payments Processing Margin Up 2.5 Bps
- Payment Processing Margin Seen Rising Post UPI MDR
- UPI MDR Impact Expected To Stabilise In 2-3 Quarters
- Revenue At Rs 119 Crore Vs Rs 55.1 Crore YoY
- Ebitda At Rs 82 Crore Vs Rs 29.4 Crore YoY
- Ebitda Margin At 68.8% Vs 53.4% YoY
- Net Profit At Rs 57.3 Crore Vs Rs 11.8 Crore YoY
- Net Profit Up 61.8% At Rs 17.8 Crore Vs Rs 11 Crore YoY
- Revenue Up 17.9% At Rs 211 Crore Vs Rs 179 Crore YoY
- Ebitda Up 16.4% At Rs 105 Crore Vs Rs 90.3 Crore YoY
- Ebitda Margin At 49.8% Vs 50.4% YoY
- Other Income At Rs 4.7 Crore Vs Outgo Of Rs 2.5 Crore YoY
- Tax Expense At Rs 6 Crore Vs Rs 4 Crore YoY
- Net Profit At Rs 36.3 Crore Vs Loss Of Rs 29.4 Crore YoY
- Revenue Up 52.7% At Rs 803 Crore Vs Rs 526 Crore YoY
- Ebitda Up 88.6% At Rs 112 Crore Vs Rs 59.6 Crore YoY
- Ebitda Margin At 14% Vs 11.3% YoY
- Other Income At Rs 13.7 Crore Vs Rs 1,105 Crore YoY
- Q2 FY26 Had A One-Time Loss Of Rs 915 Crore
- Net Profit Up 45.1% At Rs 261 Crore Vs Rs 180 Crore YoY
- Revenue Down 3.5% At Rs 2,213 Crore Vs Rs 2,294 Crore YoY
- Ebitda Up 49.4% At Rs 434 Crore Vs Rs 291 Crore YoY
- Ebitda Margin At 19.6% Vs 12.7% YoY
- Net Profit Up 33.4% At Rs 100 Crore Vs Rs 75.2 Crore QoQ
- Revenue Up 12.7% At Rs 402 Crore Vs Rs 357 Crore QoQ
- Ebitda Up 32% At Rs 161 Crore Vs Rs 122 Crore QoQ
- Ebitda Margin At 40.1% Vs 34.2% QoQ
- Net Profit Up 18.8% At Rs 58.3 Crore Vs Rs 49 Crore YoY
- Revenue Up 27.1% At Rs 321 Crore Vs Rs 252 Crore YoY
- Ebitda Up 12.8% At Rs 88.4 Crore Vs Rs 78.4 Crore YoY
- Ebitda Margin At 27.6% Vs 31.1% YoY
- Net Profit At Rs 20.3 Crore Vs Rs 6.3 Crore YoY
- Revenue Up 33.6% At Rs 768 Crore Vs Rs 575 Crore YoY
- Ebitda Up 28.9% At Rs 490 Crore Vs Rs 380 Crore YoY
- Ebitda Margin At 63.8% Vs 66.1% YoY
- To Set Up 10 MWp Captive Solar Power Plant