India Market Recap
Indian equity benchmarks, the Sensex and Nifty 50, ended Tuesday's volatile session largely unchanged as investors remained cautious amid elevated crude oil prices and persistent geopolitical tensions in the Middle East. The BSE Sensex declined 8.08 points, or 0.01%, to close at 73,598.67, while the Nifty 50 eased 3.45 points, or 0.02%, to settle at 22,749.75. The Bank Nifty underperformed the broader market, falling 0.72% to end at 53,974.90. The muted closing reflected a wait-and-watch approach as investors assessed global market cues, energy prices and geopolitical developments. On the technical front, Nifty support is placed around 22,650–22,575, while resistance is seen in the 22,850–22,925 range.
US Market Recap
US equities opened higher on Tuesday, October 27, as investors positioned themselves ahead of major technology-company earnings. Easing crude oil prices ahead of the Federal Reserve's latest policy decision also provided some relief to market sentiment. By 9:31 a.m. ET (7:01 p.m. IST), the Nasdaq Composite had gained 0.42% to 26,279.81, while the S&P 500 advanced 0.33% to 7,701.76. The Dow Jones Industrial Average rose 0.28% to 52,361.58. Investors remained focused on corporate earnings, developments in the technology sector and the Fed's policy guidance for indications about the outlook for economic growth and interest rates.
Asian Market Update
Asian markets traded higher on Wednesday, tracking gains on Wall Street as investors awaited the US Federal Reserve's interest-rate decision later in the day. South Korea's Kospi surged as much as 3.7% after chipmaker SK Hynix reported strong third-quarter results, with revenue rising 328% year-on-year and operating profit jumping 632%. Japan's Nikkei 225 advanced 1.08%, while the broader Topix index gained 0.58%. Australia's S&P/ASX 200 also moved higher, rising 0.46%. The strong performance in South Korea highlighted renewed buying interest in semiconductor stocks, while the Fed's policy announcement remained a key event for global market direction.
Commodity Check
Brent crude prices rose on Wednesday after declining for two consecutive sessions, as investors monitored Israel's election results, renewed diplomatic efforts in the Middle East and developments surrounding the conflict involving Iran. Brent crude, the international benchmark, was trading 1.22% higher at $115.10 per barrel at the latest check. Market participants are assessing whether political developments in Israel and diplomatic engagement among regional powers could influence the course of the conflict and reduce the risk of disruptions to global oil supplies. However, uncertainty surrounding the Middle East continues to keep crude prices elevated and volatile. For India, sustained high oil prices remain a concern due to their potential impact on import costs, inflation, the current account balance and corporate profitability.
Stocks In News
- Choice International: Subsidiary CEBPL allots 42 lakh CCPS to NH Investment & Securities Co. at Rs. 2,130 per share, aggregating nearly Rs. 900 crore.
- Mishra Dhatu: Signs an agreement with HWB and BARC to produce nickel and cobalt from plant reverts.
- Karamtara Engineering: Secures new orders worth Rs. 1,199 crore across transmission and renewable energy sectors.
- Infosys: Completes SAP S/4HANA implementation for Syngenta.
- Subros: Receives a Rs. 1,225 crore order from Maruti Suzuki India to supply HVAC assemblies.
- Alembic Pharmaceuticals: Receives USFDA approval for valganciclovir oral solution, used to treat CMV retinitis.
- Indian Overseas Bank: Appoints Akshit Choudhary as CFO effective November 1, 2026.
- Exide Industries: Invests Rs. 150 crore in subsidiary Exide Energy Solutions, taking total investment to Rs. 5,352 crore.
- Avalon Technologies: Approves a preferential issue of 19 lakh warrants at Rs. 2,193.20 each, aggregating Rs. 425 crore.
- Steamhouse India: Signs an agreement with Haryana Enterprises Promotion Centre to explore industrial infrastructure opportunities involving Rs. 500 crore investment.
- Radico Khaitan: Revenue Department visits its Delhi and Uttar Pradesh offices; the company expects no operational impact and is cooperating with authorities.
- ACME Solar: Subsidiary ACME Greentech Seventh commissions an additional 35.77 MW of BESS capacity, taking total commissioned capacity to 195.35 MW/781.40 MWh under a PPA with SJVN.
- Gulf Oil: Fire breaks out at its Gujarat warehouse; no casualties reported, damage assessment is underway, and inventory is insured.
- Syngene International: CFO Deepak Jain to resign for personal reasons.
- Waaree Energies: Plans to acquire 100% stakes in Waaree Green Data Centers, Aurovault Data Centers and Sunstar Data Centers as it evaluates entry into the data centre business; completion is expected in FY27.
- Lemon Tree Hotels: Signs an agreement to develop a 76-room hotel in Punjab.
- Tata Motors: Subsidiary TML CV Holdings B.V. receives final open offer results, with 238.16 million shares tendered, increasing its stake to 89.42%.
- Ashiana Housing: CARE upgrades its issuer rating and NCD rating to CARE A+; Stable from CARE A; Stable.
- JSW Cement: Approves 2 MTPA GGBS grinding capacity at Vijayanagar, Karnataka, and a 2 MTPA cement grinding mill at Dolvi, Maharashtra, to strengthen its manufacturing footprint.
- Lloyds Metals & Energy: Signs agreements with three renewable energy companies to acquire at least 26% stakes, aiming to secure power through captive renewable energy arrangements.
- Optiemus Infracom: Approves an unsecured loan of up to Rs. 50 crore to its wholly owned subsidiary, GDN Enterprises.
Earnings Updates
- Net Profit: Rs 5,202 crore vs estimate of Rs 4,342 crore; up 33% vs Rs 3,926 crore YoY
- Revenue: Rs 78,750 crore vs estimate of Rs 73,303 crore; up 16% vs Rs 67,984 crore YoY
- EBITDA: Rs 6,845 crore vs estimate of Rs 6,999 crore; up 1% vs Rs 6,806 crore YoY
- EBITDA Margin: 8.7% vs estimate of 9.54%; 8.7% vs 10% YoY
- Q2 Order Book: Up 28% at Rs 1.47 lakh crore YoY
- Consolidated Order Book As Of September 30: Rs 8.53 lakh crore
- Infrastructure, Utilities Revenue: Up 6% at Rs 25,554 crore YoY
- Net Profit: Down 50% at Rs 44 crore vs Rs 88 crore YoY
- Total Income: Down 13.6% at Rs 114 crore vs Rs 132 crore YoY
- Profit: Up 51.3% at Rs 1,660 crore vs Rs 1,097 crore YoY
- Total Income: Up 20.7% at Rs 9,356 crore vs Rs 7,749 crore YoY
- Medium-Term Note Programme: Increased to $3 billion from $2 billion
- Net Profit: Rs 54 crore vs Rs 26.5 crore YoY
- Revenue: Down 8.3% at Rs 1,562 crore vs Rs 1,704 crore YoY
- EBITDA: Rs 72.6 crore vs Rs 27.8 crore YoY
- EBITDA Margin: 4.6% vs 1.6% YoY
- Net Loss: Rs 25.1 crore vs loss of Rs 167 crore YoY
- Revenue: Up 79.4% at Rs 576 crore vs Rs 321 crore YoY
- EBITDA: Rs 0.9 crore vs EBITDA loss of Rs 169 crore YoY
- EBITDA Margin: 0.15%
- Net Profit: Down 11.9% at Rs 318 crore vs Rs 361 crore YoY
- Revenue: Up 17% at Rs 1,481 crore vs Rs 1,266 crore YoY
- EBITDA: Up 10.6% at Rs 675 crore vs Rs 610 crore YoY
- EBITDA Margin: 45.6% vs 48.2% YoY
- Net Loss: Rs 311 crore vs profit of Rs 122 crore QoQ
- Revenue: Down 23.9% at Rs 2,788 crore vs Rs 3,662 crore QoQ
- EBITDA: Down 90.6% at Rs 48 crore vs Rs 508 crore QoQ
- EBITDA Margin: 1.7% vs 13.9% QoQ
- Net Loss: Rs 2.2 crore vs profit of Rs 1.4 crore YoY
- Revenue: Down 6.5% at Rs 98.2 crore vs Rs 105 crore YoY
- Net Profit: Down 2.4% at Rs 239 crore vs Rs 245 crore YoY
- Revenue: Up 26.1% at Rs 22,202 crore vs Rs 17,605 crore YoY
- EBITDA: Down 9.7% at Rs 622 crore vs Rs 689 crore YoY
- Other Income: Rs 69.3 crore vs outgo of Rs 79 crore YoY
- EBITDA Margin: 2.8% vs 3.9% YoY
- Net Profit: Up 11.7% at Rs 134 crore vs Rs 120 crore YoY
- Revenue: Up 6.4% at Rs 1,224 crore vs Rs 1,150 crore YoY
- EBITDA: Up 17.5% at Rs 155 crore vs Rs 132 crore YoY
- EBITDA Margin: 12.7% vs 11.5% YoY
- Net Profit: Up 9.8% at Rs 180 crore vs Rs 164 crore YoY
- Revenue: Up 17% at Rs 3,234 crore vs Rs 2,765 crore YoY
- EBITDA: Up 9.8% at Rs 339 crore vs Rs 309 crore YoY
- Other Income: Rs 18.4 crore vs Rs 6.7 crore YoY
- EBITDA Margin: 10.5% vs 11.2% YoY
- Net Profit: Up 3.8% at Rs 73.7 crore vs Rs 71 crore YoY
- Revenue: Up 24.2% at Rs 1,277 crore vs Rs 1,028 crore YoY
- EBITDA: Up 14.7% at Rs 124 crore vs Rs 108 crore YoY
- EBITDA Margin: 9.7% vs 10.5% YoY
- Net Profit: Up 96.5% at Rs 22.4 crore vs Rs 11.4 crore YoY
- Revenue: Up 24.1% at Rs 655 crore vs Rs 528 crore YoY
- EBITDA: Up 72.2% at Rs 75.6 crore vs Rs 43.9 crore YoY
- EBITDA Margin: 11.5% vs 8.3% YoY
- Tax Credit: Rs 10.6 crore vs expense of Rs 162 crore YoY
- Net Profit: Up 3% at Rs 146 crore vs Rs 142 crore QoQ
- Revenue: Up 10.3% at Rs 1,352 crore vs Rs 1,226 crore QoQ
- EBIT: Down 40.1% at Rs 177 crore vs Rs 295 crore QoQ
- EBIT Margin: 13.1% vs 24.1% QoQ
- Interim Dividend: Rs 6 per share
- Net Profit: Down 14.1% at Rs 74.5 crore vs Rs 86.7 crore YoY
- Revenue: Up 15.3% at Rs 814 crore vs Rs 706 crore YoY
- EBITDA: Up 8.2% at Rs 116 crore vs Rs 107 crore YoY
- EBITDA Margin: 14.3% vs 15.2% YoY
- Net Profit: Rs 2,415 crore vs estimate of Rs 2,933 crore; down 26.9% vs Rs 3,303 crore YoY
- Revenue: Rs 53,340 crore vs estimate of Rs 53,744 crore; up 26% vs Rs 42,332 crore YoY
- EBITDA: Rs 4,764 crore vs estimate of Rs 4,683 crore; down 6.3% vs Rs 5,085 crore YoY
- EBITDA Margin: 8.9% vs estimate of 8.7%; 8.9% vs 12% YoY
- Other Income: Rs 430 crore vs Rs 966 crore YoY
- Net Profit: Down 11.8% at Rs 53.1 crore vs Rs 60.2 crore YoY
- Revenue: Up 7.5% at Rs 749 crore vs Rs 697 crore YoY
- EBITDA: Up 15.7% at Rs 107 crore vs Rs 92.2 crore YoY
- EBITDA Margin: 14.2% vs 13.2% YoY
- Net Profit: Up 73.1% at Rs 49 crore vs Rs 28.3 crore YoY
- Revenue: Up 21% at Rs 572.1 crore vs Rs 473 crore YoY
- EBITDA: Up 90.2% at Rs 64.3 crore vs Rs 33.8 crore YoY
- EBITDA Margin: 11.2% vs 7.1% YoY
- Share Buyback: 24 lakh shares (1.47% of equity)
- Buyback Size: Rs 120 crore at Rs 500 per share
- Net Profit: Up 1% at Rs 56.1 crore vs Rs 55.5 crore YoY
- Revenue: Up 21.3% at Rs 2,037 crore vs Rs 1,679 crore YoY
- EBITDA: Up 14.2% at Rs 169.4 crore vs Rs 148.4 crore YoY
- EBITDA Margin: 8.3% vs 8.8% YoY
- Net Profit: Rs 175 crore vs Rs 36.1 crore YoY
- Revenue: Up 72.9% at Rs 1,847 crore vs Rs 1,068 crore YoY
- EBITDA: Rs 288 crore vs Rs 65.8 crore YoY
- EBITDA Margin: 15.6% vs 6.2% YoY
- Net Profit: Down 2.5% at Rs 1,793 crore vs Rs 1,839 crore YoY
- Revenue: Up 4% at Rs 8,516 crore vs Rs 8,188 crore YoY
- EBITDA: Up 0.5% at Rs 4,633 crore vs Rs 4,612 crore YoY
- EBITDA Margin: 54.4% vs 56.3% YoY
- Net Profit: Down 1.2% at Rs 85.4 crore vs Rs 86.4 crore YoY
- Revenue: Up 33.1% at Rs 1,912 crore vs Rs 1,436 crore YoY
- EBITDA: Up 3.7% at Rs 277 crore vs Rs 267 crore YoY
- EBITDA Margin: 14.5% vs 18.6% YoY
- Tax Expense: Rs 23.1 crore vs Rs 45.9 crore YoY
- Capacity Expansion: 2 MTPA GGBS grinding capacity at Vijayanagar
- Capacity Expansion: 2 MTPA cement grinding capacity at Dolvi
- Net Profit: Up 10.9% at Rs 549 crore vs Rs 495 crore YoY
- Net Premium Income: Up 8.2% at Rs 26,877 crore vs Rs 24,848 crore YoY
- Solvency Ratio: 1.97 vs 1.96 QoQ
- 13th-Month Persistency Ratio: 85.82% vs 84.35% QoQ
- 61st-Month Persistency Ratio: 58.01% vs 59.1% QoQ
- Net Profit: Rs 79.9 crore vs Rs 4.1 crore YoY
- Total Income: Up 18.4% at Rs 11,605 crore vs Rs 9,799 crore YoY
- Net Profit: Down 24.5% at Rs 38.3 crore vs Rs 50.8 crore YoY
- Revenue: Up 15% at Rs 1,576 crore vs Rs 1,370 crore YoY
- EBITDA: Down 9% at Rs 91 crore vs Rs 99.9 crore YoY
- EBITDA Margin: 5.8% vs 7.3% YoY
- Net Profit: Up 10.3% at Rs 69.6 crore vs Rs 63.1 crore YoY
- Revenue: Up 25.1% at Rs 309.1 crore vs Rs 247 crore YoY
- EBITDA: Up 18.1% at Rs 104.4 crore vs Rs 88.4 crore YoY
- EBITDA Margin: 33.8% vs 35.8% YoY
- Net Profit: Rs 13.7 crore vs Rs 2.8 crore YoY
- Revenue: Up 42.5% at Rs 934 crore vs Rs 655 crore YoY
- EBITDA: Up 98.7% at Rs 59.8 crore vs Rs 30.1 crore YoY
- EBITDA Margin: 6.4% vs 4.6% YoY
- Net Profit: Up 21.4% at Rs 25 crore vs Rs 20.6 crore YoY
- Revenue: Up 12.3% at Rs 294.8 crore vs Rs 262.5 crore YoY
- EBITDA: Down 27.4% at Rs 36.6 crore vs Rs 50.4 crore YoY
- EBITDA Margin: 12.4% vs 19.2% YoY
- Revenue: Up 6.8% at Rs 1,147.9 crore vs Rs 990.1 crore YoY
- Net Profit: Up 11.2% at Rs 71.5 crore vs Rs 64.3 crore YoY
- EBITDA: Up 11% at Rs 139.2 crore vs Rs 125.4 crore YoY
- EBITDA Margin: 12.1% vs 12.7% YoY
- Net Profit: Up 20.8% at Rs 349 crore vs Rs 289 crore YoY
- Revenue: Up 26.8% at Rs 3,089 crore vs Rs 2,437 crore YoY
- EBITDA: Up 17.3% at Rs 537 crore vs Rs 458 crore YoY
- EBITDA Margin: 17.4% vs 18.8% YoY
- Net Profit: Down 14.7% at Rs 719 crore vs Rs 843 crore YoY
- Revenue: Up 23.9% at Rs 7,518 crore vs Rs 6,066 crore YoY
- EBITDA: Down 5.1% at Rs 1,335 crore vs Rs 1,406 crore YoY
- EBITDA Margin: 17.8% vs 23.2% YoY
- Net Profit: Up 6.4% at Rs 1,750 crore vs Rs 1,644 crore QoQ
- Revenue: Up 21.9% at Rs 31,997 crore vs Rs 26,246 crore QoQ
- EBITDA: Up 1.5% at Rs 4,215 crore vs Rs 4,153 crore QoQ
- EBITDA Margin: 13.2% vs 15.8% QoQ
- Net Profit: Rs 135 crore vs Rs 46.5 crore YoY
- Revenue: Up 23.6% at Rs 2,537 crore vs Rs 2,052 crore YoY
- EBITDA: Up 99.2% at Rs 259 crore vs Rs 130 crore YoY
- EBITDA Margin: 10.2% vs 6.3% YoY
- Other Income: Rs 41.3 crore vs Rs 14.9 crore YoY
- Tax Expense: Rs 47.9 crore vs Rs 19.5 crore YoY
- Net Profit: Up 77.2% at Rs 418 crore vs Rs 236 crore YoY
- Total Income: Up 59% at Rs 1,788 crore vs Rs 1,124 crore YoY
- Net Profit: Rs 5.6 crore vs loss of Rs 99.2 crore YoY
- Revenue: Up 28.1% at Rs 2,617 crore vs Rs 2,044 crore YoY
- EBITDA: Rs 349 crore vs Rs 159 crore YoY
- EBITDA Margin: 13.3% vs 7.8% YoY
- Net Profit: Rs 265 crore vs Rs 79.6 crore YoY
- Total Insurance Revenue: Up 15.4% at Rs 5,074 crore vs Rs 4,396 crore YoY