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 Informist, Monday, Oct. 13, 2025

 

By Gopika Balasubramanium

 

MUMBAI – India's headline indices will likely remain in a range in the near-term with announcements of quarterly earnings of companies picking up momentum in the coming sessions. There are also concerns among investors about how the fresh tensions between the US and China will affect global trade. However, the trade discussions between the US and India are on track with some Indian officials flying to the US this week, media reports said.

 

Tata Motors will be in focus as stock exchanges will hold a special trading session for price discovery of the company's stock, which will represent passenger vehicles operations. Investors will react to the September quarter earnings of HCL Technologies, which came in post market hours Monday.       

 

"We expect markets to remain range-bound in the near term, tracking Q2 (Jul-Sept) earnings announcements and evolving global tariff developments," Siddhartha Khemka, head of research at Motilal Oswal Financial Services, said in a note. "While institutional inflows and domestic fundamentals provide a cushion, volatility may persist as investors assess trade rhetoric and its implications for global growth," he added.

 

Monday, the Nifty 50 closed the session at 25227.35 points, down 58 points, or 0.2%. The 50-stock index was primarily dragged down by fall in index heavyweights such as Reliance Industries and HDFC Bank. Though it broke 25200 points during the session, falling to 25150 points, it recovered towards the end of the session. The BSE Sensex closed at 82327.05 points, down 173.77 points, or 0.2%.

 

Technical analysts see the Nifty 50 index to find support at 25150–25100 points. They see the 50-stock index facing immediate resistance at 25450 points. On a broader range, the benchmark index is expected to be between 24500–25500 points for October, according to technical analysts. 

 

Though concerns about the sell-off of Indian equities by foreign investors have softened, investors will continue to focus on the investment flows amid comparable valuations of India and its peers and strong domestic growth outlook. There is a shift in trading strategy of foreign portfolio investors, even if the amount is not significant, some analysts said. So far in October, foreign investors have been net buyers in four of the seven trading sessions. However, the sell-off was severe in September, with the overseas investors offloading shares worth INR 331.31 billion. 

 

Separately, stock movement and the updates on the demerger of Tata Motors will be keenly tracked by the investors. To be sure, in March 2024, the company's board approved the demerger of the company into two separate listed companies housing operations with respect to passenger vehicles, including Jaguar Land Rover, and that of commercial vehicles. The demerged company will be called TML Commercial Vehicles and the other will be called Tata Motors Passenger Vehicle. The demerger came into effect on Oct. 1. Stock exchanges will hold a special trading session on Tuesday for price discovery of Tata Motors, which will retain the passenger vehicles operations. A research analyst at a domestic brokerage sees the price to be between INR 255 and INR 280. The pre-open session for price discovery is from 0900 IST to 1000 IST.

 

Information technology stocks will largely take cues from HCL Technologies earnings and comments from management on the outlook. The Noida-based IT company's consolidated net profit rose over 10% sequentially but came in a tad lower than the estimates at INR 42.35 billion. But its consolidated revenue from operations came in better than expected at INR 319.42 billion. The company has retained its constant currency revenue growth and also retained its earnings before interest and tax margin guidance for 2025-26 (Apr-Mar). The company's stock closed marginally lower at INR 1,494.70 Monday on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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