More Stories

Informist, Thursday, Oct. 16, 2025                                      Tel +91 (22) 6985-4000

---

Equity Alert: Mkt opens higher Thursday; bank stocks rise, Axis Bank up 3%

 

MUMBAI--0941 IST--Benchmark equity indices opened higher Thursday, supported by gains in bank stocks. Shares of Axis Bank rose nearly 3?spite the company's net profit for the September quarter missing analysts' estimates. The stock was the biggest gainer in the Nifty 50 index. Eternal rose over 1% ahead of its Jul-Sept earnings, due later Thursday. Analysts expect the company to post a sharp on-year rise in revenue for the quarter, but a steep fall in its net profit. 

 

At 0940 IST, The Nifty 50 index was up 0.4% at 25415.80 points and the BSE Sensex index was 0.4% higher at 82926.13 points. Most financial services companies in the Nifty index were in the red. HDFC Life Insurance Co. declined nearly 3?ter the company posted sluggish on-year growth in net profit for the September quarter as the top line fell sharply due to a slump in net income from investments. SBI Life Insurance Co. and Shriram Finance fell over 1?ch. 

 

Most sectoral indices gained, with the Nifty Auto up and the Nifty Private Bank up nearly 1%. Most real estate stocks rose and the Nifty Realty index gained nearly 1%. Oberoi Realty was up over 4?ter the company posted a higher-than-expected consolidated net profit and revenue for the September quarter. The Nifty IT and Nifty Oil & Gas were the only sectoral indices in the red, down marginally. All broader market indices gained, with the Nifty Smallcap 250 and the Nifty Smallcap 100 being the biggest gainers, rising 0.6?ch. 

 

Among Nifty 200 stocks, KEI Industries fell nearly 5?ter the company posted marginally lower than expected revenue for the September quarter. Bharti Hexacom and Sona BLW Precision Forgings gained over 3% and were among the top gainers in the index. (P. Madhu Kumar)

---

Equity Alert: Most Asian indices rise; Kospi, S&P/ASX 200 touch record highs

 

MUMBAI--0828 IST--Almost all indices in Asia were higher with South Korea's benchmark Kospi and Australia's S&P/ASX 200 touching record intraday highs. Markets in South Korea touched fresh highs after the International Monetary Fund raised the country's growth forecast in its October outlook report. Markets in Asia were boosted by IMF raising its growth projection for the global economy due to the impact of US tariffs' being "at the modest end of the range."

 

South Korea's Kospi rose almost 2?ter the IMF raised the country's 2025 growth forecast to 0.9% from 0.8%. Markets in the country also received a boost after US Treasury Secretary Scott Bessent Wednesday told CNBC that Washington was "about to finish up" trade negotiations with South Korea. "The devil's in the details, but we are ironing out the details," he was quoted as saying by CNBC. Shares of Samsung Electronics rose 2.3% to an all-time high and those of Hyundai Motor advanced 8%. Shares of Kia were up around 7%.

 

Australia's S&P/ASX 200 was almost 1% higher and hit a new intraday record after the country's seasonally adjusted unemployment rate jumped to a near four-year high in September at 4.5%, Reuters reported. Peak forecast by the Reserve Bank of Australia had estimated a 4.3% rise. Employment rose by just 14,900 in September, lower than market expectations of a 20,000 rise. Weak jobs reading paves the way for further interest rate cuts.
 

The FTSE Singapore Strait Times fell over 0.4%. The country's non-oil domestic exports likely fell 2% on year in September, Dow Jones Newswire said, citing an estimate by The Wall Street Journal. In August, non-oil domestic exports contracted by 11.3% on year. "Readings might be choppy in the coming months, based on August and September trade reports from major trade partners in Southeast Asia and Northeast Asia," Denise Cheok, Moody's Analytics economist, was quoted as saying by Dow Jones Newswires.

 

Following were the levels of key Asian indices at 0820 IST:

 

Index	Level	Change in %
CSI 300 Index	4625.64	0.42
Hang Seng Index	25920.64	0.04
Nikkei 225 Day	48079.76	0.85
TOPIX FIRST SECTION	3198.58	0.47
KOSPI	3721.57	1.76
FTSE Singapore Strait Times	4350.37	(-)0.41
S&P/ASX 200 Index	9076.40	0.95

 

(Eshitva Prakash)

---

Equity Alert: Mkt may rise Thu; Trump says India to stop buying Russian oil

 

MUMBAI--0804 IST--Benchmark indices are seen moving upward Thursday, extending Wednesday's gains, after US President Donald Trump said Prime Minister Narendra Modi has assured him that India will stop buying crude oil from Russia. This came months after Washington imposed punitive tariffs on New Delhi over oil purchases from Moscow.

 

India "can't immediately stop buying Russian oil, bit of a process, which will be over soon", Trump said at a joint news conference with Federal Bureau of Investigation Director Kash Patel at the Oval Office. "That's a big stop. Now we've got to get China to do the same thing."

 

"Within a short period of time, they (India) will not be buying oil from Russia. And they will go back to Russia after the war is over," he said. Trump said he was in the midst of negotiating a trade deal with India and Pakistan. "I heard that they are shooting at each other. I said here's the deal, you go to war, I will put a 200% tariff. I am going to stop you from doing any business in the US. I said it to both of them, within 24 hours the war ended. It would have been a nuclear war," Trump said.

 

The derivatives contract of the GIFT Nifty shows a slight positive start for the market. At 0803 IST, the GIFT Nifty's October contract was at 25469.50 points, nearly 146 points higher than the Nifty 50's latest close. On Wednesday, the Nifty 50 closed at 25323.55, up 178.05 points or 0.7%. The BSE Sensex settled at 82605.43, up 575.45 points or 0.7%. The resistance for Nifty 50 is pegged at 25500-25600 points and support is seen at 25250 points. 

 

Market participants will watch for the September quarter earnings of the Nifty 50 companies scheduled to detail their results Thursday – Nestle India, Eternal, Infosys, Jio Financial Services, and Wipro. They will also asses the earnings of LTIMindtree, another information technology company which will details its results Thursday.

 

On the global front, Wall Street indices closed higher Wednesday, with Morgan Stanley and Bank of America rallying after robust quarterly results. The rise in the market came against mounting trade tensions between the US and China. Markets in Asia rose in early trade Thursday. (Simran Rede)

---

 

Equity Alert: S&P 500, Nasdaq rise on better-than-expected bank earnings

 

MUMBAI--0748 IST--The S&P 500 and the Nasdaq Composite index ended higher Wednesday, buoyed by better than expected earnings of Bank of America and Morgan Stanley. An upbeat start to the earnings season largely overshadowed concerns around US-China trade ties and a US government shutdown. US Treasury Secretary Scott Bessent told CNBC in an interview that Washington did not want to escalate a trade conflict with China, adding that US President Donald Trump was ready to meet Chinese President Xi Jinping in South Korea later this month.

 

Strong quarterly reports from Bank of America and Morgan Stanley improved trader sentiment on Wall Street. Shares of Bank of America ended 4.4% higher and those of Morgan Stanley rose almost 5%. Bank results from earlier this week indicate that major US companies might be performing better than forecasts. The earnings also provide cues on the US economy's condition at a time when many macroeconomic reports are delayed due to a government shutdown.

 

"It appears as if the banks have hit the ball out of the park, exceeding both earnings and revenue expectations...that's an indication that the economy remains strong and, coupled with the likelihood that the Fed will cut rates again at the end of this month, (it) is bolstering investor optimism," Sam Stovall, chief investment strategist at CFRA Research, was quoted by CNBC as saying.

 

While there has been higher volatility in the US stock market, this hasn't deterred US federal officials from pursuing tough talks with China, Treasury secretary Scott Bessent was cited as saying by CNBC. "We won't negotiate because the stock market is going down, we will negotiate because we are doing what is best economically for the US," he said.

 

Shares of chipmaker ASML rose 3?ter the company reported September orders and operating income above market expectations, lifted by booming AI investment, Reuters reported. Meanwhile, shares of medical equipment maker Abbott fell over 2% following downbeat quarterly revenue. Shares of Bunge rose almost 13% despite the grain trading company lowering its earnings forecast following its merger with Viterra.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6671.06	0.4
NASDAQ Composite	22670.08	0.66
Dow Jones Industrial Average	46253.31	(-)0.04

 

(Eshitva Prakash)

 

End

 

US$1 = INR 87.76

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange

NYSE: New York Stock Exchange

NYMEX: New York Mercantile Exchange

SEBI: Securities and Exchange Board of India

RBI: Reserve Bank of India

 

Internet links:

Securities and Exchange Board of India - http://www.sebi.gov.in

Bombay Stock Exchange - http://www.bseindia.com

National Stock Exchange of India - http://www.nseindia.com

Directory of Indian government websites - http://goidirectory.nic.in

Indian Ministry of Finance - http://www.finmin.nic.in

Reserve Bank of India - http://rbi.org.in

Controller General of Accounts, Government of India - http://www.cga.nic.in

Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.