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Informist, Monday, Nov. 3, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Emkay says auto sales strong in Oct on festive demand, GST cut

MUMBAI--1021 IST--Underlying auto trends were strong in October, aided by demand improvement due to festive period and the cut in goods and services tax for the sector, Emkay Global Financial Services said in a report. Two-wheelers delivered a robust growth in October, with Eicher Motors driven by continued demand for the 350cc segment and TVS Motor Co. driven by demand for motorcycles, the report said.

"2W industry retails (sales) rose 52% YoY, with E-2W penetration at 4.6% in Oct (6.3% YTD)...within E-2Ws, Bajaj Auto (22%) now leads, with TVS (21%) a close #2 and Ather (20%) at #3," the brokerage said in the report. Excluding Hyundai Motors India, all other passenger vehicle makers recorded a healthy volume uptick led by a major rise in bookings due to GST cut and festival-led spike in demand. 

"MHCVs (medium and heavy commercial vehicles) saw healthy growth, with AL (Ashok Leyland) outpacing TTMT's (Tata Motors)...tractors continued to fare well, benefiting from the early festive, with M&M outpacing Escorts," the report said. "The E-3W penetration remains healthy at >30% with M&M leading the pack, followed by Bajaj and TVS rapidly closing the gap," it added. 

The brokerage said it expects the demand to be healthy, led by a strong enquiry pipeline, but whether such demand sustains after the festive season ends will be a key monitorable for the sector, the brokerage said. "We remain positive on 2Ws, led by improving replacement demand visibility (industry volumes still below the FY19 peak), a rural recovery after a prolonged weakness (aided by recent GST cuts), and sustained traction in exports," it said. Among two-wheeler makers, the brokerage expects Eicher Motors and TVS Motor to outperform due to strong product actions, disciplined pricing, and a healthy domestic-export mix.

In passenger vehicles, the brokerage said Maruti Suzuki remains its preferred pick due to its upcoming SUV-led product cycle and early signs of recovery seen in the small-car segment following the GST reduction.  (Akash Mandal)

Equity Alert: Indices in red for 3rd day, Maruti Suzuki down nearly 3%

MUMBAI--0940 IST--Benchmark equity indices opened slightly lower and were in negative territory for the third consecutive session. Maruti Suzuki India declined nearly 3% and was the worst performer in the Nifty 50 index despite the company reporting its highest ever monthly sales at 220,894 units in October. Bharat Electronics and Titan Company fell over 1% each. 

At 0938 IST the Nifty 50 index was down 0.1% at 25698.60 points and the BSE Sensex index was down 0.2% at 83781.54 points. Among the top Nifty 50 gainers, Shriram Finance rose nearly 5% and was up for the second straight session after the company posted robust earnings for the September quarter. Mahindra & Mahindra rose nearly 2% after the company announced the launch of its new seven-seater electric sports utility vehicle, XEV 9S and its domestic sport utility vehicles wholesale sales hit a record high in October. 

Most sectoral indices traded with gains, with the Nifty PSU Bank rising 1.6% in early trade. The Nifty Metal and Nifty Pharma rose 0.5% each. Nifty Consumer Durables was the biggest loser among the pack falling nearly 1%. Nifty Private Bank and Nifty IT were down 0.4% each. All broader market indices were in the positive territory. 

Among the Nifty 500 constituents, Intellect Design Arena rose nearly 9%, making it the biggest gainer and the stock traded in green for the fourth straight session. Wockhardt gained over 6% and Navin Flourine International was up over 5%. Netweb Technologies was the biggest loser among the Nifty 500 stocks and fell over 6%. The company reported muted quarter-on-quarter growth in its September quarter earnings.  (P. Madhu Kumar)

Equity Alert: Asian mkts mixed; CSI 300 dn after China mfg data misses views

MUMBAI--0850 IST--Asian indices were mixed in early trade Monday after China's manufacturing activity for October missed economists' estimates. The MSCI Asia-pacific index, excluding Japan, was up 0.5%. South Korea's Kospi was up over 2% and was the top gainer in the region while China's CSI 300 was the worst hit.

Japan's stock market was shut Monday for Culture Day. Among other gainers in Asia were FTSE Singapore Straight and Hong Kong's Hang Seng which were up 0.2-0.5%. 

The CSI 300 index was down for the third straight trading session. China's manufacturing activity slowed to 50.6 during the month, missing economists' poll of 50.9 from Reuters and was also lower than 51.2 reported in September. Investors remain cautious about whether the trade truce between the US and China will last for the full duration, Reuters reported. Last week, both the countries had agreement on a year-long trade truce, in line with expectations.

Australia's S&P/ASX 200 was down 0.2% after the country's central bank started its two-day monetary policy meeting Monday, with economists expecting the Reserve Bank of Australia to hold key interest rates at 3.6% after the country's inflation readings came in hotter than expected for the third quarter.

Following were the levels of key Asian indices at 0845 IST: 

(Adhithya Aji)   

Equity Alert: Mkt may start muted but Nifty 50 seen regaining 26000 this wk

MUMBAI--0810 IST--Benchmark indices are expected to start the week on a muted note but are seen rising later in the week. The Nifty 50 is likely to reclaim the 26000 level this week, analysts said. Some analysts even expect the 50-stock index to notch a fresh high this week as the Nifty 50's current levels are a good buying zone.

"The short-term trend of Nifty 50 is weak, but the overall medium-term trend of the market remains positive... any slide below 25700 levels, the market is expected to find strong support around 25500 levels and there is a higher possibility of sharp upside bounce from the lows by next week," said Nagaraj Shetti, senior technical research analyst at HDFC Securities, in a note. "We believe the current breather should be used to accumulate quality stocks in a staggered manner for up move towards the last week high of 26100 and previous all-time high of 26277," Bajaj Broking said in a note.

The November contract of the GIFT Nifty also indicates a muted start to the session. At 0756 IST, the contract was at 25856 points, up 32 points from its previous close. On Friday, the Nifty 50 had ended at 25722.10 points, down 155.75 points or 0.6%. The BSE Sensex closed at 83938.71 points, down 465.75 points or 0.6%.

On Friday, indices in the US ended slightly higher, buoyed by robust gains in technology stocks. Amazon surged 10% after the e-commerce giant said its cloud computing unit's revenue increased 20% in the third quarter, exceeding Wall Street's estimates, CNBC reported. Most Asian indices were higher in early trade Monday on AI-related optimism. Japan's Nikkei 225 and South Korea's Kospi were up around 2% each.  (Akash Mandal)

Equity Alert: US indices end higher Fri led by strong Q2 results from Amazon

MUMBAI--0807 IST--US indices ended higher Friday led by a 10% gain in shares of Amazon following the company's strong quarterly results. Benchmark indices Dow Jones Industrial Average and S&P 500 snapped a two-day losing run and closed slightly higher, and the tech-heavy Nasdaq Composite ended 0.6% up. 

The Dow Jones index saw its sixth consecutive month of gains for the first time since 2018. Though the US market saw some of its largest one-day losses in October in the history, the S&P 500 gained over 2% during the month, Nasdaq jumped almost 5%, and Dow Jones rose nearly 3%. 

Shares of Amazon surged after the e-commerce giant said its revenue from cloud computing unit rose 20% in the reporting quarter, beating the Street's view. Amazon Web Services, a comprehensive cloud platform offered by Amazon, is "growing at a pace we haven't seen since 2022," Andy Jassy, chief executive officer of the company, was quoted by CNBC-TV18. He also said that artificial intelligence and core infrastructure are experiencing strong demand. 

Following Amazon's results, investors were optimistic about AI players. AI software firm Plantir rose 3% and AI player Oracle gained over 2%. Netflix gained almost 3%, also supporting the rise in the Nasdaq Composite after the company announced a 10-for-1 stock split. Electric car major Tesla rose almost 4%. 

Following are the closing levels of US indices Friday:         

(Adhithya Aji) 

End 

US$1 = INR 88.78

Edited by Deepshikha Bhardwaj

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