Market Opening Bell: Sensex opens at 84,297; Nifty at 25,843 – Waaree Energies, Zen Technologies in focus today

by | October 27, 2025 10:15 am | Indian Stocks, Market, News

Nifty 50 opened at 25,843.20, up by 71.85 points ( 0.26%). Bank Nifty opened at 57,796.45 increased by 120.25 points (0.21%). Sensex opened at 84,297.39, up by 185.54 points (0.22%). GIFT Nifty is currently trading at 25,917.50.

Global index as of October 27, 2025

  • DOW 30 closed at 47,207.12, up by 472.51 points (1.01%).
  • S&P 500 closed at 6,791.69, up by 53.25 points (0.79%).
  • NASDAQ increased by 263.07 points (1.15%), closing at 23,204.87.
  • FTSE 100 increased by 67.05 points (0.70%) to settle at 9,645.62.
  • DAX  increased by 32.10 points (0.13%), ending at 24,239.89.
  • NIKKEI 225 increased 1,037.71 points (2.10%) to trade at 50,337.36.

 Commodities Update

  • Gold: Currently trading at Rs. 122,375 per 10 grams.
  • Silver: down by 0.73%, now at Rs 146,340 per kilo.
  • Crude Oil: Prices up by 0.45%, reaching USD 65.355, compared to the previous close.

Global events/updates

  • China’s industrial profits jumped 21.6% in September, marking the strongest growth since November 2023, signaling a rebound in manufacturing and demand. Despite global headwinds, the recovery shows improving domestic production and pricing power. For January–September, profits rose 3.2%, suggesting momentum is picking up in the industrial sector after a sluggish start to the year.
  • China struck a conciliatory tone ahead of the expected Trump-Xi meeting, with Commerce Minister Wang Wentao stating that China opposes economic decoupling from the U.S. The White House expects the leaders to meet on October 30 in South Korea, though Beijing hasn’t confirmed. Chinese officials also highlighted technology and clean energy as key growth priorities.
  • Japan’s Nikkei 225 surged over 2%, crossing the 50,000 mark for the first time, while the Topix gained 1.61%, reflecting strong market optimism ahead of the Takaichi-Trump meeting. Sentiment was further boosted after U.S. Treasury Secretary Scott Bessent clarified that Trump’s proposed 100% tariffs on Chinese imports are “essentially off the table,” easing trade concerns.
  • The RBI has proposed lowering risk weights on NBFC loans to operational, high-quality infrastructure projects to ease capital requirements and boost infrastructure financing. Projects with at least 10% repayment may get a 50% risk weight. This move, effective April 2026, aims to free up NBFC capital, reduce lending costs, and support India’s infrastructure growth.
  • Oil prices rose as easing U.S.-China trade tensions boosted demand hopes. Brent climbed above $66 and WTI neared $62, supported by optimism over an upcoming Trump-Xi meeting. U.S. sanctions on Russia’s major oil firms tightened supply, while reduced imports by India and China lifted alternative demand. Analysts expect Brent to stabilize in the high-$60s range.

Stocks to watch

  • Coforge: Coforge has approved the voluntary winding up of its UK subsidiaries, Coforge SF and Coforge DPA, as part of strategic restructuring to streamline operations and focus on core business areas.
  • Hindalco: Hindalco expects its Hot Mill to restart by December-end after a fire incident, with a 4–6 week ramp-up. The company will acquire 100% of EMIL Mines & Mineral Resources, completing the deal by November 30.
  • Dr Lal Path Labs: Dr Lal Path Labs’ board will meet on October 31 to consider issuing bonus shares, aiming to reward shareholders and strengthen capital structure.
  • RailTel Corporation: RailTel Corporation announced cancellation of a Rs 210 crore work order from the Bihar Education Project Council due to unavoidable circumstances, impacting project execution timelines.
  • Container Corporation of India: Container Corporation of India signed two strategic MoUs with Adani Cement, enhancing operational collaboration and potential future logistics and supply chain synergies.
  • Waaree Energies: Waaree Energies secured orders for 220 MW, 210 MW, and 140 MW of solar modules, while its subsidiary received an additional 122 MW order, expanding its renewable energy project footprint.
  • Vikram Engineering: Vikram Engineering secured a Rs 354 crore order to develop a solar PV project in Maharashtra, reinforcing its presence in renewable energy infrastructure.
  • Zydus Lifesciences: Zydus Lifesciences received Health Canada approval for generic Mesalamine suppositories, used to treat mild-to-moderate ulcerative proctitis, expanding its regulated pharmaceutical portfolio.
  • Indian Oil Corporation: The Income Tax Appellate Authority partly allowed Indian Oil’s appeal, granting Rs 1,102.91 crore relief. The company will contest the remaining Rs 91.16 crore tax dispute.
  • Reliance Industries: Reliance reaffirmed its diversified crude sourcing strategy amid EU, UK, and US restrictions on Russian oil, ensuring refining stability and compliance while assessing implications of new regulatory requirements.
  • Kotak Mahindra Bank Q2: Kotak Bank’s Q2 profit fell 2.7% to Rs 3,253 crore, while NII rose 4.1% to Rs 7,311 crore. Provisions jumped 43.5%, though Gross and Net NPAs improved slightly QoQ.
  • Dr Reddy’s Laboratories Q2: Dr Reddy’s Q2 consolidated profit rose 14.5% to Rs 1,437 crore, revenue grew 9.8% to Rs 8,805 crore, while North America business declined 13.1%, reflecting mixed regional performance.
  • SBI Life Insurance Q2: SBI Life’s Q2 profit fell 6.6% to Rs 495 crore, while net premium income surged 22.6% to Rs 24,848 crore, and net commission rose 22.2%, indicating robust premium growth.
  • Coforge Q2: Coforge posted an 86% profit jump to Rs 376 crore and 31.7% revenue growth to Rs 3,986 crore. The board declared an interim dividend of Rs 4 per share.
  • Zen Technologies Q2: Zen Technologies reported a 4.6% profit decline to Rs 59.4 crore, with revenue dropping 28.2% to Rs 173.6 crore, reflecting weaker operational performance.
  • Latent View Analytics Q2: Latent View Analytics’ Q2 profit rose 11.3% to Rs 44.4 crore, while revenue increased 23.3% to Rs 257.5 crore, showing healthy growth in data analytics services.
  • Sigachi Industries Q2: Sigachi Industries saw profit fall 50.9% to Rs 10.7 crore and revenue decline 11.5% to Rs 110.5 crore, reflecting weaker performance in the specialty chemicals segment.
  • Supreme Petrochem Q2: Supreme Petrochem’s Q2 profit plunged 46.6% to Rs 48.2 crore, with revenue dropping 26.9% to Rs 1,100 crore due to lower product demand and pricing pressures.
  • SBI Cards & Payment Services Q2: SBI Cards’ Q2 profit rose 10% to Rs 444.8 crore, with revenue up 12.2% to Rs 4,961 crore, driven by higher card usage and expanding customer base.
  • eClerx Services Q2: eClerx reported a 30.6% profit rise to Rs 183.2 crore and 20.8% revenue growth to Rs 1,004.9 crore. The board approved a buyback of 6.66 lakh shares worth Rs 300 crore at Rs 4,500 each.
  • Zydus Lifesciences Subsidiary: Zydus MedTech France acquired the remaining 14.4% of Amplitude Surgical SA, France, through a tender offer, now holding 100% of the company’s share capital.
  • TGV Sraac: TGV Sraac expects a 120 TPD caustic soda and 106 TPD chlorine production loss due to a transformer failure. Restoration is expected in 60 days, with alternative solutions being explored.
  • NCC: NCC received a Rs 6,828.94 crore Letter of Acceptance from Central Coalfields for overburden and coal extraction at Amrapali OCP, Jharkhand.
  • GPT Infraprojects: GPT Infraprojects secured a Rs 195 crore order from Terminal Industriel Polyvalent de San Pedro, Ivory Coast, for supply, installation, testing, and commissioning of a conveyor belt system.
  • Epack Prefab Technologies: Epack Prefab Technologies received a Rs 129.94 crore order from Avaada Ventures to design, fabricate, and supply a pre-engineered steel building for a glass factory in Butibori, Nagpur.
  • General Insurance Corporation of India: The Finance Ministry approved temporary entrustment of GIC Re CMD powers to Executive Director Hitesh Ramesh Chandra Joshi for three months, effective October 1.
  • Puravankara: Puravankara’s subsidiary Starworth Infrastructure received a Rs 211.53 crore Letter of Award to construct core and shell works for the SBR Global Queen’s Ville residential project.
  • PTC Industries: PTC Industries received a purchase order from DRDO’s GTRE for ready-to-fit single crystal turbine blades and vanes, strengthening its defense manufacturing portfolio.
  • Bharat Rasayan: Bharat Rasayan’s board approved a share subdivision from Rs 10 to Rs 5 face value and a 1:1 bonus equity share issue to reward shareholders.

Bulk and Block Deals

  • Thyrocare Technologies:- Promoter Docon Technologies, which held 71.06% stake in Thyrocare Technologies as of September 2025, has offloaded 53.3 lakh shares (10.06% of paid-up equity) at Rs 1,252.03 per share, amounting to Rs 667.7 crore. ICICI Prudential Mutual Fund, HSBC Mutual Fund Midcap Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Eastspring Investments India Consumer Equity Open acquired 42.1 lakh shares (7.9% stake) at Rs 1,252 per share, totaling Rs 527.2 crore.
  • Midwest:- Goldman Sachs Funds – Goldman Sachs India Equity Portfolio acquired 4.34 lakh shares (1.2% stake) in Midwest at Rs 1,152.56 per share, for a total consideration of Rs 50.05 crore.

Brokerage Recommendations

  • Citi on SBI Life: Citi gives a Buy call on SBI Life with a ₹2,550 target. Q2 VNB rose 14% YoY, with margin up 100 bps due to a shift toward high-yield products. Management remains confident despite ITC absence.
  • Jefferies on SBI Cards: Jefferies maintains a Hold on SBI Cards, raising the target to ₹1,010. Q2 PAT was 13% below estimates due to lower NIM, fee income, and higher opex. Asset quality improved, but fee pressure and modest growth persist.
  • JP Morgan on Coforge: JPMorgan Overweight on Coforge, target ₹2,500. The company delivered 14% margins, positive free cash flow at 86% of PAT, and $500mn+ deal TCV. Management expects robust H2 growth and maintains a 14% EBIT margin target for FY26.
  • Nuvama on Dr Reddy’s Labs: Nuvama gives a Buy call on DRL, target ₹1,475. Q2 revenue was in line; EBITDA and adjusted PAT beat estimates. Margins contracted due to pricing pressure in Revlimid. Focus shifts to Semaglutide filings in Canada, with Q3 margins expected weak.

Stock Trades Ex-Dividend

  • Infosys
  • L&T Technology Services
  • REC
  • 360 ONE WAM
  • Central Bank of India
  • CESC
  • CRISIL
  • PCBL Chemical
  • Tanla Platforms

Stock in the F&O ban

  • SAIL
  • Sammaan Capital

Results Today

Indus Towers, Indian Oil Corporation, Adani Energy Solutions, Bata India, Canara HSBC Life Insurance Company, Canara Robeco Asset Management Company, Chennai Petroleum Corporation, Glottis, JK Tyre & Industries, KFin Technologies, Mahindra Logistics, Mazagon Dock Shipbuilders, PNB Housing Finance, Raymond, Sona BLW Precision Forgings, SRF, Supreme Industries, Tata Investment Corporation, Tamil Nadu Newsprint & Papers, and Welspun Specialty Solutions will release their quarterly earnings today.

Written by Abhishek Singh

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