Nifty 50 closed at 25,888.90, up by 20.30 points (0.078%). Bank Nifty closed at 57,980.40, down by 26.80 points (0.046%). Sensex closed at 84,556.40, up by 130.05 points (0.15%).
BSE Midcap index down marginally, while the smallcap index shed 0.4%. Infosys, HCL Technologies, TCS, Shriram Finance, Axis Bank were among the top gainers on the Nifty, while losers were Eternal, Interglobe Aviation, Bharti Airtel, Tata Consumer, Eicher Motors. On the sectoral front, IT index rose 2%, the Private Bank index up 0.5%, while the oil & gas index down 0.6%.
US Markets
- Dow Jones Futures plummeted by 110.00 points, up by 0.24%, currently trading at 46,670.00 as of October 23, 2025.
European Markets
- FTSE (UK) increased by 45.07 points, up by 45.07%, standing at 9,560.26.
- CAC (France) increased by 21.24 points, up by 0.26%, at 8,228.35.
- DAX (Germany) down by 84.45 points, down by 0.34%, at 24,065.17.
Global events/updates:
- The U.S. sanctions on Russia’s top oil producers, Rosneft and Lukoil, could disrupt Asia’s oil supply, affecting countries like China and India. Together, these companies export around 2 million barrels daily, which have consistently flowed to Asian markets despite the West’s $60 price cap introduced in 2022. This move may tighten regional crude availability and raise prices.
- Kering shares jumped 9% after Gucci, its largest brand, showed a notable recovery, narrowing sales declines at both the brand and group levels. The company also agreed to sell its beauty unit to L’Oreal for $4.7 billion. Despite clear sequential improvement in Q3 earnings, CEO Luca de Meo noted results still lag behind overall market performance.
- The EU introduced new sanctions on Russia, including a ban on LNG imports, following U.S. sanctions on Russia’s top two oil companies under President Trump’s major policy shift. These measures aim to pressure Russia’s energy sector. The news pushed oil prices up over 3% Thursday morning, continuing the gains from the previous trading session.
- The U.S. is considering restricting exports to China of products using American software, including laptops and jet engines. Treasury Secretary Scott Bessent confirmed these measures are under consideration. He is scheduled to meet Chinese Vice Premier He Lifeng in Malaysia later this week to discuss trade, signaling ongoing tensions and potential tighter U.S. controls on technology-linked exports.
- Amid a federal shutdown, the U.S. national debt surpassed $38 trillion, rising fastest outside the COVID-19 era. Experts warn that this growth could fuel inflation, higher borrowing costs, and reduced future investments, affecting Americans’ purchasing power and homeownership. The Trump administration cites spending cuts and revenue gains, but interest costs are set to surge, crowding out crucial public and private investments.
Stock news
- Kakatiya Cement Sugar & Industries Ltd – 4.3% Up
The company secured temporary approval from the Andhra Pradesh High Court and Forest Department to mine and transport 69,000 MT of limestone until November 19, 2025, ensuring uninterrupted raw material supply and preventing any operational downtime at its cement plant.
- Pace Digitek Ltd – 2% Up
Pace Digitek received a Rs 1,159.31 crore order from SECI to design, supply, integrate, test, commission, and maintain a 600 MW / 1200 MWh Battery Energy Storage System for 10 years, including full control, safety, and performance systems.
- Highway Infrastructure – 2% Up
The company won a Rs 12 crore NHAI order to operate and collect user fees at the Fee Plaza on NH-752D in Madhya Pradesh, supporting toll management operations and reinforcing its presence in national highway infrastructure projects.
- Titan Intech – 5% Up
Titan Intech signed a USD 1.53 million MoU with a Korean firm to jointly develop LED, Mini-LED, and LCD technologies. The deal grants Titan exclusive manufacturing rights in India, boosting its “Make in India” initiative for professional and smart display systems.
- Muthoot Finance Ltd – 4% Down | Manappuram Finance Ltd – 2% Down
Gold prices fell near $4,000 per ounce after three consecutive days, reducing demand and margins for gold-backed loans. With festival season ending, lower physical demand and market sentiment drove further selling pressure on gold financing companies like Muthoot and Manappuram.
- Birlasoft – 10% Up
Birlasoft shares surged over 10% with heavy volumes, breaking key 50-day and 100-day moving averages. Positive momentum may mark the first monthly gain after three months of losses, aided by clarifications from the Trump administration on H-1B visa rules.
- Hindustan Unilever Ltd – 3% Up
HUL announced Q2 revenue of Rs 16,034 crore (+2.1% QoQ), profit of Rs 2,698 crore (+4.1% QoQ), and a Rs 19 interim dividend. Growth is expected to improve post-GST disruptions, with steady EBITDA margins supporting investments and competitive, volume-led business expansion.
- C2C Advanced Systems – 5% Up
C2C Advanced Systems’ board approved a Rs 21.6 crore preferential issue of shares and warrants, allotting 3.27 lakh shares and 1.79 lakh warrants to non-promoter investors at Rs 581 each, raising capital to fund business growth and expansion initiatives.
- Garuda Construction & Engineering Ltd – 9% Up
The company received a ₹231 crore order to build a 6.17 lakh sq. ft. rehabilitation building in Chandivali, Mumbai, over three years, boosting its order book to ₹3,460.78 crore and strengthening its position in the construction and real estate sector.
- Jain Resource Recycling Ltd – 9% Up
Jain Resource Q2 sales rose 53% YoY and profit 81% YoY. The company formed a JV with C&Y Group in Gujarat and acquired 70% of Jain Ikon Global Ventures to expand gold and silver refining.
- Stove Kraft Ltd – 2.5% Up
Stove Kraft, maker of Pigeon, Gilma, and BLACK+DECKER, plans to expand to 500 exclusive stores by April 2027, targeting metro and smaller cities in North and West India. The company expects 15% YoY growth over three years while strengthening manufacturing capabilities.
Brokerage Recommendations
Sunteck Realty
- Target Price:- Rs 574 apiece
- Upside:- 32.62% By Motilal Oswal
JSW Energy
- Target Price:- Rs 705 apiece
- Upside:- 32.36% By Axis Direct
Bharat Dynamics
- Target Price:- Rs 1,965 apiece
- Upside:- 29.06% By Choice Equity Broking Private Ltd
Associated Alcohols & Breweries
- Target Price:- Rs 1,300 apiece
- Upside:- 24.12% By Choice Equity Broking Private Ltd
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| Vardhman Textiles (8%) | Godfrey Phillips (-7%) |
| Birlasoft (7.31%) | Tata Investment (-5.37%) |
| Shipping Corporation (7.17%) | Poonawalla Fincorp (-5%) |
| Vodafone Idea (6%) | GE Vernova T&D India Ltd.(-5) |
| KPR Mill (6%) | Ather Energy (-4.41%) |
Conclusion:- Indian markets ended mixed with modest gains in the Nifty and Sensex, led by IT and private banks, while smallcaps and select sectors lagged. Global cues were volatile as U.S. and EU sanctions on Russia, and potential U.S.-China tech restrictions, influenced investor sentiment. Domestic stocks like Birlasoft, Vardhman Textiles, and Titan Intech showed strong momentum, while gold financiers and select blue-chips faced pressure. Overall, cautious optimism prevailed amid geopolitical and economic uncertainties.
Written by Abhishek Singh
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The post Closing Bell: Birlasoft, Vardhman Textiles among top gainers as Nifty Closes at 25,888; Sensex jumps 130 Points appeared first on Trade Brains.