Nifty 50 opened at 26,057.20, up by 159.10 points ( 0.50%). Bank Nifty opened at 58,314.10 increased by 258.10 points (0.44%). Sensex opened at 85,154.15, up 599.45 points (0.71%). GIFT Nifty is currently trading at 26,152.50.
Global index as of October 23, 2025
- DOW 30 closed at 46,590.41, down by 334.33 points (0.71%).
- S&P 500 closed at 6,699.40, down by 35.95 points (0.53%).
- NASDAQ decreased by 213.27 points (0.93%), closing at 22,740.40.
- FTSE 100 increased by 88.01 points (0.93%) to settle at 9,515.00.
- DAX decreased by 178.90 points (0.74%), ending at 24,151.13.
- NIKKEI 225 decreased 643.05 points (1.30%) to trade at 48,664.74.
Commodities Update
- Gold: Currently trading at Rs. 122,850 per 10 grams.
- Silver: up by 0.78%, now at Rs 146,701 per kilo.
- Crude Oil: Prices up by 1.21%, reaching USD 63.695, compared to the previous close.
Global events/updates
- Oil prices surged 3% after the Trump administration imposed new sanctions on Russia’s two biggest oil firms, citing Moscow’s failure to show “serious commitment” to ending the Ukraine war.
- The move tightened global supply concerns, boosting crude markets as traders anticipated potential disruptions in Russian exports amid heightened geopolitical tensions.
- India and the U.S. are reportedly close to finalizing a trade deal, with Washington expected to reduce tariffs on Indian exports from 50% to around 15–16%. In return, India may gradually cut its purchases of Russian oil. The move aims to strengthen economic ties and balance geopolitical interests between the two nations.
- Meta is laying off around 600 employees from its AI unit to streamline operations and strengthen leadership under Wang. The cuts do not affect TBD Labs, which houses top-tier AI talent recruited this year. The move reflects Meta’s effort to focus resources, optimize its AI strategy, and consolidate Wang’s influence over the company’s artificial intelligence direction.
- The Bank of Korea kept its key interest rate at 2.5%, maintaining a pause since May. New property restrictions in Seoul and Gyeonggi Province aim to control rising housing prices. Meanwhile, delays in a $350 billion trade deal with the U.S. add uncertainty ahead of the upcoming APEC Summit, highlighting economic and policy challenges for the country.
- Tesla shares fell after a weak earnings report and a lack of guidance on EV demand. CEO Elon Musk focused on the company’s Robotaxi and Optimus projects, claiming Optimus could become an “incredible surgeon” and help end poverty, but did not address core automotive business concerns, leaving investors uncertain about Tesla’s immediate growth prospects.
Also Read: How Many Trades Should You Take in a Day? A Lesson for Retail Trader’s
Stocks to watch
- Manali Petrochemicals: AMCHEM, a subsidiary of Manali Petrochemicals, has signed a share purchase agreement with Coim S.p.A. to sell its entire stake in Notedome Ltd, UK, marking a strategic divestment as the company refocuses its global portfolio.
- Ola Electric Mobility: Ola Electric clarified recent media reports, confirming that no chargesheet has been filed against the company and that it is fully cooperating with the ongoing investigation, aiming to maintain transparency and reassure investors and stakeholders.
- Dr Reddy’s Laboratories: Dr Reddy’s Laboratories received an Establishment Inspection Report (EIR) from the US FDA for its Andhra Pradesh facility, classified as ‘Voluntary Action Indicated,’ signaling minor compliance observations without immediate enforcement actions.
- Federal Bank: Federal Bank stated that no board decision has been made regarding a preferential issue for a 9.99% stake, clarifying market speculation and maintaining that any such step would require formal approval.
- Expleo Solutions: Expleo Solutions approved the closure of its Competence Centre in Coimbatore. The company will announce the exact closure date later, part of a broader effort to optimize operations and realign resources.
- LTIMindtree: Nachiket Deshpande, Whole-Time Director and President of LTIMindtree, has resigned, effective October 31, 2025, marking a leadership transition within the company.
- Gulshan Polyols: Gulshan Polyols secured an order worth Rs 1,185 crore to supply ethanol to Indian Oil Marketing Companies under the Ethanol Blended Petrol Program, supporting renewable energy initiatives and government blending targets.
- Lloyds Metals and Energy: Lloyds Metals approved allotment of 19.6 lakh shares at Rs 1,460.5 each to Adler Industrial Services, raising Rs 286 crore to fund expansion and strengthen its balance sheet.
- Filatex India: Filatex India, along with Revti Business and Wastewear, signed an MoU to collaborate on textile recycling, product innovation, and sustainable manufacturing practices, advancing circular economy initiatives in the textile sector.
- Rubicon Research: Rubicon Research’s subsidiary, Advagen Holdings, agreed to acquire Series Prime Preferred Stock from GEn1E Lifesciences Inc. in tranches, for up to $3 million, strengthening its investment portfolio in the biotechnology sector.
- Jain Resource Recycling Q2 (YoY): Jain Resource Recycling reported Q2 profits rising 77.7% to Rs 99.2 crore, with revenue up 51.8% to Rs 2,113.7 crore. The company also signed a JV with C&Y Group for a recycling and manufacturing facility in Gujarat.
- Epack Prefab Technologies Q2 (YoY): Epack Prefab Technologies’ Q2 profit surged 104.2% to Rs 29.5 crore, with revenue climbing 61.9% to Rs 433.9 crore, reflecting strong operational performance and market demand in the prefabricated construction sector.
- Bharat Electronics: Bharat Electronics received a Rs 633 crore order from Cochin Shipyard to supply components for sensors, weapon systems, fire control, and communication equipment, supporting defense and maritime infrastructure projects.
- Kirloskar Ferrous Industries: Kirloskar Ferrous Industries secured a Rs 358 crore contract from ONGC to supply EUE tubing, pup joints, and crossovers, strengthening its presence in the oil and gas sector.
- HCL Technologies: HCL Technologies entered a strategic partnership with UAE-based DIB, the largest Islamic bank, to accelerate AI adoption across the bank’s ecosystem, supporting digital transformation initiatives in financial services.
- Fusion Finance: Fusion Finance received IRDAI registration as a Corporate Agent (Composite), allowing it to solicit and distribute insurance products, expanding its offerings and strengthening its position in the Indian insurance market.
- Zaggle Prepaid Ocean Services: Zaggle Prepaid Ocean Services signed a five-year agreement with Megha City Gas Distribution to provide its Zaggle Fleet Program, offering digital solutions and payment services for fleet management.
- Nectar Lifesciences: Nectar Lifesciences fully repaid secured debt of Rs 1,338.35 crore, clearing the consortium charge on all assets, improving its balance sheet and financial flexibility.
- Bharti Airtel: Shivan Bhargava resigned as Director – Customer Experience at Bharti Airtel and will exit senior management in 3–4 months, marking a change in the company’s leadership team.
- NMDC: NMDC revised iron ore prices effective October 22, with Baila Lump (65.5%) at Rs 5,550 per tonne and Baila Fines (64%) at Rs 4,750 per tonne, reflecting market demand and production costs.
- Filatex India (MoU): Filatex India signed an MoU with Revti Business and Wastewear to collaborate on textile waste recycling, product innovation, and co-branding initiatives, advancing sustainable practices and circular economy efforts.
- United Breweries: United Breweries reported mid-single-digit organic revenue growth in India for Q3CY25, while beer volumes fell slightly due to a strong monsoon. Price-mix improved through portfolio and pricing strategies, with premium segment volumes, led by Kingfisher Ultra Max and Amstel Grande, growing in the low teens.
Bulk and Block Deals
- Shilchar Technologies: Alchemy Emerging Leaders of Tomorrow, a Category III AIF by Alchemy Capital, bought 90,000 shares (0.78% stake) in Shilchar Technologies at Rs 4,347.43 per share, investing Rs 39.1 crore. Meanwhile, promoter Alay Jitendra Shah sold 1.17 lakh shares (1.02% stake) for Rs 50.89 crore.
- Silicon Rental Solutions: Ovata Equity Strategies Master Fund, managed by Hong Kong’s Ovata Capital, sold 1.38 lakh shares (1.2% stake) in Silicon Rental Solutions at Rs 191.11 per share, raising Rs 2.64 crore. The fund previously held 1.9 lakh shares (1.67% stake) as of September 2025.
Brokerage Recommendations
- UBS on Titan: UBS upgraded Titan to Buy from Neutral, raising the target price to Rs 4,700 from Rs 3,600. The brokerage views the stock as a structural winner, sees manageable lab-grown diamond threats, and expects earnings recovery to lift valuation multiples toward the five-year average.
- Morgan Stanley on Urban Company: Morgan Stanley initiated coverage of Urban Company with an Underweight rating and Rs 117 target. While growth is steady and supported by a large market, competitive moats, and strong leadership, high churn and supply constraints may limit near-term upside, despite healthy long-term India consumer services growth.
- Nomura on Tata Steel: Nomura began coverage of Tata Steel with a Buy rating and Rs 215 target, citing strong growth in India, a European turnaround, favourable macro conditions, and potential for sustainable margins. The company is expected to maintain its cost advantage in steel production.
- Morgan Stanley on Maruti Suzuki India: Morgan Stanley maintained Overweight for Maruti Suzuki India with an Rs 18,360 target. Recovery among first-time buyers, rural demand, new SUV launches, and rising EV exports are expected to boost market share, margins, and pricing, supporting growth through Q3 and Q4 2025.
Stock Trades Ex-Dividend
- ICICI Lombard General Insurance Company
- Ksolves India
- Uniparts India
Stock in the F&O ban
- Sammaan Capital
Results Today
Hindustan Unilever, Colgate Palmolive (India), Laurus Labs, PTC India Financial Services, Tata Teleservices (Maharashtra), Fabtech Technologies, Jumbo Bag, Andhra Cements, Sagar Cements, South India Paper Mills, and Vardhman Textiles will release their quarterly earnings today.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Market Opening Bell: Sensex opens at 85,154; Nifty at 26,057-Bharat Electronics and Epack Prefab Tech in focus today appeared first on Trade Brains.