By Soumya Ranjan Here is a brief overview of equities that are probably going to be the focus of today’s trading.
Stock market today: The Indian benchmark indices, the Sensex and Nifty, ended a six-day winning run on Friday due to profit booking at higher levels, worries about trade talks, and an increase in the price of crude oil. The biggest underperformers were banking equities, with HDFC Bank responsible for over half of the drop.
The Nifty 50 fell 96 points, or 0.37%, to close at 25,795.15, while the Sensex closed 344.52 points, or 0.41%, lower at 84,211.88.
“Friday’s market fall continued, with the Nifty closing at about 25,795, down almost 0.4%. Following a flat start, widespread selling put pressure on the index throughout the session. Sectorally, the majority of indices followed the benchmark; the biggest losers were FMCG, banking, and pharmaceuticals; metals, on the other hand, gained more than 1%. Weak market breadth resulted from the broader indices ending in the red as well.
Sentiment was negatively impacted by FMCG majors’ post-earnings falls and heavyweights’ ongoing profit booking following the recent surge. Risk appetite was further reduced by the volatility of international tech equities and the uncertainty surrounding impending U.S. inflation data, according to Ajit Mishra, SVP, Research at Religare Broking Ltd.
Here is a brief overview of equities that are probably going to be the focus of today’s trading.
Stocks to Watch
Indus Towers, Indian Oil Corporation, Adani Energy Solutions, KFin Technologies,
As businesses announce their Q2 results today, shares of Indus Towers, Indian Oil Corporation, Adani Energy Solutions, KFin Technologies, and Mazagon Dock Shipbuilders will continue to be of interest.
Ola Electric
Plans to finance ₹1,500 crore by a variety of methods, such as issuing equity shares, convertible securities, a rights issue, QIP, private placement, or any other legally authorized method, have been approved by the company’s board. Nonetheless, the stock is still trading below its ₹76 IPO price.
Dr Reddy’s Lab
The pharmaceutical behemoth with headquarters in Hyderabad reported a net profit of ₹1,347 crore for the September quarter (Q2 FY26), up 7.3% from ₹1,256 crore in the same period last year.
General Insurance Corporation of India
Hitesh Ramesh Chandra Joshi, who is now the Executive Director of GIC Re, has been given permission by the Ministry of Finance to take over the financial and administrative duties and responsibilities of the company’s Chairman-cum-Managing Director (CMD) for a period of three months beginning on October 1.
Reliance Industries
The business stated that it is evaluating how the new regulations imposed by the US, UK, and EU will affect the export of refined goods to Europe and the import of Russian crude oil.
Kotak Mahindra Bank
While the bank’s net profit decreased 3% from the same quarter previous year to ₹3,253 crore, its net interest income increased 4% year over year to ₹7,311 crore.
Coforge
The company’s revenue growth met expectations at 5.9%, while its EBIT margin improved by 80 basis points to 14%, surpassing projections
RailTel
According to the firm, a work order for ₹209.78 crore was canceled by the Bihar Education Project Council (BEPC). The State Project Director, BEPC, had first given the order to carry out the “Education Quality Enhancement Project” in Bihar as part of the PM-SHRI project.
NTPC
PSU Engineers India Ltd (EIL) and NTPC India’s largest integrated power provider have reached a deal to establish a coal-to-synthetic natural gas (SNG) plant.
Indian Oil Corporation
Commissioner of Income-tax (Appeals) has partially upheld the company’s appeal, providing relief of ₹1,102.91 crore from the disputed tax and interest demand of ₹1,194.07 crore.
Disclaimer: This narrative is solely intended for educational reasons. The opinions and suggestions expressed above are not those of the Times of Dalal Street, but rather those of specific analysts or broking firms. Before making any financial decisions, we suggest investors to consult with qualified specialists.