GIFT Nifty 🇮🇳: (-36, 25607)

The 3-Positive Catalysts:

1) FII Inflows Turnaround.

2) Fed’s rate cuts bets are likely to overshadow near-term trade concerns.

3) The IMF’s upward revision of India’s FY26 GDP growth forecast to 6.6%.

4) WTI crude oil futures stayed depressed near $57.350 per barrel, near its five-month low as investors weighed escalating US-China tensions and a bearish outlook from the International Energy Agency.

Technically speaking, aggressive interweek targets placed at 25,670 (High as on June 30, 2025) — as bullish momentum looks poised to extend.

Meanwhile, the Negative Catalysts:

1) Sentiments remain wary of new tariffs and trade war talks from the White House.
2) The U.S. government shutdown.
3) Hurting sentiments were the US Bank Worries which Sparked Flight to Safety.

Bottom-line: A bullish consolidation day is quite likely.

Key Q2 Earnings on radar:

• Friday, October 17 – Reliance Industries, the centerpiece of the earnings season.

STOCKS IN SPOTLIGHT

1) Shares of One 97 Communications, the parent company of Paytm, hit a 52-week high of ₹1,305, gaining 2 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes. The stock price of the fintech company surpassed its previous high of ₹1,296.70 touched on September 4, 2025.

2) Shares of Ola Electric Mobility (Ola Electric), India’s largest electric vehicle company, were buzzing in trade on Thursday, October 16, 2025, with the stock rising up to 5% hitting its upper price band of ₹55.20 per share.

3) Nestle India reported a 17.4 per cent year-on-year drop in net profit to ₹743.2 crore in the July-September quarter, as the same quarter last year included an exceptional item. The company had posted a net profit of ₹899.5 crore in the year-ago period.

4) Wipro reported a marginal rise in net profit for the July–September quarter (Q2) of 2025–26 (FY26). Net profit for the quarter stood at ₹3,246 crore, up 1.15 per cent compared to ₹3,208.8 crore in the same quarter last year. On a sequential basis, profit declined 2.5 per cent.

5) Infosys raised the lower end of its annual revenue guidance and reported a 13.2 per cent year-on-year (Y-o-Y) rise in second-quarter net profit to ₹7,364 crore, buoyed by a robust large-deal pipeline and broad-based growth across verticals despite an uncertain macroeconomic backdrop.

6) LTIMindtree’s net profit rose 10.4 per cent to ₹1,381.2 crore for the second quarter (Q2FY26). Revenue was up 10.2 percent to ₹10,394.3 crore.

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