GIFT Nifty 🇮🇳: (+217, 25973)

Bullish euphoria and an early Diwali party is quite likely at Dalal Street.

Festive Cheer for Nifty Bulls. The 3-Positive Catalysts:

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

2) Global tailwinds, especially strong Wall Street cues.

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

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

Helping sentiments will also be:

1) Comments from Fed Chair Powell who has reinforced expectations for an October rate cut and hinted at a possible pause in balance sheet runoff.

2) Fading trade war fears

3) WTI crude oil futures stayed depressed near $58.60 per barrel, near its five-month low as investors weighed escalating US-China tensions and a bearish outlook from the International Energy Agency.

Key Q2 Earnings on radar:

• Thursday, October 16 – Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.

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

Long story short: Make Hay while the Sun Shines! Festive Spirit on Dalal Street Quite Likely!

STOCKS IN SPOTLIGHT

Here are 5-stocks which reported Q2 post Friday’s closing:

1) Reliance delivers robust Q2. RIL Q2FY26 results: Net profit rose 14% to ₹22,092 crore, revenue up 10%

2) HDFC Bank Q2 net profit rises 11% YoY to Rs 18,641 crore; asset quality improves, comfortably surpassed Street estimates. Asset quality improved on a yearly basis.

3) ICICI Bank Q2 net profit rose to Rs 12,359 crore, beating street estimates, driven by lower provisions and strong core performance.

4) UltraTech Cement’s Q2 net profit jumps 75% on-year to Rs 1,232 crore, announces Rs 10,255 crore for capacity expansion

5) PNB reported a 14% year-on-year rise in net profit for the September quarter, supported by steady business growth, improved asset quality, and robust digital adoption. PNB’s net profit rose to ₹4,904 crore, up from ₹4,304 crore in the year-ago period.

The earnings calendar promises to be eventful. Key Earnings on radar this week:

Thursday, October 23 – HUL, COLPAL, LARUS LAB

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,

Saturday, October 25 – KOTAK MAHINDRA BANK

Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25324): Buy at CMP. Stop at 24971. Targets 25500/25670. Aggressive targets at 26277-26700 zone.

Bank Nifty (56800): Buy at CMP. Stop at 55745. Targets 57100/57630. Aggressive targets at 58100-58500 zone.

Our chart of the day is bullish on BAJAJ FINANCE, HUDCO, DLF, and HAL on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy MANAPPURAM (CMP 289): Buy at CMP. Stop at 269. Targets 301/313. Aggressive targets at 329. (Interweek Strategy). Rationale: Signalling a massive breakout on the upside. Aiming to enjoy strong session after recent outperformance. Key interweek support 274. Major hurdles only at 301 mark. 200-DMA at 238.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

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.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

GIFT Nifty 🇮🇳: (+60, 25463)

Bullish euphoria and an early Diwali party is quite likely at Dalal Street.

Festive Cheer for Nifty Bulls. The 3-Positive Catalysts:

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

2) Global tailwinds, especially strong Wall Street cues.

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

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

Helping sentiments will also be:

1) Comments from Fed Chair Powell who has reinforced expectations for an October rate cut and hinted at a possible pause in balance sheet runoff.

2) Fading trade war fears

3) WTI crude oil futures stayed depressed near $58.60 per barrel, near its five-month low as investors weighed escalating US-China tensions and a bearish outlook from the International Energy Agency.

Key Q2 Earnings on radar:

• Thursday, October 16 – Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.

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

Long story short: Make Hay while the Sun Shines! Festive Spirit on Dalal Street Quite Likely!

STOCKS IN SPOTLIGHT

1) HDFC Life was up 2.37% in yesterday’s trade after its Q2 Consolidated PAT Rose 3% YoY to ₹448 Crore; Net Premium Income Grew 14%

2) HDFC AMC (+3.04%) after the firm announced its first-ever 1:1 bonus issue, alongside a strong set of Q2 results. Net profit surged 24.6% YoY to ₹718.43 crore for Q2 FY26, compared to ₹576.61 crore in the year-ago period.

3) Persistent Systems (+7.24%) rallied after its Q2 results beat Street estimates. Robust growth in its key BFSI and healthcare verticals led +4.4% CC revenue growth QoQ (vs Est: +3.9% QoQ). And the cherry on top: Persistent also reported its highest-ever total contract value at $609 million; +15% YoY.

Key Earnings on radar:

• Thursday, October 16 – Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.

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

Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25324): Buy at CMP. Stop at 24971. Targets 25500/25670. Aggressive targets at 26277-26700 zone.

Bank Nifty (56800): Buy at CMP. Stop at 55745. Targets 57100/57630. Aggressive targets at 58100-58500 zone.

Our chart of the day is bullish on BAJAJ FINANCE, HUDCO, DLF, and HAL on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy MANAPPURAM (CMP 289): Buy at CMP. Stop at 269. Targets 301/313. Aggressive targets at 329. (Interweek Strategy). Rationale: Signalling a massive breakout on the upside. Aiming to enjoy strong session after recent outperformance. Key interweek support 274. Major hurdles only at 301 mark. 200-DMA at 238.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.