GIFT Nifty 🇮🇳: (-25, 25235)
There is good news for bulls camp…
Well, PM Narendra Modi spoke with U.S. President Donald Trump, reaffirming commitment toward advancing the India–U.S. trade pact — a development that shall strengthen investor sentiment at Dalal Street.
Earlier in the week, Commerce & Industry Minister Piyush Goyal had emphasized that both nations are in continuous dialogue, expressing confidence that the bilateral trade deal could be finalized by November.
Together, these signals could fuel renewed enthusiasm among traders betting on a sustained bullish momentum for Nifty.
Meanwhile, the street will first react to TCS Q2.
TCS, India’s largest IT services organisation, reported a 1.4% rise in consolidated net profit to Rs 12,075 crore during July-September quarter. Quarter-on-quarter analysis showed a 5.3% decrease in profit, whilst revenue grew by 3.7%. The company reported Total Contract Value (TCV) of $10 billion for the second quarter.
Bottom-line: TCS results meets streets’ expectation.
Please note, overnight INFY ADR was up around 1.5%-2%.
Amidst this backdrop, we expect bullish consolidation to be the preferred theme for the day.
Long Story Short: The only thing which could glitter brighter than Gold and Silver could well be the Nifty index – confirmation of strength only above Nifty 25250 mark.
STOCKS IN SPOTLIGHT
1) Eicher Motors (-0.33%) slipped after the company announced that its joint venture, VE Commercial Vehicles (VECV), will invest ₹544 crore to produce and assemble the Volvo Group’s globally acclaimed 12-speed automated manual transmission (AMT).
2) Tata Steel (+2.48%) gained after the company’s India crude steel production surged 7% to 5.67 million tons in Q2 FY26 compared with 5.28 million tons in Q2 FY25. The growth was driven by the normalisation of operations following the completion of the relining of the G Blast Furnace at Jamshedpur. On a half-year basis, production increased 3% YoY to 10.9 million tons.
3) Tata Elxsi (+2.07%) was seen rebounding in yesterday’s trade. Tata Elxsi reported a 7.2% sequential rise in net profit to ₹154.8 crore for the quarter ended September 2025, compared with ₹144.4 crore in the previous quarter.
Revenue grew 2.9% quarter-on-quarter to ₹918.1 crore, while EBIT increased 4.7% to ₹169.9 crore.
4) Meanwhile, LG Electronics India IPO subscribed 54.02 times. The offer received bids for 385.33 crore shares as against 7.13 crore shares on offer.
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25182): Buy at CMP. Stop at 24771. Targets 25250/25450. Aggressive targets at 25670-26000 zone.
Bank Nifty (56192): Buy at CMP. Stop at 54950. Targets 56500/56900. Aggressive targets at 57300-57700 zone.
Our chart of the day is bullish on 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 294): Buy at CMP. Stop at 269. Targets 301/313. Aggressive targets at 329. (Interweek Strategy). Rationale: Signaling 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.
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