GIFT Nifty 🇮🇳: (+32, 26055)
Welcome to the final trading day of the week — and the month.
Nifty and Sensex received massive drubbing in yesterday’s trade.
💭 The Big Question:
Will the bulls stage a comeback, or will caution continue to weigh on sentiment?
🔍 Market Mood: “Buy on Rumour, Sell on Fact” in Play
The classic market behaviour seems evident once again as:
1️⃣ The much-anticipated Xi–Trump meeting failed to spark optimism.
2️⃣ The U.S. Federal Reserve’s 25 bps rate cut also fell short of lifting market sentiment.
🌤 The Good News
Despite the muted tone, bears remain largely on the sidelines, suggesting underlying support for the market.
📊 Technical View
Confirmation of strength now only above the Nifty 26,107 mark.
Until then, expect a choppy, range-bound session with intraday volatility.
💨 The Biggest Headwind
In yesterday’s volatile session:
FIIs were net sellers to the tune of ₹3,078 crore,
While DIIs emerged as net buyers worth ₹2,469 crore.
🧾 Key Earnings on Radar — Friday, October 31:
Maruti Suzuki, Bharat Electronics, Shriram Finance, Godrej Consumer Products, ACC
Q2 Earnings trickled in:
1) Bandhan Bank Q2 Results: Net profit plunges 88% to Rs 112 crore, NII drops 12%.
2) Swiggy Q2 results: Net loss widens to Rs 1,092 crore, revenue rises 54%. Swiggy’s revenue from operations rose 54.4% YoY to Rs 5,561 crore in Q2, up from Rs 3,601 crore a year ago. It had reported a revenue of Rs 4,961 crore in the previous quarter.
3) Manappuram Finance reported a 62% decline in second-quarter net profit to ₹217.3 crore, compared with ₹572 crore a year earlier, weighed down by a fall in net interest income (NII).
4) ITC Q2 results: Net profit rises 2% to Rs 5,180 cr, revenue declines 2%; Cigarettes business grew 6.6% FMCG business grew by 7% Agri business down 31% Paper business up 5%
5) Nippon Life reported a 4.2% year-on-year (YoY) decline in net profit at ₹345 crore for the quarter ended September (Q2 FY26), compared with ₹360 crore in the same period last year.
6) Coromandel International reported a 21.3% year-on-year rise in consolidated net profit at ₹805.2 crore for the September quarter. The stock tumbled after margin narrowed at 11.9% versus 13%.
7) Cipla Ltd reported a 3.7% rise in consolidated net profit at Rs 1,353.37 crore for the second quarter ended September 30, 2025. Margin came at 25% versus 26.7%.
8) Welspun Corp Q2 net profit jumps 53% to ₹439 crore, revenue surges 33%. Welspun Corp gains as US arm bags US$715 million pipeline orders.
9) Canara Bank reported a 19% year-on-year (y-o-y) growth in its net profit, at ₹4,774 crore for Q2 FY26. However, the bank’s Net Interest Income (NII) declined by 1.87%, falling to ₹9,141 crore from ₹9,315 crore in the corresponding quarter last year.
10) Navin Fluorine International Limited posted strong Q2 results with net profit more than doubling to ₹148.37 crore, up 152% year-over-year. Revenue increased by 46% to ₹758.42 crore, while EBITDA grew 130% to ₹246.00 crore.
11) TD Power Systems Ltd reported a net profit of ₹60 crore for the second quarter, up 45.4% from ₹41.3 crore in the same period last year. Revenue for the quarter stood at ₹452.5 crore, reflecting a 47.7% increase from ₹306.4 crore in Q2 of the previous year.
12) NTPC profit falls 3.9% to Rs 5,067 crore in the second quarter of this financial year. Revenue rose by 0.2% year-on-year for the three months ended September. Margin at 28.6% versus 26.1%.
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25878): Buy at CMP. Stop at 25421. Targets 26107/26277. Aggressive targets at 26700-27000 zone.
Bank Nifty (58031): Buy at CMP. Stop at 56660. Targets 58350/58600. Aggressive targets at 59100-59500 zone.
Our chart of the day is bullish on LTIM, POLYCAB, LAURUS LAB, L&T FINANCIAL, HUDCO and CANARA BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy LTIM (CMP 5699): Buy at CMP. Stop at 5537. Targets 5801/5921. Aggressive targets at 6096. (Interweek Strategy). Rationale: Technically, the stock is signalling a massive rebound on the upside from higher consolidation zone. Major hurdles only at 5801. Key interweek support 5571. Above 5801, major hurdles only at 6096 mark. 200-DMA at 5526.
Disclaimer/ Disclosure: The investments & trading ideas recomended 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 by after consulting with registered market intermediaries.