GIFT Nifty 🇮🇳: (+54, 26144)
Volatility was a hallmark of yesterday’s trade but the positive takeaway was that constructive FIIs buying was witnessed.
In yesterday’s volatile session, FIIs turned out to be net buyers to the tune of Rs 10340 Crores
A wave of positivity is likely to welcome investors on the 1st trading day of November F&O series.
All bullish eyes set on Nifty’s all-time peak at 26,277.35, which is likely to be sooner rather than later.
NIFTY (CMP 25936): Biggest interweek support for Nifty is now placed at 25701 on closing basis.
The 2-positive catalysts:
1) Hopes of a Fed rate cut to be wired on Wednesday, October 29th.
2) Hopes of a breakthrough in the US-China trade standoff.
Key Earnings to watch this week:
Wednesday, October 29: Larsen & Toubro, Coal India, HPCL, United Breweries
Thursday, October 30: ITC, PIDILITE, CIPLA, CANARA BANK, DABUR INDIA
Nifty Outlook: Bullish sentiment likely to stay alive, with all eyes on Nifty’s all-time high of 26,277.35 with an interweek perspective.
STOCKS IN SPOTLIGHT:
1) TTK Prestige (+10.7%) zoomed after the company reported 22.25% YoY growth in its net profit at Rs 94.22 crore, while revenue soared 11% for the quarter ended on September 30, 2025. Ebitda margins improved to 11.56% for the quarter.
2) CarTrade Tech (+17.63%) spiked, scaling a new 52-week high. After its net profit more than doubled on yearly basis to Rs 60 crore, while revenue increased 25% YoY to Rs 193 crore for the quarter. Margins improved sharply to 32.88% for the reported period.
3) TVS Motor Company reported a 42% jump in consolidated net profit at ₹795.48 crore for second quarter of the financial year 2025-26 (Q2F26), from ₹560.49 crore in the same period last year. Sequentially, the profit grew 30 per cent from ₹610.04 crore.
4) Jk Tyre rallied 3.61% after the company’s consolidated net profit jumped 64% to Rs 221.40 crore on a 10.8% increase in net sales to Rs 4,011.31 crore in Q2 FY26 over Q2 FY25.
The earnings calendar promises to be eventful. Key Earnings on radar this week:
Wednesday (October 29): Larsen & Toubro, Coal India, HPCL, and United Breweries.
Thursday (October 30): ITC, Pidilite Industries, Cipla, Canara Bank, and Dabur India.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25936): Buy at CMP. Stop at 25621. Targets 26100/26277. Aggressive targets at 26700-27000 zone.
Bank Nifty (58214): Buy at CMP. Stop at 56660. Targets 58550/58900. Aggressive targets at 59100-59500 zone.
Our chart of the day is bullish on LAURUS LAB, L&T FINANCIAL and CANARA BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy LAURUS LAB (CMP 960): Buy at CMP. Stop at 927. Targets 977/989. Aggressive targets at 1013. (Interweek Strategy). Rationale: Laurus reported a strong Q2 FY26 performance, with consolidated net profit soaring multifold to ₹194.97 crore, compared with ₹19.78 crore in Q2 FY25. Key interweek support 893. Major hurdles only at 977 mark. 200-DMA at 709.
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.