Nifty wavers and struggles for direction after a positive start. Profit booking blamed. HUL drops 3% post Q2.
Nifty (-79, 25811)
Sensex (-275, 84281)
Bank Nifty (-243, 57835)
Nifty (CMP: 25811)
SUPPORT: 25771/25551
RESISTANCE: 26100/26277
TRADING RANGE (25750-26000)
BIAS: Positive
SECTOR GAINER:
NIFTY METAL (+1.44%)
NIFTY DEFENCE (+0.34%)
NIFTY REALITY (+0.13%)
SECTOR LOSER:
NIFTY FMCG (-1.34%)
NIFTY HEALTHCARE (-0.66%)
NIFTY MEDIA (-0.63%)
STOCKS IN SPOTLIGHT:
1) Federal Bank (+0.63%) gains after board approves capital raise proposal worth Rs 6,196.51 crore. The bank’s board approved a proposal to grant 27.29 crore warrants at a price of Rs 227 apiece to Asia II Topco XIII, amounting to a total cash consideration of Rs 6,196.51 crore.
2) Cipla tumbled 2.81% after the company announced that it has entered into an agreement with Eli Lilly to distribute tirzepatide in India under the brand name Yurpeak. The drug, indicated for the treatment of type 2 diabetes and obesity, will be priced at par with Eli Lilly’s Mounjaro.
3) Hindustan Unilever Ltd (HUL) plunged 3.21% after the firm posted a 4% year-on-year rise in consolidated net profit for Q2 FY26 to Rs 2,694 crore, but aided by a one-off tax gain.
KEY THEMES FOR THE DAY:
1) Keeping upside capped will be the 3-Negative Catalysts:
a) Oil prices spiked to $61.50 a barrel after President Trump imposed sanctions on Russia’s top oil majors, Rosneft and Lukoil.
b) Trade tensions resurfaced, following reports that the White House is considering restrictions on U.S. software exports to China.
c) In yesterday’s volatile session, FIIs turned out to be net sellers to the tune of Rupees 1166 Crores.
The earnings calendar promises to be eventful. Key Earnings on radar this week:
Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,
Saturday, October 25 – KOTAK MAHINDRA BANK
Top Index Gainers:
HINDALCO (+3.75%)
ONGC (+1.71%)
SHRIRAM FINANCE (+1.25%)
ICICI BANK (+1.15%)
TATA STEEL (1.13%)
Top Index Losers:
HUL (-3.42%)
CIPLA (-2.88%)
KOTAK BANK (-2.39%)
MAX HEALTH (-1.72%)
ADANI PORTS (-1.25%)
# 10:45 AM GLOBAL UPDATE:
Dow Futures: (+53, 46788)
Nasdaq 100 Futures (+83, 25181)
Nikkei (+677, 49315)
Hang Seng (+212, 26180)
Dollar Index (+0.11%, 99.03)
WTI OIL (-0.64%, 61.39)
Gold (-7, 4118)
Securities in Ban for Trade Date: Friday, October 24th 2025*
NIL
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