The Market Outlook

📊MARKET DATA | FIIs & DIIs 🔴DIIs net sold shares worth ₹3,661.28 crore on October 16. 🟢FIIs net bought shares worth ₹1,165.92 crore on October 16.

Zelenskyy Expects US-Ukraine Talks Soon, Says Starlink Speeds Still Not Fully Restored Ukrainian President Volodymyr Zelenskyy expects US and Ukrainian negotiators to agree on a meeting soon. He also said Ukraine is not using Starlink to conduct strikes inside Russia, while satellite service speeds have improved but have yet to return fully to previous levels. ₹228 → ₹7.9. That’s what 1 GB of data cost India before and after Jio. 🤯📱 One company changed how 140 crore Indians use the internet. Check out more interesting statistics India’s Forex Reserves Fall $8.57 Billion To $726.02 Billion India’s foreign exchange reserves declined by $8.57 billion in the week ended October 9 to $726.02 billion. Foreign currency assets fell by $7.14 billion to $597.60 billion during the same period.Zelenskyy Expects US-Ukraine Talks Soon, Says Starlink Speeds Still Not Fully Restored Ukrainian President Volodymyr Zelenskyy expects US and Ukrainian negotiators to agree on a meeting soon. He also said Ukraine is not using Starlink to conduct strikes inside Russia, while satellite service speeds have improved but have yet to return fully to previous levels. ₹228 → ₹7.9. That’s what 1 GB of data cost India before and after Jio. 🤯📱 One company changed how 140 crore Indians use the internet. Check out more interesting statistics India’s Forex Reserves Fall $8.57 Billion To $726.02 Billion India’s foreign exchange reserves declined by $8.57 billion in the week ended October 9 to $726.02 billion. Foreign currency assets fell by $7.14 billion to $597.60 billion during the same period.

DLF reports Q2 earnings: Profit rises 10.3% YoY to ₹1,301 crore, while revenue declines 23.3% to ₹1,260 crore. EBITDA plunges 91.9% to ₹23 crore, with EBITDA margin contracting to 1.83% from 17.22%.

Dalal Street extends its winning streak for a second week, with the Sensex gaining nearly 2,100 points and Nifty IT surging 11.8%. Auto stocks also accelerate, while small-caps lag the broader market rally

Market closes higher, led by gains in IT and metal stocks Nifty 50 closed at 23,146.15 BSE Sensex closed at 74,729.27 while the broader Nifty 500 closed at 22,270.05 . Market breadth is in the green. Of the 2,846 stocks traded today, 1,533 were on the uptick, and 1,239 were down. Indian indices closed higher, led by gains in IT and metal stocks. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 14.1 points. Jewellery stocks such as PC Jeweller, Thangamayil Jewellery and Senco Gold rose sharply after around 17 mutual fund houses temporarily halted subscriptions to gold ETF Fund of Funds following a regulatory nudge from the SEBI. Nifty Midcap 100 and Nifty Smallcap 100 closed flat. Nifty IT and BSE IT Sector were among the top index gainers today. According to Trendlyne’s Sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 3.1%. Asian indices closed mixed, while European indices are trading higher, except for UK’s FTSE 100 index. US index futures traded mixed. US Central Command rejected three Iranian claims concerning control of the Strait of Hormuz, the sinking of a Singapore-flagged ship and US military deaths in Jordan. Meanwhile, President Donald Trump said he would not attack Iran before the November 3 midterm elections, adding that the conflict would “end immediately after the elections.” The US military has continued to reinforce its presence in the region in recent weeks. Money Flow Index indicates that stocks like Shreeji Shipping Global and Sky Gold & Diamonds are in the overbought zone. Ujjivan Small Finance Bank's Q2FY27 net profit soars 3x YoY to Rs 365.1 crore, thanks to a 56.2% drop in provisions. Revenue climbs 26.3% to Rs 2,448.9 crore, driven by improvements in the treasury operations, retail and corporate banking segments. Separately, the bank's board of directors approves a Rs 409 crore fundraise through a preferential issue of equity shares. Omaxe is rising sharply as it signs a memorandum of understanding with Lemon Tree Hotels' arm, Carnation Hotels, to operate 10 hotels across India, with 4,000 rooms. The company expects a Rs 4,000 crore capex to build the hotels. HBL Engineering rises sharply as Tonbo Imaging's IPO draws attention to its 14.3% stake in the company. The stake, acquired for around Rs 86.7 crore, is now valued at nearly Rs 570 crore at the IPO price. Tonbo's current grey market premium of over 70% suggests a potentially higher valuation for HBL's investment. Federal Bank's Q2FY27 net profit climbs 45.1% YoY to Rs 1,386.1 crore, led by lower provisions. Revenue increases 17.7% to Rs 9,211.4 crore, supported by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 51 bps and 31 bps, respectively. Reliance Industries reportedly disburses October salaries about 15 days early ahead of Jio Platforms’ anticipated $3.2 billion IPO. The company also reaches out to nearly 420,000 employees across its group companies, encouraging them to participate in the share sale of its telecom and digital services arm.Market closes higher, led by gains in IT and metal stocks Nifty 50 closed at 23,146.15 BSE Sensex closed at 74,729.27 while the broader Nifty 500 closed at 22,270.05 . Market breadth is in the green. Of the 2,846 stocks traded today, 1,533 were on the uptick, and 1,239 were down. Indian indices closed higher, led by gains in IT and metal stocks. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 14.1 points. Jewellery stocks such as PC Jeweller, Thangamayil Jewellery and Senco Gold rose sharply after around 17 mutual fund houses temporarily halted subscriptions to gold ETF Fund of Funds following a regulatory nudge from the SEBI. Nifty Midcap 100 and Nifty Smallcap 100 closed flat. Nifty IT and BSE IT Sector were among the top index gainers today. According to Trendlyne’s Sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 3.1%. Asian indices closed mixed, while European indices are trading higher, except for UK’s FTSE 100 index. US index futures traded mixed. US Central Command rejected three Iranian claims concerning control of the Strait of Hormuz, the sinking of a Singapore-flagged ship and US military deaths in Jordan. Meanwhile, President Donald Trump said he would not attack Iran before the November 3 midterm elections, adding that the conflict would “end immediately after the elections.” The US military has continued to reinforce its presence in the region in recent weeks. Money Flow Index indicates that stocks like Shreeji Shipping Global and Sky Gold & Diamonds are in the overbought zone. Ujjivan Small Finance Bank's Q2FY27 net profit soars 3x YoY to Rs 365.1 crore, thanks to a 56.2% drop in provisions. Revenue climbs 26.3% to Rs 2,448.9 crore, driven by improvements in the treasury operations, retail and corporate banking segments. Separately, the bank's board of directors approves a Rs 409 crore fundraise through a preferential issue of equity shares. Omaxe is rising sharply as it signs a memorandum of understanding with Lemon Tree Hotels' arm, Carnation Hotels, to operate 10 hotels across India, with 4,000 rooms. The company expects a Rs 4,000 crore capex to build the hotels. HBL Engineering rises sharply as Tonbo Imaging's IPO draws attention to its 14.3% stake in the company. The stake, acquired for around Rs 86.7 crore, is now valued at nearly Rs 570 crore at the IPO price. Tonbo's current grey market premium of over 70% suggests a potentially higher valuation for HBL's investment. Federal Bank's Q2FY27 net profit climbs 45.1% YoY to Rs 1,386.1 crore, led by lower provisions. Revenue increases 17.7% to Rs 9,211.4 crore, supported by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 51 bps and 31 bps, respectively. Reliance Industries reportedly disburses October salaries about 15 days early ahead of Jio Platforms’ anticipated $3.2 billion IPO. The company also reaches out to nearly 420,000 employees across its group companies, encouraging them to participate in the share sale of its telecom and digital services arm.