10 Stocks in Spotlight as Markets Pause Winning Streak
- Sensex and Nifty ended a six-day rally amid profit booking, rising crude prices, and weak global cues.
- Indus Towers, IOC, Adani Energy Solutions, KFin Tech, and Mazagon Dock to announce Q2 results today.
- RIL reviews EU oil curbs, Ola Electric plans â¹1,500 crore fundraise, NTPC signs pact for Coal-to-Gas plant.
Indian stock markets are expected to see a cautious start today after a weak close on Friday. Benchmark indices Sensex and Nifty ended their six-day winning streak as investors booked profits at higher levels amid rising crude oil prices, concerns over trade negotiations, and weakness in global markets. Banking and FMCG stocks were among the major drags.
The Sensex slipped 344.52 points, or 0.41%, to close at 84,211.88, while the Nifty 50 fell 96 points, or 0.37%, to end at 25,795.15. HDFC Bank alone accounted for nearly half of the decline in Sensex.
Ajit Mishra, SVP of Research at Religare Broking Ltd, said, “Markets extended their decline on Friday, with the Nifty slipping nearly 0.4% to close around 25,795. After a flat start, the index remained under pressure throughout the session amid broad-based selling. Most sectors moved in line with the benchmark, with FMCG, banking, and pharma among the top losers, while metal stocks gained over a percent. Persistent profit booking after the recent rally and weak earnings from FMCG majors weighed on market sentiment”.
Volatility in global tech stocks and caution ahead of key U.S. inflation data also affected investor confidence.
Here are the key stocks likely to be in focus in today’s trading session:
Indus Towers, Indian Oil Corporation, Adani Energy Solutions, KFin Technologies, Mazagon Dock Shipbuilders
These companies are scheduled to announce their Q2 results today, which may drive stock-specific movements. Investors will be watching their earnings closely to gauge the performance of the telecom infrastructure, oil, energy, and defence sectors.
Reliance Industries (RIL): Reliance said it is assessing the impact of new restrictions imposed by the European Union, the U.K., and the U.S. on imports of Russian crude oil and exports of refined products to Europe. The company’s statement indicates it is reviewing compliance measures and potential business implications.
Kotak Mahindra Bank: The private lender reported a 4% year-on-year increase in net interest income to Rs 7,311 crore for the quarter, while net profit fell 3% to Rs 3,253 crore. The dip in profit reflects higher provisions and moderation in loan growth.
General Insurance Corporation of India (GIC Re): The Ministry of Finance has appointed Hitesh Ramesh Chandra Joshi, currently Executive Director of GIC Re, to take charge as CMD for three months starting October 1. The interim leadership is expected to ensure smooth continuity in operations.
Ola Electric: The electric vehicle manufacturer’s board has approved plans to raise Rs 1,500 crore through equity shares, convertible securities, or other options such as a rights issue or QIP. However, the stock continues to trade below its IPO price of Rs 76, reflecting investor caution.
Dr Reddy’s Laboratories: The Hyderabad-based pharma company reported a net profit of Rs 1,347 crore in Q2 FY26, up 7.3% from Rs 1,256 crore a year ago. The growth was driven by strong performance in the U.S. and emerging markets.
Coforge: The IT services company posted a revenue growth of 5.9%, in line with expectations, while its EBIT margin improved by 80 basis points to 14%, surpassing projections. The stock may gain traction following its strong quarterly performance.
Indian Oil Corporation (IOC): IOC received partial relief from a tax dispute, as the Commissioner of Income Tax (Appeals) upheld the company’s appeal, granting relief of Rs 1,102.91 crore from a total demand of Rs 1,194.07 crore.
RailTel Corporation: RailTel announced that the Bihar Education Project Council (BEPC) has cancelled a work order worth Rs 209.78 crore under the PM-SHRI initiative. The order was related to the ‘Education Quality Enhancement Project’ in Bihar.
NTPC: India’s largest integrated power company has signed an agreement with Engineers India Ltd (EIL) to set up a Coal-to-Synthetic Natural Gas (SNG) plant. The move aligns with NTPC’s efforts to diversify into cleaner energy solutions and reduce dependency on traditional coal-based power.
Overall, with Q2 earnings season in full swing and global cues turning cautious, markets are likely to remain volatile in today’s trade. Investors are advised to stay selective and focus on fundamentally strong stocks.
