10 Stocks Set to Steer Market Sentiment Today
- Major firms like L&T, HPCL, Coal India, and SAIL to release results today.
- BPCL signs Rs 1 trillion refinery deal; Emirates NBD launches Rs 11,636 crore open offer for RBL Bank.
- Adani Green posts 25% profit rise, while Jindal Steel and Adani Total Gas report declines.
The BSE Sensex fell over 550 points during the day to hit an intraday low of 84,219.39 but recovered to close 151 points, or 0.18 per cent, down at 84,628. The NSE Nifty 50 also dropped 150 points to a low of 25,810.05 before ending at 25,936 down 30 points or 0.11 percent.
Ajit Mishra, SVP of Research at Religare Broking Ltd, said markets remained choppy on the monthly expiry day and continued to consolidate. “After an initial uptick, the Nifty witnessed sharp swings before settling flat. Most sectoral indices ended in the red, with realty, IT, and FMCG leading the losses. However, metal and banking stocks offered some support”, he said. He added that investors stayed cautious ahead of major global central bank meetings and U.S. tech earnings, while muted foreign investor activity kept the sentiment restrained.
Here’s a look at the top stocks likely to be in focus today:
Larsen & Toubro, Hindustan Petroleum, Coal India, and SAIL: These companies will be in the spotlight as they are set to announce their Q2 earnings results today. Investors will closely track the numbers for cues on sector performance and business momentum.
Adani Green Energy: Adani Green reported a 25% rise in profit for the second quarter, supported by stronger energy sales and improved operational efficiency. However, overall revenue remained largely unchanged, indicating steady growth amid stable market conditions.
Oil India: Oil India has entered into a strategic partnership with Bharat Petroleum Corporation (BPCL) and Numaligarh Refinery (NRL) to expand its presence in refining, petrochemicals, and logistics infrastructure. The collaboration aims to strengthen India’s energy ecosystem and boost domestic production capacity.
Adani Total Gas: The company reported a net profit of Rs 164 crore for Q2, down 11.9% from Rs 186 crore in the same quarter last year. The decline was attributed to higher input costs and lower margins, though overall business operations remained stable.
Bharat Petroleum Corporation (BPCL): BPCL signed three major agreements during an industry event, including one with Oil India to establish a greenfield refinery and petrochemical complex worth Rs 1 trillion in Andhra Pradesh. The move is expected to significantly enhance the company’s refining and petrochemical capabilities.
BEML: The state-run engineering firm announced a quadripartite MoU with Deendayal Port Authority, Delhi Metro Rail Corporation, and Umeandus Technologies India Pvt Ltd. The partnership will focus on infrastructure development, metro rail solutions, and technology-driven projects.
RBL Bank: In a major development, Emirates NBD, the largest banking group in Dubai, has launched an open offer to acquire up to 26% stake in RBL Bank at Rs 280 per share. The deal values the transaction at Rs 11,636 crore and signals growing foreign interest in India’s private banking sector.
PNB Housing Finance: The company announced that its MD and CEO, Girish Kousgi, will step down from his position effective October 28. The firm is expected to appoint an interim leader soon to ensure a smooth transition.
Jindal Steel and Power: The company posted a 26% drop in consolidated net profit to Rs 635.08 crore for Q2 FY26, compared to Rs 860.47 crore in the same quarter last year. The decline came amid weaker steel prices and higher raw material costs.
Swan Defence and Heavy Industries: Mazagon Dock Shipbuilders has signed an exclusive teaming agreement with Swan Defence to jointly design and build Landing Platform Docks (LPDs) for the Indian Navy, marking a key step in domestic defence manufacturing.
Overall, markets are expected to remain range-bound today as investors digest Q2 earnings, global cues, and developments in oil, banking, and metal sectors.
