Indian Equities Gear Up for a Positive Thursday
- GIFT Nifty signals a strong opening as investor confidence grows on solid Q2 earnings and steady inflows.
- Markets await the outcome of the Trump Xi meeting, which could influence global trade and market sentiment.
- IT, infrastructure, and banking sectors drive momentum with robust profit growth and key announcements.
The Indian stock market looks ready for a bright and positive Thursday. Early signs from GIFT Nifty futures showed a strong start, up 94 points at 26,184.50 at 6:46 AM and later at 26,193.50 by 8:15 AM. With upbeat September-quarter earnings, steady foreign inflows, and active IPO activity, investor confidence remains high, setting the tone for another strong session on Dalal Street.
However, global focus today is on the highly anticipated meeting between U.S. President Donald Trump and China’s President Xi Jinping. This will be their first meeting in Trump’s second term, and global markets are watching closely. Trade and tariff talks are expected to dominate discussions, possibly reshaping international ties. While India is not directly involved, any outcome could have an indirect impact on sectors connected to global trade.
Despite global uncertainty, Indian markets remain optimistic. Strong domestic earnings and continued foreign investor support are likely to keep the momentum going.
Sector Highlights
IT and Technology: Technology stocks are expected to stay active. Wipro signed a multi-year deal with HanesBrands Inc. to modernize IT infrastructure and strengthen cybersecurity using its AI-based WINGS platform. Mphasis, PB Fintech, and Le Travenues Technology will announce Q2 results today. PB Fintech reported a 164.6 percent rise in profit to Rs 134.9 crore, while revenue grew 38.2 percent to Rs 1,613.6 crore. Sagility India posted a 113.8 percent profit jump to Rs 250.8 crore, with revenue up 25.2 percent to Rs 1,658.5 crore.
Pharmaceuticals and Healthcare: Dr. Reddy’s Laboratories received a Notice of Non-Compliance from Canada’s Pharmaceutical Drugs Directorate regarding its Semaglutide injection. Zydus Lifesciences got an Establishment Inspection Report from the USFDA for its Baddi facility, classified as Voluntary Action Indicated. Cipla, Mankind Pharma, Dabur India, and Dr. Agarwals Health Care & Eye Hospital will announce their results today. Mankind Pharma also received an ESG rating score of 69, reflecting strong governance standards.
Engineering, Infrastructure, and Construction: Larsen and Toubro (L&T) reported a 16 percent rise in net profit to Rs 3,926 crore, with revenue up 10 percent to Rs 67,984 crore. Dilip Buildcon won a Rs 307 crore contract from ISC Projects in South Eastern Railway. DCM Shriram’s profit rose 2.5 times to Rs 158.7 crore, and Brigade Enterprises reported a 36.6 percent jump to Rs 162.5 crore. Adani Power, NTPC, NTPC Green Energy, and DLF will also release results today. NTPC Green Energy posted a 130 percent rise in profit to Rs 87.6 crore.
Energy, Metals, and Commodities: Coal India’s profit fell 32 percent year-on-year to Rs 4,262.6 crore, and revenue dropped 3.2 percent to Rs 30,186.7 crore. HPCL reported a 6.1 percent fall in profit to Rs 3,859.3 crore and a 9 percent drop in revenue. Mahanagar Gas saw its profit decline 33.3 percent to Rs 191.4 crore despite higher revenue. SAIL’s profit fell 53.3 percent to Rs 418.7 crore, while revenue grew 8.2 percent to Rs 26,704.2 crore.
Finance and Banking: The financial sector will remain in focus as Canara Bank, Union Bank of India, Bandhan Bank, Nippon Life India AMC, and Manappuram Finance announce results today. LIC Housing Finance posted a 2 percent profit rise to Rs 1,354 crore, with income up to Rs 7,170 crore. Aditya Birla Capital invested Rs 382.5 crore in Aditya Birla Sun Life Insurance through a rights issue. Satin Creditcare reported an 18.9 percent profit rise to Rs 53.2 crore, while Fino Payments Bank’s profit dropped 27.4 percent to Rs 15.4 crore despite a 43 percent jump in net interest income.
Automobile and Mobility: Ola Electric approved a second tranche of Rs 250 crore OCRPS allotment and will face a CCPA hearing on November 10, 2025. Hyundai Motor India will release its results today. Samvardhana Motherson International appointed Gandharv Tongia as Group CFO and invested 0.5 million dollars in Rider Dome, a company developing two-wheeler safety technology.
Consumer and FMCG: United Breweries’ profit fell 65 percent to Rs 46.3 crore due to weak beer sales, while VST Industries reported a 24.5 percent increase to Rs 59.2 crore. Results from ITC, United Spirits, Pidilite Industries, and Dabur India are expected today, making this an important day for FMCG investors.
Logistics and Transport: Transport Corporation of India’s profit rose 5.8 percent to Rs 113.5 crore, and revenue grew 7.5 percent to Rs 1,204.9 crore. Container Corporation of India signed an MoU with JNPA to manage rail handling at upcoming Vadhvan Port terminals. RailTel Corporation reported a 4.7 percent profit rise to Rs 76 crore and a 12.8 percent jump in revenue to Rs 951.4 crore.
Other Key Updates: Dynamatic Technologies saw Samena Special Situations Mauritius III sell a 0.79 percent stake worth Rs 41.6 crore, reducing its holding to 1.81 percent. Sammaan Capital remains on the F&O ban list for today’s session.
Key Results to Watch Today
Key companies to watch include ITC, Cipla, NTPC, Hyundai Motor India, Adani Power, Swiggy, Canara Bank, Union Bank of India, Aditya Birla Capital, Bandhan Bank, Coromandel International, DLF, Dabur India, Mphasis, Pidilite Industries, United Spirits, Lodha Developers, Exide Industries, Indian Energy Exchange, Motilal Oswal Financial Services, and Manappuram Finance.
As the world awaits the outcome of the Trump-Xi meeting, Indian investors remain optimistic. With futures in the green and a series of strong earnings lifting sentiment, Dalal Street looks all set to continue its winning streak into a lively Thursday session.
