Indian Markets Eye Bright Start on Global Ceasefire Cheer
- Indian markets set to open higher as a global rally follows Trump’s announcement of an Israel-Hamas ceasefire deal.
- GIFT Nifty up over 50 points, Asian markets and US tech stocks show strong momentum.
- TCS, Prestige Estates, Lupin, and IRB InvIT among key stocks to watch today.
Indian equity markets are expected to open on a positive note today, tracking strong global cues after US President Donald Trump announced that Israel and Hamas have agreed to the first phase of a ceasefire, easing tensions in the Middle East.
At 8:00 AM, GIFT Nifty futures were up 58.5 points at 25,151, showing solid early momentum. By 8:13 AM, it inched higher to 25,145, up 22 points, indicating a firm start for Indian equities.
Across Asia, markets were trading in the green. Japan’s Nikkei 225 advanced 1.33%, while Hong Kong’s Hang Seng index remained steady. South Korea’s markets were closed for a local holiday. On Wall Street, US stocks ended mostly higher overnight, with tech shares driving the Nasdaq and S&P 500 to record highs, even as the Dow Jones Industrial Average stayed flat.
Stocks to Watch Today
IT & Technology: Tata Consultancy Services (TCS) is in focus ahead of its Q2FY26 results, with analysts expecting a 2.7% quarter-on-quarter revenue rise to Rs 65,150.3 crore. Tata Elxsi, GM Breweries, and Eimco Elecon are also scheduled to announce their quarterly earnings.
Real Estate: Prestige Estates reported strong Q2FY26 numbers, with collections up 54% to Rs 4,212 crore and sales up 50% to Rs 6,017.3 crore. GR Infraprojects received a Letter of Award worth Rs 290.23 crore for a road project in Jharkhand, while Garuda Construction won a Rs 143.96 crore civil work order for a redevelopment project in Mumbai.
Infrastructure & Logistics: IRB InvIT launched a Rs 3,000 crore Qualified Institutional Placement (QIP) at a floor price of Rs 62.69 per unit. Container Corporation of India reported a 10.5% YoY rise in Q2 throughput to 14.40 lakh TEUs. Coal India signed an MoU with IRCON for railway infrastructure development.
Pharma & Healthcare: Lupin announced a $250 million investment over five years to set up a new manufacturing plant in Florida. Senco Gold reported a 6.5% rise in Q2 revenue and plans to open 20 new showrooms in FY26. Evoq Remedies will also declare its quarterly results today.
Finance & NBFCs:UGRO Capital approved the issuance of secured NCDs worth Rs 300 crore, with a Rs 150 crore green shoe option. Avasara Finance and Triton Corp are set to report quarterly earnings.
Manufacturing & Corporate Updates: Escorts Kubota announced a Rs 2,000 crore investment in its Haryana facilities by 2031. EPL named Hemant Bakshi as CEO-designate, effective October 13. Greenleaf Envirotech and DSM Fresh Foods are debuting on the NSE SME platform today. Oswal Agro Mills CEO Narinder Kumar has stepped down, effective October 8.
In market deals, Abakkus Diversified Alpha Fund bought 3.5 lakh shares of EFC (India) at Rs 296.1, while Societe Generale picked up 33.22 lakh shares of RBL Bank at Rs 284 each.
Stocks in F&O Ban: RBL Bank.
Markets are set for a buoyant opening, supported by global optimism and strong domestic cues.
