Top Stocks in Action as Market Eyes Record Run
- Indian indices likely to open higher, with GIFT Nifty up 405 points, signaling a strong start despite weak global cues.
- Infosys, LTIMindtree, BEL, Ola Electric, and Federal Bank in focus due to major announcements and board updates.
- IT, defence, auto, and hospitality stocks may drive momentum as investors eye continuation of the recent rally.
Indian stock markets are set for a strong start today, with benchmark indices likely to open higher and continue their upward momentum. The early indicator of Nifty50 performance GIFT Nifty was up 405 points at 26,271 as of 7:15 AM, signaling a gap-up opening.
However, global cues remain weak. Asian markets were trading lower, following losses on Wall Street. Japan’s Nikkei slipped 1.13%, while China’s CSI 300 was down 0.50%. In the US, the S&P 500 and Nasdaq indices fell overnight amid reports that the Trump administration may impose new curbs on software exports to China.
Back home, during the Muhurat trading session on Tuesday, the BSE Sensex rose slightly by 62.97 points to close at 84,426.34, while the Nifty50 gained 25.45 points to end at 25,868.60.
Here are some key stocks to watch in today’s session:
Infosys: The IT giant’s promoters, including Narayana Murthy and Nandan Nilekani, have decided not to participate in the share buyback process announced in September. The move indicates their long-term confidence in the company’s growth prospects.
LTIMindtree: The company announced the resignation of Nachiket Deshpande, Whole-time Director and President, effective October 31, 2025. Deshpande, who has been on the board since 2019, is leaving to explore new opportunities.
Bharat Electronics Ltd (BEL): The defence electronics firm received a major order worth Rs 633 crore from Cochin Shipyard Ltd. The deal includes supplying sensors, weapon equipment, fire control systems, and communication tools for naval applications.
Ola Electric: The company’s board will meet on October 25, 2025, to discuss raising funds through equity or other means. Ola also clarified that no chargesheet has been filed against it and that it is fully cooperating with ongoing investigations.
ITC Hotels: The hospitality arm of ITC Ltd has opened a new Welcomhotel property in Bodh Gaya, Bihar. Spread across 18 acres, the hotel offers 98 rooms and suites and features large convention facilities. ITC said the property aims to boost MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism in the state.
Kirloskar Ferrous Industries: The company received a Rs 358 crore order from ONGC for the supply of tubing, pup joints, and crossovers. The order will be executed between October 2025 and October 2026.
HCLTech: The IT major has partnered with DIB to accelerate AI adoption across its ecosystem. The collaboration will leverage HCLTech’s advanced AI capabilities and global partnerships for responsible and large-scale deployment.
United Breweries Ltd (UBL): The company reported mid-single-digit net revenue growth in India despite lower beer volumes caused by heavy monsoons. Its strong pricing and premium brands, including Kingfisher Ultra Max and Amstel Grande, helped drive performance.
Gulshan Polyols: The firm secured an ethanol allocation of 1,75,652 kilolitres, worth Rs 1,184.86 crore, from major oil companies such as BPCL, IOCL, HPCL, and MRPL. The supply will take place during the Ethanol Supply Year 2025–26.
Lloyds Metals and Energy: The company has allotted 1.95 million equity shares at Rs 1,460.50 each, amounting to Rs 285.89 crore, to Adler Industrial Services. This allotment is part of a share swap deal to acquire a 49% stake in Thriveni Pellets.
Federal Bank: The lender clarified that no decision has been made regarding a preferential issue. The bank said it will evaluate fundraising options on October 24, 2025, and that all required disclosures have been made, with no ongoing legal proceedings.
Rubicon Research: Its US-based subsidiary, Advagen Holdings Inc., has signed a definitive agreement with GEn1E Lifesciences Inc. to acquire Series Prime Preferred Stock in tranches worth up to $3 million.
Dr. Reddy’s Laboratories: The pharma major received the Establishment Inspection Report (EIR) from the USFDA for its FTO 11 facility in Srikakulam, Andhra Pradesh. The inspection, which concluded on October 20, 2025, has been classified as “Voluntary Action Indicated,” signaling a satisfactory closure.
As global cues remain cautious but domestic sentiment stays positive, investors will closely watch how these developments shape today’s market performance.
