The global stock market started the week on a positive note as investor sentiment improved following a major geopolitical shift from the United States. Back home, the Indian market continued to buzz with strong corporate earnings, new IPO listings, and major strategic deals across sectors — signaling renewed confidence ahead of the festive season.
Trump’s Policy U-Turn Sparks Rally
US President Donald Trump eased his stance on China, signaling a more cooperative trade policy. This unexpected softening led to a rebound across global indices. Wall Street recorded strong gains, with tech and financials leading the rally.
- Broadcom surged 10% after announcing a collaboration with OpenAI, further strengthening its AI-driven semiconductor portfolio.
- JP Morgan jumped as the bank unveiled a $1.5 trillion investment plan, emphasizing digital finance and infrastructure.
- Estee Lauder gained 7.5% after its rating was upgraded, highlighting improved sales momentum in North America and Asia.
The global AI theme continued to dominate, and investors showed renewed interest in tech and banking sectors following these announcements.
Dividend Bonanza and Profit Growth
Several Indian companies reported robust earnings and declared healthy dividends — boosting market sentiment ahead of Diwali.
- Anand Rathi Wealth declared a ₹6 dividend, with October 17 as the record date.
- Profit rose from ₹76 crore to ₹99 crore.
- Revenue grew from ₹242 crore to ₹297 crore.
- Margins expanded from 43% to 46.2%, reflecting strong operational efficiency.
- HCL Technologies announced a ₹12 dividend with October 17 as the record date.
- Profit increased to ₹4,236 crore from ₹3,843 crore.
- Revenue jumped to ₹31,942 crore from ₹30,349 crore.
- EBIT rose from ₹4,942 crore to ₹5,502 crore, while margins improved to 17.25%.
- Just Dial reported higher revenue but a dip in profit and margins, suggesting higher operating costs amid expansion.
- Landmark Cars is expanding its footprint with a new outlet in Hyderabad.
- Vehicle sales rose 35% to ₹1,403 crore.
- Spare part sales increased 10% to ₹252 crore.
- Total revenue climbed 30% to ₹1,655 crore.
- KEC International bagged major transmission and distribution orders worth ₹1,174 crore in India and the Middle East, and an additional ₹1,064 crore from Saudi Arabia — boosting its global order book.
- Cochin Shipyard secured a ₹2,000+ crore order from a European company for LNG-fuelled vessels, a major win in India’s shipbuilding sector.
The day saw a flurry of M&A activity across financial, industrial, and energy sectors.
- Emirates NBD is set to acquire a 60% controlling stake in RBL Bank in a $3 billion deal, marking one of the largest foreign investments in Indian banking this year.
- KFin Technologies will acquire 51% stake in Singapore Asset Fund Services, strengthening its global footprint.
- RSWM to buy Birla Advanced Knits’ machinery worth ₹54.11 crore to boost textile production.
- LT Foods will acquire three subsidiaries of Global Green International, enhancing its global FMCG presence.
- Lodha Group acquired 8.37 acres in Bangalore by taking over Chaitanya Bilwa.
- Adani Enterprises, Tata Power, JSW Steel, and Hindalco all announced large-scale capacity expansions and strategic investments, signaling confidence in India’s growth story.
India’s technology sector remained the highlight of the day with multiple AI and digital infrastructure announcements.
- Bharti Airtel and Google announced a partnership to build a mega AI hub and data center in Visakhapatnam.
- Google also announced a $15 billion investment to establish a gigawatt-scale AI hub in the same region — a massive boost for India’s tech infrastructure and IT jobs.
- TCS signed an agreement with Google Cloud to integrate Gemini Enterprise AI solutions for its clients and workforce.
- Infosys secured a £120 million (₹1,200 crore) contract from the UK’s National Health Service (NHS) for a workforce management solution.
- ICICI Prudential Life reported mixed results:
- APE fell slightly from ₹2,500 crore to ₹2,422 crore.
- VNB margin rose from 23.4% to 24.4%, and profit increased to ₹296 crore.
- Bank of Maharashtra posted strong earnings:
- Profit rose from ₹1,317 crore to ₹1,633 crore.
- Net Interest Income increased from ₹2,807 crore to ₹3,248 crore.
- NPAs remained among the lowest in the industry (Gross NPA 1.72%).
- IREDA reported a 41% jump in profit and a 26% rise in revenue, with NPAs continuing to decline — a strong indicator of improved credit discipline.
- Hero MotoCorp partnered with Pelpi International to enter the Italian market, expanding its European footprint.
- Leadus Engineering signed an MoU with Fly Focus (Poland) to develop advanced FPV drones for defense applications — a step toward strengthening India’s defense tech ecosystem.
- Oil India signed a 15-year gas supply agreement with NEEPCO for the Bokuloni Power Plant in Assam.
The IPO market remained red-hot this week, with strong investor enthusiasm and high subscription levels.
- Tata Capital IPO opened to strong demand, marking India’s largest IPO of 2025.
- LG India IPO delivered massive listing gains, with shares opening well above issue price — investors called it a “Diwali before Diwali.”
- October IPO pipeline now exceeds $5 billion, with upcoming issues from Sterlite Power, OYO, and Navi Technologies.
- Recent NSE listings included Inox Green Energy, ASK Automotive, and Bharat Highways InvIT.
- ICICI Securities: Buy Reliance Industries and JSW Energy.
- Motilal Oswal: Sell Zomato citing valuation concerns.
- Axis Securities: Bullish on Tata Motors, citing strong EV sales post-demerger.
- HDFC Securities: Added L&T Finance and Adani Ports to buy list.
India’s inflation data for September remained stable:
- CPI stood at 1.54%, marginally up from August’s 1.52%.
- WPI dropped to 0.13% from 0.52%.
- Core inflation edged slightly higher from 1.7% to 1.8%, reflecting controlled price pressures despite rising fuel costs.
With the US softening its China stance, global liquidity improving, and Indian corporates delivering solid earnings, market sentiment is likely to remain bullish in the near term.
The combination of robust IPO activity, AI investments by Google, and rising domestic demand points toward sustained growth momentum. However, investors may watch inflation trends and RBI’s upcoming monetary stance closely before taking fresh positions.
- Trump’s China policy shift boosts global optimism.
- Indian IT, banking, and auto sectors show strong earnings momentum.
- AI investments and data centers to drive next phase of growth.
- IPO market remains red-hot with record demand.
- Inflation stable, supporting RBI’s growth-friendly stance.
Published by Barawakar | Market Wrap – 15 October 2025
Stay informed. Stay ahead.