Indian share markets saw a rolling combination of firm performances, policy hopes, and institutional buying/selling from Tuesday, 28 October 2025, to Wednesday, 29 October 2025. Investors looked forward to quarterly results, new buy/sell recommendations, order-books in infrastructure sectors, and changing signals from the Reserve Bank of India (RBI) and the government. Hereinafter is a detailed, value-added SEO-friendly news blog on all the key happenings in companies, banks, and macroeconomic indicators—limited to profit announcements, strategic deals, institutional buys, and regulatory approvals.
Indian companies continued releasing their second-quarter numbers for the fiscal year 2025–26, which were mixed but overall robust against macroeconomic headwinds globally.
- TVS Motor Company logged an impressive 39% quarter-on-quarter (QoQ) and year-over-year (YoY) net profit growth to ₹845 crore in Q2 FY25–26. This was bolstered by robust domestic two-wheeler demand, two-wheeler export growth into Latin America and Africa, and cost control. EBITDA margin at 9.2%, compared to 8.5% a year earlier, showcases operational efficiency.
- Adani Green Energy reported a 27% year-on-year (YoY) growth in net profit to ₹529 crore, while revenue fell by a narrow 2%. The firm attributed the improvement in profitability due to improved plant load factors (PLFs) at its solar and wind assets and reduced interest expenses after debt restructuring. Adani Green also reported commissioning of 1.2 GW new renewable capacity at Rajasthan and Gujarat.
- Tata Capital, the financial services subsidiary of Tata Group, posted 7% YoY growth in top-line, while net profit fell marginally to ₹1,115 crore from ₹1,132 crore during the corresponding period last year. The decline was because of increased provisioning for retail book of loans due to conservative credit sentiments. Its asset under management (AUM) also rose above ₹1.3 lakh crore, showing strong lending business.
- Jindal Steel and Power Limited (JSPL) reported 26% YoY decline in net profit at ₹635 crore while revenue grew 4%. This decline was caused by higher coking coal prices and lower European market realizations. Management indicated hope of H2 turnaround with references to new defence and infrastructure sector orders.
- Sanofi India too reported good quarter performance, with net profit increasing 18% YoY to ₹210 crore. The drug major was boosted by greater sales of cardiovascular and diabetes medication, as well as increased supply chain stability. Experts pointed out that the performance is reviving hopes in the domestic pharma sector.
- NTPC Green Energy, the renewable arm of NTPC Ltd, posted better operating margins and won several solar EPC orders in Tamil Nadu and Karnataka. While not yet net profitability, its EBITDA turned positive for the first time, indicating the way to sustainability.
- Samhi Hotels (formerly IHHR Hospitality) registered a turnaround in Q2 from losses to a net profit of ₹42 crore thanks to robust RevPAR (Revenue Per Available Room) growth in metros and monetization of assets.
- Everest Industries, leading building material manufacturing firm, posted 15% YoY growth in profit on the back of government spending in infrastructure under PM GatiShakti and enhanced demand for pre-engineered structures in industrial corridors.
Brokerages and technical analysts made new suggestions on the basis of earnings drive and chart patterns:
- Choice Broking's Sumeet Bagadia suggested buying the following stocks for medium-term gains:
- Bharat Seats: Beneficiary of auto OEM growth; strong book order from Maruti and Tata Motors.
- Zota Health Care: Small-cap pharma stock with strong export pipeline to regulated markets.
- Precision Wires India: Benefiting from PLI scheme in electronic manufacturing; 30% rise in export orders.
- CarTrade Tech: Valuation remains appealing post-correction; used car market reporting revival.
- Parag Milk Foods: Margins of dairy segment also reporting revival; rural demand recovery under way.
- Kirloskar Oil Engines recorded technical breakout above ₹930, triggering BUY advice at ₹939.90 with a target of ₹1,050. This following robust order inflows in irrigation and power backup segments.
- On Oct 28, Tech Mahindra and Trent Ltd were among Nifty's top losers, losing 3.2% and 2.8% respectively, after profit booking after their recent successes. Same-store sales growth concerns pulled down Trent and FII selling on Tech Mahindra due to global IT spending prudence.
- PSU bank stocks staged a strong comeback on 29 October with the news that the government is thinking of increasing the FII investment limit in public sector banks from the current 20% to 30%. Bank of Baroda, Canara Bank, and Indian Bank stock rose by more than 4%.
Corporate India was busy acquiring new business and capability building:
- Dilip Buildcon has bagged new highway construction contracts valued at ₹1,200 crore under the Bharatmala Pariyojana Phase-II. The contracts involve 4-laning schemes in Madhya Pradesh and Chhattisgarh, adding to its order book of over ₹18,000 crore.
- India's October 2025 United States crude imports reached a historic high of 575,000 barrels a day—its highest in 2022—on discounted prices and a move away from Russian barrels due to geopolitical concerns. Refiners such as Indian Oil Corporation and Reliance Industries are the beneficiaries.
- Paytm introduced a UPI facility for Non-Resident Indians (NRIs) enabling users to connect overseas mobile numbers with Indian bank accounts for seamless remittances and payments. The initiative will have the potential to add 5–7 million NRIs to its user base and increase transaction volumes.
Monetary and regulatory developments shaped investor sentiment:
- The Reserve Bank of India (RBI) held its bi-monthly monetary policy review on 28 October but did not announce any rate changes, keeping the repo rate steady at 6.50%. However, Governor Shaktikanta Das signaled a potential policy pivot in the December meeting, citing moderating inflation and global rate cuts. Markets now price in a 25-basis-point cut by February 2026.
- In a significant reform move, the Union Finance Ministry is finalizing a proposal to raise the FII investment limit in PSU banks to attract long-term capital. The change requires parliamentary approval but is expected to enhance liquidity and valuations in state-owned lenders.
- Tata Capital maintained stable performance across its lending verticals—consumer finance, commercial loans, and wealth management—reporting healthy asset quality with gross NPA at 1.8%.
- The broader banking sector gained traction, with the Nifty PSU Bank index rising 3.7% on 29 October. Analysts attribute this to improved credit growth (14.2% YoY), declining slippages, and anticipation of capital infusion in select banks.
- Tata Consumer Products is in focus for its strategic expansion into premium tea and coffee segments, with margin improvement initiatives yielding results. The company is also exploring acquisitions in Southeast Asia.
- Earnings season heats up: ITC, Larsen & Toubro (L&T), and Indian Oil Corporation are scheduled to announce Q2 results in the first week of November. Market expectations are high for ITC’s FMCG segment and L&T’s order inflows in defense and renewables.
- Ashish Kacholia’s portfolio drew attention as small-cap pharma stock Zota Health Care surged 12% on strong quarterly numbers and export approvals from the US FDA.
- Orkla India, the Indian subsidiary of Norwegian FMCG giant Orkla ASA, is set to launch its IPO next week. The issue aims to raise ₹800–1,000 crore and will be a pure offer-for-sale by promoters.
- Amazon India’s announcement of 30,000 global layoffs (including tech roles in India) dampened sentiment in the IT and e-commerce ecosystem, though direct impact on listed Indian vendors remains limited.
As of 29 October 2025, the Nifty 50 trades near 23,450, supported by strong domestic earnings, stable FII flows, and optimism around banking reforms. While global cues remain volatile due to US Fed policy uncertainty, India’s macro fundamentals—controlled inflation, robust GST collections, and capex-led growth—continue to attract long-term capital.
Investors are advised to focus on:
- Quality midcaps with improving ROEs (e.g., Everest Industries, Dilip Buildcon)
- PSU banks ahead of potential FII limit hikes
- Renewable energy players like Adani Green and NTPC Green benefiting from policy tailwinds
- Pharma exporters showing regulatory compliance and margin resilience
With Q2 earnings season in full swing and key policy decisions on the horizon, the Indian equity market remains a compelling destination for both domestic and global investors seeking growth with stability.
Published by Barawakar |Market Wrap– 29 October 2025
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