Indian equity indices ended the day on a negative note with both Nifty and Sensex closing lower due to global market volatility.
The prevailing sentiment among retail investors was cautious due to the global economic uncertainty and geopolitical tensions.
The market was heavily influenced by global cues, particularly the U.S. tariff announcements affecting China.
Despite the negative close, the Nifty remains above important short-term moving averages, indicating a potential for future rallies.
The domestic market's performance was subdued, reflecting concerns over global economic stability and its impact on Indian equities.
Key Indices
NIFTY 50
25,227
-0.23%
SENSEX
82,364.15
-0.17%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
82,364.15
-0.17%
0.71%
0.48%
Nifty Midcap 100
58,762
0.11%
0.92%
-0.76%
Nifty Next 50
68,570
-0.17%
0.55%
-9.03%
Nifty 50
25,227
-0.23%
0.45%
1.05%
Nifty Smallcap 250
17,063
-0.29%
-0.48%
-6.31%
Sector Highlights
PSU Bank
+0.24%
PSU Banks gained 0.24% driven by steady financial sector sentiment despite broader market weakness, with specific support from SBI's stable share price amid modest investor interest. No major negative regulatory or macro events impacted the sector today.
Media
+0.11%
Media sector saw a slight increase (+0.11%) likely supported by stable advertising revenues and absence of sector-specific regulatory disruptions. No significant company-specific or policy news to push the sector down.
Bank
+0.03%
The broader Bank sector edged up 0.03%, reflecting mixed reactions to flat to in-line earnings announcements from major banks like State Bank of India. Investor caution amid global macro uncertainties kept the gains subdued.
IT
-0.78%
IT sector fell 0.78% as TCS reported in-line results, which failed to excite investors, coupled with global concerns over US-China tariff tensions that may impact IT export demand. Profit-taking also contributed to the sector's decline.
FMCG
-0.90%
FMCG declined 0.90% amid profit booking after earlier festive season gains despite strong demand announcements from companies like PN Gadgil. The sector showed vulnerability to cautious consumer sentiment and lack of further positive triggers today.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
PSU Bank
+0.24%
+1.48%
+16.50%
+157.51%
Media
+0.11%
-2.69%
-24.37%
-26.94%
Bank
+0.03%
+1.84%
+9.86%
+44.81%
IT
-0.78%
+4.89%
-15.40%
+27.05%
FMCG
-0.90%
-0.37%
-11.42%
+26.86%
Movers of the Day
Top Nifty Gainers
Adani Ports
2.09%
Adani Ports shares rose after investment bank Investec initiated coverage with a 'Buy' rating, citing strong organic growth potential from its integrated logistics network.
Bajaj Auto
1.48%
Bajaj Auto gained amid positive sector outlook, as analysts expect a broad-based recovery in the auto sector led by two-wheelers and strong festive season demand.
Bajaj Finance
1.26%
Bajaj Finance advanced as part of a broader positive trend in financial services stocks that are seeing selective buying interest.
Shriram Finance
1.07%
Shriram Finance saw gains as the financial sector showed resilience, attracting investors looking for value in a volatile market.
Interglobe Avi
0.92%
No significant updates available for this stock.
Top Nifty Losers
Tata Motors
-2.68%
Tata Motors was a top loser as its shares fell due to market jitters ahead of the planned demerger of its commercial and passenger vehicle businesses.
Infosys
-1.56%
Infosys declined as the Indian IT sector continues to face significant pressure from global headwinds, particularly the escalating US-China trade tensions which threaten global tech demand.
HUL
-1.43%
HUL fell as the broader market sentiment turned negative, with even defensive FMCG stocks failing to escape the sell-off triggered by global concerns.
Wipro
-1.40%
Wipro's stock dropped, reflecting the widespread weakness in the IT sector caused by fears of a global demand slowdown following the announcement of new US tariffs on China.
Max Healthcare
-1.13%
No significant updates available for this stock.
Stock Spotlight Of The Day
Delhivery
Market Cap
35,559 Cr
Current Price
₹475
Stock P/E
179
Dividend Yield
0.00%
ROCE
2.47%
ROE
1.52%
Shareholding Changes (Impact Factors)
FIIs
QoQ
0.96%
YoY
-8.21%
Stable foreign holding
DIIs
QoQ
-0.44%
YoY
7.57%
Stable domestic holding
Promoters
QoQ
—
YoY
—
Quarterly Summary (Absolute)
Sales
QoQ
Slight growth
4.65%
YoY
Mild rise
5.62%
Expenses
QoQ
Slight uptick
3.91%
YoY
Slight uptick
3.71%
Operating Profit
QoQ
Healthy pickup
18.49%
YoY
Strong profit
46.88%
Net Profit
QoQ
Strong earnings
24.66%
YoY
Profits soared
68.52%
Profit & Loss (Compounded)
Sales Growth
10 Years
None%
5 Years
26%
3 Years
9%
TTM
8%
Profit Growth
10 Years
None%
5 Years
20%
3 Years
29%
TTM
343%
Stock Price CAGR
10 Years
None%
5 Years
None%
3 Years
-5%
1 Year
15%
Return on Equity
10 Years
None%
5 Years
-8%
3 Years
-4%
Last Year
2%
Fundamentals Corner
The company is undergoing a significant profitability turnaround, with explosive recent profit growth driven by margin expansion, despite a clear slowdown in long-term sales.
However, the stock carries an extremely high valuation (P/E 179) that appears stretched against its very low Return on Equity, suggesting the market has already priced in future success and investors should be cautious.
News TidBits
Delhivery has received a bullish outlook from Motilal Oswal, which set a target price suggesting a 16% potential upside from its current levels.
The company's market position is being significantly strengthened by its strategic acquisition of Ecom Express for INR 14 billion, a move that enhances its rural coverage and network density.
Growth is being driven by strong festive-season demand and a broader consumption rebound linked to the Goods and Services Tax (GST) formalization.
Delhivery's focus on technology integration and network expansion is expected to create significant operating leverage and improve cost efficiencies.
Financially, the company's EBITDA margin is forecast to expand substantially from 4.1% to 7.3% by FY28, signaling a strong trajectory for improved profitability and cash flows.
Stacks on Stacks: Tip Time 🤑
During earnings season, prioritize listening to management's forward-looking commentary over fixating on headline profit numbers to truly understand a company's recovery and growth trajectory.
Inside The Fund
Invesco India Contra Fund
Fund Size: ₹ 18980.54 Cr
NAV: ₹ 160.59 (as on 10th October, 2025)
1 Year
-0.42%
Category: -0.26%
2 Year
23.20%
Category: 21.67%
3 Year
21.83%
Category: 22.42%
5 Year
23.39%
Category: 25.96%
10 Year
17.69%
Category: 17.37%
Stocks Added
Stock
Sector
1M Change
Delhivery Ltd.
Logistics solution provider
0.14%
TVS Motor Company Ltd. - Preference Shares
2/3 wheelers
0.02%
Top 10 Holdings
Stock
Holding %
1M Change
HDFC Bank Ltd.
7.47%
-0.32%
ICICI Bank Ltd.
6.68%
-0.29%
Infosys Ltd.
4.70%
-0.04%
Eternal Ltd.
3.87%
0.14%
Mahindra & Mahindra Ltd.
3.61%
0.05%
Larsen & Toubro Ltd.
3.49%
0.24%
Axis Bank Ltd.
2.86%
-0.02%
Apollo Hospitals Enterprises Ltd.
2.85%
0.08%
Coforge Ltd.
2.14%
0.00%
Bharti Airtel Ltd. - Partly Paid
2.00%
0.04%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (3)
TVS Motor Company Ltd. - Preference Shares
2 funds
Edelweiss Mid Cap Fund - Direct Plan - Growth
0.01%
Sundaram Mid Cap Fund - Direct Plan - Growth
0.01%
Suven Pharmaceuticals Ltd.
2 funds
Axis Midcap Fund - Direct Plan - Growth
0.41%
SBI Midcap Fund - Direct Plan - Growth
1.09%
HDB Financial Services Ltd.
2 funds
Tata Mid Cap Fund - Direct Plan - Growth
0.30%
Kotak Midcap Fund - Direct Plan - Growth
1.01%
Top News Developments
US-China Trade Tensions Rattle Indian Markets
New US tariffs on Chinese goods have triggered a global risk-off sentiment, causing Indian benchmark indices like Sensex and Nifty to close with losses.
The direct impact is being felt by export-oriented sectors, particularly IT and auto stocks like Infosys and Tata Motors, which are facing pressure from anticipated global demand slowdowns.
This geopolitical tension is causing a flight to safety, with investors moving towards safe-haven assets like gold, which surged to record highs.
Retail investors should be cautious as heightened volatility is expected, with liquidity potentially shifting from cyclical stocks to more defensive sectors like FMCG and utilities.
Delhivery Strengthens Logistics Grip with Major Acquisition
Delhivery's acquisition of Ecom Express for INR 14 billion is a strategic move to consolidate its leadership in the third-party logistics (3PL) industry.
The deal significantly expands Delhivery's reach into rural areas, improving its network density and service capabilities for the booming e-commerce sector.
A bullish report from Motilal Oswal highlights strong festive season demand and improving margins as key growth drivers for the stock.
This consolidation could put margin pressure on smaller competitors while benefiting e-commerce and retail companies that rely on efficient logistics.
LG Electronics IPO Signals Major Boost for 'Make in India'
The upcoming blockbuster IPO of LG Electronics' Indian unit, valued at around $1.3 billion, represents a major vote of confidence and foreign direct investment in India's manufacturing capabilities.
The capital raised is earmarked for a new manufacturing plant, directly supporting the 'Make in India' initiative and potentially creating a positive ripple effect for ancillary industries.
This development could increase investor interest in the broader industrial and manufacturing sectors, as it underscores India's growing importance as a global supply chain hub.
For retail investors, the IPO's success could be a lead indicator for future growth in the electronics manufacturing and component supplier ecosystem.
Cross-Currents Shape Market: FIIs Return Amid Global Caution
The market is witnessing conflicting signals, with FIIs turning net buyers after weeks of selling, providing a liquidity boost and suggesting renewed confidence at current valuations.
This inflow is being counteracted by weak global cues from trade tensions, which are keeping the overall market sentiment cautious and in a consolidation phase.
Domestic Institutional Investors (DIIs) remain the market's anchor, consistently buying and absorbing selling pressure from foreign funds.
This dynamic is leading to sector-specific opportunities, with analysts identifying long-term growth in areas like defence and green energy, even as broad indices remain flat.
FII / DII Snapshot
Yesterday
FII Net: ₹459.20 cr
DII Net: ₹1707.83 cr
September 2025
FII Net: ₹-35301.36 cr
DII Net: ₹65343.59 cr
Daily Flows
Date
FII Net
DII Net
10-Oct-2025
₹459.20 cr
₹1707.83 cr
09-Oct-2025
₹1308.16 cr
₹864.36 cr
08-Oct-2025
₹81.28 cr
₹329.96 cr
07-Oct-2025
₹1440.66 cr
₹452.57 cr
06-Oct-2025
₹-313.77 cr
₹5036.39 cr
Monthly Flows
Month
FII Net
DII Net
September 2025
₹-35301.36 cr
₹65343.59 cr
August 2025
₹-46902.92 cr
₹94828.55 cr
July 2025
₹-47666.68 cr
₹60939.16 cr
June 2025
₹7488.98 cr
₹72673.91 cr
May 2025
₹11773.25 cr
₹67642.34 cr
April 2025
₹2735.02 cr
₹28228.45 cr
• Foreign Portfolio Investors (FPIs) have recently turned net buyers, injecting over ₹3,289 crore into the Indian market after a period of sustained selling, signaling a potential shift in sentiment driven by more attractive valuations.
• Despite the recent return of FIIs, their net activity for the past few months shows significant outflows, with over ₹35,301 crore pulled out in September alone.
• Domestic Institutional Investors (DIIs) continue to provide robust support to the market, acting as a crucial stabilizing force by consistently deploying capital, as evidenced by their net purchase of over ₹65,343 crore in September.
IPO Watchlist
Ongoing IPOs
Investor interest in ongoing IPOs is highly varied, with Rubicon Research T seeing overwhelming demand with a subscription of over 109 times, indicating very strong grey market expectations.
In contrast, Canara Robeco T's IPO has been well-received, achieving a subscription of 9.73 times, suggesting solid but more moderate investor appetite.
Canara HSBC Life's public issue is struggling to attract bids, showing a low subscription rate of only 0.27 times, reflecting weak demand for the offering.
Canara HSBC Life
2517.50
Date: 10 Oct - 14 Oct
List: 17 Oct
Subscription: 0.27x
GMP: 0.00%
Canara Robeco T
1326.13
Date: 9 Oct - 13 Oct
List: 16 Oct
Subscription: 9.73x
GMP: 2.82%
Rubicon Research T
1377.50
Date: 9 Oct - 13 Oct
List: 16 Oct
Subscription: 109.29x
GMP: 22.47%
Upcoming IPOs
The upcoming IPO for LG Electronics' Indian unit is generating significant buzz, with its grey market premium suggesting a potential listing gain of over 30%, reflecting high anticipation for this major market entrant.
This blockbuster IPO, valued at approximately $1.3 billion, is poised to inject significant capital into India's manufacturing sector, particularly for expanding its home appliance production.
Investors should also keep an eye on the upcoming Midwest IPO, which is scheduled to open on October 15th, adding another option to the primary market.
Midwest
451.00
Date:15 Oct - 17 Oct
List:24 Oct
Subscription: -
GMP: 0.00%
Cha-Ching Cheatsheet 💵
When a stock crashes on negative news like a regulatory ban or an executive's arrest, resist the urge to either panic sell or blindly buy the dip; instead, use it as a trigger to re-evaluate the company's long-term fundamentals without emotion.
The U.S. announced a significant increase in tariffs on Chinese goods, leading to a sharp decline in major U.S. indices like the S&P 500 and Nasdaq.
President Trump's subsequent comments on not worrying about China slightly eased market tensions, influencing future trading.
Global markets, including Asian markets, showed mild gains after Trump's reassuring tweet, indicating a volatile but improving risk sentiment.
Cryptocurrency markets experienced significant volatility, with Bitcoin initially plummeting before recovering as investor sentiment shifted.
The ongoing trade tensions between the U.S. and China continued to impact global markets, with technology and semiconductor stocks being particularly affected.
Emerging Opportunities
E-commerce and logistics companies like Delhivery are seeing strong growth due to increased demand and strategic acquisitions.
Jewelry and retail sectors are showing promise with companies like PN Gadgil experiencing strong sales growth and expansion.
Potential opportunities in the semiconductor sector could arise as India seeks to strengthen its domestic manufacturing capabilities.
Investments in renewable energy could be attractive as India continues to focus on sustainable development.
Technology integration and digital payments could provide growth opportunities across various sectors as India advances in digitalization.
Policy & Regulations
The Supreme Court has permitted the Competition Commission of India (CCI) to proceed with its investigation into Asian Paints, signaling increased regulatory scrutiny over potential anti-competitive practices in the sector.
In a move highlighting regulatory action on corporate governance, Zenith Infotech and its promoters settled a 12-year-old SEBI case concerning disclosure lapses by paying a settlement of ₹3.56 crore.
The Ministry of External Affairs has barred BLS International from participating in future tenders for two years, a significant regulatory action that caused the company's stock to plunge.
The Enforcement Directorate (ED) is reportedly pursuing a settlement with Flipkart over alleged violations of the Foreign Exchange Management Act (FEMA), indicating ongoing regulatory oversight in the e-commerce space.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$114124
$2.27T
2.12%
-9.13%
Ethereum (ETH)
$4100.48
$494.94B
7.33%
-16.55%
BNB (BNB)
$1292.53
$180.10B
5.68%
-5.20%
Tether (USDT)
$1.001
$179.97B
0.03%
-24.34%
XRP (XRP)
$2.58
$154.34B
7.54%
-28.97%
Major cryptocurrencies surged as investors sought alternative assets amidst rising global macroeconomic uncertainty and trade tensions.
Bitcoin reclaimed the significant $114,000 level, showing strong upward momentum with a 2.12% gain, while Ethereum posted an even more impressive rally of over 7.3%.
This price action reflects a potential flight to digital assets as a safe haven, similar to the surge seen in gold prices, as traditional markets react nervously to geopolitical developments.
Inside The Fund
