Stock Market Today: Nifty, Sensex Rise For Third Consecutive Session
The Nifty ended in the green for the third consecutive session on Friday, with the Sensex rising 484.53 points to 83,952.19 and the Nifty up 124.55 points to 25,709.85.
Nifty Oct Futures
Nifty Oct futures is up by 0.37% to 25,751 at a premium of 42 points. Nifty Oct futures open interest down by 5.85%. Nifty Options 20th Oct Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,500.
Top Gainers and Losers
Nestle India and Asian Paints were the top gainers on the benchmark index, while IT and Media saw the steepest fall.
US Market
After ending on a positive note last week, the US market is not showing any signs of weakness heading into Monday’s trade, with futures trading with considerable gains. Nasdaq futures are up 0.25% while both S&P 500 and Dow Jones futures are trading in the positive as well.
Asian Market
Asian market opened higher on Monday following two consecutive weeks of declines as easing trade tensions between the world’s largest economies bolstered sentiment, reports Bloomberg. The MSCI Asia Pacific Index rose 0.6% with the Nikkei 225 index jumping 2.4% after the region’s equities fell on Friday amid concerns over US regional banks.
Corporate Actions
Reliance Industries Q2 FY26 (Cons, QoQ) Revenue up 4.51% at Rs 2.55 lk cr versus Rs 2.43 lk crore. Ebitda up 6.94% at Rs 45885 crore versus Rs 42905 crore. Net profit down 32.7% at Rs 18165 crore versus Rs 26994 crore.
Tanla Platforms Q2 Highlights (Consolidated, QoQ) Revenue up 3.6% to Rs 1,078 crore versus Rs 1,041 crore. Net Profit up 5.6% to Rs 125 crore versus Rs 118 crore. Ebitda up 8.3% to Rs 177 crore versus Rs 165 crore.
Stocks in News
UltraTech Cement: The company to incur fresh capital expenditure (capex) of Rs 10,255 crores, which is expected to bring its cement capacity to over 240.76 million tonnes per annum (mtpa) after the completion of this cycle.
Strides Pharma: The company has partnered with Incepta to expand women’s health access through a WHO-prequalified contraceptive.
IRCON International: The company has received an order worth Rs 360 crore from Petronet LNG for civil works in Gujarat.
Market Outlook
The market is expected to remain volatile in the coming sessions, with investors keeping a close eye on the earnings season and global market trends. Stock market news and Nifty trends will be crucial in determining the market direction.
Investment Strategies
Investors are advised to remain cautious and investing strategies should be based on a long-term perspective. Stock market tips and investment advice from experts can help investors make informed decisions.