Latest Stock Market News

Eternal s shares dipped despite brokerages raising targets. Analysts are optimistic about long-term growth in food delivery and quick commerce, citing strong revenue compounding and margin improvements. While some see short-term investor disappointment, others highlight Blinkit s market share gains and unit economics, even with increased spending.

The Reserve Bank of India actively sold U.S. dollars before the market opened on Friday. This move reinforced its commitment to supporting the Indian rupee. The intervention helped the rupee open stronger against the dollar. This action follows similar pre-market interventions earlier in the week. The central bank s strategy signals a shift in its approach to managing the currency.

Diwali 2025 sees BSE and NSE closed on 21-22 October, with a one-hour afternoon Muhurat Trading session marking Samvat 2082’s start, symbolising optimism and festive market participation.

Gold s allure is captivating Asia as prices soar to new records. India is at the forefront, with festive occasions like Dhanteras and Diwali driving premiums to levels not seen in ten years, compelling investors to stock up on coins and bars. Over in China, demand is experiencing a revival, while Singapore s dealers are facing dwindling inventories.

Silver prices surged to a new high of Rs 1,70,415 per kilogram on MCX, marking a 19.8% gain for October. Analysts attribute this rally to strong festive demand, industrial restocking in solar and electronics, and expectations of US rate cuts, suggesting a phase of structural endurance for the metal.

Indian markets saw a strong rally on Thursday, with the Nifty 50 surpassing 25,600, driven by domestic earnings recovery optimism and positive global cues. Key companies like RIL, Infosys, and Wipro reported their second-quarter results, influencing trading activity. Analysts suggest a "buy on dips" strategy amidst sectoral rotation.

On Friday, South Korean stocks soared to unprecedented heights, driven primarily by the strong performance of battery manufacturers. Investor optimism surged following encouraging trade discussions between Seoul and Washington, pushing the KOSPI index to a remarkable gain. This week has proven to be exceptionally robust for the market, with hopes of continued advancement in trade negotiations on the horizon.

LTIMindtree posted a 12% YoY rise in Q2 FY26 PAT to Rs 1,401 crore, driven by steady business momentum and cost optimizations. Revenue grew 10% YoY to Rs 10,394 crore. Brokerages Nuvama and Motilal Oswal maintained ‘Buy’ ratings, citing strong constant-currency growth, expanding EBIT margins, and robust total contract value, while projecting continued growth in H2 FY26.

Motilal Oswal presents 10 stock picks for Diwali 2025. These selections are expected to see significant gains, potentially up to 38%. The Indian economy is entering a new growth phase. This is supported by fiscal and monetary tailwinds. These factors are expected to revive consumption and private capital expenditure. The chosen stocks span banking, manufacturing, consumption, and digital sectors.

Indian stocks opened lower on Friday, ending a two-day rally as IT shares dragged down the Sensex and Nifty. This decline occurred despite positive sentiment from corporate earnings recovery and consistent foreign fund inflows. The Sensex and Nifty both experienced modest drops in early trading.