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IT, Pharma and metals shares led the rally while media and PSU Bank shares capped some of the gains.
At 13:25 IST, the barometer index, the S&P BSE Sensex rose 472.80 points or 0.57% to 83.703.37. The Nifty 50 index added 148.25 points or 0.58% to 25,639.40.
In the broader market, the S&P BSE Mid-Cap index rose 0.62%, while the S&P BSE Small-Cap index shed 0.24%.
The market breadth was negative. On the BSE, 2,013 shares rose and 2,192 shares fell. A total of 204 shares were unchanged.
Economy:
India’s foreign exchange reserves fell by $5.6 billion to $689.73 billion in the week ended October 31, 2025, the Reserve Bank of India (RBI) said on Friday.
For the week ended October 31, foreign currency assets, a major component of the reserves, decreased by $1.9 billion to $564.59 billion, the RBI data showed.
Value of gold reserves declined by $3.8 billion to $101.72 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $19 million to $18.64 billion, the apex bank said.
Meanwhile, India's reserve position with the IMF was up by $16.4 million at $4.77 billion in the reporting week, the data showed.
Gainers & Losers:
Infosys (up 2.86%), Grasim Industries (up 1.98%), HCL Technologies (up 1.72%), Asian Paints (up 1.67%) and Coal India (up 1.61%) were the major Nifty50 gainers.
Trent (down 7.38%), Tata Consumer Products (down 1.92%), Max Healthcare Institute (down 1.39%), Apollo Hospitals Enterprise (down 1.01%) and Eternal (down 0.93%) were the major Nifty50 losers.
Trent slumped 7.38% after the company reported a steady performance for the September quarter. Its consolidated revenue from operations rose 16% year-on-year to Rs 4818 crore and EBITDA increased 14% to Rs 575 crore, while profit after tax grew 11% to Rs 373 crore. The company clarified that its consolidated revenue excludes sales from the Trent Hypermarket business due to accounting standards, though its share of profit from the venture is included under the equity method.
Stocks in Spotlight:
FSN E-Commerce Ventures (Nykaa) rallied 6.83% after the company reported a 242.9% surge in consolidated net profit to Rs 34.43 crore on 25.1% increase in revenue from operations to Rs 2,345.98 crore in Q2 Sept 2025 over Q2 Sept 2024.
Shipping Corporation of India tanked 5.55% after it has reported 35.09% decrease in consolidated net profit to Rs 189.16 crore in Q2 FY26 as against Rs 291.44 crore posted in Q2 FY25. Revenue from operations declined 7.71% year on year to Rs 1,338.87 crore in the quarter ended 30 September 2025.
HPL Electric & Power surged 7.27% after the company said that the HPL Group and its promoters have signed a settlement agreement with Havells India. This settlement agreement resolves all pending disputes and litigations related to the use of word/ mark 'HAVELLS', including suits filed in various courts including the Delhi High Court and various special leave petitions (SLPs) filed in the Supreme Court.
As part of the settlement, the HPL Group has acknowledged that Havells India & its promoters’ absolute rights to the 'HAVELLS' mark since 1971.
Transformers and Rectifiers (India) hit a lower limit of 20% after the company reported a soft set of numbers for Q2 FY26. On a consolidated basis, revenue from operations stood at Rs 460 crore, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore, with PAT margin narrowing to 7.9%, down from 9.7% last year.
HBL Engineering surged 9.96% after the company reported a more than fourfold jump in consolidated net profit to Rs 387.27 crore in Q2 FY26, compared with Rs 87.26 crore in the same quarter last year. Revenue from operations surged 134.7% YoY to Rs 1,222.90 crore in Q2 September 2025.
National Aluminium Company (NALCO) surged 8.79% after the company reported a strong performance for the September quarter (Q2 FY26), driven by improved operational efficiency, higher alumina output, and cost optimization initiatives. On a standalone basis, the company’s net profit surged 34.93% year-on-year to Rs 1,433.17 crore on a 7.27% rise in revenue from operations to Rs 4,292.34 crore in Q2 FY26 over Q2 FY25.
Global Markets:
Europe and Asia-Pacific markets advanced on Monday amid renewed optimism that the prolonged U.S. government shutdown could soon end.
On Sunday, the U.S. Senate moved closer to voting on a bill to reopen the federal government, following encouraging bipartisan discussions led by Senate Majority Leader John Thune.
The record-long shutdown has weighed heavily on the U.S. economy, leaving federal employees across critical sectors—from aviation to defense—unpaid, while the Federal Reserve operates with limited economic data.
White House economic adviser Kevin Hassett reportedly warned that if the impasse persists, fourth-quarter GDP could turn negative. Supporting this concern, U.S. consumer sentiment fell to a near three-and-a-half-year low in early November.
In Asia, investors digested stronger-than-expected inflation data from China, where October’s headline CPI rose 0.2% year-on-year, while producer prices declined 2.1%.
Meanwhile, minutes from the Bank of Japan’s October meeting signaled that conditions for a rate hike 'have almost been met,' though policymakers remained cautious about underlying inflation trends.
On Friday stateside in the U.S., the Nasdaq Composite continued to fall, but the Dow Jones Industrial Average and S&P 500 inched into positive territory after Senate Minority Leader Chuck Schumer offered up a new plan to Republicans that would enable the record-breaking U.S. government shutdown to end.
The tech-heavy index shed 0.21% to finish at 23,004.54. In contrast, the S&P 500 and the Dow Jones Industrial Average inched into the green. The broad-based index gained 0.13% to close at 6,728.80, while the 30-stock index added 74.80 points, or 0.16%, to settle at 46,987.10.
A survey from the University of Michigan revealed Friday that consumer sentiment in the country has neared its lowest level ever. The data comes just a day after firm Challenger, Gray & Christmas reported that layoff announcements in October reached their highest level for the month in 22 years.
In the cash market, The Nifty 50 index advanced 82.05 points or 0.32% to 25,574.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 2.05% to 12.30.
Trent, Infosys and National Aluminium Company (Nalco) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The November 2025 F&O contracts will expire on 25 November 2025.
Infosys has developed an AI Agent designed to digitally transform operations in the energy sector. This productivity solution leverages Infosys Topaz, an AI-first offering using generative AI technologies, Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, alongside Microsoft Copilot Studio, Azure OpenAI in Foundry Models, and ChatGPT4o. It enhances operations by using conversational AI to transform real-time data into actionable insights, providing critical information, automating reports, and boosting safety, reliability, efficiency and decision-making.
The AI Assistant intelligently processes a variety of reports, including well logs, images, plots, and tables, to help streamline operations. In addition, it provides predictive insights and early warnings to anticipate real-time operational challenges, enabling users to better plan work, minimize delays and errors, and access information instantly. This ultimately leads to improved safety and reliability, wellbore quality, optimized operations performance, and reduced non-productive time (NPT).
The company also confirmed that its promoter and promoter group have expressed their intention not to participate in the buyback. The move signals confidence in the company's prospects and improves the buyback entitlement ratio for small investors.
As on September 2025, the promoters collectively held 14.30% of the company's equity.
The buyback will commence following shareholder approval and regulatory clearances.
Infosys is a global leader in next-generation digital services and consulting.
The company reported 6.4% rise in consolidated net profit to Rs 7,364 crore on a 5.2% increase in revenue to Rs 44,490 crore in Q2 FY25 over Q1 FY25. On a year-on-year basis, the company's net profit and revenues have grown by 13.2% and 8.6%, respectively.
For FY26, the company has raised its revenue growth guidance to 2-3% in constant currency (CC), up from the earlier range of 1-3%. The operating margin forecast remains unchanged at 20%-22%.
Silver Touch Technologies Ltd gained 5.07% today to trade at Rs 748.95. The BSE Information Technology index is up 1.6% to quote at 35117.35. The index is up 1 % over last one month. Among the other constituents of the index, Birlasoft Ltd increased 3.08% and Infosys Ltd added 2.83% on the day. The BSE Information Technology index went down 16.78 % over last one year compared to the 6.33% surge in benchmark SENSEX.
Silver Touch Technologies Ltd has added 3.4% over last one month compared to 1% gain in BSE Information Technology index and 3.72% rise in the SENSEX. On the BSE, 2 shares were traded in the counter so far compared with average daily volumes of 1025 shares in the past one month. The stock hit a record high of Rs 879.85 on 16 May 2025. The stock hit a 52-week low of Rs 621 on 06 Mar 2025.
Barring Oil & Gas all the sectoral indices on the NSE were traded in green with IT, private bank and PSU Bank shares leading the rally.
At 14:25 ST, the barometer index, the S&P BSE Sensex rallied 668.14 points or 0.79% to 85,094.48. The Nifty 50 index rose 181.50 points or 0.70% to 26,050.40.
In the broader market, the S&P BSE Mid-Cap index advanced 0.32% and the S&P BSE Small-Cap index fell 0.06%.
The market breadth was negative. On the BSE, 2,032 shares rose and 2,078 shares fell. A total of 172 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was rose 4.33% to 11.79.
Infosys (up 4.79%), HCL Technologies (up 3.82%), Tata Consultancy Services (TCS) (up 2.80%), Shriram Finance (up 2.73%) and Tech Mahindra (up 2.18%) were the major Nifty50 gainers.
Eternal (down 2.37%), Bharti Airtel (down 1.22%), Interglobe Aviation (Indigo) (down 1.20%), Eicher Motors (down 1.19%) and Adani Ports & Special Economic Zone (APSEZ) (down 0.78%) were the major Nifty50 losers.
Infosys rallied 4.79% after the IT major said it has filed a draft letter of offer with the U.S. Securities and Exchange Commission (SEC) for its proposed Rs 18,000 crore share buyback. The IT major aims to buy back 10 crore shares at an average price of Rs 1,800 per share, representing up to 2.41% of the company’s paid-up equity capital. This is the largest and the fifth buyback by the company in the last decade. The company also confirmed that its promoter and promoter group have expressed their intention not to participate in the buyback.
The infrastructure output in India rose 3% from the previous year in September of 2025, slowing from the upwardly revised 6.5% increase in August, which was the sharpest pace of growth in over one year.
Production fell for coal, crude oil, natural gas, and refinery products, as the US continued to pressure India to halt the intake of Russian crude energy commodities, which pressured domestic consumption and export demand for refineries and processers.
In turn, electric power output also slowed. Still, construction inputs were more robust, with cement output holding loosely unchanged and steel production accelerating.
Tata Teleservices (Maharashtra) declined 1.52% after the company reported net loss of Rs 320.82 crore in Q2 FY26 compared with loss of Rs 330.39 crore posted in corresponding quarter last year. Revenue from operations fell 16.7% YoY to Rs 286.13 crore during the quarter ended 30th September 2025.
Epack Prefab Technologies surged 16.63% after the company’s consolidated net profit surged 104.2% to Rs 29.47 crore on 61.9% increase in net sales to Rs 433.94 crore in Q2 FY26 over Q2 FY25.
Gulshan Polyols surged 8.60% after the company secured an order worth Rs 1,185 crore to supply ethanol to oil marketing companies under the Ethanol Blended Petrol Programme (EBPP). The company will supply 1,75,652 Kiloliters of ethanol to Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery And Petrochemicals (MRPL).
Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Megha City Gas Distribution. Under the agreement, Zaggle will provide its Fleet Program to Megha City Gas Distribution. The contract is set to be executed over a period of five years.
Most European markets advanced as investors prepared for earnings reports that could provide clues on business activity and confidence in the region.
Asia-Pacific markets declined on Thursday, mirroring losses on Wall Street as renewed concerns over U.S.-China trade tensions weighed on sentiment.
Trade fears resurfaced after reports on Wednesday suggested that the Trump administration is considering new export restrictions on products made with U.S. software and technology destined for China.
According to a U.S. official and three individuals briefed by authorities, the potential measures could cover a broad range of goods — from laptops to jet engines — though the plan remains under discussion and may not ultimately be implemented.
U.S. equity futures edged lower in early Asian trading after all three major U.S. benchmarks fell overnight, pressured by disappointing earnings from companies such as Texas Instruments and Netflix.
The Dow Jones Industrial Average slipped 334.33 points (0.71%) to 46,590.41, while the S&P 500 declined 0.53% to 6,699.40. The Nasdaq Composite dropped 0.93% to 22,740.40.
At their session lows, the Dow had fallen over 400 points, and the S&P 500 and Nasdaq were down 1.2% and 1.9%, respectively.
The Nifty IT index rose 2.64% to 36,230.15. Infosys (up 4.40%), HCL Technologies (up 3.19%), TCS (up 2.41%), Mphasis (up 2.20%), Wipro (up 1.74%), LTIMindtree (up 1.47%), Tech Mahindra (up 1.26%), Persistent Systems (up 1.21%), and Coforge (up 1.10%) surged.
Infosys jumped after its promoters decided not to participate in the Rs 18,000 crore share buyback. The move signals confidence in the company’s prospects and improves the buyback entitlement ratio for small investors.
Reports said India and the US are in advanced talks to reduce tariffs on Indian exports to 15-16% from 50%. The IT sector, which earns a large share of its revenue from the US, could gain significantly from the deal.
Meanwhile, the US is reportedly considering curbs on software exports to China, which may benefit Indian IT companies as alternative suppliers.
The rally was also supported by global cues. Investors expect another US Fed rate cut in December, which could lift discretionary spending and technology demand.
Analysts said optimism is returning to the Indian IT space, with hopes of stronger growth in the second half of FY26.