Market View 08th October, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian markets opened slightly lower as investors turned cautious after Wall Street’s recent pullback from record highs. Technology stocks led the decline across the region. Trading volumes were thin with China and South Korea closed for holidays. Japanese shares rose, while Australian stocks slipped. US futures were marginally higher, whereas European contracts traded slightly lower during Asian hours. On Wall Street, major indices ended their winning streak as investors shifted away from large technology companies. The S&P and Nasdaq both declined, while the Dow also edged lower. In India, domestic markets showed stability after four days of gains, ending the session almost flat. Key developments to watch include Prime Minister Narendra Modi’s inauguration of the India Mobile Congress and the first phase of the Navi Mumbai International Airport. UK Prime Minister Keir Starmer also begins his two-day visit to India, highlighting growing diplomatic and economic engagement between the two nations.

Economic Calendar:

• USD: Crude Oil Inventories on 08^th October 2025.
• IND: Foreign Reserves USD on 10^th October 2025.
• USD: Initial and Continuing Jobless Claim Data on 09^th October 2025.
• IND CPI (Sep) on 13^th October 2025.

IPO Watch:

Brokerage Radar:

UBS ON CANARA BANK:

Target Rs 150 Recommendation Buy, Steady earnings profile, Business metrics to remain stable; ROA/ROE to stay at 1%/16% over FY26-28E, Loan growth outlook steady; pressure on NIM to be relatively lower, Credit cost likely to remain controlled; ROA to remain at 1%.

INVESTEC ON PETRONET LNG:

Target Rs 400, Short-term weakness, strong long-term opportunity, Potential global LNG supply glut could further ease prices, lifting demand further, Well-positioned to benefit, supported by its scale, low-cost structure, and capacity expansions at Dahej and Kochi.

UBS ON DABUR:

Target Rs 500 Recommendation Sell, Q2 FY26 revenue growth in mid single digits is in-line, if transitory impact of GST is excluded, Beverages continues to struggle; International also slows down Overall in-line.

JPMORGAN ON TITAN:

Target Rs 3500, Festive fervor aided by attractive offers drives healthy jewellery growth, Jewellery: Gold price led revenue growth, With better than feared revenue print, expect a positive share price move.

International Markets:

U.S & Europe:

*As per 08^th October.

Asian markets:

**As per 30^th September.

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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