Market View 09th October, 2025

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

In early Asian trade, US stock futures were slightly higher while European futures were a bit lower. Asian markets opened with a positive mood, supported by strong gains on Wall Street. Investor confidence grew as the excitement around artificial intelligence lifted major US indexes to new records. Chinese stocks listed in the US also moved higher as traders looked ahead to the reopening of mainland markets after the holiday break. In the US, the market stayed strong, helped by AI-driven optimism and expectations of more interest rate cuts from the Federal Reserve. Technology stocks recovered well, with major companies regaining earlier losses. In India, the stock market took a brief pause after several days of gains, closing slightly lower. Globally, investors are closely watching upcoming political and economic events. A key meeting between India’s Prime Minister and the UK Prime Minister is expected to strengthen bilateral ties and highlight opportunities in technology and finance at a major fintech event.

Key Quarterly Results for Today:

ARISINT, ASHIS, AVASARA, EIMCOELECO, EVOQ, GMBREW, TATAELXSI, TCS, TRITON.

Economic Calendar:

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

IPO Watch:

Brokerage Radar:

CITI ON LUPIN:

Target Rs 2260 Recommendation Buy, US$250m Investment in the US Manufacturing: A Safe and Timely Move, Investment in the US may also help the company smoothly navigate the geopolitical risks, Prefer Lupin among the US generic heavy names.

CITI ON ETERNAL:

Target Rs 395 Earlier Target Rs 320 Recommendation Buy, Growth momentum in Blinkit remains stellar, Focus on user acquisition is visible in the acceleration in app-traffic, continued investment in dark store expansion, and new cities additions, Believe, this has further solidified Blinkit’s market leadership in recent Qs.

JEFFERIES ON ADANI ENTERPRISES:

Target Rs 3000 Recommendation Buy, Mumbai’s Sky to Expand with Navi Mumbai Int’l Airport Launch, NMIA’s inauguration marks a strategic expansion in India’s aviation infra, easing congestion for MMR, Phase-1 adds 20mn pax capacity (total: 90mn), and bridges gaps to underserved regions.

MACQUARIE ON IRCTC:

Target Rs 900 Recommendation Outperform, Trinity Spotlight: RoCE, Free Cash Flow underappreciated, See high potential for re-rating for IRCTC, notwithstanding the company’s public-sector roots, Re-rating could be driven by a better appreciation of IRCTC’s impressive ROCE and FCF.

International Markets:

U.S & Europe:

*As per 09^th October.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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