Market View 03rd October, 2025

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

Asian stock markets opened higher on Friday, showing strong momentum and heading for a positive week. Optimism around artificial intelligence supported global equities, lifting investor confidence and pushing major benchmarks to fresh records. Technology stocks in the United States led the rally, with gains continuing despite weakness in other sectors. A new valuation of a leading AI firm added to enthusiasm, helping the Nasdaq extend its winning streak and supporting broader Wall Street indices. In Europe and the US, futures trading also pointed to further strength, suggesting continued optimism across global markets. Back home, Indian equities rebounded after a recent losing streak, ending the session with healthy gains. Both Sensex and Nifty recovered sharply, with intraday highs showing renewed buying interest across sectors. Overall, investor sentiment remained upbeat, supported by strong interest in technology and AI-related themes, which continue to drive confidence in global markets and provide a positive backdrop for equities heading into the new week.

Economic Calendar:

• USD: Unemployment Rate (Sep) on 03^rd October 2025.
• IND: Foreign Reserves USD on 03^rd October 2025.
• USD: S&P Global Services PMI (Sep) on 03^rd October 2025.
• IND: Bank Loan and Deposit Growth Rate Data on 03^rd October 2025.

IPO Watch:

Brokerage Radar:

MORGAN STANLEY ON AXIS BANK:

Target Rs 1450 Earlier Target ₹1325 Recommendation Overweight, Revisiting the turnaround story, Bank has taken significant additional steps over the past year, Bank should get traction as the macro climate improves, Expect re-rating relative to large private banks to be gradual.

JEFFERIES ON ALLIED BLENDERS:

Target Rs 620 Recommendation Buy, Backward integration plans remain on track with recent addition of a PET bottle mfg. facility and work underway on a malt distillery, Single malt launch likely in 4-5 years, These factors along with distillery expansion in Maharashtra, to drive 300bps margin uplift over FY25-28e and strengthen franchise in key states.

GOLDMAN SACHS ON L&T:

Target Rs 3540 Recommendation Neutral, Expect a good quarter; market focus to shift to FY27, Expect healthy double digit growth in revenue, EBITDA and PAT driven by a strong order book, Order inflow growth of 15% YoY, Expect EPC and installation of offshore structures in Middle East to be included.

MS ON KOTAK MAHINDRA BANK:

Target Rs 2600 Recommendation Overweight, Believe the share price will rise relative to the industry over the next 30 days, Remain positive given its strong setup and exposure to segments that benefit from macro recovery, After two years of headwinds, the bank is now on the front foot with rising disbursements and stable margins.

International Markets:

U.S & Europe:

*As per 03^rd October.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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