Market View 10th October, 2025

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

Asian markets started the day on a mixed note as investors stayed cautious amid global uncertainties. Hong Kong shares declined, Japan’s market weakened, while Australia’s market held steady. European futures also showed no major movement, signaling a lack of strong direction. In the United States, stock futures were flat after major indexes eased from record highs in the previous session. The recent pullback came as investors closely followed the ongoing government shutdown and awaited new economic data. In India, equity benchmarks ended the last session with moderate gains, supported by steady buying in key sectors. On the policy front, NITI Aayog will release a new paper aimed at modernizing and simplifying the tax system to build greater trust between taxpayers and the government. At the same time, the Ministry of Culture will open a new exhibition at the National Archives of India. Overall, global markets are moving carefully, with investors waiting for stronger signals on economic direction before taking fresh positions.

Key Quarterly Results for Today:

AAATECH, AFFORDABLE, ANTARIKSH, BIZOTIC, ELECON, GKENERGY, HATHWAYB, INTENTECH, OSWALOR, PRIYALT, PROFINC, SHPLPUNE, VIVIDM, WAAREEINDO, WAAREERTL, YASHHV.

Economic Calendar:

• USD: Average Hourly Earnings (Sep) on 10^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:

JEFFERIES ON TCS:

Target Rs 3100 Earlier Target Rs 3230 Recommendation Hold, Weak Growth; Data Center to add limited upside, Growth in key markets is yet to recover and 3% QoQ decline in headcount does not bode well, While TCS’ intent to invest for growth is promising, its data center foray has limited synergies.

MORGAN STANLEY ON GODREJ PROPERTIES:

Target Rs 2400, Believe share price will rise over the next 60 days, Expect Godrej to report robust Q2 presales of Rs 9300 cr, This marks a sharp recovery from a muted Q1, positioning Godrej as the strongest performer, Valuations look attractive.

JPMORGAN ON PREMIER ENERGIES:

Target Rs 1019 Recommendation Buy, A growing solar cell supply overhang, Supply overhang could be larger than expected, Anti-dumping duties may become irrelevant, Upstream integration could compensate for margin losses.

CITI INDIA STRATEGY:

EBITDA Growth Commodities Led; Revisions Key Watch, Expect Q2 EBITDA growth at ~5% ex-commodities and 10% ex-commodities ex-financials, Headline EBITDA growth est. is 13% YoY, commodities led, With NIMs bottoming out & credit growth starting to improve, earnings in Financials may be bottoming out, Management commentary on sustenance of urban consumption recovery post GST-cuts will be key to watch and could further aid earnings.

International Markets:

U.S & Europe:

*As per 10^th October.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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