Market View 28th October, 2025

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

Global stock markets paused after a strong rally, as investors awaited major tech earnings and central bank policy decisions this week. Shares in Japan and South Korea eased after reaching record highs. The yen strengthened following comments from Japan’s finance minister about monitoring the currency. South Korea’s economy showed steady growth in the recent quarter. In the US, markets closed at record highs supported by optimism over trade progress between Washington and Beijing. Chinese and US officials are preparing to announce new agreements at an upcoming summit. Strong company results and cost control have helped US firms stay resilient despite trade tensions. Indian markets also ended higher, supported by positive economic momentum, festive season demand, and steady government spending. Investors now await updates on India’s trade talks with the EU, a cabinet meeting, and new industrial production data. Overall, sentiment remained positive but cautious ahead of key global events.

Key Quarterly Results for Today:

ABREL, ACCEDERE, ADANIGREEN, BLUEDART, BONDADA, CAMS, CARTRADE, COMFINCAP, DCMSHRIRAM, HAPPSTMNDS, HEMIPROP, ICRA, IDEAFORGE, INFOBEAN, JINDALSTEL, M&MFIN, MAXHEIGHTS, NEWGEN, NIITLTD, PREMIERENE, RAYMONDREL, SAKHTISUG, SHREECEM, STARHEALTH, TATACAP, TVSHLTD, TVSMOTOR, VERANDA, VSSL.

Economic Calendar:

• USD: House Price Index on 28^th October 2025.
• IND: Industrial Production (YoY) on 28^th October 2025.
• USD: Monetary Policy on 29^th October 2025.
• IND: Foreign Reserves (USD) on 31^st October 2025.

IPO Watch:

Brokerage Radar:

CITI ON VODAFONE IDEA:

Target Rs 10 Recommendation Buy (High Risk), Supreme Court Order Paves Way for Gov’t AGR Relief, Believe this could have significant positive ramifications for Voda Idea and, by extension, for Indus Towers, Relief from the government should be forthcoming well ahead of this deadline – ie, in the coming weeks and months.

CITI ON BATA:

Target Rs 750 Earlier Target Rs 850 Recommendation Sell, Growth and Profitability Remain Weak, Mgmt highlighted growth was impacted due to deferment of purchases on account of GST cut and disruption in one of the largest warehouses in July 2025, Profitability was impacted by higher markdown and higher marketing investments.

JEFFERIES ON IOCL:

Target Rs 180 Earlier Target Rs 160 Recommendation Buy, EBITDA beat by 33%, driven by strong refining, Marketing was down sharply QoQ and was in line, Govt’s compensation for LPG losses will boost earnings over, H2FY26-FY27 and lower net debt.

JEFFERIES ON SONA BLW:

Target Rs 585 Earlier Target Rs 515 Recommendation Buy, Regaining Momentum, After two quarters of decline, Sep-Q EBITDA grew 13% YoY, led by railway business acquisition, Sona is finding new growth avenues with suspension modules, orders for Mexico plant, and development of rare-earth-free motors.

International Markets:

U.S & Europe:

*As per 28^th October.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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