Research Report : Indian Financial Markets Outlook – 10th October 2025

Ravi Bhatt
Sebi Registered Research Analyst - INH000012591
Website - www.capsavaj.com

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In the early morning session, the GIFT Nifty was trading marginally lower near 25,200 early Friday. Across Asia, markets traded mixed with Hang Seng futures dropped 1.5% while Japan’s Topix fell 1.4%. US stock futures showed little movement on Friday after both the S&P 500 and Nasdaq Composite finished lower in the previous session, retreating from the all time high. The benchmark indices slightly underperformed in comparison to the broader market indices on Thursday.

The Nifty 50 closed 0.54% higher at 25,181.80, while the Sensex closed 0.49% up at 82,172.10. The foreign portfolio investors on Thursday stayed net buyers of Indian shares for the third day. The FPIs bought stocks worth approximately Rs 1,308.16 crore, according to provisional data from the National Stock Exchange. The DIIs that have stayed net buyers for over a month bought stake worth Rs 864.36 crore.

Fundamental Update

• TCS - Q22026 (QoQ) Revenue up 3.7% at Rs 65,799 crore versus Rs 63,437 crore. Profit down 5.4% at Rs 12,075 crore versus Rs 12,760 crore. Positive

• Tata Elxsi - Q22026 (QoQ) Revenue up 2.9% to Rs 918.10 crore versus Rs 892.09 crore Net Profit up 7% to Rs 154.81 crore versus Rs 144.36 crore. Positive

• Afcons Infrastructure - The company gets an Rs 576 crore order for civil and allied infrastructure works. Positive

• Natco Pharma - The company updates that the Delhi HC's Commercial Appellate Division dismisses an appeal filed by Swiss Pharma Co. F. Hoffmann-La Roche AG. to launch a generic version of Risdiplam. Positive

Technical Update

• NIFTY – Nifty recovered all losses on day before yesterday and settled near 25,200 at 25,181 on Thursday. Index has strong support at 25K while 25,200 is still near term resistance. Today’s range – 25,000 – 25,350.

• BANKNIFTY – Bank nifty too recoupled losses and closed above 56K at 56,192 on Thursday. Index has taken support at 55,800 while 56,600 is near term resistance. Today’s range – 55,800 – 56,600.

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