Research Report : Indian Financial Markets Outlook – 15th October 2025

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

Indian markets remained in range amid weak global cues

In the early morning session, the GIFT Nifty was trading marginally lower near 25,280. The futures contract based on the benchmark Nifty 50 remained completely flat at 25,281, indicating a muted start for the Indian markets. Asian stocks rebounded after three days of losses, as optimism over a potential Federal Reserve interest-rate cut lifted sentiment and outweighed renewed US-China trade tensions.

S&P 500 futures up 0.14% while Nasdaq futures up 0.15% and Euro Stoxx 50 futures up 0.79% The Nifty ended in the red for the second consecutive session on Tuesday, after a volatile and choppy trade. The broad based profit booking amid a lack of fresh domestic triggers dent investor sentiments. At the close, the Sensex slipped 297.07 points, or 0.36%, to 82,029.98, while the Nifty fell 81.85 points, or 0.36%, to 25,145.50. Nifty fell as much as 0.66% during the day to 25,060.55, while the Sensex was also down 66% to 81,781.62.

Fundamental Update

• Tech Mahindra - Q2FY26 (QoQ) Revenue up 4.8% to Rs 13,995 crore versus Rs 13,351 crore. Net Profit up 5% to Rs 1,194.50 crore versus Rs 1,140.60 crore. Positive

• Thyrocare Technologies - Q2FY26 (YoY) Revenue up 22.1% to Rs 216.53 crore versus Rs 177.36 crore Net Profit up 81% to Rs 47.81 crore versus Rs 26.42 crore. Positive

• ICICI Lombard General Insurance - Q2FY26 (YoY) Total income up 12.5% to Rs 6,583 crore versus Rs 5,851 crore Gross Premiums written up 1.58% at Rs 7058 crore versus Rs 6948 crore. Neutral

• Cyient DLM - Q2FY26 (YoY) Revenue down 20.2% to Rs 310.60 crore versus Rs 389.40 crore Net Profit at Rs 32 crore versus Rs 15 crore. Negative

Technical Update

• NIFTY – Nifty fell amid weak sentiments to settle at 25,145 on Tuesday. Index took support at 17 day EMA of 25,060 while 25,300 is near term resistance. Today’s range – 25,050 – 25,300.

• BANKNIFTY – Bank nifty too slipped to close lower by 150 points at 56,496 on Tuesday. Index has taken support at 56,250 while 56,700 is near term resistance. Today’s range – 56,100 – 56,700.

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