Research Report : Indian Financial Markets Outlook – 16th October 2025

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

Indian markets recovered amid positive global cues

In the early morning session, the GIFT Nifty was trading marginally lower In the early morning session, the GIFT Nifty was trading marginally lower near 25,402 early Friday. Asian stocks rose at the open after US equities closed higher in a volatile session as investors weighed renewed US-China trade tensions. S&P 500 futures was up 0.12% while Nasdaq futures flat Euro Stoxx 50 futures is down 0.34%.

Meanwhile, gold surged to a new record high as escalating US-China tensions and expectations of continued Federal Reserve rate cuts boosted demand for the metal. Bullion has gained nearly 5% this week, hitting an all-time high above $4,227 an ounce on Thursday, extending a rally that began in mid-August. The Nifty ended in green on Wednesday snapping its two-day fall. At the close, the Sensex slipped 575.45 points, or 0.70%, to 82,605.43, while the Nifty rose 178.05 points, or 0.71%, to 25,323.55. The foreign portfolio investors on Wednesday turned net buyers of Indian shares, after selling for two sessions. The FPIs bought stocks worth approximately Rs 69 crore, according to provisional data from NSE.

Fundamental Update

• HDFC Life - Q2FY26 (YoY) Net premium income up 13.6% to Rs 18,871.00 crore versus Rs 16,613.70 crore Annual Premium Equivalent grew by 9% to Rs 4,188 crore. Positive

• HDB Financial – Q2FY26 (YoY) Net Profit down 1.6% to Rs 581.4 crore versus Rs 591 crore NII 19.6% to Rs 2,193 crore versus Rs 1,823 crore. Positive

• Oberoi Realty - Q2FY26 (YoY) Revenue up 34.8% to Rs 1,779.04 crore versus Rs 1,319.89 crore Net Profit up 29% to Rs 760.26 crore versus Rs 589.44 crore. Positive

• Axis Bank - Q2FY26 (YoY) Net Profit down 26.4% at Rs 5,090 crore versus Rs 6,918 crore Net interest income up 2% at Rs 13,744 crore versus Rs 13,483 crore. Negative

Technical Update

• NIFTY – Nifty rose above 25,300 on short covering to settle at 25,323 on Wednesday. Index marched upward and crossed near term high of 25,330. Next 25,450 is near term resistance. Today’s range – 25,150 – 25,450.

• BANKNIFTY – Bank nifty hit three months high to close at 56,800 on Wednesday. Index has taken support at 56,500 while 57,250 is near term resistance. Today’s range – 56,700 – 57,250.

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