Morning Alert..
*India may raise Saudi oil purchases after pulling away from Russian crude*
India oil imports, Saudi Aramco supply, Russian crude decline, Asia oil demand, OPEC supply increase, India energy shortfall, China Saudi oil cuts, refinery maintenance China, Indian refiners Russian oil, global crude markets. India will be among Asian buyers taking more oil from Saudi Aramco next month after pulling away from Russian crude, though the modest rise has left traders wondering how the world’s third-largest importer will fill a shortfall of up to 1.2 million barrels a day. China, meanwhile, has surprised traders by reducing Saudi imports, a drop some attributed to planned refinery maintenance at a state-owned company and more purchases from other regions such as the Americas. At least 18 to 20 million more barrels were sought by customers across India, Japan, South Korea and Taiwan for December compared with this month, as Saudi’s selling prices were deemed attractive, according to people familiar with the sale, who asked not to be named as they’re not authorized to speak publicly. Sales to China dipped by close to four million barrels. India’s purchases rose about five million barrels month-on-month, they added. The requests were met by Aramco. Still, the amount is only a fraction of what the country needs to fill the gap left by Russian oil after US pressure and sanctions — five out of seven refiners have said they would steer clear of Moscow’s crude.
*Global market action*
Dow Jones – Up by 0.53% or 243.41 points
FTSE – Down by 0.47% or 44.89 points
CAC – Down by 0.18% or 14.16 points
DAX – Down by 0.08% or 17.61 points
Gift Nifty – Up by 0.34% or 89.50 points
*FII/DII activities*
FII – Bought 1580.72Cr worth of shares
DII – Bought 1360.27Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Gland Pharma Ltd – 92.8%
Gujarat State Petronet Ltd – 86.9%
Concord Biotech Ltd – 86.7%
Vijaya Diagnostic Center Ltd – 84.5%
AIA Engineering Ltd – 82.1%
*Commodities updates*
Gold – Rs 123042/10gm, Silver – Rs 154850/kg, Brcrude – Rs 5253/barrel, Copper – Rs 1001.85/kg.
*India may raise Saudi oil purchases after pulling away from Russian crude*
India oil imports, Saudi Aramco supply, Russian crude decline, Asia oil demand, OPEC supply increase, India energy shortfall, China Saudi oil cuts, refinery maintenance China, Indian refiners Russian oil, global crude markets. India will be among Asian buyers taking more oil from Saudi Aramco next month after pulling away from Russian crude, though the modest rise has left traders wondering how the world’s third-largest importer will fill a shortfall of up to 1.2 million barrels a day. China, meanwhile, has surprised traders by reducing Saudi imports, a drop some attributed to planned refinery maintenance at a state-owned company and more purchases from other regions such as the Americas. At least 18 to 20 million more barrels were sought by customers across India, Japan, South Korea and Taiwan for December compared with this month, as Saudi’s selling prices were deemed attractive, according to people familiar with the sale, who asked not to be named as they’re not authorized to speak publicly. Sales to China dipped by close to four million barrels. India’s purchases rose about five million barrels month-on-month, they added. The requests were met by Aramco. Still, the amount is only a fraction of what the country needs to fill the gap left by Russian oil after US pressure and sanctions — five out of seven refiners have said they would steer clear of Moscow’s crude.
*Global market action*
Dow Jones – Up by 0.53% or 243.41 points
FTSE – Down by 0.47% or 44.89 points
CAC – Down by 0.18% or 14.16 points
DAX – Down by 0.08% or 17.61 points
Gift Nifty – Up by 0.34% or 89.50 points
*FII/DII activities*
FII – Bought 1580.72Cr worth of shares
DII – Bought 1360.27Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Gland Pharma Ltd – 92.8%
Gujarat State Petronet Ltd – 86.9%
Concord Biotech Ltd – 86.7%
Vijaya Diagnostic Center Ltd – 84.5%
AIA Engineering Ltd – 82.1%
*Commodities updates*
Gold – Rs 123042/10gm, Silver – Rs 154850/kg, Brcrude – Rs 5253/barrel, Copper – Rs 1001.85/kg.
Special Situation Stock ( High Conviction)
HCC ( HINDUSTAN CONSTRUCTION) CMP 24
TEST RESISTANCE 28 / 30 / 35 SL 21
COMING DAYS VIEW SHORT TERM VIEW
HCC ( HINDUSTAN CONSTRUCTION) CMP 24
TEST RESISTANCE 28 / 30 / 35 SL 21
COMING DAYS VIEW SHORT TERM VIEW
Hindustan Construction Company (HCC), founded in 1926 by Seth Walchand Hirachand, is a leading Indian infrastructure and engineering firm known for landmark projects such as the Bandra-Worli Sea Link and the Sardar Sarovar Dam. It has played a major role in India's infrastructure development with expertise in hydropower, roads, bridges, tunnels, and urban infrastructure. HCC combines nearly a century of experience with advanced technology and a focus on sustainable construction to maintain industry leadership. Its projects have been pivotal in shaping India’s infrastructure landscape.
Key invest.ent thesis
Robust Order Book and Business Wins - HCC maintains a strong order book, recently standing at about ₹13,152 crore, with new contracts worth ₹2,770 crore, including prestigious projects for Patna Metro and Hindalco Smelter. This strong project pipeline and fresh order inflows reinforce its leadership position in the infrastructure sector, supporting future revenue stability and growth.
Focused Deleveraging and Fundraising - The company has actively reduced its debt levels, repaying ₹339 crore in prepayments during FY26 and planning an additional ₹450 crore repayment soon. It also completed significant fundraises—₹350 crore via a rights issue and ₹600 crore through a Qualified Institutional Placement (QIP)—which has bolstered its working capital and improved liquidity for ambitious execution.
Consistent EBITDA Margin Performance - Despite year-on-year declines in turnover and net profit, HCC has sustained healthy EBITDA margins, reporting 16.1% in Q2 FY26, which underscores operational efficiency and prudent cost management. This focus on profitability and execution keeps the company competitive, even during challenging times.
Successful Project Execution and Strategic Focus - HCC successfully inaugurated key infrastructure assets like Mumbai Metro Line 3 and the Tehri Pumped Storage Project, demonstrating its project management excellence and engineering capabilities. The company’s strategic emphasis on hydro, transport, and water infrastructure projects further positions it to benefit from national growth priorities, expanding its market reach and sectoral strengths.
Key invest.ent thesis
Robust Order Book and Business Wins - HCC maintains a strong order book, recently standing at about ₹13,152 crore, with new contracts worth ₹2,770 crore, including prestigious projects for Patna Metro and Hindalco Smelter. This strong project pipeline and fresh order inflows reinforce its leadership position in the infrastructure sector, supporting future revenue stability and growth.
Focused Deleveraging and Fundraising - The company has actively reduced its debt levels, repaying ₹339 crore in prepayments during FY26 and planning an additional ₹450 crore repayment soon. It also completed significant fundraises—₹350 crore via a rights issue and ₹600 crore through a Qualified Institutional Placement (QIP)—which has bolstered its working capital and improved liquidity for ambitious execution.
Consistent EBITDA Margin Performance - Despite year-on-year declines in turnover and net profit, HCC has sustained healthy EBITDA margins, reporting 16.1% in Q2 FY26, which underscores operational efficiency and prudent cost management. This focus on profitability and execution keeps the company competitive, even during challenging times.
Successful Project Execution and Strategic Focus - HCC successfully inaugurated key infrastructure assets like Mumbai Metro Line 3 and the Tehri Pumped Storage Project, demonstrating its project management excellence and engineering capabilities. The company’s strategic emphasis on hydro, transport, and water infrastructure projects further positions it to benefit from national growth priorities, expanding its market reach and sectoral strengths.
Morning Alert..
*India's core sector momentum stalled as output hits 14-month low in October*
Output from India’s eight core sectors flatlined in October from an upgraded 3.3 per cent uptick in September, as growth in construction-linked sectors and refinery products was negated by marked contractions in energy sectors like coal, natural gas and electricity, according to data released by the Ministry of Commerce and Industry on Thursday. The Index of Core Industries (ICI) stood at 162.4 in October, unchanged from a year ago, and this zero per cent growth represents the worst performance in 14 months. In October 2024, core sectors’ output had registered a growth of 3.8 per cent. The last time the ICI growth was lower than October was in August 2024, when output contracted 1.5 per cent. On a sequential basis, however, October’s core sector output was 1.18 per cent over September levels, when the ICI stood at 160.5, the weakest reading in ten months. Interestingly, six of eight core sectors reported sequential growth, while steel and electricity output shrank 1.68 per cent and 9.93 per cent from their September levels, respectively. Output in coal, which carries the largest weight among the energy components of the ICI, fell 8.5 per cent in October, while crude oil production declined 1.2 per cent, marking the second straight month of contraction and the ninth such occasion in 2025. Electricity generation tanked 7.6 per cent in October, breaking a three-month growth streak, while natural gas output fell 5 per cent for the 16th consecutive month.
*Global market action*
Dow Jones – Up by 0.51% or 234.86 points
FTSE – Up by 0.21% or 20.24 points
CAC – Up by 0.34% or 27.30 points
DAX – Up by 0.50% or 115.93 points
Gift Nifty – Down by 0.05% or 13.50 points
*FII/DII activities*
FII – Bought 283.65Cr worth of shares
DII – Bought 824.46Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Indiamart Intermesh Ltd – 90.7%
Mankind Pharma Ltd – 90.2%
Emami Ltd – 84.2%
The Ramco Cement Ltd – 82.3%
Metropolis Healthcare Ltd – 81.6%
*Primary market activities*
IPO opening today
Sudeep Pharma Ltd (Main board) – Issue size 895Cr
Listing today
Capillary Technologies India Ltd (Main board) – Subscribed 52.98x
*Commodities updates*
Gold – Rs 122751/10gm, Silver – Rs 154080/kg, Brcrude – Rs 5255/barrel, Copper – Rs 996.85/kg.
*India's core sector momentum stalled as output hits 14-month low in October*
Output from India’s eight core sectors flatlined in October from an upgraded 3.3 per cent uptick in September, as growth in construction-linked sectors and refinery products was negated by marked contractions in energy sectors like coal, natural gas and electricity, according to data released by the Ministry of Commerce and Industry on Thursday. The Index of Core Industries (ICI) stood at 162.4 in October, unchanged from a year ago, and this zero per cent growth represents the worst performance in 14 months. In October 2024, core sectors’ output had registered a growth of 3.8 per cent. The last time the ICI growth was lower than October was in August 2024, when output contracted 1.5 per cent. On a sequential basis, however, October’s core sector output was 1.18 per cent over September levels, when the ICI stood at 160.5, the weakest reading in ten months. Interestingly, six of eight core sectors reported sequential growth, while steel and electricity output shrank 1.68 per cent and 9.93 per cent from their September levels, respectively. Output in coal, which carries the largest weight among the energy components of the ICI, fell 8.5 per cent in October, while crude oil production declined 1.2 per cent, marking the second straight month of contraction and the ninth such occasion in 2025. Electricity generation tanked 7.6 per cent in October, breaking a three-month growth streak, while natural gas output fell 5 per cent for the 16th consecutive month.
*Global market action*
Dow Jones – Up by 0.51% or 234.86 points
FTSE – Up by 0.21% or 20.24 points
CAC – Up by 0.34% or 27.30 points
DAX – Up by 0.50% or 115.93 points
Gift Nifty – Down by 0.05% or 13.50 points
*FII/DII activities*
FII – Bought 283.65Cr worth of shares
DII – Bought 824.46Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Indiamart Intermesh Ltd – 90.7%
Mankind Pharma Ltd – 90.2%
Emami Ltd – 84.2%
The Ramco Cement Ltd – 82.3%
Metropolis Healthcare Ltd – 81.6%
*Primary market activities*
IPO opening today
Sudeep Pharma Ltd (Main board) – Issue size 895Cr
Listing today
Capillary Technologies India Ltd (Main board) – Subscribed 52.98x
*Commodities updates*
Gold – Rs 122751/10gm, Silver – Rs 154080/kg, Brcrude – Rs 5255/barrel, Copper – Rs 996.85/kg.
Cheapest Infra Stock ( Biggest Movement Expected )
Univastu india 67 / 70
Test Resistance 120 / 140 Sl 58
Coming Days View Strong View
Univastu india 67 / 70
Test Resistance 120 / 140 Sl 58
Coming Days View Strong View
Equity99
Cheapest Infra Stock ( Biggest Movement Expected ) Univastu india 67 / 70 Test Resistance 120 / 140 Sl 58 Coming Days View Strong View
Ready To Break 75 Soon💲 💲 💲 💲
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Equity99
Cheapest Infra Stock ( Biggest Movement Expected ) Univastu india 67 / 70 Test Resistance 120 / 140 Sl 58 Coming Days View Strong View
Hot High 75.99🔤 🔤 🔤 🔤 🔤
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Equity99
Cheapest Infra Stock ( Biggest Movement Expected ) Univastu india 67 / 70 Test Resistance 120 / 140 Sl 58 Coming Days View Strong View
Ready To Bounce back From Lower Levels Towards 80 Next 2 days 🔤 🔤 🔤 🔤
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Equity99
https://www.moneycontrol.com/news/business/earnings/univastu-india-standalone-september-2025-net-sales-at-rs-46-07-crore-up-65-47-y-o-y-13688175.html
Again ready to break towards 75⚡️⚡️⚡️⚡️⚡️⚡️
Equity99
Trend reversal move on daily chart of UNIVASTU Look at the DAILY chart of UNIVASTU. After down trend stock has formed a trend reversal move on daily chart. MACD also turns bullish. Now above 71 expect rally up to 85/93 levels fast.
Ready To Break soon 100🔤 🔤 🔤
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Morning Alert..
*NMP 2.0: Railways targets ₹2.5 trillion asset monetisation in five years*
In its largest private-investment drive, the Ministry of Railways will monetise assets worth ₹2.5 trillion over five years as part of the second phase of the national monetisation pipeline (NMP 2.0), Business Standard has learnt. The ₹10 trillion pipeline, which will be the bedrock of central monetisation strategy till 2029-30, announced by Union Finance Minister Nirmala Sitharaman in her Budget speech in February, is in preparatory stages with individual ministries having made initial asset pipelines, and is expected to be unveiled soon. The railways will look to meet this target through public-private partnership (PPP) models and a multi-asset approach, a ministry spokesperson said. In monetisation, the government leverages revenue-generating operational assets by bringing in private participation through PPP, generally on a revenue-sharing basis. “Using this multi-asset approach, the ministry plans to monetise Gati Shakti Cargo Terminals and bring in new freight trains through private funding. Proceeds are expected to be realised through station redevelopment and commercial development around stations in PPP mode, as currently under progress for Vijayawada station,” the spokesperson added.
*Global market action*
Dow Jones – Up by 0.29% or 134.61 points
FTSE – Up by 0.13% or 12.06 points
CAC – Up by 0.02% or 1.58 points
DAX – Down by 0.81% or 186.98 points
Gift Nifty – Up by 0.32% or 83.00 points
*FII/DII activities*
FII – Sold 1766.05Cr worth of shares
DII – Bought 3161.61Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Grindwell Norton Ltd – 93.7%
V-Guard Industries Ltd – 89.4%
Lupin Ltd – 87.5%
Vijaya Diagnostics Centre Ltd – 84.2%
Godrej Consumer Products Ltd – 83.8%
*Commodities updates*
Gold – Rs 124175/10gm, Silver – Rs 154218/kg, Brcrude – Rs 5196/barrel, Copper – Rs 1002.95/kg.
*NMP 2.0: Railways targets ₹2.5 trillion asset monetisation in five years*
In its largest private-investment drive, the Ministry of Railways will monetise assets worth ₹2.5 trillion over five years as part of the second phase of the national monetisation pipeline (NMP 2.0), Business Standard has learnt. The ₹10 trillion pipeline, which will be the bedrock of central monetisation strategy till 2029-30, announced by Union Finance Minister Nirmala Sitharaman in her Budget speech in February, is in preparatory stages with individual ministries having made initial asset pipelines, and is expected to be unveiled soon. The railways will look to meet this target through public-private partnership (PPP) models and a multi-asset approach, a ministry spokesperson said. In monetisation, the government leverages revenue-generating operational assets by bringing in private participation through PPP, generally on a revenue-sharing basis. “Using this multi-asset approach, the ministry plans to monetise Gati Shakti Cargo Terminals and bring in new freight trains through private funding. Proceeds are expected to be realised through station redevelopment and commercial development around stations in PPP mode, as currently under progress for Vijayawada station,” the spokesperson added.
*Global market action*
Dow Jones – Up by 0.29% or 134.61 points
FTSE – Up by 0.13% or 12.06 points
CAC – Up by 0.02% or 1.58 points
DAX – Down by 0.81% or 186.98 points
Gift Nifty – Up by 0.32% or 83.00 points
*FII/DII activities*
FII – Sold 1766.05Cr worth of shares
DII – Bought 3161.61Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Grindwell Norton Ltd – 93.7%
V-Guard Industries Ltd – 89.4%
Lupin Ltd – 87.5%
Vijaya Diagnostics Centre Ltd – 84.2%
Godrej Consumer Products Ltd – 83.8%
*Commodities updates*
Gold – Rs 124175/10gm, Silver – Rs 154218/kg, Brcrude – Rs 5196/barrel, Copper – Rs 1002.95/kg.
Morning Alert..
*India and Canada to reboot trade deal negotiations after 2 years*
After a gap of more than two years amid a tumultuous bilateral relationship, India and Canada have finalised a broad framework and agreed to restart negotiations for a Comprehensive Economic Partnership Agreement (Cepa). Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, met late on Sunday on the sidelines of the G20 Summit in Johannesburg and agreed to advance relations in trade, investment, technology & innovation, energy, education, defence, and the space sector. “India and Canada have great potential in strengthening trade and investment linkages. We have set a target of $50 billion by 2030 for our bilateral trade. Canadian Pension Funds are also showing keen interest in Indian companies,” Modi posted on X. Speaking at the Indo-Canadian Business Chamber’s annual national convention on Monday in New Delhi, Union Commerce and Industry Minister Piyush Goyal said both countries had finalised the terms of reference and decided to launch and fast-track free-trade agreement negotiations. “The recent meetings that Prime Minister Modi and Prime Minister Mark Carney have had, including the one very recently at the G20 Summit, clearly give a direction for the future of the Canada-India relationship. They have agreed to begin negotiations for a high-ambition comprehensive economic partnership agreement,” the minister said.
*Global market action*
Dow Jones – Down by 0.08% or 37.71 points
FTSE – Down by 0.05% or 4.80 points
CAC – Down by 0.29% or 22.98 points
DAX – Up by 0.63% or 147.31 points
Gift Nifty – Up by 0.11% or 28.50 points
*FII/DII activities*
FII – Sold 4171.75Cr worth of shares
DII – Bought 4512.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Indiamart Intermesh Ltd – 91.2%
UBL – 89.9%
Jyothy Labs Ltd – 88.7%
Westlife Foodworld Ltd – 88%
Power Grid oration of India Ltd – 86.6%
*Primary market activities*
IPO opening today
SSMD Agrotech India Ltd (BSE SME) – Issue size 34.09Cr
*Commodities updates*
Gold – Rs 123825/10gm, Silver – Rs 154450/kg, Brcrude – Rs 5232/barrel, Copper – Rs 999.65/kg.
*India and Canada to reboot trade deal negotiations after 2 years*
After a gap of more than two years amid a tumultuous bilateral relationship, India and Canada have finalised a broad framework and agreed to restart negotiations for a Comprehensive Economic Partnership Agreement (Cepa). Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, met late on Sunday on the sidelines of the G20 Summit in Johannesburg and agreed to advance relations in trade, investment, technology & innovation, energy, education, defence, and the space sector. “India and Canada have great potential in strengthening trade and investment linkages. We have set a target of $50 billion by 2030 for our bilateral trade. Canadian Pension Funds are also showing keen interest in Indian companies,” Modi posted on X. Speaking at the Indo-Canadian Business Chamber’s annual national convention on Monday in New Delhi, Union Commerce and Industry Minister Piyush Goyal said both countries had finalised the terms of reference and decided to launch and fast-track free-trade agreement negotiations. “The recent meetings that Prime Minister Modi and Prime Minister Mark Carney have had, including the one very recently at the G20 Summit, clearly give a direction for the future of the Canada-India relationship. They have agreed to begin negotiations for a high-ambition comprehensive economic partnership agreement,” the minister said.
*Global market action*
Dow Jones – Down by 0.08% or 37.71 points
FTSE – Down by 0.05% or 4.80 points
CAC – Down by 0.29% or 22.98 points
DAX – Up by 0.63% or 147.31 points
Gift Nifty – Up by 0.11% or 28.50 points
*FII/DII activities*
FII – Sold 4171.75Cr worth of shares
DII – Bought 4512.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Indiamart Intermesh Ltd – 91.2%
UBL – 89.9%
Jyothy Labs Ltd – 88.7%
Westlife Foodworld Ltd – 88%
Power Grid oration of India Ltd – 86.6%
*Primary market activities*
IPO opening today
SSMD Agrotech India Ltd (BSE SME) – Issue size 34.09Cr
*Commodities updates*
Gold – Rs 123825/10gm, Silver – Rs 154450/kg, Brcrude – Rs 5232/barrel, Copper – Rs 999.65/kg.
Morning Alert..
*Private banks may lose ground again in FY26 as credit growth lags*
India’s private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit. The combined loan book, or advances, of listed private-sector lenders such as HDFC Bank, ICICI Bank and Axis Bank grew 8.9 per cent year-on-year in FY25 and 9.9 per cent year-on-year in the first half of FY26. This lags behind the 11.4 per cent and 11.7 per cent year-on-year expansion in the combined loan book of all listed banks over the same periods. It could be the first time in more than 15 years that private-sector banks would trail overall bank credit growth for two consecutive years. Private-sector banks’ combined advances rose to ₹77.14 trillion at the end of September 2025, up from ₹73.56 trillion at the close of FY25 and ₹67.53 trillion at FY24-end. By contrast, listed banks’ combined advances rose to ₹193.6 trillion at end-September this year from ₹184.66 trillion at end-March and ₹165.56 trillion at the end of FY24. The analysis is based on the reported annual results and H1FY26 financials of 42 listed banks -- including private-sector banks, public-sector banks and small finance banks -- which together reported advances of ₹193.6 trillion at the end of September. For comparison, overall bank credit reached ₹192.7 trillion as of October 3, 2025.
*Global market action*
Dow Jones – Up by 0.26% or 120.15 points
FTSE – Up by 0.78% or 74.62 points
CAC – Up by 0.82% or 66.13 points
DAX – Up by 0.96% or 225.45 points
Gift Nifty – Up by 0.47% or 123.00 points
*FII/DII activities*
FII – Bought 785.32Cr worth of shares
DII – Bought 3912.47Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Pfizer Ltd – 97.9%
V-Guard Industries Ltd – 93.6%
Grindwell Norton Ltd – 89.5%
Shree Cements Ltd – 81.9%
Dalmia Bharat Ltd – 80.1%
*Primary market activities*
IPOs opening today
K K Silk Mills Ltd (BSE SME) – Issue size 28.50Cr
Mother Nutri Foods Ltd (BSE SME) – Issue size 39.59Cr
Listing today
Excel Soft Technologies Ltd (Main board) – Subscribed 45.46x
Gallard Steel Ltd (BSE SME) – Subscribed 375.54x
*Commodities updates*
Gold – Rs 125324/10gm, Silver – Rs 156442/kg, Brcrude – Rs 5168/barrel, Copper – Rs 1003/kg.
*Private banks may lose ground again in FY26 as credit growth lags*
India’s private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit. The combined loan book, or advances, of listed private-sector lenders such as HDFC Bank, ICICI Bank and Axis Bank grew 8.9 per cent year-on-year in FY25 and 9.9 per cent year-on-year in the first half of FY26. This lags behind the 11.4 per cent and 11.7 per cent year-on-year expansion in the combined loan book of all listed banks over the same periods. It could be the first time in more than 15 years that private-sector banks would trail overall bank credit growth for two consecutive years. Private-sector banks’ combined advances rose to ₹77.14 trillion at the end of September 2025, up from ₹73.56 trillion at the close of FY25 and ₹67.53 trillion at FY24-end. By contrast, listed banks’ combined advances rose to ₹193.6 trillion at end-September this year from ₹184.66 trillion at end-March and ₹165.56 trillion at the end of FY24. The analysis is based on the reported annual results and H1FY26 financials of 42 listed banks -- including private-sector banks, public-sector banks and small finance banks -- which together reported advances of ₹193.6 trillion at the end of September. For comparison, overall bank credit reached ₹192.7 trillion as of October 3, 2025.
*Global market action*
Dow Jones – Up by 0.26% or 120.15 points
FTSE – Up by 0.78% or 74.62 points
CAC – Up by 0.82% or 66.13 points
DAX – Up by 0.96% or 225.45 points
Gift Nifty – Up by 0.47% or 123.00 points
*FII/DII activities*
FII – Bought 785.32Cr worth of shares
DII – Bought 3912.47Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Pfizer Ltd – 97.9%
V-Guard Industries Ltd – 93.6%
Grindwell Norton Ltd – 89.5%
Shree Cements Ltd – 81.9%
Dalmia Bharat Ltd – 80.1%
*Primary market activities*
IPOs opening today
K K Silk Mills Ltd (BSE SME) – Issue size 28.50Cr
Mother Nutri Foods Ltd (BSE SME) – Issue size 39.59Cr
Listing today
Excel Soft Technologies Ltd (Main board) – Subscribed 45.46x
Gallard Steel Ltd (BSE SME) – Subscribed 375.54x
*Commodities updates*
Gold – Rs 125324/10gm, Silver – Rs 156442/kg, Brcrude – Rs 5168/barrel, Copper – Rs 1003/kg.
Morning Alert..
*Cabinet greenlights ₹7,280 cr scheme for rare earth magnet manufacturing*
The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, on Wednesday approved a ₹7,280 crore scheme to promote manufacturing sintered rare-earth permanent magnets (REPM), marking India’s first attempt to build an integrated domestic supply chain for the critical material. The “Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets” aims to create a production capacity of 6,000 tonnes of REPM a year to meet growing demand from sectors such as electric vehicles, renewable energy, electronics, aerospace, and defence, ultimately boosting local manufacturing competitiveness and the broader energy transition. Under the scheme, five beneficiaries will be selected through a global competitive bidding process, with each eligible for up to 1,200 tonnes per annum capacity. It includes ₹6,450 crore in sales-linked incentives for five years and ₹750 crore as capital subsidy for setting up manufacturing facilities. The scheme will run for seven years from the date of the award, including a-two year gestation period for building manufacturing units and five years for incentive disbursement.
*Global market action*
Dow Jones – Up by 0.10% or 48.57 points
FTSE – Up by 0.85% or 82.05 points
CAC – Up by 0.87% or 70.63 points
DAX – Up by 1.10% or 261.59 points
Gift Nifty – Up by 0.19% or 49.50 points
*FII/DII activities*
FII – Bought 4778.03Cr worth of shares
DII – Bought 6247.93Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
ZF Commercial vehicles Control System India Ltd – 97.2%
BASF Ltd – 92.8%
Maharashtra Seamless Ltd – 87.1%
GIC of India Ltd – 85.6%
Bharti Airtel Ltd – 85.1%
*Commodities updates*
Gold – Rs 125941/10gm, Silver – Rs 161432/kg, Brcrude – Rs 5193/barrel, Copper – Rs 1008.9/kg.
*Cabinet greenlights ₹7,280 cr scheme for rare earth magnet manufacturing*
The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, on Wednesday approved a ₹7,280 crore scheme to promote manufacturing sintered rare-earth permanent magnets (REPM), marking India’s first attempt to build an integrated domestic supply chain for the critical material. The “Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets” aims to create a production capacity of 6,000 tonnes of REPM a year to meet growing demand from sectors such as electric vehicles, renewable energy, electronics, aerospace, and defence, ultimately boosting local manufacturing competitiveness and the broader energy transition. Under the scheme, five beneficiaries will be selected through a global competitive bidding process, with each eligible for up to 1,200 tonnes per annum capacity. It includes ₹6,450 crore in sales-linked incentives for five years and ₹750 crore as capital subsidy for setting up manufacturing facilities. The scheme will run for seven years from the date of the award, including a-two year gestation period for building manufacturing units and five years for incentive disbursement.
*Global market action*
Dow Jones – Up by 0.10% or 48.57 points
FTSE – Up by 0.85% or 82.05 points
CAC – Up by 0.87% or 70.63 points
DAX – Up by 1.10% or 261.59 points
Gift Nifty – Up by 0.19% or 49.50 points
*FII/DII activities*
FII – Bought 4778.03Cr worth of shares
DII – Bought 6247.93Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
ZF Commercial vehicles Control System India Ltd – 97.2%
BASF Ltd – 92.8%
Maharashtra Seamless Ltd – 87.1%
GIC of India Ltd – 85.6%
Bharti Airtel Ltd – 85.1%
*Commodities updates*
Gold – Rs 125941/10gm, Silver – Rs 161432/kg, Brcrude – Rs 5193/barrel, Copper – Rs 1008.9/kg.