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Informist, Wednesday, Oct. 15, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The benchmark equity indices are seen rising further in upcoming sessions, though investors are likely to react more to the September quarter earnings of individual companies. Some analysts expect the indices to consolidate in a broader range. While the focus of investors will be primarily on earnings, they will also track the progress of trade talks between India and the US, analysts said. The renewed trade tension between the US and China will also be monitored by the Street.

 

Technical analysts expect the bullish sentiment in the market to continue, especially if the Nifty 50 holds above the crucial 25000-points level. Some said the positive sentiment will continue only if the 50-stock index holds above 25200 points. "We expect this bullishness to continue and the Nifty 50 to cross 25500 points," said Ashish Sherigar, technical analyst at NVS Brokerage. Sherigar expects the 50-stock index to find support at 25100 points and face resistance at 25490-25500 points.

Wednesday, the Nifty 50 closed at a one-month high of 25323.55 points, up 178.05 points or 0.7%. The 50-stock index climbed after having been under pressure for two sessions. The BSE Sensex closed at 82605.43 points, up 575.45 points or 0.7%. "In the short term, the (Nifty 50) index may move towards 25,500–25,600 (points)," Rupak De, senior technical analyst at LKP Securities, said in a note. "On the lower end, a fall in (Nifty 50) below 25,250 (points) might trigger a short-term correction."

 

Sentiment across global markets turned positive after US Federal Reserve Chair Jerome Powell's dovish comments Tuesday. All Asian markets recovered from a fall over the previous two sessions triggered by the renewed trade spat between the US and China. "In this less dynamic and somewhat softer labor market, the downside risks to employment appear to have risen," Powell was quoted as saying by Reuters. The comment acknowledges something that has led a majority of federal policymakers to call for more interest rate cuts. According to the CME FedWatch tool, the probability of a 25 basis-point cut by the Fed has increased to 98% from 94% a week ago. 

 

Back home, Reserve Bank of India Governor Sanjay Malhotra said the central bank avoided cutting rates at its Oct. 1 policy meeting outcome as it would not have had a "desirable impact", according to the minutes of the meeting. Deputy Governor Poonam Gupta said the central bank's neutral stance does not prevent a rate cut and hence a change in stance was not needed. She also said the rate-setting committee would not be able to commit to a new stance amid global uncertainty. The rate-setting panel had lowered the repo rate by 100 bps between February and June to 5.50%. It has held the line there since. The monetary policy body will meet next on Dec. 3-5.

 

Investors will react Thursday to earnings of Axis Bank and HDFC Life Insurance Co., which were released after market hours Wednesday. HDFC Life reported a net profit of INR 4.47 billion for the September quarter, up 3.3% on year. Its net premium income was up over 13% on year at INR 187.77 billion. The life insurance company's stock closed at INR 761.15 on the day, up over 2%.

 

Axis Bank reported a net profit of INR 50.90 billion, sharply lower than the INR 59.30 billion expected by analysts. Its total income rose just 1% on year to INR 375.95 billion. The bank's provisions for the quarter under review surged to INR 35.47 billion from INR 22.04 billion a year ago. The private-sector lender's shares had closed at INR 1,169.60, down 0.6%.

 

Large-cap companies Eternal, Infosys, Jio Financial Services, Nestle India, and Wipro are set to declare their earnings Thursday. Others such as LTIMindtree, Indian Bank, Waaree Energies, Alok Industries, Cyient, Indian Overseas Bank, JSW Infrastructure, Kajaria Ceramics, Mastek, and Zee Entertainment Enterprises will also declare their results.  End

 

Edited by Rajeev Pai

 

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