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Trendlyne Marketwatch
16 Oct 2025, 04:04PM
Market closes higher, Kajaria Ceramics' Q2 profit beats estimates by 9%
By Trendlyne Analysis

 

Nifty 50 closed at 25,585.30 (261.8, 1.0%) , BSE Sensex closed at 83,467.66 (862.2, 1.0%) while the broader Nifty 500 closed at 23,563.80 (186.5, 0.8%). Market breadth is in the green. Of the 2,585 stocks traded today, 1,430 showed gains, and 1,106 showed losses.

Indian indices closed in the green, led by gains in the banking sector and rising optimism over US-India trade talks. The Indian volatility index, Nifty VIX, rose 3.2% and closed at 10.9 points. Ashok Leyland closed 1% higher as it secured a Rs 668.8 crore order to supply 1,937 buses to the Tamil Nadu government.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty FMCG and BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Textiles Apparels & Accessories emerged as the best-performing sector of the day, with a rise of 1.9%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded higher, indicating a positive start to the trading session. US Treasury Secretary Scott Bessent added to fears of a US-China trade war, saying the Trump administration is unlikely to soften its tough stance, even if markets react negatively. Trump also threatened to cut trade with China in the cooking-oil sector, accusing it of deliberately avoiding US soybean purchases.

  • Money flow index (MFI) indicates that stocks like Tata Communications, Multi Commodity Exchange, Fortis Healthcare, and 360 One Wam are in the overbought zone.

  • Kajaria Ceramics is rising as its Q2FY26 revenue grows 2.1% YoY to Rs 1,186 crore, driven by improvements in the tiles and bathware & sanitaryware segments. Net profit jumps 57.8% YoY to Rs 133 crore during the quarter. It appears in a screener of stocks with rising quarterly net profit and profit margin QoQ.

  • Mastek is rising as its Q2FY26 net profit grows 5.9% QoQ to Rs 97.5 crore, led by lower finance and depreciation & amortisation expenses. Revenue increases 3.3% QoQ to Rs 955.5 crore, driven by improvements in the UK, Europe and North America operations. It appears in a screener of undervalued growth stocks.

  • Manoj Kumar Dubey, CMD & CEO of IRFC, says the company is targeting double-digit PAT growth and may exceed its FY26 sanction guidance of Rs 60,000 crore, having already sanctioned Rs 45,000 crore in H1. He expects net interest margin (NIM) to improve each quarter and aims for a double-digit yield. While there are no current orders to fund Indian Railways, he confirms IRFC will support future funding needs.

  • Indian Bank rises to its all-time high of Rs 806 per share as its Q2FY26 net profit grows 11.5% YoY to Rs 3,018.2 crore, helped by lower provisions. Revenue jumps 7.4% YoY to Rs 19,076.6 crore, led by improvements in the treasury operations and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 88 bps and 11 bps YoY, respectively.

  • Ashok Leyland rises as it receives an order worth Rs 668.8 crore from the Tamil Nadu government. The company will supply 1,937 low-floor diesel buses to be used by state transport undertakings.

  • DB Corp is rising as its Q2FY26 net profit grows 13.2% YoY to Rs 93.5 crore, led by lower depreciation & amortisation expenses. Revenue increases 9% YoY to Rs 634.7 crore, helped by improvements in the printing, publishing & allied business, and radio segments. It appears in a screener of stocks with improving net cash flow over the past two years.

  • TCS reduces about 1% of its workforce, or roughly 6,000 employees, as part of an ongoing restructuring. Chief HR Officer Sudeep Kunnumal highlights that there is no fixed target for workforce rationalisation, and performance reviews will continue as the company realigns its strategy. He also dismisses reports of 50,000–80,000 job cuts as highly exaggerated.

  • Indian Overseas Bank's Q2FY26 net profit jumps 57.8% YoY to Rs 1,226.4 crore, led by lower provisions and employee benefits expenses. Revenue grows 8.6% YoY to Rs 9,214.2 crore owing to improvements in the treasury operations and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline 89 bps and 19 bps YoY, respectively.

  • Nestle India surges to its 52-week high of Rs 1,281.2 as its Q2FY26 revenue grows 10.5% YoY to Rs 5,645.3 crore, driven by improvements in the confectionery products, powdered & liquid beverages, prepared dishes & cooking aids, pet food, and out-of-home (OOH) business segments. However, net profit declines 17.4% YoY to Rs 743.2 crore due to higher raw materials, inventory, employee benefits and finance costs. It features in a screener of stocks with prices above short, medium and long-term moving averages.

  • Suven Life Sciences rises as Sunil Singhania adds the company to his portfolio. He buys a 1.3% stake in the firm in Q2FY26.

  • Nomura maintains its March 2026 Nifty 50 target at 26,140, implying a 4% upside from current levels. It expects mid-single-digit earnings growth in FY26 and sees downside risks to consensus estimates. While Indian equities have underperformed global peers over the past year, they’ve delivered a 12.4% CAGR over five years. Nomura also notes that valuations have returned to pre-pandemic emerging market premium levels.

  • Anantam Highways InvIT's shares debut on the bourses at a 3% premium to the issue price of Rs 100. The Rs 400 crore IPO received bids for 5.6 times the total shares on offer.

  • Angel One is rising as its Q2FY26 revenue beats Forecaster estimates by 11.4% despite falling 20.6% YoY to Rs 1,204.2 crore due to reductions in client acquisition and the number of orders. Net profit decreases by 50% YoY to Rs 211.7 crore, caused by higher finance and employee benefits expenses. It appears in a screener of stocks with a reduction in provisions.

  • Canara Robeco Asset Management's shares debut on the bourses at a 5.4% premium to the issue price of Rs 266. The Rs 1,326.1 crore IPO received bids for 9.7 times the total shares on offer.

  • Anil Gupta, CMD of KEI Industries, highlights the company’s focus on maintaining domestic growth, while increasing exports to 18–19% of total revenue in FY26. Exports contributed 17.5% to revenue in Q2. The Sanand project (Phase I) is now scheduled for commissioning in November, delayed from the earlier guidance of September. Additionally, the commissioning of the Extra High Voltage (EHV) project has been postponed to Q4FY27, from the previously expected H1FY27.

  • Rubicon Research's shares debut on the bourses at a 27.8% premium to the issue price of Rs 485. The Rs 1,377.5 crore IPO received bids for 103.9 times the total shares on offer.

  • Bharat Electronics is rising as it secures orders worth Rs 592 crore for tank subsystems and overhauling, communication equipment, combat management systems, ship data networks, train collision avoidance systems (Kavach), laser dazzlers, jammers, and related services.

  • RBL Bank's board of directors schedules a meeting on October 18 to consider a proposal to raise funds by issuing securities through preferential issue, private placement or other modes.

  • India's merchandise trade deficit widens to a 13-month high of $32.2 billion in September. The rise was driven by a surge in gold and silver imports, as well as a sharp decline in exports to the US following President Trump’s announcement of tariffs of up to 50% on Indian goods. Exports to the US fell to $5.4 billion from $6.9 billion in August, with textiles, shrimp, and gems & jewellery among the hardest hit.

  • L&T Finance falls as its Q2FY26 net profit misses Forecaster estimates marginally despite rising 5.6% YoY to Rs 734.8 crore. Revenue grows 7.9% YoY to Rs 4,335.8 crore, helped by higher interest income. It features in a screener of stocks where promoters are decreasing their shareholding.

  • HDFC Life Insurance is falling sharply as its Q2FY26 revenue declines 28.3% YoY to Rs 20,422.1 crore due to reductions in the group pension and group life insurance segments. However, net profit grows 3% YoY to Rs 448.3 crore, helped by a Rs 46 crore return from provisions. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Oberoi Realty is rising as its Q2FY26 net profit grows 29% YoY to Rs 760.3 crore. Revenue jumps 35.8% YoY to Rs 1,844.8 crore, led by improvements in the real estate and hospitality segments. It features in a screener of stocks with increasing RoCE in the last two years.

  • Axis Bank's Q2FY26 net profit declines 25.3% YoY to Rs 5,527.9 crore due to higher interest & tax expenses, and provisions. However, revenue grows 1.4% YoY to Rs 39,769.9 crore, helped by improvements in the corporate and retail banking segments. The bank's asset quality worsens as its gross and net NPAs rise by 2 bps and 10 bps YoY, respectively, during the quarter.

  • Nifty 50 was trading at 25,412.15 (88.6, 0.4%), BSE Sensex was trading at 82,794.79 (189.4, 0.2%), while the broader Nifty 500 was trading at 23,453.45 (76.1, 0.3%).

  • Market breadth is highly positive. Of the 2,080 stocks traded today, 1,531 were on the uptrend, and 489 went down.

Riding High:

Largecap and midcap gainers today include Oberoi Realty Ltd. (1,687.10, 5.4%), Nestle India Ltd. (1,276.60, 4.5%) and Sona BLW Precision Forgings Ltd. (468.55, 3.6%).

Downers:

Largecap and midcap losers today include Max Financial Services Ltd. (1,552.40, -3.5%), Hyundai Motor India Ltd. (2,358.20, -2.5%) and HDFC Life Insurance Company Ltd. (742.85, -2.4%).

Volume Shockers

23 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included BLS International Services Ltd. (324.50, 16.5%), Craftsman Automation Ltd. (6,800.50, 5.9%) and Oberoi Realty Ltd. (1,687.10, 5.4%).

Top high volume losers on BSE were KEI Industries Ltd. (4,172.60, -5.6%), Chennai Petroleum Corporation Ltd. (735.55, -3.0%) and HDFC Life Insurance Company Ltd. (742.85, -2.4%).

Mangalore Refinery And Petrochemicals Ltd. (143.59, 1.1%) was trading at 22.3 times of weekly average. Poly Medicure Ltd. (1920.50, 4.5%) and Atul Ltd. (5,828, 1.1%) were trading with volumes 9.0 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks hit their 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,065.75, 0.6%), Bank of Maharashtra (57.63, -2.8%) and Canara Bank (127.37, -0.8%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,225.80, -1.8%) and KNR Constructions Ltd. (185.93, 0.0%).

31 stocks climbed above their 200 day SMA including Ola Electric Mobility Ltd. (55.38, 5.0%) and Gujarat Fluorochemicals Ltd. (3744.50, 3.6%). 9 stocks slipped below their 200 SMA including SKF India Ltd. (2,225.80, -1.8%) and Lloyds Metals & Energy Ltd. (1,322.60, -1.5%).

 
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