Key Takeaways
- Sensex and Nifty snapped a six-day winning streak on Friday, October 24
- Six stocks expected to be in focus on Monday: NTPC, Reliance, Kotak Bank, Indian Oil, Coforge, and Dr Reddy’s
- Market movement driven by US-China trade tensions
Indian stock markets closed lower on Friday, ending a six-session rally amid renewed US-China trade concerns. The benchmark indices declined as reports emerged of a potential US probe into China’s compliance with the 2020 trade deal.
At Friday’s close, the Sensex settled at 84,211.88, down 344.52 points (0.41%), while the Nifty ended at 25,795.15, down 96.25 points (0.37%).
Top Stock Movements
Major Losers: Hindustan Unilever, Adani Ports, UltraTech Cement, and Titan
Key Gainers: ICICI Bank, Bharti Airtel, BEL, and Sun Pharma
Stocks to Watch on Monday
NTPC (NSE: NTPC)
The power sector PSU is set to announce its Q2 September 2025 earnings this month. The company may also consider declaring a dividend to shareholders.
Reliance Industries (NSE: RELIANCE)
Reliance has formed a joint venture with Meta Platforms called Reliance Enterprise Intelligence Limited (REIL). The partnership aims to develop and distribute enterprise AI services across India.
Kotak Mahindra Bank (NSE: KOTAKBANK)
The bank reported Q2 FY26 results showing a 2.7% decline in net profit to ₹3,253 crore, compared to ₹3,344 crore in the same quarter last year.
Indian Oil Corporation (NSE: IOC)
IOC’s board meets today to consider and approve unaudited financial results for the quarter and half-year ended September 30, 2025.
Coforge (NSE: COFORGE)
Following strong Q2 performance, Emkay Global raised its price target on Coforge to ₹1,850 while maintaining an ‘ADD’ rating. The stock closed at ₹1,760 on October 25, suggesting 5% upside potential.
Dr Reddy’s Laboratories (NSE: DRREDDY)
The pharmaceutical company reported impressive Q2 growth with consolidated net profit surging 14.49% to ₹1,437.2 crore and revenue increasing 9.84% to ₹8,805.1 crore.
Precious Metals Update
Gold prices declined to ₹12,562 per gram of 24-carat gold on October 26, after significant gains last week. Silver also resumed its downward trend amid hopes of easing US-China trade tensions.
Disclaimer: This information is based on news reports and not investment advice. Consult a financial advisor before making investment decisions.
