Equirus on Sky Gold – Initiates coverage with a Long rating, TP Rs.502. Expects FY25–28E CAGR of 37% in revenue, 44% in EBITDA, and 43% in PAT driven by premium product mix and capacity ramp-up (225kg → 1,260kg/month).
CITI on PI Industries – Maintains Buy with TP Rs.4,350 (22% upside). Expects weak Q2 results due to lower prices for key product Pyroxasulfone and Kumiai’s high inventory levels.
Trump said, “I hear there is a war between Pakistan and Afghanistan. I’ll try to solve this one.”
Tata Trusts has extended N. Chandrasekaran’s term, ensuring continuity across key Tata projects such as semiconductors, EVs, EV batteries, and Air India’s transformation. The move reinforces leadership stability and strengthens the Tata Group’s long-term roadmap.
NIFTY OUTLOOK: 25285.35 FII 459.20 cr DII 1707.83 cr
(13th – 17th October 2025)
As discussed in the previous report dated 6th October 2025, market behaviour remained on the expected lines during the week, as strong buying pressure and bullish sentiment lifted Nifty to 25330.75, closing near our projected level at 25285.35.
A bullish candle on both weekly and daily charts indicates continuation of the positive momentum. Nifty may face resistance around 25410–25527. A decisive breakout above these levels could extend the rally towards 25650–25770.
What’s the Story
Prime Minister Narendra Modi will not attend the upcoming Gaza peace summit jointly hosted by US President Donald Trump and Egyptian President Abdel Fattah el-Sisi. Instead, Minister of State for External Affairs Kirti Vardhan Singh will represent India at the high-level meeting.
What’s Happening
For the second phase of Mumbai’s coastal road project, the Brihanmumbai Municipal Corporation (BMC) estimates that 1,244 trees will be affected along the Goregaon–Malad stretch, with some to be cut and others transplanted. Before proceeding, the BMC plans to approach the Bombay High Court to secure legal permission for tree felling and related clearances.
Derivatives Slowdown Hits Brokers
BSE, Angel One and other brokers witnessed a sharp 40–60% drop in derivatives revenue amid regulatory changes and muted trading activity. Active monthly traders fell from 30–40 lakh to nearly 20–22 lakh. NSE Chairman noted that India’s derivatives market remains much smaller than the US, with earlier volume surge partly driven by STT loopholes.
As per astrology view, some important turning dates are 13, 17, 20, 24, 27, 29 & 31st October 2025.
Alert: China to impose special port fees on US ships from 14th October, up to 1,120 yuan per net ton, potentially escalating US-China trade tensions. Negative for bulls and investors.
Update: As per astrologer, RJD & Prashant Kishore may join forces post-Bihar elections to form the state government.
Former US President Donald Trump responded to Venezuelan opposition leader María Corina Machado being awarded the 2025 Nobel Peace Prize, revealing that she personally called him to share the news. Trump joked, “It’s a very nice thing to do. I didn’t say, ‘Then give it to me,’ though I think she might have. She was very nice.”
Veefin Solutions merges GSL and ESL with promoters transfer 21 lakh shares (~Rs.83 cr. at nil consideration) to strengthen governance & minority shareholder value.
SEPC secures Rs.32.63 cr. international order for ADNOC projects.
Steel Exchange India raises Rs.350 cr. refinancing from Kotak-led consortium, cutting borrowing costs by 5.5% and boosting financial flexibility.
India’s Solar Outlook
India’s solar EPC market is expected to grow 23% YoY, reaching ₹1.7 trillion by FY28, powered by initiatives like the PLI scheme, rooftop solar, and energy storage VGF.
Gujarat and Rajasthan lead with over 20 GW of combined solar park capacity.
India’s solar capacity is projected to rise from 106 GW in FY25 to ~280 GW by FY30, implying a >21% CAGR, with renewables’ share in installed capacity expanding from 47% to nearly 65%.
Source: Waaree Renewable Technologies Ltd (Q2FY26 Investor Presentation).
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