As Q2FY26 earnings season gets underway, investors are scrutinizing India’s banking sector closely. With macro headwinds and signs of slowing credit growth, the question on many minds is whether banking stocks will stumble in the near term or offer a chance for accumulation.
ACME has established a separate entity under the Group to operate its Renewable Equipment Manufacturing Business. The company has set up a solar module manufacturing facility in Jaipur with an annual capacity of 1.2 GW, developed with an investment of Rs 230 crore. The Jaipur facility is designed to produce high-efficiency solar modules catering to diverse applications such as utility-scale power plants, KUSUM projects, export opportunities, and rooftop installations.
Jaipur-based Advit Jewels Ltd.has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
The offer, with a face value of Rs 10 per equity share, comprises a fresh issue of up to 1.38 crore equity shares. The proceeds from the fresh issuance will be utilized as follows — Rs 65 crore for funding incremental working capital requirements, Rs 65 crore for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed from scheduled commercial banks, and the balance for general corporate purposes.
KRN HEAT EXCHANGER
Co acquires Sphere Refrigeration’s Bus Air-Conditioning division
Strategic acquisition through Business Transfer Agreement signed between KRN HVAC Products Pvt. Ltd. and Sphere Refrigeration Systems Pvt. Ltd.
All operations, assets, and employees of the bus AC business to be integrated with KRN’s HVAC division.
Strengthens KRN’s presence in automotive HVAC, expanding its mobility cooling portfolio.
Thakkers Developers, Nasik-based, FY25 EPS Rs.7.20, debt free, huge land bank, strong project pipeline. Mcap Rs.152 cr. – attractive for long-term growth.
ABM Knowledgeware, e-Governance & Smart City solutions, strong order book & reserves. Won multi-cr FASTPAS project in UP. Promoters 67%, P/E 27. Breakout visible – keep on track.
Daily Morning Report Date: 07.10.2025
NIFTY OUTLOOK: 25077.65 FII: -313.77 cr DII: 5036.39 cr
As discussed yesterday, market behaviour remained on expected lines during the day, as the continuation of bullish momentum and strong demand took the Nifty rally up to 24995.95 on a successful breakout above 24940, and it closed near our projected level of 25077 at 25077.65.
A series of three consecutive bullish candles on the daily chart indicates strong momentum, suggesting the current uptrend is likely to continue. If Nifty sustains this northward move, then on a decisive breakout above 25124, it may rally further to 25171–25217, while stronger demand could extend gains up to 25263.
After months of anticipation, Tata Capital’s Rs 15,512-crore IPO, the largest issue of the year, opened for subscription on Monday and will close on Wednesday. The grey market premium (GMP) remained subdued at around 2% above the issue price as the IPO opened for bidding. The offer comprises a fresh issue of Rs 6,846 crore and an offer for sale (OFS) of Rs 8,666 crore by promoter Tata Sons, which currently holds a 95.6% stake in the company.
Gold prices continued their upward trend, with 18-carat (18K) gold now priced at Rs 9,644 per gram, excluding 3% GST and making charges, according to the India Bullion and Jewellers Association (IBJA). This means buyers must now pay around Rs 96,440 for 10 grams of 18K gold. Just a few days ago, on 3rd October 2025, the rate stood at Rs 9,473 per gram, highlighting a steady rise in gold prices amid changing global and domestic cues.
The Trump administration has issued a stark warning that mass layoffs of federal workers may commence if negotiations with congressional Democrats to resolve the ongoing partial government shutdown continue to stall. A senior White House official stated on Sunday that such action would be considered if discussions are deemed “absolutely going nowhere.”
President Donald Trump commemorated the U.S. Navy’s 250th anniversary with a spirited rally-style event in Norfolk, Virginia, on Sunday, October 5, 2025. Despite the ongoing government shutdown, which has left military personnel working without pay, Trump delivered remarks that resembled a campaign rally, energizing the crowd of approximately 10,000 sailors.
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