Jefferies on Adani Ent
Buy, TP Rs 3000
NMIA’s inauguration marks a strategic expansion in India’s aviation infra, easing congestion for MMR.
Phase-1 adds 20mn pax capacity (total: 90mn), & bridges gaps to underserved regions
AEL’s dual airport strategy— owning NMIA/MIAL—enables coordinated slot allocation & removes intraregional competition
A strong non-aero focus across retail, hospitality, & RE should enhance monetisation, positioning NMIA as a high-growth asset in Adani’s airport portfolio

NIFTY OUTLOOK: 25046.15 FII: 81.28 cr. DII: 329.28 cr
As discussed yesterday, market behaviour remained on expected lines during the day. Nifty faced resistance near our level of 25200 (made a high of 25192.5), from where profit booking dragged it down to a day’s low of 25008.50 — close to our support of 25018.
Further, a bearish candle with an upper shadow appeared on the daily chart, indicating selling pressure on every rise. If this selling persists, then on a decisive breakdown of 25000, Nifty may slip to 24955–24910. Stronger supply may even push it further down to 24865.

On 8th October 2025, Indian markets opened on a steady note, with Nifty closing at 25,108 (+0.12%) and Sensex at 81,926 (+0.17%). Domestic institutional investors (DIIs) were net buyers of ₹452 crore, while foreign institutional investors (FIIs) purchased ₹1,440 crore. The GIFT Nifty stood at 25,219 as of 7:30 a.m.

HSBC on Avenue Supermart
Reduce, TP Rs 3,700
Pricing comparison vs peers points to shrinking differential.
Pricing remains the key moat for Dmart vs other retailers.
Challenges to sustaining high SSSG.
Valuation sensitive to SSSG – 1% increase → 11% higher fair value.
Store addition expectations unlikely to offset muted SSSG.

Daily Morning Report Date: 08.10.2025
NIFTY OUTLOOK: 25108.30  FII: 1440.66 cr  DII: 452.57 cr
As discussed yesterday, market behaviour remained on expected lines during the session. Strong buying confidence and sustained bullish momentum carried Nifty up to our resistance of 25217, marking a high of 25220.90.

BRIGHTCOM
Board to consider incorporation of Brightcom Defence Pvt Ltd and fund centralisation plan on Oct 10.
Board to review proposal for forming Brightcom Defence focused on aerospace intelligence and autonomous defence software.

1. FIIs net long position stands at 7% (highly oversold).
2. PCR at 1.05.
3.India VIX at 10.05.
4. FIIs bought Rs. 1440.66 cr in cash, covered shorts worth Rs. 1549 cr, and booked profits of Rs. 1567.34 cr.

Equirus on TrentDowngrades To ‘Reduce’ From ‘Add’; Cuts Target Price To ₹4,474 From ₹5,759Premium To Fade As Growth Moderates; Signs Of Growth Fatigue Have Emerged SinceQ2 Is Poised To Be The Fifth Consecutive Quarter Of Sequential Moderation In Topline GrowthQ2 Standalone Revenue Growth Of 17% Marks Lowest Performance In The Past 18 QuartersExpectation Of 26% […]

Equity:
Nifty: 25,077 (+0.74%)
Sensex: 81,790 (+0.72%)
DIIs: Bought Rs. 5,036 cr
FIIs: Sold Rs. 313 cr
GIFT Nifty: 25,155 (as of 7:30 a.m.)

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.