Daily Morning Reprt Date: 15.10.2025
NIFTY OUTLOOK: 25145.50 FII: -1508.53 cr DII: 3661.13 cr
As discussed yesterday, market behaviour remained on the expected lines during the day. Nifty opened with an uptrend and reached near our level of 25315 (made a day high of 25310.35) but failed to sustain there and slipped to a day low of 25060.55 — close to our support of 25053. On closing, it ended near our level of 25140 i.e. closed at 25145.50.
MS on Muthoot Finance – Maintain Overweight on the company, raise target price to Rs.3660/share (Positive)
MS on Manappuram – Maintain Equal Weight on the company, raise target price to Rs.285/share (Positive)
MS on TCS – Maintain Overweight on the company, target price at Rs.3690/share (Positive)
Nuvama on TCS – Maintain Buy on the company, target price at Rs.3650/share (Positive)
Avendus on TCS – Upgrade to Buy, raise target price to Rs.3700/share versus Rs.3690/share (Positive)
Top Corporate Updates
FlySBS Aviation expands its business jet fleet with the induction of a 13-seater Embraer Legacy 650 under dry lease. The jet offers a 3,900-nautical-mile range, enabling non-stop 6-hour flights to the Middle East and Southeast Asia. Target clientele includes ultra-HNIs and corporate leaders in the premium charter segment.
1. FIIs net long position stands at 7.5%
2. VIX is at 11 (up 8.91%)
3. PCR is at 1
4. FIIs sold Rs. 240 cr in index futures, Rs. 836 cr in stock futures, and Rs. 2,501 cr in stock futures — total directional selling of Rs. 3,576 cr
5. Open Interest (Index & Stock):
Daily Morning Report Date: 14.10.2025
NIFTY OUTLOOK: 25227.35 FII: -240.10 cr DII: 2333.42 cr
As discussed yesterday, market behaviour remained on expected lines during the day, as profit booking dragged Nifty down to our support level of 25151 (made a low of 25152.3) after a decisive breakdown of 25240.
A long bearish candle engulfed the small bullish candle formed on the previous day’s chart, creating a bearish descending hawk candlestick pattern. Technically, this pattern indicates diminishing buying power and a warning that the current uptrend may be losing momentum. Hence, if Nifty decisively breaks below 25184, it may slip to 25140–25097. If selling pressure intensifies, it could test 25053.
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.
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.
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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