The Indian benchmark indices are set for a positive start as the global markets closed higher, while domestic macroeconomic data might boost investor sentiment for today’s trade. The international markets were fuelled by the anticipation of a rate cut by the US Federal Reserve after its meeting today. The talks on the US-China trade deal added confidence among investors worldwide, with theUS markets continuing to close at record highs and Asian markets trading in the green.

Japan’s Nikkei 225 index rallied by 2.14%, while the Hang Seng remained flat, and the South Korean KOSPI also rose by 1.31%. The Shanghai Composite was up by 0.19%, but Singapore’s Straits Times was the outlier, trading lower by 0.29%. 

Wall Street ended its Tuesday session in the green, with the S&P 500 rising 15.73 points, or 0.23%, to 6,890.89. The Nasdaq Composite closed 190.04 points, or 0.8%, higher at 23,827.49, and the Dow Jones Industrial Average added 161.78 points, or 0.34%, to 47,706.37. 

The Ministry of Statistics and Programme Implementation (MoSPI) released its industrial production data, recording a steady growth of 4% in September, unchanged from August, driven by a 4.8% growth in the manufacturing sector. Among the core sectors, electricity generation surged 3.1% while mining activity slipped 0.4% in September. Within manufacturing, 13 out of 23 industry groups have recorded a positive growth YoY. The top three positive contributors are basic metals (12.3%), electrical equipment (28.7%), and motor vehicles, trailers and semi-trailers (14.6%).

The GIFT Nifty index, charged by these positive cues, indicated a strong opening for the Indian markets. At 8:20 am, the GIFT Nifty index was at a premium of 43 points, or 0.17%, trading at 26,169. 

Today’s session could mark a rebound, as both the Sensex and the Nifty closed in negative territory yesterday. The Sensex fell 150.68 points, or 0.18%, to 84,628.16, while the Nifty50 declined 29.85 points, or 0.11%, to 25,936.20. 

Stocks in focus:

Q2 results announcement: Larsen & Toubro, Coal India, RailTel Corporation of India, Hindustan Petroleum Corporation, LIC Housing Finance, Brigade Enterprises, Mahanagar Gas, NMDC, NTPC Green Energy, Quess Corp, Radico Khaitan, Steel Authority of India, United Breweries, Varun Beverages, Sanofi India 

Jindal Steel: The company reported a fall in profit of 25.9% to ₹638.2 crore compared to ₹860.9 crore in the corresponding quarter last year, though revenue grew by 4.2% to ₹11,685.9 crore. The Board also approved the appointment of Gautam Malhotra as Chief Executive Officer. 

Mahindra & Mahindra Financial Services: Net profit for the quarter ended September 30 grew by 54% to ₹569 crore. Its loan book grew 13% to ₹1.27 lakh crore, while disbursements grew 3% year-on-year to ₹13,514 crore.

Adani Green Energy: It recorded a net profit rise of 25% to ₹644 crore for Q2FY26, along with a 20% rise in revenue from power supply to ₹2,308 crore. Its revenue, on the other hand, declined 4.3% to ₹3,249 crore. Its operational capacity has increased by 49% year-over-year to 16.7 gigawatts in the first half of FY26 and is on track to achieve the 50-GW target.

TVS Motor: It registered its highest-ever sales in a quarter, resulting in net profit for the second quarter jumping 42% to ₹833 crore. Consolidated revenues from operations increased 25% year-on-year to ₹11,905 crore.

Tata Capital: The NBFC company reported a consolidated net profit of ₹1,097.32 crore for the second quarter ended September 30, 2025, a 2% increase from ₹1,075.72 crore in the corresponding period last year. The Tata group company’s consolidated revenue from operations stood at ₹7,737.18 crore, up 7.68% year-on-year (YoY) from ₹7,184.78 crore in Q2FY25. 

Mphasis: The information technology (IT) solutions provider specialising in cloud and cognitive services has announced the launch of two quantum technology-focussed solutions: Mphasis qCryptsec for quantum-safe cryptography to strengthen enterprise resilience, and Mphasis QOptiDecision for quantum computing-enhanced decision intelligence in the quantum era. 

PNB Housing Finance: It announced that Crisil Ratings has assigned a ‘Crisil AA+/ Stable’ rating to ₹3,410 crore nonconvertible debentures, enhanced rated amount on total bank loan facilities from ₹4,000 crore to ₹9,000 crore and has reaffirmed its ‘Crisil AA+/Stable/Crisil A1+’ ratings on the existing debt instruments and bank facilities.