GIFT Nifty indicates firm start for Sensex, Nifty; RIL, Ola Electric, Kotak Mahindra Bank, Dr. Reddy’s, Adani Energy shares in focus

The Indian benchmark indices—the BSE Sensex and the NSE Nifty—are poised for a firm start on Monday, tracking firm global cues amid optimism over the U.S.-China trade talks. Market participants will also keep an eye on progress in the India-U.S. trade deal, which could further boost investor sentiment.

The GIFT Nifty futures also indicated a gap-up opening for the benchmark indices. At 8:20 a.m., the GIFT Nifty was up by 101 points, or 0.39%, at 25,946.

Among individual stocks, shares of Adani Energy Solutions, Indian Oil, Bata India, Indus Towers, Canara HSBC Life Insurance, Canara Robeco Asset Management Company, Chennai Petroleum Corporation, KFin Technologies, Mahindra Logistics, Mazagon Dock Shipbuilders, PNB Housing Finance, Raymond, Sona BLW Precision Forgings, and Tata Investment Corporation will be in focus ahead of their quarterly earnings today.

On Friday, the Indian equities ended their six-session winning run as investors booked profits possibly due to a lack of fresh triggers. The benchmark BSE Sensex slipped 344 points, or 0.41%, to close at 84,211.88, while the NSE Nifty50 settled 96 points lower at 25,795.15.

Global markets cheer U.S.-China trade talks

On the global front, all major Asian indices were trading in the green as investors cheered progress in the U.S.-China trade talks. The rally in the Asian markets was led by Japan’s Nikkei 225 and South Korea’s KOSPI, both surging over 2% each. Among others, Singapore’s Straits Times, Hong Kong’s Hang Seng, and China’s Shanghai Composite were up by 0.40%, 0.94%, and 0.8%, respectively.

On Friday, Wall Street ended on a strong note, with all three key U.S. indices closing at record highs as investor sentiment improved on the back of cooler-than-expected inflation data and robust corporate earnings. The Dow Jones Industrial Average advanced 1.01%, while the S&P 500 climbed 0.79%. The Nasdaq Composite ended 1.15% higher.

Stocks to watch

Ola Electric: The board of the electric two-wheeler maker has cleared plans to raise ₹1,500 crore through multiple routes—including equity issuance, convertible securities, rights issue, QIP, or private placement.

Reliance Industries: Subsidiary Reliance Intelligence has set up Reliance Enterprise Intelligence (REIL) as a joint venture with Facebook Overseas Inc., a subsidiary of Meta Platforms. Under the agreement, Reliance will hold 70% and Facebook 30% in REIL. Both have committed a joint investment of ₹855 crore.

Kotak Mahindra Bank: The private lender’s profit declined 2.7% to ₹3,253.3 crore in Q2FY26, from ₹3,343.7 crore in  the year-ago period. Net interest income grew 4.1% to ₹7,310.7 crore from ₹7,019.6 crore, while provisions and contingencies rose sharply by 43.5% to ₹947.4 crore from ₹660.4 crore.

Dr. Reddy’s Laboratories: The company’s consolidated net profit rose 14.5% to ₹1,437.2 crore in the September quarter of FY26, compared to ₹1,255.3 crore in Q2FY25, while revenue increased 9.8% to ₹8,805.1 crore from ₹8,016.2 crore.

SBI Life Insurance: The company’s profit fell 6.6% to ₹494.6 crore from ₹529.4 crore, even as net premium income surged 22.6% to ₹24,848.3 crore from ₹20,266.1 crore.

SBI Cards and Payment Services: Net profit increased 10% to ₹444.8 crore in Q2FY26, from ₹404.4 crore, and revenue grew 12.2% to ₹4,961 crore from ₹4,421 crore.

Coforge: The profit of the company soared 86% to ₹375.8 crore from ₹202.1 crore in Q2FY25, and revenue jumped 31.7% to ₹3,985.7 crore from ₹3,025.6 crore. The board declared an interim dividend of ₹4 per share.

Zen Technologies: The defence company’s net profit slipped 4.6% to ₹59.4 crore in Q2FY26, from ₹62.3 crore, while revenue dropped 28.2% to ₹173.6 crore from ₹241.8 crore.

Sigachi Industries: Net profit plunged 50.9% to ₹10.7 crore from ₹21.8 crore, and revenue declined 11.5% to ₹110.5 crore from ₹124.9 crore in Q2FY25.

eClerx Services: Profit jumped 30.6% to ₹183.2 crore in Q2FY26, from ₹140.2 crore, while revenue surged 20.8% to ₹1,004.9 crore from ₹831.8 crore. The board approved a buyback of 6.66 lakh shares worth up to ₹300 crore at ₹4,500 per share.

Housing & Urban Development Corporation (HUDCO): Signed a non-binding MoU with the Jawaharlal Nehru Port Authority (JNPA) to explore financing opportunities for existing and upcoming port infrastructure projects at JN Port worth around ₹5,000 crore.

General Insurance Corporation of India (GIC Re): The Ministry of Finance has assigned additional charge of CMD to Hitesh Ramesh Chandra Joshi, currently Executive Director, effective October 1, for a tenure of three months.

Container Corporation of India (Concor): Signed two MoUs with Adani Cement for rail-based transportation of bulk cement using specialized tank containers.

Indian Oil Corporation (IOC): Secured a tax relief of ₹1,102.91 crore through an appellate order, against a disputed tax demand of ₹1,194.07 crore. The company will appeal the remaining ₹91.16 crore before the ITAT.

Zydus Lifesciences: Received a Notice of Compliance (NOC) from Health Canada for generic Mesalamine suppositories (1000 mg) used to treat mild-to-moderate ulcerative proctitis.

TGV Sraac: The company’s production is expected to be affected following the failure of a transformer supplied by Transformers and Rectifiers India.

NCC: Secured a ₹6,828.94 crore contract from Central Coalfields for overburden removal and coal transportation at Amrapali OCP in Jharkhand.

GPT Infraprojects: Bagged an order worth ₹195 crore from Terminal Industriel Polyvalent de San Pedro, Ivory Coast, for the supply, installation, testing, and commissioning of a conveyor belt system at the port.

Epack Prefab Technologies: Received an order worth ₹129.94 crore from Avaada Ventures for designing, fabricating, and supplying a pre-engineered steel building for a glass factory at Butibori, Nagpur.

Vikran Engineering: Won a contract valued at ₹354.21 crore from Ellume Energy MH SolarOne (SPV) for developing a 100 MW (AC) grid-connected solar PV project in Maharashtra.

RailTel Corporation of India: The Bihar Education Project Council has cancelled a ₹209.78 crore work order related to the PM SHRI education enhancement initiative due to unavoidable circumstances.=

PTC Industries: Received a purchase order from GTRE, DRDO for supplying ready-to-fit single crystal turbine blades and vanes.

Bharat Rasayan: The company’s board approved a stock split of shares from ₹10 to ₹5 face value and a 1:1 bonus issue.

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