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Market Commentary

Overnight global action was positive : On 6 th Oct, U.S. markets were positive with S&P 500 up +24.49 pts (+0.36%), Dow Jones was down by -63.31 pts (-0.41 %) and Nasdaq was down by +193.24 pts (+0.78%). India VIX was down by ~1.59%. GIFT Nifty is trading flat at ~25,146 (-33.00 pts, -0.13%) indicating Indian markets will open positively.

On 6 th Oct, advance decline ratio on NSE was 1383:1729 and BSE was 1780 : 2506 which showed weakness in the overall markets.

Index Options Data Analysis:

Sensex max call OI is at 82500 and max put OI is at 81,000 with PCR of 1.34

Nifty max call OI is at 25,100 and max put OI is at 25,000 with PCR of 1.51

Bank Nifty max call OI and max put OI both is at 57,000 with PCR of 1.10

Securities in Ban for F&O Trade for 7 th -Oct-2025:

RBLBANK

Sectors in Focus:

IT : Nifty IT Index was up by +2.28%, TCS (+2.97%), LTIM (+2.93%), and TECHM (+2.78%) were supporting the index.

Healthcare : Nifty Healthcare index was up by +1.29% with FORTIS (+7.22%), MAXHEALTH (+6.34%) and APOLLOHOSP (+2.50%) among the top gainers.

Pvt Bank: Nifty Pvt Bank index was up by +1.22% with IDFCFIRTB (+3.00%), AXISBANK (+2.29%), and KOTAKBANK (+2.01%) contributing positively to the index.

Media: Nifty Media index was down by -0.90% with with PFOCUS (-1.65%), TIPSMUSIC (-1.63%) and PVRINOX (-1.56%) among the laggards.

Metal: JSL (-3.33%), JINDALSTEL (-2.40%) and SAIL (-1.90%) dragged the Nifty Metal index by -0.89%

Energy: Nifty Energy index was down by -0.02%, top losers were APGISLOG (-6.00%), ENRIN (-3.18%) and RPOWER (- 2.58%).

Stocks in the News

1. Bharti Airtel Limited (CMP: 1902.55, MCap: 1,159,488, Sector: Telecommunications, Valuation: 11.23x FY26 EV/EBITDA) Bharti Airtel Limited secured a multi-year contract for the Indian Railway Security Operations Centre (IRSOC), a significant deal enhancing its role in critical infrastructure security solutions. This contract is expected to bolster Airtel's portfolio in providing advanced tech-driven security services, further strengthening its position in the telecommunications and infrastructure sectors. 

2. HCL Technologies Limited (CMP: 1416.65, MCap: 384,431, Sector: IT Services, Valuation: 21.05x FY26 P/E) HCL Technologies Limited earned dual recognition from TIME Magazine as one of the World’s Best Companies and Most Sustainable Companies of 2025. This accolade enhances the company’s global reputation for excellence and sustainability, potentially boosting investor confidence and brand value in the competitive IT services market. 

3. Coal India Limited (CMP: 382.05, MCap: 235,447, Sector: Mining & Minerals, Valuation: 4.26x FY26 EV/EBITDA) Coal India Limited entered into an MoU with Chhattisgarh Mineral Development Corporation Limited to enhance cooperation in mineral development, potentially boosting production capabilities and regional economic contributions. This partnership may strengthen its operational footprint in key mining areas. 

4. Zydus Lifesciences Limited (CMP: 994.30, MCap: 100,049, Sector: Pharmaceuticals, Valuation: 14.02x FY26 EV/EBITDA) Zydus Lifesciences Limited received approval from Health Canada for Liothyronine tablets (5 mcg and 25 mcg) and final approval from USFDA for Deflazacort oral suspension (22.75 mg/mL). These approvals expand market access for critical medications, likely boosting revenue potential. 

5. Oil India Limited (CMP: 419.60, MCap: 68,252, Sector: Oil & Gas, Valuation: 6.76x FY26 EV/EBITDA) Oil India Limited signed an MoU with Mahanagar Gas Limited to explore collaboration in the LNG sector. This strategic partnership aims to bolster their capabilities in the energy value chain, potentially boosting market presence in a growing segment. 

6. Muthoot Finance Limited (CMP: 3227.00, MCap: 129,553, Sector: Financial Services, Valuation: 3.95x FY26 P/BV) Muthoot Finance Limited updated on its US $4 Bn Global Medium Term Note Programme (GMTN Programme), with a Bloomberg announcement indicating progress or changes in its international funding strategy. This could impact its financial structure and global outreach. 

7. Astral Limited (CMP: 1382.70, MCap: 37,144, Sector: Industrials - Pipes & Fittings, Valuation: 56.05x FY26 P/E) Astral Limited commenced commercial production at its Kanpur plant, marking a significant step in expanding manufacturing capacity and potentially increasing market supply and revenue in the region. This move could enhance operational scale. 

8. Isgec Heavy Engineering Limited (CMP: 882.10, MCap: 6,486, Sector: Industrials - Engineering, Valuation: 13.41x TTM EV/EBITDA) Isgec Heavy Engineering Limited announced an acquisition, expanding its operational footprint or capabilities. This strategic move is poised to strengthen its market presence or diversify its business offerings in the engineering sector. 

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