TLDR
Market Recap: October 16, 2025
On October 16, 2025, Bulls pressed on for a second day, as banks/FMCG led, and a firmer rupee eased macroeconomic nerves. Sensex closed 83,467.66 (+862.23, +1.04%); Nifty 50 25,585.30 (+261.75, +1.03%). Broader indices rose: Nifty Midcap 100 +0.46%; Nifty Smallcap 100 +0.24%, India VIX 10.86 (▲3.13%). Provisional flows were supportive: FII +₹997 cr; DII +₹4,076 cr.
Key Drivers :
Rupee tailwind: Reports of heavy RBI FX support flipped options risk-reversals in favor of INR; currency extended gains, aiding risk appetite.
Earnings bid: Large-cap IT prints (Infosys, Wipro) and upbeat LTIMindtree kept tech constructive despite mixed single-stock moves.
Breadth & sectors: Buying was broad-based with FMCG, Banks, Auto leading; smallcaps/midcaps rose in tandem.
Today’s Top Stories:
Infosys tightens FY26 view to 2-3%: Q2 beat; stock slightly softer.
Wipro edges up on Q2: Revenue +1.8%, two $500mn+ wins; Q3 guide in line.
LTIMindtree beats: Profit +12%, BFSI-led; shares marginally higher.
Zee profit halves: Ads weak; ZEE5 losses narrow; shares -0.6%.
Metro Brands misses: Demand lull ahead of tax cuts; stock steady.
TOP STORIES
1. Infosys narrows FY26 revenue view to 2-3%; Q2 beat on revenue & profit
Gemini-2.5
Financial performance: Q2 revenue ₹444.9 bn (+8.5% YoY); PAT ₹73.64 bn (+13.2% YoY), both ahead of estimates. Guidance tightened to 2-3%.
Strategic/ops: Broad-based growth (FS & manufacturing), $3.1 bn large deals (YoY up), while near-term TCV softer vs Q1.
Market reaction: Stock slipped 0.1-0.3%, lagging a strong tape.
2. Wipro Q2: revenue +1.8% YoY; PAT +1.2%; two mega deals
Gemini-2.5
Financial performance: Revenue ₹226.97 bn (+1.8% YoY); PAT ₹32.46 bn (+1.2% YoY). Q3 guide $2.59-2.64 bn (-0.5% to +1.5% QoQ).
Strategic/ops: Won two $500mn+ contracts; total bookings $4.69 bn (down QoQ, up YoY); Asia & Americas Comms helped.
Market reaction: Shares +1.4% on results day.
3. LTIMindtree beats Q2 expectations on BFSI; profit +12%
Gemini-2.5
Financial performance: Net profit +12% YoY; sales +10.2%; new deals $1.59 bn (slightly below Q1 but above LY).
Strategic/ops: BFSI led; management still targeting near double-digit FY growth; Americas grew 3.6% QoQ.
Market reaction: Shares ended marginally higher after the recent run-up.
4. Zee Entertainment profit halves on ad slump; streaming losses narrow
Gemini-2.5
Zee Entertainment profit halves on ad slump; streaming losses narrow
Financial performance: Q2 PAT ₹765 mn (-60% YoY); ad revenue -11% YoY (12th drop in 13 quarters); overall revenue -2%.
Strategic/ops: ZEE5 core losses cut >80%; subscription +5%; margins compressed 7.4% vs 16% YoY.
Market reaction: Stock -0.6% amid competitive/ads concerns.
5. Metro Brands misses Q2 profit view as demand softens ahead of tax cuts
Gemini-2.5
Financial performance: Q2 profit below estimates on softer footwear demand; commentary cited pre-tax-cut pause.
Strategic/ops: Focus on mix and store expansion continues; watchers track festive sell-through and elasticity.
Market reaction: The Stock was little changed by close.
GYAANI HOT TAKES
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