TLDR
Market Recap: October 8, 2025
On October 8, 2025, Indian equities cooled after a four-day rise as profit-taking hit autos, realty, and energy; IT outperformed ahead of TCS results. Sensex 81,773.66 (−153, −0.19%), Nifty 50 25,046.15 (−62.15, −0.25%). Broader markets: Nifty Midcap 100 −0.73%, Nifty Smallcap 100 −0.52%. India VIX 10.31 (+2.61%). Provisional flows: FII +₹81 cr, DII +₹330 cr.
Key Drivers :
Earnings positioning: Large-cap IT bid into TCS Q2 on Oct 9, with muted revenue but resilient margins expected.
Primary market tone: Tata Capital IPO finished subscribed; LG India IPO strongly covered on Day-2, supporting risk sentiment despite cash-market softness.
Flows supportive: Both FIIs and DIIs printed small net buys, cushioning the headline decline.
Today’s Top Stories:
Tata Capital IPO: Fully subscribed; QIBs led, listing Oct 13.
LG India IPO: Day-2 ~3.3x overall; closes Oct 9.
Titan: Q2 update lifts stock ~4% on ~20% YoY growth.
Adani Enterprises: Raises ₹1,000 cr at 8.70%; stock slightly lower.
Bira: Plans $132 mn raise to scale and deleverage.
TOP STORIES
1. Tata Capital IPO fully subscribed; institutions lead
DALL-E
Offer math: India’s largest 2025 IPO crossed 1.0x overall on the final day; QIB ~1.2x, retail 0.84x. Listing slated Oct 13.
Strategic angle: Fresh equity to power loan growth across consumer and SME while tightening capital buffers versus large NBFC peers.
Market reaction: Robust finish steadies primary pipeline for Q4 despite crowded issuance calendar.
Your call on listing outcome?
2. LG Electronics India IPO Day-2 strongly covered (3.3x overall)
DALL-E
Book build: By Day-2 close, total bids at ~3.3x; strong NII and retail participation; issue closes Oct 9.
Strategic angle: Premiumisation and capacity add to underpin growth in appliances; anchor quality and GMP keep interest elevated.
Market reaction: White-goods peers stayed in focus as subscription momentum held through the session.
Where do you see final subscription?
3. Titan jumps after Q2 update shows 20% YoY growth
DALL-E
Financial performance: Q2 business update flagged ~20% YoY growth across consumer verticals, with international strength.
Business drivers: Jewelry and watches benefited from festive build-up and premium mix; analysts remained constructive on H2 margins.
Market impact: Stock +4% intraday, leading discretionary pack.
Is the growth sustainable into festive?
4. Adani Enterprises raises ₹1,000 cr via 2.5-yr bonds at 8.70%
DALL-E
Deal terms: Private NCDs at 8.70% semi-annual coupon; proceeds for refinancing and general corporate purposes.
Strategic angle: Normalized market access and liability management continue; rating profile and cost of capital in focus.
Market reaction: Shares ended ~0.7% lower on the day.
What does this signal to you?
5. Bira lines up $132 mn raise; GEM among suitors
DALL-E
Financing plan: Craft brewer seeks $50 mn equity from GEM and $82 mn structured credit per term sheets reviewed.
Strategic angle: Funds earmarked for working capital and deleveraging after prior disruptions; aims to scale distribution and on-premise footprint.
Market read-through: Private-market momentum in staples-adjacent consumer names stays constructive into the festive quarter.
Your outlook on execution?
GYAANI HOT TAKES
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