TLDR
Market Recap: October 13, 2025
On October 13, 2025, Indian equities slipped as tariff jitters kept risk appetite in check: Sensex 82,327.05 (−174 pts, −0.21%), Nifty 50 25,227.35 (−58 pts, −0.23%); Nifty Midcap 100 +0.11%, Nifty Smallcap 100 −0.17%. India VIX 10.99 (+9%), reflecting a mild volatility uptick. Selling in IT/FMCG offsets resilience in banks/realty. The rupee hovered near its record low around ₹88.74/$ amid RBI-watchful trade. FII/DII: today’s provisional prints were not released at copy time; Oct 10 showed FII +₹459 cr, DII +₹1,708 cr (provisional).
Key Drivers :
Tariff shock keeps a lid on risk: Fresh US-China tariff headlines weighed on Asia and India; sentiment improved late as lows were bought.
Flows and FX under watch: With FIIs choppy and the rupee near 88.8/$, traders eyed RBI steadiness and domestic DII support.
Earnings and primary market lens: HCLTech Q2, Tata Capital listing, and stock-specific movers (BLS, Waaree, DMart) drove dispersion.
Today’s Top Stories:
Tata Capital’s cool debut: Lists 1% above issue; valuation hefty, premium restrained.
HCLTech steady Q2: Revenue beats, profit flat; ₹12 dividend; guidance intact.
BLS hit by tender bar: 2-year MEA restriction sparks double-digit fall.
Waaree Renewable pops: Record Q2 lifts stock toward highs on strong execution.
DMart mixed: Solid sales, lean margins; stock eases.
TOP STORIES
1. Tata Capital lists flat-to-soft vs hype
DALL-E
Listing math: India’s largest 2025 IPO debuted 1.2% above ₹326 at ₹329.8, valuing the NBFC at ~₹1.4 trillion.
Strategy signal: Proceeds shore up capital ratios to fund retail and SME growth; peers’ rich valuations capped day-one pop.
Market reaction: Muted premium and weak tape kept gains in check; NBFC pack was mixed.
Tata Capital listing came in muted. What’s your stance now?
2. HCLTech prints steady Q2; dividend continues
DALL-E
Financial performance: Revenue +10.6% YoY to ₹31,942 cr, profit flat ₹4,235 cr; bookings healthy; guidance retained.
Operational lens: ER&D momentum and deal ramp-ups offset margin pressure; ₹12/share interim dividend marks the 91st consecutive payout.
Market impact: IT stayed weak amid global risk-off; HCLTech ended marginally lower.
HCLTech Q2 steady with dividend. How do you play IT here?
3. BLS International slumps on 2-year tender bar
DALL-E
Regulatory setback: MEA barred the visa-services firm from new government tenders for two years, triggering its worst day since 2020.
Business risk: Tender pipeline visibility dims; higher client-concentration and renewal risk come into focus.
Market reaction: Stock plunged ~13%, erasing recent gains.
BLS International barred from new govt tenders for 2 years. Your move?
4. Waaree Renewable soars on record Q2
DALL-E
Earnings growth: Net profit ~₹116 cr, >2x YoY with record revenue on robust project execution and order book.
Strategic angle: Clean-energy demand and segment expansion (incl. storage) support forward visibility.
Market reaction: Shares jumped 8-13%, nearing 52-week highs.
Waaree Renewable posts record Q2, stock pops. What’s the call?
5. DMart: decent topline, softer margins; stock slips
DALL-E
Financial performance: Q2 PAT ~₹685 cr (+4% YoY); revenue +15% YoY on steady store additions.
Operational highlights: Margin pressure and a calibrated DMart Ready footprint kept profitability in check.
Market reaction: Shares fell 2-3% as mixed broker takes outweighed growth.
DMart Q2 solid sales, softer margins. Positioning?
GYAANI HOT TAKES
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