TLDR
Market Recap: October 27, 2025
On October 27, 2025, Indian equities rallied on global risk-on cues and softer US inflation. Sensex closed 84,778.84 (+567, +0.67%); Nifty 50 25,966.05 (+171, +0.66%). Broader markets outperformed: Nifty Midcap 100 +0.93% (59,780.15) and Nifty Smallcap 100 +0.82% (18,403.05). India VIX rose to ~11.98 (+3.34%). Banks and realty led; metals and O&G firmed with global tailwinds. Investor appetite improved on hopes of a Fed cut and progress in US-China trade.
Key Drivers :
Global relief trade: Softer US CPI revived rate-cut bets; optimism on US-China trade lifted cyclicals and beta.
Breadth turns constructive: Mid and small caps gained 0.9% and 0.8%, signaling renewed risk appetite beyond the heavyweights.
Vol creeps up from lows: India VIX nudged higher off multi-month troughs as traders priced event risk ahead of a heavy results flow.
Today’s Top Stories:
IOC Q2 swings to profit: Big GRM lift turns last year’s loss into ₹7,600+ cr profit; revenue ~₹2.02 lakh cr.
Coforge fires on all cylinders: PAT +86% YoY, margin up; stock +~6% on upgrades.
SEBI pauses Sterlite Electric IPO: Vedanta unit’s issue on hold; timeline uncertainty rises.
Adani Energy Solutions Q2 mixed: PAT ₹557 cr, base-effect noise; shares little changed.
Amazon’s export milestone: India sellers cross $20 bn; 2030 goal $80 bn despite tariffs.
TOP STORIES
1. Indian Oil Q2 swings to profit on stronger GRMs
Gemini-2.5
Financial performance: Standalone PAT ₹7,610-7,817 cr vs loss a year ago; revenue ₹2.02-2.03 lakh cr, aided by better refining margins and lower input costs.
Operational lens: GRMs improved materially as crude softened; IOC and Chennai Petroleum together process about a third of India’s capacity.
Market impact: OMCs were bid with the broader tape; IOC tracked the index after the results headlines.
Indian Oil reported ₹7,600-7,800 cr PAT on GRM rebound. What’s your OMC stance now?
2. Coforge beats; stock pops 6% on upgrades
Gemini-2.5
Earnings growth: Q2 PAT ₹376 cr (+86% YoY); revenue ₹3,986 cr (+31% YoY); EBIT margin expanded ~250 bps QoQ; TCV $514 mn.
Business drivers: Broad-based client spend recovery; multiple large deals signed; order executable up 27% YoY.
Market impact: Shares jumped 6% as brokerages raised targets post-print.
Strong print and upgrades. What’s your trade?
3. SEBI halts Sterlite Electric IPO filing from Vedanta Group
Gemini-2.5
Regulatory action: SEBI put the proposed IPO on hold; the filing included fresh and OFS components; no reason was disclosed.
Implication: Adds timeline uncertainty for Vedanta’s deleveraging and capital-market plan amid a busy IPO calendar.
Market impact: Vedanta complex watched for sentiment spillover; IPO pipeline tone steady given robust 2025 issuance.
Vedanta unit’s IPO paused. How do you read it?
4. Adani Energy Solutions prints mixed Q2; PAT ₹557 cr
Gemini-2.5
Financials: Consolidated PAT ₹557 cr; revenue ₹6,596 cr; YoY print distorted by prior-year deferred-tax benefit.
Operations: Capex accelerated in H1; transmission pipeline remains healthy; management highlighted steady cash generation.
Market impact: Stock closed roughly flat to mildly higher into the release.
Mixed print with steady capex. Positioning?
5. Amazon flags $20 bn exports by Indian sellers
Gemini-2.5
Milestone: Amazon said Indian sellers have surpassed $20 bn in cumulative exports; ~$7 bn in 2025 alone; target $80 bn by 2030.
Strategic angle: Despite higher US tariffs, categories like home, apparel, and toys power growth; policy simplification aids scale.
Market impact: Positive read-through for cross-border MSME exporters and logistics enablers; e-commerce ecosystem sentiment buoyed.
E-commerce export flywheel to $80 bn by 2030. Your view?
GYAANI HOT TAKES
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