Strong Wall Street earnings from major financial institutions and chipmakers are boosting investor mood, which further encouraged Asian markets to take note of the bullish closing of US stocks, even as heightened tensions between the US and China continue to create some volatility and caution.
Following the release of their Q2 earnings, Axis Bank and HDFC AMC will be the focus of attention on the domestic market today. While investors now await key U.S. GDP, PPI, and retail sales data scheduled today as well as trade-related events, Infosys, Wipro, LTIM, Nestle, Jio Financial Services, and Eternal have earnings due today.
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Oct 16, 2025, 11:03 am IST
Result Update: HDB Financial Services Limited | 2QFY26 Result Update – Weak quarter; downgrade to Reduce
“HDB Financial Services reported 11% miss in PAT (-2%/+2% YoY/QoQ) on account of higher than expected credit costs of ~2.7% (vs. 2.3% JMFe) as asset quality trends were negatively impacted by CV/CE. PPoP was in line with our estimates (+24%/+9% YoY/QoQ) led by +21bps expansion in NIMs (calc.) (7.9% in Q2FY26). Disbursements were muted (down 1% YoY) leading to further moderation in AUM YoY growth to 13% in 2QFY26. Management guided NIMs of ~7.9-8.0%, AUM growth of 18-20% CAGR 26 and credit costs of 2.2% over the medium term post-FY. We believe despite a strong franchise, HDB stands inferior among diversified peers in terms of AUM growth (~12% CAGR over FY25-27E) and returns profile (avg RoA/RoE of 2.2%/14% in FY26/27E) vs. CIFC (AUM CAGR/avg RoA/RoE of 19%/2.5%/20%) and BAF (~24% AUM CAGR/ avg RoA/RoE of 24%/4.0%/20%) over FY25-27E. We have cut our FY26-28E EPS by ~3%-7% leading to cut in TP to INR740 (INR780 earlier), valuing it at 2.6xFY27E P/B. We change our rating from HOLD to REDUCE to align with our new rating system,” said Ajit Kumar of JM Financial Institutional Securities.
Oct 16, 2025, 10:19 am IST
Nifty Outlook Today By Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking
The Nifty 50 had opened on a positive note and traded higher with a strong upward bias in the previous session, eventually closing in the green and signalling sustained bullish sentiment. From a technical perspective, a sustained move above 25,450 could pave the way for a rally toward 25,500. On the downside, immediate support lies at 25,200 and 25,150, which may serve as potential entry points for long trades.
Oct 16, 2025, 9:28 am IST
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited
A close near 25330 region, which has been keeping a lid on upside attempts, not only negates previous day’s bearish pattern, but also elevates the possibilities of a strong push higher. This encourages us to aim for 25460, the upside objective we have been eying since last week. Sustainability is still a question though, given the low momentum. Downside marker may be placed near 25260.
Oct 16, 2025, 9:01 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments
Latest comments from the US administration indicate reduction in the India-US trade tensions and points to the possibility of a US-India trade deal in the next few weeks. China’s tough actions regarding the rare earth magnets have hit the US hard and, therefore, the US is keen on striking a deal with India with both countries making some concessions. Even though Indian macros are robust and GDP growth projection for FY26 is being revised up, India’s exports and jobs in labour intensive areas like textiles, gems and jewellery and leather products have been hit hard. In this context, a US-India trade deal will be a big boost to the markets. The low CPI inflation of 1.54% in September and the possibility of FY26 annual inflation declining to 2.6% open up the possibility of further rate cuts by the MPC. This, in turn, will boost the prospects of rate sensitives particularly automobiles, which are likely to experience sustained high demand for an extended period of time.
Oct 16, 2025, 8:34 am IST
Bank Nifty Prediction Today By Mr. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd
Technically, on the daily scale, Bank Nifty formed a doji candle near trend line resistance. Immediate resistance for Bank Nifty is placed near the high of the doji candle around 55,020 levels. If the index sustains above 55,020, the upmove could extend to 55,500–56,000 levels in the near term; otherwise, short-term profit booking could be possible. Thus, short-term traders are advised to wait for a fresh breakout above 55,020.
Oct 16, 2025, 8:33 am IST
Nifty Prediction Today By Mr. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd
Technically, on the daily chart, Nifty found resistance near 25,150 levels and formed a bearish engulfing candle on the daily scale, indicating weakness. As long as the index remains below 25,150, a pullback towards 24,840 could be possible, where the 34-DEMA support is placed. A sustained move above 25,150 could attempt to test 25,500, where the next major resistance is located. Thus, short-term traders are advised to wait for a fresh breakout above 25,150.
Oct 16, 2025, 8:33 am IST
Nifty Outlook By Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Technically, the Nifty looks poised to retest the trendline hurdle near 25,450, and a decisive breakout above this level could propel the index toward 25,650 and beyond. We maintain a bullish bias and continue to advocate a “buy on dips” approach as long as the index holds above the 25,000 support zone.
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Original news source Credit: www.goodreturns.in
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