WEEKLY TRENDSETTER ( OCT 10,2025)
| 2025 | SEPT 26 | OCT 3 | Ch % |
| NIFTY | 24654 | 24894 | 0.97 |
| BANK NIFTY | 54389 | 55589 | 2.21 |
| USD/INR | 88.72 | 88.77 | 0.06 |
MARKET REVIEW-The market saw a steady opening to the Oct series after an unconvincing Sept series. The current month will also see Sept quarter earnings trickling in and IT and pharma will be in specific focus. The full impact of GST cuts will of course be reflected in the Oct-Dec quarter. There also appears to be some positive development on the Gaza front with Hamas willing to accept Trump’s peace proposal. Hopefully the worst is behind us.
INTERESTING CUES
Tariff of $1 lac on H-1B visa draws flak from US companies
A bunch of industry organizations comprising of chipmakers, software companies and retailers have warned that the fee could crimp talent pipeline of foreign skilled workers and leave critical jobs unfulfilled.
Ramkrishna Forgings aims to increase railways business
The company is poised to become the only manufacturer of forged railway wheels and aims to increase its railway revenue share to 20% by 2030 from 6% currently. The Chennai facility is expected to produce 2.20 lac forged wheels per year, of which the railway demand will be of around 80,000 wheels and the rest will be targeted for the export market.
The plant is expected to touch 80 % capacity utilisation over the next five years, which will contribute nearly Rs 2,000 crore to the company’s revenue.
NIFTY –The index managed to hold on to the 24500 support and the closing seems to suggest 25000 could be touched early next week. However, bulls will be convinced of a stronger move if levels of 25500 could be cleared. For the coming week 24800 -25200 appears a realistic range.
BANK NIFTY-The index shows an interesting mix. While ICICI Bank and HDFC Bank still look sluggish, Axis, Kotax and the PSU packs seem to be preferred bets. The index showed smart gains for the week and level to watch out for the week will be 56000 which is a formidable resistance.
STOCK PICKS
NIFTY -Buy Oct 28 24800 strike put at around 90 for target of 160 and sl of 50.
NMDC-The is consolidating above 75. Accumulate at declines for a target of 85.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam