Business · Markets · 2 hrs ago
Indian stocks rebound as investors weigh company results and defence spending
India’s Nifty 50 index rose 0.68% on Monday, ending a four-session run of losses.
Shares including Paytm, Tata Consumer Products, Dalmia Bharat and DCM Shriram are in focus as investors assess September-quarter results and other company updates.
Paytm’s quarterly profit jumped 976% from a year earlier, while Tata Consumer Products’ profit rose 16%.
Dalmia Bharat reported a loss, partly due to a one-time charge, and DCM Shriram’s profit fell 34%.
Defence authorities approved purchases worth about Rs 2.12 lakh crore for the armed forces, with around 82% of the approved items to be sourced from Indian industry.
The Nifty’s next direction may depend on whether it can move above 22,820; analysts cited in the source say a sustained rise above that level could open the way towards 23,100–23,200.
Investors are expected to keep tracking earnings, fundraising plans, credit ratings, regulatory developments and new business wins.
Indian stocks rebounded on Monday, ending a four-session losing streak as the NSE Nifty 50 rose 153 points, or 0.68%, to 22,753.
Investors were watching company results, fundraising plans, credit rating updates, regulatory developments and new business wins.
Defence and space technology stocks were also in focus after the Defence Acquisition Council approved capital acquisition proposals worth around Rs 2.12 lakh crore.
The Ministry of Defence said around 82% of the approved procurements would be sourced from Indian industry.
Company results varied, with Paytm and Tata Consumer reporting higher quarterly profits while Dalmia Bharat reported a loss.
- Who
- Indian equity investors and companies including Paytm, Tata Consumer and Dalmia Bharat.
- What
- Indian stocks rebounded, while investors assessed company results and defence spending plans.
- When
- Monday; the article said stocks would remain in focus on Tuesday, October 27.
- Where
- India.
- Why
- Investors were tracking September-quarter earnings, fundraising plans, credit rating updates, regulatory developments, new business wins and defence procurement.
This story does not have two clearly opposing sides.
The NSE Nifty 50 rose 153 points, or 0.68%, to close at 22,753, ending a four-session losing streak.
The council approved capital acquisition proposals worth around Rs 2.12 lakh crore for the armed forces.
Several stocks were expected to remain in focus as investors tracked results and other company developments.
- NSE Nifty 50 close
- 22,753
- Nifty daily rise
- 153 points, or 0.68%
- Defence acquisition proposals
- Around Rs 2.12 lakh crore
- Procurement from Indian industry
- Around 82%
- Paytm Q2 FY27 net profit
- Rs 226 crore, up 976% year-on-year
- Tata Consumer September-quarter net profit
- Rs 470 crore, up 16% year-on-year
What people are saying
could signal a further pullback towards the 23,100–23,200 resistance zone