Stock Market Live Updates 27th October 2025: Cummins India (₹4,184.35) – BUY Rewrite this headline into a unique, engaging, SEO-friendly news title. Use only English. Maximum 12 words. Output only the new title.

The International Monetary Fund (IMF) forecasts a slowdown in China’s economic growth from 4.8% this year to 4.2% next year, while Japan’s growth is expected to decline from 1.1% to 0.6%. In contrast, India is projected to maintain a growth rate of 6.6% this year, the highest among major emerging economies, before downgrading slightly to 6.2% next year. This growth is attributed to resilient domestic consumption, a revival in manufacturing, and service sector expansion. The effect of a strong start to the fiscal year remains significant, with no offset from recent tariff issues.

This positioning enhances India’s global economic stance, making it a more attractive destination for foreign direct investment (FDI) and portfolio flows, particularly when compared to slower-growing large economies and rising geopolitical challenges. The data supports the view that structural reforms, growth in consumption, and investments in infrastructure are yielding positive results. Conversely, China’s slower growth is indicative of persistent structural challenges including demographics, debt, and real estate issues.

India must capitalize on this opportunity for accelerated job creation and poverty reduction and enhance investments in infrastructure, education, and healthcare. By leveraging its growth momentum with sustained investments, it can engage labor from agriculture into more productive sectors, improve labor market absorption, develop skills, and minimize bureaucracy while managing external vulnerabilities effectively. Although India surpassing China in growth rate is notable, it is essential to make this growth resilient and assert a greater influence in global and regional developments over the coming years to transform this growth into lasting benefits: jobs, productivity, incomes, and structural change.

(Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, on India’s economic momentum relative to other major economies)

Himadri’s profits after tax (PAT) and EBITDA surged by 70%, with contributions of 70% from high-value portfolios and 30% from operational efficiency, driving sustained margin growth.

EBITDA reached ₹243 crore, marking a 21% year-on-year increase, while PAT amounted to ₹187 crore, reflecting a 39% rise compared to the previous year. For the half-year period, EBITDA totaled ₹477 crore, and PAT at ₹369 crore—both record levels for the company.

The PAT milestone has been achieved ahead of schedule; Himadri projected to double FY24’s PAT of ₹411 crore by FY27 and is already nearing this target within two years, paving the way for performance exceeding earlier expectations.

Operating at peak capacity, the company anticipates increased volumes in Q4 due to specialty black expansion and coal tar debottlenecking.

The revenue dip was not due to pressure, but attributed to lower raw material prices and export shipment timing, with the pass-through mechanism remaining intact.

The margin improvement was driven by operational and specialty focus rather than raw material softness.

Himadri’s business model emphasizes specialty products, quality, and continuous efficiency enhancements. The tyre business contributed ₹22 crore in revenue, with plans for an expanding dealer network across India and ongoing modernization in its bias, off-the-road (OTR), and industrial heavy truck lines.

Focus segments include OHT, OTR, EV, and PCR, presenting significant EBITDA opportunities over the next 3 to 4 years. A pilot plant for battery materials is under construction, with promising feedback and advances in anode technology nearing commercialization.

Sustainability has been integral to the business model for over 15 years, supporting customer retention and premium positioning.

Regarding US tariffs, there has been no adverse effect due to diversified markets and strong customer loyalty ensuring stability.

China and the U.S. have reached a trade agreement following meetings in Asia today, featuring no tariffs, eased export controls, and mutual cooperation.

This development is expected to contribute to a bullish market sentiment, with Bitcoin recently experiencing significant upward movement.

Kilitch Drugs India Ltd., a Mumbai-based small-cap pharmaceutical company, focuses on generics and injectables, exporting to over 50 countries. It is developing a ₹160 crore greenfield project in Maharashtra for injectables to target markets such as the U.S. and Europe by FY26.

Investor Mukul Agrawal has secured a 1.3% stake (235,000 shares, about ₹90 million) in Kilitch during Q2 FY26, demonstrating confidence in its growth potential.

In Q1 FY26, revenue expanded by 29% year-on-year to ₹43.1 crore, with net profit soaring 2,200% to ₹2.3 crore, primarily driven by exports and margins. Currently, the stock trades at approximately ₹450-460 with a forward P/E ratio of 25-30x.

Agrawal’s acquisition, a successful rights issue, and the company’s expansion plans (targeting a capacity of 50-60 million units) have raised expectations for a revenue CAGR of 20-30%. However, regulatory hurdles and competition remain potential risks.

MCXBULLDEX options are launching today, October 27, 2025.

Segment: OPTIDX

Symbol: MCXBULLDEX

Lot Size: 30

Number of strikes: 71 (35+1+35)

Strike intervals: ₹100

Tick size: ₹0.05 (5 paise)

Tick value: ₹1.5

P&L per 1 point: ₹30.

Expiry: Monthly

Expiry day: Contracts expire one business day prior to the start of the rollover period. If there’s no rollover during a calendar month, the contract will expire on the last Wednesday of the month. If the last Wednesday is a holiday, it will expire on the preceding working day.

Examples include expiry dates such as 26-Nov-2025, 31-Dec-2026, and 27-Jan-2027.

Final Settlement: Cash settlement based on the volume-weighted average price of underlying gold and silver between 4:00 PM and 5:00 PM.

On expiry day, trading in expiring contracts will be allowed until 5:00 PM.

Traders can engage in MCX BULLDEX options alongside BULLDEX futures and GOLD and SILVER Futures and Options for managing domestic and global bullion price volatility.

Market snapshot: Indian equity indices experienced consolidation throughout the week, coinciding with festive periods and ensuing profit-taking from annual peak levels.

Indices Performance: The Nifty 50 Index ended the week with a gain of 0.33%, while the Nifty Bank index performed in line, recording a marginal loss of 0.02%.

Fund-flow Activities: For the week, Foreign Institutional Investors purchased shares valued at ₹342.7 crore, while Domestic Institutional Investors acquired shares worth ₹5,945.3 crore in the cash segment.

Macro Data: Market participants will focus on upcoming monetary policy announcements from the Federal Reserve, Bank of Japan, European Central Bank, and China’s manufacturing PMI.

Market Outlook: In the coming week, Indian equities will concentrate on the outcomes of major economies’ monetary policies and quarterly earnings from leading companies.

Reliance Industries has announced the establishment of a joint venture, Reliance Enterprise Intelligence Limited (REIL), in collaboration with Facebook, comprising a 70:30 partnership, which entails an initial commitment of ₹855 crore toward the artificial intelligence sector.

Kotak Bank’s Q2 performance reported a net interest income (NII) at ₹7,311 crore, compared to the poll estimate of ₹7,294 crore. The net profit for Q2 stood at ₹3,253 crore, slightly below the estimate of ₹3,272 crore. The gross non-performing asset (NPA) ratio improved to 1.39% from 1.48% quarter-over-quarter.

The net NPA ratio was at 0.32%, an improvement from 0.34% in the previous quarter. The net interest margin (NIM) reported at 4.54% was marginally lower than the poll estimate of 4.56%.

(These broader numbers align with lower estimates.)

• ICICI Prudential AMC IPO (Parent: ICICI Bank Ltd)
• Bharat Cocking Coal IPO (Parent: Coal India Ltd)
• Greaves Electric Mobility IPO (Parent: Greaves Cotton Ltd)
• Central Mine P&D Institute IPO (Parent: Coal India Ltd)
• Hero FinCorp IPO (Parent: Hero MotoCorp Ltd)

eClerx Services approved a ₹300 crore share buyback on October 24, 2025, aimed at repurchasing up to 6.6 lakh shares at ₹4,500 each, representing approximately 1.3% of total shares, through a tender offer. Promoters will not participate in the buyback. This buyback occurs at a 5-6% premium over the current market price (~₹4,274), following robust Q2 FY26 results demonstrating a revenue growth of 22.6% and a net profit increase of 30.6%. Details regarding the record date and tendering await shareholder approvals.

Week-to-date (WTD) index performance shows the Nifty Smallcap 250 increased by 0.84%, while the Nifty Midcap 150 saw a rise of 0.50%, and the Nifty 50 Index concluded the week with a gain of 0.34%. In terms of Foreign Institutional Investor (FII) flows, the Nifty Index rose 1.2% week-on-week, compared to a 0.2% increase in the MSCI Emerging Markets Index. Meanwhile, the Indian Rupee appreciated by 0.14% against the U.S. dollar, reaching ₹87.85/USD, and the 10-year government security yield decreased by 0.4 basis points to 7.1%. Gold dropped by 1.7%, priced at $4,119 per ounce.

Sector Highlights: Pharma was the top-performing sector, increasing by 1.7%, followed closely by FMCG at 1.6%. Metals, however, were the only sector that recorded a decline, dropping by 0.4%.

Volume Breakouts included IDFC First Bank at 3.1x with an 8.8% rise, Bank of India at 2x also up by 8.8%, and Dixon Technologies at 2.1x, showing a 7.2% decline. Other significant movements were observed in Muthoot Finance and other prominent companies.

Insider buying activity was notable in companies such as D.B. Corp, Thyrocare Technologies, and Chembond Chemicals among others.

As of October 24, 2025, turnover data shows a combined cash volume of ₹95,966.52 crore (₹89,132.4 crore from NSE and ₹6,834.12 crore from BSE). The total volume on Futures and Options (F&O) reached ₹4,092,853.6 crore. The net buying figures indicate Foreign Institutional Investors (FIIs) were net buyers of ₹621.51 crore, while Domestic Institutional Investors (DIIs) registered a net buy amounting to ₹173.13 crore.

SBI Cards reported a Q2 net profit of ₹440 crore, slightly exceeding the year-ago figure of ₹400 crore against an expected estimate of ₹593 crore. Revenue for the quarter stood at ₹4,960 crore, reflecting growth from ₹4,420 crore year-on-year. The EBITDA stood at ₹1,220 crore compared to ₹1,250 crore the previous year, and the EBITDA margin was at 24.57%, down from 28.23% year-on-year. However, the bank’s asset quality showed improvement with gross non-performing assets (GNPA) at 2.85%, compared to 3.07% in the previous quarter.

The U.S. Consumer Price Index (CPI) for the month reported a monthly increase of 0.3%, slightly below the 0.4% forecast and consistent with the previous month’s figure of 0.4%. This data is anticipated to exert negative pressure on the U.S. dollar.

Dr. Reddy’s reported Q2 revenue of ₹8,828 crore, surpassing the consensus estimate of ₹8,595 crore. EBITDA was ₹2,351 crore, exceeding expectations of ₹2,208 crore, with an EBITDA margin of 26.7%, better than the estimated 25.7%. The net profit was reported at ₹1,347 crore, also aligning with market predictions of ₹1,344 crore, indicating a consistent operational performance.

Cigniti Technologies reported a net profit of ₹82.6 crore for Q2, a rise from ₹65.9 crore quarter-over-quarter. The EBIT margin improved to 17.57%, up from 16.55% in the previous quarter, indicating a positive operational performance.

ITC Hotels reported a Q2 net profit of ₹133 crore, up from ₹76 crore year-on-year. The Q2 EBITDA margin improved to 29.7% compared to 27.8% the previous year, indicating a positive trend in operational efficiency.

The UK S&P Global Services PMI for October came in at 51.1, slightly above expectations of 51.0 and the previous month’s figure of 50.8, indicating better-than-expected performance for the British pound.

Shanthi Gears reported a Q2 EBITDA of ₹26.5 crore, down from ₹34.1 crore year-on-year, with the EBITDA margin shrinking to 2.1% compared to 22.03% in the previous year, reflecting underperformance against expectations.