The Indian stock market is expected to open lower on Thursday, with Gift Nifty trading down 18 points, or 0.08%, at 22,604.50 at around 7:30 a.m. Investors will track second-quarter earnings from several companies, alongside developments related to initial public offerings, divestment, regulatory updates and expansion plans.
Shares of Reliance Industries, Tata Technologies, IDBI Bank, Dr. Reddy’s Laboratories and Hyundai Motor India are among those likely to remain in focus during the trading session.
Gift Nifty was trading 18 points, or 0.08%, lower at 22,604.50 at around 7:30 a.m., indicating a potentially weaker opening for the Indian equity market. However, its movement does not guarantee the direction of the market throughout the trading session.
According to technical analysts, the market would need to consistently form higher highs and higher lows on weekly charts for signs of a sustained recovery to emerge following the decline over the previous two months. Reclaiming the 23,100 level is also considered important, as it is associated with a support zone that was breached during the recent decline.
Companies scheduled to announce their second-quarter financial results on Thursday include HDFC Life Insurance, Jio Financial Services, Nestlé India, Tech Mahindra, Wipro, HDFC Asset Management Company, 360 ONE WAM, Angel One, Army Infotech, Cyient DLM, IIFL Finance, Indian Bank, Shree Lotus Developers and Realty, L&T Finance, Persistent Systems, Polycab India, South Indian Bank, Sterling and Wilson Renewable Energy, Tata Communications and UCO Bank.
Investors will monitor figures relating to revenue, profit, operating margins and business forecasts. Performance above or below expectations could lead to movements in the respective stocks.
ICICI Lombard General Insurance reported a 15.47% increase in profit to Rs 946.4 crore, compared with Rs 819.54 crore in the corresponding period. Net premium income rose 17.7% to Rs 6,651.87 crore.
HDB Financial Services reported a 34.2% increase in profit to Rs 780.2 crore. Net interest income grew 15.6% to Rs 2,533.7 crore.
Bajaj Consumer Care reported a 65.9% increase in profit to Rs 70.2 crore, while revenue rose 25.5% to Rs 332.8 crore.
Tata Technologies reported a 3.6% increase in profit to Rs 171.44 crore. Revenue grew 28.4% to Rs 1,698.8 crore.
CEAT reported a 39.8% decline in profit to Rs 112 crore, while revenue increased 26.2% to Rs 4,762 crore.
The proposed Rs 30,187.6 crore initial public offering of Jio Platforms, a subsidiary of Reliance Industries, is in focus. According to the available information, the issue is scheduled to open on October 21 and close on October 23.
The price band has been set at Rs 1,065 to Rs 1,119 per share. The IPO includes a fresh issue of 27 crore equity shares. Investors will track the official offer documents and subsequent developments related to the proposed offering.
According to the available information, a Canadian party backed by Fairfax Financial Holdings has received approval for the proposed acquisition of the bank. The government and Life Insurance Corporation of India (LIC) plan to sell their combined 60.72% stake for Rs 52,878 crore. The transaction process and the status of the required approvals remain key developments.
The US Food and Drug Administration (USFDA) conducted a pre-approval inspection at the company’s FTO-9 manufacturing facility in Visakhapatnam on October 8 and 9, 2026. The Form 483 issued following the inspection listed three observations. The company’s response and the subsequent regulatory process will remain in focus.
The company has announced capital expenditure of Rs 202 crore for capacity expansion. The investment is expected to affect production capacity and future business operations.
The Himachal Pradesh High Court quashed a show-cause notice issued to the company and disposed of its writ petition.
Hyundai Motor India has inaugurated its manufacturing unit in Talegaon, Maharashtra. The company plans to invest Rs 11,000 crore in the facility in multiple phases.
