🌅 Market Setup – 16th October 2025

Indian equities look set for a steady start after a strong session yesterday, with Nifty closing above 25,300 and GIFT Nifty indicating a 40-point positive open. Global Cues Wall Street ended higher overnight – S&P 500 up 0.4%, Nasdaq up 0.66%, supported by strong tech earnings and softer US yields. Oil prices slipped to 4-month lows near $62, offering relief on the inflation front, while Gold extended its record run to $4,250 amid safe-haven demand. Political focus intensified after Donald Trump said PM Modi assured he won’t buy oil from Russia, signaling geopolitical alignment. Flows & Derivatives In the cash market, FIIs bought ₹68 Cr, while DIIs were strong buyers at ₹4,650 Cr, indicating sustained domestic support. In F&O, FIIs bought ₹1,008 Cr in index futures, covering over 3,100 short contracts. Despite that, their positioning remains cautious with only 8% longs. Options data indicates a range of 25,250–25,500 for Nifty. Stocks in Focus

: PAT impacted by a one-off item; stock may stay under pressure. : Out of F&O ban; board meets Oct 18 to consider fund raise via private placement. MRPL: Reports turnaround with margin at 6.5% vs 3.5%, posting profit vs loss QoQ. KEI Industries: Cables & wires revenue up 23% YoY; strong Q2 momentum. KEC International: Wins ₹1,038 Cr international T&D order, boosting order book visibility. Quick Heal: Revenue up 46% QoQ, turns EBITDA positive. Oberoi Realty: Q2 sales volume down 21% QoQ, margin pressure visible. Delta Corp: EBITDA down 18% YoY, margin at 21.8% vs 26.6%, signaling operational weakness. Key Earnings Today Nestle India, Eternal, and LTI Mindtree to announce results — likely to drive action in FMCG and IT space.