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As Sanae Takaichi’s almost probable promotion to Japan’s premiership enhances the possibility of slower interest-rate hikes, a once-popular currency strategy that involves betting against the yen appears poised to return.

As investors bet that Takaichi’s pro-stimulus attitude would cause the Bank of Japan’s policy tightening to go more slowly, Japan’s currency fell versus all of its major rivals on Monday.

Aug TRAI Data

LTIMindtree Ltd shares are in focus on Tuesday following the announcement of a multi-year agreement with a leading global media and entertainment company. The name of the media firm has not been disclosed.

Under the agreement, LTIMindtree will support the client’s digital transformation, helping streamline operations, modernise delivery models, and implement automation, process optimisation, and consolidation to enhance efficiency and service quality.

The company described this as its largest strategic deal to date, highlighting its growing footprint in the global media and digital services sector.

Morgan Stanley On Bank Of India

Macquarie has maintained an Outperform rating on Delhivery, with a target price of ₹540 per share, citing strong operational performance.

The company handled 104 million shipments in September 2025, reflecting robust volume growth. Despite the surge, 17% of shipments were delivered within 24 hours and 35% within 48 hours. Peak daily volumes reached 6.2 million, well above the forecasted 2.4–2.5 million per day.

Delhivery’s monthly run rate increased from around 70 million in Q1FY26 to 104 million in September, and its market share likely rose from 35% to 45% following the Ecom Express consolidation, strengthening its position in the logistics sector.

Citi On HDFC AMC

TRADE SET UP

PM Modi is expected to attend the GFF on the 9th

Zydus Lifesciences Ltd announced that it has received a Notice of Compliance (NOC) from Health Canada for its generic Liothyronine tablets in 5 mcg and 25 mcg strengths.

Liothyronine, a synthetic thyroid hormone (T3), is primarily prescribed for hypothyroidism. The tablets will be manufactured at Zydus’ Ahmedabad SEZ facility.

According to IQVIA MAT data for June 2025, the product had annual sales of 10.9 million Canadian dollars in Canada. With this approval, Zydus and its subsidiaries can now market the drug in Canada, further expanding their North American generics footprint.

Learn more here

ICICI Securities has upgraded Kalyan Jewellers India Ltd from “Add” to “Buy”, citing the stock’s potential to rise by up to 50%, while maintaining a price target of ₹670 per share.

The brokerage highlighted that a 35% correction in the stock last year provides a margin of safety, supporting the upgrade.

ICICI Securities has maintained its earnings estimates and expects the company to deliver strong same-store sales growth (SSSG) in FY26, driven by festive and wedding-led demand.

Goldman Sachs On Jubilant Food

Morgan Stanley on Trent continues to hold an overweight rating with a target price of ₹6,359 per share. The company reported Q2 standalone revenue growth of 17%.

However, standalone margins are expected to rise by 165 basis points year-on-year to 17.5% in Q2, reflecting gains in operational efficiency.

MS On Jubilant Food

Investec has maintained a Sell rating on IndiGo with a target of ₹4,050 per share, citing expectations of another weak quarter. The brokerage estimates a profit before tax (PBT) loss of ₹1,000 crore in Q2, with slower capacity growth likely to keep profitability under pressure.

While modest yield gains and lower fuel costs may provide partial relief, H1 EPS is estimated at ₹28 per share, requiring the company to deliver ₹193 per share in H2 to meet FY26 expectations. Despite a 20% YoY EPS decline in Q1, consensus cuts have been minimal, but Investec anticipates sharper downward revisions post-Q2.

With index inclusion behind, the stock is expected to realign with earnings fundamentals.

Aster DM Healthcare Ltd announced that it has received No Objection letters with no adverse observations from both BSE and the National Stock Exchange (NSE) regarding its proposed merger with Quality Care India Ltd.

The merger, previously approved by the boards of both companies, aims to combine Quality Care India (Transferor Company) with Aster DM Healthcare (Transferee Company) under Sections 230–232 of the Companies Act, 2013.

The scheme remains subject to further regulatory, statutory, shareholder, and creditor approvals, as required under applicable laws.

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Dilip Buildcon Ltd announced that its joint venture, DBL-APMPL (DBL 74%, APMPL 26%), has received a Letter of Acceptance (LOA) to develop a 100 MW grid-connected ground-mounted solar photovoltaic (PV) project under captive mode.

The project has been awarded by the Madhya Pradesh Jal Nigam (MPJNM) and will supply power to the agency for 25 years from the commissioning date. It will be executed over a 24-month construction period and will use non-DCR panels to supply power at ₹2.09 per unit.

The solar project is domestic in nature and will be implemented under a general contract structure, marking another step in Dilip Buildcon’s expansion into renewable energy infrastructure.

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Japanese equities continued their upward momentum on Tuesday, with the Nikkei index rising 1% at the open to a new all-time high, following a 4.8% surge on Monday. The rally came after the election of a pro-stimulus leader, boosting investor sentiment.

On Wall Street, US stocks closed at record highs, driven by strong gains in chipmakers after Advanced Micro Devices’ (AMD) blockbuster deal with OpenAI.

Meanwhile, the yen remained under pressure, holding its biggest drop in nearly five months ahead of the government bond auction, while gold prices moved closer to the $4,000 per ounce mark.

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Following OPEC+’s agreed on a slight increase in the supply limit, oil steadied following a two-day gain. Traders were also interpreting signals from lower-than-expected Saudi pricing.

Following a 1.5% rise on Monday, Brent crude was trading above $65 per barrel, with West Texas Intermediate trading close to $62.

GIFT Nifty trading with a discount of over 30 points from Nifty Futures’ Monday close. Indicates a start in the red for the Indian market.

Flipkart Investments Pvt Ltd has sold a 6% stake in Aditya Birla Lifestyle Brands Ltd for about ₹998 crore through a block deal on the exchanges, according to exchange data.

The shares were sold at an average price of ₹136.45 per share, reflecting a 7% discount to the stock’s previous closing price.

The deal, which confirms a CNBC-TV18 newsbreak on Sunday, witnessed strong participation from domestic institutional investors.

Read the full story here

Prestige Estates Projects Ltd announced that its subsidiary, Prestige Mulund Realty Private Limited, has received a ₹153.6 crore show cause notice from the Directorate General of Goods & Services Tax Intelligence (DGGI), Mumbai.

The notice, issued under the CGST, SGST, and IGST Acts of 2017, alleges non-payment or short-payment of GST by the subsidiary.

On Monday, October 6, Advanced Micro Devices Inc. (AMD) shares increased 24% following the company’s announcement of a multibillion-dollar agreement with Sam Altman’s OpenAI.

With the addition of $63 billion, AMD’s market capitalisation now stands at $330 billion, surpassing companies like Coca-Cola, General Electric, and Chevron. The stock had risen as high as 37% during early trade.

Subscriptions for LG Electronics India’s ₹11,607 crore IPO begin on Tuesday, October 7. After HDB Financial’s ₹12,500 crore IPO earlier this year and Tata Capital’s ₹15,500 crore issuance, which is still available, this will be the third-largest Indian IPO of 2025.

Here are the key stocks to watch in Today’s trade — LTIMindtree, Brigade Enterprises, Bharti Airtel, Vodafone Idea, Dilip Buildcon, HCLTech, Zydus Lifesciences, Metropolis Healthcare, and Bank of India.

These counters are likely to remain in focus based on recent news flow, earnings updates, and market activity.

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The week gets off to a good start, with a proper, trending move rather than a 40–50 point increase. To begin the new week, the Nifty bulls could not have asked for more.

Given that two sizable IPOs will go on sale this week and two more will launch on Thursday, the move also goes against the notion that an enthusiastic IPO market may depress some market sentiment.

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