Global sentiment has improved significantly after confirmation of a Trump-Xi meeting eased US-China trade war fears, while US markets rallied overnight with tech stocks leading gains.
What's different today?: Global sentiment has improved significantly after confirmation of a Trump-Xi meeting eased US-China trade war fears, while US markets rallied overnight with tech stocks leading gains.
Sectoral ripple effects: Capital continues flowing toward companies with strong user bases and scalable unit economics, particularly in fintech, consumer innovation, and digital-first growth models.
Syrma SGS: Acquiring KSolare Energy for ₹170 crore through agreement with Premier Energies.
This research is for information and education only and is not investment advice. Figures may be provisional. Oorjita.AI and its authors may hold positions in securities mentioned. Please consult a SEBI-registered investment adviser before making investment decisions. Published Friday, 24 October 2025, 8:07 AM IST.
All four layers aligned bearish. A/D = capitulation breadth.
Morning's Bear call was directionally validated, but the intraday recovery depth was underestimated. The market found its panic floor exactly where the morning brief mapped it — and then bounced.
Despite flat index performance, more stocks declined (1672) than advanced (1494), indicating weak internal market strength. This suggests the market move was concentrated in a few heavyweight stocks.
Actionable investor takeaway: While direct semiconductor manufacturing stocks are limited (most projects are private/JVs), investors can gain exposure through ancillary sectors—specialty chemicals, industrial automation, precision engineering, and…
Indian markets extended their winning streak to six consecutive sessions on Thursday, though benchmarks pared early gains to close nearly flat amid selective profit-booking. The Sensex scaled a fresh 52-week high of 85,290 intraday before settling at 84,556.40, up 130 points, while Nifty touched 26,104 before closing at 25,891.40. GIFT Nifty futures indicate a positive start today, trading at 26,011.50, up 51.50 points as of 2:44 AM IST.
Infosys shares surged approximately 4% on Thursday after the company's promoter group, including co-founders Narayana Murthy and Nandan Nilekani, announced they will not participate in the ₹18,000 crore share buyback program. The decision, communicated via letters dated mid-September 2025, is being interpreted by market participants as a strong signal of management's confidence in long-term growth prospects. The buyback, India's largest by Infosys, will repurchase up to 10 crore shares at ₹1,800 per share under the tender route.
This development propelled the entire IT sector, with the Nifty IT index closing 2.21% higher. HCL Technologies and TCS gained over 2% each, buoyed by renewed optimism around a potential India-US trade agreement that could benefit IT services exports. Analysts at SMC Global Securities expect a low acceptance ratio of 6-20% for retail shareholders due to heavy subscription anticipated in the buyback.
India's semiconductor ambitions took a significant leap forward as Minister of State for Electronics and IT Jitin Prasada confirmed the first 'Made in India' packaged chip is expected by December 2025. The government has approved 10 manufacturing projects across six states under the ₹76,000 crore Semicon India program, potentially creating 29,000 jobs. The allocated budget includes ₹629 billion (97% of earmarked funds) committed to chip production, ₹100 billion for modernizing the Semiconductor Laboratory in Mohali, and ₹10 billion for design-linked incentives.
Indian startups raised ₹2,045 crore across 24 deals during October 10-16, 2025, with the top five transactions accounting for nearly 80% of total funding. This reflects continued investor preference for late-stage and growth-stage investments despite global volatility.
The primary market is in the spotlight with the stock market debut of Midwest Limited. The quartz processing company's IPO was met with robust investor demand, seeing an oversubscription of 87.9 times, driven by strong interest from institutional and non-institutional investors. The issue price was set at ₹1,065 per share. Grey market trends suggest a potential listing premium of around 10%.
Sectoral ripple effects: Capital continues flowing toward companies with strong user bases and scalable unit economics, particularly in fintech, consumer innovation, and digital-first growth models.
Gainers: Nifty IT index led with a 2.21% surge, followed by Private Bank index (+0.5%), Media, and FMCG sectors posting modest gains. Banking momentum remained strong with Bank Nifty closing at 58,314.55, advancing toward the psychological 59,000 mark.
Decliners: Oil & Gas index dropped 0.6% on profit-booking in Reliance Industries, ONGC, and oil marketing companies. Healthcare and Pharma sectors witnessed selling pressure as investors rotated into cyclicals.
Top Gainers (Sensex): Infosys (+4%), HCL Technologies (+2.5%), TCS (+2.2%), Axis Bank (+2.5%), Kotak Mahindra Bank (+1.5%), Titan (+1.2%)
Top Losers (Sensex): Eicher Motors (-3%), IndiGo (InterGlobe Aviation) (-2.5%), Bharti Airtel (-1.5%), Ultratech Cement (-1.2%), ICICI Bank (-1%), Reliance Industries (-1.5%)
Wall Street closed higher on Thursday with the S&P 500 gaining 0.6%, Dow Jones Industrial Average up 144 points (+0.3%), and Nasdaq Composite leading with a 0.9% advance. The rally was driven by inflows into technology stocks and improved sentiment following White House confirmation of a Trump-Xi meeting next week, easing bilateral trade tensions.
Major tech stocks led the charge: Nvidia, Oracle, Amazon (+1.4%), Alphabet (+0.55-0.79%), and Tesla (+2.29%) posted solid gains. However, IBM slumped on disappointing quarterly results.
Crude oil surged 5% after the US sanctioned Russia's two largest oil producers, raising concerns about global supply disruptions. This pushed Brent crude higher and contributed to a 4.51% jump in domestic crude prices to ₹5,414 per barrel.
Asian equities showed mixed performance overnight, with concerns over potential US software export curbs to China weighing on tech sentiment. Hong Kong's Chinese shares declined 0.4%, while Japan's Nikkei fell 1.5% on Thursday. However, Friday's Asian session is expected to open higher on the Trump-Xi meeting news.
Currency & Commodities: INR traded in the 87.67-88.06 range against the USD. Gold prices climbed to $4,142.1 per troy ounce, up 1.02%, continuing their strong October rally (+10.21% month-to-date).
Two subtle but significant digital trends are reshaping consumer behavior globally.
India's journey toward semiconductor self-reliance is accelerating with tangible milestones on the horizon. The announcement that the first domestically produced chip will roll out by December 2025 marks a watershed moment for a nation that imports nearly $25-30 billion worth of semiconductors annually.
The ₹76,000 crore Semicon India Mission has catalyzed 10 approved projects spanning high-volume fabrication units (fabs), 3D heterogeneous packaging, compound semiconductors (silicon carbide), and outsourced semiconductor assembly and testing (OSAT) facilities. Electronics and IT Secretary S. Krishnan confirmed that 97% of the earmarked funds (₹629 billion) have been committed, signaling aggressive execution.
The domestic market, valued at around $38 billion in 2023, is projected to reach $45–$50 billion by the end of 2025 and over $100 billion by 2030.
India's push comes amid global semiconductor supply chain realignment, with nations seeking to reduce dependence on Taiwan and China. While India enters late compared to Taiwan, South Korea, and China, its advantages include a large domestic electronics market (world's second-largest smartphone market), strong design talent pool (over 20% of global chip design talent based in India), and government incentive structures.
The manufacturing push aims to capture 10-15% of the global semiconductor market by 2030, focusing initially on mature nodes (28nm-65nm) before advancing to cutting-edge technologies. The government has empowered over 280 academic institutions with advanced design tools to build a skilled workforce. The upcoming Semicon India 2025 event in New Delhi is expected to further showcase India's growing capabilities and attract global partners.
Beneficiaries: Electronics manufacturing companies (Dixon Technologies, Amber Enterprises), EMS players supplying to fabs, specialty chemical manufacturers, and industrial real estate developers in semiconductor zones across Gujarat, Assam, Bihar, Tamil Nadu, Karnataka, and Telangana.
Actionable investor takeaway: While direct semiconductor manufacturing stocks are limited (most projects are private/JVs), investors can gain exposure through ancillary sectors—specialty chemicals, industrial automation, precision engineering, and electronics manufacturing services. Monitor fab progress quarterly; commercial production timelines will be critical catalysts for related stocks.
Twenty-one companies report Q2 FY25-26 results today, headlined by :[16][1]
No major economic data releases scheduled for today in India. Market participants will track FII/DII flow data after $17.3 billion net FPI equity withdrawals during January-September 2025.
US September Consumer Price Index (CPI) data awaited Friday evening (IST), which could influence Fed policy expectations and global risk sentiment.
"The promoters' decision to stay out of the Infosys buyback is a strong signal of trust in the company's long-term growth potential."
— Seema Srivastava, Analyst, SMC Global Securities (October 22, 2025)
This newsletter is for informational purposes only and does not constitute investment advice. Market data is sourced from multiple verified platforms and cross-validated as per our editorial standards. Investors should conduct independent research and consult financial advisors before making investment decisions. Oorjita FinAI Services is not liable for any investment decisions based on this content. Markets are subject to volatility and past performance does not guarantee future results.
