Tata Consultancy Services Ltd. reported a 5.4% fall in net profit for the second quarter, due to exceptional restructuring expenses, while revenue advanced sequentially. The consolidated bottom-line for the quarter ended September fell to Rs 12,075 crore from Rs 12,760 crore in the preceding quarter. Bloomberg had estimated the profit at Rs 12,568 crore. THis is due to the company recording an exceptional charges of Rs 1,135 crore, incurred as restructuring expenses. excluding the the exceptional charges, the profit stood at Rs 13,210 crore.
TCS Q2 profit slips 5% on exceptional restructuring charges; margin expands- Daily Market Update 10th Oct 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.08% to 0.52%.
- European equity markets ended on a flat to negative note.
- Majority of Asian equity markets are trading with a negative bias.
- GIFT Nifty is little changed, Nifty futures likely to open around 25250 levels.
Benchmark Nifty index ended higher at 25182 spot levels after adding 136 points to its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices gained 1% & 0.61% respectively.
All sectoral indices, tracked at NSE, ended in green. Amongst them, Metal index was at the top of the tally, rose over 2% followed by IT, Health Care and Pharma index that rose over 1% each.
Put writing during during the session turned sentiments fairly balanced. Going ahead, we continue to uphold our cautiously bullish stance on Nifty index till it is holding above 24900 spot levels on closing basis. Cross and sustenance above 25250 spot levels will push it towards 25400 spot levels in immediate near term.
Derivatives Overview & Outlook
Yesterday, Banknifty and Finnifty futures added around 1.3% and 13% of open interest respectively as long buildup, whereas some short covering was seen among Nifty and Midcapnifty as they shed 1% and 1.4% of open interest respectively.
All F&O sectors settled on a higher note. Amongst them, Metals and Technology stocks witnessed maximum addition of long positions along with some short covering among Auto, Banking and Infrastructure stocks.
On option front, call unwinding along with some put addition was seen at multiple strikes. Maximum positions are at 25000 PE followed by 25100 PE and maximum call positions are at 26000 CE followed by 25500.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 1308 Cr in the cash segment, bought stocks futures worth Rs 1453 Cr also bought index futures worth Rs 545 Cr. DIIs were net buyers in the cash segment to the tune of Rs 864 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25350-25450; Supports 25150-25020
Banknifty – Resistances 56800-57100; Supports 56000-55800
Finnifty – Resistances 26900-27000; Supports 26670-26500
F&O Security in Ban Today: RBLBANK
Disclosure
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