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News from October 7, 2025

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Nifty surges past 25,100 mark amid mixed global cues; Banking, Telecom lead gains
Technology

Nifty surges past 25,100 mark amid mixed global cues; Banking, Telecom lead gains

Markets extended their winning streak for the fourth consecutive session on Tuesday, with the Nifty 50 closing at 25,108.30, up 30.65 points or 0.12 per cent, while the Sensex settled at 81,926.75, gaining 136.63 points or 0.17 per cent. The rally came despite intraday volatility and profit booking at higher levels, as investors tracked the upcoming quarterly earnings season and global developments. The Nifty opened at 25,085.30 against its previous close of 25,077.65 and touched an intraday high of 25,220.90 before witnessing selling pressure. The Sensex opened at 81,883.95 compared to its previous close of 81,790.12. However, the benchmark indices managed to hold their gains, supported by strong buying in financial services, telecom, and oil & gas stocks. Jio Financial Services emerged as the top gainer on the Nifty 50, surging 1.42 per cent to close at ₹310.60 from its previous close of ₹306.25. Bharti Airtel climbed 1.35 per cent to ₹1,928.80 from ₹1,903.10, while HCL Technologies advanced 1.26 per cent to settle at ₹1,435.50 against ₹1,417.70. Bajaj Auto gained 1.23 per cent to close at ₹8,900 from ₹8,792, and Eicher Motors rose 1.13 per cent to ₹6,957.50 from ₹6,880. On the losing side, Axis Bank witnessed the steepest fall, declining 2.04 per cent to ₹1,188 from its previous close of ₹1,212.80. Tata Motors also fell 2.04 per cent to close at ₹698.10 from ₹712.65. Trent dropped 1.93 per cent to ₹4,685 from ₹4,777.30, while Tata Consumer Products slipped 1.59 per cent to ₹1,123.90 from ₹1,142.10. Hindalco ended 1.25 per cent lower at ₹767 against its previous close of ₹776.70. Sectoral indices showed mixed performance. Nifty Realty, Oil & Gas, Pharma, Energy, Telecom, and Consumer Durables outperformed, gaining between 0.3 per cent and 2 per cent. The Nifty Financial Services index rose 0.24 per cent to 26,777.30, adding 65.25 points, while Bank Nifty climbed 0.24 per cent to 56,239.35, up 134.50 points. However, Media, FMCG, and Consumer Goods sectors witnessed selling pressure. The broader market outperformed the benchmark indices. The Nifty Midcap 100 surged 0.47 per cent to close at 58,289.40, gaining 274.30 points, while the Nifty Smallcap 100 advanced 0.31 per cent. The Nifty Next 50 ended at 68,671.20, up 80.95 points or 0.12 per cent. Out of 4,322 stocks traded, 175 hit their 52-week highs and 130 touched 52-week lows. Five stocks hit the lower circuit, while none reached the upper circuit. Abhinav Tiwari, Research Analyst at Bonanza, said, “Indian equities closed higher today, continuing their recent uptrend despite noticeable intraday volatility, with the Nifty 50 finishing around the 25,108 mark and the Sensex gaining over 137 points and closing near 81,926 levels. This volatility reflected the ongoing tussle between positive domestic factors and cautious investor sentiment ahead of the quarterly earnings season.” Nilesh Jain, Head of Technical and Derivatives Research Analyst at Centrum Broking, noted, “The markets maintained their upward momentum for the fourth consecutive session, despite intermittent volatility. The Nifty index climbed to an intraday high of 25,220, encountered some profit booking, but still managed to settle above the 25,100 mark.” Ponmudi R, CEO of Enrich Money, said, “Indian markets opened on a positive note but lost momentum later in the day after the World Bank projected India’s GDP growth for the current financial year at 6.5 per cent, below the Reserve Bank of India’s 6.8 per cent estimate. The downgrade was attributed to higher-than-expected U.S. tariffs on Indian exports.” Forex value On the currency front, the rupee traded slightly higher by 0.06 paise at 88.74 against the US dollar. Jateen Trivedi, VP Research Analyst at LKP Securities, said, “Rupee traded slightly higher by 0.06rs at 88.74, witnessing limited volatility as FII selling eased and crude prices remained soft. However, the rupee continues to hover near lower zones, keeping concerns of further weakness alive, possibly toward 90 levels if sentiment worsens.” Commodities market In commodities, gold traded volatile near $3,958. Trivedi added, “Gold traded volatile near $3,958, swinging between $3,980 and $3,940, as traders brace for a heavy data week in the U.S., including the Fed’s meeting minutes, Chair Powell’s speech, and key releases such as unemployment and nonfarm payrolls data. In the domestic market, MCX gold is expected to trade within a broader range of ₹1,18,500–₹1,21,500.” Looking ahead, analysts expect the market to remain range-bound with stock-specific action. Vatsal Bhuva, Technical Analyst at LKP Securities, said, “After three consecutive confident closings, Nifty faced selling pressure near its resistance zone of 25200–25250 on Tuesday’s session, indicating that bulls might take a pause, leading to a possible short-term consolidation. However, as long as the index sustains above 24900 levels, where its 50-day EMA is placed, the outlook remains positive.” Published on October 7, 2025

Anupama Ghosh
Start Early, Stay Consistent. Why SIPs work for investors?
Technology

Start Early, Stay Consistent. Why SIPs work for investors?

When it comes to investing, many individuals hesitate, waiting for the “perfect time” for making investments. The truth is that there is no perfect time for one to invest; in fact, the sooner one starts, the better. But then the question of not having a lot of money to begin with perplexes investors. This is where investments through a SIP route may help. A Systematic Investment Plan (SIP) allows investors to put aside a fixed amount at regular intervals, bringing both discipline and structure to their financial journey. The strength of SIPs lies in their simplicity. By investing regularly, one benefits from the power of compounding. Even modest contributions, when allowed to grow over time, can build a meaningful corpus. Starting early gives investments more years to potentially grow, highlighting why time in the market often matters more than timing the market. SIPs also help in averaging the cost of procurement of units, often referred to as Rupee Cost Averaging. Since investments are made consistently, investors purchase more units when markets are low and fewer when markets are high, balancing out the cost in the long run. This reduces the stress of tracking short-term volatility and helps maintain focus on long-term goals. Perhaps most importantly, SIPs help inculcate financial discipline. Treating an SIP as a regular expense ensures that savings are channelled towards investment before discretionary spending. Over time, this habit builds resilience and helps align investments with life goals. For investors, the message is simple: start with what you can, stay consistent, and remain patient. SIPs are not about quick results but about building a steady path towards financial goals. SIP (Systematic Investment Plan) facility is generally available in Daily, Monthly & Quarterly frequency. Disclaimer: Mutual Fund investors need to complete the Know Your Customer (KYC) process, which can be done by submitting completed KYC Form along with the required documents at any AMC’s branch Office or Official Points of Acceptance. Please refer https://www.licmf.com/kyc-redressal to know about KYC documentary requirement, procedure for change of address, phone number, bank details etc. The investors are cautioned to invest only with SEBI registered Mutual Funds, the details of which can be verified on SEBI’s website under ‘Intermediaries / Market Infrastructure Institutions’ (https://www.sebi.gov.in/intermediaries.html.) For any complaints and grievance redressal, investors can contact the Investor Relations Officer of the respective AMC and if not satisfied with the resolution given by the AMC, he/she can approach SEBI by registering the complaint on SEBI SCORES Portal (https://scores.sebi.gov.in/) and/or escalate the complaint through Online Dispute Resolution Portal (https://smartodr.in/login). MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. “This article is part of the sponsored content programme.” Published on October 7, 2025

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Crypto trader turns $5,700 into $1.6 million in 2 days
Technology

Crypto trader turns $5,700 into $1.6 million in 2 days

A cryptocurrency trader has pulled off one of the most eye-catching wins of the week, turning a $5,756 bet into more than $1.6 million in just two days, a return of nearly 280x. On October 5, the wallet 0x8844c242cf3d0716f489579a5a968901b9e9ebb6 withdrew 5 BNB ($5,756) from Binance and swapped it on OKX DEX for 11.15 billion units of 币安人生, according to blockchain data reviewed by Finbold from Lookonchain. That speculative trade has since ballooned in value. As of October 7, the position is now worth $1.61 million, reflecting a monstrous +133,060% gain in less than 48 hours. How the crypto trade worked The crypto trader’s move highlights how small amounts of capital can occasionally turn into life-changing sums during explosive memecoin rallies. Unlike Bitcoin or Ethereum, these ultra-low-cap tokens often swing wildly within short timeframes, with liquidity and volatility amplifying both upside and downside. In this case, just one purchase of 5 BNB at the right moment created a windfall of over $1.6 million. Stories like this have become increasingly common in 2025’s memecoin frenzy, where traders scour decentralized exchanges for early entries into community-driven or viral tokens. While the outsized gains attract attention, analysts caution that such tokens often suffer equally dramatic crashes.

Jordan Major
Battlefield Veteran's Studio Shuts Down, "But We Are Not Giving Up"
Entertainment

Battlefield Veteran's Studio Shuts Down, "But We Are Not Giving Up"

Battlefield veteran David Goldfarb's studio, The Outsiders, is closing down, but Goldfarb and the team are "not giving up."In a statement, Goldfarb said The Outsider is shutting up shop as part of wider cuts at studio owner Funcom. The Outsiders, which was founded in 2015, had a close call at closing up shop when the studio's other game, Darkborn, was canceled in 2020, Goldfarb said. After that game didn't make it, Funcom took a majority ownership of The Outsiders. The studio then released the rhythm-action game Metal: Hellsinger in 2022."It will always be a high point for me personally and I will be forever grateful we got to make it and for the wonderful team and partnerships that made it happen," Goldfarb said.Goldfarb said The Outsiders had plans to make something "even better" in the future, but "things don't always go the way you hope."That being said, Goldfarb said, "We are not giving up, and we are going to try to continue on in some new form. Change is always tough and right now we are all hurting."The Outsiders had around 60 employees at the Stockholm office, according to Funcom. The company recently announced that this year's Dune: Awakening was its biggest release in the company's 32-year history, but despite that, the publisher slashed a number of jobs.Goldfarb is known for his work on the Battlefield franchise from when he worked at DICE. He left in 2012 to join Overkill Software as the game director for the beloved Payday 2 before leaving to establish The Outsiders in 2015.

Eddie Makuch
Veterinary Dermatology Drugs Market Set to Exceed USD 5.1 Billion in 2032, says Coherent Market Insights
Technology

Veterinary Dermatology Drugs Market Set to Exceed USD 5.1 Billion in 2032, says Coherent Market Insights

Burlingame, CA, Oct. 07, 2025 (GLOBE NEWSWIRE) -- The Global Veterinary Dermatology Drugs Market is estimated to be valued at USD 3.04 Bn in 2025 and is expected to reach USD 5.1 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of7.67% from 2025 to 2032. The growth of the veterinary dermatology drugs market is driven by the rising incidence of skin disorders among animals, the increasing rate of pet adoption, and growing awareness regarding animal health and wellness. Additionally, the surge in allergy cases in animals, advancements in veterinary medicine, and the rising demand for innovative drugs to treat animal skin diseases are expected to further propel market growth in the coming years.

Coherent Market Insights Pvt. Ltd
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