INDIAN MARKETS:

On October 15, At close, the Sensex was down 152.93 points or 0.19 percent at 81,820.12, and the Nifty was down 70.70 points or 0.28 percent at 25,057.30.

US MARKETS:

The Dow Jones Industrial Average fell 324.60 points, or 0.75%, to 42,740.62, the S&P 500 fell 44.54 points, or 0.76%, to 5,815.31 and the Nasdaq Composite fell 187.10 points, or 1.01%, to 18,315.59.

ASIAN MARKETS:

The Topix declined by 0.74%, while the Nikkei dropped by 1.73%. Taiwan's market fell by 1.73%, and the Kospi was down 0.95% from the previous close.

OIL & GAS UPDATES:
US West Texas increased 0.34%, while Brent Crude increased by 0.29%.

KEY QUARTERLY EARNINGS:

KEI Industries Q2 (YoY):

- Profit up 10.4% at Rs 154.8 crore vs Rs 140.2 crore

- Revenue rises 17.2% to Rs 2,279.6 crore vs Rs 1,944.9 crore

- EBITDA grows 9.1% to Rs 220.6 crore vs Rs 202.2 crore

- Margin drops to 9.7% vs 10.4%

- Plans to raise Rs 2,000 crore via QIP

Rallis India Q2 (YoY):

- Profit up 19.5% to Rs 98 crore vs Rs 82 crore

- Revenue increases 11.5% to Rs 928 crore vs Rs 832 crore

- EBITDA jumps 24.8% to Rs 166 crore vs Rs 133 crore

- Margin expands to 17.9% vs 16%

Alok Industries Q2 (YoY):

- Loss widens to Rs 262.1 crore vs Rs 174.8 crore

- Revenue falls 35.5% to Rs 885.7 crore vs Rs 1,372.3 crore

KEY STOCKS TO WATCH:

Cochin Shipyard:

- Govt to sell 5% stake via OFS at Rs 1,540/share. OFS includes a base of 2.5% and green shoe option of 2.5%. Opens for non-retail on Oct 16, retail on Oct 17.

PNC Infratech:

- Secured two EPC road projects worth Rs 4,630 crore from MSRDC for Pune ring road and expressway connector in Maharashtra.

Power Finance Corporation:

- Transferred two subsidiaries, Jamnagar Transmission and Navinal Transmission, to Adani Energy Solutions for Rs 19.3 crore and Rs 19.14 crore.

Tembo Global Industries:

- Secured a 25-year PPA for 124 MW solar power under Mukhyamantri Saur Krushi Vahini Yojana 2.0 with Maharashtra State Electricity Distribution.

RailTel Corporation:

- Received Rs 79.84 crore order from MHADA to provide cloud hosting and disaster recovery services.

HFCL:

- Launched two UBR products for 4G/5G backhaul and rural connectivity.

FII/DII DATA:

1. FIIs net SOLD Rs 1,748 crore worth shares on 15 October

2. DIIs net BOUGHT Rs 1,654 crore worth shares on 15 October.