Business
Stocks to buy: What’s the outlook for Nifty for the week starting October 27? Check list of top stock recommendations – The Times of India
Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Cummins India, and Blue Star. Here’s his view on Nifty, Bank Nifty for the Diwali week starting October 27, 2025:Nifty View:The benchmark index Nifty has delivered a strong performance through October, advancing over 1500 points from its low of 24588 in just 15 trading sessions. This sharp upward move was driven by festive optimism, steady domestic inflows, and supportive global cues, reflecting a robust bullish sentiment.During the Diwali week, the index approached its all-time high, raising expectations of a breakout. However, it failed to sustain the momentum and encountered profit booking, indicating a shift in investor sentiment following the rapid rise.This slowdown has led to the emergence of a Shooting Star-like candlestick pattern on the weekly chart, which typically signals a potential reversal or exhaustion in the prevailing trend. The pattern suggests that while buyers attempted to push prices higher, they faced resistance. A confirmation candle, usually a bearish follow-through, will be essential to validate this reversal signal.From a momentum perspective, the daily RSI had reached a high of 72.69, indicating overbought conditions. It has since declined to 67.19 and is currently trending lower, reinforcing the cautious outlook.At the same time, market participants are closely monitoring developments around the India-US trade deal, which could serve as a key trigger for the next directional move. A favourable outcome may revive bullish sentiment and fuel further upside.In terms of technical levels, the 25550–25500 zone is expected to act as a strong support, as it coincides with the 13-day EMA and the 38.2% Fibonacci retracement of the recent rally from 24588 to 26104. On the upside, the 25950–26000 zone remains a critical resistance. A sustained move above 26000 could pave the way for a rally towards 26300.With technical indicators cooling off and macro factors in play, the coming sessions will be crucial in determining whether this is a temporary pause or the beginning of a broader correction.Bank Nifty ViewThe banking index Bank Nifty registered a new all-time high on Thursday, reflecting strong sectoral momentum and investor confidence. However, the index was unable to hold above the critical 58500 mark, and soon after, it experienced profit booking, indicating a temporary shift in sentiment following the sharp rally.This pullback has resulted in the formation of a Shooting Star candlestick pattern on the weekly chart, a technical signal that often points to trend exhaustion. The pattern suggests that while buyers attempted to push prices higher, they encountered resistance, leading to a potential pause or reversal in the ongoing uptrend.Adding to the cautious outlook, the daily RSI has also weakened. After reaching a high of 76, the RSI has now given a bearish crossover and is trending lower, typically indicating a cooling-off in momentum and the possibility of a consolidation phase.With Bank Nifty at a crucial juncture, market participants will be closely watching for confirmation signals in the coming sessions. Whether this is a brief pause or the beginning of a broader correction will depend on price action over the next few trading days.From a technical standpoint, the 57000–56900 zone is expected to act as key support, as it aligns with the 38.2% Fibonacci retracement level of the recent rally. On the upside, the 58200–58300 zone remains a critical resistance area. A sustained move above 58300 could pave the way for a sharp rally towards 59000, and potentially 59500, in the short term.Stock recommendations:Cummins IndiaCUMMINSIND had been consolidating in a 3830–4030 range since early October, forming a series of small-bodied candles that indicated indecision among traders. The stock broke out of this range on Thursday, and the move was followed by strong follow-through buying in Friday’s session, confirming bullish momentum. With Friday’s close, Cummins India has moved above the upper band of the Bollinger Bands, reflecting heightened buying strength. Moreover, the MACD has given a bullish crossover above its signal line, accompanied by rising histogram bars, which indicates increasing positive momentum and suggests the potential for further upside in the near term. Hence, we recommend to accumulate the stock in the zone of 4190-4170 with a stoploss of 4050. On the upside, it is likely to test the level of 4500 in the short term.Blue StarBLUESTARCO recently broke out of a downward sloping trendline, signalling a shift in momentum in favour of the bulls. After the breakout, the stock consolidated within a tight 1940–1990 range for four trading sessions, digesting gains before resuming its upward move. On Friday, it broke above this range with strong follow-through buying backed by healthy volumes, reaffirming bullish sentiment. The stock also trades above all key moving averages, indicating strength in the broader trend. Meanwhile, the RSI, which had flattened in the last few sessions, has started turning higher, and the ADX is rising, suggesting that momentum is building up for a further upside move. Hence, we recommend to accumulate the stock in the zone of 2020-2000 with a stoploss of 1940. On the upside, it is likely to test the level of 2160 in the short term.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
The Home Office has “squandered” billions of pounds of taxpayers’ money on asylum accommodation, according to a report by a committee of MPs.
The Home Affairs Committee said “flawed contracts” and “incompetent delivery” left the department unable to cope with a surge in demand and it relied on hotels as “go-to solutions” instead of temporary stop-gaps.
The MPs said expected costs had tripled to more than £15bn and not enough had been done to recoup excess profits.
A Home Office spokesperson said the government was “furious about the number of illegal migrants in this country and in hotels”, and reiterated its pledge to end the use of asylum hotels by 2029.
Around 32,000 asylum seekers are currently living in 210 hotels whilst their applications are processed, costing the government around £5.5m a day.
The report said the current system for housing people seeking asylum – with its reliance on hotels – was expensive, unpopular with local communities and unsuitable for the asylum seekers themselves.
The report said the contracts drawn up for accommodation providers under the Conservatives had been flawed and that “inadequate oversight” had meant failings went “unnoticed and unaddressed”.
Expected costs for hotel contracts from 2019-2029 have risen from £4.5bn to £15.3bn, while two accommodation providers still owe millions in excess profits that the Home Office has not recovered, the report found.
Chair of the committee Dame Karen Bradley told BBC Radio 4’s Today programme: “We just ended up with more people than the contracts ever thought there could be and that’s meant that the costs have absolutely rocketed.”
“The government has only just started looking at claiming back those profits, auditing the accounts to see what is due back to the taxpayer,” Dame Karen said.
The said “failures of leadership at a senior level” were among reasons the Home Office was “incapable of getting a grip on the situation”.
Dame Karen said the department had “neglected the day-to-day management of these contracts” and has focused on “short term, reactive responses”.
“The skills needed to manage these contracts simply were not present in the Home Office when they were drawn up,” she added.
External factors, including the pandemic and the “dramatic” increase in small boat arrivals, have meant the Home Office has had to accommodate “a growing number of people for longer periods of time” the report said.
Choices made by the previous Conservative government, including to delay asylum decisions as it pursued the scheme to deport migrants to Rwanda, factored into this, MPs added.
While the report acknowledged the “challenging environment” in which the Home Office was operating, it said “its chaotic response has demonstrated that it has not been up to the challenge”.
The MPs said they had heard too many cases of inadequate asylum accommodation and unaddressed safeguarding concerns for vulnerable people.
Housing Secretary Steve Reed accused the previous government of “pouring taxpayers’ money down the drain”.
He added that Labour ministers were continuing to look at housing asylum seekers on disused military bases, as they are the “least expensive option available”, alongside longer-term rental accommodation options.
Two former military sites – MDP Wethersfield, a former RAF base in Essex, and Napier Barracks, a former military base in Kent – are already being used to house asylum seekers after being opened under the Conservatives.
Dame Karen welcomed the government’s pledge to shift away from asylum hotels and invest in larger sites like military bases.
But she said past failings, like moving people into accommodation too quickly, must not be repeated.
“On large sites, once the lessons have been learned, facilities are much better, people are in much more suitable accommodation and it can be better for everybody,” she said.
In response to the report, a Home Office spokesperson said: “We have already taken action – closing hotels, slashing asylum costs by nearly £1 billion and exploring the use of military bases and disused properties.”
Several protests and counter-protests over asylum hotels have taken place across the UK this year, notably in Epping over the summer after an asylum seeker being housed at The Bell Hotel was charged with two sexual assaults.
Business
‘Indian Economy Continues To Gain Momentum Despite Uncertain Global Outlook’: FinMin Report
Last Updated:
‘Demand conditions across rural and urban India strengthened with…GST reforms and the festive season,’ the finance ministry says in latest Monthly Economic Review.
The finance ministry said the combination of macroeconomic stability, regulatory reforms, and ongoing structural initiatives is expected to have a positive multiplier effect on economic activity.
Despite global economic uncertainties and trade disruptions, India’s economy has continued to gather strength, supported by robust domestic demand, strong manufacturing and services activity, and contained inflation, according to the finance ministry’s Monthly Economic Review for September 2025 released on October 27.
“Amidst…uncertain global outlook, India’s economy continues to gain momentum. Demand conditions across rural and urban India strengthened with the implementation of the GST reforms and the festive season, coinciding with industry reports signalling robust growth in sales, particularly in sectors such as automobiles. On the supply side, the manufacturing and services sectors expanded healthily. Taking into account the higher-than-anticipated growth in Q1 FY26 and steady upward trends visible in Q2 FY26, India’s growth forecasts for FY26 have been upgraded,” the finance ministry said in the report.
The report noted that economic activity worldwide has remained steady over the past few months, despite adverse trade policy disruptions. As a result, global economic growth this year is now expected to fare better than initially feared. This is reflected in the International Monetary Fund’s (IMF) upward revision of the global growth forecast for 2025 to 3.2 per cent in October 2025, compared with 3 per cent in July 2025 and 2.8 per cent in April 2025. Several transitory factors, such as a lower effective tariff rate in the US and frontloading of trade, have contributed to propping up growth. However, this resilience masks underlying structural weaknesses which are coming to the fore, leaving projections for global growth in 2026 broadly unchanged since July 2025.
The IMF now expects India’s real GDP to grow 6.6% in FY26, while the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) projects an even higher 6.8% growth, reflecting upgrades of 20 and 30 basis points, respectively.
Inflation Under Control, Price Stability Expected to Continue
The report highlighted that inflation remains well within control, aided by continued deflation in food categories. Retail headline inflation eased to 1.54% in September 2025, bringing the Q2 FY26 average to 1.7%.
Core inflation (excluding food and fuel) stood at 4.6% in September, with prices of non-food items staying stable. The ministry said, barring any adverse weather events or supply chain shocks, price stability is likely to prevail.
The RBI expects inflation to average 1.8% in Q3 FY26, with a slight uptick in Q4 FY26 and Q1 FY27 as base effects fade.
RBI Measures Support Liquidity and Credit Flow
The finance ministry credited the RBI’s liquidity management for ensuring adequate credit availability to support growth. The transmission of monetary policy into money and credit markets remains effective, reflecting the central bank’s calibrated approach.
It added that the RBI’s recent regulatory and development policies demonstrate a “balanced response” to evolving macroeconomic conditions — combining prudence with reforms aimed at strengthening banks, boosting credit flow, simplifying forex management, and internationalising the Indian Rupee.
External Trade Remains Resilient
India’s external sector has also shown resilience despite a volatile global trade environment. Total exports of goods and services grew 4.4% year-on-year in the first half of FY26 to reach USD 413.3 billion.
While merchandise exports rose 3%, services exports expanded 6.1% during the same period. Core merchandise exports, excluding petroleum and gems & jewellery, grew a strong 7.5%, underscoring the competitiveness of India’s manufacturing base.
Labour Market, Reforms, and Innovation Drive Growth
The government’s emphasis on skill development and job creation has helped stabilise the labour market in H1 FY26, with rising labour force participation and employment growth in both industry and services.
The introduction of GST 2.0 is expected to further stimulate consumption and investment, creating a multiplier effect on employment and demand.
The report also highlighted the government’s focus on research and innovation to boost global competitiveness. The Promotion of Research & Innovation in Pharma-MedTech Sector (PRIP) scheme, launched by the Department of Pharmaceuticals, will provide around ₹11,000 crore in support for R&D projects. The initiative aims to transform India’s Pharma-MedTech sector into a globally competitive, innovation-driven ecosystem by funding early-stage research and promoting flexible collaborations focused on public health priorities.
Outlook: Growth Momentum to Sustain
The finance ministry said the combination of macroeconomic stability, regulatory reforms, and ongoing structural initiatives is expected to have a positive multiplier effect on economic activity. These efforts, it said, will support domestic demand, enhance resilience, and help sustain India’s growth momentum despite a challenging global environment.
“Looking ahead, the lower GST rate is expected to support a positive demand outlook by reducing the tax burden on consumers and businesses, stimulating consumption and investment across sectors and boosting employment generation in the economy. Moreover, a strong performance in the industries and services sector, along with a stable labour market, will further enhance domestic demand. Nevertheless, global uncertainties warrant caution and will continue to affect external demand, presenting downside risks to the growth outlook,” the ministry said.
The implementation of various growth-enhancing structural reforms and government initiatives, including GST 2.0, is expected to mitigate some of the negative impacts of these external challenges, it added.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 27, 2025, 13:22 IST
Read More
Last Updated:
Jayesh Logistics IPO: Unlisted shares of Jayesh Logistics Ltd are currently trading at Rs 127 apiece in the grey market, against the upper IPO price of Rs 122, a GMP of 4.10%.
Jayesh Logistics IPO GMP Today.
Jayesh Logistics IPO Day 1: The initial public offering (IPO) of Jayesh Logistics Ltd opened on Monday, October 27. The Rs 28.63-crore SME IPO will remain available for public subscription for three days till Wednesday, October 29. Till 10:29 am on the first day of bidding on Monday, the IPO received a 0.17x subscription, garnering bids for 2,86,000 shares as against the 16,71,000 shares on offer.
Its retail category has received a 0.20x subscription, while the NII (non-institutional investor) quota has received a 0.38x subscription.
Jayesh Logistics IPO Price & Lot Size
The price band of the IPO has been fixed in the range of Rs 116 to Rs 122 apiece. The lot size for the issue is 1,000. It means a retail investor will have to apply for a minimum of 1,000 shares (a lot) and in multiple thereof. The minimum investment required is Rs 2,44,000, on the upper price of the IPO.
Jayesh Logistics IPO GMP Today
According to market observers, unlisted shares of Jayesh Logistics Ltd are currently trading at Rs 127 apiece in the grey market, against the upper IPO price of Rs 122. It means a grey market premium (GMP) of 4.10%, indicating mild listing gains for investors as of now.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The IPO will be listed on both the NSE Emerge on November 3.
Jayesh Logistics IPO: More Details
The IPO, which is entirely a fresh issue of 23.47 lakh shares, will close for subscription on October 29, 2025, with allotment expected on October 30. The company’s shares are proposed to be listed on the NSE SME platform on November 3, 2025.
The price band for the issue has been fixed at Rs 116-Rs 122 per share, with a lot size of 1,000 shares. The minimum investment for retail investors is Rs 2,44,000 (for two lots or 2,000 shares at the upper band), while HNIs are required to apply for a minimum of three lots (3,000 shares), amounting to Rs 3,66,000.
Indcap Advisors Pvt Ltd is the book-running lead manager, Kfin Technologies Ltd. serves as the registrar, and Giriraj Stock Broking Pvt Ltd is the market maker for the issue.
Financially, the company reported a revenue jump of 27%, while profit after tax (PAT) surged 128% between FY24 and FY25, reflecting improved operational performance.
Founded in May 2011, Jayesh Logistics Limited is a full-service logistics solutions provider with a strong presence in cross-border cargo movements across the Indo-Nepal Corridor and the Nepal hinterland.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 27, 2025, 10:42 IST
Read More
Home Office ‘squandered billions’ on asylum accommodation, MPs say
Radiohead express surprise over TikTok fame
Nike launches two new female-focused retail experiences in London
-
Tech1 week agoHow to Protect Yourself Against Getting Locked Out of Your Cloud Accounts
-
Business1 week agoGovernment vows to create 400,000 jobs in clean energy sector
-
Sports1 week agoPCB confirms Tri-nation T20 series to go ahead despite Afghanistan’s withdrawal – SUCH TV
-
Tech1 week agoThe DeltaForce 65 Brings Das Keyboard Into the Modern Keyboard Era—for Better or Worse
-
Tech1 week agoI Tested Over 40 Heat Protectant Sprays to Find the Best of the Best
-
Tech1 week agoSome major Australian towns still have poor phone reception—it’s threatening public safety
-
Tech1 week agoThe Best Part of Audien’s Atom X Hearing Aids Is the Helpful, High-Tech Case
-
Business1 week agoDiwali 2025: Gold & silver likely to consolidate next week; Here’s what analysts said – The Times of India