Equity investors can anticipate a cautiously positive trading sentiment for the week of October 25–31, driven primarily by strong domestic corporate results and mixed, yet generally supportive, global cues.
The major domestic theme remains the robust Q2 earnings season. This optimism is being supplemented by a key international development: the White House confirming a meeting between the US and Chinese Presidents next week, a factor expected to ease geopolitical risks and boost global sentiment.
While encouraging, the global outlook presents a mixed picture. Supporting factors include resilient economic data: the Eurozone Composite PMI unexpectedly rose to a 17-month high in October, and China's industrial sector remained robust with significant growth in September's industrial output.
However, market vigilance remains high due to recent US data. The acceleration witnessed in the latest US September CPI figures reinforced caution ahead of the Federal Reserve's imminent policy decision. Furthermore, the recent decline in major US indices, including the S&P 500 snapping a seven-day winning streak amid profit concerns in the AI sector, suggests investors must maintain vigilance regarding global growth and interest rate dynamics.
Several prominent companies are scheduled to announce their quarterly earnings next week. The first result to look out for on Saturday (October 25) would be Kotak Mahindra Bank.
Reporting will continue on Monday (October 27) featuring results from Indian Oil Corporation, Adani Energy Solutions, Indus Towers, and SRF. The following day, Tuesday (October 28), will see announcements from TVS Motor Company, Adani Green Energy, Tata Capital, and Shree Cements.
Mid-week on Wednesday (October 29), major companies including Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, and United Breweries are scheduled to release their figures. The announcements continue on Thursday (October 30), with earnings due from ITC, Pidilite Industries, Cipla, Canara Bank, and Dabur India.
Finally, the week concludes on Friday (October 31), with reports from Maruti Suzuki India, Bharat Electronics, Shriram Finance, Godrej Consumer Products, and ACC.
On the data front, the domestic industrial production numbers for the month of September would be released on Tuesday (28 October 2025). The industrial production in India expanded by 4% from the previous year in August of 2025, slowing slightly from the upwardly revised 4.3% growth rate in the previous month.
On Wednesday (29 October 2025), the M3 Money Supply figures for the week ended on October would be made public. The Money Supply M3 in India increased to Rs 2,88,952.23 billion in the week ending October 3 from Rs 2,83,493.33 billion two weeks before.
On Friday (31 October 2025), the government budget value for the month of September would be unveiled. The Indian government recorded a budget deficit of Rs 5.98 trillion in the first five months of the 2026 fiscal year, widening from the Rs 4.35 trillion deficit in the corresponding period of the previous year.
In China, the year-to-date (YTD) industrial profit figures for the period ended on September 30 would be released on Monday (27 October 2025). Profits at China’s industrial firms grew 0.9% yoy to CNY 4.69 trillion in the 1st eight months of 2025, rebounding from a 1.7% decline in the 1st seven months of the year.
On the same day, the YTD FDI numbers would for the period ended on September 30 would be announced. Foreign direct investment (FDI) in China dropped 12.7% year-on-year to CNY 506.58 billion in the first eight months of 2025, amid global economic uncertainty.
On Friday (31 October 2025), the NBS Manufacturing PMI data for the month of October would be made public. China’s official NBS Manufacturing PMI rose to 49.8 in September 2025 from 49.4 in the prior month.
Friday would also see the release of the NBS Non-Manufacturing PMI figures for October 2025 period. China’s official NBS Non-Manufacturing PMI slipped to 50.0 in September 2025, down from both the August reading.
In the United States, the Dallas Fed Manufacturing Index value for October 2025 would be released on Monday (27 October 2025). The Dallas Fed’s general business activity index for Texas manufacturing slipped to (-8.7) in September 2025 from (-1.7) in the prior, signaling a second consecutive monthly contraction in manufacturing activity and the steepest since June.
On Tuesday (28 October 2025), the S&P/Case-Shiller Home Price figure for August 2025 would be released. The S&P CoreLogic Case-Shiller 20-City Home Price Index in the US rose 1.8% year-on-year in July 2025, the smallest gain since July 2023, after a 2.2% increase in June.
The American Petroleum Institute’s (API) Crude Oil Stock Change for the week ended on October 24 would be announced on Wednesday (29 October 2025). The US crude oil inventories dropped by 2.98 million barrels in the week ending October 17th, 2025, following a 3.52 million-barrel build the previous week.
On the same day, the US Federal Reserve would announced its latest interest rate decision. The Federal Reserve cut the federal funds rate by 25bps in September 2025, bringing it to the 4.00%–4.25% range, in line with expectations. It is the first reduction in borrowing costs since December.