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Indian Equities Set for Cautious Open; Hero Moto, Dr. Reddy's Among Top Stocks in Focus

· · 3 min read

Indian equity markets are set for a cautious opening on Thursday, October 29, 2026, as GIFT Nifty futures dropped 94.50 points. Key stocks like Hero MotoCorp, Dr. Reddy's Labs, and Titagarh Rail Systems are expected to be closely watched by investors.

Indian equity markets are anticipating a cautious start to trading on Thursday, October 29, 2026. This sentiment follows the latest global monetary policy assessments and an uptick in crude oil prices. The US Federal Reserve recently maintained its interest rates, a decision being closely evaluated by traders.

Adding to the cautious outlook, GIFT Nifty futures on the NSE International Exchange were down by 94.50 points, or 0.41 per cent, trading at 22,683.50. This movement suggests a subdued opening for the domestic market. Several companies are making headlines today due to corporate actions or recent performance, placing their shares under investor scrutiny.

Corporate Actions Today

A number of shares will trade ex-date for dividend today, including Shriram Finance, Central Mine Planning & Design Institute, Crisil, Kajaria Ceramics, and Ksolves India. Additionally, Chandni Machines will trade ex-date for a stock split.

Several prominent companies are also slated to announce their quarterly results later today. These include Asian Paints, Coal India, InterGlobe Aviation, Ambuja Cements, ARCIL, Blue Star, CARE Ratings, Equitas SFB, Firstsource Solutions, ESAF SFB, Godrej Consumer, Horizon Industrial Parks, ICRA, IEX, Kalpataru, Laurus Labs, Milky Mist Dairy Food, Motilal Oswal Financial Services, Pine Labs, Shadowfax Technologies, Suzlon Energy, Symphony, and Welspun Corp.

Key Stocks in Focus

Hero MotoCorp

The leading two-wheeler manufacturer reported a 4.55 per cent year-on-year increase in its standalone net profit, reaching Rs 1,456 crore for the September 2026 quarter. Revenue for the same period climbed 21.2 per cent year-on-year to Rs 14,687 crore. EBITDA grew 8 per cent year-on-year to Rs 1,968 crore, with margins improving to 13.4 per cent.

Dr. Reddy's Laboratories

The US Food and Drug Administration (USFDA) has closed its inspection of Dr. Reddy's FTO-SEZ Process Unit-02 in Andhra Pradesh, classifying the outcome as 'Voluntary Action Indicated' (VAI). The inspection covered both pre-approval and good manufacturing practices at the facility.

Fortis Healthcare

Fortis Healthcare has expanded its presence in Bengaluru by acquiring Suguna Hospital, a 110-bed facility, for approximately Rs 277 crore. The acquisition includes potential for the hospital to expand its capacity to around 150 beds.

ACME Solar Holdings

The renewable energy company announced a significant 113.5 per cent year-on-year surge in consolidated net profit, reaching Rs 268.66 crore for the July-September 2026 quarter. Revenue also saw a substantial increase of 89.6 per cent year-on-year to Rs 887.01 crore. EBITDA grew by 63.6 per cent year-on-year to Rs 874 crore, with PAT margins expanding to 30.3 per cent for the quarter.

Titagarh Rail Systems

Titagarh Rail Systems has secured an additional order from the Ministry of Railways for 4,955 BOXNHL wagons, valued at Rs 1,716.90 crore. This new order increases the total quantity of BOXNHL wagons under contract to 9,994, maintaining the original price. The amended total value of the contract now stands at Rs 10,404.10 crore.

Awfis Space Solutions

The co-working space provider has announced the launch of new centers across Pune, Bengaluru, and Mumbai. These new additions will contribute approximately 1.45 lakh square feet of premium Grade A+ space to Awfis Space Solutions' portfolio.

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