Stock Market LIVE Updates: Nifty 50 slips below 25,900 to close flat

After the festive break, Indian stock markets are expected to reopen on a steady and positive note on Wednesday, October 23. The session is likely to witness stock-specific movements, as several companies have announced significant updates and business developments.

Here’s a detailed look at the key stocks likely to remain in focus during today’s trading session:

Dr. Reddy’s Laboratories (DRL):
The pharmaceutical major has received a US FDA Establishment Inspection Report (EIR) with a “Voluntary Action Indicated” (VAI) status for its Srikakulam unit in Andhra Pradesh. The classification indicates that the facility has met the required compliance standards.

Bharat Electronics Ltd (BEL):
BEL has bagged an order worth ₹633 crore from Cochin Shipyard. The contract covers the supply of sensors, weapon equipment, fire control systems, and communication equipment.

TVS Motor Company:
Norton Motorcycles, the UK-based subsidiary of TVS Motor, has unveiled a design sketch of its upcoming flagship superbike, signaling further expansion in its premium motorcycle lineup.

Biocon Ltd:
Biocon Biologics, a subsidiary of Biocon, has received approval from Health Canada for its ustekinumab biosimilar, Yesintek™, which references Stelara®. The approval allows Biocon to market the drug in Canada for treating autoimmune diseases.

ONGC and Oil India (OIL):
Shares of oil exploration firms may see movement as crude prices continue to rise. Brent crude is trading above $64 per barrel, which could impact oil-linked and energy sector stocks.

Ola Electric:
The company will meet on October 25 to consider a fundraising proposal through equity issuance or other financial instruments. The move could be part of its expansion and pre-IPO plans.

United Breweries (UBL):
Heineken, which holds a majority stake in UBL, reported mid-single-digit organic net revenue growth in India for the latest quarter.

Epack Prefab:
The company reported an order book of ₹655 crore for the first half of FY26. Its profit after tax has doubled year-on-year, supported by strong project execution.

LG Electronics:
BofA Securities Europe purchased around 66,700 shares of LG Electronics through block deals, indicating institutional interest in the stock.

JB Chemicals:
The Competition Commission of India (CCI) has approved Torrent Pharmaceuticals’ acquisition of JB Chemicals, clearing the way for the merger.

Tata Motors:
Reports suggest that Jaguar Land Rover (JLR), a subsidiary of Tata Motors, could face a financial impact of about ₹6,300 crore due to the recent cyberattack incident.

NMDC Ltd:
The company has reduced iron ore prices by ₹500–₹550 per tonne, effective October 22, 2025, in response to market conditions.

Oil Marketing Companies (OMCs) and Paint Stocks:
These stocks are expected to react in line with crude oil price movements, as Brent remains above $64 per barrel.

Gold Financing Companies:
Gold financiers may come under pressure as gold prices declined for the third straight day, slipping below $4,100 per ounce, impacting collateral value and lending margins.