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Earnings Pressure Hits Zee and Eternal; Paint Stocks Shine on Crude Price Dip
Earnings Pressure Hits Zee and Eternal; Paint Stocks Shine on Crude Price Dip
Written by - chandrashekar
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October 17, 2025
2 minutes
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Market Snapshot
Indian equity markets extended their winning streak for the third consecutive session, hitting fresh 52-week highs on October 17.
The BSE Sensex surged past the 84,000 mark for the first time since June 30, 2025.
The Nifty 50 index climbed above 25,700, its highest level since October 1, 2024.
Buying interest was strong in auto, consumer durables, FMCG, healthcare, and banking heavyweights.
On the other hand, media, IT, metal, and PSU bank indices witnessed mild profit booking, falling between 0.5% and 1%.
Overall, sentiment remained positive, supported by sectoral rotation into defensives and consumption-driven stocks.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
1.4
NIFTY AUTO
0.7
NIFTY HEALTHCARE INDEX
0.8
NIFTY PRIVATE BANK
0.4
NIFTY CONSUMER DURABLES
0.7
NIFTY REALTY
0.1
NIFTY PHARMA
0.7
NIFTY OIL & GAS
0.0
Top News
Zee Entertainment shares fell to a five-month low after the company reported a 63% YoY drop in Q2 net profit to ₹76.5 crore, hurt by weak earnings performance.
Paint stocks rallied as declining crude oil prices eased input cost pressures, with Asian Paints surging over 5%, while Berger Paints and Kansai Nerolac gained 2% and 4%, respectively.
Eternal shares slipped 4% despite earlier record highs, after posting a 63% YoY decline in Q2 profit to ₹65 crore, even as revenue jumped 183% amid sharply higher expenses.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ASIANPAINT
4.1
WIPRO
-5.2
M&M
2.7
INFY
-2.1
BHARTIARTL
2.3
ETERNAL
-1.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,500
25,850
Bank Nifty
57,300
58,000
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