Nifty outlook for october 28: new series begins with Jio platform listing, US fed decision. October 28, 2026 | 09:22 IST Nifty many eventually break above 22,800 in the short term. Analysts believe that a decisive move beyond this level could pave the way for an advance towards 23,100, while declines may find support near 22,600. The Nifty 50 ended Tuesday's monthly expiry session marginally lower at around 22,750, as selling pressure near the 22,800-resistance level offset buying interest at lower levels. The benchmark opened on a mildly negative note, tracking cues from GIFT Nifty, before recovering during the first half of the session. However, a sharp mid-session decline wiped out the initial gains, with a late recovery helping the index pare losses towards the close. After rebounding from its intraday lows on Monday, the index appeared to consolidate around a key resistance level, leaving the near-term outlook range-bound to mildly positive. Information technology (IT) stocks witnessed profit booking, while financial stocks remained under pressure. Capital market stocks extended their gains amid reports concerning potential changes to long-term capital gains (LTCG) tax and securities transaction tax (STT), with BSE rising more than 2%. Tata Consumer Products emerged as the top Nifty 50 gainer, climbing nearly 7% after its September-quarter results largely met market expectations. Nifty outlook: Can the index cross 22,800? Market participants will look for fresh triggers on Wednesday, with the Federal Reserve's policy decision and commentary, corporate earnings and the proposed listing of Jio Platforms in focus. Jio Platforms is slated to list on the exchanges on Wednesday, following a fresh issue of ₹30,213 crore, according to the supplied details. The domestic earnings calendar will also remain busy, with results due from Hindustan Unilever, Adani Ports, Adani Enterprises, TVS Motor, Hyundai Motor India, Pidilite Industries, Vedanta, Cholamandalam Investment and Finance, Hero MotoCorp and JSW Energy, among others. Nagaraj Shetti of HDFC Securities believes the underlying market trend remains positive and expects the Nifty to eventually break above 22,800 in the short term. A decisive move beyond this level could pave the way for an advance towards 23,100, while declines may find support near 22,600. Osho Krishan of Angel One sees the 22,500-22,600 zone as an important support area that could cushion the index against further selling. On the upside, 22,850 is an intermediate hurdle, while 23,000 remains a stronger resistance level. A sustained breakout above these levels would be needed to strengthen the technical outlook. Vatsal Bhuva of LKP Securities noted that the Nifty managed to close above its 20-day moving average (DMA) and 200-week moving average (WMA) on the daily chart after briefly slipping below them. This points to buying support at lower levels, although selling pressure continues near 22,800. Bhuva expects the index to remain sideways to mildly positive in the near term, with 22,600 acting as immediate support and 22,800 as the key resistance. A sustained move above the latter could open the way towards 23,000. He advised traders to follow a level-based strategy. Sunny Agrawal of SBI Securities said corporate earnings, commodity price movements and global macroeconomic developments will be important in determining the market's next move. He added that, despite near-term volatility, domestic fundamentals and India's long-term growth prospects continue to support the broader investment outlook. NOTE TO READERS Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Sunil D'Souza, Managing Director & CEO of Tata Consumer Products, expects strong double-digit revenue growth and margin expansion in the second half, driven by tea pricing, new product launches and its growth portfolio. The company also plans to enter functional foods and nutraceuticals. The Mumbai-based fast-moving consumer goods (FMCG) company, Tata Consumer Products Ltd., is expanding its presence in the health and wellness segment with plans to enter functional foods and nutraceuticals, while preparing to launch its protein water offering, according to Sunil D'Souza, Managing Director & CEO of Tata Consumer Products. The company expects the new categories to strengthen its growth portfolio over the coming quarters. D'Souza said Tata Consumer remains committed to growing its high-growth businesses at over 30% over time, while continuing to introduce new products. D'Souza said Tata Consumer's protein water product is ready but has been delayed to complete quality checks before commercial launch. Tata Consumer shares were trading at ₹981.75 as of 11:12 am on the NSE. The company, which has a current market capitalisation of ₹97,133.91 crore, has seen its shares decline more than 16% over the last year. The company's growth portfolio expanded 47% in the latest July-September 2026 quarter, supported by strong demand for dry fruits and cold-pressed oils. However, D'Souza said the core growth portfolio - including pulses, poha and makhana - continues to grow at around 30%, and that remains the company's long-term target. D'Souza also reiterated the company's outlook for its recent acquisitions, Capital Foods and Organic India, expecting both businesses to deliver 25-30% growth. This is an edited transcript of the interview. It's a strong set of numbers you've delivered. But what is exciting is, you know, the prospects of the second half, as you pointed out in the conference call yesterday as well. I was doing some numbers, and it appears that this year you could cross ₹22,500 crore to ₹23,000 crore on the topline. Is that a possibility with nearly 15% margins for the full year? You're absolutely right. We've had a good quarter so far, and we're looking forward to continued acceleration from here. All parts of the business are doing well. Tea, we're holding share. Salt, we've shown volume growth despite taking a price increase. The growth part of the portfolio has delivered 47% growth, and margins are expanding. International business has delivered strong mid-single-digit growth and expansion of margins. The good part is, we're just getting started. We'll continue to grow in the second half. We're seeing continued growth in salt. The growth portfolio keeps going from strength to strength. A bit of the heatwave, which impacted us, especially in the UK, will be behind us in the second half, and coffee prices in the US are starting to settle down. So, we feel pretty confident going into the second half. Whether we end up at ₹22,500 crore or ₹23,000 crore, your guess is as good as mine. But we will have strong double-digit growth on the top line, and we've always guided for a bit of margin expansion. So, we're not too far off from the ₹22,500 crore to ₹23,000 crore expectation on the top line with 15% margins, right? Quite close to that, I would say, in the ballpark. How have tea prices behaved? If you could give us the outlook in terms of revenue and volumes, as well as the margin expansion you're hinting at. So, let's focus just on tea. So, let me explain tea overall. In the first quarter, if you look at the volume-value gap, volume was up 2% and value was down 4%, a 6% gap. Last quarter, we raised prices, and volume was flat while value was down 1%. Right now, as we enter this quarter, value is starting to overtake volume, and there are two reasons for that. Number one is that as we came into the year, we had expected tea prices to come down, and we had been giving up pricing. But unfortunately, two things happened this year. One, on the demand side, with the heat continuing and the monsoon being deficient, we saw a bit of a shortfall. And on the crop side, because of the El Niño effect, there was a little bit of a shortfall, especially at the lower end of the crop, and that's why we had to take up pricing. All in all, most of that correction is behind us. In the second half, we will see low-digit to mid-single-digit volume growth, and we've taken up pricing. All the pricing is still not reflected in the numbers, and therefore there'll be margin expansion as well. So, we remain quite confident. And the good news is that share has held up. We've had a couple of launches, especially on the premium end. We've launched Chakra Select down in the South. We've launched Kanan Devan Gold down in the South. We've also launched Gold Reserve in multiple parts of the country, taking premium up by one level. It's good to know that you've held share, and you expect low- to mid-single-digit volume growth, along with some element of pricing growth as well. That makes it mid- to high-single-digit revenue growth in the second half. I just wanted to understand a couple of pointers from your growth portfolio. We've been speaking since the time you said that your aspiration was to take the growth portfolio to 30% and grow consistently at over 30% as well. For the last two quarters, your growth portfolio has contributed over 35%, now closer to 40%, and it has also grown upwards of 40%. So, do you want to revise that growth portfolio target, or maybe define another portfolio that qualifies as super growth? So, let me answer it in two parts. I think a large part of the growth in the base part of the portfolio, which we had about two years back - pulses, poha, makhana - is growing about 30%. The surge to 47% last quarter has been driven by our dry fruits and cold-pressed oils, but we'll be starting to cycle that very soon. So that's why we remain focused on the 30%. But to your point, we will be adding two new categories this quarter. One is what I call functional foods, the whole story of protein, fibre, etc. And the second piece is we're entering nutraceuticals as well. Those will also add to the growth portfolio. So, we'll continue to deliver 30% plus over a period of time. Frankly speaking, I would have loved to say that I had launched the protein portfolio last quarter, but unfortunately, the protein water we've developed is still in quarantine to make sure quality is up to the mark, and we'll be launching it very soon. Protein water will be an interesting one. So, is that the next ₹1,000-crore category for you? Because dry fruits and cold-pressed oils have done that already. And now that you've spoken about the core part of the growth portfolio, can we expect this part itself to grow upwards of 40%? Because the core is growing at 30%, and then there are additions coming in from new categories every time.

Tata Consumer expects double-digit revenue growth, margin expansion in second half of FY27. October 28, 2026 | 00:31 IST Tata Consumer Products Sunil D'Souza, Managing Director & CEO of Tata Consumer Products, expects strong double-digit revenue growth and margin expansion in the second half, driven by tea pricing, new product launches and its growth portfolio. The company also plans to enter functional foods and nutraceuticals. Tata Consumer Products expects to deliver strong double-digit revenue growth and further margin expansion in the second half of the financial year, supported by its tea business, growth portfolio, recent acquisitions and new product launches, according to Sunil D'Souza, Managing Director & CEO of Tata Consumer Products. Speaking after the company's July-September 2026 quarter results, D'Souza said multiple businesses are performing well and the company is entering the second half with confidence. He also indicated that Tata Consumer's revenue could remain close to the ₹22,500-23,000 crore range estimated by analysts while maintaining its margin expansion guidance. Tea business to support H2 growth D'Souza said the tea business is expected to return to volume-led growth after price increases implemented earlier this year. This Mumbai-based fast-moving consumer goods (FMCG) company expects low-digit to mid-single-digit volume growth in tea during the second half, while earlier price hikes continue to flow through to revenue and profitability. He added that Tata Consumer has retained market share despite raising prices and has expanded its premium portfolio through launches such as Chakra Select, Kannan Devan Gold and Gold Reserve. Tata Consumer shares were trading at ₹981.75 as of 11:12 am on the NSE. The company, which has a current market capitalisation of ₹97,133.91 crore, has seen its shares decline more than 16% over the last year. D'Souza said the company's growth portfolio, which expanded 47% in the July-September 2026 quarter, will continue to grow at more than 30% over time. The recent acceleration was driven by dry fruits and cold-pressed oils, while the core portfolio - including pulses, poha and makhana - continues to grow at around 30%. Tata Consumer plans to enter functional foods and nutraceuticals, further expanding its higher-growth categories. He also revealed that the company will soon launch protein water, after completing quality checks. Capital Foods, Organic India maintain growth trajectory The company remains confident that Capital Foods and Organic India will continue delivering 25-30% growth, after reporting 24% growth in India during the previous quarter. D'Souza said temporary disruptions in international shipments affected overseas performance but expects operations to normalise from the current quarter. Acquisition pipeline remains active D'Souza said Tata Consumer continues to evaluate opportunities, in terms of future acquisitions, particularly in the health, wellness and functional foods segment. The company currently holds around ₹1,800 crore in cash, providing flexibility for inorganic expansion. "We've always maintained we'll grow organically and inorganically," he said. While there are no immediate acquisition announcements, D'Souza said the company would pursue opportunities that complement its portfolio and create long-term value. The company also reiterated its target of generating 5% of sales from innovation, after launching 22 new products in 12 weeks. For the full interview, watch the accompanying video Tata Consumer confident of H2 growth as tea pricing, new launches and acquisitions gain traction Catch all the latest updates from the stock market here