Market News

Small-cap stocks surge up to 65% despite broader market weakness

Several Nifty Smallcap 250 stocks have delivered strong gains over three months, with Cupid leading at 66% gains despite the Nifty 50 declining nearly 4% during the same period. The outperformance highlights isolated pockets of resilience in India's equity markets amid broader volatility.

HDFC Bank Q2 Net Profit Rises 4.6% YoY to Rs 19,510 Crore

HDFC Bank, India's largest private lender, reported a net profit of Rs 19,509 crore for Q2 FY27, representing a 4.6% year-on-year increase from Rs 18,641 crore in the corresponding quarter last year. The results underscore the bank's continued profitability amid steady net interest income growth of 10%, signaling resilience in India's banking sector.

Crypto Derivatives Pivot to Real-World Assets as Open Interest Surges

Open interest in real-world asset contracts has grown to $9 billion, representing 14% of total volume, as crypto derivatives platforms diversify beyond Bitcoin and digital assets. The shift reflects a maturing digital asset ecosystem increasingly attracting mainstream investors seeking exposure to traditional markets through blockchain-based infrastructure.

Crypto Derivatives Expand Into Traditional Assets as Open Interest Surges

Open interest in real-world asset contracts within crypto derivatives markets has grown to $9 billion, representing 14% of total volume, signaling a shift beyond Bitcoin-focused trading. The expansion indicates growing mainstream adoption of digital asset infrastructure for traditional financial instruments.

Axis Bank Q2 Profit Surges 38% YoY to Rs 7,003 Crore

Axis Bank reported a net profit of Rs 7,003 crore for Q2 FY27, representing a 38% year-over-year increase from Rs 5,089 crore in the same quarter last year, with net interest income rising 12%. The strong earnings growth signals robust credit demand and operational efficiency at India's third-largest private sector lender.

Nifty Recovery Hinges on 22,750 Support; Tech Stocks in Focus

SBI Securities analyst Sudeep Shah outlined a potential recovery path for India's Nifty index if it maintains the 22,750 support level, with upside targeting 23,650 should it break above 23,450. Shah highlighted information technology and private banking stocks as key beneficiaries, though cautioned that a sustained reversal remains unconfirmed amid mixed technical signals.

PL Capital Identifies 8 Smallcap Stocks With Up to 50% Upside

PL Capital has recommended eight small and midcap stocks including CESC, Amber Enterprises, and Healthcare Global, citing upside potential ranging from 13% to 50% despite recent market headwinds. The brokerage remains cautious about near-term recovery prospects following the Nifty's eight-week losing streak.

Jio's $3.2 Billion IPO Tests Ambani Appeal Among Young Indians

Reliance Industries' Jio platform is preparing for a $3.2 billion initial public offering, marking a significant test of investor appetite for the telecom and digital services venture among India's younger demographic. The IPO represents a strategic move to gauge market confidence in Ambani-led enterprises and the digital economy expansion in India.

US stocks end sharply lower as AI concerns and oil prices weigh

US equities declined substantially on Friday, with the S&P 500, Dow Jones, and Nasdaq all posting significant losses driven by renewed pressure on AI-related technology stocks and rising oil prices. Investor concerns about debt-heavy AI infrastructure companies and the economic implications of higher crude prices dampened sentiment heading into the weekend.

CoreWeave Faces Stock Pressure Amid Debt Concerns and AI Uncertainty

CoreWeave Inc. is experiencing significant stock volatility driven by rising bond yields and investor concerns about its debt levels and potential default risks. The company received a temporary boost from positive comments by Nvidia's CEO, though overall market sentiment remains cautious despite expectations that strong AI demand could help offset these financial pressures.

DEE Development Engineers inks nuclear sector framework pact

DEE Development Engineers Limited has signed a framework agreement with a domestic engineering contractor to expand its involvement in India's nuclear power projects. The partnership will provide comprehensive engineering support including design services, cost estimates, and component sourcing as India pursues its nuclear energy expansion plans.

Analysts highlight Senco Gold, Lalithaa as jewellery picks beyond Titan, Kalyan

As India's festive season approaches, analysts are identifying Senco Gold and Lalithaa Jewellery Mart as potential market winners in the gems and jewellery sector, alongside established players Titan Company and Kalyan Jewellers. Sustained consumer demand linked to wedding purchases is expected to drive sales growth despite rising gold prices.

IT Stocks Drive Dalal Street Higher as Global AI Trade Cools

Indian IT stocks led a rally on the Dalal Street despite a broader technology sector selloff across Asia, driven by concerns over persistent US inflation and potential further monetary tightening. The divergence highlights India's IT sector finding relative strength while global AI-focused tech stocks face headwinds.

Nasdaq Network Disruption Impacts US Equities Data Feeds

Nasdaq experienced a network disruption at its Carteret facility that affected US equities market data feeds, creating gaps in several multicast groups. The exchange advised clients to switch to backup feeds from Chicago and apologized for the service interruption while investigating the technical issue.

Torrent Power plans $500 million bond sale for Nabha Power acquisition

Torrent Power is planning a rupee-denominated bond issuance of approximately $500 million, according to banker reports, following an earlier 38 billion rupee offering. The funds will support the company's acquisition of Nabha Power for around 69 billion rupees, marking the company's strategy to diversify funding beyond traditional banking channels.

Rocket Lab shares drop 8% on Neutron rocket delay to 2027

Rocket Lab's stock declined following the company's announcement that its Neutron rocket's maiden flight has been postponed to 2027 due to manufacturing challenges. Investors are now reassessing execution risks against the company's strong revenue growth and substantial order backlog.

Jio Platforms Files Red Herring for India's Biggest Public Issue

Jio Platforms has filed its red herring prospectus for an initial public offering targeting ₹30,213 crore in capital raise, making it one of India's largest IPOs. The company plans to issue up to 270 million fresh equity shares with proceeds earmarked partly for debt repayment at Reliance Jio Infocomm.

AI stocks tumble $80 billion as US inflation stokes rate concerns

Major artificial intelligence companies including CoreWeave and Dell Technologies experienced significant stock declines, collectively erasing approximately $80 billion in market value amid rising US inflation concerns. The selloff reflects investor anxiety over higher interest rates and their potential impact on borrowing costs for less profitable firms in the technology sector.

S&P 500, Dow Futures Rise Ahead of Inflation Data

U.S. stock index futures moved higher in advance of scheduled inflation data release, with banking sector stocks drawing investor attention. The market movement reflects positioning ahead of economic data that typically influences Federal Reserve policy expectations.

SME-Focused PMS Strategies Gain 7.5% as Nifty Tumbles 6% in September

Small-cap and SME-focused Portfolio Management Services (PMS) strategies delivered positive returns in September despite major indices falling over 6%, with HEM Securities' India Rising SME Stars scheme leading at 7.23% according to PMS Bazaar data. The outperformance highlights divergence in market performance, as broader mid-cap and thematic strategies experienced losses of up to 10.16% during the same period.