Market News

Canara HSBC Life Q2 profit rises 5% YoY to Rs 43 crore

Canara HSBC Life Insurance Company reported a 5 percent year-on-year increase in net profit to Rs 43 crore for the September quarter, driven by growth across key operational metrics. The insurer's total income reached Rs 2,511 crore while net premium collections climbed to Rs 2,553 crore, indicating solid business momentum in the period.

RBI to auction Rs 25,000 cr government securities on Oct 13

The Reserve Bank of India has announced an Open Market Operations (OMO) sale auction of government securities worth Rs 25,000 crore scheduled for October 13, featuring six securities with maturities between 2030 and 2034. The move comes as the banking sector maintains substantial surplus liquidity of approximately Rs 3.88 lakh crore.

RBI to Sell $2.6B Bonds, Tighten Reserve Requirements

The Reserve Bank of India announced plans to sell $2.6 billion in bonds while raising the cash reserve ratio for banks effective October 16, as part of broader liquidity management efforts. The moves follow the RBI's first policy rate hike in nearly four years and signal a potential shift toward tighter monetary policy.

Eight Midcap Stocks Surge Up to 135% as Two Emerge as Multibaggers

A cohort of eight midcap stocks has delivered gains ranging from 50% to 135% over the past year, significantly outperforming the broader market. Notably, Laurus Labs and Apar Industries more than doubled in value, marking them as multibagger performers according to the announcement.

14 Smallcap Stocks Post Five-Day Winning Streak

Fourteen smallcap stocks gained across all five trading sessions from October 5 to 9, with Alok Industries and Modern Insulators each advancing 28 percent. The sustained rally in these stocks outpaced broader market performance during the period.

14 Smallcap Stocks Rally for Five Consecutive Trading Days

Fourteen smallcap stocks demonstrated sustained strength by gaining in each of five consecutive trading sessions from October 5 to 9, with Alok Industries and Modern Insulators each advancing 28 percent. The sustained rally suggests selective strength in India's smallcap segment despite broader market conditions.

Jio Platforms plans Rs 30,000 crore IPO with global investor outreach

Jio Platforms is preparing a proposed Rs 30,000 crore initial public offering, positioned as one of India's largest public issues, with Akash and Isha Ambani leading international investor engagement. Existing investors including Meta and Google are reported to be maintaining their positions while some seek increased stakes as Jio targets a valuation of up to Rs 10.3 lakh crore.

US Stocks Post Weekly Gains Ahead of Major Earnings Reports

Wall Street closed strongly on Friday, driven by anticipation of third-quarter earnings from major financial institutions including Wells Fargo and Goldman Sachs. The market momentum reflects analyst expectations for notable S&P 500 earnings growth year-over-year, despite underlying concerns about consumer sentiment.

US Bank Precious Metals Trading Set for Record $5B Year

Major US and international banks are capitalizing on surging gold and silver demand, with JPMorgan Chase alone reporting approximately $700 million in metals trading profits in the first half of 2026. Analysts project the banking sector will generate around $5 billion in precious metals trading revenues by year-end, marking a record performance.

US stocks open higher as oil retreats; telecoms weighed by SpaceX deal

US stock indices opened higher Friday as declining oil prices eased Middle Eastern supply concerns, though telecom stocks fell following SpaceX's spectrum purchase. The mixed session highlights sector-specific pressures even as broader market sentiment improved.

Poonawalla Fincorp Q2 Profit Surges 407% to Rs 375 Crore

Poonawalla Fincorp reported a 407% year-on-year surge in net profit to Rs 375 crore for Q2FY27, with net interest income climbing 81%, driven by business expansion and improved asset quality. The lender's operating profit more than doubled, supported by growth in its gold loan portfolio and strengthening credit metrics.

TCS shares surge 4% on strong Q2 profit growth and dividend

Tata Consultancy Services reported a 15% year-on-year increase in Q2 consolidated net profit to Rs 13,884 crore, triggering a 4% rally in its shares. The IT major also declared a second interim dividend of Rs 12 per share for FY27, signaling confidence in cash generation.

ITC Among 4 F&O Stocks With Sharp Rise in Futures Open Interest

Four stocks on India's NSE derivatives segment recorded over 10% growth in futures open interest on October 8, indicating heightened trading activity and potential shifts in market positioning by derivatives traders. The surge signals changing sentiment among participants in the futures and options market.

Infosys, Wipro ADRs Drop 3% on TCS Results, H-1B Visa Curbs

Infosys and Wipro American Depositary Receipts declined nearly 3% in US trading following Tata Consultancy Services' quarterly earnings release and reports of heightened US restrictions on employment-based green card programs linked to H-1B visas. The selloff reflects investor concerns about technology spending trends, artificial intelligence disruption, and the implications of tighter immigration policies for Indian IT service providers.

Indian Markets Plunge as RBI Tightening, FII Selling Weigh

Indian equities experienced significant declines on Thursday, with the Nifty touching a 52-week low of 22,179 and the Sensex losing 1,045 points, erasing over Rs 10 lakh crore in market value. The selloff reflected multiple headwinds including RBI policy tightening, persistent foreign institutional investor outflows, elevated bond yields, and rupee depreciation.

Bear Markets Breed Best Investment Ideas: Kotak's Nilesh Shah

Nilesh Shah from Kotak Mutual Fund highlighted that bear markets create opportunities to identify strong investment ideas, while advocating for portfolio diversification through alternative investments and international exposure. Shah noted India's growth potential exceeds South Korea's due to its talent pool and infrastructure advantages.

Emerging Markets Face First Foreign Outflows Since June Amid Fed Hawkishness

Foreign investors withdrew $26.3 billion from emerging-market stocks and bonds in September, the first monthly outflow since June, according to the Institute of International Finance. The selling was driven by a more hawkish Federal Reserve stance that elevated Treasury yields and strengthened the US dollar, diminishing the relative attractiveness of emerging-market assets.

Fed Minutes Signal Possible Rate Hike by Year-End Amid Persistent Inflation

According to the latest Federal Reserve minutes, officials have signaled a possible interest rate increase by year's end as inflation remains elevated at 7.2% as of June 2022. The central bank is navigating the dual challenge of controlling price pressures while maintaining employment stability in the economy.

US Treasury Selloff Intensifies as 10-Year and 30-Year Yields Hit 24-Year Peaks

US Treasury yields have reached their highest levels in 24 years, driven by persistent inflation concerns and elevated oil prices that are pressuring bond prices lower. The Treasury Department is proceeding with a $39 billion auction of 10-year notes amid rising competition for investor capital from corporate borrowing markets.

Indian auto stocks tumble as RBI signals end to rate cut cycle

Indian automobile stocks including Tata Motors, Maruti Suzuki, M&M, and Ashok Leyland declined up to 3% following the Reserve Bank of India's decision to raise the repo rate and adopt a calibrated tightening stance. The shift away from rate cuts signals headwinds for the auto sector despite expectations of strong Q2 revenue growth.