Market News

RBI Rate Hike Could Lift Banks While Pressuring NBFCs

India's central bank is expected to raise interest rates for the first time in three years, a move that could benefit banks with floating-rate assets but pressure non-banking financial companies due to higher funding costs. Brokerages have identified HDFC Bank, ICICI Bank, and Kotak Mahindra Bank among lenders positioned to gain from the policy shift.

Nasdaq hits record high as tech earnings optimism drives Wall Street

The Nasdaq Composite reached an all-time high, with Nvidia and Microsoft leading gains and a 1% close, as analyst forecasts point to notable year-over-year earnings growth for the S&P 500. Oil prices declined amid rising Middle Eastern crude exports and Group of Seven support, reflecting shifting commodity dynamics.

Euro Hits 17-Month Low on French Debt Fears and US Inflation

The euro declined to a 17-month low against the dollar as French budget deficit concerns and persistent US inflation signals drove currency market movements. The weakness reflects growing anxiety over eurozone fiscal stability and diverging monetary policy expectations between the Federal Reserve and European Central Bank.

Indian bonds hold tight range before RBI policy decision

Indian government bonds are trading within a narrow range as investors await the Reserve Bank of India's potential interest rate decision, with market participants holding back from new positions. The cautious stance reflects broader uncertainty from geopolitical concerns and signals that the U.S. Federal Reserve may pause its rate hiking cycle.

Electrical Products Maker Biocon Electric Files IPO Draft With Sebi

Biocon Electric has submitted draft red herring prospectus (DRHP) papers to India's Securities and Exchange Board (Sebi) for an initial public offering comprising 59 lakh shares, including fresh issuance and offer for sale components. The company intends to deploy fresh IPO proceeds primarily toward working capital requirements and seeks dual listing on BSE and NSE.

Indian Equities Slide as Nifty 50, Sensex Fall Amid Global Pressures

Indian stock indices fell sharply with the Nifty 50 dropping 198.50 points and the BSE Sensex declining 570.59 points, driven by rising global bond yields and elevated crude oil prices. HDFC Bank announced a new Managing Director and CEO appointment following regulatory approval, while other major companies including Infosys, Yes Bank, Hindustan Zinc, and RVNL were in focus during the selloff.

RBI Expected to Raise Repo Rate by 25 bps to 5.50% in October

The Reserve Bank of India's Monetary Policy Committee is anticipated to increase the key repo rate by 25 basis points to 5.50% at its October meeting, according to analyst expectations. The rate hike is expected to address inflationary pressures driven by elevated crude oil costs and weak agricultural production, with the decision to be announced on October 7.

Indian Stock Market Faces Headwinds as FII Selling Intensifies

India's Sensex and Nifty indices extended losses for a fourth consecutive session, with foreign institutional investor (FII) outflows, rising bond yields, and elevated crude oil prices pressuring sentiment and erasing approximately Rs 5 lakh crore in market capitalization. Market analysts have recommended that long-term investors consider gradual accumulation despite the current weakness.

IT Valuations Already Price in Most AI Disruption Risk

According to Chintan Haria of ICICI Prudential AMC, the Nifty IT index's 25% decline may have already incorporated much of the threat posed by artificial intelligence disruption. Haria identifies selective opportunities in IT companies positioned to benefit from data engineering, cloud migration, legacy system modernisation, and AI integration services.

RBI May Hike Repo Rate 25 bps as Inflation, Oil Risks Mount

The Reserve Bank of India could raise its repo rate by 25 basis points in October while signaling further monetary tightening, according to analysis citing pressures from inflation, elevated crude oil prices, and a narrowing rate differential with the US that threatens the rupee. Strong foreign reserves and a manageable current account position provide buffers to support such a policy move.

India IT Firms Face Muted Q2 Growth as AI, Budget Pressures Persist

India's leading IT companies are projected to deliver modest revenue growth and stable margins in the second quarter, with analysts citing prolonged client decision-making cycles due to geopolitical headwinds and constrained discretionary spending. AI advancements are expected to continue reshaping traditional service delivery and revenue timelines across the sector.

IPO Bonanza: 29 Companies Set to List This Week

The Indian primary market is preparing for 29 new listings this week following an active fundraising period, with grey market premiums indicating highly mixed debut prospects. Vans Electroengineerings shows the strongest signal at a potential 59% gain, while several companies are expected to open flat, reflecting investor caution across the cohort.

29 Companies Set to List This Week; Grey Market Signals Mixed Returns

India's primary market is experiencing a significant listing week with 29 companies preparing to debut following an active fundraising period. Grey market premiums indicate highly varied investor sentiment, ranging from substantial gains of up to 59% for select listings to flat opening expectations for others.

India Auto Sales Surge in September Amid Mixed Sector Performance

India's auto sector posted strong passenger and commercial vehicle sales in September, though gains were tempered by weakness in tractor and two-wheeler segments. Festive demand may provide near-term support, but rural stress and rising costs threaten margin expansion ahead of Q2 earnings.

Penny stocks plunge up to 57% as sector faces broad downturn

Multiple penny stocks in India have experienced significant declines over recent months, with nine stocks falling between 20% and 57%, according to reports. The sharp selloffs signal mounting pressure in the lower-value stock segment amid broader market challenges.

Jim Leitner's 7 Investing Lessons for Developing Market Mindset

Market strategist Jim Leitner has outlined seven investing principles centered on maintaining intellectual flexibility and recognizing market complexity. According to the guidance, investors should remain open to new ideas and acknowledge that markets continuously challenge even seasoned participants.

D-Mart Q2 Revenue Climbs 18% to Rs 19,206 Crore

Avenue Supermarts reported standalone revenue growth of 18.4% year-over-year in Q2 2026, reaching Rs 19,206.18 crore from Rs 16,218.79 crore in the prior-year period, while also posting sequential growth of 4.7% from Q1 2026. The retailer's store count stands at 518 locations.

Sebi examines position limits for non-agri contracts to boost liquidity

India's Securities and Exchange Board (Sebi) is investigating adjustments to position limits on non-agricultural commodity contracts as part of efforts to enhance market liquidity and depth. The regulator's chairman emphasized the role of phased physical settlement in agricultural commodities while the organization pursues broader structural improvements and technology integration across commodity markets.

Oversold Nifty Poised for Rebound as Volatility Persists

India's Nifty index has fallen below its 200-week moving average at 22,606.97 for the first time since March 2020, signaling a weakened technical structure that may present rebound opportunities for traders. The 22,600 level is now critical support, with continued volatility expected to define market action in the week ahead.

Cube Highways Trust raises Rs 1,150 crore via AAA-rated bonds

Cube Highways Trust successfully issued Rs 1,150 crore in senior secured non-convertible debentures at a 7.50% annual coupon, with major banks Axis Bank and ICICI Bank as key investors. The capital will support debt refinancing and ongoing infrastructure projects as part of a larger Rs 4,500 crore financing program.