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US bank stocks near correction as earnings loom, consumer outlook in focus
US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated borrowing costs and rising Treasury yields. While trading revenue is expected to remain strong, analysts are divided on the outlook, weighing potential relief rallies against macroeconomic risks and growing concerns over credit affordability.
Adani has begun construction of 10,432 rehabilitation homes for eligible Dharavi residents on a 22-acre Matunga railway site in Mumbai. The project includes 10 high-rise towers, commercial units and community facilities, with completion planned in phases until 2030.
Zetwerk, Bonfiglioli Transmissions, Tonbo, SMT announce IPO price bands
Four IPOs worth a combined 8,827 crore are set to open on October 15, while ICICI Prudential AMC reports a 6.1% rise in Q2 profit and Alpha Wave sells a 1.52% stake in Lenskart
Piyush Goyal says India will become global car manufacturing hub, European firms to follow
India has offered quota-based tariff concessions on car imports from the United Kingdom and the European Union (EU) under its free trade agreements with the two regions.
A property seller facing a 90.09 lakh income tax penalty after failing to file an ITR has received another chance to appeal. The ITAT condoned the delay and ordered fresh consideration, but did not cancel the penalty or decide the tax dispute.
Will RBIs new measures to support rupee affect overseas investments? Experts explain
The rupee surged 93 paise after the RBI tightened forex rules to curb dollar speculation. Experts explain how the measures could affect returns on US stocks, international mutual funds and ETFs, and what Indian investors should know about currency risk and overseas investments.
HCLTech expects little workforce impact from the US suspension of PERM applications, citing its limited recent use of the programme and increased recruitment of local talent. Analysts say the move is unlikely to significantly affect Indian IT firms, though it could complicate some H-1B extensions.
Festive gold buying is common in India, but cash purchases and tax compliance rules apply. Here's all you need to know before purchasing ornaments and jewellery this Dhanteras.
Polycab Indias F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order
NSE will remove Polycab India from the equity derivatives segment from December 30, 2026, with existing contracts available until expiry. Separately, NCLAT has stayed the NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.
HCLTech Q2 FY27 Profit Rises 21% to Rs 5,132 Crore, AI Operations Boost Margins
HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.
When should you switch your financial advisor? 5 warning signs investors should watch for
A financial advisor should help investors meet their changing financial goals, not simply push new products. Here are five warning signs to watch for, from poor portfolio reviews and unclear recommendations to hidden costs and lack of transparency.
RBI measures to support rupee weigh on govt bonds, domestic equities
Broader market indices bucked the trend, with the Nifty Midcap 150 rising 0.1 per cent and the Nifty Smallcap 250 gaining 1.13 per cent
Indian Gas Exchange secures Sebi's nod to float IPO
Indian Gas Exchange Ltd has received approval from Sebi to launch an initial public offering. The proposed IPO is exclusively an offer for sale of equity shares by promoter Indian Energy Exchange Ltd. IGX aims to enhance its visibility and strengthen its brand image through this public listing. The company has been operational since June 2020 and reported increasing revenue in recent years.
Banks seek clarity on RBI's new forex curbs, flag operational challenges
The measures, announced over the weekend, have raised questions about maintaining the Foreign Exchange Risk Reserve, recovering the associated costs from customers and calculating the notional value of transactions involving multiple options strategies.
Defence startup Tonbo Imaging fixes IPO price band at 665-700 a share
The offer for sale of up to 12.17 million shares opens on October 15. The Bengaluru-based company has deployed more than 28,000 systems across 24 countries.
Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.
SBI economists call for scrapping LTCG tax on equities
SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.
Indian Railways is advancing projects in Uttar Pradesh, including a proposed AligarhMathura rail link and track upgrades in Gonda district. Land acquisition and forest-clearance steps are underway for the MankapurTikri doubling and a new JhilahiTikri line.
Rupee perks up 96 paise on RBIs weekend measures
The last time the INR had a better opening than todays was on February 3, 2026, when it opened 111 paise stronger at 90.40 per USD against previous close of 91.51
Market Trading Guide: Astra Microwave, Manappuram among 5 stock recommendations for Tuesday
Analysts recommend five stocks for Tuesday, including Astra Microwave, Manappuram and Laurus Labs, citing bullish chart patterns, improving momentum and breakout signals. Here are the targets and stop-loss levels.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesdays market direction.
A nominee helps banks and financial institutions settle investments after an account holders death. But what determines the final ownership of the assets? Full details here.
SEBIs Credit Risk-o-Meter may make bond risks easier to compare
Six colour-coded categories is expected to help investors assess credit risk across debt securities, with mandatory disclosures on offer documents, advertisements and online bond platforms
Wall Street bets big on India as IPO boom draws global financial giants
Global banks, private equity firms and trading companies are expanding operations as domestic savings increasingly flow into financial markets and investments
IT, telecom stocks decline as market selloff resumes amid FII outflows
Nifty IT fell 0.79 per cent on Monday, while telecom shares remained under pressure amid FII outflows, concerns over Jio Platforms' IPO valuation and broader market weakness
India's steel industry bucks global slowdown as demand and output rise: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman urged steelmakers to cut emissions and boost domestic specialty steel production to reduce import dependence. She highlighted rising domestic demand, a 6,300 crore PLI scheme and public investment as key growth drivers.
Are you 30, 40 or 50? Here's how much retirement savings you may need at your age
Retirement planning must account for inflation and decades of expenses after regular income stops. With 7% annual inflation, someone spending 50,000 a month today could need a retirement corpus of 2.20 crore to 11.95 crore by age 60, depending on their current age and years until retirement.
Medical-device maker SMT seeks optimum pricing to balance access and quality
Company IPO to open this week, price band between 327 to 344 per equity share
Can Russian diesel bring down US fuel prices? Trumps plan explained
Shipping constraints, refinery damage and competing global supply pressures could determine whether Russias promised diesel deliveries offer meaningful relief to American consumers
Sridhar Vembu Dismisses Universal Basic Income Amid AI Rise
Zoho founder Sridhar Vembu has criticised the concept of Universal Basic Income (UBI), calling it an 'unimaginative and dystopian' vision. He argues that while AI threatens intellectual jobs, humans have endless tasks related to nature, nurture, culture, and spirituality that can provide purpose and sustenance, rejecting the idea of dependency on handouts.
Goldman upgrades global equities on earnings optimism
Goldman Sachs has upgraded its outlook on global equities from neutral to overweight as earnings growth remains strong. This change is attributed to more attractive valuations ahead of the forthcoming earnings season. The bank also expressed caution regarding potential risks from higher rates and energy prices impacting equity markets. Additionally, it remains bullish about the Asia and US markets while being underweight on Europe.
Aequs Signs Long-Term Aerospace Supply Deals With Safran
Indian precision engineering firm Aequs has signed long-term supply agreements with French aerospace major Safran. These contracts will support Safran's supply chain and expand Aequs' role in manufacturing critical aerospace components, including fully assembled A320 family aircraft wheels and landing gear components for various Airbus and Boeing programmes, with significant in-country value addition in India.
UPL shares jump 5% on speciality chemical business prospects
The brokerage said Superform is targeting revenue growth of 2023% annually, with phosphorus and cyanide chemistries emerging as key growth drivers
Banks seek clarification on RBI forex measures
Retail Inflation Rises to 5.54% in September on High Onion Prices
India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.
FundsIndias October 2026 report compares 20-year returns across asset classes. 1 lakh invested in gold grew to 14.6 lakh, compared with 8 lakh in Indian equities, 4.3 lakh in debt and 4.2 lakh in real estate, highlighting golds stronger performance over the period.
Private banks inoperative Jan Dhan accounts rise led by HDFC Bank, Kotak Mahindra Bank
Inoperative PMJDY accounts at private banks rose to 8.95 million, even as their share of total accounts fell to 36%; public sector banks reported a smaller increase.
Q2 Results Today, 12th October 2026 Highlights: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, along with updates on Bright Outdoor Media, HCL Technologies, ICICI Prudential Asset Management Company and many others.
Mid, smallcap rush lifts equity MF inflows to five-month high in September
Investors used market correction to raise equity bets, average costs, say experts
CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and others
CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance the company's liability profile and is essential for financial management. The company intends to raise a significant portion of its annual borrowing requirements through external commercial borrowings. Financial officials noted that current hedging costs are rising but manageable overall.
Coal India denies NTPC supply crunch, says exceeded commitments
Coal India Ltd (CIL) has refuted claims by NTPC Ltd regarding critically low coal stocks, stating it has met and exceeded its contractual supply commitments to the power producer. CIL reported supplying 97 million tonnes to NTPC and its joint ventures during April-September of FY27, a 5% increase year-on-year.
Positive inflows into gold ETFs continue for the 12th week in a row
Investments were positive, despite US investors redeeming $132 million, as China chips in with more.
ICICI Prudential AMC reported a 6.1% year-on-year rise in Q2 FY27 net profit to Rs 889 crore, while revenue from operations grew 16.3% to Rs 1,674 crore. The company declared an interim dividend of Rs 30 per share, with October 21, 2026, set as the record date. Its quarterly average AUM rose 14.4% to Rs 11.61 lakh crore.
NFO Alert: Invesco Mutual Funds SummitSIF launches active asset allocator long-short fund
Invesco Mutual Funds Summit SIF has launched the Summit Active Asset Allocator Long-Short Fund, an interval investment strategy offering exposure to multiple arbitrage opportunities across equities, debt, indices, commodities and special situations. The new fund offer is open for subscription until October 26, with a minimum investment of Rs 10 lakh for investors.
Stock markets tumble on oil price spike, FII outflows; Sensex drops 548 points
Erasing opening gains, the 30-share BSE Sensex tumbled 547.65 points, or 0.76%, to settle at 71,924.68. During the day, it slumped 796.23 points, or 1%, to 71,676.10
Stock markets tumble on oil price spike, FII outflows; Sensex drops 548 points
Erasing opening gains, the 30-share BSE Sensex tumbled 547.65 points, or 0.76%, to settle at 71,924.68. During the day, it slumped 796.23 points, or 1%, to 71,676.10
PVR Inox among 4 stocks hitting 52-week highs; rallied up to 13% in a month
Four BSE 500 stocks, including PVR Inox, PTC Industries, Aditya Infotech and Laurus Labs, hit fresh 52-week highs despite a decline in benchmark Sensex, gaining up to 13% in a month.
India benchmark bond posts worst day in six months on RBI measures
Indian government bonds experienced a significant decline due to central bank measures aimed at draining liquidity. The benchmark 10-year bond yield rose to its highest level in three years, signaling potential rate hikes. Consumer inflation increased to 5.54%, exceeding forecasts and raising concerns over future monetary policy. The Reserve Bank of India announced bond sales and changes to cash reserve ratio maintenance.
The 1 Crore Portfolio Problem: When Your Money Grows, Your Mistakes Get More Expensive
Market corrections can influence portfolios differently depending on their size and the investor's timeline. Investors with larger portfolios need a careful approach to risk management amid market fluctuations. Those with long-term aspirations should keep funds for short-term needs separate from their growth capital. This tactic guarantees that financial commitments are fulfilled even during market downturns.
HCLTech Forms Global Partnership With Anthropic For AI
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
HCLTech has declared an interim dividend of Rs 12 per share for FY27, with October 16 set as the record date and October 26 as the payment date. The IT major reported a 21% year-on-year rise in Q2 net profit to Rs 5,132 crore and announced a global partnership with Anthropic.
Sahajanand Medical Technologies sets IPO price band at Rs 327-344 per share; issue opens on Oct 15
Sahajanand Medical Technologies has set a price band of Rs 327-344 per share for its Rs 475.48 crore IPO, which opens on October 15 and closes on October 19. The issue is entirely an offer for sale, with shares scheduled to list on the BSE and NSE on October 22.
The Two-Portfolio Household: Why Couples in Their 40s Should Stop Treating Every Rupee the Same
With 1.5 crore in their investment corpus, Ajay and Supriya Pandey face a crucial management decision. They intend to craft a dual-portfolio strategy, creating a growth portfolio tailored for retirement and a responsibilities portfolio designated for upcoming expenses. This plan allows them to fulfill immediate needs like education and healthcare without sacrificing their long-term financial growth.
HDFC Bank launches annual festival offer
Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddys and Bajaj Auto topped Nifty gainers.
Rupee gains 96 paise, but Nifty falls 157 points on crude, FII outflows
Nifty 50 fell 157.10 points, or 0.70%, to close at 22,363.35, while the Sensex declined 547.65 points, or 0.76%, to 71,924.68
Sebi nudges brokerage firms to join return verification platform
Only four qualified stock brokers have joined the PaRRVA platform so far, while several industry players have raised concerns over high costs and limited adoption
Stock Markets Tumble: Sensex Drops 548 Points on Oil Price Spike, FII Outflows
Indian benchmark stock indices, Sensex and Nifty, experienced a significant drop on Monday, with the Sensex falling by nearly 548 points, primarily due to a fresh spike in crude oil prices, persistent foreign fund outflows, and rising bond yields.
Want to build 1.5 lakh emergency fund? We calculate how much monthly savings you'll need
An emergency fund can help cover unexpected expenses without relying on loans. Here's how much you'll need to save to build 1.5 lakh corpus. Reassess your target regularly and build it gradually using accessible, low-risk options.
From Surats soaring viaducts to an undersea tunnel near Mumbai, Indias 2-trillion bullet train is breaking ground. Shaking off delays and Japanese supply snags, a homegrown high-speed ecosystem is taking shape. Can this massive gamble finally outrun its price tag?
LTTS Bets Big On AI And Digital Manufacturing For Future Revenue
L and T Technology Services (LTTS) CEO Amit Chadha announced that artificial intelligence is a net positive for the company, with six key focus areas expected to contribute 80% of revenue in five years. These areas, including digital manufacturing and AI infrastructure, are projected to deliver higher growth and margins, offsetting pricing pressures in traditional IT services. LTTS also inaugurated an NVIDIA-powered AI manufacturing lab in Bengaluru.
Bitcoin traded near $83,000 on Monday as the cryptocurrency market attempted to stabilise following heavy US ETF outflows and macroeconomic pressure. While institutional sentiment remains cautious amid elevated oil prices and a strong US dollar, whale accumulation and strong corporate holdings provide underlying support for crypto assets.
Small-cap and mid-cap funds attracted 16,873 crore in September, up 12.8% from August. Experts say inflows reflect long-term growth expectations and SIP participation, but investors should avoid chasing past returns and assess valuations, risk tolerance and investment horizons before investing.
LTTS Launches NVIDIA AI Lab For Manufacturing Innovation
L and T Technology Services (LTTS) has inaugurated an NVIDIA-powered Engineering Intelligence (EI) lab in Bengaluru, designed to showcase AI-native manufacturing, digital twins, and autonomous systems. The facility offers clients a comprehensive view of the manufacturing journey, from virtual validation to autonomous operations, and plans to expand to the US.
Sebi notifies common ad code, allows celebrity endorsements for brands
Sebi's common advertisement code allows celebrities to promote regulated entities at the brand level but prohibits endorsements of specific financial products or services.
SEBI notifies common ad code for market intermediaries; allows celebrity endorsement for brands
The Common Advertisement Code will apply to regulated entities stock brokers, depository participants, investment advisers, research analysts, online bond platform providers, portfolio managers, and mutual funds/asset management companies.
Can a paternal uncle claim your fathers property? Understanding inheritance laws in India
Can a paternal uncle claim his deceased brothers property if the latter has a surviving son? Inheritance rights depend on the applicable succession law, surviving legal heirs, property ownership and the presence of a valid Will. Heres what the law says about property claims by paternal uncles.
Two wheeler loan interest rates: What can affect your financing cost
Grasping the nuances of bike loan interest rates is essential for effective repayment management throughout the loan duration. Elements such as your credit history and income level heavily dictate the rates provided by lenders. Its wise to factor in the complete borrowing expenses, including additional fees. Leveraging an EMI calculator can assist future borrowers in projecting their monthly installments and making informed comparisons.
Saudi Aramco studying new crude export routes, overseas storage expansion
The move comes as global energy markets face disruptions stemming from ongoing conflicts in the region
Rupee jumps 96 paise to close at 95.75 against US dollar
Mumbai, Oct 12 (PTI) The rupee appreciated 96 paise, logging its steepest single-day gain in more than six months, to close at 95.75 (provisional) against the US dollar on Monday after the Reserve Bank of India over the weekend stepped in with several measures aimed at bolstering the domestic currency. Forex traders said the RBIs measures could provide near-term support to the rupee by easing spot-market dollar demand and curbing excessive forex positioning. However, sustained recovery will depend on crude oil prices, capital flows and global market conditions, they said. At the interbank foreign exchange market, the rupee opened at
Gold ETFs attracted 4,451 crore in Sept, the highest monthly inflow of FY27 so far, with net investments rising 71% from August, according to AMFI data. Experts attribute the surge to geopolitical uncertainty, inflation concerns, golds safe-haven appeal and expectations of further price gains.
Shriram Finance revised fixed deposit rates by 0.15% to 0.40% across tenures, effective October 11, 2026. With senior citizens over 60 receiving 0.50% additional benefit and women depositors receiving an additional 0.05% annual benefit.
Elara initiates coverage on Adani Power, sees up to 17% upside as expansion plans gather pace
Elara Securities has initiated coverage on Adani Power with an Accumulate rating and a target price of Rs 220, implying 17% upside. The brokerage expects capacity expansion from 18.3 GW to around 42 GW by FY32 to drive growth, while flagging execution risks, rising debt and limited valuation headroom.
RBI measures, intervention spark rupee's sharpest rally in six months
On Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar purchases will now be directed away from the spot market, easing pressure on the rupee. This intervention aims to address the mounting balance of payments challenges due to high oil prices. However, analysts remain cautious about the sustainability of the rupee's recovery moving forward.
Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers
Jefferies has maintained its Buy rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.
Michael Burry warns that markets may be in denial over an AI bubble, while Ray Dalio sees signs of a classic bubble nearing a turning point. Peter Lynchs investing philosophy offers a reminder to focus on businesses rather than market timing.
Equity MFs Surge 31% to Rs 38,306 Crore in September
Equity mutual fund schemes recorded a net inflow of Rs 38,306 crore in September, a 31 per cent increase from the previous month, driven by strong investor interest in mid-cap and small-cap funds despite stock market volatility and foreign portfolio investor (FPI) sell-offs.
Indian mutual funds launched 28 open-ended NFOs in September, collecting Rs 2,708 crore according to AMFI data. Equity and index categories led collections, driven by strong investor interest in sector-specific offerings, including the Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund which raised Rs 544 crore.
Iraq crude shipments to India rebound as Russian crude shipments decline
The rebound comes at a time when Russian crude shipments to India declined 32.3% from August to 5.48 million tonne
Sunil Singhania adds new stock to portfolio in Q2 after 140% rally; likely exits Cyient DLM
Veteran investor Sunil Singhania's Abakkus Flexi Cap Fund acquired a 1.15% stake in Aether Industries and raised its holdings in Heritage Foods during Q2 FY27. Meanwhile, the fund appears to have exited Cyient DLM as its holding dropped below 1% following a sharp multi-month rally.
India's Aviation Sector Attracts Major GE Aerospace Investment
GE Aerospace is set to significantly increase its supply chain spending in India, targeting USD 400 million by 2030, up from USD 200 million in 2025. This expansion reflects the company's commitment to India's burgeoning aviation market, driven by substantial aircraft orders and the strategic importance of its manufacturing and technology centres in Pune and Bengaluru.
Smallcaps have surged 2.3 times since April 2023, but Carnelian Capital founder Vikas Khemani believes the segment still offers Indias next multibaggers. Despite elevated valuations, stronger earnings growth, greater domestic exposure, and a wider pool of high-growth businesses could create opportunities for investors who focus on stock selection and management quality.
PVR Inox, Sky Gold, Neogen, West Coast Paper, PTC Ind, KMEW hit 52-wk highs
West Coast Paper Mills was locked in the 20% upper circuit at 873.40, zooming 110% thus far in the calendar year 2026, compared to a 16% decline in the BSE Sensex.
Equity mutual fund inflows rise 31% to 38,306 crore in September; SIPs hit record high
Small-cap and mid-cap schemes attracted the largest investments, while debt fund redemptions dragged overall mutual fund flows into negative territory.
Despite market corrections in September, small and midcap mutual funds recorded strong monthly inflows of Rs 9,038 crore and Rs 7,834 crore respectively. Largecap funds also returned to positive territory with Rs 859 crore in inflows, signaling strong investor confidence and strategic value buying across all capitalisations.
Goodluck India shares surged 17% to a 52-week high of Rs 585 after its board approved the proposed merger of Goodluck Defence and Aerospace and Goodluck Green Energy. The restructuring aims to streamline operations, improve market liquidity and strengthen long-term shareholder value, with further details expected later.
Warren Buffetts investing wisdom: 5 money lessons from his 2004 shareholder letter
Warren Buffett's 2004 shareholder letter offers 5 investing lessons on keeping costs low, understanding businesses, avoiding emotional decisions, choosing simple investments and demanding value. Here's how investors can apply his advice to navigate market volatility and build long-term wealth.
