28 C 
Monetary tightening likely to keep industrial metal prices on leash
Ferrous and non-ferrous metals have come under pressure on fears of a hawkish stance from US Fed
US stocks: US market opens higher as oil slips; telecoms hit by SpaceX spectrum deal
Wall Street opened on a positive note this Friday as oil prices dipped, easing worries over Middle Eastern supply issues. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each experienced a rise at the open. Nonetheless, the telecom industry faced headwinds following SpaceX's spectrum purchase, sparking competitive anxiety among its players, showcasing the market's mixed responses to sector-specific events.
RBI raises average CRR maintenance requirement for banks
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move aims to reduce the current surplus liquidity within the banking system.
Poonawalla Fincorp Q2 Results: Profit skyrockets 407% YoY to Rs 375 crore, NII rises 81%
Poonawalla Fincorp reported a 407% year-on-year surge in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled, supported by business growth, improving asset quality and an expanded gold loan network.
Anand Rathi Wealth reported a 22% year-on-year rise in Q2 business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore as quarterly net inflows hit a record Rs 4,186 crore.
The 57th GST Council has recommended changes to simplify GST registration cancellation, including automatic processing of applications and system-based cancellation for certain defaults. What do business owners need to know about the application process and other key deadlines?
Half of Indias MTF book is in smallcaps; Nithin Kamath flags liquidity risks
Zerodha founder Nithin Kamath warned that small and microcap stocks account for a substantial share of Indias margin trading facility book. He highlighted liquidity risks during market downturns, when smaller stocks may face sharper selling pressure.
Price vs Value: Dont pay extra to invest overseas
Several overseas ETFs are trading far above their NAVs, leaving investors vulnerable if premiums narrow or disappear
Adani Power shares: GQG Partners-managed entities cut stake to 5.72% from 5.74%
GQG Partners entities sold 50.39 lakh Adani Power shares through on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure comes as the stock gains 27.05% in 2026 and the company expands into Bhutanese hydropower.
TCS lifts Dalal Street out of its eight-week rut
Nifty 50 closes 1.30% higher at 22,520.45, adding 288 points, while the BSE Sensex advanced 1.23% to 72,472.33, a gain of 879.09 points
The small-cap mutual fund category has outperformed the mid-cap category in 2026 so far, but does the trend hold over longer periods? While category averages reveal a changing picture across three- and five-year horizons, individual schemes show a wide divergence in performance.
Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. He advocates combining active and passive strategies while monitoring global yields, inflation and valuations to build diversified portfolios.
Bitcoin hovered near $82,000 as geopolitical tensions, rising oil prices and concerns over OpenAI revenue weighed on risk assets, triggering nearly $1 billion in crypto liquidations. Ethereum and major altcoins also declined, while analysts flagged $80,000 as a key Bitcoin support level amid elevated Treasury yields and continued market volatility.
The high court has said Section 125 CrPC aims to prevent destitution. It upholds the Family Courts finding that the wife left the matrimonial home without sufficient reason.
Reissued bonds account for nearly 66% of state borrowings in H1 FY27: Report
In recent years, states have made a substantial impact on their finances by reissuing bonds, which now form a significant portion of their market borrowings. This trend, particularly pronounced over the last two years, illustrates an increased involvement from state governments. Coupled with the Reserve Bank of India's push for greater market transparency, the reissuance of bonds could enhance liquidity, creating a more appealing landscape for bond investors.
Jeffrey Archers secret formula for storytelling success | Overthinkers Anonymous | EP 04
From bankruptcy to blockbusters: decoding brand Jeffrey Archer.
The 30-share BSE Sensex jumped 879.09 points, or 1.23%, to settle at 72,472.33 and the 50-share NSE Nifty rallied 288.65 points, or 1.30%, to end at 22,520.45
Axis Mutual Fund has entered the specialised investment fund category with Accelerate SIF, focusing on risk-adjusted returns and disciplined portfolio management. Nandik Mallik will lead the initiative, with equity and hybrid product launches planned soon.
Rupee rises 16 paise to close at 96.72 against U.S. dollar
Forex traders said the greenback weakened and crude oil prices eased following remarks by Trump that the U.S. would refrain from military action against Iran ahead of the November midterm elections
8th Pay Commission: When can government employees expect salary hikes? Check report timeline
The 8th Pay Commission report is expected by May 2027 under its 18-month mandate. Know the expected salary hike timeline, government approval process, fitment factor demands and whether central government employees may receive arrears from January 2026.
Ambanis Jio said to set IPO price band at 1,065-1,119
The company is targeting a market value of as much as 10.3 lakh crore ($107 billion)
De Beers to open 100 Forevermark stores in India by 2030
Currently, the company has 10 Forevermark brand stores in India, six of which are company-owned and the remaining four are on a franchise model
Airtel Money makes London Stock Exchange debut
Airtel Money has made its debut on the London Stock Exchange after a significant IPO process. The offer price was set at 1.96 per share, with trading beginning conditionally. Initial trading reflected a slight increase as shares were valued at about 2.00 before easing. Bharti Airtel holds a significant stake in Airtel Money through Airtel Africa. Unconditional trading is expected to start on October 14, 2026.
Cupid among 7 stocks that hit 52-week highs; rallied up to 30% in a month
Seven stocks from the BSE 1000 index hit fresh 52-week highs as the Sensex rallied 879 points. Cupid led the list with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and other stocks.
Reliance Jio IPO: Likely price band for India's biggest listing revealed. Check details
Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.
Parag Parikh Flexi Cap Fund added 13 stocks to its portfolio in September, including DLF, Bharti Airtel, Petronet LNG and Indus Towers, while exiting The Great Eastern Shipping Company. The fund held 33 stocks during the month, compared with 34 in August, and did not reduce its exposure to any stock. Its assets under management stood at Rs 1.45 lakh crore, with 9.77% held in cash, debt, money market instruments and arbitrage positions.
Rupee rises 16 paise to close at 96.72 against US dollar
At the interbank foreign exchange market, the rupee opened at 96.74 against the US dollar; in intraday trade, the rupee touched a high of 96.51 and a low of 96.77 against the greenback
Nomura has cut PB Fintechs target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.
Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now?
Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBIs shift to calibrated tightening continue to cloud the market outlook.
MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kelas stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the companys future profitability.
Ageas Federal launches multi-currency life insurance plan at GIFT City
Ageas Federal Life Insurance has launched its first GIFT City product, a multi-currency ULIP that lets customers invest in US dollars, euros or pounds while receiving life cover. The Aurum Advantage Plan is open to customers of any nationality, including NRIs, OCIs and PIOs, with a minimum investment of $3,000, 3,000 or 3,000.
Gold adds over 1% on easing oil prices, softer dollar
Spot gold rose 1.4 per cent to $4,189.99 by 0842 GMT, heading for a weekly gain
A 5 lakh emergency fund needs a balance of quick withdrawals, capital safety and returns. Compare savings accounts, bank fixed deposits and liquid mutual funds, understand their risks and withdrawal timelines, and explore how to allocate emergency savings based on income stability.
Foreign investors withdrew $23.49 billion from Asian equities in September as rising US Treasury yields, inflation fears and tighter monetary policies weakened risk appetite. South Korea and India led outflows, while hedge funds reduced exposure amid persistent market uncertainty.
10% health insurance co-pay could push patients' bill burden to 15-19%
Insurers want a mandatory 10 per cent co-pay on retail health policies for lower premiums, but with non-payable costs, policyholders could end up paying 15-19 per cent of hospital bills.
GST Council: ITC now available on group insurance for employees
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Colgate Palmolive shares surge 7.6% as GST relief boosts FMCG optimism
The Goods and Services Tax Council has approved a series of changes to input tax credit rules, widening the range of business expenses eligible for credit
Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI
US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising the risk of a sharp market correction.
The rise of artificial intelligence is transforming how we analyze data and derive investment insights, yet human judgment plays an irreplaceable role in decision-making processes. Experts caution that merely processing data doesnt assure favorable investment results. Investors should evaluate which insights resonate with their financial goals and risk levels. Financial advisors must embrace technology while safeguarding skills in communication and accountability, particularly during market fluctuations.
Zetwerk said to plan up to $525 mn India IPO next week
Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.
Silver price rises to 2.24 lakh per kg in futures trade
Fresh positions built by participants led to a rise in silver prices, analysts say
22, 24 carat Gold prices up across other cities on October 9
22, 24 carat Gold prices up across metro cities on October 9
e3W sales surge 40% in September; market share rises to 64.9%
Bajaj leads the chart followed by Mahindra and TVS
ITC stock rallies 5%, sees sharpest intraday rally in 6 months; here's why
Top buyers in ITC's block deal on Thursday: Fidelity Advisor Series VIII-Fidelity Advisor Overseas Fund, ICICI Prudential MF, SBI MF, Nippon India MF and Citigroup Global Markets Singapore Pte.
Ravita Engineering Services to raise 116 crore through IPO on NSE Emerge
The company will issue 1.04 crore equity shares in the price band of 105 - 112 a share. The IPO opens for subscription on Tuesday
Global Market: European stocks rebound as oil prices ease; telecom shares slide on SpaceX deal
European shares rebound as easing oil prices and retreating bond yields support sentiment amid hopes of reduced Middle East tensions. Telecom stocks lag after SpaceXs spectrum deal sparks concerns about rising competition for established wireless operators.
Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal
SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.
How Do Family Offices Hunt for Multibagger Startups?
How Do Family Offices Hunt for Multibagger Startups?
CEA Nageswaran pitches for MSME-specific approach to NPA classification norms
V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He highlighted that existing norms do not consider diverse cash flow cycles and working capital requirements. The Chief Economic Advisor pointed out that a uniform global framework is unsuitable for Indias business practices. Additionally, he suggested reducing compliance costs for MSMEs to improve their operational efficiency.
Vaibhav Vyapaar plans to raise 42 crore via IPO on NSE Emerge
The price band for the IPO, which opens for subscription on Tuesday, has been fixed at 51-54 a share
US 10-year Treasury yield could hit 6% as oil prices, debt worries mount: Pimco CIO
The 10-year US Treasury yield could reach 6% for the first time since 2000, according to Pimcos Dan Ivascyn. Rising oil prices, inflation concerns, mounting government debt and bond market pressures threaten financial stability. Higher yields could increase borrowing costs, weaken stocks and corporate bonds, and tighten global financial conditions.
6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%
The Nifty India Defence index rallied 25% in H1 FY27 despite broader market volatility, with 10 defence stocks gaining 50% to 600%. Six stocks, led by Sigma Advanced Systems, Unimech Aerospace, and MTAR Technologies, turned multibaggers by more than doubling investor wealth over six months, ACE Equity data showed.
Pidilite shares rise marginally as company appoints Amit Agarwal CFO-designate
Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company Secretary.
The GST Council on Thursday approved reforms that are scheduled to take effect on 1 April 2027, aimed at reducing the compliance burden on businesses. Here's the full list of changes and what happens to those already facing prosecution.
Explained: Why IT stocks ignored Donald Trumps PERM suspension to gain Rs 70,000 crore in one day
IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.
Anushka Sharma's 44.1-crore Mumbai property deal: 3 apartments on the same floor
Actor Anushka Sharma and her family have purchased three apartments worth a combined 44.1 crore at Godrej Skyshore in Mumbai's Versova. The transactions include individual purchases by Anushka and her parents, as well as a joint apartment purchase by Anushka and cricketer Virat Kohli.
Anup Bagchi to be India's Highest-Paid Bank CEO at HDFC Bank
Anup Bagchi, the incoming MD and CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
Defence, PSU stocks' rally leave little room for error: Master Portfolio MD
Foreign selling and a weak rupee add pressure, and domestic SIP flows cannot absorb everything indefinitely.
Markets stage sharp rebound; IT and consumption stocks lead Nifty past 22,490
Nifty IT index emerges as the best-performing sectoral index, while Nifty Oil & Gas was the sole sectoral laggard
30 lakh in SCSS: Quarterly interest and monthly income equivalent explained
A 30 lakh investment in the Senior Citizens Savings Scheme (SCSS) at 8.2% interest can generate 61,500 per quarter, equivalent to 20,500 per month. Check the October-December 2026 interest rate, eligibility criteria, investment limits, tax rules and withdrawal conditions.
Global IPO market faces setback as high-profile listings are scrapped, delayed in 2026
Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.
KEC Int'l: Why Kotak upgraded stock to 'Add' despite 60% fall in a year
Rising traction in the cables and wires business, along with a strong T&D opportunity pipeline in India, makes KIE bullish on KEC International's stock.
Microsoft: 80% H1-B applications for existing employees
Microsoft has clarified that 80 per cent of its H1-B visa applications in the last fiscal year were for existing employees, not new hires, following its suspension from a US green card programme.
Vedanta shares jump over 3% after Rs 5 interim dividend announcement
Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.
Gold demand drops in India as prices rebound
Consumers are waiting for correction, Indian jeweller says
NCC shares rise 5% on securing 1,286 crore road project order in Telangana
NCC has received a Letter of Acceptance (LoA) from Hyderabad Growth Corridor Limited for a road construction project worth 1,286.03 crore in Telangana.
Gold may draw support from decline in Oct Fed rate hike bet: Mirae Asset
Spot gold has been under tremendous selling pressure due to surging real yields and strong US Dollar.
Global Market: China stocks hit over one-year low as AI selloff deepens; Hong Kong rebounds
Chinese blue-chip stocks fell significantly, marking their lowest point in over a year. The CSI300 Index decreased by 1.3%, while the Shanghai Composite Index dropped 1.2%. Conversely, Hong Kong's Hang Seng Index saw an uptick of 1.1%, driven by a surge in technology stocks. Investor sentiment has leaned towards safer sectors amid concerns regarding currency fluctuations and AI-related investments, highlighting a pervasive caution across both markets.
TCS shares surge 4% post-results; analysts split on outlook
The move brings some relief to investors who have seen TCS shares decline sharply over the past year
TCS: US green card programme suspension won't impact workforce strategy
Tata Consultancy Services (TCS) has stated that the recent suspension of eight IT firms, including itself, from a US green card programme will not impact its workforce strategy or customer engagements, citing its low number of applications and focus on local hiring.
Silver may trade at $58-$61 as dollar, yields weigh, says Mirae Asset
In near-term, silver is likely to range trade between $58 and $61. Interim resistance is at $60. Major hurdle is at $64.50.
Global Market: Singapore likely to tighten monetary policy as growth and inflation risks mount
Singapores central bank is widely expected to tighten monetary policy on October 14 as resilient economic growth and rising inflation risks persist. Geopolitical tensions, higher oil prices and potential food supply disruptions are adding pressure. Economists anticipate a modest Singapore dollar appreciation adjustment, balancing inflation control with economic stability amid global uncertainty.
HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%
HDFC Banks market capitalisation stands at 10,85,392.16 crore
NSDL hits new low, down 8% vs IPO; CDSL up 748%; analysts decode divergence
NSDL hit a new lifetime low on Friday; the stock shed 7% in FY27 and was down 48% from its peak. CDSL gained 13% so far this fiscal but has declined 38% from its December 2024 summit.
HDFC Bank, SBI, Federal, Canara Bank up 2%; what's driving banking stocks?
Analysts at Kotak Institutional Equities believe the rate hike cycle poses limited risk for banks, given healthy balance sheets, tighter underwriting standards and stronger borrower fundamentals.
Global Market: Maas Group shares plunge 11% after Nvidia-backed Firmus scraps $5 billion IPO
Maas Group shares plunged nearly 11% after Nvidia-backed Firmus withdrew its planned $5 billion IPO, raising valuation concerns. Despite the setback, contracts worth A$1.1 billion remain intact, providing revenue visibility amid uncertainty over Firmus's funding strategy and AI infrastructure valuations.
Bonfiglioli eyes 2,500-crore IPO as India arm powers 31% of group EBITDA
For investors, the opportunity extends beyond its established industrial operations to new growth avenues in heavy-duty gearboxes, infrastructure equipment and electric mobility
Ramesh Nair, MD and CEO of Mindspace REIT, explains how investors should approach REITs as part of a diversified portfolio. He discusses the importance of looking beyond distribution yields and assessing total returns, occupancy, growth prospects, balance-sheet strength and interest-rate risks. Nair also weighs the impact of AI on office demand and outlines the potential for Indias REIT market to expand.
15,410% rally in 5 years! Multibagger Cupid shares jump 3% to hit fresh 52-week high
Cupid shares jumped hit a fresh 52-week high of Rs 368 on Friday, extending their rally for a fourth straight session. Earlier this month, Cupid raised its FY27 revenue and profit guidance for the second time in less than two weeks, targeting revenue of Rs 800 crore and net profit of Rs 250 crore for the financial year.
Sensex rally today may end 8-week losing run; can it last? Experts weigh in
Today's rise puts Sensex and Nifty on track to end in the green and end their eight-week losing streak during which they lost 8-9 per cent.
Europes diesel shortage could lift Reliances O2C earnings 38% to 20,700 crore in Q2
The O2C business is expected to account for nearly three-fourths of Reliance Industries projected 7,800-crore increase in core EBITDA
Why is Broadcom stock falling despite strong AI demand?
Broadcom shares fall despite strong AI demand as concerns over OpenAIs financing, revenue outlook and elevated spending expectations weigh on sentiment. Investors assess whether AI infrastructure growth can sustain chipmakers ambitious revenue targets.
Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths
Jefferies noted that Kalyan Jewellers is among India's largest organised jewellery retailers, with over 500 showrooms globally and 7 per cent share of the organised jewellery market.
Credit utilisation measures how much of your total available credit you use. Using your credit card heavily can lead to lower credit. Here's why it happens and how to avoid it.
Absence of AI in equities will become India's strength in a year: CEA
Nageswaran said foreign investors could return to Indian equities if the AI boom falters, citing strong growth, manageable external deficits and healthier corporate balance sheets
Chipotle shares rally: What investors should know about the Starbucks deal
Chipotle shares surged on reports of a potential Starbucks acquisition, sparking takeover speculation. Despite the rally, slowing sales, rising costs and margin pressures remain concerns for investors evaluating recovery prospects and future earnings growth.
Thermax share price soars 7% on renewal energy arm stake sale buzz
According to reports, Thermax plans to divest over 51% stake in its renewable energy subsidiary First Energy, with an estimated enterprise value of 3,000 crore.
