29 C 
HFCL Q2 Results: Profit zooms 448% YoY to Rs 394 crore; stock hits 5% upper circuit
HFCL reported a 448% year-on-year jump in Q2FY27 net profit to Rs 394 crore, compared with Rs 71.92 crore a year ago. Revenue surged 144% to Rs 2,542 crore, while EBITDA rose 224% to Rs 658 crore. EBITDA margin expanded 640 basis points to 25.89%. The optical fibre and AI beneficiarys stock hit the 5% upper circuit at Rs 268.70 on the BSE and has gained nearly 300% so far this year.
Rupee drifts higher, traders gauge if rally has legs to extend
It was last at 94.8225, up 0.1% from its closing level on Friday, hovering around its strongest in over a month
Luggage makers pin hopes on the festive, wedding seasons to drive growth
Companies hope stronger seasonal demand will help, though recovery may not erase earlier weakness.
HDFC Bank vs ICICI Bank: One has the growth, the other has the valuation edge. Which stock to buy?
ICICI Bank has outperformed HDFC Bank in 2026, supported by stronger loan growth, deposits and profitability. While ICICI commands a valuation premium, HDFCs 28% stock decline has created a potential recovery opportunity. Brokerages see scope for HDFCs margins to improve, but narrowing the growth and funding gap remains key.
How to trade Tech Mahindra shares after 22% rally in 4 days? Technical expert weighs in
Tech Mahindra shares fell 2.1% after a sharp post-results rally, as investors booked profits. Brokerages remain divided, with Nuvama projecting 25% earnings growth over two years, while Nomura maintains a Neutral rating amid a focus on future growth and margins.
India bonds rise after flat open as sharp drop in US yields spurs value buying
The Indian government bond market saw a positive turnaround as US Treasury yields declined, prompting significant value purchases. The benchmark 6.94% bond maturing in 2036 observed a yield of 7.3551% in morning trading. Concurrently, oil prices dipped, fueled by expectations of improved supply following lifted sanctions on Russia. With India's consumer inflation rising to 5.54%, the Reserve Bank of India may respond with tighter financial conditions amidst ongoing capital outflows.
Jio Platforms IPO GMP signals 22% potential listing gain; issue opens on October 21
Jio Platforms Rs 30,213-crore IPO will open for subscription on October 21 and close on October 23, 2026. The issue comprises a fresh issue of 27 crore equity shares, with allotment expected on October 26 and listing tentatively scheduled for October 28 on the BSE and NSE.
Yes Bank's AT1 bond revival wont trigger cash outflow, says CEO Tonse
Chief executive officer Vinay Tonse said the exercise would be a balance-sheet adjustment.
FCNR(B) Inflows Weigh on Private Bank Q2 Margins, Future Recovery Anticipated
Leading private banks in India, including HDFC Bank, ICICI Bank, and Axis Bank, experienced a decline in net interest margins (NIMs) during the second quarter of the financial year due to significant deposit mobilisation under the Foreign Currency Non-Resident (Bank), or FCNR (B), scheme. However, banks anticipate a recovery in margins in the coming quarters as these funds are deployed and the interest-rate cycle supports lending yields.
How you can gift stocks, mutual funds this festive season
Gifting financial assets such as stocks and mutual funds during the festival season provides long-term value, with distinct transfer steps and tax implications depending on demat status and recipient relationships.
Trend reversal? Analyst identifies Havells India, NTPC, Birlasoft on charts
NTPC stock is showing early signs of a potential reversal, as it trades near its long-term support (200-week EMA) on the charts, says Sachin Gupta of Choice Broking.
XUV 3XO ZNG: A game-changer CNG SUV
Mahindra introduces the XUV 3XO ZNG, a compact SUV with a factory-fitted twin-cylinder CNG setup that aims to overcome common compromises in performance, drivability, and boot space. This first drive review highlights its turbocharged engine, clever packaging, refined performance, and robust ride quality, positioning it as a strong contender in the CNG SUV market.
Gold, silver prices rise as traders pare bets on October Fed rate hike
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $57.60 per ounce
Did Mutual Funds Stop Gold Investments? What Investors Need to Know
Did Mutual Funds Stop Gold Investments? What Investors Need to Know
Cyient DLM plunges 24% in two days; what's making the Street nervous?
Cyient DLM's share price dropped 13% on Monday's trade. Analysts reckon Q2 was a transitory modest quarter while the business seems well-poised for multi-year strong growth phase.
Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Stronger net interest income and improving asset quality prompted bullish brokerage calls, with Jefferies, Motilal Oswal and JM Financial setting target prices of Rs 140 apiece.
Ixigo shares zoom 13% as PAT hits record high in Q2; MOFSL stays 'neutral'
Ixigo delivered an all-time high consolidated PAT of 63.42 crore in Q2 FY27, aided by partial sale of stake in Freshbus.
Global markets face fresh volatility as earnings season gains pace
A look at key global market drivers this week, from US corporate earnings and Chinas economic data to bond yields, Brazils election and central bank policy decisions.
PC Jeweller shares soar 26% in just two sessions. Heres whats triggering the sharp surge
PC Jeweller shares rallied 26% in two sessions after Cupid promoter Aditya Kumar Halwasiya bought 5.10 crore shares worth Rs 73.60 crore. The jewellery maker recently repaid its dues to 14 consortium banks, achieving debt-free status ahead of schedule.
Stock Markets on October 19: Sensex, Nifty Down in Volatile Trade
Indian benchmark equity indices, Sensex and Nifty, significantly recovered from sharp early losses, driven by buying in State Bank of India and Reliance Industries, alongside fresh foreign fund inflows, despite declines in Axis Bank and HDFC Bank.
Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming
Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment shifts.
Kross shares rally 16% after Q2 profit jumps 143% YoY; stock hits 52-week high
Kross shares surged following strong Q2 FY27 results, with revenue rising 80% and net profit climbing 143% year-on-year. EBITDA more than doubled, while margins improved. Robust commercial vehicle demand, capacity expansion and operational efficiencies supported growth, alongside increased institutional shareholding and the stock reaching a fresh 52-week high.
The NSE and BSE will remain closed on October 20 for Dussehra. With 12 of the 16 scheduled stock market holidays for 2026 already passed, three more holidays remain after the October closure. These include Diwali-Balipratipada on November 10, Guru Nanak Jayanti on November 24 and Christmas on December 25.
Urban Company shares fall 10% as Q2 net loss widens despite revenue growth
Urban Company's consolidated net loss widened to 182.48 crore in the July-September quarter of FY27. The company had posted a net loss of 59.33 crore in the year-ago period.
Global Market: Chinas yuan hits four-year high as strong GDP data ease stimulus concerns
Chinas yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and improving retail sales. A weaker dollar and increased corporate currency conversions also supported gains. Investors now await Chinese policymakers signals on monetary policy, currency management and further economic stimulus measures.
Ixigo shares rally 13% after travel platform reports all-time high profit
Ixigo shares jumped after the travel platform reported a record Q2 profit of Rs 63.42 crore, partly boosted by the sale of its stake in Freshbus. Gross transaction value rose 22% year-on-year to Rs 5,304.47 crore, while revenue grew 13% to Rs 320.96 crore and contribution margin increased 14% to Rs 124.86 crore.
Global Market: Japans Nikkei falls 2% as tech selloff, rising oil prices fuel inflation fears
Japans Nikkei 225 fell as US technology stock losses and rising oil prices heightened inflation and interest rate concerns. Semiconductor stocks led declines, while defensive and value shares offered potential support. Bank of Japan Governor Kazuo Ueda highlighted inflation near the 2% target, keeping monetary policy expectations in focus.
Balrampur Chini, other sugar stocks slide up to 6% as govt halts diversion to ethanol
Indian sugar stocks dropped in early trading following the government's directive to cease sugar diversion for ethanol production. The decision impacts major sugar companies like Balrampur Chini Mills and Bajaj Hindusthan Sugar, which experienced a decline between 2% and 6%. This directive aims to enhance domestic sugar availability amidst rising prices. The government's action follows concerns about potential production shortfalls due to insufficient rainfall.
India sugar stocks slide as government halts sugarcane-based ethanol diversion
The latest ethanol tender excludes supplies produced from sugarcane juice, sugar syrup and B-heavy molasses, cutting off an important higher-margin outlet for sugar mills
Rupee rises 9 paise to 94.80 against U.S. dollar in early trade
Forex traders said the rupee has witnessed its sharpest rally in seven months. However, the surge in Brent crude oil to $110 per barrel poses the biggest threat to this recovery.
Global Market: Japan bond yields fall as US tech selloff fuels safe-haven demand
Japanese government bond yields fell as a selloff in US technology stocks triggered demand for safer assets. Prime Minister Sanae Takaichis pledge to control debt issuance also supported sentiment, while Bank of Japan rate expectations remained in focus.
Axis Bank shares fall 5% despite 39% rise in Q2 net profit; here's why
MOFSL said that Axis Bank's elevated opex led to slight earnings miss in Q2. The strong NII growth and lower-than-expected provisions were offset by elevated opex and softer treasury income.
PNB has comfortable capital buffer, targets 15% credit growth this year, says CEO Chandra
The state-owned bank has no plan to raise capital in the current financial year.
Tech picks: Indian Hotels among 5 stocks to buy for healthy returns in short term
The Indian stock market is rebounding, powered by robust investments in IT sectors and encouraging earnings reports. Analysts highlight five stocks as prime buying opportunities, projecting solid short-term gains. Indian Hotels, Lemon Tree, and Supreme Industries make the list. While technical indicators show strong demand, investors are cautioned about looming global inflation and geopolitical tensions.
Bulls retreat as Sensex falls over 300 points, Nifty slips below 23,100. What's next for D-Street?
The Indian stock market took a hit on Monday after a considerable rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses. Nevertheless, firms like SBI and UltraTech Cement managed to post gains. The PSU Bank index rose, providing a stark contrast to the declining private banking sector.
Karur Vysya Bank hits new lifetime high, up 8% in two days post Q2 results
Karur Vysya Bank's share price hit a record high of 375 in Monday's trading session on the NSE. Equirus Securities and Elara Capital pegged upside targets of 400 and 415, respectively.
Holding company discount after Jio IPO: What is it & how will it impact RIL shares?
Jio Platforms is preparing to unveil its initial public offering, enhancing its valuation significantly. Analysts foresee a potential reduction in the holding company discount for Reliance Industries post-IPO. While some experts believe the anticipated changes are already included in the stock's valuation, the true effect on RIL shares will hinge on Jio's profitability and future dividend plans.
Global Market: South Korean shares fall as AI investment worries weigh on chipmakers
South Koreas Kospi fell as AI investment concerns triggered technology stock selling, although dip buying helped recover early losses. Semiconductor shares remained weak, while automakers, battery makers and select heavyweight stocks gained. Foreign investors were net sellers, while currency and bond markets showed mixed movements amid ongoing global market uncertainty.
HDFC Bank shares fall 2% after Q2 results. What are Jefferies, Motilal Oswal analysts saying?
HDFC Bank shares fell up to 2% after the lender reported a 4.6% year-on-year rise in Q2 FY27 net profit to Rs 19,510 crore. Jefferies, Motilal Oswal, Systematix and Emkay retained positive ratings, citing margin recovery potential and leadership transition.
Urban Company shares fell sharply on Monday after its Q2FY27 net loss more than tripled YoY to Rs 182 crore, driven by investments in InstaHelp. Revenue rose 41% year-on-year to Rs 537 crore. Motilal Oswal maintained a Neutral rating but cut its target price to Rs 165, citing profitability concerns and balanced risk-reward.
ICICI Bank share price target after Q2 results: What are Jefferies, other analysts saying?
ICICI Bank shares rose after Q2FY27 net profit increased 20.1% year-on-year to Rs 14,843 crore, while net interest income grew 17.7% to Rs 25,339 crore. Jefferies maintained its Buy rating with a target price of Rs 1,750, implying 25% upside, citing improving margins and expectations of 16% core profit CAGR over FY26-29.
US Market: Wall Streets AI rally faces test as Meta earnings loom
Wall Streets AI-driven rally faces a crucial test as Meta, semiconductor makers and major companies report quarterly earnings. Investors will scrutinise AI infrastructure spending, profitability prospects, valuations and chip demand. Rising Treasury yields and potential Federal Reserve rate hikes add uncertainty, raising questions about the sustainability of technology-led market gains.
11 years, zero net FII flow: How a $64 billion outflow erased 9 years of equity buying
Foreign institutional investors have dramatically pulled back from Indian equities, reversing nearly nine years of consistent investment. A massive $63.6 billion in outflows occurred, particularly pronounced in 2026. Industries suffering the most include financial services, automobiles, and oil and gas. Although domestic investors have somewhat mitigated the foreign sell-off, the prospects for renewed foreign investments appear grim, with rising bond yields and energy costs dampening interest.
Bonfiglioli Transmissions IPO Day 3: GMP at 22%, issue subscribed 99%; Should you apply?
Bonfiglioli Transmissions Rs 2,534-crore IPO entered its final day of bidding on October 19, with the grey market premium (GMP) easing to 22% from 30% earlier, indicating moderating expectations for listing gains. The IPO is entirely an offer for sale (OFS) of 4.32 crore shares, meaning the company will not receive any proceeds from the issue.
Sahajanand Medical Technologies IPO Day 3: GMP at 7%; check subscription status and key details
Sahajanand Medical Technologies IPO enters its final bidding day with 82% subscription on Day 2 and a 7% grey market premium. The Rs 475.48 crore offer is entirely an offer for sale. Investors will monitor subscription trends, listing expectations and strong FY26 profit growth before the shares debut.
India bonds to decline on elevated oil, hawkish RBI
The benchmark 6.94% 2036 bond yield may trade between 7.37% and 7.42%
Crude fears clip wings; Axis Bank dives 3.84% as Sensex, Nifty open flat
Technically, the Nifty faces immediate resistance at 23,15023,200, with support at 23,00022,900. Bank Nifty must clear the 56,00056,100 zone to confirm that the recovery is broadening beyond IT
Gold and silver prices today, 19 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Must Watch! The Lady Who Changed Indian Banking
By the time she finished her term as SBI chairman, she was overseeing over two lakh employees, 24,000 domestic branches, 100 international ones and a bank that had stepped into the technological age and become youth-friendly. Meet Arundhati Bhattacharya, the first woman chairman of the State Bank of India and president and CEO, Salesforce, South Asia.
ICICI Bank gains 1% post Q2 results; analysts upbeat on asset quality
ICICI Bank reported a 20.1 per cent year-on-year rise in standalone net profit to 14,843 crore in the July-September quarter of FY27.
Axis Bank reported a 38% year-on-year rise in standalone net profit to Rs 7,003 crore in Q2 FY27, while net interest income rose 12%. Jefferies retained its Buy rating, while Centrum Broking and Dolat Capital lowered their target prices.
Rupee likely pinned near 95 as RBI defence counters oil headwinds
The rupee is expected to open in a 94.92 to 94.98 range, per traders, having settled at 94.96 to the dollar on Friday
Bajaj Finserv Share Price Live Updates: Bajaj Finserv News
Bengaluru's Namma Metro Pink, Blue lines may open by May 2027, trial runs likely in Oct-Nov: Report
Bengaluru Metro Rail Corporation Limited (BMRCL) Managing Director PC Jaffer confirmed to the outlet that the corporation aims to run trains on Pink Lines underground section up to Shivajinagar by the end of October or in November.
Eicher Motors Share Price Live Updates: Eicher Motors Current Trading Status
RBI announces $10.5 billion liquidity infusion via repo
The RBI will infuse up to 1 trillion rupees ($10.53 billion) through the operation, which traders said must be to help lenders tide over tax outflows amid tightening of the daily cash reserve requirement.
Tata Motors PV Share Price Live Updates: Tata Motors PV Struggles Below Support Level
IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoY
IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying profitability, margins, asset quality, deposits and advances showed improvement. Meanwhile, Fairfax Financials proposed 60.72% stake acquisition marks a major milestone in the banks privatisation.
What is a boss scam? 5 ways to protect yourself from CEO fraud
A Chennai firm allegedly lost 1.90 crore after a WhatsApp message posing as its managing director, leading to a Delhi arrest. Heres how the boss scam works, the warning signs of CEO impersonation fraud, and five steps to verify payment requests and report cyber fraud on helpline 1930.
Tonbo Imaging India IPO Day 3: GMP at 74%, issue subscribed over 7x. Check key details
Tonbo Imaging Indias IPO closes amid strong investor demand, with 7.78 times subscription by Day 2 and a grey market premium of 74%. The Rs 852.18 crore issue is entirely an offer for sale. Investors will track allotment, listing expectations and the defence technology companys declining FY26 financial performance.
HDFC Life Share Price Live Updates: HDFC Life Stock Details
UltraTech Cem Share Price Live Updates: UltraTech Cement's Daily Performance
L&T Finance among 4 F&O stocks with a sharp rise in futures open interest
A slideshow exploring four NSE F&O stocks that witnessed a sharp increase in futures open interest on October 16, highlighting changing market participation and notable shifts in derivatives activity.
U-turn from regulator may be new lifeline to Indian derivatives
The return of a stable settlement system in India's equity-derivatives market could signal a promising recovery. Following the tumultuous closure auction process introduced in August, regulators are aiming to restore order. Market players are optimistic that this newfound clarity will not only enhance trader confidence but also boost derivatives trading volumes over time.
Mutual fund inflows insufficient to lift markets: Manish Jain, Choice MF
Manish Jain, Deputy CEO of Choice Mutual Fund has said that mutual fund inflows are not sufficient to lift the market alone. He added that domestic money sets the floor only, and not the ceiling.
Q2 Results Today, 19th October 2026 Live Updates: Stay tuned to businessline for more
Axis Bank Share Price Live Updates: Axis Bank's bearish movement below EMA
UPL Share Price Live Updates: UPL Falls Below Key Moving Average
Sebi's CAS rollback may offer new lifeline to Indian derivatives market
The reversal could provide a much-needed boost to a market grappling with regulatory curbs aimed at reining in speculative trading
HFCL among 3 stocks closing above VWAP
HBL Engineering, SPR Auto Technologies and HFCL featured in StockEdges VWAP scan on October 16, with closing prices more than 2% above their volume-weighted average prices.
Grasim Inds Share Price Live Updates: Grasim Inds. News
Apollo Hospital Share Price Live Updates: Market Update: Apollo Hospital's Price Movement
Nestle India Share Price Live Updates: Nestle India Trading Insights
HBL Engineering among 4 stocks showing RSI trending up
HBL Engineering, Authum Investment & Infrastructure, SPR Auto Technologies and Thangamayil Jewellery featured in StockEdges RSI Trending Up scan on October 16.
IndusInd Bank Share Price Live Updates: IndusInd Bank Stock Details
SBI Life Share Price Live Updates: SBI Life Stock Details
HDFC Bank Share Price Live Updates: HDFC Bank's price action signals a bearish trend
TCS Share Price Live Updates: TCS Trading Update
Oil, foreign flows in focus for rupee; bond traders eye rate-hike bets
During the upcoming holiday week, analysts predict the Indian rupee will remain steady, with oil price trends and foreign capital flows playing essential roles. Impressively, the rupee rose by 2% last week, achieving its highest value since March at 94.96. The Reserve Bank of India is undertaking assorted measures aimed at strengthening the rupee while addressing inflation worries.
Bharti Airtel Share Price Live Updates: Bharti Airtel's Current Trading Price
Wipro among 4 stocks showing White Marubozu pattern
Wipro, Authum Investment & Infrastructure, KPIT Technologies and HFCL featured in StockEdges White Marubozu scan on October 16, reflecting strong upward price momentum.
ITC Share Price Live Updates: ITC Stock Details
Divis Labs Share Price Live Updates: Divis Labs Current Trading Status
JSW Steel Share Price Live Updates: JSW Steel's Current Price and Performance
Hindalco Share Price Live Updates: Hindalco's Current Market Price
Adani Ent Share Price Live Updates: Adani Ent. Stock Details
HCL Tech Share Price Live Updates: HCL Tech Sees Positive Movement
Asian Paints Share Price Live Updates: Asian Paints Price Movement Analysis
Wipro Share Price Live Updates: Wipro Stock Details
HUL Share Price Live Updates: HUL's Market Update
