The Economic Times

IT stocks rebounded on Wednesday, with TCS, Wipro and Coforge snapping an eight-session losing streak. The Nifty IT index rose nearly 3%, aided by a stronger US dollar and higher US bond yields, though brokerages remain cautious ahead of the Q2 earnings season.

Nifty enters the October series after a 6.7% fall in the September series, its worst in 25 years. Foreign investors sold Rs 25,662 crore of Indian equities, while bearish futures positions increased. The index is also testing its 200-week moving average, making 22,600 a key technical level for investors.

STL Networks shares rose 5% after emerging as the lowest bidder for a Rs 249.8 crore RailTel contract to deploy cloud infrastructure at data centre and disaster recovery sites. The company is also planning a wholly owned subsidiary focused on data centres and connectivity. Its stock has gained sharply in recent months.

Avalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the companys equity. Three promoter entities were reported to be the likely sellers. The transaction is estimated to be worth between Rs 861.9 crore and Rs 922 crore.

KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.

Chinese blue-chip stocks stayed near one-year lows despite Beijings latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.

Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesdays close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.

India is undergoing a remarkable transformation as more individuals choose entrepreneurship over conventional careers. The influx of technology and digital tools presents new avenues for small enterprises to flourish.

US troops are set to leave their last bases in Iraq, but Washington will retain significant economic leverage through Iraqs oil revenues, which remain held at the Federal Reserve Bank of New York. The arrangement supports financial stability and dollar access, but has also given the US influence over Baghdad and helped enforce pressure on Iran-linked financial networks.

uniQure shares plunged after four-year data for Huntingtons gene therapy AMT-130 showed weaker disease-progression slowing than earlier results. While 48-month TFC data remained encouraging, the cUHDRS effect was not statistically significant. Investors are now focused on FDA review and whether the therapys earlier benefits can demonstrate durability over time.

Brother-in-law caught with Rs 4.34 lakh foreign currency; tax officer sent notice; Brother wins case in ITAT Delhi as sister-in-law said its her cash which she needed for work travel so kept in brothers house for safe keeping.

Inox Clean Energy has filed its DRHP for a Rs 10,000 crore IPO with Sebi. The issue includes a Rs 8,000 crore fresh share sale and Rs 2,000 crore OFS. The company has a 9.29 GW renewable power portfolio and 6 GW solar module manufacturing capacity across India and the US.

Bank of America Securities has revised its forecast for the Reserve Bank of Indias interest rate hikes. It now anticipates a total increase of 100 basis points by mid-2027. The first hike is expected during the monetary policy meeting in October. Economic growth remains strong, while inflation risks are increasing, prompting the RBI to adjust its monetary policy.

Priya Ghanghas earned a bronze medal in her debut after losing to Yang Chengyu in the semifinals. Indian boxers have improved their medal tally from the last edition with six medals. Parveen Hooda and Ankush Panghal are already in the finals for their categories. Narender Berwal previously secured a bronze medal in the superheavyweight division. Lovlina Borgohain and Kapil Pokhariya are aiming for gold later today.

Here are 10 small-cap stocks that could see the sharpest inflows and outflows.

DPIITs logistics division is also drafting guidelines for multimodal logistics parks (MMLPs).

When it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications is crucial. NRE deposits provide tax-free interest earnings in India, making them advantageous for NRIs. On the other hand, interest from NRO fixed deposits incurs TDS.

Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant, with the contract spanning five years.

Indian shares traded mixed as easing oil prices supported sentiment, while surging US bond yields kept investors cautious. Sensex gained around 130 points, while Nifty slipped below 22,700 amid weak global cues.

Cupid shares surged 7% after entering the Nifty Smallcap 250 index, extending gains to 16% in two sessions. The company has raised FY27 revenue and profit guidance following strong quarterly growth. Nuvama estimates around $10 million in potential inflows, while Cupid targets continued expansion across healthcare exports and consumer businesses.

Indian equities face continued pressure from global uncertainty, crude prices and foreign investor outflows, but analysts see domestic resilience and moderating valuations providing support. The Nifty has become relatively cheaper after its recent correction, with earnings still growing. However, the near-term outlook hinges on the index holding 22,600 and attracting sustained buying to prevent an eighth consecutive weekly decline.

A toddler at Children's World Early Learning Center in Canton Township pulled a loaded handgun from a backpack. A teacher acted swiftly to take the gun away and ensured no one was harmed during the incident. One parent was taken into custody, while the daycare has since disenrolled the family involved in the situation.

Three individuals from Gujarat went missing in Ethiopia after traveling illegally to the United States. Their families report that the group paid agents 70 lakh each for their journey to the US. After arriving in Ethiopia, the families claim the group was abducted and 1 crore was demanded for their release. A missing persons complaint was lodged after the family lost contact on September 22.

Gold and silver prices rebounded on the MCX on Wednesday, snapping a three-day losing streak as investors awaited US inflation data and the Federal Reserves policy cues. Expectations of higher interest rates continued to weigh on bullion demand. Traders are also tracking the US nonfarm payrolls report, while analysts advise caution amid market volatility and outline key support and resistance levels for gold and silver.

Japans Nikkei rose 1.3% on Wednesday, led by AI and semiconductor stocks, while banking and shipping shares also advanced. SoftBank, Tokyo Electron and Advantest gained, though overall market breadth remained weak.

Medication prices in Iran have surged drastically due to US sanctions and ongoing conflict, creating significant hardships. Families are struggling to find essential medications, impacting their financial stability and well-being. Pharmaceutical imports have become increasingly difficult due to naval blockades and sanctions against airlines. The Iranian government is facing pressure to manage healthcare supplies amid concerns regarding shortages.

Indias IPO market is on track for another strong year after raising over $13 billion so far, including a record $9 billion in the third quarter. Large deals and strong domestic demand support the pipeline, with numerous companies awaiting approvals. However, market volatility, investor selectivity and valuations could influence upcoming issuance and timing.

Mark Carney has gained prominence in 2026 through his confrontational approach towards Donald Trump over trade issues. His rising international profile has resulted in speculation regarding the potential for him to receive the Nobel Peace Prize. As the prize announcement date approaches, prediction markets indicate fluctuating chances for Carney's likelihood of winning. In addition to the Nobel discussions, he is also a contender for Time's Person of the Year.

Federal Reserve Governor Michael Barr said elevated energy prices and AI-driven investment are complicating progress toward the 2% inflation target. He indicated further rate increases may be needed, while noting resilient employment and stronger growth. Markets expect another 25-basis-point hike in October as policymakers balance inflation risks against labour-market conditions.

During a recent press interaction, US President Donald Trump humorously referred to Google CEO Sundar Pichai as a 'monster'. Trump's playful comment emphasized how little people know about Pichai and stressed his name distinctly. In response to the compliment, Pichai made a light-hearted joke regarding the situation. This unexpected exchange between them captured attention and prompted reactions online. The moments showcased the humorous dynamics of their relationship during the engagement.

Chinas yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, stronger factory activity and a weaker U.S. currency. The yuan has gained 4.3% this year. Beijings latest measures to support infrastructure, technology and housing also improved investor sentiment and economic recovery expectations.

LTM, ABB India and Kaynes Technology India closed more than 2.5% below their respective VWAPs on September 29.

South Korean shares slipped on Wednesday as elevated bond yields pressured sentiment, with the KOSPI heading toward its steepest quarterly decline since early 2020. Foreign investors sold stocks worth 519.1 billion won. Weak factory output, mixed performances among major companies and global rate concerns added to market uncertainty.

On September 30, investors will witness the debut of five small and medium-sized enterprise IPOs, including Coreintegra Consulting and Pooja Logistics. Among these, Liqvd Digital stands out with an impressive subscription rate of 5.08 times. Coreintegra and Pooja also performed well, with subscriptions of 1.40 times and 3.11 times, respectively, while S.K. Offset and Unitec Fibres showed lower but notable interest.

Foreign portfolio investors saw a notable outflow of $2.7 billion from Indian equities in September, marking the most significant withdrawal in the past six months. This trend has been driven by escalating oil prices and a tightening of global monetary policies. The rise in crude prices is straining India's current account and inflation expectations, which is weighing heavily on the rupee.

Vishal Nirmiti IPO opens on September 30 with a Rs 178-crore issue, comprising fresh shares and an OFS. The IPO has a Rs 208220 price band and a Rs 6 grey market premium.

On September 29, three stocks closed more than 3% above their respective VWAPs, according to StockEdges technical scan data, indicating stronger closing prices relative to volume-weighted averages.

Nityas Gems & Jewellery IPO opens on September 30 with a Rs 108.35-crore fresh issue. The IPO has a price band of Rs 7075 per share, while the grey market premium stands at Rs 5.

Lenskart Solutions reported a 182.3% YoY rise in Q1 FY27 net profit to Rs 228 crore, while revenue grew 33.6% to Rs 2,214 crore. EBITDA margin improved to 21.7%, with growth across domestic and international markets. The company also reported strong demand for both affordable and premium eyewear, highlighting the scaling potential of its international business.

A fire broke out in the pantry car of an empty Mumbai-Howrah train at Chhatrapati Shivaji Maharaj Terminus. The incident happened early Wednesday morning, around 3.40 am, with no passengers present. Fire brigade personnel were notified and arrived within minutes to control the situation. The blaze was effectively extinguished shortly after 4 am, preventing any injuries. Central Railway confirmed that no casualties occurred during this incident.

At a recent White House luncheon, President Trump announced the reclassification of Artificial Intelligence to Super Intelligence. He stated that an official document would be signed to formalize this change. The meeting included major tech executives, focusing on collaboration with local communities for data centers. Trump emphasized the importance of safety and responsible development of Super Intelligence technologies.

Samajwadi Party MPs Harendra Malik and Maulana Mohibbullah Nadvi will attend the INDIA alliance meeting on Wednesday. This meeting will focus on discussing crucial issues including the Special Intensive Revision process. SP national president Akhilesh Yadav will not participate due to other commitments, including a farmers' conference. Congress President Mallikarjun Kharge has criticized the Chief Election Commissioner for undermining democratic processes.

Four Nifty 500 stocks, including MTAR Technologies, Mankind Pharma, CMPDI, and PTC Industries, formed a White Marubozu bullish candlestick pattern on September 29. Technical data from StockEdge indicates strong upward momentum across these counters, as closing prices touched session highs, signaling sustained buying interest among market traders.

Eight SME IPOs TNA Solutions, Omara Ventures India, Sollfege Smart Electronics, Eventions, Acme India Industries, Paramount Syntex, SJP Ultrasonics and Dove Soft open for subscription today, September 30, collectively seeking to raise around Rs 440 crore. Seven will list on BSE SME, while Eventions will debut on NSE SME.

BSE will enter the Nifty 50, replacing Wipro in the semi-annual index rejig, potentially attracting $668 million in inflows. Wipro could face $230 million in outflows after exclusion. BSE has delivered strong long-term gains, while Wipro has declined sharply in 2026 amid pressure on Indian IT stocks and sector concerns.