The Economic Times

On Tuesday, Indian government bonds rebounded, marking the end of a four-day downturn spurred by softer US Treasury yields and declining crude oil prices. Despite this rally, apprehensions linger over persistently high global yields and the risk of inflation. The Reserve Bank of India may soon increase rates, complicating the bond landscape further. Additionally, significant factors like banking system liquidity and debt supply continue to challenge the market.

Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMCs extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.

The Sensex fell 242 points to 72,529 as five BSE Healthcare Index stocks touched fresh 52-week lows. Medico Remedies, Pfizer, AstraZeneca Pharma India, Sanofi Consumer Healthcare India and Eris Lifesciences recorded their lowest prices in a year.

Nifty slipped below its 200-week moving average near 22,600 for the first time since the Covid crash, hitting 22,569 intraday. Analysts are watching whether the index can reclaim the key support, with 22,800 acting as immediate resistance amid sustained market pressure.

Fitch Ratings has revised Oyo parent PRISMs outlook to Positive from Stable while affirming its B ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment.

The Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the currency. RBI intervention helped the rupee recover and close at 95.98, but economists expect gradual depreciation over the longer term amid persistent external pressures.

Indian equities extended their decline on Tuesday, with Nifty and Sensex hitting fresh six-month lows. Broader markets also weakened, while Realty, Consumer Durables and Chemicals led sectoral losses. Bearish market breadth persisted despite gains in Metals and Pharma indices.

Cupid shares jumped 10% to Rs 291 after the companys inclusion in the Nifty Smallcap 250 index, effective September 30. The stock has surged 250% in six months, while strong June-quarter growth and raised FY27 guidance strengthen its growth outlook.

Indian spinner Sree Charani has reached the highest rating points ever recorded in the ICC Womens T20I Bowling Rankings, following a string of stellar performances in recent tournaments, as reported by the ICC website.The left-arm spinner, who currently holds the top spot among T20I bowlers, attained a record-setting rating of 817 points. In doing so, she broke the previous record of 806 points set by Australias Megan Schutt in November 2018.Charani served as a cornerstone of Indias triumphant c

Telangana BJP President N Ramchander Rao has condemned comments made by Chief Minister A Revanth Reddy. Reddy suggested a division between Lord Ram and Lord Shiva based on socio-economic status. Rao accused him of trying to divide the Hindu community for political gain. BJP leaders warned that such remarks would negatively impact the Congress party in upcoming elections.

Germany's 10-year bond yield experienced a slight decrease after reaching a 17-year high recently. Rising global interest rates are driven by strong economic growth and elevated energy prices. The European Central Bank may implement additional rate hikes to combat inflationary pressures. Money markets are pricing in nearly four quarter-point hikes following previous increases over the summer. Investor concerns about further growth slowdowns due to higher long-term yields remain significant.

Iran's currency, the rial, fell to a record low, exceeding 2.5 million rials for one US dollar. This decline occurred just weeks after the rial reached a previous low of 2.2 million rials to the dollar on September 2. The currency has been on a downward trend since the onset of the war in February.

Michael Burry has accelerated his bearish outlook on AI stocks, shifting toward leveraged put options and expecting an earlier bubble burst. Citing research that weak AI revenue could trigger spending cuts, Burry compares current conditions with 1987 and the dotcom crash, while warning that excessive valuations and AI investment create market risks.

Nifty's indicative price sharply dropped by 2% during the closing auction session on monthly expiry day. The index fell from 22,684 to 22,249 within two seconds at 3:20:01. This sudden decline was followed by a rapid recovery, and it closed above the pre-CAS level. Typically, monthly expiry days bring heightened market volatility, contributing to such fluctuations. Overall, Nifty lost 64 points or 0.28% on that Tuesday.

Bitcoin consolidated near $83,900 while Ethereum traded around $2,680 as crypto markets experienced macro-driven risk-off pressure. Experts cite rising US Treasury yields, high crude oil prices, and profit-taking for the pullback, while noting strong institutional ETF inflows and key support levels holding steady across major tokens.

Sandeep Mistry was extradited from the UAE and arrested by the CBI in Mumbai. He faces charges related to the Punjab National Bank scam involving Nirav Modi and others. The CBI alleges Mistry actively participated in a conspiracy to defraud the bank of nearly Rs 6,498.20 crore. Mistry and other associates are accused of threatening employees and destroying evidence.

Japans two-year government bond yield neared 2%, its highest level since 1995, as persistent inflation, yen weakness and expectations of further Bank of Japan rate hikes pushed short-term borrowing costs higher.

Minecraft Dungeons II launch: Minecraft Dungeons II has launched in the US and Canada, bringing a new action-RPG adventure with a larger connected world, The Sift dimension, expanded combat and gear systems, multiplayer and crossplay. Heres everything to know about the release date, price, Deluxe Edition, supported platforms and key gameplay features.

European shares rose 0.3%, led by technology and semiconductor stocks, as investors responded to Anthropics AI expansion plans and potential $2 trillion valuation. Gains were capped by higher oil prices, elevated bond yields and Middle East tensions. Markets awaited U.S. job openings and euro zone consumer confidence data for further economic signals.

According to an EY India report, India could add over 100 million long-term investors by 2035 as investing expands beyond metros and affluent households. Despite having more than 550 million active UPI users, only around 62 million people invest in mutual funds and about 50 million actively participate in equities, highlighting the large untapped investor base.

Union Civil Aviation Minister Ram Mohan Naidu noted that 66 airports are under development to enhance aviation connectivity. India's next phase in aviation will focus on unlocking regional and international connectivity opportunities. The Routes Asia 2027 event in Delhi will support expanded air links and promote trade and tourism. Naidu emphasized the economic benefits of better connectivity for trade and tourism activities.

The board of Transport Corporation has sanctioned a share buyback of Rs 150 crore, intending to purchase 15.62 lakh equity shares at a premium price. This move aims to boost shareholder value while simultaneously establishing a new subsidiary in China to enhance the company's logistics network. This initiative aligns with a broader strategy for international expansion in significant trade areas.

Indian government bonds experienced a rise after a sharp selloff raised benchmark yields. US Treasury yields decreased, leading to investors unwinding their short positions. Reports of potential US-Iran talks contributed to the buying momentum observed in the market. Concerns over inflation and global borrowing costs have influenced expectations for a Reserve Bank of India rate hike.

EverBrands India Ltd is gearing up to raise Rs 600 crore via an initial public offering of equity shares. This funding will support the repayment of debts and finance the establishment of new Subway outlets. As a multi-brand food and beverage platform, Culinary Brands India has experienced remarkable revenue growth in the quick-service restaurant sector over the past two fiscal years.

The National Company Law Appellate Tribunal will hear Subhash Chandra's appeal regarding his personal insolvency on specific dates. Chandra challenges a previous NCLT ruling that limits his ability to dispose of assets. Creditors opposing his appeal have been instructed to submit their replies within one week. A separate petition concerning a disputed settlement amount has been combined with Chandra's appeal.

Congress has called for the immediate suspension of the Special Intensive Revision of electoral rolls. Allegations include the illegal removal of 13 crore voters by the Election Commission. The party is demanding the resignation of Chief Election Commissioner Gyanesh Kumar and Prime Minister Narendra Modi. A nationwide agitation is planned to address concerns regarding electoral integrity. The opposition INDIA bloc will meet to strategize further actions related to these issues.

Prozo has unveiled a new fulfilment centre in Bhiwandi, bolstering its presence in Maharashtra. The facility, which covers 1.1 lakh sq. ft., is strategically located to support logistics along vital corridors.

Eurozone government bond yields eased after a sharp selloff pushed borrowing costs to multi-year highs. Investors remained focused on elevated energy prices, inflation risks and expectations for further ECB rate hikes, while Germanys 10-year yield slipped from recent highs.

24x7 purity visibility, continuous flow and integrated alerts highlight the growing focus on monitoring and safety in home-based respiratory care.

European Central Bank President Christine Lagarde highlighted rising Eurozone inflation linked to increased energy prices. While inflation is expected to approach 4%, second-round effects on wages remain unobserved. Lagarde emphasized that the ECB would maintain a cautious policy approach in response to these developments. The central bank is set to consider interest rate changes at upcoming meetings.

Surat-based J B Ecotex Ltd has filed its DRHP with SEBI to raise funds through an IPO. The proposed issue comprises a fresh issue of up to Rs 400 crore and an OFS of up to 1.295 crore shares by promoters. The company may also raise up to Rs 80 crore through a Pre-IPO Placement, which, if completed, will be deducted from the fresh issue size.

Indian equity markets are experiencing a notable decline, evidenced by the NSE Nifty 50 Index's continuous fall over seven weeks. The collective market capitalization has taken a hit of approximately $250 billion, alarming investors. Factors such as rising global bond yields, increasing oil prices, and a weakening rupee are creating a turbulent environment, prompting a significant withdrawal by foreign investors from Indian stocks.

Bitcoin has surged around 750% since Warren Buffett called it rat poison squared in 2018, despite his longstanding concerns about cryptocurrencies. The digital asset has since hit record highs above $126,000, driven by growing institutional and investor interest, before correcting sharply. Heres why Buffett remained cautious about Bitcoin.

Mutual funds raised holdings in 23 BSE Midcap stocks for four straight quarters through June 2026. Five stocks gained up to 98%, while five declined over 25%.

Azad Engineering shares jumped after the company inaugurated two dedicated lean manufacturing facilities for GE Vernovas Gas Power business in Hyderabad, expanding its dedicated manufacturing footprint for the global energy major to three facilities.

Amit Shah inaugurated the Barapullah elevated road corridor and Mukarba Chowk underpass in Delhi on a recent Tuesday. The Barapullah Phase-3 project, approved in 2014, faced delays but ultimately cost Rs 1,635 crore. This elevated corridor aims to enhance connectivity between Mayur Vihar Phase I and Sarai Kale Khan while promoting sustainable transport. An innovative flyover design includes a dedicated cycle track for cyclists and pedestrians.

Anthropic is preparing for a closely watched U.S. IPO after rapid growth in funding, valuation and revenue. The Claude maker faces legal and regulatory challenges while expanding AI capabilities, cloud partnerships and commercial operations. Its potential listing could offer investors insight into frontier AI economics, governance, capital requirements and growth expectations.

BSE shares rose ahead of their Nifty 50 inclusion, with the move expected to trigger significant passive fund inflows. While Macquarie remains bullish on BSEs growth prospects, Jefferies and Nuvama flag regulatory changes, CAS and trading-related headwinds.

Japanese government bond yields remained near multi-decade highs as persistent inflation, elevated oil prices and expectations of further Bank of Japan rate hikes weighed on sentiment. A strong 40-year bond auction offered some relief, with demand improving, but investors remain focused on inflation, fiscal expansion and the outlook for interest rates.