The Economic Times

The Indian stock market rebounded sharply on Monday, marking a much-needed respite after eight weeks of declines. Anup Bagchi's appointment as CEO at HDFC Bank has calmed investor jitters regarding leadership shifts. Notably, broader market indices like Nifty Smallcap 100 and Midcap 100 enjoyed gains exceeding 0.

HDFC Bank shares will be in focus after Anup Bagchi was appointed as the banks new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.

The scan identifies stocks where the RSI value has crossed above 50 from below, signalling strengthening momentum.

Runwal Enterprises shares are set to list on the BSE and NSE with a zero GMP, indicating expectations of a flat debut near the IPO price of Rs 305. The Rs 500-crore IPO, entirely a fresh issue, was subscribed 2.64 times, led by QIB and NII demand at 4.10 times and 4.14 times, respectively, while the retail portion was subscribed 1.19 times.

German Green Steel & Power is set to debut on the BSE and NSE after its Rs 303.90 crore IPO was subscribed 30.42 times. With a 7% GMP, shares may list around Rs 149, while strong FY26 revenue and profit growth support investor interest.

Three Nifty 500 stocks closed more than 2% above their VWAP on October 1, signaling stronger-than-average price performance amid volume-weighted trading activity, according to StockEdges technical scan data.

On October 1, three stocks valued above Rs 10,000 crore appeared on StockEdges White Marubozu bullish scanner, signaling strong upward price momentum with little or no intraday reversal.

Four SME IPOs, including Bench Mark Infotech Services, Himalayan Solar, Dudani Retail, and Sai Urja Indo Ventures, will list on the BSE and NSE SME platforms today after collectively raising Rs 146 crore. Bench Mark Infotech Services saw the highest demand, achieving over 100 times total subscription.

Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.

The Rs 552-crore Orient Cables IPO was a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for sale (OFS) of 85.29 lakh shares worth Rs 232 crore.

The Rs 420-crore public issue was priced in the range of Rs 3032 per share, with the upper end of the price band at Rs 32. The issue comprised a fresh issue of 8.97 crore shares aggregating to Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares worth Rs 133 crore.

In the grey market, the IPO is currently commanding a premium of Rs 20, or 9.09%, over the upper end of its price band, indicating expectations of a premium listing.

As inflation concerns rise, investors are putting their faith in the Reserve Bank of India to implement an interest rate hike. A survey reveals that nearly 60% of economists believe a 25-basis-point increase is likely at the coming policy meeting. With an eye on foreign investment, expectations are growing for a tightening cycle to kick off in October, setting the stage for how future capital flows will be managed.

Nifty has dipped significantly, nearing a critical support range of 22,000 to 22,600, catching the attention of traders looking for a potential technical rebound in the oversold market. Analysts recommend buying Indian Hotel and Mankind Pharma stocks, highlighting ambitious targets and stop-loss settings. Conversely, caution is warranted for IOC and Torrent Pharma, which display signs of decline. The market strategy appears optimistic for October, tapping into seasonal recovery prospects.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The US-Iran war, which commenced on February 27, caused significant volatility in the equity markets, impacting key benchmarks. By October, the Nifty 50 index exhibited a dramatic shift, rising from 22,421 to 25,178. Midcaps and smallcaps mirrored this pattern amid the turmoil. Interestingly, certain stocks across various sectors maintained stable growth even post-ceasefire, showcasing remarkable resilience despite the market fluctuations.

Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.

The Indian stock market is facing notable turmoil, with a pronounced selloff impacting major players like Tata Motors and Infosys. Currently, a staggering 84% of Nifty 50 stocks are underperforming their 200-day moving averages. In contrast, smaller stocks are showing notable strength, as many in the Nifty 500 outstrip established blue-chip firms.

Taylor Swift-Travis Kelce wedding: Paul McCartney confirmed he performed his group's 1963 track I Want to Hold Your Hand after the Shake It Off hitmaker tied the knot with Travis Kelce at New York's Madison Square Garden in July.

The Nifty index continues to decline, marking its eighth consecutive week of losses due to market pressures. Analysts predict that the combination of foreign selling and rising bond yields will affect sentiment negatively. The Indian rupee has also weakened, contributing to ongoing market challenges faced by investors. Importantly, the 200-Week EMA remains a critical level for potential recovery or further decline.

Indian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 points, while the BSE Sensex decreased by 570.59 points. Key companies like HDFC Bank and Infosys made significant corporate announcements amidst these market conditions. HDFC Bank appointed a new Managing Director and CEO following regulatory approval.

India is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the release of accumulated input tax credit that benefits various industries and supports growth. The GST Council plans to reconsider tax treatment for certain supplier defaults to protect genuine buyers.

In September, Foreign Portfolio Investors actively participated in the Indian primary market by investing $1 billion. Simultaneously, they offloaded $4.8 billion worth of equities from the secondary market. A total of 96 IPOs have launched in 2026, with 34 occurring in September alone. The expected future launch of the Jio Platforms IPO may influence upcoming primary market dynamics.

On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%. The surge in inflation is attributed to elevated crude oil costs and subpar agricultural production. Many economists advocate for a rate hike as a crucial measure to tackle ongoing inflation issues, with outcomes to be revealed on October 7.

The Aichi-Nagoya Asian Games ended with a vibrant closing ceremony attended by athletes from 45 countries. India secured fourth place with a total of 85 medals, including 21 gold medals. China topped the medal table, followed by Japan and South Korea, showcasing the competitive spirit. The Olympic Council of Asia President declared the Games closed, emphasizing the significance of the event for Asian sports.

Bajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re brings over thirty years of reinsurance experience to the role. This strategic move aims to strengthen the Bajaj Group's existing insurance operations through a new subsidiary focused on reinsurance.

Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from 300 to 400 crore.

Emergency services were on their way to the scene, the mayor said. In recent days, the Southern Bridge across the river has been struck several times by Russian drones, amid an escalation in attacks on infrastructure in the Ukrainian capital.

The Supreme Court plans to hear pleas regarding Chief Election Commissioner Gyanesh Kumar's alleged unilateral decisions and actions. Petitioners Rakesh Kumar Singh and Shailendra Mani Tripathi challenge Kumar's adherence to collective decision-making principles. They seek his suspension pending a final ruling and the appointment of officials based on consensus.

Iran is currently evaluating a diplomatic proposal put forth to the United States aimed at easing rising regional tensions. This proposal was conveyed by Iranian Foreign Minister Abbas Araghchi via diplomatic channels. In related news, a commercial tanker in the Strait of Hormuz suffered damage from an unidentified projectile, but fortunately, the crew remained unharmed.

Bangladesh's government is urging India to facilitate the extradition of former prime minister Sheikh Hasina promptly. State Minister for Foreign Affairs Shama Obaed Islam emphasized the need for both legal and political willingness in this process. Hasina has been living in India since fleeing Bangladesh following the July Uprising in 2024.

In a recent statement, Masayoshi Son underscored the critical importance of international unity in managing the safety risks associated with advanced AI technologies. As AI grows increasingly capable, apprehensions about the dangers in unrestricted environments intensify. The White House is at the forefront of a collaborative initiative involving 17 countries aimed at enhancing AI for scientific exploration.

Prime Minister Narendra Modi extended his congratulations to the Indian squad for their remarkable achievements at the Aichi-Nagoya Asian Games, where the nation proudly stood fourth with a tally of 85 medals. He lauded the athletes for their resilience and tenacity throughout the events. The Games witnessed the establishment of more than 350 records, including several world records.

Kumkum Anil Mohod stood out in India's stellar archery achievements during the Asian Games 2026. The Indian archery team celebrated a remarkable run, securing five gold medals and multiple podium finishes. Notable performances from Neeraj Chauhan and Sahil Jadhav showcased their exceptional skills. This campaign exemplified the team's dedication and effort, solidifying archery's status as one of India's premier sports disciplines in recent years.

In a recent meeting, the Assam Cabinet has ratified a Green Cess on vehicle ownership transfers. This initiative aligns with the introduction of a 12% recruitment reservation for ex-Agniveers residing in Assam, specifically for police and emergency roles. Furthermore, the Madhupur Satra will receive financial support of Rs 1 lakh each month.

Jitender Mann quit his lucrative IT job to pursue organic farming after a health scare. He began growing moringa and other greens on his Delhi terrace as a personal project. This small experiment eventually evolved into a successful organic farming venture with a turnover of Rs 30 lakh. Mann's journey illustrates how personal experiences can lead to significant career changes.

The GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Criminal prosecution may be limited to cases involving more than Rs 5 crore, while routine disputes over GST interpretation could be handled through civil penalties and kept outside criminal courts.

Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform. The issue received bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while the retail and NII portions saw 10% and 2% subscription, respectively. The IPO closes on October 6.

The RBI could raise the repo rate by 25 basis points in October and signal further tightening as inflation, elevated crude prices and a narrowing rate gap with the US pressure the rupee. Strong reserves and a manageable current account provide crucial buffers.

Ashish Shelar criticised the Shiv Sena (UBT)-MNS protest against CEC Gyanesh Kumar, calling it a march of foxes and accusing the Opposition of questioning EVMs and the Election Commission after losing elections. Shelar also defended the EVM system, cited past poll victories using EVMs and questioned the parties opposition to the ongoing SIR exercise.

Asaduddin Owaisi accused BJP members of submitting Form 7 to eliminate Muslim voters from electoral rolls. He called for scrutiny of these forms, alleging that names are being wrongfully removed. Owaisi threatened significant protests in Hyderabad if the actions do not cease. In response, Telangana BJP claimed Owaisi should provide evidence and pursue legal action. Both parties are engaged in a heated exchange regarding electoral integrity and voter suppression.