The Economic Times

Four NSE F&O stocks recorded a rise of over 15% in futures open interest on October 5, with Anand Rathi Wealth, Ujjivan Small Finance Bank, Siemens Energy India and Avenue Supermarts seeing sharp increases.

Kotak Mahindra Banks net advances rose nearly 25% YoY to 5.77 lakh crore in Q2 FY27, up 13% sequentially from 5.12 lakh crore. The strong loan growth could keep the stock in focus.

Axis Bank reported a 22.7% YoY rise in gross advances to Rs 13.846 lakh crore in Q2, while total deposits grew 20.7% to Rs 14.521 lakh crore. The bank also disclosed FCNR(B) deposit mobilisation and a senior management resignation.

Shah Investor's Home shares are scheduled to list on the BSE and NSE today, October 6. The Rs 90.17 crore IPO was subscribed 38.12 times overall. With a grey market premium of Rs 17, the stock indicates a potential listing gain of around 10% over its issue price of Rs 167.

Three Nifty 500 stocks closed more than 1.5% above their VWAPs on October 5, signaling stronger price performance relative to volume-weighted average levels, according to StockEdge technical scan data.

The Delhi government has decided to withhold ACP Vivek Bhagat's additional duty charge amid sexual harassment allegations. Bhagat voluntarily requested to delay his new role pending a full inquiry into the accusations. These allegations involve sexual harassment against three women journalists during a recent protest. The complaints have been forwarded to the Crime Branch for a thorough investigation.

Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STLs revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.

Tata Group retail arm Trent reported a 23% year-on-year surge in Q2FY27 standalone revenue to Rs 5,788 crore, supported by strong growth across Zudio and Westside formats. Global brokerage BofA Securities has initiated coverage on the stock with a Buy rating and a target price of Rs 3,075.

Three Nifty500 stocks gained over 5% on October 5 and featured on StockEdges White Marubozu bullish scanner, signalling strong upward price momentum during the session.

Five Nifty500 stocks gained over 5% and featured in StockEdges RSI Trending Up scan on October 5, signalling strengthening momentum as their RSI values crossed above 50 from below.

Indian equity benchmarks recovered in Monday's session, breaking a four-day losing streak and reflecting positive global trends. The Sensex and Nifty gained as crude prices eased, providing relief to investors. Foreign portfolio investors continued to sell, while domestic institutional investors showed significant buying interest. Sector performance varied, with FMCG stocks witnessing renewed interest despite pressure on healthcare stocks. Analysts anticipate positive surprises from upcoming qua

Jane Street Group LLC is currently appealing against the Securities and Exchange Board of India

The SRIT India IPO is a Rs 218.40-crore book-built issue, comprising an entirely fresh issue was of 1.68 crore shares. There is no offer-for-sale (OFS) component. The SRIT India IPO was subscribed 125.16 times overall. The retail portion was subscribed 63.70 times, while the QIB (Ex Anchor) and NII portions were subscribed 91.84 times and 312.99 times, respectively.

In the second quarter, most banks experienced higher credit growth compared to deposit growth. HDFC Bank and Bank of India were notable exceptions, demonstrating higher deposit growth rates. RBL Bank led the growth charts in both assets and liabilities, although it started from a lower base. Union Bank of India had the largest disparity between credit and deposit expansion rates among the banks.

With Anup Bagchi stepping in as the new CEO of HDFC Bank, expectations are high for renewed investor confidence in the bank's future. Brokerages have welcomed the change, projecting upward stock movement and setting price targets that reflect potential growth. However, analysts caution that Bagchi's approach and consistent management will be critical to achieving these aspirations.

Divi's Laboratories and TVS Motor Company have emerged as likely contenders to replace Max Healthcare Institute and HDFC Life in the Nifty index at the March 2027 review. According to Quiddity Leaderboard, this transition may lead to significant inflows estimated at around $824 million. As the review remains in its nascent phase, further alterations to the Nifty 100 rankings are also projected.

Business growth calls for more than strategic decisions. Founders also need fresh perspectives, trusted peer relationships, expert guidance and the capacity to lead under pressure. The Economic Times Founders Growth Retreat brings these priorities together through curated conversations, advisory sessions and executive wellbeing experiences designed for entrepreneurs preparing for their next phase.

The stock of HFCL is soaring, attributed to remarkable achievements in optical fibre cables and defence electronics sectors. With a new revenue growth projection of 40% for FY27, the company shows promising potential. Expansion into global markets is expected to amplify revenue figures by year-end, supported by a robust order book ensuring long-term revenue clarity.

Avenue Supermarts' shares fell by 6.7% on Monday amid worries about its competitive landscape and valuation concerns. Citi and Goldman Sachs upheld their sell recommendations following the company's recent second-quarter update. While the standalone revenue growth of 18.4% shows promise, analysts believe that the company's expansion may be hindered by escalating competition from quick-commerce services.

Jio Platforms is preparing to launch what is anticipated to be India's largest initial public offering. Scheduled around Dussehra, the IPO is estimated at $4 billion and will likely occur later this month. The company aims to complete its IPO process, including listing, before October 30. Proceeds from the IPO will primarily be used for prepaying borrowings and general corporate purposes.

PB Fintech, the parent company of Policybazaar, has seen a significant decline in its stock value. Following a consultation paper from Irdai proposing caps on distributor commissions, the stock price has plummeted. The market capitalisation fell from

Indian equity markets showed signs of recovery on Monday after softer-than-expected US jobs data was released. The Nifty 50 index ended the session up, suggesting improved investor confidence. Investors are watching key corporate updates from companies like Vedanta and Kotak Mahindra Bank for future trends. Firms reported various operational advancements and financial performance improvements for the quarter. The overall sentiment in the market remains cautiously optimistic amid external economi

The stock market's positive open saw the Nifty rise by 0.6%, breaking an eight-week streak of losses. Experts note a potential rebound in Indian stocks, driven by favorable Q2 business reports and strong bank results. However, the rupee suffered as it depreciated against the US dollar amid escalating oil prices and exiting foreign funds.

Trustees of Tata Trusts have rebuffed objections from two senior trustees concerning a proposed restructuring of Tata Sons. They emphasized that the Reserve Bank of India has not required a listing for Tata Sons. Additionally, they asserted that the restructuring does not jeopardize the charitable status of the trusts. The trustees referenced past resolutions in support of preserving Tata Sons' unlisted status.

Caleb Flynn was found guilty of multiple counts by the jury, including murder, felonious assault and tampering with evidence. Flynn apologized to his family just before being sentenced, starting with his two young daughters, who were home when he shot his wife in her sleep.

Texas has set October 5 as the final date for voter registration ahead of the November 3 election. Voters can register online but must return the application via mail or in person. Early voting is scheduled from October 19 to October 30, allowing citizens to participate in the upcoming elections. Concerns have been raised regarding the Texas Election Administration Management system affecting registrations.

The co-pilot of Smit Machchhar had plans of crashing into Ben Gurion airport earlier this year as well; he was a failed student at Melbourne university.

The oil stockpiles that cushion the world from supply shocks have become scarily thin, putting markets at risk of worsening unless Hormuz reopens, according to the head of Aramco. When the US-Iran war began, the world had 10 billion barrels of reserves , that has fallen to less than 6 billion, he said.

Trentar Private Limited intends to invest 30,000 crore for a 500 MW green data centre park in Maharashtra. The company is assessing land options and aims to finalize evaluations within a month. An MoU with the Maharashtra government is expected to be signed soon. Permissions and approvals will be facilitated by the state government for the project under existing regulations.

In a bold move to enhance global integration, PwC is merging its Indian consulting operations with its US counterparts. This monumental shift, led by Sanjeev Krishan, will unite around 40,000 professionals in a shared mission focused on artificial intelligence and technology investments. Expected to rake in $1.5 billion in initial revenue, this merger marks a significant trend in the consulting industry, prioritizing advanced technology integration and local-global collaboration.

KKR-owned Healthium Medtech and Romsons Group are reportedly competing to acquire a significant stake in BL Lifesciences. The company is expected to be valued between 1,800 and 2,000 crore during this stake sale. KPMG is providing advisory services to the promoters of BL Lifesciences for this transaction, which involves a family-owned business. BL Lifesciences specializes in various medical devices for surgeries, critical care, and more.

National Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be available to companies seeking long-term and cheaper financing options. LIC Housing Finance, Bajaj Housing Finance, and others are likely to benefit from this increase. The funding is expected to help reduce reliance on banks while promoting growth in housing loans.

A meeting involving bank heads is scheduled for Tuesday to assess the progress of financial inclusion schemes. Key initiatives include Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Mudra Yojana, which support small enterprises. Other schemes such as PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offer insurance coverage for different age groups. The StandUp India Scheme focuses on empowering SC, ST, and women borrowers.

Indian equities rebounded on Monday after eight consecutive weekly losses, with Sensex rising 473 points and Nifty gaining 134 points. Softer US jobs data and lower crude prices supported sentiment, though analysts flagged bond yields, currency risks, RBI policy and earnings uncertainty.

Marico has raised its stake in Satiya Nutraceuticals, owner of The Plant FixPlix, to 84.09% after acquiring an additional 24.09% for Rs 1,012.03 crore. The company also reported strong Q2 momentum and expects double-digit revenue growth and mid-twenties operating profit growth.

In a dramatic turn of events, British Airways flight BA295 found itself in an emergency situation as it rapidly descended from 37,000 feet to just 9,000 feet while heading to Chicago. This alarming altitude drop triggered the crew to squawk 7700, indicating a general emergency. The plane circled over the Bristol Channel to safely burn off fuel before landing, all while no injuries were reported and investigations began.

Dennis Hastert's reputation collapsed years after he left Congress when a federal investigation into suspicious bank withdrawals exposed payments intended to conceal sexual abuse dating back to his years as a high school wrestling coach.

The 57th meeting of the Goods and Services Tax Council has been rescheduled to October 8, starting at 11 am. The meeting's location is the Summit Room, Bharat Mandapam, in New Delhi. An Office Memorandum cited unavoidable circumstances for the date change without providing further details. Members of the Council have been notified about this alteration, and an apology has been expressed for any inconvenience caused.

Vedanta will consider its first interim dividend for FY27 at a board meeting on October 8, 2026. The company has set October 14 as the record date. The dividend proposal follows strong Q2 production, including record Zinc India refined metal output.

From a loan growth perspective, state-run banks' advances growth remained in the range of 12.59-29.83 per cent year-on-year in Q2, while private banks' growth ranged from 16.3-40 per cent during the same period.

Zerodha founders Nithin and Nikhil Kamath have acquired a 6.72% stake in Viceroy Hotels through Kamath Associates and Nksquared. The investment comes as the hotel company recovers after insolvency resolution, expands its portfolio and seeks capital through a Rs 105-crore rights issue.

Sebi has launched the Samajh Se Investing Simple campaign under Project Jagrook to simplify investing, promote informed decisions and prevent financial fraud. It also introduced MUST to boost financial literacy among students and announced an official WhatsApp channel for investor awareness.