The Economic Times

Canara Bank shares fell sharply on Thursday despite reporting an 8% year-on-year rise in Q2 FY27 standalone net profit to Rs 5,175 crore. Brokerages remain divided, with Morgan Stanley retaining an Underweight rating, while Motilal Oswal and JM Financial recommend buying the stock.

The trade agreement between India and the United States is close to fruition, with major issues largely settled. US Ambassador Sergio Gor conveyed optimism about achieving a swift conclusion as negotiations advance. For the past eighteen months, both countries have explored trade impediments and tariffs, focusing on particular products and their rates. The impending visit from US Secretary of State Marco Rubio could further facilitate this trade pact.

BHEL shares fell 4.3% after rallying on strong Q2FY27 results, even as Nuvama and JM Financial retained their Buy ratings and raised target prices. Brokerages cited margin expansion, improved execution, a healthy order book and favourable thermal power prospects.

Over the past five years, eight Nifty stocks have recorded disappointing returns, causing significant impacts on investors' portfolios. Notably, Infosys and TCS saw steep declines of approximately 37% and 36%, respectively. Hindustan Unilever and Asian Paints also struggled, facing losses around 28% and nearly 29%. Other affected companies included HDFC Life and Reliance Industries with negative returns of 22% and 13%. With changing market conditions, investors must re-evaluate their strategies.

Reliance Jio has announced its IPO price range, setting it between Rs 1,065 and Rs 1,119 per share. With a massive valuation of around Rs 10.3 lakh crore, this IPO stands as the largest in Indian history. While analysts believe the valuation is reasonable, they warn that anticipated growth may already be priced in.

Reliance Jio has fixed a record date of October 14, 2026, for eligible shareholders of Reliance Industries. This date will determine who can apply for the reserved shares under the shareholder quota. The IPO aims to raise approximately Rs 30,213 crore through fresh equity shares. Eligible investors must apply under the normal IPO process and select the shareholder category.

Benchmark indices Nifty and Sensex experienced a rebound on Thursday following the previous day's decline. Strong performances by IT and banking stocks contributed to positive sentiment on Dalal Street. Volatility increased as the India VIX rose over 1%, reflecting market fluctuations. Oil prices also fell as investors reacted to geopolitical tensions and easing sanctions on vessels.

The Indian stock market is witnessing a notable transformation as large-cap stocks are losing ground amidst changing capital flows and investor sentiment. Mid- and small-cap companies are surging ahead, capturing more market capitalization as domestic institutional investors pivot towards these segments. As large-caps endure foreign selling pressures, the contrast in performance underscores a shift in market dynamics. Future outcomes will hinge on whether earnings growth aligns with current valu

More than half of the Nifty 250 stocks have delivered negative returns in 2026 despite the index gaining over 7%. Experts flag elevated valuations and persistent FII selling, stressing selective stock picking as earnings growth and performance diverge across market segments.

Fusion CX IPO received 41% subscription on Day 1, with a 12% grey market premium indicating potential listing gains. Priced at Rs 275289 per share, the Rs 702-crore issue benefits from strong financial growth, rising AI-driven customer experience demand, and brokerage recommendations for long-term investment.

Tata Technologies shares surged after reporting a 4% YoY rise in Q2 net profit to Rs 171 crore. Revenue grew 28% to Rs 1,699 crore, led by a 34% jump in services revenue to Rs 1,356 crore. EBITDA rose 32% to Rs 273 crore, with margins expanding 40 bps to 16.1%. Services revenue grew 4.3% sequentially in constant currency terms to $142 million.

A notable increase in futures open interest indicates a rise in the number of active, unexpired futures contracts in a security.

HD Fire Protect IPO entered its third and final day of subscription on October 15, 2026. The Rs 712.31-crore offer for sale issue was subscribed 16.50 times on Day 2, led by strong retail and NII demand. The price band is Rs 258-271 with a 33% GMP.

Punjab Band Today News: Punjab Bandh on October 15 will be observed from 6 am to 5 pm following the killing of anti-drug activist Parvinder Singh Jhota in Mansa. Check the latest updates on bank operations, school closures, bus and train services, markets and emergency services.

Bonfiglioli Transmissions IPO opened for subscription on October 15, 2026, aiming to raise Rs 2,533.66 crore via an offer for sale. The price band is set at Rs 558-586 per share with a 30% grey market premium. Anand Rathi has recommended a Subscribe for Long Term rating.

Four Nifty 500 stocks closed over 1.5% above their respective VWAPs on October 14, indicating positive trading momentum.

Six Nifty500 stocks that gained over 5% on October 14 featured in StockEdges RSI Trending Up scan, signalling strengthening price momentum as their Relative Strength Index (RSI) values crossed above 50 from below.

Tonbo Imaging Indias IPO opens October 15, 2026, aiming to raise Rs 852.18 crore through an offer for sale. With a 71% grey market premium, listing gains are anticipated. However, FY26 total income fell 22% and profit declined 30%. The defence technology company operates across 24 countries, specialising in advanced imaging and surveillance systems.

Jio Platforms is gearing up for its initial public offering by pursuing a strategy focused solely on fresh shares. This means that no current investors will be liquidating their holdings during the IPO. The goal is to utilize the funds, estimated at around 27,500 crore, to alleviate the debt burden of Reliance Jio Infocomm.

Sahajanand Medical Technologies IPO opened for subscription on October 15, 2026, aiming to raise Rs 475.48 crore through an entirely offer-for-sale issue. The price band is set at Rs 327-344 per share, with a lot size of 43 shares. The issue commands a 12% grey market premium.

The sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The transaction received attention from a variety of global investors, highlighting their confidence in the nation's financial ecosystem. Experts predict this move may open doors to increased deal-making opportunities in the future.

Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upside of 31%. The brokerage expects EBITDA to grow at a 96% CAGR over FY26-29F, driven by payments, merchant lending, AI-led cost efficiencies and potential UPI MDR revenue. International expansion and enterprise AI product Pi offer additional growth opportunities.

Reliance Industries shares will be in focus after Jio Platforms announced its IPO price band of Rs 1,065-1,119 per share. The Rs 30,213 crore issue includes a shareholder reservation for eligible RIL investors and could become India's largest IPO.

Four Nifty500 stocks featured in StockEdges White Marubozu scan on October 14, indicating strong buying momentum during the session.

Jio Platforms has expressed concerns regarding potential competition from satellite broadband which could undermine their advantages. Rising inflation may put pressure on profit margins, making it harder to adjust pricing accordingly. The company highlighted important challenges related to customer acquisition and retaining average revenue per user for sustainable growth. Cybersecurity risks pose additional threats to operational integrity and overall reputation.