The Economic Times

Jefferies has boosted its investment stance on Reliance Industries, citing appealing valuations and an outlook for upgrades. Additionally, the firm has raised its stakes in Kotak Mahindra Bank, driven by strong growth prospects. Welspun Corp is now part of the portfolio due to anticipated expansion in oil and gas infrastructures.

The Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers will be able to authorize financial data sharing with banks and lenders. This interconnected system eliminates the need for users to switch platforms for different Account Aggregators. The changes are aimed at enhancing convenience and seamless interactions in financial services. Customer consent remains essential for the sharing of financial information between

Jio Platforms is gearing up for a landmark public offering to secure Rs 37,700 crore in funds, with subscriptions expected to commence on October 21. With an impressive customer base exceeding 524 million, Jio dominates India's wireless data landscape. The company is well-positioned to capitalize on opportunities like the shift from 2G to 4G and expanding enterprise connectivity.

Satin Creditcare Network shares gained 3.74% after strong Q2FY27 business updates. Consolidated AUM rose 31% year-on-year to Rs 16,600 crore, while disbursements increased 41%. Asset quality improved, with GNPA falling to 1.9%. Borrowing costs declined, collections remained strong, and the company expanded its borrower base, branches and workforce during the quarter.

Tata Consultancy Services is scheduled to release its second-quarter results on October 8, with analysts predicting a year-on-year revenue growth of roughly 13%. However, the sequential growth might be modest at around 0.5%-0.6%. Investors will also be looking for updates on new contracts and collaborations with firms like Porsche and BSNL, as market sentiment stays cautious amid ongoing IT sector challenges.

India's macroeconomic fundamentals indicate strong growth despite the Nifty index losing 13% this year. While industrial production and corporate earnings demonstrate resilience, foreign selling pressures weigh on equities. Upcoming earnings season is crucial as investors assess the impact of input costs on margins. Analysts suggest that the market needs broader economic signals to recover sustainably. Stability in global bond yields and crude oil prices could also influence market sentiment.

Four Nifty 500 stocks closed above their VWAP on October 6, indicating stronger-than-average price levels. Clean Max, Belrise Industries, TBO Tek and Deepak Fertilisers traded above their volume-weighted averages, reflecting positive intraday price momentum and buying strength.

Utkarsh Small Finance Bank reported a 55% year-on-year rise in Q2 FY27 disbursements to Rs 3,525 crore, driven by strong non-JLG loan growth. Deposits increased 7%, while CASA deposits rose 14%. The banks CASA ratio improved to 21.5%, indicating stronger low-cost deposit mobilisation despite overall funding growth remaining moderate.

A rise in futures OI indicates an increase in the number of active, unexpired futures contracts in a security.

After a fleeting rally, the Indian stock market dipped once again, with Sensex and Nifty experiencing noticeable declines. Investor attention is fixed on the impending RBI MPC meeting, where an interest rate hike is expected. Titan shares dropped more than 4% due to an unsatisfactory Q2 business report, which weighed heavily on market sentiment.

Three SME IPOs, Vans Electroengineerings, Papadmalji Agro Foods and Black Opal Consultants, are set to list on October 7 after raising Rs 109.24 crore collectively. Vans Electroengineerings saw the strongest investor response, with its issue subscribed 628.73 times.

Titan Company reported 25% year-on-year growth across its consumer businesses in Q2FY27, led by jewellery, watches and EyeCare. Nomura retained its Buy rating, citing strong growth visibility despite high jewellery sales bases and elevated gold prices.

Four Nifty500 stocks flashed White Marubozu patterns, indicating strong buying momentum and bullish price action. Trent, Urban Company, Aether Industries and Motilal Oswal Financial Services emerged among the notable stocks showing sharp gains and sustained upward movement during the trading session.

Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season.

The RBIs policy decision will keep banks, NBFCs, realty and auto stocks in focus, with the central bank widely expected to raise the repo rate by 25 bps to 5.50%. Markets will track its inflation outlook and future rate guidance, especially as elevated crude prices pose risks to inflation and the current account deficit.

Six Nifty500 stocks that gained over 6% featured in StockEdges RSI Trending Up scan on October 6, signalling strengthening momentum as their RSI values crossed above 50 from below.

Nicolas Ghesquiere showcased a spring/summer 2027 collection that highlights the impact of climate change on fashion. The collection features lightweight fabrics and streamlined silhouettes to adapt to warmer temperatures. Ghesquiere emphasized the complexity of creating light garments while maintaining functionality and relevance. Celebrity guests, including Felix and Brigitte Macron, attended the show, which featured minimalist designs with limited monogram use.

Captain Smit Machchhar sustained serious injuries during an attack by co-pilot Hammam al-Hammami in the cockpit. He suffered a depressed skull fracture that required emergency surgery for his recovery. After initial treatment in Saudi Arabia, he was transferred back to the UAE for further care. The Indian embassy has reported ongoing support and monitoring of his health. Machchhar's situation reflects a significant and challenging incident aboard the aircraft.

At a recent White House gathering, relatives of servicemen who fell in the Iran war came together to honor their ultimate sacrifice and air their frustrations. A significant number are upset about the unresolved inquiries regarding the deadly March 1 drone strike that left six soldiers dead. The ceremony honored around 40 fallen heroes, yet many families lamented the lack of timely invitations, leaving several feeling excluded.

Trent, the prominent Tata Group retailer, experienced a notable spike in share prices as it unveiled impressive second-quarter results. The company reported a significant 23% year-on-year revenue growth, amounting to 5,788 crore. This development led brokerages to enhance their forecasts and issue favorable ratings. Additionally, Trent celebrated the launch of its 1,000th Zudio store, reflecting productivity gains.

Revenue and net profit of Nifty 50 companies are projected to grow by nearly 20% year-on-year. Analysts note that performance is driven by sectors like automobiles, banking, and oil. Operating margins, however, might contract slightly due to input cost pressures and inflation. Key sectors show varied conditions, balancing strong demand against potential challenges. Overall, medium to long-term outlook remains optimistic, despite some near-term volatility.

Benchmark Nifty experienced a rebound on expiry day due to a drop in India VIX and Brent crude oil prices. Investor attention is now focused on the forthcoming RBI policy outcome amid ongoing rupee weakness. The rupee declined against the dollar amidst foreign capital outflows and uncertainties surrounding a US-Iran deal. Stocks in the F&O ban included SAIL, Bandhan Bank, and Ambuja Cement.

Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600.

September saw a decline in demat account openings, falling to 2.89 million, which is an 11.5% reduction compared to the previous month. Nevertheless, over the September quarter, a record 9.04 million accounts were established. Despite experiencing its most significant monthly losses in five months, the stock market maintained investor interest, supported by robust IPO activity and a steady 135 million unique investors.

The Indian stock markets saw an upswing fueled by the performance of banking stocks amid falling oil prices. The Sensex and Nifty enjoyed substantial rises, as market participants eagerly anticipated the upcoming Reserve Bank of India monetary policy decision. Key players like Axis Bank and Kotak Mahindra Bank reported strong quarterly figures, lifting investor mood.

Jefferies has suggested enhancing investments in large-cap stocks in India, citing their favorable valuations compared to midcaps. The brokerage has also added Kotak Mahindra Bank to its model portfolio and increased its weight in Reliance Industries. It emphasizes that large-caps present a better risk-reward scenario as earnings growth gap narrows. Meanwhile, exposure to rate-sensitive sectors has been reduced due to rising global bond yields.

Seven trusts under Tata Trusts have filed caveats to be heard ahead of any orders by the Maharashtra Charity Commissioner. Venu Srinivasan and Vijay Singh have raised concerns about governance issues surrounding Noel Tata's leadership. These issues include questions regarding decision-making and participation restrictions in Tata Sons matters. The filings follow existing restrictions on the Sir Ratan Tata Trust's functioning and meetings.

In a letter written earlier this month, Former CEO Mukesh Bansal, finance head Sanjay Baweja, ex-CBO Ankit Nagori and others said uuncertain India IPO timeline means no liquidity for ex-employees. They highlighted the companys two founders and early backers have also fully monetised their equity stake in the e-tailer.

The Tata Sons board has sought legal advice on a restructuring proposal from Tata Trusts aimed at avoiding a mandatory listing of the group holding company, people familiar with the matter said. The board is unlikely to formally consider the proposal until its validity as a shareholder mandate is established.

The HSBC India Services Business Activity Index rose to 55.2 in September from 54.1 in August, although it remained below the 60.9 recorded in September 2025. A reading above 50 indicates expansion in activity, while a figure below that signals contraction.

The Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its eventual use. The court dismissed revenue appeals seeking to tax Cadila Healthcare's GRD Powder and GRD Mix as non-alcoholic beverages at 10%.

In the evolving world of private credit, the availability of high-yielding deals is dwindling, thanks to intensified competition and new regulatory measures. During the first half of 2026, a considerable volume of private credit transactions was listed below the 18% mark. With banks now venturing into acquisition financing, the capital landscape for borrowers has transformed, urging lenders to identify areas for superior returns.

IndusBridge Ventures has triumphantly raised Rs 2,000 crore, a remarkable achievement in the realm of private equity focused on defence. Co-founders Ravi Kapoor and Rahul Devjani intend to channel this funding into Indian defence firms, aiming to harness the increased global defence budgets and support India's efforts towards self-reliance. Kapoor forecasts that defence exports could soar to 50,000 crore soon, enhancing the security technology supply chain.

India's B2B apparel market is experiencing significant growth, expanding to $2.1 billion in just five years. The demand for uniforms spans various sectors including healthcare, hospitality, and security services. Growth is driven not only by traditional industries but also by the emerging gig economy of delivery and home-service professionals. These workers require distinctive uniforms that enhance their identity and instill consumer confidence.

S&P Global forecasts a 12-14% increase in financial sector lending despite potential slowdowns in rural areas. Concerns about weak monsoon rains may negatively impact rural incomes and lending. A projected GDP growth of 7% for India in FY27 reflects steady public investment and improved private sector investments. Economic activity remains strong, although headwinds like inflation could constrain momentum.

The Insurance Regulatory and Development Authority of India has suggested regulatory changes that may significantly affect insurance brokerage firms. With compliance costs rising and commission limits introduced, smaller brokers might consolidate to survive. Notably, Alliance Insurance Brokers is contemplating a stake sale, while InsuranceDekho and RenewBuy eye initial public offerings.

During August 2026, non-banking financial companies enjoyed a boost in credit expansion, with gold loans seeing remarkable growth alongside consumer durable loans. Housing loans remained a critical component of the retail lending portfolio. Conversely, lending to the services sector declined, highlighting slower growth in certain segments. This overall increase in several sectors points to an encouraging trend in the credit market.

Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude prices, strong Q2 business updates and positive global cues lifted investor sentiment, adding nearly Rs 5 lakh crore to BSE market capitalisation.

MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.

Amid rising tariffs and geopolitical tensions, trade negotiations between India and the United States have reached an impasse. The US has voiced concerns over India's ongoing acquisition of Russian oil, which could trigger higher tariffs. India aims to safeguard its vital agricultural sectors during talks while advocating for enhanced export conditions. Future discussions, particularly with Secretary of State Marco Rubio's upcoming visit, may provide an opportunity for resolution.

The Election Commission of India refused to meet a delegation of 240 MPs led by Rahul Gandhi. This decision followed a day of protests in the national capital against the Chief Election Commissioner. Congress leaders, including Rahul and Priyanka Gandhi, were detained during the protests. The Commission stated that no formal meeting request had been submitted by the deadline.

The Trump administration sought to introduce new US Postal Service requirements ahead of the midterm elections. The proposal called for special envelopes and barcodes linked to individual voters. States would also have been required to submit voter information through a federal portal.

Middle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional methods remain risky, alternate routes are being utilized to ensure continuous oil movement. Oil producers are adjusting strategies, relying on pipelines and offshore transfers to circumvent dangerous waters. The shipping process has become more expensive due to increased insurance and higher freight rates.