The Economic Times

Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect.

Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30. Nuvama retains its Buy rating with a target price of Rs 1,766.

The Indian stock market endured a notable downturn, with both Sensex and Nifty witnessing considerable drops. In a single day, Foreign Institutional Investors offloaded equities worth more than Rs 10,000 crore. The climb in bond yields added to negative investor sentiment, exacerbating market volatility. Additionally, the rupee weakened against the dollar, pushed down by soaring Treasury yields.

Moneyview shares extended their strong debut gains on Thursday, rising as much as 82% from the IPO price. After listing at Rs 55.61 on the BSE, a 64% premium to the Rs 34 issue price, the stock climbed another 11.5% to Rs 62.

India's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scale computing infrastructure surging, banks are exploring new financing opportunities. Axis Bank's exposure to the data centre sector is expected to double within three years. Additionally, the government is facilitating growth in this sector with favorable policies. Overall, the opportunity presents both promising potential and unique challenges.

In light of anticipated increases in benchmark interest rates by the Reserve Bank of India, Mumbai's banking sector appears poised for advancement. An influx of foreign currency non-resident bank deposits promises enhanced liquidity, potentially boosting profits. Private banks foresee robust growth in earnings as margins widen and operational costs decrease.

Machchhar, who was hailed for preventing a co-pilot from attempting to crash a Flydubai flight travelling from Dubai to Tel Aviv, continued to draw praise from neighbours, friends, educators and political leaders as updates on his condition emerged.

Govind Krishnan from Kerala left conventional school at 10 to study the Vedas at a gurukula in Thrissur. He later returned to regular schooling, cleared JEE, studied electronics and communication at IIST and was selected to join ISRO. His unusual journey reflects how he balanced traditional Vedic education with modern science and technology.

Highway Infrastructure shares jumped after the company secured toll operations orders worth Rs 254 crore from UPEIDA and NHAI. The key order, worth Rs 220.66 crore, involves toll collection and plaza operations on the Gorakhpur Link Expressway, along with deployment of patrol-cum-safety vehicles.

Captain Smit Machchhar displayed incredible bravery after being attacked by his co-pilot aboard Flydubai Flight FZ1073. Despite serious injuries, he managed to unlock the cockpit door, allowing others to intervene. His actions prevented a potential tragedy and saved the lives of 174 passengers on board. Indian leaders and aviation officials praised Machchhar for his extraordinary courage during the incident.

Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign inflows.

A fresh rift has emerged within Tata Trusts over Tata Sons proposed reorganisation, with Sir Dorabji Tata Trust vice chairmen Venu Srinivasan and Vijay Singh saying they were not consulted before a letter supporting the plan was sent to Tata Sons. The trustees questioned the process, governance implications and whether the communication represented the collective position of the trust.

Shares of travel tech firm TBO Tek rose nearly 3% on Thursday to Rs 1,733 after brokerage Nuvama initiated coverage with a Buy rating and a Rs 2,200 target price. The brokerage expects a 35% earnings CAGR over FY27-FY29E, driven by international expansion and hotel business growth.

Hyundai Motor India registered a total of 77,916 units sold in September 2026. This figure includes 57,166 units sold domestically, reflecting strong demand. Exports also showed growth, reaching 20,750 units during the same period. The company reported a year-on-year growth of 10.8 per cent across total sales. Tarun Garg, MD & CEO, expressed satisfaction with these record-breaking sales figures.

Nomura has unveiled a selection of 17 consumer stocks with 'Buy' ratings, forecasting robust demand even amid rising inventory costs that press margins. Their projections hint at average EBITDA growth of 13.8% year-over-year for these firms, far exceeding previous expectations. These optimistic target prices unveil significant upside potential, urging investors to evaluate their portfolios carefully before proceeding with any financial maneuvers.

Hospital stocks extended losses for a second session after the Supreme Court questioned steep markups on cancer drugs and raised concerns over hospitals requiring patients to buy medicines from their own or designated pharmacies.

Shares of Bajaj Auto and Mahindra & Mahindra (M&M) came under pressure after their September auto sales data, with Bajaj Auto falling nearly 6% and M&M hitting a fresh 52-week low. Bajaj Auto reported a 12% decline in domestic two-wheeler sales, although a 34% jump in exports lifted overall two-wheeler sales by 5% year-on-year to 4.51 lakh units.

Kataline Ltd has taken a significant step by filing draft papers with Sebi for an Initial Public Offering (IPO), aimed at amplifying its operational capabilities. This IPO will feature both a fresh issue and an Offer For Sale from the promoters, Amit and Ketaki Thatte. The company is set to utilize the raised funds for enhancing working capital and upgrading its manufacturing facilities.

Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII outflows and surging US bond yields, the market weakness marks the longest losing streak since 2001, surpassing the seven-week Covid crash.

India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players, while even giants like Infosys may lower their projections.

Jefferies indicates a modest growth outlook for IT companies in Q2 FY27, primarily fueled by acquisitions. Large IT firms are predicted to struggle, anticipating a mere 0.5% QoQ growth. Stocks such as TCS, Wipro, and HCL Tech are rated as underperforming with significant downside risks. In contrast, Infosys holds a steady hold rating with minimal upside, while mid-sized firms are expected to excel compared to their larger counterparts.

In the latest market analysis, it has been observed that about 50% of Nifty 500 stocks have significantly declined from their peak levels. A staggering 252 stocks have seen a drop of over 30%, with 102 stocks plummeting more than 50%. This downturn impacts large-cap stocks broadly. Although theres a possibility of a relief rally, foreign selling pressures pose continued risks.

Anarock Property Consultants Ltd has filed draft papers to raise Rs 1,000 crore via an IPO. The IPO will consist of a fresh issue of up to Rs 550 crore and an Offer For Sale of Rs 450 crore. Funds raised will support technology investments, business growth, and acquisitions, focusing on artificial intelligence and technology. The company previously raised Rs 200 crore from 360 One Asset Management in 2024.

Between July and September 2026, the IPO market saw remarkable activity, with seven newly listed stocks seeing their prices double from initial offerings. Despite the triumphs, others faced steep declines. Overall, these IPOs yielded an average return of 36.46%, standing in stark contrast to the wider market's lackluster performance. Investors should be diligent in evaluating company fundamentals before pursuing new investments.

In recent weeks, the NSE 500 index has faced significant setbacks, with declines in numerous stocks due to mounting economic pressures and foreign selling activities. Stock losses have ranged between 18% to 64% over the past two months. Contributing factors, such as surging crude oil prices and higher US bond yields, have turned market sentiment sour.

Vishal Nirmiti IPO entered Day 2 of bidding with the Rs 178-crore issue subscribed 5% on Day 1, led by 6% subscription in the retail category. The IPO comprises a Rs 145-crore fresh issue and Rs 33-crore OFS, with the issue closing on October 5. premium listing. Shares are expected to list on NSE and BSE on October 8.

Cupid shares hit a 52-week high after raising its FY27 guidance for the second time in two weeks, targeting Rs 800 crore revenue and Rs 250 crore net profit. Driven by strong domestic and international demand, the multibagger stock has surged 617% over the past year.

A closing price above the VWAP indicates that a stock ended the trading session higher than its volume-weighted average traded price for the day.

On September 30, three stocks in the NSE F&O segment recorded over 7% increases in futures open interest, indicating higher active contract positions and increased market participation.

On September 30, three Nifty500 stocks gained over 5% and appeared on StockEdges White Marubozu bullish technical scanner, signaling strong price momentum.

The governments Rs 1.86 lakh crore PM DHARA scheme is expected to boost renewable energy, power transmission, capital goods and cable companies. Targeting 135 GW renewable power evacuation, 50 GWh storage and 1213 HVDC projects through 20272036, the programme could create substantial long-term order opportunities for infrastructure and equipment manufacturers.

Anup Kumar Saha has been appointed by the Reserve Bank of India as managing director and CEO of Kotak Mahindra Bank. His three-year term will begin on January 1, 2027, succeeding Ashok Vaswani. Saha has extensive experience in financial services, including leadership roles at Bajaj Finance and ICICI Bank. The Kotak board will formalize this appointment and seek approval from shareholders.

Who is Captain Smit Machchhar? Captain Smit Machchhar, an Indian pilot flying for flydubai, is being credited with saving all 180 people on board Flight FZ1073 after his co-pilot allegedly stabbed him and tried to force the plane into a crash mid-flight from Dubai to Tel Aviv. Cabin crew entered the cockpit during the struggle as the aircraft lost altitude sharply, and the plane later stabilised and diverted to Tabuk in Saudi Arabia. Who is Smit Machchar?

Defense Secretary Pete Hegseth announced a significant plan to cut 20% of the military's generals and admirals. This decision comes during ongoing military engagements with Iran and Venezuela, adding pressure to U.S. forces. Hegseth's focus includes eliminating perceived 'woke' culture and diversity programs within the military. Senators expressed concerns regarding these cuts and their long-term impact on military leadership. The cuts are expected to be implemented by January 1, 2027.

Securities and Exchange Board of India has ordered a refund for investors affected by Growpital's scheme. The refund will involve 192.88 crore raised from over five thousand investors through unregistered entities. Sebi will verify investor details with Cashfree Payments before issuing refunds proportionately. Investors will receive interest at a rate of 12% per annum from the date of the interim order.

September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.

In a landmark ruling, the Supreme Court of India highlighted troubling markups on cancer drugs enforced by hospitals, urging a probe into reports of patients being directed to specific pharmacies for their medications. Following this announcement, the BSE Hospitals Index faced a steep 5% drop, leading to notable losses for industry giants like Apollo Hospitals and Fortis Healthcare.

Indian equity benchmarks experienced a decline over two sessions due to profit booking and rising oil prices. The Nifty 50 index closed down by 95.75 points, reaching 22,620.45. Jio Financial Services and Allianz Europe B.V. have invested in their joint venture for business operations. Infosys has expanded its partnership with ABN AMRO for AI-driven transformation initiatives.

As investors approach October, the landscape is shaped by high crude oil prices, increasing bond yields, and continued foreign selling. Historically, October has favored positive market returns, yet recent downturns could challenge this pattern. With the earnings season on the horizon, corporate profitability, particularly within large-cap stocks, will be under scrutiny.