Indian equities are approaching a ninth consecutive weekly decline after their longest losing streak in 25 years. High oil prices, rising US bond yields, foreign-investor selling and a weaker rupee remain key pressures as investors await results from TCS, DMart and other companies.
11:44 PMEconomic Times15 stories from 1 source
Indian stocks face prolonged pressure as earnings and liquidity are tested
Day’s Recap
Supporting Articles
The Nifty has fallen modestly below its 200-week moving average at 22,606.97, marking its first breach of that long-term level since March 2020. The 22,600 area is therefore likely to remain the key technical level as traders assess the prospect of an oversold rebound amid elevated volatility.
5:38 AMEconomic TimesAnalysts expect further pressure on Indian equities in October despite an eight-week correction in the Nifty. The main risks are US yields above 5%, a strong dollar, higher crude prices and weakness in the rupee.
12:15 AMEconomic TimesAvenue Supermarts reported standalone second-quarter revenue of Rs 19,206.18 crore, up 18.4% from Rs 16,218.79 crore a year earlier and 4.7% from the previous quarter. Its store network reached 518 outlets.
6:06 AMEconomic TimesSebi is preparing a framework to revise the Closing Auction Session after receiving more than 3,500 comments on its consultation paper covering market timings and settlement methods. The regulator is also examining derivatives settlement prices and developing measures for corporate bond derivatives.
4:38 AMEconomic TimesJio Platforms may launch an IPO on October 21, with the anchor book potentially opening on October 19 and the issue closing on October 23. The shares could list on October 28, though the timetable and estimated $3.8 billion size remain subject to market conditions.
1:16 AMEconomic TimesWill Nifty, Sensex plunge for 9th straight week? TCS Q2, RBI MPC among 4 factors to drive Dalal Street from Monday
Summary
Indian equities are approaching a ninth consecutive weekly decline after their longest losing streak in 25 years. High oil prices, rising US bond yields, foreign-investor selling and a weaker rupee remain key pressures as investors await results from TCS, DMart and other companies.
The market's direction now depends on whether earnings can offset tightening global financial conditions and
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Corporate earnings face a tougher test because macroeconomic stress is driving both valuations and capital flows.
Dalal Street Week Ahead: Oversold Nifty may rebound as volatility stays high
Summary
The Nifty has fallen modestly below its 200-week moving average at 22,606.97, marking its first breach of that long-term level since March 2020. The 22,600 area is therefore likely to remain the key technical level as traders assess the prospect of an oversold rebound amid elevated volatility.
The breach weakens the index's long-term technical structure and turns 22,600 into immediate support rather
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The Nifty's response around 22,600 could determine whether the selloff stabilizes or develops into a broader downtrend.
Bleak Winter! Why analysts are hinting at painful October even after 8 weeks of Nifty correction?
Summary
Analysts expect further pressure on Indian equities in October despite an eight-week correction in the Nifty. The main risks are US yields above 5%, a strong dollar, higher crude prices and weakness in the rupee.
The correction has not removed the macro pressures weighing on Indian assets. Higher US yields
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Indian stocks may remain vulnerable even after their recent decline because the global rate, currency and energy backdrop is still unfavorable.
D-Mart Q2 revenue rises 18% to Rs 19,206 cr; store count at 518
Summary
Avenue Supermarts reported standalone second-quarter revenue of Rs 19,206.18 crore, up 18.4% from Rs 16,218.79 crore a year earlier and 4.7% from the previous quarter. Its store network reached 518 outlets.
The sequential increase shows continued sales momentum, while the expanded store base remains the main
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D-Mart is still delivering strong top-line growth, but future valuation will depend on the profitability of its store expansion.
Sebi to soon issue framework on Closing Auction Session; receives over 3,500 comments
Summary
Sebi is preparing a framework to revise the Closing Auction Session after receiving more than 3,500 comments on its consultation paper covering market timings and settlement methods. The regulator is also examining derivatives settlement prices and developing measures for corporate bond derivatives.
The volume of feedback indicates that changes to closing auctions and settlement rules could affect
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The forthcoming framework could change end-of-day trading mechanics and risk management across Indian markets.
Jio Platforms IPO may open on October 21, issue estimated at $3.8 billion: Report
Summary
Jio Platforms may launch an IPO on October 21, with the anchor book potentially opening on October 19 and the issue closing on October 23. The shares could list on October 28, though the timetable and estimated $3.8 billion size remain subject to market conditions.
A deal of this size would become a major test of investor demand and market
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Jio Platforms could draw substantial capital away from other offerings and reset expectations for India's primary market.
Other Developments
A curated list of other prominent stories from this day.
A group of penny stocks suffered steep declines over the past two months, with losses reaching 57%. Kalind fell the most, while Cropster Agro and PVV Infra also recorded sharp drops of 52% and 41%, respectively.
11:52 PMEconomic TimesSebi is reviewing position limits for non-agricultural commodity contracts as it seeks to improve liquidity and market depth. It is also weighing phased physical settlement for agricultural commodities and plans to expand investor education through Project Jagrook.
5:46 AMEconomic TimesCube Highways Trust raised Rs 1,150 crore through senior secured, AAA-rated non-convertible debentures carrying a 7.50% annual coupon, payable quarterly over five years. Axis Bank and ICICI Bank participated as key investors, with the proceeds earmarked for debt refinancing and capital projects.
4:40 AMEconomic TimesSBI Securities' Sudeep Shah identified 22,600 as a key support level for the Nifty and discussed options data and trading strategy for the coming week. His analysis covered PB Fintech, Infosys and TCS ahead of their second-quarter results.
3:55 AMEconomic TimesNine large-cap stocks gained more than 50% in the first half of FY27, substantially outperforming the broader benchmark. The list is based on stock performance data compiled by ACE Equity.
2:30 AMEconomic TimesAxis identified seven large-cap stocks that it considers attractive after the market's sharp correction, with estimated upside of as much as 44%. The recommendations are based on the brokerage's assessment of valuation and recovery potential.
2:15 AMEconomic TimesMahindra Manulife Mutual Fund's CIO views the correction in Indian equities as cyclical rather than the start of a deeper earnings reset. Markets are contending with energy price volatility, geopolitical tensions and uncertainty over the employment impact of AI-led disruption.
1:39 AMEconomic TimesThe IPO market is entering a quieter week after companies raised about Rs 39,000 crore in September, although 29 stocks are scheduled to list. Activity had recovered from a muted first four months of FY27 as listing gains and steady liquidity restored investor interest.
12:11 AMEconomic TimesFive companies are set to carry out bonus issues or stock splits next week, according to the current schedule. The list remains tentative because additional companies may announce record dates during the week.
12:02 AMEconomic Times9 penny stocks crash up to 57% in just 2 months
Summary
A group of penny stocks suffered steep declines over the past two months, with losses reaching 57%. Kalind fell the most, while Cropster Agro and PVV Infra also recorded sharp drops of 52% and 41%, respectively.
The sell-off shows that speculative, low-priced shares remain highly vulnerable when liquidity and risk appetite
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The damage reinforces the need to treat penny stocks as high-risk trades, not low-cost investments.
Sebi examining position limits for non-agri contracts to boost liquidity
Summary
Sebi is reviewing position limits for non-agricultural commodity contracts as it seeks to improve liquidity and market depth. It is also weighing phased physical settlement for agricultural commodities and plans to expand investor education through Project Jagrook.
A review of position limits could allow larger participation and tighter trading spreads in non-agricultural
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The regulatory changes could reshape participation, liquidity and risk management across India's commodity markets.
Cube Highways Trust secures Rs.1,150 crore through AAA-rated NCDs
Summary
Cube Highways Trust raised Rs 1,150 crore through senior secured, AAA-rated non-convertible debentures carrying a 7.50% annual coupon, payable quarterly over five years. Axis Bank and ICICI Bank participated as key investors, with the proceeds earmarked for debt refinancing and capital projects.
The issue gives Cube Highways access to relatively low-cost, long-term funding and reduces refinancing pressure.
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The fundraising strengthens Cube Highways' balance sheet while supporting further investment in infrastructure assets.
F&O Talk: 22,600 is a key Nifty support; Sudeep Shah discusses PB Fintech, Infosys, TCS strategy ahead of Q2
Summary
SBI Securities' Sudeep Shah identified 22,600 as a key support level for the Nifty and discussed options data and trading strategy for the coming week. His analysis covered PB Fintech, Infosys and TCS ahead of their second-quarter results.
The 22,600 level becomes the key technical marker for judging whether the Nifty's near-term trend
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The outlook gives traders a defined index risk level while highlighting three stocks where earnings could drive volatility.
9 large-cap stocks that surged over 50% in the first half of FY27
Summary
Nine large-cap stocks gained more than 50% in the first half of FY27, substantially outperforming the broader benchmark. The list is based on stock performance data compiled by ACE Equity.
The sharp gains show that market returns have been concentrated in a small group of
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The screen identifies market leaders but also flags concentration and valuation risks after outsized gains.
Stocks to buy: Axis picks 7 largecap stocks with upside potential of up to 44%. See full list
Summary
Axis identified seven large-cap stocks that it considers attractive after the market's sharp correction, with estimated upside of as much as 44%. The recommendations are based on the brokerage's assessment of valuation and recovery potential.
The recommendations reflect a shift toward buying quality large caps at lower valuations after the
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The list offers a measure of where analysts see mispricing after the correction, but the wide upside estimates also signal uncertainty.
Indian stocks face a cyclical correction, not a deeper earnings reset: Mahindra Manulife MF CIO
Summary
Mahindra Manulife Mutual Fund's CIO views the correction in Indian equities as cyclical rather than the start of a deeper earnings reset. Markets are contending with energy price volatility, geopolitical tensions and uncertainty over the employment impact of AI-led disruption.
The distinction matters because a cyclical correction implies weaker sentiment and valuations without a broad
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The outlook supports selective positioning rather than a wholesale exit from Indian equities, but it leaves markets exposed to global shocks.
IPO Calendar: Quiet week ahead after Rs 39,000 crore September rush, but Street to see 29 listings
Summary
The IPO market is entering a quieter week after companies raised about Rs 39,000 crore in September, although 29 stocks are scheduled to list. Activity had recovered from a muted first four months of FY27 as listing gains and steady liquidity restored investor interest.
The pipeline remains active, but the reduced issuance pace suggests issuers may be responding to
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Listing performance will influence both investor appetite and the willingness of companies to bring more IPOs to market.
Bonus issues & stock split: 5 stocks rewarding shareholders next week
Summary
Five companies are set to carry out bonus issues or stock splits next week, according to the current schedule. The list remains tentative because additional companies may announce record dates during the week.
These actions change the number of shares held or their face value but do not
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Shareholders must track the record dates to qualify, while traders should distinguish mechanical price adjustments from genuine business gains.
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