First Pass

15 stories from 1 source

Indian stocks face prolonged pressure as earnings and liquidity are tested

Day’s Recap

Supporting Articles

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 Times

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 Times

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.

12:15 AMEconomic Times

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.

6:06 AMEconomic Times

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.

4:38 AMEconomic Times

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.

1:16 AMEconomic Times

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 Times

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.

5:46 AMEconomic Times

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.

4:40 AMEconomic Times

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.

3:55 AMEconomic Times

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.

2:30 AMEconomic Times

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.

2:15 AMEconomic Times

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