49 stories from 3 sources
Supporting Articles
Indian equities are expected to open lower after a recent rally, with GIFT Nifty indicating a weak start. Foreign investors remained net sellers while domestic institutions bought shares, and the rupee weakened for a third straight session as crude oil prices stayed elevated.
8:30 PMEconomic Times
The Sensex and Nifty recovered on Monday after four sessions of losses as investors bought stocks at lower prices. The rebound remains vulnerable to geopolitical uncertainty and elevated crude oil prices.
8:15 PMEconomic Times
Six BSE 100 stocks reached fresh 52-week lows even as the Sensex rose 483 points to 73,606. Yes Bank recorded the steepest monthly decline, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products.
8:43 AMEconomic Times
India's smallcap sell-off is intensifying as margin trading facility positions retreat from record levels. Nearly Rs 72,000 crore of MTF exposure is tied to smallcaps, creating a risk of forced selling, although SEBI safeguards may contain broader systemic damage.
11:01 AMEconomic Times
At least four analysts downgraded Infosys after the company reduced its annual sales forecast. The revisions have intensified concerns that artificial intelligence is disrupting demand for traditional software services.
11:58 PMBloomberg Markets
The Defence Acquisition Council cleared procurement proposals worth Rs 2.12 lakh crore for helicopters, drones, air-defence systems, artillery and naval platforms. About 82% of the proposed procurement is expected to come from domestic industry, lifting shares of HAL, BEL, Paras Defence and other defence companies.
11:47 PMEconomic Times
Major non-bank lenders, including Shriram Finance and Bajaj Finance, are restricting new lending in drought-affected areas as weak monsoon rainfall threatens borrowers' repayment capacity. They are lowering loan-growth expectations, intensifying collections, and monitoring vulnerable states more closely.
9:04 PMEconomic Times
Paytm's consolidated net profit rose 976% year on year to Rs 226 crore in the quarter, from Rs 21 crore a year earlier. Revenue from operations increased 28% to Rs 2,648 crore.
11:45 AMEconomic Times
Mankind Pharma's September-quarter profit rose 37.7% to Rs 716 crore, while operating revenue increased to Rs 4,337.9 crore from Rs 3,697.2 crore a year earlier. Growth came from domestic and international operations, with the acquisition of Armed Cell Therapeutics expected to strengthen research capabilities.
10:00 PMEconomic Times
Dalmia Bharat reported a consolidated loss of Rs 205 crore in the September quarter after booking a Rs 339 crore exceptional charge for asset impairment and employee separation. Sales volume rose 3% year on year and revenue increased 4% to Rs 3,563 crore, but EBITDA fell 29% as power and fuel costs climbed 22%.
2:19 PMEconomic TimesSummary
Indian equities are expected to open lower after a recent rally, with GIFT Nifty indicating a weak start. Foreign investors remained net sellers while domestic institutions bought shares, and the rupee weakened for a third straight session as crude oil prices stayed elevated.
The market's near-term direction remains hostage to external risks, especially geopolitical developments and oil prices,
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Higher crude and continued foreign outflows threaten to turn a short-lived rebound into another period of pressure for Indian assets.
Summary
The Sensex and Nifty recovered on Monday after four sessions of losses as investors bought stocks at lower prices. The rebound remains vulnerable to geopolitical uncertainty and elevated crude oil prices.
The rally reflects tactical buying rather than a clear change in risk appetite, since oil
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A higher oil bill could limit the upside from cheaper valuations and keep Indian equities sensitive to every geopolitical shock.
Summary
Six BSE 100 stocks reached fresh 52-week lows even as the Sensex rose 483 points to 73,606. Yes Bank recorded the steepest monthly decline, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products.
The divergence between the benchmark gain and these stocks' declines points to concentrated weakness beneath
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A rising index is masking sharp stock-level losses and a narrower market advance.
Summary
India's smallcap sell-off is intensifying as margin trading facility positions retreat from record levels. Nearly Rs 72,000 crore of MTF exposure is tied to smallcaps, creating a risk of forced selling, although SEBI safeguards may contain broader systemic damage.
The decisive shift is from leveraged buying to deleveraging, which can turn falling prices into
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The unwind of leveraged smallcap positions could make a market correction faster and more disorderly.
Summary
At least four analysts downgraded Infosys after the company reduced its annual sales forecast. The revisions have intensified concerns that artificial intelligence is disrupting demand for traditional software services.
The weaker outlook shifts the debate from temporary softness to a possible structural threat to
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The downgrades signal that AI risk is now directly affecting valuations across India's major IT exporters.
Summary
The Defence Acquisition Council cleared procurement proposals worth Rs 2.12 lakh crore for helicopters, drones, air-defence systems, artillery and naval platforms. About 82% of the proposed procurement is expected to come from domestic industry, lifting shares of HAL, BEL, Paras Defence and other defence companies.
The domestic sourcing requirement strengthens the revenue pipeline for Indian defence manufacturers, but the clearances
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The decision reinforces defence spending and indigenisation as durable investment themes in Indian manufacturing.
Summary
Major non-bank lenders, including Shriram Finance and Bajaj Finance, are restricting new lending in drought-affected areas as weak monsoon rainfall threatens borrowers' repayment capacity. They are lowering loan-growth expectations, intensifying collections, and monitoring vulnerable states more closely.
Weak rainfall is shifting rural lenders from growth to credit protection, particularly in regions where
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The rural slowdown could pressure NBFC growth and raise provisions across lenders with significant exposure to agricultural and informal borrowers.
Summary
Paytm's consolidated net profit rose 976% year on year to Rs 226 crore in the quarter, from Rs 21 crore a year earlier. Revenue from operations increased 28% to Rs 2,648 crore.
Paytm has moved from a thin profit base to a materially stronger earnings position while
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Paytm is showing that its recovery is translating into profits, not just transaction growth.
Summary
Mankind Pharma's September-quarter profit rose 37.7% to Rs 716 crore, while operating revenue increased to Rs 4,337.9 crore from Rs 3,697.2 crore a year earlier. Growth came from domestic and international operations, with the acquisition of Armed Cell Therapeutics expected to strengthen research capabilities.
Mankind's earnings growth is broad-based rather than dependent on a single market, improving the company's
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Strong domestic execution and expanding research capacity give Mankind a credible platform for sustaining growth beyond one quarter.
Summary
Dalmia Bharat reported a consolidated loss of Rs 205 crore in the September quarter after booking a Rs 339 crore exceptional charge for asset impairment and employee separation. Sales volume rose 3% year on year and revenue increased 4% to Rs 3,563 crore, but EBITDA fell 29% as power and fuel costs climbed 22%.
The exceptional charge explains the headline loss, but weaker operating profitability points to a broader
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Dalmia Bharat is growing sales but losing profitability, making energy costs and restructuring execution the key near-term risks.
A curated list of other prominent stories from this day.
BLS Polymers opened its Rs 255-crore IPO on October 27, with bidding scheduled to close on October 29. The issue is priced at Rs 142-150 per share, while its grey market premium suggests a potential 27% listing gain; proceeds will fund expansion, working capital and corporate needs.
11:49 PMEconomic Times
Five NSE futures and options stocks recorded more than 7% growth in futures open interest on October 26. Radico Khaitan led with a 16.05% increase, followed by Mankind Pharma at 9.6%.
11:26 PMEconomic Times
Suyash Choudhary, CIO of Fixed Income at Bandhan AMC, expects Indian bond yields to rise further over the next few months. He advises investors to avoid aggressive positions in long-duration and lower-quality credit assets.
11:24 PMEconomic Times
SFC Environmental Technologies plans to raise Rs 150 crore through a fresh issue, while existing shareholders will offer shares worth Rs 517.5 crore. The company has reported steady revenue and profit growth, but its cash flows are uneven because of high working capital needs and its dependence on government contracts.
8:49 PMEconomic Times
Jio Platforms raised Rs 30,213 crore in what was described as India's largest IPO, paying investment banks Rs 196 crore in fees, or 0.65% of the proceeds. Hyundai Motor India's Rs 27,859 crore offering paid Rs 493 crore, equivalent to 1.77% of the funds raised.
8:24 PMEconomic Times
Retail investors bought Rs 10,572 crore of shares in the secondary market in September after staying largely inactive for two months. They also purchased Rs 5,650 crore in primary-market shares, even as foreign portfolio investors continued selling.
8:14 PMEconomic Times
The government is consulting investors and tax experts on long-term capital gains tax and securities transaction tax as it reassesses capital-market levies. The review comes amid substantial foreign portfolio outflows and concerns that India's tax structure could reduce the appeal of its equities relative to other markets.
8:00 PMEconomic Times
India's petroleum product export earnings rose nearly 50% in rupee terms during April-September, even as shipment volumes fell 16%. Higher international prices and a weaker rupee drove the increase, with diesel accounting for the largest share of export volumes and earnings growth.
8:00 PMEconomic Times
MakeMyTrip is expanding beyond flights and hotels as weaker air travel pushes Indian online travel companies toward less digitized parts of the market. The competition is shifting toward building supply and demand in ground transport, activities and other travel services.
1:03 PMSkift
Tamilnad Mercantile Bank reported a record quarterly net profit of Rs 451 crore, up 42% year on year. Interest income rose to Rs 1,820 crore, with management attributing the performance to stronger net interest income.
11:26 AMEconomic Times
Indian Overseas Bank plans to raise $500 million through two external commercial borrowings by December. Its second-quarter net profit rose 56% to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.
11:14 AMEconomic Times
MakeMyTrip reported a second-quarter net profit of $1.8 million, reversing a loss of $5.7 million a year earlier. Revenue rose 11.2% to $235.2 million, while gross bookings increased 20.9%, led by hotels, transport and its AI-powered travel assistant Myra.
11:06 AMEconomic Times
Bank of Maharashtra's second-quarter net profit rose 41.5% year on year to Rs 2,310 crore. Higher income, deposit and credit growth, improving asset quality and a 2.02% return on assets supported the result.
11:04 AMEconomic Times
Tata Consumer Products reported a 16% year-on-year increase in Q2 FY27 net profit to Rs 470 crore, while revenue rose 14% to Rs 5,661 crore. EBITDA grew 18% to Rs 794 crore, supported by strong Indian volumes, salt demand and growth businesses.
8:12 AMEconomic TimesIndian refiners are increasing purchases of Persian Gulf crude while reducing reliance on Russia, as sharply higher freight costs weaken the economics of transporting Russian oil over longer distances.
7:37 AMBloomberg Markets
ITC Hotels reported second-quarter revenue of Rs 1,054 crore, up 26% year on year, while profit after tax rose 52% to Rs 203 crore. Higher room rates, stronger occupancy and business-events demand supported the results, alongside expansion through new signings, the Welcomhotel Ahmedabad acquisition and a Lucknow land allotment.
7:20 AMEconomic Times
IndiGo and the Air India group have agreed to shift international flights to Navi Mumbai in phases through 2027. The strategy aims to distribute traffic across Mumbai’s two airports, but its success will depend on whether foreign carriers also move operations and preserve connecting networks.
6:22 AMSkiftSembcorp Industries is meeting investors to test demand for an IPO of its Indian renewable-energy unit, Sembcorp Green Infra. The offering could raise as much as $394 million.
3:55 AMBloomberg MarketsCitadel Securities plans to move into a larger India office early next year as it expands its presence in the country’s growing financial markets.
1:39 AMBloomberg MarketsASK Investment Managers has appointed Akhil Chaturvedi as chief executive of its mutual fund business. The hiring follows regulatory approval in February to enter the sector.
1:13 AMBloomberg MarketsSummary
BLS Polymers opened its Rs 255-crore IPO on October 27, with bidding scheduled to close on October 29. The issue is priced at Rs 142-150 per share, while its grey market premium suggests a potential 27% listing gain; proceeds will fund expansion, working capital and corporate needs.
The grey market premium points to strong near-term demand, but it is not a guarantee
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The issue offers a market test of investor appetite for smaller industrial companies amid elevated IPO activity.
Summary
Five NSE futures and options stocks recorded more than 7% growth in futures open interest on October 26. Radico Khaitan led with a 16.05% increase, followed by Mankind Pharma at 9.6%.
The jump in open interest signals a build-up of futures positions, but it does not
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Rising open interest can precede larger price moves, making these stocks more relevant for short-term traders but not automatically stronger investments.
Summary
Suyash Choudhary, CIO of Fixed Income at Bandhan AMC, expects Indian bond yields to rise further over the next few months. He advises investors to avoid aggressive positions in long-duration and lower-quality credit assets.
The risk of higher yields favors shorter-duration fixed-income strategies because longer-maturity bonds would face greater
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A sustained rise in yields could reduce bond returns and redirect demand toward shorter-maturity, higher-quality debt.
Summary
SFC Environmental Technologies plans to raise Rs 150 crore through a fresh issue, while existing shareholders will offer shares worth Rs 517.5 crore. The company has reported steady revenue and profit growth, but its cash flows are uneven because of high working capital needs and its dependence on government contracts.
The IPO would strengthen the balance sheet through debt repayment, but most proceeds will go
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The offering presents a growth story with meaningful execution and liquidity risks, making cash conversion more important than reported profit growth.
Summary
Jio Platforms raised Rs 30,213 crore in what was described as India's largest IPO, paying investment banks Rs 196 crore in fees, or 0.65% of the proceeds. Hyundai Motor India's Rs 27,859 crore offering paid Rs 493 crore, equivalent to 1.77% of the funds raised.
Jio's scale and negotiating leverage allowed it to secure substantially lower underwriting costs than Hyundai
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The fee gap could reset pricing expectations for India's IPO market, especially for issuers with strong brands and high investor demand.
Summary
Retail investors bought Rs 10,572 crore of shares in the secondary market in September after staying largely inactive for two months. They also purchased Rs 5,650 crore in primary-market shares, even as foreign portfolio investors continued selling.
Retail participation is returning after the market decline, but the buying may reflect bargain hunting
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Retail flows are cushioning foreign outflows, but their stability will be tested if market volatility and macroeconomic pressure persist.
Summary
The government is consulting investors and tax experts on long-term capital gains tax and securities transaction tax as it reassesses capital-market levies. The review comes amid substantial foreign portfolio outflows and concerns that India's tax structure could reduce the appeal of its equities relative to other markets.
The consultations signal that policymakers are weighing market competitiveness against revenue collection. Any reduction in
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A tax reset could influence foreign capital flows, trading costs, and the valuation premium investors are willing to assign to Indian equities.
Summary
India's petroleum product export earnings rose nearly 50% in rupee terms during April-September, even as shipment volumes fell 16%. Higher international prices and a weaker rupee drove the increase, with diesel accounting for the largest share of export volumes and earnings growth.
The gain came from pricing and currency effects, not stronger export demand. Refiners benefited from
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The data shows India's fuel export performance is currently more exposed to global prices and currency movements than to shipment growth.
Summary
MakeMyTrip is expanding beyond flights and hotels as weaker air travel pushes Indian online travel companies toward less digitized parts of the market. The competition is shifting toward building supply and demand in ground transport, activities and other travel services.
The strategic shift is from aggregating established inventory to digitizing fragmented travel supply. MakeMyTrip can
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India's online travel market is entering a broader competition for control of fragmented travel services.
Summary
Tamilnad Mercantile Bank reported a record quarterly net profit of Rs 451 crore, up 42% year on year. Interest income rose to Rs 1,820 crore, with management attributing the performance to stronger net interest income.
The bank's earnings growth is being driven primarily by its core lending spread rather than
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The result shows that a smaller private-sector lender can still generate strong growth from traditional banking income.
Summary
Indian Overseas Bank plans to raise $500 million through two external commercial borrowings by December. Its second-quarter net profit rose 56% to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.
The fundraising plan comes as improved profitability and asset quality strengthen the bank's capacity to
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The bank is moving from balance-sheet repair toward growth, increasing both its lending capacity and execution risks.
Summary
MakeMyTrip reported a second-quarter net profit of $1.8 million, reversing a loss of $5.7 million a year earlier. Revenue rose 11.2% to $235.2 million, while gross bookings increased 20.9%, led by hotels, transport and its AI-powered travel assistant Myra.
Bookings are growing nearly twice as fast as revenue, indicating that volume expansion has not
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MakeMyTrip is becoming less dependent on flights, but must convert rising bookings into durable margins.
Summary
Bank of Maharashtra's second-quarter net profit rose 41.5% year on year to Rs 2,310 crore. Higher income, deposit and credit growth, improving asset quality and a 2.02% return on assets supported the result.
The bank is combining balance-sheet growth with lower credit stress, a stronger earnings mix than
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Bank of Maharashtra is turning asset-quality repair into a platform for faster and more profitable growth.
Summary
Tata Consumer Products reported a 16% year-on-year increase in Q2 FY27 net profit to Rs 470 crore, while revenue rose 14% to Rs 5,661 crore. EBITDA grew 18% to Rs 794 crore, supported by strong Indian volumes, salt demand and growth businesses.
Profit and operating earnings grew faster than revenue, pointing to improved execution and operating leverage.
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Tata Consumer is showing that stronger volumes and newer businesses can drive earnings growth beyond price increases.
Summary
Indian refiners are increasing purchases of Persian Gulf crude while reducing reliance on Russia, as sharply higher freight costs weaken the economics of transporting Russian oil over longer distances.
Freight has shifted the relative advantage from discounted Russian barrels toward Gulf supplies. The change
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India's oil sourcing is becoming more sensitive to shipping costs, not just crude discounts and sanctions.
Summary
ITC Hotels reported second-quarter revenue of Rs 1,054 crore, up 26% year on year, while profit after tax rose 52% to Rs 203 crore. Higher room rates, stronger occupancy and business-events demand supported the results, alongside expansion through new signings, the Welcomhotel Ahmedabad acquisition and a Lucknow land allotment.
ITC Hotels is converting strong demand into faster profit growth while expanding its future room
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The performance shows India’s hotel cycle remains strong enough to support both pricing power and aggressive portfolio expansion.
Summary
IndiGo and the Air India group have agreed to shift international flights to Navi Mumbai in phases through 2027. The strategy aims to distribute traffic across Mumbai’s two airports, but its success will depend on whether foreign carriers also move operations and preserve connecting networks.
The phased transfer gives airlines time to manage connectivity, slots and customer disruption, but it
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Navi Mumbai’s commercial value will be measured by network coordination, not just the number of flights relocated there.
Summary
Sembcorp Industries is meeting investors to test demand for an IPO of its Indian renewable-energy unit, Sembcorp Green Infra. The offering could raise as much as $394 million.
Investor meetings will determine whether Sembcorp can monetize part of its Indian clean-energy platform at
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The deal would offer a fresh test of investor appetite for India’s renewable-energy assets and infrastructure growth story.
Summary
Citadel Securities plans to move into a larger India office early next year as it expands its presence in the country’s growing financial markets.
The larger office signals a commitment to building a deeper India operation rather than treating
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Citadel’s expansion adds another major global market-maker to India’s push for deeper and more competitive financial markets.
Summary
ASK Investment Managers has appointed Akhil Chaturvedi as chief executive of its mutual fund business. The hiring follows regulatory approval in February to enter the sector.
The appointment moves ASK’s mutual fund expansion from regulatory approval to execution. Chaturvedi’s experience at
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ASK is adding operating leadership as it turns a newly approved mutual fund business into a competitive growth platform.
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