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Market Summary
Indexes
Bias stays defensive until buyers prove they can absorb the supply.
Bias stays defensive until buyers prove they can absorb the supply.
Market data: Live data is still warming up. Refresh shortly for a fuller market read.
What Happened in the Market Today
Insurance reform: IRDAI is open to suggestions and says it does not intend to disrupt agents’ livelihoods.
Capital raising: Piramal Finance directors approved a ₹1,750-cr preferential warrant allotment to the promoter group.
Development agenda: Sitharaman urged the World Bank to put the private sector at the centre of development.
Earnings
IIFL Finance: Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%. The result was unusual enough that the stock may see a sharp reaction.
L&T Finance: L&T Finance Q2 net profit rises 33% to Rs 975 crore. The result was unusual enough that the stock may see a sharp reaction.
What to Watch
India VIX: +3.61% to 14.63. Volatility rose, so keep stop-losses tight in case the market swings suddenly.
Corporate action: Stock split record date - Last day to buy today to qualify; This stock has surged 5,123% in three years - Do you own it?. This event can keep the stock active until the record date or board update passes.
LATEST UPDATES
Mint Companies
California orders lenders to report on their handling of insurance payouts to LA fire survivors
The update could influence rates, liquidity, and market sentiment.
Key Takeaway
California’s insurance-payout scrutiny could increase compliance costs for lenders and affect financial-sector stocks with US exposure.
ET Economy
India-US trade pact in last leg of legal drafting, says Piyush Goyal
India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon.
Key Takeaway
A near-term India-US trade pact could improve export visibility and benefit Indian sectors facing US tariffs.
ET Economy
India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit
India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods.
Key Takeaway
Stronger exports and lower imports narrow India’s trade deficit, supporting the rupee and reducing external financing pressure.
Economic Times
US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare
After a rocky start, the S&P 500 experienced a resurgence, largely spurred by investments in the healthcare and consumer segments.
Key Takeaway
Healthcare leadership signals sector rotation, encouraging Indian investors to diversify beyond technology-heavy portfolios.
Mint Markets
Global stocks flat as AI and rate fears hit tech
The update could influence rates, liquidity, and market sentiment.
Key Takeaway
Global tech weakness from AI valuations and rate fears may pressure Indian IT stocks and broader risk appetite.
Economic Times
AI stock selloff eases as investors buy on dips amid falling bond yields
A selloff in risky AI-linked stocks eased as buyers returned to technology amid falling bond yields.
Key Takeaway
Falling yields and dip-buying could revive AI sentiment, benefiting Indian technology investors indirectly but preserving valuation risks.
Mint Companies
CoreWeaves slump spotlights growing burden of debt behind AI boom
The update could influence rates, liquidity, and market sentiment.
Key Takeaway
CoreWeave’s debt burden highlights financing risks across AI infrastructure, cautioning investors against speculative, highly leveraged AI plays.
ET Economy
Markets will push the US to act constructively: Nouriel Roubini
Nouriel Roubini highlighted the significance of India's emerging economy during a recent event in Dubai.
Key Takeaway
Markets may pressure Washington toward constructive policies, potentially reducing uncertainty for global trade, currencies, and Indian equities.
Mint Companies
Canada’s Joly Threatens to Force Cleveland-Cliffs Asset Sale
Canada’s industry minister said the government has the power to try to force Cleveland-Cliffs Inc.
Key Takeaway
Potential forced asset sales could disrupt steel-sector competition and affect global commodity prices relevant to Indian producers.
Mint Markets
Brent steady as US weighs easing sanctions on global shadow fleet
The update could influence rates, liquidity, and market sentiment.
Key Takeaway
Easing sanctions could increase oil supply, potentially lowering India’s import bill and benefiting fuel-sensitive sectors.
Mint Markets
Indian mutual funds stop bulk subscriptions to gold ETFs ahead of festive season
The update may affect fund flows, SIP trends, and AMC sentiment.
Mint Markets
Stock split record date: Last day to buy today to qualify; This stock has surged 5,123% in three years - Do you own it?
Jattashankar Industries has announced a 1:10 stock split, converting each ₹10 share into 10 shares with a face value of Re 1 each.
Mint Markets
Wipro returns over ₹17,000 crore to shareholders through buyback, dividend, 2.6 times its H1 profit
Wipro returned ₹17,029 crore to shareholders in the first half of FY27, well above its net profit, after completing a major share buyback and...
BS Companies
Prosus Ventures leads $1.5 million funding in space startup Cosmochute
Cosmochute is developing its LEAP lunar mobility platform to support payload transportation and deployment on the Moon, with funding aimed at accelerating development and...
Mint Companies
ADB, govt of Japan sign financing pact with AM Green Ammonia
The deal includes a $100 million JICA-financed loan to help build a 1.1-million-tonne renewable-powered green ammonia facility in Kakinada, Andhra Pradesh.