15/10/26, WIPRO

Wipro on Thursday forecast IT services revenue growth of -1.5 percent to 0.5 percent sequentially in constant currency for the third quarter of FY27, the same range it had guided for the second quarter in July.

Total bookings stood at $2.6 billion, down nearly 23 percent sequentially, while large deal bookings fell almost 60 percent to $0.7 billion.

The IT services operating margin expanded 50 basis points sequentially to 16.5 percent. Chief Financial Officer Aparna C Iyer said the improvement came despite continued investments in the business and employees. Operating cash flow stood at 166 percent of net income for the quarter, she added.

Voluntary attrition on a trailing 12-month basis edged down to 13.8 percent from 13.9 percent in the June quarter.

“The strategic investments we have been making are beginning to deliver results. They are enhancing our ability to win in new markets, add new clients, and grow existing relationships. At the same time, our consulting-led, AI-powered strategy is helping us create larger transformation opportunities. We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation. We are already seeing its potential reflected in the momentum across our AI-Native Unit and AI offerings portfolio," Chief Executive Officer Srinivas Pallia said.

“Our operating margin for the quarter was 16.5%, an expansion of 0.5% sequentially. We have delivered this improvement even while continuing to invest in our business and people. We remain relentless in driving cash flow conversion. Q2 is yet another quarter where our operating cash flow has been robust and stood at 166% of net income," Chief Financial Officer Aparna C Iyer said.

Quarterly performance

Wipro on Thursday reported a 4.5 percent sequential decline in consolidated net profit to Rs 3,200.6 crore for the second quarter of FY27, missing Street estimates, even as revenue from operations rose 1.1 percent quarter-on-quarter to Rs 24,752.7 crore.

According to a CNBC-TV18 poll, analysts had expected Wipro's net profit to decline 3.1 percent sequentially to Rs 3,248.6 crore, while revenue was projected to rise 1 percent to Rs 24,733 crore. The company's profit fell short of expectations, while revenue came in marginally ahead of estimates.

Written by Rishab Shaw

Source: Network18

15/10/26, Jio Platforms aims to transition to 6G

Jio Platforms aims to transition to 6G through software upgrades rather than a fresh infrastructure build-out, managing director Akash Ambani said on October 15, outlining the company's ambition to leverage its existing network and technology capabilities for the next generation of mobile communications.

The strategy reflects Jio's broader focus on developing and monetising its proprietary technology stack, as the company looks to expand beyond connectivity into digital services and international technology partnerships.

Speaking at Jio Platforms IPO press conference, Ambani said the objective was to make the transition to 6G through a software-led approach, potentially reducing the need to replicate the extensive physical infrastructure deployed for previous generations of mobile networks.

 Jio has filed more than 7,220 patents and has a workforce of over 12,000 engineers, according to Ambani. Its technology capabilities span mobile networks, broadband, devices, operating systems and digital applications.

The company has also outlined plans to take its technology to international markets through partnerships with telecom operators in both developed and developing economies.

Ambani said Jio wanted to position itself as a managed-services partner, offering an end-to-end technology stack rather than operating only as a vendor or software-services provider. The company intends to select partners carefully and focus on opportunities that can generate meaningful financial returns.

The international strategy is part of Jio's ambition to help India export technology instead of relying predominantly on imported solutions.

Source: Network18 

15/10/26, Market Rally

Indian stock markets staged a sharp rally today, October 15, with the Sensex surging more than 1,000 points and the Nifty 50 climbing nearly 300 points to cross the 22,900 mark. Buying was visible across most sectors, with information technology (IT), auto, financial services and pharmaceutical stocks leading the gains.

The Sensex climbed to over 73,750, while the Nifty 50 advanced above 22,900 in the intraday trading session today. The Nifty IT index rose more than 2%, extending its gains for a third consecutive session, while auto stocks gained 1.67%. Financial services stocks also traded higher, alongside realty and pharmaceutical shares.

The rally comes against a mixed global backdrop, with weakness in Asian markets and concerns over expensive artificial intelligence-linked stocks weighing on investor sentiment overseas. However, improving corporate earnings, a pullback in crude oil prices and a stronger rupee offered support to domestic equities.

📍Here are five key factors driving the market higher.

IT stocks extend their rally

Information technology stocks remained among the biggest contributors to Thursday’s gains. Shares of Tata Consultancy Services (TCS), Infosys, HCL Technologies and Tech Mahindra advanced as investors assessed recent quarterly results and management commentary.

The gains come even as global technology stocks face pressure. Concerns over high valuations of artificial intelligence-linked companies have triggered selling in several Asian markets, including South Korea and Taiwan.

The Nifty IT index has gained more than 9% over three consecutive sessions, including Thursday, as investors return to select technology stocks

Report by Olivia Kunjumon

Source: Financial Express

15/10/26, INDEX LEVELS

 SENSEX

15/10/26, StockMarket Report for Today.

 Indian benchmark indices Sensex and Nifty are likely to open on a muted note on Thursday, with GIFT Nifty signalling a largely flat start despite a sharp selloff across global markets. Hotter-than-expected US inflation has strengthened expectations of further Federal Reserve interest-rate hikes, triggering heavy selling in technology stocks across Wall Street and Asia. Elevated crude oil prices and persistent foreign institutional selling could add to pressure on Indian equities.

GIFT Nifty was trading at 22,642.5 around 8 am, up 20 points, or 0.09 percent. Indian equities ended lower on Wednesday amid profit booking, with the Sensex falling 251.89 points, or 0.34 percent, to 72,781.89 and the Nifty declining 99.25 points, or 0.44 percent, to 22,622.70. Foreign institutional investors sold equities worth around Rs 1,857 crore, while domestic institutions bought shares worth Rs 2,670 crore.

Asian markets plunge as technology stocks tumble

Asian equities fell sharply on Thursday, extending the global selloff after stronger-than-expected US inflation raised concerns over further monetary tightening. The MSCI Asia Pacific Index plunged 2.7 percent, heading towards its lowest level since July. South Korea's Kospi led regional losses, crashing 7.6 percent, as semiconductor majors Samsung Electronics and SK Hynix both fell more than 9 percent.

Japan's Nikkei 225 futures declined 4.8 percent, while Hong Kong's Hang Seng slipped 0.9 percent and the Shanghai Composite lost 1.2 percent. US equity futures also remained under pressure, with Nasdaq 100 futures down 0.9 percent and S&P 500 futures falling 0.3 percent

Wall Street falls for third session after US inflation surprise

US equities declined for a third consecutive session on Wednesday after September consumer inflation accelerated more than expected, raising concerns that the Federal Reserve could keep interest rates elevated or tighten policy further.

The S&P 500 fell 1.11 percent to 7,718.94, recording its steepest one-day decline since July 29. The Nasdaq Composite plunged 1.88 percent to 26,692.87, its biggest daily fall since July 23, while the Dow Jones Industrial Average slipped 0.09 percent to 51,621.48.

Technology and other growth stocks, which had been among the biggest gainers of 2026, came under particularly heavy selling pressure as expectations of further interest-rate increases weighed on valuations.

US inflation accelerates to 3.7 percent

US consumer price inflation rose to 3.7 percent year-on-year in September, up from 3.4 percent in August and above market expectations of 3.6 percent.

Ponmudi R, CEO of Enrich Money, said the stronger inflation reading had worsened market sentiment and reinforced concerns that US interest rates could remain elevated for longer, putting pressure on richly valued growth and technology stocks.

Brent slips below $105 but Middle East supply risks persist

Crude oil prices declined on Thursday after rising in the previous session, although concerns over Middle East supplies continued to keep prices elevated. Brent crude fell 1.1 percent to $104.94 a barrel, while West Texas Intermediate declined 1.2 percent to $93.91 a barrel.

Ponmudi said the Middle East crisis continued to disrupt oil flows, with the risk of prolonged supply constraints keeping crude prices elevated and inflationary pressures in focus.

Report prepared by Shaleen Agrawal 

Source:Network18

Disclaimer: The views and investment tips expressed by experts here are their own and not those of us. We advise readers and Traders to check with certified experts before taking any investment decisions.

14/10/26, PostMarket REPORT

Indian benchmark indices witnessed profit booking on October 14 as rising crude oil prices and persistent foreign investor outflows weighed on sentiment.

After witnessing a muted first half, the market came under pressure in the afternoon session dragging Nifty to the day's low 22,558.95, however, some buying in IT, FMCG names help to trim the losses.

At close, the Sensex was down 251.89 points or 0.34 percent at 72,781.89, and the Nifty was down 99.25 points or 0.44 percent at 22,622.70.

Among broader indices, the Nifty midcap and smallcap indices ended with marginal losses.

Shriram Finance, HDFC Life, Bajaj Finserv, Bajaj Finance, SBI Life Insurance were among top Nifty losers, while gainers were Infosys, Nestle, Tech Mahindra, Tata Consumer and Coal India.

Among sectors Information Technology, Energy, Oil & Gas, Media and FMCG up 0.5-1 percent, while Auto, Metal, Pharma, Realty, Private Bank down 0.5-1.7 percen

Among individual stocks, Hero Motors shares rose 2 percent and Tata Elxsi gained 5 percent after reporting strong Q2 earnings. Ahluwalia Contracts India added 2 percent after securing an order worth Rs 310 crore in Greater Noida.

Bharat Coking Coal jumped 4 percent after increasing prices of select raw coking coal grades, Den Networks declined more than 3 percent as Q2 revenue fell year-on-year. Bank of Baroda shed 3.5 percent after BR Shetty sought $15 billion in damages from the lender and 25 other defendants.

Among other stocks, SS Retail surged 9 percent, while Anand Rathi Share and Stock Brokers fell 5 percent following their Q2 results.

Transformers and Rectifiers India jumped 14 percent after reporting a 135.3 percent year-on-year surge in Q2 profit. GTPL Hathway fell 4 percent after reporting a Q2 loss.

The Indian rupee erased some of its intraday gains and ended 13 paise higher at 95.15 per dollar, compared with the previous close of 95.28.

Outlook for October 15

Shrikant Chouhan, Head Equity Research, Kotak Neo

Today, benchmark indices witnessed profit booking at higher levels. The Nifty ended 99 points lower, while the Sensex was down by 252 points. Among the sectors, the Energy index gained the most, rallying nearly 1.5 percent, while the Pharma and Healthcare indices shed over 1 percent.

Technically, after a muted open, the market faced resistance near 22,750/73200 and reversed sharply. It also formed a bearish candle on the daily chart. We believe 22,500/72500 and 22,450/72300 remain strong support levels for the market. As long as the market trades above these levels, a pullback is likely to continue.

On the upside, 22,750–22,800/73200-73500 will act as a key resistance zone for the bulls. A successful breakout above 22,800/73500 could push the market toward 23,000/74000. Conversely, a fall below 22,450/72300 would make the uptrend vulnerable. Below this level, traders may consider exiting their long positions.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Wednesday, Nifty traded within a range of nearly 200 points, marking the narrowest trading range in the past four sessions. Following the previous session's short-covering rally, the index attempted to extend its gains but failed to sustain the momentum and closed 0.43% lower. Nifty has been consolidating for the past 11 trading sessions, witnessing volatile swings on both sides. On the daily timeframe, the index formed a bearish-bodied candle with upper and lower wicks, indicating indecision and a lack of clear directional conviction amid continued volatility.

Going forward, the 22500–22480 zone could act as immediate support. A decisive break below this zone could revive downside momentum towards 22330. On the upside, 22770–22800 could act as an immediate hurdle. A sustained move above this zone could extend the pullback rally towards 22950. Until a decisive breakout emerges, the index is likely to remain range-bound, with the broader structure still cautious.

Written by Rakesh Patil

Source: Network18 

Disclaimer: The views and investment tips expressed by experts here are their own and not those of us. We advise readers and Traders to check with certified experts before taking any investment decisions.

14/10/26, LongTermCapitalGains Tax:

 Finance Minister Nirmala Sitharaman on Tuesday said the government was open to deliberations on long-term capital gains (LTCG) tax and securities transaction tax (STT), signalling a willingness to hear investors’ concerns. “So, these are things on which there’s a lot of debate. It’s healthy to have this debate, and I will be keenly hearing them,” she said at a Bloomberg event here.

Following her remarks, the stock markets rebounded sharply, with the benchmark Sensex surging 1,109 points and the Nifty closing above 22,720, led by gains in IT, financial and FMCG shares.

Source: Financial Express

14/10/26, BIZnews/sharemarket

Share Market Today LIVE, 14th October 2026: The Indian stock market opened on a muted note on Wednesday, with the Sensex slipping nearly 100 points and the Nifty trading marginally lower.

Crude oil prices remained higher, trading around $107 per barrel and US bond yields remained near multi-year highs at 5.23%. Asian markets opened mixed today.

Investors will keep an eye on the quarterly earnings of BHEL, Groww, Canara Bank and several other companies scheduled to announce their Q2 results today.

Indian Markets on Tuesday

Indian benchmark indices had rallied on Tuesday after Finance Minister Nirmala Sitharaman’s comments on being open to deliberations on long-term capital gains tax and securities transaction tax boosted sentiment. Firm earnings by two IT majors, TCS and HCL Technologies, had also lifted market sentiment.

The Sensex had surged 1,109.10 points, or 1.54%, to close at 73,033.78. The Nifty 50 also rallied 358.60 points, or 1.6%, to settle at 22,721.95.

Source: Financial Express

14/10/26, Today's Market & BIZnews

Indian benchmark indices Sensex and Nifty are likely to open weak on Wednesday, with GIFT Nifty trading down after Tuesday's sharp rally. A rebound in Asian technology stocks and improving domestic corporate earnings could support sentiment, but rising crude oil prices, persistent FII selling and caution ahead of US inflation data may limit gains.

GIFT Nifty was trading at 22,761 around 8 am, down 90 points, or 0.4 percent. Indian equities surged in the previous session, with the Sensex jumping 1,109.10 points, or 1.54 percent, to 73,033.78 and the Nifty gaining 358.60 points, or 1.60 percent, to 22,721.95. FIIs sold equities worth around Rs 1,300 crore for a 13th consecutive session, while domestic institutions bought shares worth more than Rs 2,439 crore.

Indian equities staged a strong recovery on Tuesday, led by IT stocks, with gains accelerating in the final hour after Finance Minister Nirmala Sitharaman's positive comments on long-term capital gains (LTCG) tax and securities transaction tax (STT) lifted investor sentiment.

Asian markets rebound ahead of US inflation data

Asian equities edged higher on Wednesday as artificial intelligence-related stocks recovered from recent losses, although elevated crude oil prices and caution ahead of US inflation data tempered gains. Investors are awaiting US inflation figures later in the day for fresh clues on the Federal Reserve's interest-rate outlook.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, while Japan's Nikkei gained 0.2 percent. South Korea's Kospi advanced 1.8 percent, leading the regional gains. US equity futures were largely unchanged, with S&P 500 e-minis marginally higher at 7,858.8.

Wall Street slips as chip stocks extend losses

US equities ended slightly lower on Tuesday as semiconductor stocks extended their recent decline, weighing on the technology-heavy Nasdaq. The weakness in chip stocks contrasted with the rebound in Asian technology shares on Wednesday, while investors remained cautious ahead of the US inflation reading.

The S&P 500 slipped 0.02 percent to 7,805.45, while the Nasdaq Composite declined 0.15 percent to 27,204.38. The Dow Jones Industrial Average fell 0.35 percent to 51,670.10.

Brent climbs towards $107 amid Middle East tensions

Crude oil prices rose on Wednesday as renewed attacks on Saudi Arabia intensified concerns over energy supplies from the Middle East. The increase followed missile and drone attacks by Yemen's Houthis on Saudi Arabia, adding to supply concerns amid the ongoing Middle East conflict.

Brent crude gained 1.2 percent to $106.86 a barrel, while West Texas Intermediate rose 1.2 percent to $95.25 a barrel.

Earnings recovery offers support, but oil remains a risk

Ponmudi R, CEO of Enrich Money, said improving corporate earnings and recent strength in IT stocks are providing some support to Indian equities, although rising crude prices amid escalating Middle East tensions remain a significant concern.

He said the ongoing earnings season would remain an important driver of sector-specific buying as investors assess revenue growth, margins and management commentary. According to Ponmudi, the sustainability of the broader market recovery will depend on whether earnings strength can offset persistent macroeconomic headwinds.

Written by Shaleen Agrawal 

Source: Network18 

14/10/26/ INDEX LEVELS

 SENSEX 

NIFTY 50

NIFTY BANK 

13/10/26, HCL Technologies

The share price of HCL Technologies surged nearly 5% in early trade today, October 13. The company is in focus after it declared its earnings for the second quarter of financial year 2027 (Q2FY27). The HCLTech share price rose to a high of Rs 1,282.7 apiece in early trade today.

For Q2 FY27, HCL Tech posted its net profit at Rs 5,132 crore, rising 11% quarter-on-quarter. Its revenue was Rs 35,620 crore, up 3% QoQ. The company’s earnings before interest and tax (EBIT) margin was at 18.2%, rising 131 basis points QoQ and 71 bps YoY.

Japanese brokerage Nomura has raised its target price for the stock after the results on strong performance in the services segment and continued growth in artificial intelligence-led revenues. However, brokerage Nuvama Institutional Equities sees only a marginal upside.

Nomura on HCLTech: Strong services performance

Nomura maintained its ‘Buy’ rating on the stock and increased its price target 1.5% to Rs 1,330 apiece. This implies an upside of nearly 9% from the stock’s closing price of Rs 1,223 on Monday.

The brokerage also raised its FY27 and FY28 estimated earnings per share (EPS) view by 2-3% to factor in the Q2FY27 earnings performance. Nomura has marginally raised its revenue growth estimate for the company, in dollars, to 3-5.9% year-on-year in FY27-FY28.

HCLTech revised its revenue growth guidance to 3-4% for services from 1.5-4.5%. For the overall company, it revised revenue growth guidance to 2.5-4% from 1-4% earlier. “This includes inorganic contribution of 62bp (basis points) and 87bp for services and overall company, respectively. HCLTech clarified that the mega deal (USD1bn+) won in early July would ramp up meaningfully only in 1QFY28E. Additionally, according to management, the anticipated weakness in top telco accounts and a top manufacturing account has played out and discretionary demand in telcos remains uncertain,” Nomura said.

The company noted steady progress across the five key pillars of its AI strategy. It said advanced AI revenues are around 6% of annualised revenues and that two of its recently won large advanced AI deals were sourced through partner relationships.

Nuvama on HCLTech: Unfavourable risk-reward

Nuvama Institutional Equities has maintained its ‘Hold’ rating on the stock and its target price of Rs 1,250 is also unchanged. This implies a mere upside of 2%. The company’s services business is quite stable but the software business is dragging overall growth, Nuvama said, adding that the risk to reward is unfavourable as it is already at a 20% premium to TCS or Infosys, with a similar growth.

“While it continues to do reasonably well—the narrowing growth differential, software segment drag and margin headwinds limit the upside potential,” Nuvama said.

HCLTech appears to reach close to the mid-point of its margin guidance, though further expansion in FY28 might be hampered by the large auto segment deal.

HCLTech share price: What next for investors 

Overall, HCLTech has maintained the upper band of their FY27 revenue guidance at 4%. The lower band has been raised to 2.5% from 1% earlier. The management indicated that they are optimistic about the outlook ahead and added that demand was healthy towards the end of the quarter. However, it remained cautious given the fluid macro environment. The rupee and global headwinds will also be in focus and it will be interesting how it impacts the next two quarters.

Written by Ashuthosh Pati

Source: FinancialExpress

13/10/26, PostMarket

13th October 2026: The Indian stock market ended Tuesday’s trading session on a strong note, with the Sensex surging 1,109.10 points, or 1.54%, to close at 73,033.78. The Nifty 50 also rallied 358.60 points, or 1.6%, to settle at 22,721.95.

On the sectoral front, auto,  financial services, FMCG and metal stocks ended in positive territory. The Nifty IT index led the gains, surging over 5% as information technology stocks witnessed strong buying interest during the session.

A combination of factors is supporting the IT rally, including better-than-expected second-quarter results from Tata Consultancy Services (TCS) and, HCL Tech a slowdown in the artificial intelligence (AI) trade and the US dollar’s rise against the rupee.

Written by Ashuthosh Pati and Olivia Kunjumon 

Source: FinancialExpress

13/10/26, BandanBank shares raise

Bandhan Bank shares surged more than 7 percent on Tuesday, emerging as the top midcap gainer, following reports that Abu Dhabi-based International Holding Company (IHC) is among the potential investors in the private lender's promoter entity, Bandhan Financial Services (BFSL).

The stock climbed 7.3 percent to Rs 169 in morning trade, taking its gains so far in 2026 to 17.2 percent, compared with a 14 percent decline in the Nifty 50.' Bandan Banks market capitalisation stood at approximately Rs 27,210 crore.

 IHC, associated with Sheikh Tahnoon bin Zayed al-Nahyan, Abu Dhabi's deputy ruler and the UAE's national security adviser, is in preliminary discussions to acquire a stake in BFSL, The Economic Times reported on Tuesday, citing people familiar with the development.

According to the report, BFSL is working with investment bank Jefferies to identify strategic investors for a 25-32 percent stake. The proposed transaction could provide an exit opportunity for longstanding institutional investors, including Singapore's GIC and the International Finance Corporation (IFC), whose combined holding of approximately 30.3 percent could be valued at $500-600 million.

Bandhan Group's restructuring plans

The potential investment comes as BFSL undertakes a major restructuring exercise aimed at facilitating exits for existing shareholders, monetising stakes in group businesses and raising capital for Bandhan Bank. Moneycontrol reported last week that the group had appointed Jefferies to advise on the restructuring, potentially its first major exercise of this kind in nearly 25 years.

GIC, through its investment arm Caladium Investment, holds 16.7 percent of BFSL, while IFC owns 13.59 percent. Both have been invested in the group since 2014 and are seeking opportunities to monetise their holdings after more than a decade. The restructuring could extend beyond a change in BFSL's shareholder base, with the group also exploring partial stake sales in Bandhan Bank and its asset management business.

Bandhan Financial Holdings, a subsidiary of BFSL, owns approximately 60 percent of Bandhan AMC, while GIC and ChrysCapital together hold the remaining 40 percent. The group is understood to be exploring potential investors who could provide liquidity to existing shareholders in the asset management business.

A share buyback at the BFSL level is another possibility, although the holding company's cash balance of Rs 837 crore as of March 31, 2026, could constrain such a transaction, Moneycontrol reported. Valuation remains a potential obstacle to stake monetisation in Bandhan Bank, with an open-market stake sale reportedly being considered as a last resort.

Promoter stake reduction by 2030

The restructuring also comes against the backdrop of regulatory requirements governing promoter shareholding in Bandhan Bank. Bandhan Financial Holdings held a 37.5 percent stake in the private sector lender at the end of June 2026. Under the bank's licensing conditions, the promoter must reduce its holding to 26 percent by 2030. A stake sale at the bank level could help the promoter meet this regulatory obligation, while an investment at the BFSL level would primarily provide liquidity to existing shareholders of the holding company

Written by Shaleen Agrawal

Source: Network18 

13/10/26, PolyCab India shares

Shares of Polycab India fell over 5% to an intraday low of Rs 7,995 on the National Stock Exchange on Ocotber 13 after the exchange notified it would exclude the company from the equity derivatives segment under the Insolvency and Bankruptcy Code framework. At 11:20 am, shares of the company  were trading 3% lower at Rs 8,156 apiece. Over 500,000 shares of the company changed hands on the bourse so far, almost fivefold the number of shares traded till the same time Monday.

No new futures and options contracts of Polycab will be introduced after the October contracts expire, NSE said, adding that existing October, November and December contracts will remain available until their respective expiry dates. Derivatives contract trading in the stock will halt from December 30.

The move follows insolvency proceedings initiated against the company, although NCLAT has stayed the NCLT order.

In an exchange filing, Polycab India said the National Company Law Appellate Tribunal had stayed and kept in abeyance the October 7 order passed by the National Company Law Tribunal, Ahmedabad Bench, admitting the corporate insolvency resolution process against the company in a case filed by Asier Metals Pvt. Ltd. The proceedings relate to an alleged Rs 2.8 crore operational debt.

Brokerage Motilal Oswal said Polycab will likely be removed from the MSCI index as the firm's policy dictates excluding stocks under insolvency procedures. Existing constituents undergoing insolvency, which are a part of one of MSCI indices, enter an ineligible alert board and are deleted on the last business day of the month, the brokerage noted, reported Informist.

Report by Network18 

13/10/26, market intraday news

Benchmark indices Sensex  and Nifty gained 0.8% each on October 13 due to various reasons, including value buying.

At 9:49 am, the Sensex was up 657.10 points or 0.91% at 72,581.78, and the Nifty was up 198.90 points or 0.89% at 22,562.25. About 1,525 shares advanced, 1,707 shares declined, and 168 shares were unchanged.

Key factors behind market gain

1) Value buying

Value buying emerged at lower levels on October 13.

2) India VIX eases

India VIX, the volatility gauge, eased 3% to 14.82, which indicates market participants don't see much selling pressure in short term.

3) Technical reason

Nifty has to trade below 22,300 for further weakness to emerge in the markets, said analysts.

"If Nifty holds the 22,350–22,400 support zone, a buy-on-dips approach may work, with the possibility of a move towards 22,600. However, failure to sustain the recovery could bring selling pressure back into the market.

"For now, the broader view remains cautious, and traders should watch how the index behaves around these key levels rather than chase the initial gap-up. A decisive breakout above resistance or a breakdown below support will provide a clearer indication of the next directional move," said Gaurav Udani, Founder, Thincredblu Securities.

4) Buying in IT shares

Buying in IT shares lifted the markets on October 13 with Nifty IT index rising 2.5%. TCS, HCL Tech, Tech Mahindra were among top Nifty gainers by rising 2%-5%.

Report by J. Jagannath

Source: Network18

13/10/26, Gift Nifty signalling positivity

Indian benchmark indices Sensex and Nifty are likely to open on a mildly positive note on Tuesday, with GIFT Nifty signalling gains despite a sharp selloff across Asian markets. However, India's higher-than-expected retail inflation, elevated crude oil prices and escalating Middle East tensions could weigh on sentiment. Expectations of further RBI interest-rate hikes also add to concerns over the domestic outlook.

GIFT Nifty was trading at 22,425 around 8 am, up 55 points, or 0.25 percent. Indian equities ended sharply lower on Monday, with the Sensex falling 547.65 points, or 0.76 percent, to 71,924.68 and the Nifty declining 157.10 points, or 0.70 percent, to 22,363.35. Foreign institutional investors remained net sellers, offloading equities worth Rs 1,700 crore, while domestic institutions bought shares worth more than Rs 3,000 crore.

India's retail inflation rises to 5.54 percent

India's retail inflation accelerated to a higher-than-expected 5.54 percent in September, moving closer to the Reserve Bank of India's upper tolerance limit of 6 percent and strengthening expectations of further interest-rate hikes. The increase comes amid sustained pressure from elevated crude oil prices and a weak monsoon, with the Iran war, now in its eighth month, continuing to disrupt energy supplies and fuel inflation concerns.

The inflation reading follows the RBI's decision earlier this month to raise the repo rate by 25 basis points to 5.50 percent, its first increase since February 2023, and shift its policy stance to calibrated tightening. The combination of higher inflation and tighter monetary conditions could add to pressure on rate-sensitive sectors.

13/10/26, Expecting Positive Opening

 Indian benchmark indices are likely to open on a firm note on October 13, tracking GIFT Nifty, which was trading higher at around 22,415.50 in early trade

After rebounding in the previous session, Indian equity benchmarks came under renewed selling pressure on October 12, with the Nifty slipping towards 22,300 amid losses in IT, FMCG and financial stocks.

At close, the Sensex was down 547.65 points or 0.76 percent at 71,924.68, and the Nifty was down 157.10 points or 0.70 percent at 22,363.35.

Broader markets outperformed the benchmark indices, with the Nifty Midcap index ending flat, while the Nifty Smallcap index advanced 1.4%.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

GIFT Nifty was trading higher at around 22,415.50 in early trade, indicating a positive start for the domestic equity markets.

Asian Markets (Slip)

Asian stocks declined as the artificial intelligence trade, one of the hottest corners of the market this year, came under renewed pressure ahead of a key earnings season.

The MSCI Asia Pacific Index lost 0.9%, set for its weakest close since mid-August, as shares retreated in South Korea and Japan.

The Kospi Index — a barometer for the AI trade — slipped as much as 4.8%, set for its lowest close since July as chip bellwethers SK Hynix Inc. and Samsung Electronics Co. both tumbled more than 5%. The Nikkei 225 Index dropped 2% after traders in Tokyo returned after a long weekend.

US Equities (Down)

The technology-heavy Nasdaq composite closed lower on Monday as oil prices jumped nearly $2 a ​barrel after attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week.

The S&P ‌500 ended the session barely lower while the Dow advanced.

The Dow Jones Industrial Average rose 195.60 points, or 0.38%, to 51,850.55; the S&P 500 lost 4.30 points, or 0.06%, to 7,807.24 and the Nasdaq Composite lost 120.27 points, or 0.44%, to 27,245.90.

Dollar Index (Down)

The dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as geopolitical risks rose after renewed attacks on energy infrastructure in the Middle East and Ukraine.

US Bond Yield (Down)

The yield on 10-year Treasuries declined three basis points to 5.2%, while 2-year Treasuries were down marginally at 4.77%.

Asian Currencies (Down)

Asian currencies traded lower against the US dollar, with the South Korean won leading the losses, declining 0.214 percent, followed by the Taiwan dollar, which fell 0.175 percent. The Philippine peso and Indonesian rupiah also depreciated by 0.129 percent and 0.078 percent, respectively. The Thai baht, Chinese renminbi and Malaysian ringgit edged lower by 0.027 percent, 0.016 percent and 0.015 percent, respectively. Meanwhile, the Japanese yen appreciated 0.152 percent and the Singapore dollar remained unchanged.

Crude (Down)

Oil prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Brent crude futures fell 61 cents, or 0.57%, to $106.04 a barrel while US West Texas Intermediate crude futures were down 47 cents, or 0.5%, at $93.27 a barrel.

Brent futures settled at $106.65 a barrel on Monday, the highest since September 15.

Gold (Slips)

Gold held a loss as the spreading conflict in the Middle East stoked fears that further energy supply disruptions could keep inflation elevated and increase the prospects for interest-rate hikes.

Bullion traded near $4,160 an ounce, after ending the previous session 0.5% lower.

Fund Flow Action

Foreign institutional investors (FIIs) remained net sellers on October 9, offloading equities worth Rs 1,700 crore, while domestic institutional investors (DIIs) continued to support the market, purchasing equities worth over Rs 3,000 crore during the session.

Hope you're all set for today's trade. We wish you a profitable day ahead

Report by Mr Rakesh Patil

Source: Network18