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79 stories from 4 sources

Foreign selling pressured Indian stocks as IPO appetite held up

Day’s Recap

Supporting Articles

11:57 PMEconomic Times

Foreign outflows from Indian stocks hit 6-month high in September on higher oil, yields

Summary

Foreign portfolio investors withdrew $2.7 billion from Indian equities in September, the largest monthly outflow in six months. Higher crude prices and tighter global monetary conditions have increased pressure on India's current account, inflation outlook and rupee.

Foreign selling has intensified because higher oil prices raise India's external financing needs while elevated

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Why it matters

India faces simultaneous pressure from weaker foreign flows, costlier energy imports and tighter global financial conditions.

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2 stories · 2 sources

9:01 PMEconomic Times

Sensex falls over 20% in dollar terms in 2026 as weak sentiment, rupee drag returns

Summary

The Sensex and Nifty have declined sharply in dollar terms in 2026 as foreign investors reduced exposure to Indian equities and the rupee weakened. Domestic mutual fund inflows have helped offset foreign portfolio selling, but currency depreciation has magnified overseas investors' losses.

The rupee's decline has turned an equity correction into a substantially larger loss for dollar-based

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Why it matters

India's market resilience now depends on whether domestic savings can continue absorbing foreign outflows and currency-driven selling.

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10:30 PMBloomberg Markets

India’s IPO Boom Powers On Despite Stock Market Weakness

Summary

Indian companies raised more than $9 billion through initial public offerings in the July-September quarter, even as broader stock markets weakened.

The IPO market is decoupling from near-term equity performance, with companies still able to attract

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Why it matters

India’s primary market remains a major source of capital even as public-market conditions deteriorate.

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9:30 PMBloomberg Markets

Record Quarter Primes India IPO Market for Blockbuster Year

Summary

India’s IPO market is on track for a third consecutive blockbuster year after a strong third quarter. A crowded pipeline could extend the momentum through the rest of the year.

The decisive shift is from isolated large deals to a sustained issuance cycle supported by

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Why it matters

A durable IPO cycle could keep channeling capital into Indian companies and deepen the country’s equity markets.

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11:32 PMEconomic Times

Bernstein cuts PB Fintech share price target by 53%. More pressure after Rs 37,000 m-cap rout?

Summary

PB Fintech shares have fallen 42% in four sessions, erasing about Rs 37,000 crore in market value after IRDAI proposed reforms targeting dark patterns and insurance commissions. Bernstein, Jefferies and Morgan Stanley warned that the changes could pressure earnings, distribution economics, health insurance and the POSP business.

The proposed rules have shifted the debate from growth to the durability of PB Fintech's

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Why it matters

Regulatory changes could weaken the economics behind India's leading digital insurance distributor, making earnings revisions more important than headline user growth.

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11:35 PMEconomic Times

BSE enters Nifty 50: Stock drops 4% after Goldman Sachs, BNP Paribas sell shares worth Rs 2,186 crore

Summary

BSE shares fell about 4% as Goldman Sachs and BNP Paribas sold more than 68 lakh shares worth Rs 2,186 crore on the exchange's debut in the Nifty 50. UTI Mutual Fund and Nippon India Mutual Fund bought roughly 52.43 lakh shares, partly absorbing the selling.

The index inclusion triggered substantial institutional selling rather than immediate buying support. That points to

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Why it matters

BSE's first session in the Nifty 50 shows how passive and institutional flows can overwhelm index-related buying in the short term.

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11:02 PMEconomic Times

FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?

Summary

Foreign portfolio investors have sold more than Rs 32,000 crore of Indian telecom stocks over eight consecutive months in CY26. Heavy 5G capital spending, delayed tariff increases and legal dues continue to pressure sector cash flows, leaving the prospect of a rebound uncertain.

The selling reflects unresolved cash-flow pressure rather than a temporary sentiment shock. A sustained rebound

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Why it matters

Telecom stocks need stronger cash generation and regulatory clarity before investor positioning can shift from defensive selling to a durable recovery.

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11:48 PMBloomberg Markets

Inox Clean Energy Files for $1 Billion India IPO

Summary

Inox Clean Energy has filed a draft prospectus for an IPO that could raise up to 100 billion rupees, or about $1 billion.

The filing signals that renewable power remains a major source of equity financing in India,

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Why it matters

The offering could become a key test of how India’s IPO market values renewable infrastructure at scale.

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11:44 PMEconomic Times

Morgan Stanley raises Lenskart target price to Rs 718; bull case implies 41% upside. Here’s why

Summary

Lenskart Solutions reported a 182.3% year on year increase in first quarter FY27 net profit to Rs 228 crore, while revenue rose 33.6% to Rs 2,214 crore. EBITDA margin improved to 21.7%, supporting Morgan Stanley's higher Rs 718 target price and a bull case with 41% upside.

Profit growth is outpacing revenue because operating leverage is lifting margins as the business expands

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Why it matters

Lenskart's valuation now rests increasingly on sustained margin expansion and successful international execution.

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12:23 PMBloomberg Markets

Tata Heir Says Listing Would Hurt Ability to Help Problem Units

Summary

Noel Tata said taking Tata Sons public could weaken its ability to support struggling businesses across the conglomerate. His argument comes after a boardroom dispute and renews questions about whether Tata Sons should remain private.

The core issue is whether public-market scrutiny would restrict Tata Sons' ability to shift capital

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Why it matters

Tata Sons' ownership status determines how much freedom the group has to prioritize resilience and strategic control over near-term shareholder returns.

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Other Developments

A curated list of other prominent stories from this day.

11:56 PMEconomic Times

Vishal Nirmiti IPO opens today. Check GMP, price band, and key details. Should you subscribe?

Summary

Vishal Nirmiti's Rs 178 crore IPO opens on September 30, comprising a fresh issue and an offer for sale. The price band is set at Rs 208 to Rs 220 per share, while the grey market premium is Rs 6.

The modest grey market premium points to limited early enthusiasm relative to the upper end

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Why it matters

The issue enters a cautious IPO market where muted grey market pricing raises the bar for a strong listing.

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11:48 PMEconomic Times

Vishal Mega Mart among 3 stocks that closed crossing above VWAP

Summary

Three stocks closed more than 3% above their respective volume weighted average prices on September 29, according to a technical scan. Vishal Mega Mart was among the stocks identified.

Closing well above VWAP indicates that buyers maintained control through the session, but it does

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Why it matters

The scan identifies short term momentum candidates, not confirmed breakouts.

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11:47 PMEconomic Times

Nityas Gems & Jewellery IPO opens today. Check GMP, price band and key details

Summary

Nityas Gems & Jewellery's Rs 108.35 crore fresh issue opens on September 30. Shares are offered in a price band of Rs 70 to Rs 75, and the grey market premium is Rs 5.

The grey market premium signals a limited premium over the offer price and does not

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Why it matters

The IPO offers only a modest informal valuation signal, making business execution more important than listing speculation.

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11:39 PMEconomic Times

MTAR Tech among 4 stocks showing White Marubozu pattern

Summary

MTAR Technologies, Mankind Pharma, CMPDI and PTC Industries formed White Marubozu candlestick patterns on September 29. The stocks closed at or near their session highs, indicating strong buying during the trading day.

The pattern shows decisive one day buying, but it can reflect short term positioning rather

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Why it matters

The four stocks have short term momentum signals, but confirmation requires another sustained move.

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11:36 PMEconomic Times

8 SME IPOs to open today, seek to raise Rs 440 crore; check price bands, lot sizes and key dates

Summary

Eight SME companies are opening IPOs on September 30 to raise a combined Rs 440 crore. Seven will list on BSE SME, while Eventions will list on NSE SME; the issuers include TNA Solutions, Omara Ventures India, Sollfege Smart Electronics, Eventions, Acme India Industries, Paramount Syntex, SJP Ultrasonics and Dove Soft.

The concentrated fundraising wave increases competition for investor capital and could expose differences in pricing,

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Why it matters

A large batch of SME offerings will test whether demand can absorb new supply without weakening listing liquidity.

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11:22 PMEconomic Times

Kirloskar Oil Engines among 5 stocks with RSI trending up

Summary

Kirloskar Oil Engines, Cupid, TD Power Systems, Vedanta Power and Kirloskar Brothers recorded improving RSI momentum on September 29, with their readings moving above 50. The shift placed the five Nifty500 stocks in technically stronger territory.

An RSI move above 50 signals improving recent price momentum, but it does not establish

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Why it matters

The screen identifies potential momentum trades, but investors still need evidence that technical strength is backed by business performance.

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11:04 PMEconomic Times

SIFs should be satellite holdings, not the core of portfolios: Morningstar CEO Kunal Kapoor

Summary

Kunal Kapoor said India's newly launched specialised investment funds should remain satellite holdings because their limited operating history offers little evidence about long-term performance. He expects the category to expand the managed-investment market, while advising investors to prioritise diversification, simplicity and cost discipline.

The main constraint is not product innovation but the lack of a proven track record.

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Why it matters

The category could attract investors seeking alternatives, but its early adoption should not displace diversified core holdings.

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10:46 PMEconomic Times

IPO allotment today: Orient Cables, German Green among 4 issues; check status, GMP and listing date

Summary

Allotments for four IPOs that were open from September 25 to September 29 are scheduled to be finalised, including Orient Cables and German Green. The shares are expected to list on the BSE and NSE on Monday, October 5.

The immediate focus moves from subscription demand to allotment outcomes and listing performance. Grey-market premiums

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Why it matters

The listings will test whether recent IPO enthusiasm can translate into sustained post-listing demand rather than short-term speculation.

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10:36 PMEconomic Times

SRIT India, Shah Investor’s Home IPO Day 3: Check subscription, latest GMP and other key details

Summary

The SRIT India IPO is trading at a grey-market premium of Rs 33, or 25%, over its upper price band of Rs 130 per share. That implies an estimated listing price of about Rs 163, based on current grey-market indications.

The premium signals strong speculative demand before listing, but it is not a confirmed return

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Why it matters

The issue shows how grey-market pricing is shaping expectations and risk ahead of an IPO debut.

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10:35 PMEconomic Times

Swastika Infra shares to list today: Check GMP ahead of debut

Summary

Swastika Infra’s IPO was subscribed 7.91 times overall, led by 19.35 times subscription in the non-institutional investor category. Retail investors subscribed 5.64 times and qualified institutional buyers subscribed 3.31 times.

Demand was strongest among non-institutional investors, while institutional participation was positive but less aggressive. That

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Why it matters

The subscription pattern offers an early read on who may drive trading once the shares begin trading.

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10:31 PMEconomic Times

Elevate Campuses shares to list today: Check GMP ahead of debut

Summary

Elevate Campuses set a price band of Rs 343 to Rs 362 per share for its Rs 2,100-crore IPO. The issue consists entirely of 5.80 crore newly issued shares and includes no offer-for-sale component.

Because the issue is entirely fresh capital, the proceeds go to the company rather than

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Why it matters

The IPO is a direct capital raise, making post-listing execution more important than shareholder exit demand.

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10:26 PMEconomic Times

Adroit Industries shares to list today; GMP signals 41% premium ahead of listing

Summary

Adroit Industries raised Rs 150.71 crore through an IPO priced between Rs 126 and Rs 134 per share. The issue included a fresh offering of Rs 132.62 crore and an offer for sale worth Rs 18.09 crore, while grey-market signals pointed to a potential 41% listing premium.

The projected premium indicates strong pre-listing demand, but the mixed structure means only part of

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Why it matters

The listing will test whether speculative demand can hold after trading shifts from the grey market to the exchange.

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10:25 PMEconomic Times

ArMee Infotech shares to list today: Check GMP ahead of debut

Summary

ArMee Infotech is set to list after its IPO raised Rs 300 crore through a fresh issue of 80 lakh equity shares. The offering had no offer-for-sale component.

The listing will test investor demand for ArMee's business without providing an IPO exit for

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Why it matters

The first trading session will show whether public-market demand supports the valuation implied by the Rs 300 crore issue.

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10:14 PMEconomic Times

Positive Breakout: These 8 stocks cross above their 200 DMAs

Summary

Eight stocks moved above their 200-day moving averages, a technical signal commonly associated with a broader uptrend. The breakout indicates improving price momentum relative to each stock's long-term trend.

The move shifts the technical bias toward buyers, but it does not by itself confirm

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Why it matters

A sustained move above the 200-day average can attract momentum-driven buying and change near-term trading patterns.

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10:10 PMEconomic Times

Dividends, bonus issues: Last day to buy IGL, Natco Pharma among 7 stocks before record date

Summary

Investors needed to hold the shares in their demat accounts by Thursday to qualify for the announced dividends or bonus issues across seven companies, including IGL and Natco Pharma. The eligibility cutoff reflects India's T+1 settlement cycle.

The record-date deadline brings forward the effective buying cutoff for investors seeking these corporate benefits.

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Why it matters

Missing the settlement deadline eliminates eligibility, while the ex-date adjustment limits the value of dividend-focused trades.

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9:00 PMBloomberg Markets

Stock Analyst Hiring Boom in India Defies Wall Street’s Pullback

Summary

Indian brokerages are expanding equity-research teams as they seek to cover a surge of small-cap stocks. The hiring trend contrasts with retrenchment among analysts on Wall Street.

India’s expanding small-cap universe is creating demand for coverage that global firms are cutting elsewhere.

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Why it matters

Research capacity is becoming a competitive advantage as India’s small-cap market grows faster than traditional coverage.

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10:19 AMAl Jazeera

Indian firm building $15bn Trump-announced steel mill has deep Russia ties

Summary

Essar, the Indian group behind a $15 billion US steel project announced by Donald Trump, relied on Russian funding to manage substantial debt. The company is now redirecting capital and expansion efforts toward the US.

Essar's Russia-linked financing becomes a potential political and scrutiny risk as it takes on a

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Why it matters

The project links US industrial ambitions to an Indian company with material exposure to Russian capital.

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3:33 AMBloomberg Markets

Ace Designers Said to Weigh Up to $400 Million India IPO

Summary

Ace Designers has begun discussions with investment banks about a potential Mumbai IPO that could raise as much as $400 million, according to people familiar with the matter. The industrial machinery manufacturer has not made a final decision on the offering.

The talks point to renewed investor appetite for Indian manufacturing listings, but the proposal remains

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Why it matters

The potential IPO could become a sizeable test of investor interest in India’s industrial manufacturing story.

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1:30 AMSkift

Air India Has Bulked Up. Incoming CEO Tells Staff to Focus on Safety, Reliability — and Profit

Summary

Air India's incoming CEO, Tewolde Gebremariam, has inherited a larger airline with major operational and financial challenges. In his first town hall, he identified safety, reliability and profitability as the central priorities.

The priority has shifted from expansion alone to making the enlarged airline work consistently and

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Why it matters

Air India's turnaround now depends on execution and operating discipline, not just scale or ownership change.

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