16 stories from 4 sources

Foreign selling and higher yields deepen India’s market slide

Day’s Recap

Supporting Articles

10:13 PMEconomic Times

More than half of mid-to-large cap companies fail to deliver returns in 2026

Summary

More than half of Indian companies with market capitalisation above Rs 1,000 crore have posted losses in 2026, while eight have suffered major erosion in market value. Regulatory pressure, higher funding costs, margin strain and foreign investor selling have weighed on performance.

The market's weakness has spread beyond a few stressed names, making stock selection more important

Why it matters

Broad market exposure is no longer enough as investors face a wider dispersion of returns and sharper downside risk.

7:09 AMEconomic Times

FPIs turn net sellers, pull out Rs 35,860 cr in Sep

Summary

Foreign portfolio investors withdrew Rs 35,860 crore from Indian equities in September, reversing the Rs 49,830 crore invested during July and August. They continued selling in October, with outflows reaching Rs 9,232 crore, amid global uncertainty and higher US interest rates.

The key shift is the sharp reversal from FPI buying to sustained selling. Higher US

Why it matters

Persistent foreign selling could increase market volatility and weaken support for Indian asset prices.

12:52 AMEconomic Times

Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices

Summary

The Sensex and Nifty have declined for eight consecutive weeks, erasing more than ₹26 lakh crore in market value. Rising bond yields, foreign selling, a stronger dollar and tighter liquidity are compounding the pressure from elevated oil prices.

Bond yields have become the central risk because they raise the relative appeal of dollar

Why it matters

The market downturn reflects a broader global liquidity shock, not just an oil-driven earnings threat.

10:16 PMEconomic Times

Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants

Summary

Bajaj Finance plans to raise Rs 17,500 crore through an Rs 11,700 crore qualified institutional placement and Rs 5,800 crore of warrants to its promoter. Shareholders must approve the QIP, which would be the company's first major fundraise since November 2023.

The fundraise gives Bajaj Finance fresh capital to expand lending while strengthening its balance sheet

Why it matters

The issue could support faster growth, but investors must weigh that opportunity against dilution and execution risk.

2:05 AMEconomic Times

Bajaj Finance to raise Rs 17,500 cr via QIP, preferential issue

Summary

Bajaj Finance plans to raise up to Rs 17,500 crore through an Rs 11,700 crore qualified institutional placement and Rs 5,800 crore in warrants issued to promoter Bajaj Finserv. The plan requires shareholder approval, with the warrant issue helping the promoter maintain its stake and limit dilution.

The proposed raise would materially strengthen Bajaj Finance's capital base while combining institutional equity with

Why it matters

The fundraise could support further lending growth at Bajaj Finance while setting terms for how much existing shareholders are diluted.

4:00 AMEconomic Times

Carlsberg India unit, 3 other firms get Sebi nod to proceed with IPO plans

Summary

Sebi has issued observations allowing Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer to proceed with their IPO plans. Matangi Rubber plans a fresh issue of 57.61 lakh shares alongside an offer for sale, Ujin Pharma plans to offer 1.18 crore shares, and TMC Transformer is targeting a Rs 550 crore issue entirely through new shares.

Sebi's observations clear a regulatory hurdle for four more public offerings, expanding the pipeline across

Why it matters

The approvals add to India's crowded IPO pipeline and give investors more choices across distinct business sectors.

3:10 AMEconomic Times

Danish brewing giant Carlsberg’s India arm, 3 others get Sebi nod to float IPOs

Summary

Sebi has cleared the IPO plans of Carlsberg's Indian entity, TMC Transformers, Ujin Pharma and Matangi Rubber. TMC Transformers plans to raise Rs 550 crore through a fresh issue to build a manufacturing plant, while Ujin Pharma will combine new shares with a promoter offer for sale.

The approvals bring both a multinational-backed consumer business and smaller Indian companies closer to market

Why it matters

The deals will test whether Indian investors continue to absorb IPOs spanning established brands, expansion stories and smaller industrial companies.

10:59 PMEconomic Times Realty

NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty

Summary

The NCLT has admitted Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers over an alleged default of Rs 68.49 crore dating to September 2023. Unity Realty had provided a corporate guarantee for financial facilities taken by Unity Infraprojects, which later faced financial stress.

The admission moves the dispute into a formal insolvency process and increases pressure on Unity

Why it matters

The proceeding could affect Unity Realty's financial position and set the path for recovery of Kotak Mahindra Bank's outstanding claims.

Other Developments

A curated list of other prominent stories from this day.

2:39 PMEconomic Times

Anup Bagchi's big test at HDFC Bank is winning back investor trust

Summary

Incoming HDFC Bank CEO Anup Bagchi faces pressure to rebuild investor confidence by improving execution and governance. The bank's loan growth and return on equity have slipped toward industry averages, weakening its previous performance advantage.

Bagchi must first restore operating momentum while addressing concerns that integration and governance issues have

Why it matters

A sustained loss of its premium could pressure HDFC Bank's valuation and reshape expectations for India's largest private-sector lender.

2:29 PMEconomic Times

Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report

Summary

NBFCs now account for 50% of India's new-to-credit borrowers, up from 24% in 2016, according to a report covering about 2,000 NBFCs. The shift shows that these lenders have become a larger entry point for consumers accessing formal credit for the first time.

NBFCs are extending formal borrowing to a broader customer base than a decade ago, creating

Why it matters

NBFCs are gaining strategic importance in financial inclusion, but their expansion will be tested by the quality of newly originated loans.

1:47 PMWWD

India-to-US Shippers Scramble for Space Amid Container Capacity Crunch

Summary

Ocean carrier network redesigns have reduced capacity on the India-to-US trade lane as Indian exports posted strong summer growth. The squeeze has pushed spot rates to about $11,000 for a 40-foot container.

Capacity has tightened just as demand strengthened, giving carriers pricing power and forcing exporters to

Why it matters

A temporary shipping bottleneck could raise delivered costs for US buyers and limit the benefit of India's export growth.

12:04 PMPYMNTS

Free Instant Payments Still Need a Revenue Model

Summary

Beginning October 15, a 0.4% merchant discount rate will apply to specified Unified Payments Interface merchant payments in India. The change exposes the funding challenge behind a payment system that appears free to consumers.

The shift moves part of UPI's operating cost back onto merchants, creating a potential revenue

Why it matters

India is testing whether mass-market instant payments can remain widely accessible while generating enough revenue to support their infrastructure.

7:31 AMEconomic Times

Sebi penalises SMC Global Securities for compliance lapses

Summary

Sebi fined SMC Global Securities Rs 1 lakh after an inspection found lapses in maintaining client order-placement records. The review, covering January to September 2024, also examined controls over transactions handled by authorized representative Amit Lilhare, including concerns linked to unauthorized trading oversight.

The decisive issue is a breakdown in order-record controls, not the size of the penalty.

Why it matters

Weak order records can undermine investor protection and expose brokers to larger penalties if similar lapses recur.

4:05 AMEconomic Times

Inox Air Products files draft papers for IPO

Summary

INOX Air Products has filed a draft red herring prospectus with Sebi to launch an IPO. The company operates across industrial, medical, electronic and specialty gases.

The filing moves INOX Air Products from private fundraising toward a public-market test. The offer

Why it matters

The IPO could give investors access to a specialized gases business and provide a public valuation benchmark for the sector.

2:36 AMEconomic Times

ETMarkets Smart Talk| ‘Desi to Videsi’: How GIFT City is changing the way Indians invest globally — Mustafa Pardiwala

Summary

GIFT City is becoming a channel for Indian investors to access US stocks, ETFs and overseas themes such as artificial intelligence and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets explains how smaller investments, fractional ownership, ETFs and currency management can shape that exposure.

The shift is from direct domestic investing toward regulated global diversification through India's international financial

Why it matters

GIFT City could make global assets more accessible to Indian households while increasing the importance of currency and cross-border investment risk.

1:15 AMEconomic Times

Jefferies is bullish on 6 healthcare stocks with upside potential of up to 46%. Own any?

Summary

Hospital stocks have fallen amid scrutiny of cancer-drug markups and pharmacy practices, but Jefferies retained Buy ratings on six healthcare companies. Its targets imply 22% to 46% upside, supported by projected EBITDA growth through FY29.

The gap between regulatory pressure and Jefferies' long-term earnings outlook creates a stock-specific rather than

Why it matters

The selloff may create opportunities, but regulatory exposure now matters as much as growth in healthcare valuations.

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