38 stories from 4 sources

Domestic liquidity cushions India’s market against foreign selling

Day’s Recap

Supporting Articles

4:11 AMEconomic Times

FPI selling crosses Rs 52,000 crore in October as Nifty defies foreign exodus

Summary

Foreign portfolio investors sold more than Rs 52,000 crore of Indian equities in October, exceeding September's outflows. The Nifty and Sensex nevertheless rebounded as domestic institutions bought heavily and IT stocks gained.

Domestic liquidity is offsetting the foreign withdrawal, preventing global risk pressures from translating into an

Why it matters

The market is holding up, but its resilience now rests more on domestic investors than on global capital.

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2:33 AMEconomic Times

FPIs pull out Rs 52,100 cr from equities in Oct so far amid global headwinds

Summary

Foreign portfolio investors have withdrawn Rs 52,100 crore from Indian equities in October, after selling Rs 35,861 crore in September. Higher US bond yields, elevated crude prices, and a stronger dollar have kept sentiment weak despite a brief buying session on October 16.

The second consecutive month of heavy selling points to a broader reversal in foreign risk

Why it matters

Sustained FPI outflows can pressure the rupee, liquidity, and market valuations at the same time.

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2:31 AMEconomic Times

Mcap of nine of top-10 most valued firms surges by Rs 3.65 lakh cr; TCS shines

Summary

Nine of India's ten most valuable companies added a combined Rs 3.65 lakh crore in market value last week as the Sensex and Nifty rose sharply. TCS, Bharti Airtel, and Infosys led the gains, while Larsen & Toubro was the only company in the group to lose value.

The broad rise shows that the rebound extended beyond a single market leader, with technology,

Why it matters

Large-cap breadth is strengthening the market rebound, but leadership remains concentrated in selected sectors.

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8:50 PMEconomic Times

Jio Platforms IPO, Paras Healthcare issue to drive primary market activity this week

Summary

Jio Platforms is preparing a ₹30,213 crore IPO for October 21, followed by Paras Healthcare's ₹1,450 crore issue. Shares of Vaibhav Vyapaar, Ravita Engineering Services and Shellz India are also set to list after completing their offerings last week.

The pipeline points to a crowded primary market, with a large Jio issue likely to

Why it matters

Jio's issue could set the tone for issuance and valuations across India's broader primary market.

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1:11 AMEconomic Times

Mega Jio Platforms IPO to lead Rs 31,663 crore offerings this week; 9 listings lined up

Summary

India's primary market will see Rs 31,663 crore of IPOs this week, led by Reliance Jio Platforms' Rs 30,213 crore issue and Paras Healthcare's Rs 1,450 crore offering, both opening on October 21. Nine companies are also scheduled to list, including six on the mainboard and three on SME platforms.

Jio's issue will dominate investor liquidity and attention, making this a major test of demand

Why it matters

The scale of Jio's offering could reset near-term IPO pricing, liquidity and investor appetite across India's primary market.

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11:51 PMEconomic Times

Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices

Summary

Axis Bank reported a 38% year-on-year increase in standalone Q2 FY27 net profit to Rs 7,003 crore, while net interest income rose 12%. Its shares fell more than 4%, with Jefferies retaining a Buy rating as Centrum Broking and Dolat Capital cut their target prices.

The sell-off suggests investors focused on the quality and durability of earnings rather than the

Why it matters

Axis Bank must convert strong reported profit into sustained core growth to restore investor confidence.

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10:37 PMBloomberg Markets

Nifty Bank Heavyweights HDFC, ICICI in Focus After Weekend Earnings

Summary

HDFC Bank, ICICI Bank and Axis Bank reported mixed results, giving investors different signals on growth, asset quality and profitability across the banking sector.

The earnings split puts execution, rather than sector-wide momentum, at the center of the banking

Why it matters

The results could reset valuations and sector leadership after a period of strong investor focus on private banks.

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3:37 PMEconomic Times

Private banks' margins fall as FCNR deposits raise funding costs

Summary

Leading private banks reported lower net interest margins in the second quarter as foreign currency non-resident deposits increased funding costs. Margins also faced pressure from faster repricing of loans as interest rates declined.

The margin squeeze shows that deposit-led funding strategies can carry a high near-term cost, especially

Why it matters

Lower margins could limit private banks' earnings momentum even if loan growth remains strong.

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11:17 PMEconomic Times

U-turn from regulator may be new lifeline to Indian derivatives

Summary

The restoration of a stable settlement system in India's equity derivatives market could help repair trading conditions after the closure auction process introduced in August caused disruption. Market participants expect clearer rules to rebuild trader confidence and support derivatives volumes.

The regulatory reversal removes a key source of uncertainty for brokers and traders. Volume recovery

Why it matters

A more predictable settlement regime could revive derivatives activity, but it also tests the regulator's ability to balance market growth with risk controls.

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9:00 PMBloomberg Markets

U-Turn From Regulator May Be New Lifeline to Indian Derivatives

Summary

India's market regulator has restored an earlier mechanism for settling derivatives prices, a change intended to reduce uncertainty that has weakened trading activity. The move could support a gradual recovery in the battered equity derivatives market.

The reversal removes a technical source of confusion at a time when derivatives participation has

Why it matters

Clearer settlement rules can improve liquidity and confidence in one of India's most heavily traded market segments.

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11:27 PMEconomic Times

IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoY

Summary

IDBI Bank's Q2 FY27 net profit fell 39% year on year, partly because the previous year's results included a one-off gain, while net interest income dropped nearly 50%. Underlying margins, asset quality, deposits and advances improved, and Fairfax Financial's proposed acquisition of a 60.72% stake advanced the bank's privatisation process.

The headline decline overstates the deterioration because of the prior-period one-off, but the sharp NII

Why it matters

IDBI Bank's outlook now rests on both improving standalone fundamentals and the uncertain payoff from privatisation.

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3:49 PMEconomic Times

Challenges ahead for Fairfax's management of IDBI Bank post ₹52,878 crore stake deal approval

Summary

Fairfax Financial's subsidiary will acquire a 60.7% stake in IDBI Bank for ₹52,878 crore, giving it control over the bank's operations. The new management must address employee resistance and weak asset quality while preserving the bank's comparatively strong profitability.

Control of IDBI Bank now shifts to Fairfax, but the deal's value will depend on

Why it matters

The transaction gives Fairfax a large Indian banking platform, but its returns will hinge on turning around asset quality without sacrificing profitability.

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9:14 PMEconomic Times

YES Bank book value may fall up to 26% after SC ruling on AT-1 bonds

Summary

The Supreme Court's ruling on AT-1 bonds could expose Yes Bank to a payout of about ₹8,415 crore and reduce its book value per share by as much as 26%. The liability could also weaken its CET1 ratio and constrain future growth.

The ruling turns a legal dispute into a capital and valuation problem for Yes Bank.

Why it matters

The potential payout threatens both shareholder value and the bank's capacity to grow without fresh capital.

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8:00 PMEconomic Times

Public sector banks' Rs 7.8 lakh core corporate loan pipeline signals capex revival

Summary

Public sector banks report a corporate loan pipeline of about ₹7.8 lakh crore, led by demand from renewable energy, semiconductor manufacturing and other investment-heavy sectors. Large and mid-sized companies are driving the revival, with some banks recording corporate credit growth above 50% year on year.

The pipeline points to a shift from cautious balance-sheet repair toward investment-led borrowing. If projects

Why it matters

A broad-based corporate borrowing cycle would strengthen bank growth while providing an early test of India's investment recovery.

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6:55 PMPYMNTS

Indian Consumers Embrace Cash Ahead of New Instant Payment Fees

Summary

Indian consumers are reportedly increasing their cash usage ahead of new fees on the country's UPI instant payment system. Beginning next month, transactions above 2,000 rupees will incur a small charge, prompting some users and merchants to reconsider digital payments.

The anticipated fee is already weakening the cost advantage that helped UPI become a default

Why it matters

A small charge on a dominant payment network could slow digital-payment growth and revive cash in one of the world's most important real-time payments markets.

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Other Developments

A curated list of other prominent stories from this day.

10:46 PMEconomic Times

RIL nears technical breakout amid Jio IPO buzz: Anand James shares the outlook

Summary

Reliance Industries shares have moved above their 10-day moving average for consecutive sessions, while a broadening-wedge pattern approaches a possible upside breakout. The stock still faces resistance near ₹1,220 as investors track the planned Jio Platforms IPO.

The immediate test is whether Reliance can clear ₹1,220 and convert improving momentum into a

Why it matters

A breakout could lift Reliance's valuation and strengthen expectations around the monetization of its digital assets.

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9:30 PMFinancial Times

Private equity finds next Asian frontier

Summary

Foreign firms account for most large private equity buyouts in India, Asia's fourth-largest economy. The trend points to sustained international interest in the country's expanding deal market.

Foreign investors are taking the lead in India's biggest buyouts, making access to large transactions

Why it matters

India is becoming a core private equity destination in Asia, with foreign capital setting the pace of large deals.

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8:30 PMEconomic Times

D-St set for a cautious opening as GIFT Nifty signals muted start

Summary

GIFT Nifty points to a muted opening after the benchmark Nifty gained 0.7%. Analysts expect consolidation, with resistance at 22,650 and 22,800 and support near 22,500, while foreign investors bought ₹1,165 crore and domestic flows remained negative.

The market has support from foreign buying but lacks broad domestic participation, making the next

Why it matters

The contrast between foreign inflows and domestic selling makes index levels and market breadth especially important.

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8:29 PMEconomic Times

Pharma Q2 Outlook: Pricing pressure, US competition to weigh on select players

Summary

Indian drugmakers are expected to deliver uneven September-quarter results. Sun Pharma and Aurobindo Pharma are positioned for stronger growth, while Dr Reddy's Laboratories and Lupin face pressure from US competition, pricing weakness and a high comparison base.

US pricing and competitive intensity will separate the sector's winners from its laggards, rather than

Why it matters

The quarter could widen valuation gaps between pharma companies with durable products and those reliant on vulnerable US generics.

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8:14 PMEconomic Times

Nifty rally faces crucial test at key resistance levels: Analysts

Summary

The Nifty rose 3% last week and formed a higher-top and higher-bottom pattern, strengthening its near-term technical outlook. Analysts see key resistance ahead, while Bank Nifty is nearing levels that could limit further gains; Coforge, Kotak Bank and Indian Hotels remain favored setups.

The rally now needs a decisive break above resistance to prove that it is more

Why it matters

A failed breakout could trigger profit-taking, while a confirmed move higher would validate the market's improving trend.

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3:30 PMEconomic Times

IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors

Summary

IIFL Finance plans to raise ₹2,500-5,000 crore through a minority stake sale, while its promoters may subscribe to warrants to limit dilution. Fairfax Financial is reportedly considering an exit because of regulatory requirements, and the fundraising would strengthen IIFL Finance's capital base.

The proposed transaction would address capital needs while managing a potentially disruptive shareholder exit. Promoter

Why it matters

The deal could reshape IIFL Finance's ownership and provide the capital needed to support growth under tighter regulatory conditions.

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3:21 PMEconomic Times

Banks also count cost of insurance payout curbs

Summary

Proposed restrictions on insurance payouts could reduce bancassurance income across Indian banks. Central Bank of India expects a 33% decline in fees, while Canara Bank estimates a ₹145 crore hit; Axis Bank plans to offset some losses through higher volumes and other fee businesses.

The rules would directly weaken a fee stream that banks have used to diversify beyond

Why it matters

Regulatory changes to bancassurance could pressure bank fee income and increase reliance on interest margins.

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3:14 PMEconomic Times

Anup Bagchi backs 'exceptional' team as he connects the dots at HDFC Bank

Summary

Anup Bagchi will become HDFC Bank’s managing director and CEO on October 27. Before making changes, he is reviewing the bank’s balance sheet and profitability structure and plans to consult regulators, customers, and other stakeholders.

Bagchi is choosing diagnosis over an immediate strategic reset as he prepares to lead the

Why it matters

HDFC Bank’s next phase will be shaped first by Bagchi’s assessment of its existing model, not by a rapid change agenda.

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3:01 PMEconomic Times

Tata Sons reviews AoA to meet Sebi listing norms

Summary

Tata Sons is reviewing its Articles of Association to comply with Sebi rules for listed entities after the RBI rejected its request to surrender core investment company registration. The changes could affect the influence Tata Trusts exercises over board appointments.

The RBI’s rejection has pushed Tata Sons toward a governance structure designed for listing compliance,

Why it matters

The review could reshape control and succession governance at the center of the Tata conglomerate.

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1:47 PMEconomic Times

Global investors against use of judicial anti-avoidance rule by tax officials

Summary

Foreign investors have challenged Indian tax authorities' use of the judicial anti-avoidance rule to deny relief on grandfathered shares. They told the Central Board of Direct Taxes that the approach conflicts with earlier CBDT guidance, amid continuing uncertainty over the interaction between JAAR and GAAR and relevant Supreme Court rulings.

The dispute raises the risk that tax officials could apply anti-avoidance principles beyond the expectations

Why it matters

Unpredictable tax treatment can raise India's risk premium and deter long-term foreign investment.

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5:50 AMEconomic Times

Bajaj Finance Q2 preview: Profit may jump 29%, NII 24% as strong loan growth lifts earnings

Summary

Analysts expect Bajaj Finance to post a 29% year-on-year increase in net profit and 24% growth in net interest income for the July-September quarter. Strong loan demand and rising assets under management are driving the outlook, though higher borrowing costs could pressure margins.

Loan growth remains the main earnings engine, but funding costs will determine how much of

Why it matters

The results will show whether Bajaj Finance can convert rapid lending growth into durable profit expansion without sacrificing margins.

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3:58 AMEconomic Times

FMCG firms grapple with input cost inflation in Q2, brace for margin pressure in H2

Summary

FMCG companies are absorbing higher input costs as commodity prices rise, putting pressure on Q2 margins. They may raise prices after the festive season, but remain cautious about demand in urban and rural markets during the second half of FY27.

Rising costs are shifting the industry from protecting volumes to defending profitability. Price increases could

Why it matters

The next phase of FMCG growth will depend on whether companies can pass through costs without damaging already-sensitive consumer demand.

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1:53 AMEconomic Times

Bonus issues, stock splits & dividends: HDB Financial, IRFC, TechM among 19 stocks turning ex-record date this week

Summary

Nineteen companies, including LTIMindtree, Tech Mahindra, IRFC, HDB Financial Services, and Angel One, have set record dates this week for dividends, stock splits, or bonus issues. Investors must hold the shares by the applicable eligibility date to receive the announced benefits.

The corporate actions can affect trading prices and investor eligibility, but they do not by

Why it matters

Missing the eligibility cutoff can mean losing a dividend or share entitlement even when the stock remains in an investor's portfolio.

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1:49 AMEconomic Times

LG Electronics, Polycab among picks as premiumisation and infrastructure demand drive growth: Siddhartha Khemka

Summary

Consumer durable demand is recovering unevenly during the festive season, with premium products and weather-sensitive categories performing better. LG Electronics and Polycab are favored for their exposure to premiumisation, infrastructure demand, and category growth, with target prices of Rs 2,075 and Rs 10,600 respectively.

The investment case is shifting from a broad festive recovery to selective demand strength, favoring

Why it matters

Uneven consumption means investors may need to prioritize business positioning over a broad sector recovery thesis.

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12:45 AMEconomic Times

Can Nifty, Sensex rally further or will bears reign in? 5 factors to steer market this week

Summary

The Sensex and Nifty extended their gains for a second session on Friday, led by IT stocks and supported by auto, metal and public-sector banking shares. The recovery remains intact as long as the Nifty holds the 22,750 to 22,800 support zone.

The decisive test is whether the Nifty can defend 22,750 to 22,800 after the recent

Why it matters

The support band will determine whether the rally develops into a broader recovery or fails as a short-term bounce.

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