Brent crude futures rose $1.14, or 1.11%, to $103.73, while US West Texas Intermediate crude gained 15 cents, or 0.30%, to $89.50 a barrel. Brent is on track for a monthly gain of around 14%, which would be its biggest rise since July. WTI is set for a 4% monthly increase after earlier crossing $106 a barrel for the first time since May.
Robinhood is set to revolutionize trading by offering 24/7 access to select US stocks during weekends, fostering a more flexible investment environment for its users. This move aligns with a growing trend towards longer trading hours. Alongside this, new features will allow betting on corporate earnings and trading perpetual futures.
The Rs 2,100-crore Elevate Campuses IPO has a price band of Rs 343-362 per share. The book-built issue comprises an entirely fresh issue of 5.80 crore equity shares aggregating to Rs 2,100 crore, with no offer-for-sale (OFS) component.
The public issue opened for subscription on September 23 and closed on September 25, 2026. The issue was subscribed 7.91 times overall. The retail portion was subscribed 5.64 times, while the non-institutional investor (NII) category received 19.35 times subscription. The qualified institutional buyer (QIB) portion was subscribed 3.31 times.
In the grey market, the SRIT India IPO is commanding a premium of Rs 33, or 25%, over its upper price band of Rs 130 per share. At the current GMP, the estimated listing price stands at around Rs 163 per share.
Facing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pivot might cause a staggering loss of over 100,000 jobs as the industry reduces reliance on fixed sales teams. Brokers are expected to embrace more flexible cost structures and optimize sales output. Unfortunately, smaller brokers lack the established client base needed to weather these changes, risking their operational sustainability.
An analysis indicates that more than 50% of companies within the BSE 500 are trading below their five-year average valuations. Furthermore, close to two-thirds of these organizations have not provided any returns in the past two years. Geopolitical tensions have resulted in marked volatility in energy prices, impacting logistics and commodity costs on a global scale.
During the initial nine months of 2026, investment banks generated fees totaling ₹2,274 crore by managing 81 mainboard IPOs. This figure showcases a notable uptick in both earnings and amounts raised versus last year. The September quarter alone yielded around ₹1,600 crore, highlighting a remarkable rebound in the primary market.
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing and ongoing inflationary pressures. Analysts expect demand for government securities to fall significantly short of supply. The trajectory of bond yields will also be heavily influenced by oil prices, particularly if crude stays high.
Indian equity benchmarks faced a decline as both the Nifty 50 and BSE Sensex hit six-month lows. The Nifty 50 saw a drop of 64.05 points, or 0.28%, closing at 22,716.20. Notably, Tata Steel announced a favorable tax order and made significant investments in its subsidiary. Other companies including Poonawalla Fincorp and Cummins India reported various corporate developments affecting their market positions.
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