Bitcoin fell below $79,000 as strong US employment data revived expectations of tighter Federal Reserve policy. Rising oil prices and US-Iran tensions added inflation concerns ahead of US data, while institutional ETF inflows offered support despite weakening short-term momentum and cautious sentiment.
Four BSE 250 LargeMidcap stocks—Lenskart Solutions, Solar Industries India, Divi’s Laboratories and Laurus Labs—hit fresh 52-week highs despite a 555-point Sensex decline, highlighting strong investor interest and momentum across select large and mid-cap stocks.
Several Nifty Smallcap stocks have delivered stellar returns in CY26, with 28 stocks gaining over 50% so far and five turning multibaggers. A screen of stocks held by more than five mutual fund schemes identified 14 smallcaps that combine strong price momentum with institutional interest.
IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors.
European shares slipped as surging oil prices raised inflation concerns amid escalating Middle East tensions and threats to Gulf energy infrastructure. The STOXX 600 fell 0.2%, while Germany and France declined. Novartis plunged after a second drug trial setback, whereas Sandoz gained on ambitious long-term growth targets. Investors monitored energy risks.
The BOJ is expected to raise rates by 25 basis points in September, though markets are weighing the possibility of a larger hike. Persistent inflation, a stronger yen and cautious policymaking could shape the pace of Japan’s monetary tightening.
Eurozone bond yields remained near multi-year highs as investors assessed rising energy costs, German political uncertainty and Japan’s market volatility ahead of Thursday’s ECB meeting. Germany’s 10-year yield hovered around 3.38%, near a 15-year peak. Higher oil and gas prices could fuel inflation, complicating expectations for the ECB’s future policy path.
Eurozone investor sentiment rose to a more than four-year high in September, with the Sentix index climbing to 5.1 as both current conditions and economic expectations improved. Germany also recorded a sharp recovery, strengthening optimism around the region’s growth outlook.
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