Four BSE 500 stocks, including Sun TV Network, Allied Blenders and Distillers, Leela Palaces Hotels & Resorts and Shyam Metalics, hit fresh 52-week highs, gaining up to 32% over the past month amid a broader market rally.
Tech Mahindra announced a 1:1 bonus share issue and Rs 15 interim dividend as it celebrated its 40th anniversary. The company expects bonus shares to be credited by December 15, 2026, subject to approvals, with October 23 as dividend record date.
Kotak AMC’s Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create long-term national wealth. He said the government’s remaining stake is now worth over Rs 62,000 crore and expressed hope that IDBI Bank’s divestment would deliver similar value.
Eurozone government bond yields fell as investors sought safe-haven assets amid a global technology stock sell-off and declining US Treasury yields. Meanwhile, money markets priced in higher European Central Bank rates over the longer term, while French-German and Italian-German bond spreads reflected ongoing market pressures.
Orient Electric Ltd has revealed a remarkable increase in net profit, soaring to Rs 27.06 crore in Q2 FY27, marking a more than two-fold jump from Rs 12.06 crore in the same quarter of the previous year. Additionally, the company reported a 25.15 percent growth in revenue from operations, totaling Rs 879.34 crore, with Electrical Consumer Durables revenue up by 24.85 percent to Rs 550.5 crore.
European shares faced a decline as technology stocks led the losses amid global selloffs and rising borrowing costs. The pan-European STOXX 600 index reported a 0.35% drop, reflecting investor sentiment adjustments after strong US inflation data. Companies involved in artificial intelligence investments experienced increased pressure, especially regarding their financing needs. However, certain corporate earnings, like those from Ericsson and Pernod Ricard, offered some support to the market.
Sebi is planning comprehensive reforms covering IPO disclosures, SME listings, corporate bond trading, and short-selling rules to ease compliance and safeguard investors. Speaking in Mumbai, Chairman Tuhin Kanta Pandey also outlined key initiatives, including Demat 2.0 for tokenised bonds, an AI sandbox, and streamlined onboarding for foreign portfolio investors.
US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies. He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the Trump administration’s push to reshape multilateral institutions around American priorities.
The IMF warned that Asia’s economic growth may slow to 4.4% in 2027 amid energy price shocks, Middle East conflict, AI market correction risks and rising bond yields. It urged central banks to prioritise price stability and governments to provide targeted fiscal support while managing inflation and debt pressures.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.