Indian government bonds have faced a downturn for the eighth consecutive week, primarily influenced by soaring oil prices and a more aggressive stance from the central bank. The yield on benchmark bonds has surged, signaling a drop in investor confidence. Additionally, the Reserve Bank of India raised the repo rate to 5.50%, with economists anticipating further increments that may take it to at least 6.00%.
Bitcoin hovered near $82,000 as geopolitical tensions, rising oil prices and concerns over OpenAI revenue weighed on risk assets, triggering nearly $1 billion in crypto liquidations. Ethereum and major altcoins also declined, while analysts flagged $80,000 as a key Bitcoin support level amid elevated Treasury yields and continued market volatility.
Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. He advocates combining active and passive strategies while monitoring global yields, inflation and valuations to build diversified portfolios.
Nomura has cut PB Fintech’s target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.
Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.
Seven stocks from the BSE 1000 index hit fresh 52-week highs as the Sensex rallied 879 points. Cupid led the list with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and other stocks.
Airtel Money has made its debut on the London Stock Exchange after a significant IPO process. The offer price was set at £1.96 per share, with trading beginning conditionally. Initial trading reflected a slight increase as shares were valued at about £2.00 before easing. Bharti Airtel holds a significant stake in Airtel Money through Airtel Africa. Unconditional trading is expected to start on October 14, 2026.
The Indian equity markets saw a robust recovery as both the BSE Sensex and Nifty 50 registered remarkable gains. The Nifty 50 surged by 288.65 points, closing at 22,520.45, while the Sensex jumped 879.09 points. Notably, the Nifty IT index rose 3%, signaling a positive market sentiment. A total of 2,182 out of 3,684 stocks climbed higher, reflecting renewed investor interest in bargain opportunities.
European companies are expected to post 21% third-quarter earnings growth, led by energy firms benefiting from supply disruptions. However, excluding energy, growth is forecast at 9.7%, while real estate earnings are projected to fall sharply.
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