📰 Latest Economy & Stock Market News
Global Market: Foreign investors pull $23.5 billion from Asian equities in September as US yields surge
Updated at : 2026-10-09 16:25:03

Foreign investors withdrew $23.49 billion from Asian equities in September as rising US Treasury yields, inflation fears and tighter monetary policies weakened risk appetite. South Korea and India led outflows, while hedge funds reduced exposure amid persistent market uncertainty.

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Madhusudan Kela-backed MV Electrosystems shares more than double from IPO price in just 2 months. Should you buy?
Updated at : 2026-10-09 16:20:03

MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kela’s stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the company’s future profitability.

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Global Market: European stocks rebound as oil prices ease; telecom shares slide on SpaceX deal
Updated at : 2026-10-09 15:30:03

European shares rebound as easing oil prices and retreating bond yields support sentiment amid hopes of reduced Middle East tensions. Telecom stocks lag after SpaceX’s spectrum deal sparks concerns about rising competition for established wireless operators.

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Zetwerk said to plan up to $525 mn India IPO next week
Updated at : 2026-10-09 15:25:02

Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.

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Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI
Updated at : 2026-10-09 15:20:03

US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising the risk of a sharp market correction.

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Global IPO market faces setback as high-profile listings are scrapped, delayed in 2026
Updated at : 2026-10-09 14:40:03

Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.

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Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day
Updated at : 2026-10-09 14:35:02

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.

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Pidilite shares rise marginally as company appoints Amit Agarwal CFO-designate
Updated at : 2026-10-09 14:30:03

Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company Secretary.

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Ashish Kacholia sells over 2 lakh Carysil shares in Q2. How has the stock fared?
Updated at : 2026-10-09 14:25:02

Ace investor Ashish Kacholia trimmed his stake in Carysil by over 2 lakh shares during the July-September quarter of FY27, reducing his holding to 2.72%. The kitchen sink maker’s stock has corrected sharply from its July peak after a strong rally earlier this year. Here’s a look at Carysil’s recent share price performance, long-term returns and analyst outlook.

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US 10-year Treasury yield could hit 6% as oil prices, debt worries mount: Pimco CIO
Updated at : 2026-10-09 14:20:03

The 10-year US Treasury yield could reach 6% for the first time since 2000, according to Pimco’s Dan Ivascyn. Rising oil prices, inflation concerns, mounting government debt and bond market pressures threaten financial stability. Higher yields could increase borrowing costs, weaken stocks and corporate bonds, and tighten global financial conditions.

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