HD Fire Protect has fixed the price band for its Rs 712.31 crore IPO at Rs 258-271 per share. The issue will open on October 13 and close on October 15, 2026. Entirely an offer for sale, the IPO will see promoters sell 2.63 crore shares, with the company receiving no proceeds from the issue.
RBI’s first repo rate hike in nearly four years highlights why interest rates matter for stock valuations, echoing Warren Buffett’s long-held view that higher rates can weigh on asset prices.
European shares fell after three sessions of gains as rising oil prices and global bond yields weighed on sentiment, while concerns over France’s fiscal position added to pressure on markets.
In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.
RBI’s 25-bps repo rate hike to 5.50% was largely expected, but its shift to ‘calibrated tightening’ surprised markets and signals that near-term rate cuts are unlikely. Analysts expect selective pressure on rate-sensitive sectors, while banks with stronger balance sheets may remain relatively better placed amid rising inflation and crude prices.
Jefferies has boosted its investment stance on Reliance Industries, citing appealing valuations and an outlook for upgrades. Additionally, the firm has raised its stakes in Kotak Mahindra Bank, driven by strong growth prospects. Welspun Corp is now part of the portfolio due to anticipated expansion in oil and gas infrastructures.
Hong Kong stocks fell as rising oil prices, weak economic data and selling in major technology and biotechnology shares weighed on sentiment. The Hang Seng declined 0.5%, while tech stocks dropped 0.9%. A weak PMI, subdued consumer demand and mixed industrial data added caution, despite optimism from China’s policy support.
Bank stocks including Kotak Mahindra Bank, PNB, Union Bank and Canara Bank gained up to 2% after the RBI rose on Monday after the repo rate by 25 basis points to 5.50%. The Nifty Bank index rose as investors assessed the impact of the rate hike and the RBI’s shift to calibrated tightening.
RBI announced measures to simplify financial tracking, allowing SEBI-registered depositories to include bank deposit details alongside securities, equity and debt holdings in a single consolidated statement by end-2026. It also approved interoperability among NBFC account aggregators, enabling financial information to be aggregated across multiple account aggregators through a single account.
In an interaction with Kshitij Anand of ETMarkets, Harish Krishnan, CIO – Equity, Aditya Birla Sun Life AMC, discusses the risks and opportunities in the broader market, why investors should not confuse momentum with quality, and why earnings, cash flows and return on capital will become increasingly important.
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