The euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthened despite weak US jobs data, supported by elevated Treasury yields and safe-haven demand. Diverging central-bank expectations and persistent bond volatility are likely to keep currency markets under pressure.
US stocks face downside risks as volatility-control funds and CTAs hold historically high equity exposure after the S&P 500’s rally. A volatility spike could force systematic strategies to sell heavily, potentially amplifying market declines. Concentrated AI-related gains, stretched positioning and upcoming US midterm elections add to concerns over market volatility.
Gold is facing renewed selling pressure after the US Fed’s rate hike, with higher Treasury yields and a stronger dollar reducing the appeal of the non-yielding asset. The 10-year US Treasury yield climbed towards 5.25%, while the Dollar Index moved above 101, outweighing support from geopolitical uncertainty.
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.
Runwal Enterprises shares are set to list on the BSE and NSE with a zero GMP, indicating expectations of a flat debut near the IPO price of Rs 305. The Rs 500-crore IPO, entirely a fresh issue, was subscribed 2.64 times, led by QIB and NII demand at 4.10 times and 4.14 times, respectively, while the retail portion was subscribed 1.19 times.
The scan identifies stocks where the RSI value has crossed above 50 from below, signalling strengthening momentum.
HDFC Bank shares rose after Anup Bagchi was appointed as the bank’s new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.
After a long slump, the Indian stock market is experiencing a refreshing surge, with both Sensex and Nifty indices showcasing notable increases. The recent leadership transition at HDFC Bank has invigorated investor trust and market dynamics. With oil prices dropping and inflation worries easing, combined with a calming outlook on Federal Reserve rate hikes, investors appear to be regaining their footing and confidence.
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27. Deposits also grew nearly 20% YoY, signalling continued business momentum.
Four F&O stocks saw a sharp rise in futures open interest, led by Anand Rathi Wealth, which recorded a 141.73% jump as of October 1.
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