Ankit Gohel

The IPO valued Airtel Mobile Commerce NV, the company's formal name, at approximately £5.3 billion, or around $7 billion. The offering raised roughly £529 million ($700 million) through the sale of 270 million shares.

KEC International said its Transmission & Distribution (T&D) business has secured orders for 400 kV Transmission line in Bhutan and an additional order for a 380 kV Transmission line in Saudi Arabia.

Broader markets also ended in positive territory. The Nifty Smallcap 100 index closed 0.55% higher, while the Nifty Midcap 100 index settled 1.55% up. The India VIX, which measures expected market volatility, ended 6.03% lower.

Global market cues remain weak as Asian markets traded lower and the US stock market declined overnight, weighed down by selloff in technology stocks.

The MSCI Asia Pacific equities index fell 0.1%. Japan's Nikkei 225 declined 0.61%, while the Topix eased 0.09%. Hong Kong's Hang Seng index futures indicated a marginally higher opening.

GM Breweries manufactures and markets country liquor (CL) and Indian-made foreign liquor (IMFL). Its products include GM Santra, GM Doctor and GM Limbu Punch.

BofA expects Nifty earnings to grow 18% year-on-year in Q2FY27, with Financials, Energy and Telecom likely to lead earnings growth. However, Healthcare and Staples could lag, with both sectors expected to report a decline in profits during the quarter.

Goldman Sachs maintained its Buy' rating on One 97 Communications, the parent company of fintech giant Paytm, and the target price to Rs 2,070 apiece from Rs 1,500 earlier.

All the sectoral indices witnessed selling, with Nifty Metals, Nifty Realty, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty FMCG indices falling the most.

Jay Thakkar has recommended three stocks to buy — HDFC Life Insurance Company, Petronet LNG and Bharat Heavy Electricals (BHEL) — in the futures segment.

Asian markets traded lower, while US stock market declined overnight as the long-dated US Treasury yields resumed upside.

The MPC unanimously backed the rate hike and indicated that future policy action would either be a further hike or a pause, effectively taking rate cuts off the table in the near term. The shift has strengthened expectations that the RBI has entered a new rate-hike cycle.

The CGST administration currently covers around 6.5 million registrations, which could eventually come under the proposed faceless assessment framework.

The upward revision in growth forecast by 40 bps further underscores the strength of economic activity despite significant headwinds, RBI Governor Sanjay Malhotra said.

HSBC expects the RBI to raise the repo rate by 25 bps to 5.5% in October, followed by another 25-bps hike in December. It expects September inflation to rise to around 5.5% from 4.8% in August, with inflation averaging just above 6% in the fourth quarter of 2026.

Individually, Titan, Asian Paints and BEL were top drags on 30-share BSE Sensex index. On the flipside, Kotak Mahindra Bank, Bharti Airtel and ICICI Bank were top gainers.

The sentiment in the Indian stock market today will remain cautious ahead of the RBI policy decision, while rate-sensitive stocks may show some volatility.

Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq posting all-time closing highs.

Nilesh Shah expects high-single-digit to low-double-digit earnings growth in large caps to broadly translate into investor returns, while double-digit earnings growth could support similar returns in the mid- and small-cap segment.

If delivered, the hike would be the RBI's first since February 2023 and take the repo rate up from 5.25%, where it has remained for nearly 10 months. The MPC had cut the repo rate by a cumulative 125 basis points in 2025, from 6.50% to 5.25%.