Stock Market Highlights: Sensex Slumps 876 Points, Nifty 50 Ends Below 22,900; Axis Bank, Tata Motors PV, Infosys, Bajaj Fin Losses
Stock Market Highlights: Barring Nifty PSU Bank, all other sectoral indices ended in the red, with Nifty Private Bank, Nifty IT, Nifty FMCG, Nifty Realty and Nifty Auto falling the most.
Stock Market Highlights, October 19, 2026: The Indian stock market benchmark indices, Sensex and Nifty 50, declined over 1% each on Monday, October 19, dragged by heavy selling acorss the board, led by private banks and IT stocks.
The BSE Sensex crashed 876.37 points, or 1.17%, to close at 73,852.90, while the NSE Nifty 50 settled 257.20 points, or 1.11%, lower at 22,888.95. The Bank Nifty index ended 355.90 points, or 0.64%, lower at 55,488.10.
Broader markets also reeled under selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling more than 1% each.
Barring Nifty PSU Bank, all other sectoral indices ended in the red, with Nifty Private Bank, Nifty IT, Nifty FMCG, Nifty Realty and Nifty Auto falling the most.
Meanwhile, Brent crude oil prices fell below $109 per barrel on Monday but retained most of the previous week's gains as escalating hostilities in the Middle East and Eastern Europe kept supply concerns elevated.
Stock Market Highlights: Sensex Sees A Spike Of 53 Points Due To CAS, Nifty Up 15 Points
- Sensex At 73,853 Vs 73,800 At 3:15 PM
- Sensex Sees A Spike Of 53 Pts Due To CAS
- Nifty At 22,889 At Vs 22,874 At 3:15 PM
- Nifty Sees A Spike Of 15 Pts Due To CAS
- Nifty Bank At 55,488 Vs 55,482 At 3:15 PM
- Nifty Bank Sees A Spike Of 6 Pts Due To CAS
- Nifty Midcap 150 At 21,499 Vs 21,470 At 3:15 PM
- Midcap 150 Sees A Spike Of 29 Pts Due To CAS
Stock Market Highlights: Sensex Sinks 876 Points, Nifty 50 Ends Below 22,900
The Indian stock market benchmark indices, Sensex and Nifty 50, declined over 1% each on Monday, October 19, dragged by heavy selling acorss the board, led by private banks and IT stocks.
The BSE Sensex crashed 876.37 points, or 1.17%, to close at 73,852.90, while the NSE Nifty 50 settled 257.20 points, or 1.11%, lower at 22,888.95. The Bank Nifty index ended 355.90 points, or 0.64%, lower at 55,488.10.
Stock Market LIVE: Sensex Slumps 929 Points, Nifty 50 Below 22,900; CAS Underway
The Indian stock market witnessed heavy selloff on Monday. At 3:15 PM, the Sensex ended 929.09 points, or 1.24%, lower at 73,800.18, while the Nifty 50 settled at 22,873.55, down 272.60 points, or 1.18%. The Bank Nifty index closed 362.15 points, or 0.65%, lower at 55,481.85.
The special Closing Auction Session is underway.
Stock Market LIVE: Ultratech Cement, JSW Steel See Spike In Trading Volumes
Volume Buzzers:
- Ultratech Cement Ltd. volume crossed 2 times its 30-day average: 5,66,480 shares versus 2,82,649.
- JSW Steel Ltd. volume crossed 2 times its 30-day average: 31,32,914 shares versus 15,64,999.
Stock Market LIVE: Near-Term Outlook For MCX Silver Remains Cautious: Ajay Kedia
Silver price is attempting a recovery, with a potential MACD bullish crossover indicating improving momentum. However, prices remain below the 50 MA, keeping the near-term outlook cautious. A sustained breakout above Rs 2,13,872 could strengthen buying momentum, while failure to break this level may keep prices range-bound, said Ajay Kedia, Director, Kedia Advisory.
According to him, support of MCX silver is seen at Rs 2,07,971, while resistance is placed at Rs 2,13,872 level.
Stock Market LIVE: Gold, Silver Could Extend Recovery If Crude Keeps Softening, Yields Stay Lower: Ashish Rajodiya
Softer crude is easing inflation worries, and an AI-linked equity selloff has pulled Treasury yields lower, which together are giving bullion some room after last week’s volatility. Markets now price a Fed hold at the October 27–28 meeting as the clear base case, so the focus shifts to the tone of the statement and the next round of inflation data. If crude keeps softening and yields stay lower, gold and silver could extend their recovery, while a renewed oil spike or a hawkish signal from the Fed would put the gains at risk, said Ashish Rajodiya, Head of Commodities, PL Capital.
Stock Market LIVE: Market Valuations Ease, Earnings Expectations Hold Up: Bajaj AMC
Indian stock market valuations have eased since September 2024, while earnings and credit growth are gaining momentum. However, global uncertainties and high crude oil prices could keep markets volatile in the near term, according to Bajaj Asset Management.
The Nifty 50’s 12-month forward price-to-earnings (P/E) multiple fell 31%, from 24.8x to 17.2x by September 2026. The Nifty Midcap 150 declined 36%, from 35.6x to 22.8x, while the Nifty Small cap 250 eased 7%, from 25.0x to 23.2x.
India’s market capitalisation-to-GDP ratio is estimated at 122% for FY27, below its September 2024 high of 150%. Yet earnings delivery remains crucial for market performance.
“Valuation multiples have eased from recent highs, but the market capitalisation-to-GDP ratio remains elevated. Sustained earnings growth will be important for market performance ahead,” said Sorbh Gupta, Head - Equity, Bajaj AMC.
The gap between prices and earnings expectations is also notable: the Nifty 50 was down 8.09% year-on-year in September 2026, even as its forward 12-month earnings per share (EPS) estimate rose 9.62%.
Stock Market LIVE: PNB Grows Profit Slower Than ICICI Bank And Axis, Yet Its Stock Outran Them. Four Reasons Why
When the Dalal Street opened on Monday after a spree of bank results, what stood was a clear distinction between the investor's preference for PSU banks and their cautiousness towards the private lenders. The state-run Punjab National Bank was among the most bought stocks till afternoon trade, with its stock surging nearly 8% at one point of time.
On the other hand, the three big private lenders who reported their earnings on over the weekend — ICICI Bank, HDFC Bank and Axis Bank — plunged up to 5% as the second-quarter scorecard spooked investors.
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Stock Market LIVE: UltraTech Cement Share Price Falls Over 3% After Q2 Results
UltraTech Cement share price fell over 3% after the company reported Q2 results. The cement stock declined as much as 3.09% to Rs 10,590.05 apiece on the BSE.
Stock Market LIVE: Indonesia's Stock Market Selloff Deepens With Officials Set For MSCI Meeting
Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI Inc. warned the country may face a two-step downgrade.
The benchmark Jakarta Composite Index fell as much as 5.4% on Monday, extending a 12% plunge on Friday and further cementing Indonesia's position as the world's worst-performing stock market. The 10-year bond yield jumped 12 basis points to the highest in four months, while the rupiah weakened 0.2%.
Stock Market LIVE: UltraTech Cement Q2 Rises 21% YoY To Rs 1,494 Crore
UltraTech Cement Q2 Results (YoY)
- Net profit rises 21.4% to Rs 1,494 crore from Rs 1,231 crore
- Revenue grows 18.8% to Rs 23,295 crore from Rs 19,607 crore
- EBITDA up 20.3% to Rs 3,721 crore from Rs 3,094 crore
- EBITDA margin at 15.97% Vs 15.78%
Stock Market LIVE: Sensex Crashes Over 900 Points, Nifty 50 Below 22,900
The Indian stock market witnessed heavy selloff, with both the benchmark indices falling over 1% each. The Sensex crashed over 900 points and the Nifty 50 slipped below 22,900 level.
Stock Market LIVE: Zetwerk Manufacturing IPO Subscribed Over 2.1 Times So Far On Last Day
Zetwerk Manufacturing Businesses IPO has been subscribed 2.10 times in total so far on October 19, the last day of the bidding process. The issue received bids for 2.04 crore equity shares as against 97.50 lakh shares on the offer, NSE data till 1:20 PM showed.
The Retail Individual Investors (RIIs) segment has been booked 1.68 times, while the Non-Institutional Investors (NII) portion has been subscribed 3.98 times. The Qualified Institutional Buyers (QIBs) category received 1.59 times subscription.
Stock Market LIVE: Imagicaaworld Q2 Footfalls Down 6% To 2.10 Lakh Due To Monsoon
Imagicaaworld Entertainment reported lower footfalls in Q2FY27, in line with the inherent seasonality of the outdoor parks business. Consolidated footfalls across all parks during the quarter stood at 2.1 lakh, compared to 2.25 lakh in the corresponding period last year, registering a year-on-year drop of 6%, mainly due to heavy rains in the month of July and August 2026 in the key catchments.
Stock Market LIVE: Three Reasons Why Markets Are Falling Today: Sensex Slumps 700 Points, Nifty Cracks Below 23,000
Indian equities extended losses in Monday's session, with the benchmarks trading near the day's lows by noon. The Nifty 50 was at 22,948.95, down 197.20 points or 0.85%, after touching an intraday low of 22,922.95, down 223.20 points or 0.96%. The BSE Sensex was at 74,032.63, down 696.64 points or 0.93%, after hitting an intraday low of 73,962.43, down 766.84 points or 1.03%.
Check out three key reasons why markets are down today.
Stock Market LIVE: Where Are Gold Prices Headed?
As India celebrates Dussehra, 24-karat gold is trading near Rs 1.48 lakh per 10 grams after cooling over 6% last month from its record highs.
What has changed this festive season is not the Indian household’s love for gold, but how people are buying it. Families are keeping their festive rupee budgets steady even if it means taking home lighter jewellery, while a growing share of money is moving into gold coins, bars, and exchange-traded funds. That shift matters because festive buying is turning from pure ornament shopping into disciplined wealth protection. Going forward, high US interest rates will cap any runaway rally, keeping gold within a plus or minus 5% range near term. This Dussehra, buyers are treating recent price dips not as a warning, but as an entry point, said Rajeev Sharan, Head of Research, Brickwork Ratings.
Stock Market LIVE: PC Jeweller Shares Rally 14%, Extend 5-Day Surge To 28%: What's Fueling The Run-Up?
Shares of PC Jeweller Ltd. extended their winning streak and surged as high as 14.4% on Monday. After today's rise jewellery company's stock has rallied over 28% in the last five sessions.
The rally comes after Aditya Kumar Halwasiya bought 5.10 crore shares of PC Jeweller at Rs 14.43 apiece on October 15, according to NSE's bulk deal data. The shares were bought at a transaction price of Rs 14.43 per share, the data highlighted, amounting approximately up to Rs 73.59 crore in total.
Stock Market LIVE: Nifty IT Falls Over 1%; Infosys, OFSS, Coforge Top Losers
The Nifty IT index fell over 1.4%, with all of its constituents trading in the red. Infosys, Oracle Financial Services Software, Coforge, Tech Mahindra and Mphasis were the top index losers.
Stock Market LIVE: Bank Nifty Falls Nearly 1%; Axis, Yes, HDFC Bank Top Drags
Bank Nifty index declined nearly 1%, dragged down by selling private sector lenders. Axis Bank, Yes Bank, HDFC Bank, Kotak Mahindra Bank and AU Small Finance Bank were the top index losers.
Stock Market LIVE: Bonfiglioli Transmissions IPO Booked 4.5 Times So Far
Bonfiglioli Transmissions IPO has been subscribed 4.56 times in total so far on October 19, the last day of the bidding process. The issue received bids for 13.82 crore equity shares as against 3.02 crore shares on the offer, NSE data till 12:15 PM showed.
The Retail Individual Investors (RIIs) segment has been booked 2.92 times, while the Non-Institutional Investors (NII) portion has been subscribed 13.96 times. The Qualified Institutional Buyers (QIBs) category received 40% subscription.
Stock Market LIVE: Union Bank Of India Q2 PAT Rises 30% YoY To Rs 5,537 Crore, Asset Quality Improves
Union Bank of India Q2 Results:
- Net profit rises 30.3% to Rs 5,537 crore from Rs 4,249 crore YoY
- NII up 20% at Rs 10,582 crore from Rs 8,813 crore YoY
- Operating Profit rises 19% to Rs 8,108 crore from Rs 6,814 crore YoY
- Gross NPA At 2.42% Vs 2.65% QoQ
- Net NPA At 0.42% Vs 0.47% QoQ
- Provisions at Rs 701 crore Vs Rs 979 crore QoQ Vs Rs 1,397 crore YoY
- Provision Coverage Ratio as of Sept 30 at 95.2%
Stock Market LIVE: Jupiter Life Line Hospitals Signs Hypothecation Agreement With HDFC Bank
Jupiter Life Line Hospitals Limited has entered into hypothecation agreement with HDFC Bank for financing the capital expenditure requirement of the company. HDFC Bank will finance the company’s capex requirement by providing Rs 500 crore term loan.
Stock Market LIVE: HFCL Q2 Net Profit Jumps To 363 Crore, Margin Improves
HFCL Q2 Results (YoY)
- Net profit jumps to Rs 363 crore from Rs 68 crore
- Revenue rises to Rs 2,542 crore from Rs 1,043 crore
- EBITDA up at Rs 631 crore from Rs 189.8 crore
- EBITDA margin improves to 24.8% from 18.2%
Stock Market LIVE: Sensex Slips Over 500 Points, Nifty 50 Below 23,000
The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower, dragged by heavy selling in private banks and IT stocks.
The BSE Sensex fell over 500 points, while the NSE Nifty 50 declined 0.7% to trade below 23,000 level.
Broader markets also reeled under selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling 0.5% each.
Stock Market LIVE: Tonbo Imaging IPO Subscribed Over 22 Times So Far On Last Day
Tonbo Imaging India IPO has been subscribed 22.01 times in total so far on October 19, the last day of the bidding process. The issue received bids for 18.76 crore equity shares as against 85.26 lakh shares on the offer, NSE data till 11:30 AM showed.
The Retail Individual Investors (RIIs) segment has been booked 14.82 times, while the Non-Institutional Investors (NII) portion has been subscribed 62.70 times. The Qualified Institutional Buyers (QIBs) category received 4.04 times subscription.
Stock Market LIVE: Ixigo Share Price Jumps 15% After Posting Highest Ever Quarterly Profit
Le Travenues Technology (Ixigo) share price jumped nearly 15% after the company reported its highest ever quarterly profit. Ixigo shares rallied as much as 14.96% to Rs 165.95 apiece on the BSE.
Stock Market LIVE: Receding AI Euphoria, Cooling US Bond Yields Key Positive Catalysts For India: ICICI Securities
US bond yields dropped sharply despite the higher-than-expected inflation reading.
According to ICICI Securities’, the shrinkage stems from the retreating euphoria in AI stocks, possibly inducing a cooling in their bond market borrowings while also attracting buyers at higher bond yields. The brokerage firm believes both these events bode well for Indian equities, as a compression in US yields alleviates mounting pressure from a rising ‘risk-free rate’, and a tempering of the AI euphoria defuses the relative attractiveness of AI stocks vs. the Nifty 50.
Separately, the growth outlook for India has gained unanimous upgrades from global agencies as well as the RBI. Also, the INR has appreciated from its recent lows, spurred by RBI measures, while the IDBI stake sale and progressive comments on capital market taxes by India’s Finance Minister serve as additional positive factors, it added.
Stock Market LIVE: When To Stop Investing And Clear Debt First
Investing is an important part of long-term wealth creation, but if you have outstanding loans or credit card dues, you may need to rethink where your money should go first. When the interest you pay on debt is higher than the returns you could earn on investments, clearing your dues may be the more financially sensible choice.
The decision, however, depends on the type of debt you have, its interest rate, your financial stability and how soon you need the money.
Stock Market LIVE: Nifty 50’s PEG Ratio Nearing Attractive Zone Of 1x: Vinod Karki
Nifty 50’s PEG ratio is nearing the attractive zone of ~1x, with forward P/E at ~17x and consensus YoY earnings growth expectations of ~15% for FY27, thereby improving prospects for future returns.
The PEG of ~1x is amongst the lowest levels seen over the past decade, and the encouraging part is that earnings growth expectations appear credible. Our earnings preview for Q2FY27 for the Nifty 50 indicates PAT growth is likely to stand at 22%. Given that Q1FY27 PAT growth for the Nifty 50 was ~14%, the prospects for mid-teen earnings growth for FY27 appear highly likely. High-frequency indicators for Q2FY27 also suggest robust nominal aggregate growth, thereby improving the prospects for FY27, said Vinod Karki, Equity Strategist at ICICI Securities.
Stock Market LIVE: PNB Shares Jump Over 7%; JM Financial Upgrades Stock, Raises Target
Punjab National Bank (PNB) share price rallied over 7% after the PSU bank reported a robust Q2 results with the highest ever RoA of 1.09% and net profit growth of 13% YoY. This is driven by NIM expansion, 8 bps QoQ, 24% YoY fee income growth and negligible credit cost.
JM Financial raised FY27 and FY28 EPS estimates by 17% and 19%, reflecting improved outlook. The brokerage firm upgraded its ratings PNB shares to ‘Buy’ from ‘Add’ and raised the target price to Rs 140 from Rs 120 earlier, valuing the core bank at 0.9x FY28E BVP.
Stock Market LIVE: Axis Securities Maintains ‘Buy’, Raises Target For ICICI Bank Shares
ICICI Bank has consistently demonstrated its ability to outperform peers even during periods of heightened uncertainty, reinforcing the strength of its franchise and execution capabilities. Consequently, Axis Securities believes the bank continues to deserve its premium valuations vs peers and remains its preferred pick amongst the large private banks.
The brokerage firm expects superior RoA and RoE delivery of 2.2-2.3% and 16-18% to continue over FY27-29. Current
Axis Securities maintained its ‘Buy’ rating on ICICI Bank and raised the target price to Rs 1,865 per share from Rs 1,800 earlier.
Stock Market LIVE: Why Is MCX Gold Lagging COMEX Gold And MCX Silver?
MCX gold price is advancing at a slower pace than COMEX gold and is also lagging MCX silver.
“A firmer rupee is reducing the benefit of the recovery in international prices, while silver’s rebound from oversold levels has been more pronounced. RBI intervention to support the rupee could further temper domestic bullion gains,” said Ponmudi R, CEO of Enrich Money.
According to him, immediate resistance for MCX gold price is placed at Rs 1,48,600, followed by Rs 1,50,000–Rs 1,50,700. On the downside, Rs 1,48,000 is the immediate support, followed by Rs 1,45,300–Rs 1,46,000 and then Rs 1,43,000–Rs 1,43,700. The RSI near 45 remains relatively flat, while the MACD is below zero but the negative histogram is narrowing.
Stock Market LIVE: Nifty 50 Faces Immediate Resistance At 23,200, Support At 22,900
Nifty 50 faces immediate resistance at 23,200, and a sustained move above this level could strengthen the ongoing recovery and push the index toward the 23,300–23,400 zone. However, failure to break through this hurdle could trigger profit-taking and limit further gains, said from Ponmudi R, CEO of Enrich Money.
On the downside, 23,000–22,900 remains the key support zone, and holding above this range is essential to preserving the recovery structure, while a breakdown could revive selling pressure and weaken the near-term outlook. Momentum indicators remain broadly unchanged, with the RSI hovering near 53 in neutral territory, suggesting a relatively balanced momentum setup, he added.
Stock Market LIVE: MCX Gold Rate Above Rs 1.48 Lakh Per 10 Grams, Silver Gains Rs 1,000 Per Kg
Gold and silver prices in India traded higher on Monday. MCX gold rate was up by Rs 454, or 0.31%, at Rs 1,48,372 per 10 grams. MCX silver price gained 1,053, or 0.50%, to trade at Rs 2,12,240 per kg.
Stock Market LIVE: Yes Bank Sees No Immediate Need For Capital Raise After Supreme Court's AT1 Bond Ruling
Yes Bank Ltd. sees no immediate need to raise capital following the Supreme Court's ruling on its Rs 8,415 crore additional tier-1 (AT1) bonds, with Chief Financial Officer Niranjan Banodkar saying the Mumbai-based lender has other options to manage the impact without compromising its growth plans.
“We don't need to solve for capital tomorrow,” Banodkar said during the bank's second-quarter earnings call, referring to its available capital-management options.
Stock Market LIVE: Shyam Metalics & Energy Shares Jump Over 3%
Shyam Metalics & Energy Ltd jumped over 3% led by strong buying interest.
Stock Market Live: Juniper Green Arm Commissions 65.4 MW Wind Power Capacity
- A subsidiary of Juniper Green has commissioned 65.4 MW of wind power capacity.
- The project forms part of the company's broader 200 MW wind power portfolio.
Stock Market Live: Lemon Tree Arm Gets Partial Relief In GST Appeal
- Fleur Hotels, a subsidiary of Lemon Tree Hotels, has received partial relief in a GST-related appeal.
Stock Market Live: RBI Approves Amalgamation Of Emirates NBD India Branches With RBL Bank
- RBL Bank has received an RBI approval letter for the amalgamation of the Indian branches of Emirates NBD Bank with RBL Bank.
Stock Market Live: KSB Bags Rs 85 Crore ONGC Order
- KSB has secured an order worth Rs 85 crore from ONGC.
- The contract is scheduled for execution by FY2029.
Stock Market Live: GMR Airports' September Passenger Traffic Rises 0.9%
- GMR Airports reported September passenger traffic of 92.4 lakh, up 0.9% year-on-year.
Stock Market Live: NGT Disposes Of Mining Case Against Bharat Coking Coal
- The National Green Tribunal (NGT) has disposed of a mining-related case involving Bharat Coking Coal and others.
- The tribunal noted that a similar matter is pending before the High Court.
Stock Market Live: Government Delegates More Dangerous Goods Oversight Powers To DGCA Officials
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The Central Government has delegated additional powers to more Directorate General of Civil Aviation (DGCA) officials under the Aircraft (Carriage of Dangerous Goods) Rules, 2026.
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Under the revised framework, Joint Directors General (Joint DGs) have been empowered to certify or approve Indian and foreign operators for the carriage of dangerous goods.
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Joint DGs will also be able to issue directions to operators, seek training records, and approve or reject operational manuals related to the transportation of dangerous goods.
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The notification allows certain enforcement and administrative functions, previously exercised by the DGCA, to be carried out by Joint DGs, Deputy Directors General, Directors, and officials in the Dangerous Goods Division.
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The move is aimed at strengthening regulatory oversight and streamlining enforcement under India's dangerous goods aviation framework.
Stock Market Live: Samvardhana Motherson Arm To Be Dissolved In Canada
- Canada's Ministry of Finance has approved the dissolution of Yachiyo Canada, a subsidiary of Samvardhana Motherson.
Stock Market Live: YES Bank Says AT-1 Verdict Could Impact CET-1 Ratio By 240 Bps; Reviewing Legal Options
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YES Bank said it is currently examining legal options following the Supreme Court's judgment on the AT-1 bond matter.
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The bank expects a 240-basis-point impact on its CET-1 ratio from the AT-1 bond ruling.
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Management described the AT-1 bond judgment as a significant development for the bank.
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YES Bank said it would not pre-empt any decision on whether there is a need to raise capital.
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The lender clarified that any impact from the AT-1 bonds would be routed through earnings at an appropriate time, and there would be no immediate cash outflow upon reinstatement of the bonds.
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The bank said its management priorities remain unchanged despite the Supreme Court verdict.
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YES Bank added that the implementation timeline remains unclear, while the implications relating to the bonds and associated obligations continue to be assessed.
Stock Market Live: ACME Solar Arm Signs PPA With SECI
- ACME Greentech Twenty, a subsidiary of ACME Solar Holdings, has executed a Power Purchase Agreement (PPA) with SECI for a peak power project.
Stock Market Live: Hero MotoCorp Launches New Xtreme Motorcycles
- Hero MotoCorp has launched the all-new Xtreme 160R 4V and refreshed Xtreme 250R motorcycles.
Stock Market Live: LCC Projects Bags Rs 152 Crore Water Supply EPC Contract
- LCC Projects has secured a Rs 152 crore EPC order from the Sauni Yojana Division in Rajkot.
- The contract is related to a water supply project.
Stock Market Live: GR Infra Gets Relief As High Court Quashes Rs 320 Crore Tax Notice
- GR Infraprojects said the High Court has quashed a show-cause notice linked to a Rs 320 crore tax demand.
Stock Market Live: Zen Technologies' Arm Reports Fire Incident At Hyderabad Facility
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Zen Technologies said a fire incident occurred at the production facility of its subsidiary Unistring Tech Solutions in Hyderabad, according to an exchange filing.
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The company said no injuries have been reported in connection with the incident.
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Zen Technologies added that the incident is expected to have minimal impact on the operations of the subsidiary.
Stock Market Live: RBI Said To Have Sold Dollars In FX Market To Support Rupee
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The Reserve Bank of India (RBI) was seen selling US dollars in the foreign-exchange market to support the Indian rupee, according to traders cited by Bloomber.
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The intervention comes amid recent volatility in the currency market and follows the rupee's move back below the 95-per-dollar mark.
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Market participants closely track RBI intervention activity, as dollar sales can help curb excessive currency volatility and support the domestic unit.
Stock Market Live: Jain Resource Issues Rs 150 Crore Corporate Guarantee To Subsidiary
- Jain Resource Recycling has issued a Rs 150 crore corporate guarantee to its subsidiary Jain Green Tech.
Stock Market Live: J&K Bank Sells 0.5% Stake In PNB MetLife For Rs 120 Crore
- Jammu & Kashmir Bank has sold a 0.5% stake in PNB MetLife for Rs 120 crore.
Stock Market Live: Bharat Forge Arm To Invest Rs 163 Crore In Agneyastra Energetics
- Kalyani Strategic Systems Ltd. (KSSL), a subsidiary of Bharat Forge, will invest Rs 163 crore in Agneyastra Energetics through a rights issue.
Stock Market Live: NCLT Approves Hindware Home Demerger Plan
- NCLT Kolkata has sanctioned the demerger involving Hindware Home Innovation Ltd.
Stock Market Live: Tata Steel To Announce Q2 Results On Oct. 27
- Tata Steel will report its Q2 FY27 earnings on Oct. 27.
Stock Market Live: AXISCADES Technologies Names Uttam Bhageria As CFO-Designate
- AXISCADES Technologies has appointed Uttam Bhageria as CFO-Designate.
Stock Market Live: Vodafone Idea Appoints Manoj Murali As COO
- Vodafone Idea has appointed Manoj Murali as its Chief Operating Officer.
Stock Market Live: Affle 3i Receives $34.99 Million From Warrant Exercise
- Affle 3i has received $34.99 million towards a warrant exercise.
- The company also said its promoter has remitted $64.49 million towards warrants and conversion into shares.
Stock Market Live: Supreme Court Stays Insolvency Proceedings Against Affle Investee Bobble
- Affle 3i said the Supreme Court has stayed insolvency proceedings against Bobble before the NCLT.
- Bobble is an investee company of Affle 3i.
Stock Market Live: Aadhar Housing Non-Executive Chairman Raj Vikash Verma Passes Away
- Aadhar Housing Finance said its Non-Executive Chairman Raj Vikash Verma has passed away.
Stock Market Live: Ganesha Ecosphere Arm Gets FSSAI Approval For Fourth rPET Line
- Ganesha Ecopet, a subsidiary of Ganesha Ecosphere, has received FSSAI approval for its fourth rPET (recycled polyethylene terephthalate) line.
Stock Market Live: GPT Infraprojects Arm Receives Rs 149.5 Crore From Western Railway
- Alcon Builders and Engineers, a subsidiary of GPT Infraprojects, has received Rs 149.5 crore from Western Railway.
Stock Market Live: ITC To Announce Q2 Results On Nov. 2
- ITC Ltd. will report its Q2 FY27 results on Nov. 2.
Stock Market Live: Heritage Foods Takes Full Ownership Of Heritage Novandie Foods
Heritage Foods' shareholding in Heritage Novandie Foods (HNFL) has increased from 94.4% to 100%.
Stock Market Live: YES Bank Says AT-1 Bond Verdict Could Impact CET-1 Ratio By 240 Bps
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YES Bank said the Supreme Court's ruling on the AT-1 bond write-off is a significant development for the bank and could have a proforma impact of around 240 basis points on its CET-1 ratio, according to The Informist.
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The bank said it is examining all legal options available following the judgment and continues to assess the implications relating to both the bonds and associated coupon payments.
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Management said decisions regarding the payment of AT-1 bonds and coupon obligations will be taken after the assessment process is completed.
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The lender added that it will continue to evaluate options to maintain adequate liquidity and ensure sufficient financial flexibility.
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On business performance, YES Bank said asset-quality indicators remain stable, with NPA levels and credit costs continuing to improve.
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The bank reported 9% year-on-year growth in its retail loan book, while retail disbursements increased 35% YoY.
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Management said the recent pressure on margins is entirely attributable to FCNR-related proceeds, and expects margins to improve in high single digits following the recent 25-basis-point rate hike.
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The bank also said it will ensure that adequate liquidity is maintained while the impact of the judgment continues to be assessed.
Stock Market Live: Power Grid To Establish Rs 200 Crore Transmission Project In Pune
- Power Grid Corporation will establish a 765 kV transmission system in Pune.
- The project is valued at approximately Rs 200 crore.
Stock Market Live: Maharashtra Scooters Receives Fresh Certificate Following Name Change
- Maharashtra Scooters has received a fresh certificate of incorporation following its name change to Bajaj Nivesh.
Stock Market Live: Varroc Engineering To Acquire 45% Stake In Forsee
- Varroc Engineering will acquire a 45% stake in Forsee for €4.5 million.
Stock Market Live: Bharat Electronics To Announce Q2 Results On Oct. 30
- Bharat Electronics Ltd. (BEL) will announce its Q2 FY27 results on Oct. 30.
Stock Market Live: Shriram Finance Board To Consider NCD, Bond Issuance On Oct. 23
- Shriram Finance will consider proposals for issuance of NCDs and bonds at its board meeting scheduled for Oct. 23.
Stock Market Live: Swiggy's Lynks Logistics Ceases To Be Subsidiary
Swiggy said Lynks Logistics has ceased to be a subsidiary of Swiggy Networks.
Stock Market Live: Bajaj Finserv's Insurance Businesses Report Strong September Premium Growth
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Bajaj Finserv reported that Bajaj Allianz General Insurance's gross direct premium underwritten stood at Rs 2,363 crore in September, up 6.5% year-on-year.
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Bajaj Allianz Life Insurance's total premium stood at Rs 1,831 crore, registering 33% year-on-year growth during the month.
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The September business update indicates continued growth momentum across both the life and general insurance businesses.
Stock Market Live: IDBI Bank Q2 Profit Falls 39%; NII Growth Remains Strong
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IDBI Bank reported a Q2 net profit of Rs 2,205 crore, down 39.2% YoY from Rs 3,627 crore.
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The decline was largely due to a high base in Q2 FY26, when the bank had reported significant provision write-backs, boosting profitability.
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Net Interest Income (NII) rose 29% YoY to Rs 4,228 crore, supported by strong growth in the corporate banking business.
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Operating profit declined 17.9% YoY to Rs 2,893 crore from Rs 3,523 crore, impacted by lower other income and higher employee costs.
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Other income declined 45% YoY, reflecting the absence of a one-time gain of about Rs 1,700 crore recorded in the year-ago quarter and weaker treasury income amid higher yields.
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Asset quality remained largely stable, with Gross NPA improving to 2.12% from 2.30% QoQ, while Net NPA inched up to 0.17% from 0.16% in the previous quarter.
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Provisions stood at Rs 8.6 crore, compared with reversals of Rs 653 crore a year ago and Rs 637 crore in the preceding quarter.
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Management highlighted healthy improvement in overall asset quality, lower fresh stress formation and continued growth in the corporate lending portfolio.
Stock Market Live: HDFC Bank Sees Q3 Margin Pressure; Expects Improvement As FCNR Drag Eases
- HDFC Bank's NIM declined to 3.16% from 3.26% in Q1 FY27, impacted by the drag from FCNR(B) deposits and moderation in the CASA mix.
- Management said margins are nearing their bottom and should begin improving, with benefits from recent RBI rate hikes expected to start reflecting from December.
- The bank expects the FCNR(B) deposit cost drag to continue in Q3, but believes margin pressures will reverse as the rate cycle plays out.
- Management said there are no concerns regarding the agriculture portfolio despite uneven rainfall and noted that underlying core business momentum remains encouraging.
- HDFC Bank also highlighted a sharp increase in term deposits, while indicating that it is trying to reduce the inflow of corporate liabilities and improve its deposit mix over time.
Stock Market Live: HDFC Bank Q2 Profit Rises 5%; Asset Quality Improves Further
- HDFC Bank reported a largely in-line Q2 FY27 performance, with net profit rising 4.7% YoY to Rs 19,510 crore and Net Interest Income (NII) increasing 9.7% YoY to Rs 34,619 crore.
- Pre-Provision Operating Profit (PPOP) grew 5.6% YoY to Rs 29,483 crore, supported by broad-based business growth across segments.
- Loan growth stood at 16% YoY, while deposits grew 18.8% YoY, aided by strong term deposit inflows and FCNR(B) deposits.
- Asset quality improved further, with Gross NPA declining to 1.11% from 1.17% QoQ and Net NPA easing to 0.37% from 0.41% QoQ.
- Provisions increased 16.8% sequentially to Rs 3,574 crore, while management highlighted a marginal increase in credit costs.
Stock Market Live: ICICI Bank Sees Q3 Margin Pressure; Expects Improvement From Q4
- ICICI Bank said margins are likely to remain under pressure in Q3 FY27, with the full impact of FCNR-B deposits expected to be visible during the quarter.
- Management attributed the recent decline in margins largely to FCNR-B deposits and higher retail term deposits, while noting that excess FCNR-B liquidity will be deployed over the next two quarters.
- The bank expects margins to improve from Q4 FY27 as surplus liquidity gets deployed more efficiently.
- Management said it expects two more RBI repo rate hikes during the current cycle and remains focused on expanding profitability through growth in absolute NII, PBT and PAT.
- The bank also indicated that credit card growth could improve in Q3, while gold loan volumes are expected to recover once alignment with RBI guidelines is completed.
Stock Market Live: ICICI Bank Q2 Profit Rises 20%; Asset Quality Improves Sharply
- ICICI Bank reported a healthy Q2 performance, with net profit rising 20.1% YoY to Rs 14,843 crore and Net Interest Income (NII) increasing 17.7% YoY to Rs 25,339 crore.
- Pre-Provision Operating Profit (PPOP) grew 18.9% YoY to Rs 20,575 crore, aided by stronger operating performance and cost controls.
- Asset quality improved further, with Gross NPA declining to 1.2% from 1.38% QoQ and Net NPA easing to 0.3% from 0.35% QoQ.
- Fresh slippages declined 13% QoQ, while provisions fell 32% sequentially to Rs 851 crore from Rs 1,260 crore.
- Loan growth was driven by the corporate banking segment, while profitability came in better than market expectations.
Stock Market Live: Indonesia's 10-Year Bond Yield Hits Four-Month High
- Indonesia's 10-year government bond yield rose 12 basis points to its highest level in four months.
- The move reflects heightened risk aversion among investors as Indonesian financial markets face pressure following the MSCI warning.
- Rising bond yields indicate weaker bond prices and tighter financial conditions in the market.
Market Live: Tejas Networks Revenue Flat; Loss Narrows Sequentially
- Tejas Networks reported Q2 revenue of Rs 406 crore, up 0.9% QoQ from Rs 402 crore.
- EBITDA loss widened to Rs 107 crore from Rs 100 crore in the previous quarter.
- Net loss narrowed to Rs 207 crore from Rs 307 crore sequentially.
Stock Market Live: Indonesian Stocks Sink To Lowest Level Since 2020 After MSCI Warning
- Indonesia's benchmark IDX Composite Index fell as much as 5%, extending losses after an MSCI-related warning, and dropped to its lowest level since October 2020.
- The sharp selloff came amid concerns that a potential MSCI action could affect investor flows and Indonesia's standing in global equity benchmarks.
- Indonesian equities have been under pressure as investors assess the implications of the MSCI review for foreign investment and market liquidity.
Stock Market Live: China's Economy Grows 4.5% In Q3 2026, Beats Estimates
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China's GDP expanded 4.5% year-on-year in Q3 2026, accelerating from 4.3% growth in Q2 and exceeding market expectations of 4.4%.
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The improvement comes after recent policy easing measures aimed at supporting economic activity.
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Q2 growth had marked the country's weakest pace in three years, making the Q3 rebound a closely watched indicator of recovery momentum.
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The stronger-than-expected GDP reading is likely to be viewed positively by markets tracking global growth, commodity demand and regional trade trends.
Stock Market Live: Indonesian Assets Under Pressure After MSCI Warning
- Indonesian markets witnessed broad-based weakness, with stocks tumbling and bond yields rising after an MSCI downgrade warning.
- The decline underscores investor concerns over potential foreign fund outflows and the impact on Indonesia's capital markets.
- Indonesia has emerged as a key focus area for emerging-market investors following the latest MSCI-related developments.
Stock Market Live: DLF Profit Rises Despite Sharp Decline In Operating Earnings
- DLF reported Q2 net profit of Rs 1,301 crore, up 10.3% YoY from Rs 1,180 crore.
- Revenue declined 23.3% YoY to Rs 1,261 crore from Rs 1,643 crore.
- EBITDA plunged 91.9% YoY to Rs 23 crore from Rs 284 crore.
- EBITDA margin contracted sharply to 1.8% from 17.3%.
- Other income increased to Rs 1,037 crore from Rs 619 crore a year ago, supporting profitability.
Stock Market Live: Oberoi Realty Profit Stable; EBITDA Margin Expands To 61%
- Oberoi Realty reported Q2 net profit of Rs 762 crore, up 0.3% YoY from Rs 760 crore.
- Revenue declined 6.1% YoY to Rs 1,671 crore.
- EBITDA remained largely flat at Rs 1,019 crore.
- EBITDA margin expanded to 61% from 57.3% in the year-ago quarter.
Stock Market Live: L&T Technology Services Q2 Profit Declines; Declares Interim Dividend
- L&T Technology Services (LTTS) reported Q2 net profit of Rs 1,398 crore, down 4.6% QoQ from Rs 1,466 crore.
- Revenue increased 1.7% QoQ to Rs 11,808 crore.
- EBIT rose 2.2% QoQ to Rs 1,839 crore.
- EBIT margin improved to 15.6% from 15.5%.
- The company announced an interim dividend of Rs 25 per share.
Stock Market Live: Punjab National Bank Q2 Profit Rises 13%; Asset Quality Improves
- Punjab National Bank (PNB) reported Q2 net profit of Rs 5,532 crore, up 12.8% YoY from Rs 4,904 crore.
- Net Interest Income (NII) grew 10.8% YoY to Rs 11,601 crore.
- Operating profit rose 4.2% YoY to Rs 7,532 crore.
- Gross NPA improved to 2.55% from 2.78% QoQ, while Net NPA declined to 0.25% from 0.28%.
- Provisions fell sharply to Rs 97 crore, compared with Rs 541 crore in Q1 and Rs 643 crore a year ago.
Stock Market Live: Urban Company Revenue Jumps 41%; Losses Widen
- Urban Company reported Q2 revenue of Rs 537 crore, up 41.3% YoY from Rs 380 crore.
- EBITDA loss widened to Rs 188 crore from Rs 68.7 crore a year ago.
- Net loss widened to Rs 182 crore from Rs 59 crore.
- The company also approved plans to raise Rs 2,500 crore through equity, debt and other routes.
Stock Market Live: Jindal Saw Q2 Profit Drops 69%; Margins Under Pressure
- Jindal Saw reported Q2 consolidated net profit of Rs 47 crore, down 69.1% YoY from Rs 152 crore.
- Revenue rose 5.6% YoY to Rs 4,472 crore from Rs 4,234 crore.
- EBITDA declined 42.3% YoY to Rs 261 crore from Rs 452 crore.
- EBITDA margin contracted to 5.8% from 10.7% a year ago.
Stock Market Live: Bajaj Housing Finance Q2 Profit Rises 18%; Income Grows Double Digits
- Bajaj Housing Finance reported Q2 net profit of Rs 757 crore, up 17.7% YoY from Rs 643 crore.
- Total income increased 18.3% YoY to Rs 3,251 crore from Rs 2,748 crore.
Stock Market Live: Bajaj Finance, UltraTech, IREDA Among Key Stocks In Focus Ahead Of Earnings
- Stocks likely to remain in focus ahead of earnings include Bajaj Finance, UltraTech Cement, Indian Renewable Energy Development Agency (IREDA), Federal Bank, Oberoi Realty, Punjab National Bank, Tejas Networks and Ujjivan Small Finance Bank.
- The earnings announcements are expected to provide fresh cues on sectoral trends across financials, real estate, renewables, telecom and consumer-facing businesses.
Stock Market Live: Over 35 Companies Set To Announce Q2 Results Today
- More than 35 companies are scheduled to announce their September-quarter earnings on Monday.
- Key earnings to watch include Bajaj Finance, HFCL, Hindustan Zinc, IREDA, L&T Technology Services, Piramal Finance, Sobha, UltraTech Cement, Union Bank of India, and Waaree Renewable Technologies.
- Investors will closely track management commentary on demand trends, margins, asset quality and capital expenditure.
Stock Market Live: Brent Trades Near $109 Amid Middle East, Russia-Ukraine Supply Risks
- Brent crude traded around $109 per barrel on Monday but retained most of last week's gains amid escalating geopolitical tensions.
- Market concerns remain elevated after attacks involving Saudi Arabia, Iran-backed Houthi rebels, and damage to tankers in the Strait of Hormuz, a key global oil transit route.
- In Europe, Ukrainian attacks reportedly triggered fires at an oil export terminal and storage facility in St. Petersburg, while Russia and Ukraine continued large-scale attacks.
- Crude markets remain focused on potential supply disruptions from both the Middle East and Eastern Europe.
Stock Market Live: Wall Street Ends Lower; Nasdaq Leads Declines
- US benchmark indices ended lower on Friday, with the Nasdaq Composite falling 2.15%, the S&P 500 declining 1.09%, and the Dow Jones Industrial Average slipping 0.34%.
- The weakness in technology stocks weighed on broader market sentiment, dragging major US indices lower.
Stock Market Live: Asian Markets Mixed
-- Asian markets were mixed ahead of China’s Q3 GDP data
-- Japan’s Nikkei 225 was down 2.26%
-- Topix fell 1.25%
-- Kopsi tumbled 1.56%
-- ASX 200, bucking the trend, rose 0.3%.
Stock Market Live: Previous Session Recap
-- BSE Sensex ended at 74,729.27 levels, up 413.66 points or 0.56%.
-- Nifty 50 closed at 23,146.15 levels, up 0.65% or 148.80 points.
Welcome To The Live Coverage Of Indian Stock Markets
Welcome to our live coverage of the Indian stock markets. Sensex and Nifty 50 are set to track mixed global cues, geopolitical developments and movements in crude oil prices, with investors also eyeing Q2 earnings from key companies, including Bajaj Finance, Hindustan Zinc and UltraTech Cement.
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