ensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 9th October 2026.
Indian equity benchmarks trade higher on Friday following a sharp selloff that dragged the Sensex to a 32-month low and the Nifty to an 18-month low. Oversold conditions may trigger a technical rebound, though gains could be capped by rising crude oil prices, higher global bond yields and a weaker rupee.
At 3.35 p.m., the Sensex rose 879.09 points, or 1.23 per cent, to 72,472.33, while the Nifty gained 288.65 points, or 1.30 per cent, to 22,520.45.
Brent crude hovered near $104 a barrel after rising 4 per cent on Thursday amid Middle East tensions and supply-disruption fears. Foreign portfolio investors sold a net ₹12,944 crore of Indian equities on Thursday, their biggest single-day outflow since May 29, 2026, while domestic institutional investors bought ₹10,703 crore.
IT stocks remain under pressure after TCS reported its weakest September-quarter revenue growth in three years and the US suspended major outsourcing firms from a key green-card programme.
Top 5 technical indicators
* Advances/declines ratio: 47:3, indicating broad market strength.
* Immediate resistance: 22,500–22,550; a decisive break above 22,550 could open the way to 22,650–22,700.
* Immediate support: 22,400; a break below this level could drag the Nifty to 22,200–22,100.
* October futures resistance: 22,600 and 22,660; a breakout above 22,660 could extend gains towards 22,800 and higher levels.
* Market trend and trade strategy: Nifty is recovering after a gap-up opening, but fresh long positions can be avoided until the index clears key resistance levels.
- October 9, 2026 16:17
Rupee rises 16 paise to close at 96.72 against US dollar
Rupee rises 16 paise to close at 96.72 against US dollar
Rupee closes higher at 96.72 amid softer dollar, easing oil, and hints of central-bank support; USD/INR moves range with global cues.
- October 9, 2026 15:52
Market Pulse quote by Riyank Arora, Associate Vice President – HNI & Derivatives, Hedged.in
Market Outlook - Closing Bell Wrap - 9th October 2026
9 October 2026 brought a firmer session for Indian equities, with the benchmarks extending their upmove on steady buying interest. Leadership from a few large-cap counters helped sentiment stay positive through the close. The broader market backdrop remains supportive, and eyes stay on global and domestic cues from here.
The Sensex rose 879 points to close at 72,472.33, buoyed by broad-based buying through the session. The index held comfortably above its crucial supports at 72,300–72,100. Resistance now sits at 72,700–73,000; a decisive break above that zone would add further conviction to the short-term outlook.
Nifty 50 closed at 22,520.45, up 289 points. The index reclaimed the 22,500 mark and continues to trade above its key support levels, reflecting sustained bullish momentum. Immediate support is placed around 22,450–22,400, followed by a stronger support zone near 22,250. On the upside, resistance is seen around 22,600–22,700. A decisive move above this zone could open the door for further upside.
Desk View: The market’s ability to build on recent gains speaks to underlying strength. The broader trend remains firmly in the bulls’ favour as long as supports hold. Buying into dips in fundamentally strong names, with proper risk controls, remains our preferred approach.
- October 9, 2026 15:50
Gold adds over 1% on easing oil prices, softer dollar
Gold adds over 1% on easing oil prices, softer dollar
Gold climbs 1%+ as oil trims losses and dollar weakens, with weekly gains and implications for Fed rate expectations.
- October 9, 2026 15:24
The Wealth Company’s ₹1,000 Crore+ Private Market Portfolio Moves Towards Public Markets
The Wealth Company Alternates, part of Pantomath Group, is building a ₹1,000 crore+ public market exit pipeline, with multiple portfolio companies progressing towards IPOs. Key investments include Zetwerk Manufacturing Businesses Ltd., MKC Agro Fresh Ltd., Hi-Tech Flow Solutions Ltd., Vardhman Appliances Ltd. and BGauss Auto Pvt. Ltd. MKC Agro Fresh, Hi-Tech Flow Solutions and Vardhman Appliances have filed their draft offer documents, while BGauss Auto is working towards filing its Draft Red Herring Prospectus (DRHP). Zetwerk represents the largest investment in the portfolio. The firm has made over 25 investments in the last three years, including Amnex Infotechnologies, Big Mishra and Haldiram Bhujiawala.
Madhu Lunawat, Founder & Whole-time Director, The Wealth Company, said, “Private investing is about backing businesses before their full potential is recognized by public market and supporting them in building scale, institutional strength, and sustainable long-term value. The progress of multiple portfolio companies towards IPOs is an important milestone for us because it demonstrates the potential of patient capital and a long-term approach to investing.”
She further added, “The private-to-public transition represents an important stage in the lifecycle of a business. As our portfolio companies approach this stage, our focus remains on supporting sustainable growth, strengthening governance and helping build organizations that are ready for the opportunities and responsibilities that come with being a public company. We believe that disciplined capital, active engagement and a long-term perspective can play an important role in creating enduring value.”
- October 9, 2026 15:18
Aye Finance reports 26% y-o-y growth in AUM to ₹7,604 crore in Q2FY27
New Delhi, October 9, 2026: Aye Finance Ltd., a leading NBFC focused on lending to micro-enterprises, announced its provisional business performance for the quarter ended September 30, 2026. The company reported steady business growth during the quarter, with AUM growing 26% year-on-year to ₹7,604 crore, while disbursements increased 10% YoY and 15% QoQ to ₹1,403 crore. The company also recorded continued improvement in asset quality and productivity during the quarter.
Key Business Highlights for the quarter ended September 30, 2026
Management Commentary
At the start of FY27, we had outlined two key priorities for the year: consistent improvement in asset quality and productivity. We made steady progress on both these parameters during the quarter.
PAR X(1+) sequentially improved by 13 bps to 6.88% and GNPA by 19 bps to 4.30%. Productivity improved meaningfully, with AUM per employee up 17% Y-o-Y. We expect both trends to sustain through H2FY27.
AUM grew 26% Y-o-Y in Q2FY27, with disbursements growing 10% Y-o-Y and 15% Q-o-Q. We took a calibrated approach to growth this quarter and moderated disbursements in drought affected parts of Maharashtra, Karnataka and Madhya Pradesh. Provided delinquency trends remains stable, we expect to return to normalised disbursements in these regions in H2FY27.
- October 9, 2026 15:17
IRB Group Records approx. 24% y-o-y growth in toll revenue at ₹773 crore in September 2026
Toll Revenue of IRB’s 100% Subsidiaries Grows 17% on a Like-for-Like Basis
Mumbai; October 9, 2026: Continuing with the robust growth momentum, IRB Group, India’s leading and the largest highway infrastructure development and assets management platform has recorded robust Toll Revenue of ₹773Crs in September 2026; thus, registering a robust YoY rise of around 24% over corresponding month of FY26, i.e., September 2025.
Commenting on this, Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “September 2026 toll revenue reflects the healthy traffic growth driven by enhanced economic activity across the country, further supported by commencement of the festive season. The sustained economic momentum, coupled with the onset of Navaratri and Diwali festivities and holiday season, is expected to support continued traffic growth and improved toll revenues across our portfolio in coming months.”
- October 9, 2026 15:16
DEE Development Engineers’ order book crosses ₹2,500 crore mark
FY27 Inflows Reach ~₹1,179 Crore in Six Months; Company Targets Over ₹2,000 Crore for the Year
Editor’s Synopsis:
Closing order book stood at ₹2,531.04 crore as on 30 September 2026
September 2026 order inflows reached ₹225.17 crore, including amendments and currency fluctuations
Order execution during the month stood at ₹129.74 crore
Cumulative FY2026–27 order inflows reached ₹1,178.65 crore, including amendments and currency fluctuations
Cumulative order execution for FY2026–27 stood at ₹591.52 crore
Order book spans power, oil & gas, heavy fabrication and other industrial applications
National | 9 October 2026: DEE Development Engineers Limited (BSE: 544198 | NSE: DEEDEV), a leading engineering and process piping solutions provider, reported a closing order book of ₹2,531.04 crore as on 30 September 2026, crossing the ₹2,500 crore mark. The company recorded order inflows of ₹225.17 crore during September, including amendments and currency fluctuations, while order execution stood at ₹129.74 crore during the month.
- October 9, 2026 15:15
SBI - ECOWRAP
The cataclysmic slurry of little anticipated events, starting in early 2025 appear to have come full circle as the lifelines of finance have been choked by rising concerns on food and commodities supplies, public debt reaching unstable proportions, AI related borrowings spiking through the roof and the wild gyrations in yields mirroring the new found world realism on how the risk-rewards pendulum is wildly oscillating.
While the recent action on rate front by the RBI is a welcome step indeed, its effect had already been priced in by the markets and thus a real impact remains absent on either yields or exchange rate front just as the needle moves forward on two aspects; the timing and quantum of the next rate action. On that front, we are of the limited opinion that the peculiar situation, where the world itself is caught in a tailspin but EMs would remain at the receiving end more than their DM counterparts, necessitates a shift in strategy; widening the interest rate corridor, a larger rate hike sooner than later (at best, akin to committing a Type-I error) co-terminus with other measures that ensure the return of semblance of order.
Amidst the other measures suggested, we understand the asymmetric widening of the corridor could be the most effective (as tested in the past times of turbulence in 2013/2020/2022) which the Central Bank has exclusive authority of, by dint of regulatory prescriptions. While amendment in RBI act (Section 45ZB) entails the MPC to determine the policy rate (i.e. Repo rate) required to achieve the inflation target, the day to day liquidity management function is solely in the domain of RBI, an asymmetric LAF corridor in exceptional times enshrined in its very purpose.
- October 9, 2026 15:13
Easing credit cost, growth to lift RoA of small finance banks to 1.3-1.5%
09 October 2026
Sustaining margins amid transition of portfolios, competition for deposits monitorable
Small finance banks (SFBs) appear poised for a recovery in profitability, with return on assets (RoA) expected to improve to 1.3-1.5%, compared with sub-0.6% levels over the past two fiscals. This improvement will be driven by easing stress in the microfinance portfolio, resulting in lower credit costs and improving net interest margins (NIMs). Healthy advances growth across business segments, coupled with a measured revival in the high-yielding microfinance portfolio, will further support profitability.
That said, an important monitorable will be the ability of SFBs to sustain margins as the share of relatively lower-yielding non-microfinance assets continues to rise, even as competition for deposits remains intense.
Profitability of SFBs moderated sharply over the past two fiscals from a healthy RoA of 2.3% in fiscal 2024 as elevated stress in microfinance led to a surge in credit costs and higher interest income reversals. At the same time, SFBs deliberately moderated growth in microfinance loans to contain risks, which further compressed portfolio yields given the segment’s traditionally higher returns.
Thereafter, SFBs strengthened their underwriting practices, and the performance of newer microfinance loans originated under the revised framework is exhibiting better performance.
Says Aparna Kirubakaran, Director, Crisil Ratings, “Credit costs are projected to decline to around 1.5% this fiscal from 2.3-2.5% over the previous two fiscals. Higher collection efficiencies, lower incremental slippages and the stabilisation of recently originated microfinance loans are expected to materially reduce provisioning requirements and support a meaningful recovery in profitability. That said, the impact of El Niño-related weather disruptions and drought on cashflows of microfinance borrowers remains a monitorable.”
- October 9, 2026 15:06
DBS Bank India enables Customs Duty, Central Excise and Service Tax payments through ICEGATE 2.0
Launch complements DBS Bank India’s existing GST and Direct Tax payment capabilities, enabling businesses to manage key statutory payments through DBS IDEAL
India, October 9, 2026 – DBS Bank India has introduced Customs Duty, Central Excise and Service Tax payment capabilities through the ICEGATE 2.0 platform. With this addition, the bank now supports GST, Direct Tax and Customs-related tax payments, making it the only wholly owned subsidiary in India to offer all three major central tax payment categories through government platforms.
According to the Ministry of Commerce and Industry, India’s merchandise imports reached US$363 billion during April-August FY2026-27, up 18.2% year-on-year, while exports rose to US$215.9 billion[i]. As trade activity grows and businesses increasingly digitise their operations, entrepreneurs are looking for more seamless ways to manage statutory obligations alongside their banking and treasury requirements.
Through its integration with ICEGATE 2.0, DBS Bank India enables customers to complete Customs Duty, Central Excise and Service Tax payments through DBS IDEAL, allowing businesses to manage a critical trade-related obligation through the same platform they use for their day-to-day banking and treasury needs. ICEGATE (Indian Customs Electronic Gateway) is the Indian Customs National Trade Portal and serves as the digital interface between the trading community and Indian Customs. Through its Customs e-Payment Platform 2.0, customers can initiate payments for Customs Duty, Central Excise and Service Tax, select DBS Bank as their preferred banking partner and seamlessly complete transactions through DBS IDEAL.
Divyesh Dalal, Managing Director and Country Head, Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said: “As businesses grow and trade activity becomes more interconnected, corporates are looking for simpler and more efficient ways to manage a wider range of payment obligations. The addition of Customs Duty, Central Excise and Service Tax payments has further strengthened our Statutory Payments proposition, which now includes Direct Taxes, TDS and GST. Customers can now manage their statutory payment obligations through a unified platform that provides enhanced control, visibility and operational efficiency. This launch reflects our commitment to removing friction from business processes so that our customers can focus on driving growth.”
- October 9, 2026 15:05
Flying Flea expands presence in India: lands in Hyderabad
Flying Flea, the city+ electric mobility brand from Royal Enfield, has expanded its presence in India with Hyderabad becoming the second city to welcome the brand, building on the strong customer response to the FF.C6 in Bengaluru.
Customers in Bengaluru have already clocked over 1 lakh kilometres on the Flying Flea C6. Charged by this enthusiasm, the brand rapidly grew its network within the city and now enters Hyderabad with four customer touchpoints, including one company store and three additional stores.
Strategically located across the city, the sales and service centres will make it convenient for customers to explore, experience and own the FF.C6.
The steady city expansion reflects Flying Flea’s continued focus on building a robust retail and ownership ecosystem. Flying Flea continues to enhance its customer-first approach while strengthening accessibility and after-sales support in key locations across every city.
- October 9, 2026 15:04
From Celebrity Collaboration to a Scaled Beauty Business: The Rise of Kay Beauty
~From a celebrity-led launch in 2019 to one of India’s largest beauty brands, Kay Beauty has built scale, profitability and international momentum within the House of Nykaa~
Mumbai, 9th October 2026: Kay Beauty, co-founded by Nykaa, and actor Katrina Kaif, has evolved into a scaled and profitable beauty business. Since its launch in 2019, the brand has built a strong and growing consumer franchise, with nearly 3 million consumers choosing Kay Beauty till date, reflecting the resonance it has built through its focus on quality, innovation and accessible premium beauty.
That consumer love has translated into a business with an annualised NSV run rate of ₹300 crore in Q1 FY27, an astounding 3x growth over the last three years. Today, Kay Beauty is India’s largest celebrity beauty brand, with a business built on strong consumer relevance, product innovation and disciplined fundamentals.
Growth momentum coupled with strong business fundamentals Kay Beauty’s growth has been underpinned by strong business fundamentals from the outset. Unlike many new-age consumer brands that typically go through extended gestation periods and significant investments, Kay Beauty achieved profitability within its first year of operations. The brand has continued to strengthen its economics as it has scaled, demonstrating that growth and profitability have been built in parallel.
- October 9, 2026 14:59
OEMs are trading at attractive valuations; our top pick: M&M
CLSA: India autos | Right here, right now
Valuations rationalise across the board; M&M remains our top play
OEMs are trading at attractive valuations; our top pick: M&M
- For M&M we believe there is limited downside from current levels.
- M&M: At CMP, M&M trades at c.15x FY28 core EPS under a conservative scenario where commodity-led margin pressures persist even in FY28, a meaningful discount to its long-term average of c.17x. In our view, current valuations are effectively pricing in 5% YoY UV volumes, c.10% tractor volume decline and no margin recovery in FY28. We see this as overly pessimistic, particularly given the continued growth runway in UVs, where low-teens volume growth in FY28CL remains achievable, supported by a strong launch pipeline and in turn sustains market-share gains.
- HMCL: At CMP, HMCL trades at just 10.5x FY28CL EPS. Even in a bear-case scenario assuming flat FY28 volumes and a 13% Ebitda margin, the stock would still trade at only c.12x FY28 PE vs 10-year average of 17x. In our view, the current valuation is offering an attractive risk-reward with limited downside amidst fears of after-effects of El Niño impacting near-term demand.
Other stocks with favourable risk-reward: TMCV, AL, BJAUT and EIM
- TMCV, AL, BJAUT and EIM are trading 10-15% below their historical average multiples. Even in our bear-case scenario of flat FY28 Ebitda margins, flat volumes for BJAUT and EIM and a 5% volume decline for TMCV and AL, downside appears limited to 10-15%. With risk-reward turning increasingly attractive and multiple potential catalysts if conditions normalise, we view all four as getting closer to their bear-case valuations, which should keep them on the radar.
- We continue to like TVSL on the basis of its consistent strong execution. However, we believe at CMP the risk-reward is relatively unfavourable versus peers, with scope of a larger correction to get aligned to peers in terms of valuation premium.
- October 9, 2026 14:57
Opportunities still high in smallcaps:
Monarch AIF Attractive value emerging in pockets of the large-cap universe, within BFSI, insurance, telecom and parts of the IT sector. Mumbai, October 9, 2026:
Bottom-up investment opportunities remain attractive in quality smallcap companies over the next 12-24 months, supported by resilient corporate balance sheets, healthy domestic demand, improving cash flows and sustained capital expenditure intentions, according to Monarch AIF. The firm remains constructive towards smallcaps despite the run-up in the segment. Since February, the Nifty 50 has declined over 11%, while the Nifty Small Cap 250 and Nifty Micro Cap 250 have delivered returns of roughly 11.7% and 22% respectively. “The result has been a substantial performance gap of nearly 23 percentage points in favour of smallcaps and over 33 percentage points in favour of microcaps relative to the headline index,” observes Abhisar Jain, Fund Manager, Monarch AIF. Small-cap 250 outperformed the Nifty50 by 23 percentage points between 25th Feb and 7th October 25 20 15 10 0 5-5-10-15 22.0 11.7 Smallcaps supported by earnings growth and strong fundamentals (11.3) (5.7) Corporate balance sheets remain in excellent shape, with FY26-end figures improving on FY25 levels. Healthy automobile sales, credit growth in the high teens and stronger-than-expected demand from consumer-facing businesses further reinforce the outlook for earnings growth across market capitalisations. “Low corporate leverage, improving cash flows and healthy capital expenditure intentions provide support to smallcaps. Policy initiatives aimed at developing sectors such as semiconductors, aerospace and renewable energy, alongside efforts to strengthen core industries including automotive and defence, could provide greater growth visibility and encourage further investment by India Inc, says Jain.
- October 9, 2026 14:50
Silver price rises to ₹2.24 lakh per kg in futures trade
Silver price rises to ₹2.24 lakh per kg in futures trade
Silver futures rise 1.64% to ₹2.24 lakh/kg on MCX amid fresh long positions; global prices up, December contract at ₹2,24,859.
- October 9, 2026 14:48
Gold futures rise to ₹1.51 lakh/10 gm on firm spot demand
Gold futures rise to ₹1.51 lakh/10 gm on firm spot demand
Gold futures rise to ₹1,51,300/10g on firm spot demand and fresh positions, with prices advancing on MCX and in New York.
- October 9, 2026 14:39
e3W sales surge 40% in September; market share rises to 64.9%
e3W sales surge 40% in September; market share rises to 64.9%
India’s e3W sales jump 40% to 86,024 in Sept 2026, capturing 64.9% market share as Bajaj leads the chart.
- October 9, 2026 14:30
Ravita Engineering Services to raise ₹116 crore through IPO on NSE Emerge
Ravita Engineering Services to raise ₹116 crore through IPO on NSE Emerge
Ravita Engineering seeks ₹116 crore via NSE Emerge IPO to fund working capital and equipment for HVAC EPIC/O&M projects.
- October 9, 2026 14:09
Vaibhav Vyapaar plans to raise ₹42 crore via IPO on NSE Emerge
Vaibhav Vyapaar plans to raise ₹42 crore via IPO on NSE Emerge
Vaibhav Vyapaar plans a ₹42 crore IPO on NSE Emerge with a ₹51-₹54 price band to fund growth and capital base.
- October 9, 2026 13:31
Nifty rebounds past 22,490 as IT, Consumption stocks lead rally
Nifty rebounds past 22,490 as IT, Consumption stocks lead rally
Markets rebound with IT and consumption leading Nifty past 22,490 amid broad gains and mixed gains across sectors.
- October 9, 2026 13:18
SEPC signs ₹854.57 crore contract with SAIL-IISCO Steel Plant; order book crosses ₹10,000 crore
SEPC Limited has signed an ₹854.57 crore contract with Steel Authority of India Limited (SAIL) for the Pellet Plant Balance of Plant (BOP), including civil and structural works, at SAIL-IISCO Steel Plant in Burnpur, West Bengal.
The agreement was signed on October 8, 2026, by SEPC Managing Director Venkataramani Jaiganesh and SAIL-IISCO Steel Plant Executive Director (Projects) Praveen Kumar. The project is part of SAIL-ISP’s 4.08 million tonnes per annum crude steel expansion and is scheduled for commissioning within 32 months from September 3, 2026.
SEPC said its consolidated order book has crossed ₹10,000 crore, providing multi-year revenue visibility and strengthening its presence in large-scale industrial engineering, procurement and construction (EPC) projects.
- October 9, 2026 13:15
Gold demand drops in India as prices rebound
Gold demand drops in India as prices rebound
Gold demand in India weakens as prices rise ahead of festive season, with cautious buyers awaiting corrections and discounts narrowing.
- October 9, 2026 13:10
Siemens Energy India loses Russian court appeal over ₹44.4 crore payment order; says order is unsustainable and will seek further legal remedies
Siemens Energy India Limited said Russia’s Supreme Court has rejected its appeal against an arbitration court order directing it to pay ₹443.76 million (₹44.38 crore), along with interest at 8 per cent per annum from May 30, 2025, until payment of the principal amount.
The company said all court proceedings in Russia in the matter have concluded, leaving the arbitration court’s July 17, 2025, order in effect. Siemens Energy India said it considers the order unsustainable in law and contract and is evaluating further legal remedies. It also said it would resist any attempt to enforce the order before Indian courts.
- October 9, 2026 12:54
Kerala launches Tech Keralam brand, IT Parks Affiliation Scheme to boost technology investments
Kerala launches Tech Keralam to attract technology investments and create jobs
Kerala launches Tech Keralam and an IT Parks Affiliation Scheme to attract global capability centres, boost emerging technologies and create high-quality jobs.
- October 9, 2026 12:46
TCS shares jump over 5%; market valuation surges Rs 36,452 cr post Q2 earnings
Shares of Tata Consultancy Services (TCS) surged over 5 per cent on Friday after the company reported a 15 per cent jump in net profit to Rs 13,884 crore and pointed to continued growth momentum going forward.
The stock jumped 5.11 per cent to Rs 2,181.30 on the BSE.
At the NSE, the stock climbed 5 per cent to Rs 2,180.
The company’s market valuation surged Rs 36,452.23 crore to Rs 7,88,670.72 crore during the morning trade. - PTI
- October 9, 2026 12:45
Govt likely to finalise critical minerals stockpiling policy in a month
The policy on stockpiling critical minerals is expected to be announced in about a month, a government official said on Friday.
The move is aimed at maintaining a stock of critical minerals to spur the growth of strategic sectors such as defence, advanced electronics and aerospace, among others.
“We are on the verge of finalising the policy on stockpiling of critical minerals which will be announced in about a month’s time,” Mines Secretary Keshav Chandra told reporters here. - PTI
- October 9, 2026 12:32
HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%
HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%
HDFC Bank shares recovered on Friday, rising 1.69% to ₹703.95 on the NSE as of 12:15 IST, a day after the stock shed 1% to ₹684.25 following the RBI’s 25-basis-point repo rate hike to 5.50%.
- October 9, 2026 11:56
Bonfiglioli eyes ₹2,500-crore IPO as India arm powers 31% of group EBITDA
Bonfiglioli eyes ₹2,500-crore IPO as India arm powers 31% of group EBITDA
Bonfiglioli India eyes a ₹2,500-crore OFS IPO as the group expands in heavy-duty gearboxes, infrastructure equipment, and electric mobility.
- October 9, 2026 11:52
No impact on workforce strategy due to US ban: TCS
No impact on workforce strategy due to US ban: TCS
TCS expects no impact on its US workforce strategy amid the green-card ban, focusing on local hiring and campus recruitment.
- October 9, 2026 11:51
Aditya Birla Renewables seeks $1.5 bn in rupee loans to buy Shell arm Solenergi, bankers say
Aditya Birla Renewables seeks $1.5 bn in rupee loans to buy Shell arm Solenergi, bankers say
Aditya Birla Renewables seeks ₹ loans to fund Shell’s Solenergi acquisition, aiming for long-term project financing over a bridge loan.
- October 9, 2026 11:44
US Green Card suspension may prompt talent movement across IT firms, says Harish Bijoor
US Green Card suspension may trigger talent shifts among IT firms, says Harish Bijoor
US Green Card sponsorship suspension could prompt Indian IT employees to switch jobs, while TCS says its workforce strategy and customer engagements remain unaffected.
- October 9, 2026 11:43
Europe’s diesel shortage could lift Reliance’s O2C earnings 38% to ₹20,700 crore in Q2
Europe’s diesel shortage could lift Reliance’s O2C earnings 38% to ₹20,700 crore in Q2
Reliance’s O2C earns a 38% uplift to ₹20,700 crore in Q2 as Europe’s diesel tightness boosts margins and SEZ tax perks boost exports.
- October 9, 2026 11:08
Airtel Money to debut after London’s biggest IPO in five years
Airtel Money to debut after London’s biggest IPO in five years
Airtel Money debuts on the London Stock Exchange, aiming for Africa-focused fintech traction amid London IPO revival and potential over-allotment.
- October 9, 2026 10:47
Mirza International incorporates wholly owned subsidiary Mirza Global
Mirza International Limited has incorporated Mirza Global Limited as a 100 per cent wholly owned subsidiary on October 8, 2026. The new entity will undertake footwear manufacturing, retail, wholesale marketing and e-commerce businesses. It is yet to commence operations.
- October 9, 2026 10:34
Indian bonds gain as oil, Treasuries decline; debt auction remains key
Indian bonds gain as oil, Treasuries decline; debt auction remains key
Indian bonds rise as oil and Treasuries slip ahead of a key weekly debt auction, signaling potential policy tightening near-term.
- October 9, 2026 10:21
Nifty Prediction Today – October 09, 2026: Nifty 50 Futures: Key resistances coming up
Nifty Prediction Today – October 09, 2026: Nifty 50 Futures: Key resistances coming up
Nifty today faces key resistances near 22,500–22,550; stay cautious as futures must breach 22,660 for further gains.
- October 9, 2026 10:15
Forthcoming market events
09th October: ANANDRATHI, CRAMC to consider Dividend; Canara HSBC Life Insurance Co, CP Capital, Padam Cotton Yarns, RMC Switchgears, Transwarranty Finance to consider Fund Raising
10th October: Akme Fintrade (India), Viviana Power Tech to consider Fund Raising
12th October: HCLTECH, HINDCOMPOS, ICICIAMC to consider Dividend; Elitecon International, Gradiente Infotainment, Jubilant Pharmova, Kotyark Industries, Naturite Agro Products, Nexus Select Trust, Pace Digitek to consider Fund Raising
13th October: Anlon Healthcare, Shalibhadra Finance to consider Fund Raising
14th October: ELECON, HDBFS, ICICIGI to consider Dividend; Indus Finance to consider Bonus issue
15th October: 360ONE, ANGELONE, IRFC to consider Dividend; Tech Mahindra to consider Dividend & Bonus issue; HDFC Life Insurance Company to consider Fund Raising
19th October: LTTS to consider Dividend
- October 9, 2026 10:14
Corporate Actions
Dividend
14-Oct-26
TCS: Interim Dividend – ₹12.00
VEDL: Interim Dividend – ₹5.00
IPO
HD Fire Protect: Open: 13-Oct-26; Close: 15-Oct-26
Buyback
Transport Corporation Of India: Ex-Date: 09-Oct-26
Bonus Issue
Mold-Tek Packaging: Bonus Issue 1:1; Ex-Date: 09-Oct-26
Mold-Tek Technologies: Bonus Issue 1:1; Ex-Date: 09-Oct-26
Jojo: Bonus Issue 1:1; Ex-Date: 12-Oct-26
Stock Split
Samor Reality: Stock Split From ₹10/- to ₹2/-; Ex-Date: 15-Oct-26
Bansal Wire Industries: Stock Split From ₹5/- to ₹1/-; Ex-Date: 16-Oct-26
JSW Dulux: Stock Split From ₹10/- to ₹1/-; Ex-Date: 22-Oct-26
Azad India Mobility: Stock Split From ₹10/- to ₹2/-; Ex-Date: 23-Oct-26
Midaas Fashions: Stock Split From ₹10/- to ₹5/-; Ex-Date: 26-Oct-26
Meenakshi India: Stock Split From ₹10/- to ₹5/-; Ex-Date: 30-Oct-26
Right Issue
Ola Electric Mobility: Ex-Date: 13-Oct-26
Shraddha Prime Projects: Ex-Date: 15-Oct-26
Indrayani Biotech: Open: 15-Sep-26; Close: 14-Oct-26
Century Extrusions: Open: 23-Sep-26; Close: 14-Oct-26
Natco Pharma: Open: 12-Oct-26; Close: 22-Oct-26
Tuni Textile Mills: Open: 28-Sep-26; Close: 26-Oct-26
Ola Electric Mobility: Open: 22-Oct-26; Close: 30-Oct-26
Consolidation of Shares
AvenuesAI: Ex-Date: 13-Oct-26
Noble Polymers: Ex-Date: 16-Oct-26
- October 9, 2026 10:12
TCS Q2 results highlights
GS on TCS
Buy , TP ₹2210
TCS’ revenue growth was in line with GSe though margins below.
Positives were
(i) most regions except India saw sequential growth, with growth broad-based across verticals;
(ii) headcount increased for a third consecutive quarter, which management attributed to demand fulfilment, and also suggests less than expected headwinds from AI.
However, negatives were
(i) EBIT margins remained flat qoq despite revenues growing in int’l markets and no wage hike headwind, suggesting continued pressure due to reinvestments, deflation and competition;
(ii) deal wins growth is negative, which suggests the revenue growth environment may remain tepid.
CITI on TCS
Sell, TP ₹1840 from ₹1875
Reported an inline but sluggish quarter; overall revenue +2.8% yoy cc (on a -3.3% yoy base, in 2Q26).
EBIT margins declined 120 bps yoy despite 9% INR depreciation; aspirational range of 26-28% keeps getting tougher.
Forward looking indicators –
(a) TTM TCV -3.3% yoy vs +9.4% yoy in 2QFY26;
(b) Headcount +1% yoy;
(c) Mgmt commentary – AI key driver of growth; FY27 margins likely lower than earlier comments.
FY27E-FY29E earnings ests are lowered by ~1-2%; also incorporate Porsche IT; expect muted low single-digit revenue growth trajectory to continue
Expect growth challenges to continue weighing on stock/sector multiples
*Nomura on TCS*
Buy, TP ₹2630
Deal bookings provide growth visibility
Investments likely to weigh on margins in FY27F
2QFY27 — broadly in line in P&L
Macro uncertainty weighing on growth outlook in the near term
Reinvestment for growth to continue; we expect margins to remain subdued near term
HSBC on TCS
Hold. TP ₹2350
While overall 2Q print was a touch light vs expectations, there were a few positive underlying trends
Key verticals like banking and technology grew well; US consumer and energy are laggards
Valuation remains undemanding; lowered margin estimates slightly
*JPM on TCS*
OW, TP Rs 2300
2Q broadly in line on both growth and margins while deal wins were soft as it doesn’t include the MHP deal given it has not closed yet.
Overall revenues grew 0.5% CC QQ but International revenues grew a healthy 1.2% led by BFSI, Mftg and Tech.
TCS highlighted that the demand environment has not changed much since last quarter and discretionary programs remain under scrutiny.
It refrained from commenting about 2Q growth momentum sustaining in near term and it expects 3Q furloughs to be similar to the last couple of years.
EBIT margins came in flat QQ at 24% as there were headwinds from investments in strategic partnerships, M&A related initiatives and talent including subcontractors that was offset by tailwinds from FX and operating leverage.
Its intention is to take margins up from current levels in 2H however we believe this will be a function of how growth pans out given seasonal weakness.
CLSA on TCS
Hold, TP ₹2038
2Q largely in line on both revenue & PAT but missed slightly on Ebit margin due to higher subcontracting expense.
A steady order book, sequential increase in headcount, AI revenue crossing US$3bn (10% of company revenue) & international business growing 1.2% CC QoQ were key positives.
Major areas of concern remain around a revival in revenue growth and timing of Ebit margin going back to the 26-28% aspirational band
Lower FY27-29 EPS estimates 1-2% to account for higher investments but with lack of growth revival visibility
*Jefferies on TCS*
Recommendation: Underperform, Target: ₹1800
Uninspiring growth, Rising margin pressures
While pick up growth in UK surprised positively, weak growth across other key regions
Rising margin pressures should keep TCS’s earnings growth in check
Cut estimates by 1-2% and expect a subdued 4% EPS CAGR over FY27-29
*Morgan Stanley on TCS*
Maintains EQUAL-WEIGHT with a target price at ₹2,160
International revenue grew 1.2% QoQ in constant currency, while artificial intelligence revenues crossed 10% of total sales
Management is prioritizing near-term investments over margin expansion, meaning the margin anchor will not revert to 25% by the fourth quarter of fiscal 2027
Two-year forward price-to-earnings sits at 12.8x to limit downside risks, though there are currently no immediate catalysts to outperform
Kotak Inst Eqt on TCS
ADD, TP ₹2320 from ₹2450
TCS reported an in-line quarter on both growth and margins, with positives and negatives largely balancing each other out.
Healthy sequential growth across key verticals and accelerating AI revenues were encouraging, while muted TCV growth remained a disappointment
Key takeaway was drive for growth, which is expected to weigh on margins in the near term.
Recoupment may not be easy
Take a conservative stance and cut FY2027-29E EBIT margin by 70-110 bps due to growth push and M&A dilution.
TCS will remain relevant as AI adoption matures although incumbency puts it at a disadvantage
Valuations are inexpensive with lower bound at 12X multiple
Kotak on IT Sector
US administration has suspended new and pending PERM applications involving TCS, Infosys, HCLT, Wipro, Cognizant and Capgemini
An event of limited impact
Action reinforces an unfavorable immigration policy direction but has limited operational relevance
Indian IT companies have substantially localized their US workforces
Employees affected by the suspension represent a small subset of the remaining visa-dependent pool
Do not expect a meaningful impact on delivery or earnings
HSBC on Info Edge
Buy, TP ₹1625
Info Edge reported an overall billings growth of 12.8% y-o-y for 2QFY27 and 13.5% y-o-y in 1HFY27
Recruitment solutions billing growth was 12.6% y-o-y in 2QFY27; however, adjusted for renewal timing differences the underlying growth was 14-15%
Nomura on Info Edge
Buy, TP ₹1480
2QFY27 billing update on 8-Oct-2026
Key highlights are as follows:
Recruitment (Naukri) billings grew 12.6% y-y vs our expectation of 15%. This follows 17.5% y-y growth in billings in 1QFY27.
Real estate (99acres) billings grew 21.2% y-y vs our expectation of 15% y-y growth.
Other verticals’ (Education and Matrimony) billings were down 2.3% y-y vs our expectation of 5% y-y growth.
Overall billings were up by 12.8% y-y vs our expectation of 14.2% growth.
*JPM on Info Edge*
OW. TP Rs 1500
2QFY27 billings update with overall billings growing 13% YY, led by strong growth in 99acres (21% YY), while Naukri grew 13%.
Naukri growth adjusted for client timing delays was 14-15%, similar to 1Q adj growth of 15% that was inline with JPMe.
Naukri billings growth continues to be driven by premiumization as the share of new offerings such as AI-Rex and Talent pulse is increasing with new client additions in addition to price increases
Tailwinds from premium hiring and newer monetizable value-added services are here to stay
This should keep billings growth in the ~15% range for FY27. With core still trading at 17x E/EBITDA 2yr fwd which offers great value
*CITI on Info Edge*
Buy, TP Rs 1510
reported 12.6% YoY growth in recruitment billings in 2QFY27 (vs. 17.5% in 1Q and 9.5% in 4QFY26).
Reported recruitment billings growth can be volatile on a quarterly basis due to the timing of customer renewals, with some customers renewing ahead of schedule while others deferring renewals to subsequent quarters.
Adjusting for these timing-related effects, mgmt. noted underlying recruitment billings growth at ~14-15% YoY in 2QFY27 vs reported growth of 12.6%
Expect 13.6% YoY growth in recruitment revenues in 2QFY27 (13.0% overall, including other classifieds).
Expect 80bps QoQ improvement in overall EBITDA margins to 44.8% in 2QFY27 with EBITDA growth at 28% YoY to Rs3.8bn (improvement in recruitment vertical, 99 Acres and Jeevansathi offset by higher losses in Shiksha)
*Kotak Inst Eqt on Info Edge*
Upgrade to Buy, TP Rs 1400
Co reported 2QFY27 billings growth of 12.6% for its recruitment segment.
Based on press release, this print was adversely impacted by some one-off renewal deferrals, leading us to believe that co is still on track to achieve FY2027 billings growth of 14-15% (1HFY27 growth of 14.9%). 99acres’ billings growth acceleration to 21.2% is a positive
Expect steadily improving profitability for this segment.
*HSBC on Life Insurance*
Industry individual APE growth of c9% y-o-y in September moderated on the back of higher prior-year base
HDFCLIFE grew faster while IPRU and MAXF reported flattish trends; SBILIFE saw decline in individual APE in September
IRDAI’s consultation paper should be structurally positive for insurers in long term; retain positive outlook on sector
*Nomura on Life Insurance*
private India life insurers’ individual annualized premium equivalent (APE) was up 7% y-y (on a base of 8%), supported by volume (number of policies – NOP) growth of 6% y-y (on a base of -3% On a total APE basis, private players witnessed growth of 24% y-y (on a base of 11%) in Sep-26.
Total APE growth in Sep-26 was fastest for HDFC Life at 27% y-y followed by ICICI Life at 10% y-y & Axis Max Life in which Max F owns an 80.98% stake) at 7% y-y, while SBI Life’s total APE declined 1% y-y
Regulatory landscape has received a significant shock & things are evolving on a daily basis
Feel comfortable with life insurers, especially SBI Life, ICICI Life & HDFC Life
*Macquarie on Insurance*
Life APE growth stayed moderate at 9% YoY; ABSLI led private insurers with 27% growth, SBI Life’s individual APE fell 2% YoY.
General insurance grew just 6% YoY headline, but ex-specialised-insurers growth was a much stronger 15%.
Motor-heavy general insurers (ICICI Lombard, GoDigit, Chola MS) posted a weak quarter post the Supreme Court’s domestic-help verdict.
*Kotak Inst Eqt on Thermax*
Upgrade to Buy, TP Rs 4000
Stock trades at 35X FY2028 earnings, which we find attractive given our expectation of a 16% revenue CAGR over FY2026-29.
A sizeable 5-6% revenue CAGR boost is likely to come from businesses in their early stages where Thermax enjoys strong competitive positioning and the market is starting to open up, namely data centers (US, India) and compressed biogas.
In addition, margin outlook remains favorable, supported by the completion of legacy orders and increasing contribution from higher-margin segments such as power, TBWES and services.
*Kotak Inst Eqt on CESC*
Upgrade to ADD, TP cut to Rs 145 from Rs 172
Stock’s 35% correction from its peak, driven largely by slower-than-expected progress in renewable capacity addition.
At 10X P/E on FY2028E, valuations have become more compelling
Believe improved execution toward management’s medium-term goal of doubling PAT over FY2025-30E, supported by Rs330 bn of investments across renewables and distribution businesses, could drive better stock performance
*Kotak Inst Eqt on KEC*
Upgrade to Add, TP Rs 400
KEC’s stock has corrected over 60% in past year, driven by
(1) weak margin performance in the non-T&D segments (civil and railways),
(2) slower execution in the water segment due to delayed payments,
(3) a seven-month debarment from participating in PGCIL tenders and
(4) execution disruptions in the Middle East amid geopolitical tensions.
While expect margin pressure to persist over the next four quarters and model EBITDA margins of 6% through 1HFY28 as legacy projects are executed, with a strong T&D opportunity pipeline across India and international markets, along with rising contribution from the cables business, should support a gradual recovery in execution and margins
Cut our FY2027-29 EPS estimates by 6-26%
*Jefferies on Hospital*
Government of India plans to extend 30% price caps to non-scheduled cancer drugs
This is to address concerns around excessive trade mark-ups and improve affordability
Although near-term margin could be impacted, believe this will be transitory
But importantly, regulatory uncertainty eases for now
Concerns around consumable markup remain but any impact on Ebitda is likely to be manageable
*Goldman Sachs on Hospital*
Assessing the impact of anti-cancer drug margin capping
Discussions with hospitals and industry personnel seem to suggest that the impact is likely to be minimal across most multi-specialty hospital chains
Onco medicines are likely only <5% of hospitals (Max/ Fortis might be slightly higher) revenues and <2-2.5% of EBITDA
Hospitals can recoup the losses via marginal repricing of services like drug administration charges, etc
Checks seem to suggest that hospitals earn a margin of 30-50% on an avg. on onco drugs
*UBS on LG Electronics*
Recommendation: Buy, Target: ₹2100
Premium franchise, expanding opportunity
Structural compounder with multiple underappreciated growth levers
Exports and portfolio expansion provide incremental growth drivers
Premiumisation and localisation support margin expansion
Target price reflects its premium franchise but not full optionality
*UBS on Havells*
Recommendation: Neutral, Target: ₹1200, Earlier Target: ₹1440
Margins recovery elusive
Sell-out strategy unlikely to drive margins recovery
Channel feedback on the sell-out strategy remains unimpressive
Underperformance and capital allocation remain structural challenges
Multiple reset appears structural rather than cyclical
*MOFSL on Delhivery*
Maintain BUY with a target price of ₹510
Express shipment volumes grew 55% YoY in the first quarter of fiscal 2027, driven by e-commerce expansion and industry consolidation
The company’s diversified customer base reduces concentration risk, with sales, EBITDA, and adjusted PAT projected to post impressive CAGRs through fiscal 2028
Integration of the Ecom Express acquisition strengthens rural reach and network density, supporting a targeted EBITDA margin expansion to 8.4% by fiscal 2028
- October 9, 2026 09:59
Rupee rises 23 paise to 96.65 against US dollar in early trade
The rupee appreciated 23 paise to 96.65 against US dollar in early trade on Friday, supported by a slight softening in the US dollar and suspected intervention by the Reserve Bank of India.
Forex traders said the rupee opened on a positive note this morning with the dollar index down to 102 levels and Brent also down to USD 103.39 per barrel after US President Donald Trump said that the attack on Iran will happen only after the midterm elections. - PTI
- October 9, 2026 09:53
Crude oil futures fall as Trump signals productive talks with Iran
Crude oil futures fall as Trump signals productive talks with Iran
Oil prices dip as Trump signals Iran talks progress; Brent near $103 and WTI around $90 amid Gulf storm shutdowns and election timing.
- October 9, 2026 09:47
Gravita India incorporates recycling subsidiary in Mozambique with $200,000 investment
Gravita India Ltd has incorporated Green Maputo Recyclers, LDA, in Mozambique to explore future business opportunities and expand its recycling operations in lead, aluminium and rubber.
The newly incorporated entity will be held 99 per cent by Gravita Netherlands B.V., a step-down wholly owned subsidiary of Gravita India, and 1 per cent by Gravita Global Pte. Ltd., Singapore, a wholly owned subsidiary.
The acquisition involves a cash consideration of $200,000. Green Maputo Recyclers was incorporated on October 2, 2026, and approval was received on October 8, 2026.
- October 9, 2026 09:45
BEML bags ₹75.58-crore export and maintenance order from Southeast Asia
BEML Ltd has received an order worth approximately ₹75.58 crore for the export and maintenance of HMV 12x12 and HMV 8x8 vehicles in the Southeast Asian region, the company said in a regulatory filing.
- October 9, 2026 09:44
Highway Infrastructure bags ₹24.46-crore NHAI toll contract in Tamil Nadu
National Highways Authority of India (NHAI) to operate and collect user fees at the Velanchettiyur Fee Plaza on the four-lane Karur-Dindigul section of NH-7 in Tamil Nadu.
The contract agreement was signed on October 8, 2026. The scope includes toll collection and maintenance of adjacent toilet facilities. The project is scheduled to be executed over 90 days.
- October 9, 2026 09:42
Pre-Markets Quote by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
The Financial Times reported on Thursday that OpenAI’s annualized recurring revenue was $20 billion lower than previously signaled While OpenAI hasn’t confirmed the figure, markets still moved on the fear that it might be true.
Nasdaq lost 1.3%, marking its worst single-day performance since mid-August, while S&P 500 fell 0.5%. Chips were bid drag: PHLX Semiconductor Index down 3.4%
Nifty 22231.80
Crucial support is placed at 22090 Reiterating, a decisive close above 22740 is essential to signal a bullish reversal. Until then, the market is likely to remain in a consolidation phase with a bearish bias.
Result Preview: Buy Triveni Engineering CMP 238, VTL CMP 527 and SportKing CMP 196
- October 9, 2026 09:41
Crude oil futures fall as Trump rules out Iran attack before US midterms; Brent down 1.3%, MCX prices also decline
Crude oil futures traded lower on Friday morning after US President Donald Trump said that the US was having productive discussions with Iran and that he would not attack Iran before the US mid-term elections. At 9.29 am on Friday, December Brent oil futures were at $102.93, down by 1.29 per cent, and November crude oil futures on WTI (West Texas Intermediate) were at $90.43, down by 1.16 per cent. October crude oil futures were trading at ₹8755 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹8864, down by 1.23 per cent, and November futures were trading at ₹8711 against the previous close of ₹8828, down by 1.33 per cent.
- October 9, 2026 09:40
TCS shares rise as investors cheer Q2 growth
TCS shares rise as investors cheer Q2 growth
TCS stock climbs 3.5% on AI-driven revenue growth and international expansion, despite PERM program tensions.
- October 9, 2026 09:32
Punjab National Bank eyes debut dollar bond issue, bankers say
Punjab National Bank eyes debut dollar bond issue, bankers say
Punjab National Bank eyes a debut US dollar bond of at least $500 million (potentially up to $1 billion) under RBI’s discounted swap window.
- October 9, 2026 09:32
TCS sees no impact from US green-card programme suspension on workforce strategy
TCS sees no impact from US green-card programme suspension on workforce strategy
TCS says US PERM suspension won’t affect its local US hiring strategy or client work.
- October 9, 2026 09:10
Delta Exchange: Bitcoin drops below $81,000 on $1B liquidations and tech losses; support at $78–79
Piyush Walke, Derivatives Research Analyst, Delta Exchange
“Bitcoin (BTC) fell below $81,000 on Thursday, triggering nearly $1 billion in liquidations across the cryptocurrency market as rising oil prices and geopolitical tensions increased pressure on risk assets. The decline in Bitcoin and technology stocks was also driven by concerns that OpenAI’s revenue was $20 billion below expectations, contributing to losses in major technology companies such as Nvidia and Intel. Meanwhile, tensions between the United States and Iran, including US military movements and ongoing negotiations, added to market uncertainty and kept investors cautious. However, Bitcoin recovered above $81,000 , after President Donald Trump stated that the US would not strike Iran before the November 3 midterm elections.
Bitcoin’s key support levels are now in focus as traders assess the possibility of further price movements. The $82,000–$83,000 range had acted as resistance in May and again in September before turning into support. This zone became an important level for buyers to defend to maintain bullish momentum. The next major support zone lies between $78,000 and $79,000. A sustained break below this range could expose Bitcoin to a deeper correction, while holding above it may help stabilize the price.
Other major cryptocurrencies also declined alongside Bitcoin. Ether (ETH) traded between $2,460 and $2,500, recording losses of nearly 4%. Solana (SOL) dropped 6.56% to $109, while XRP fell as much as 5.58% to $1.35. The broader decline highlights continued volatility across the cryptocurrency market as investors respond to geopolitical risks, macroeconomic uncertainty, and weakness in technology stocks.”
- October 9, 2026 09:09
Corporate Actions
Transport Corp of India - Buyback
Mold-Tek Packaging - 1:1 Bonus
Mold-Tek Technologies - 1:1 Bonus
Board Meeting
Canara HSBC Life Insurance Company - Fund raising
Lock In
Om Freight Forwarders : 6-month & beyond lock-in, 18 million shares, 53% of total outstanding
Insider Trades
- NA
Trading Tweaks
ASM Framework
List of securities shortlisted in Short-Term ASM Framework Stage : India Glycols, Kanohar Electricals, Media Matrix Worldwide, One Mobikwik Systems, Advit Jewels
List of securities to be excluded from ASM Framework : Mukand
Price Band Changes
- NA
F&O Cues
Securities In Ban Period
Ambuja Cement
Bandhan Bank
LIC Housing Finance
- October 9, 2026 09:08
Bulk & Block Deals
ITC : GQG Partners Emerging Markets Equity Fund sold 3.65 crore shares, Fidelity Advisor Overseas Fund bought 1.34 crore shares, ICICI Prudential Mutual Fund bought 94.01 lakh shares, SBI Mutual Fund bought 37.60 lakh shares, Nippon India Mutual Fund bought 27.05 lakh shares, Citigroup Global Markets Singapore bought 22.09 lakh shares, Edelweiss Mutual Fund bought 9.71 lakh shares, Mirae Asset Mutual Fund bought 9.29 lakh shares, Ghisallo Master Fund bought 75.21 lakh shares, BNP Paribas Arbitrage bought 72.87 lakh shares, ICICI Prudential Life Insurance bought 62.17 lakh shares, Aditya Birla Sun Life Mutual Fund bought 37.60 lakh shares, Kotak Mahindra Mutual Fund bought 36.30 lakh shares, Bajaj Life Insurance bought 29.14 lakh shares, Morgan Stanley Asia Singapore bought 16.11 lakh shares, Alliance Witan sold 16.11 lakh shares, GQG Partners Emerging Markets Equity Fund sold 7.14 crore shares, Goldman Sachs Trust II Goldman Sachs GQG Partners Intl Opportunities Fund sold 19.40 crore shares at Rs 257.35/share.
- October 9, 2026 09:07
Morning Market Brief | Friday, 9 October 2026
GIFT Nifty is trading at 22,280, up 125 points (0.56%), indicating a positive start for Nifty 50.
Earnings Today
Anand Rathi Wealth
Can Fin Homes
Canara Robeco Asset Management Company
Poonawalla Fincorp
Earnings
TCS Q2 Results
Net profit at Rs 13,884 crore vs estimate of Rs 13,788 crore
Revenue at Rs 73,188 crore vs estimate of Rs 73,026 crore
EBIT at Rs 17,553 crore vs estimate of Rs 17,805 crore
EBIT margin at 24% vs estimate of 24.38%
Net profit up 4% at Rs 13,884 crore vs Rs 13,349 crore QoQ
Revenue up 1.3% at Rs 73,188 crore vs Rs 72,275 crore QoQ
EBIT up 1.4% at Rs 17,553 crore vs Rs 17,317 crore QoQ
EBIT margin at 24% vs 23.95% QoQ
To pay interim dividend of Rs 12/share
Sets record date for dividend on Oct 14
Total contract value at $9.6 billion
IT Services 12-month attrition at 13.3%
CC growth at 0.5% vs 0.5 to 0.8% expectation
Business Updates
JSW Steel Q2 Biz Update
Overall production up 5% at 7.27 MT YoY
India production up 5% at 7.07 MT YoY
Overall production up 10%; India up 11% QoQ
SML Mahindra September Biz Update
CV production up 19.8% at 1,257 units YoY
CV sales up 32% at 1,071 units YoY
CV exports grew 160% YoY to 138 units
IRB Infra September Biz Update
Gross toll collection up 24% at Rs 773 crore YoY
Toll revenue of IRB’s 100% subsidiaries grows 17% on a like-for-like basis
Sept 2026 toll revenue reflects healthy traffic growth
Navaratri, Diwali & holiday season to support continued traffic growth
PN Gadgil Q2 Biz Update
Q2 revenue growth at 22.4% YoY
Retail segment grew 31.1% YoY
Franchise business grew 34.7% YoY
Rakhi sales witnessed strong growth of 114%
Opened 2 new stores in Q2
Same-store sales growth at 25.5% YoY
On track to open further 23 new stores during FY27
- October 9, 2026 09:06
STOCKS IN FOCUS TODAY
1. TCS
* Brokerages see in-line Q2; margin pressures ahead
2. PN GADGIL
* Q2 revenue growth at 22% YoY
3. IRB INFRA
* September gross toll collection up 24% YoY
4. VRL LOGISTICS
* Buyback of 87.5 lakh shares at ₹320/share
5. PACE DIGITEK
* ₹179.4 Cr order win from BSES Rajdhani Power
6. HEXAWARE TECHNOLOGIES
* Multi-year partnership with Anthropic
7. NCC
* ₹1,286.03 Cr order from Hyderabad Growth Corridor
8. AVALON TECHNOLOGIES
* To set up an industrial unit in Tamil Nadu
9. CUMMINS INDIA
* Appoints Adegbile Adedapo Adewunmi as MD for 3 years
10. KEC INTERNATIONAL
* New orders worth ₹1,030 Cr across businesses
11. LUPIN
* USFDA approval for phytonadione injectable emulsion
12. DR REDDY’S LABORATORIES
* USFDA issues 2 observations to Pydibhimavaram unit
13. PITTI ENGINEERING
* GST inspection at Maharashtra unit
- October 9, 2026 09:05
MAJOR CONTRACT WINS — OCTOBER 08, 2026
NCC
* Road construction order worth ₹1,286.03 Cr
KEC INTERNATIONAL
* Orders worth ₹1,030 Cr across T&D, Renewables & Cables
RAILTEL
* Contract worth ₹63.81 Cr from Northern Coalfields Ltd
MASTEK
* Cloud transformation contract with Staffordshire Council
WAAREE RTL
* PSU order for solar PV project with O&M
HIL INFRA
* Toll plaza contract worth ₹24.46 Cr from NHAI
PACE DIGITEK
* BESS order worth ₹179.4 Cr
JD CABLES
* Cable order worth ₹30.43 Cr
EMS LIMITED
* Sewerage work order worth ₹129.80 Cr in Jodhpur
CRANEX
* EOT cranes order worth ₹1.06 Cr
INTERARCH
* Steel building system order worth ₹59 Cr
DEE DEVELOPMENT ENGINEERS
* Windmill tower supply order worth ₹55 Cr
SHREE REFRIGERATIONS
* Indian Navy order for AC plants worth ₹7.86 Cr
IKIO
* Exclusive services deal worth AED 2 million
S&S POWER
* Order exceeding ₹1 Cr for 765 kV isolators
- October 9, 2026 08:42
Thermax eyes 22% revenue growth to ₹13,000 crore on infrastructure, data-centre demand
Thermax targets 22% revenue growth in FY27 on data-centre demand
Thermax targets 22% revenue growth in FY27, aiming for nearly ₹13,000 crore as data-centre demand, exports and its ₹14,045-crore order book support growth.
- October 9, 2026 08:34
Crypto Market Monitor: Market Consolidation and Key Levels
Nischal Shetty, Founder, WazirX
Market Snapshot
Bitcoin fell to around $80,000 on Thursday as renewed geopolitical tensions involving Iran, institutional outflows and concerns about AI-enabled security threats affected sentiment across the crypto market. Bitcoin traded near $80,449 in the latest update, while Ethereum was priced at approximately $2,478. Solana stood at $110.66, XRP at $1.38 and Dogecoin at $0.08322.
The broader crypto market capitalisation stood at $2.77 trillion, with 24-hour trading volume of $120.75 billion. Bitcoin dominance remained high at 59.4%, compared with Ethereum’s 10.9%. This indicates that investors continue to favour relatively established assets while uncertainty remains elevated.
The Fear and Greed Index was at 55, reflecting neutral sentiment despite the decline. However, derivatives data highlighted the intensity of the move. According to Coinglass, 164,899 traders were liquidated over 24 hours, with total liquidations reaching $1.02 billion. Perpetual open interest stood at $418.18 billion, while futures open interest was $1.19 billion.
Institutional flows also added pressure. Spot Bitcoin ETFs recorded net outflows of $487.07 million on Wednesday, while spot Ethereum ETFs saw outflows of $160.8 million. The cautious environment extended to traditional markets, with the Nasdaq declining 1.25% and the S&P 500 falling 0.47%. Gold gained 0.95%, suggesting that some investors were moving towards defensive assets.
Bitcoin: Support and Resistance
Bitcoin is currently testing the important psychological support level of $80,000. If this zone holds, the market could attempt to stabilise and move back towards $82,800. A sustained recovery above $82,800 would be necessary to improve short-term momentum, with the next resistance range appearing around 84,000–85,000.
If Bitcoin fails to defend $80,000, attention could shift towards $77,000, which broadly corresponds with the 50-week moving average. Scott Melker has described the move below $82,800 as a potentially healthy retest rather than an immediate invalidation of Bitcoin’s improving market structure. He also believes that even a move towards $77,000 would not necessarily be alarming from a longer-term technical perspective.
Bitcoin’s recent higher high and recovery above major moving averages suggest that the broader bearish trend may be losing strength. However, one price movement does not establish a reversal. The market will need to hold key support levels and demonstrate sustained buying interest before a stronger recovery can be confirmed.
Ethereum: Key Levels
Ethereum is showing greater short-term weakness than Bitcoin and is testing support around 2,450–2,400. If this range does not hold, the next meaningful support could emerge between $2,300 and $2,350.
On the upside, Ethereum must first reclaim $2,500. A sustained move above this level could open the way towards the 2,600–2,650 range. Ethereum’s implied volatility stood at 52.63, compared with 39.12 for Bitcoin, indicating that the market expects ETH to experience relatively larger price swings.
This higher volatility, combined with ETF outflows and leveraged liquidations, means Ethereum could remain more sensitive to changes in market sentiment over the near term.
What to Watch
The immediate focus will remain on whether Bitcoin can defend $80,000 and whether Ethereum can hold the 2,400–2,450 region. ETF flows will be equally important, as continued withdrawals could limit the strength of any recovery, while a return to consistent inflows would indicate improving institutional demand. Investors should also monitor geopolitical developments involving Iran, broader movements in technology stocks and the level of leverage across crypto derivatives, as these factors could produce further volatility.“
- October 9, 2026 08:18
Indian rice export prices hold near one-year high as rupee weakens
Indian rice export prices stay near one-year high as rupee weakens
Indian rice export prices stay near a one-year high as rupee weakness offsets rising paddy costs, while Thai rates climb amid flooding and crop supply concerns.
- October 9, 2026 07:58
Infosys ADR ends 1.42 percent higher at $10.70 after dipping over 3 pc
- October 9, 2026 07:58
Today's Stock Recommendation: October 9, 2026
- October 9, 2026 07:57
Stocks Trading at All-Time
1- Cupid — ₹357.00
2- Augmont Enterprises — ₹1,277.00
3- Kanohar Electricals — ₹1,172.30
4- Media Matrix Worldwide — ₹19.78
5- PNGS Reva Diamond Jewellery — ₹683.70
6- Indokem — ₹697.10
7- Prizor Viztech — ₹1,420.00
8- Veljan Denison — ₹2,784.90
9- Panache Digilife — ₹610.00
10- Bafna Pharmaceuticals — ₹409.85
11- Hy-Tech Engineers — ₹93.99
12- UP Hotels — ₹1,597.00
13- Swastika Infra — ₹220.60
14- Nityas Gems & Jewellery — ₹83.99
15- Simca Advertising — ₹338.00
16- United Heat Transfer — ₹207.80
17- Bench Mark Infotech Services — ₹133.60
18- Pooja Logistics — ₹132.10
19- Onelife Capital Advisors — ₹49.51
20- Grand Foundry — ₹41.43
21- Supreme Engineering — ₹4.56
22- Coreintegra Consulting Services — ₹95.45
23- BDR Buildco — ₹87.65
24- DS Kulkarni Developers — ₹28.21
- October 9, 2026 07:54
Market on Thursday
- BSE Sensex-30 (P/E 19.00) - 1,045 (71,593)
- BSEmidcap-150 (P/E 28.54) - 401 (15,752)
- BSE small cap-250 (P/E 33 91) - 175 (6,854)
- Nifty-50 (P/E 19.02) - 371 (22,232)
- Bank Nifty (P/E 12.92) - 541 (54,515)
- India VIX + 1.38 (15.27)
Fii Cash - 12,944 Crs
Dii Cash + 10,703 Crs
- $ index(DXY) : 102.38
NSE Advance Decline
- Advance 0,660
- Decline 2,950
- Unchanged 112
- October 9, 2026 07:53
Economy - RBI October policy: More rate hikes in the offing
The RBI MPC unanimously hiked the policy repo rate by 25 bps to 5.5% while shifting its policy stance to ‘calibrated tightening’ from ‘neutral’ by a 4-2 majority. Both growth and inflation forecasts have been revised upward. We expect 50 bps of additional tightening in our base case, with upside risks stemming from food and fuel price shocks.
Kotak Securities Research
- October 9, 2026 07:53
ESG - Max Healthcare: FY2026 Annual Report analysis
Max Healthcare’s FY2026 Annual Report highlights 1) three Silos (BL Kapur, Nanavati and Dwarka) consolidated amid nil equity ownership, contributing ~12% of net comprehensive income and ~Rs6.6 bn of identifiable economic inflows, while the undisbursed net profits retained at the society level are tax exempt; 2) declining undisbursed profits at BL Kapur, signaling the availability of cash flows in tandem with profits; 3) future contingent consideration obligations (O&M fees) of Rs2.7 bn payable to BL Kapur and Nanavati; 4) three unconsolidated partner healthcare facilities (PHFs), where surplus is retained within the societies, with MHIL’s aggregate exposure at ~Rs10.6 bn (~10% of net worth), concentrated in Gujarmal (Rs7.3 bn loan, no repayment, negative net worth amid expansion); 5) OCF remained healthy, but FCF stayed marginally negative after funding interest, capex and acquisitions; and 6) fully-loaded network ROACE of ~15% versus the disclosed ~22% (see Page 23 for details), as capital employed nearly doubled over the past five years to Rs150.1 bn.
Kotak Securities Research
- October 9, 2026 07:52
Banks (Sector View: Attractive) - Credit costs contained, NIMs poised to expand
The RBI’s shift to a tightening cycle, with a 25 bps repo rate hike and a more hawkish stance, reflects rising inflationary pressures and points to further rate increases ahead. While higher rates typically raise concerns around growth and asset quality, we believe the current cycle poses limited risk, given healthy balance sheets, tighter underwriting standards in recent years, and stronger borrower fundamentals. Asset-quality risks remain contained, while frontline private banks are best placed to benefit through NIM expansion, supporting the potential for earnings surprises despite slower loan growth.
- October 9, 2026 07:52
TCS 2QFY27 Results First take: In line operations
2Q Rev increased 0.5% QoQ in CC terms, in-line with our est. YoY grew at 2.8% CC terms.
International revenue increased 1.2% QoQ CC, while India revenue declined 10.3% QoQ CC.
Sequentially, BFSI grew 2.5% QoQ CC, Manufacturing and Technology & Services grew 3.1% QoQ CC each. Consumer de-grew 0.7% QoQ CC and Energy declined 0.5% QoQ CC. Life Sciences grew 0.3% QoQ CC, Communications was flattish, while Regional Markets declined sharply by 5.8% QoQ CC.
Adj EBIT margins steady at 24.0% (flat QoQ, ~120bps lower YoY), (est of 24.2%). Lower SGA offset the ~40bps gross margin dip.
Subcon costs rose sharply by ~15% QoQ to INR 49.5bn (USD 518mn vs 453mn in 1Q), now at 6.8% of revenue vs 5.9% in 1Q and 4.9% a year ago (+90bps QoQ, +190bps YoY).
Deal wins came at USD 9.6b v.s USD 9.5b in 1Q with book to bill at 1.2x.
Headcount increased this quarter 4.3k, with total headcount now at 598k. LTM attrition stable at 13.3%.
Annualized AI Revenue at US$ 3.1Bn in Q2FY27 (crosses 10% of revenue) v.s USD 2.6bn in 1Q.
Company has declared interim dividend of 12 per share.
- October 9, 2026 07:26
US sanctions two Mumbai firms and five Indians over alleged Iran oil trade
US sanctions two Mumbai firms and five Indians over Iran oil trade
The US sanctioned two Mumbai firms and five Indian nationals over alleged Iran oil trade, while Treasury targeted 17 entities and shadow fleet vessels.
- October 9, 2026 07:21
NCLAT seeks separate completion deadlines for 16 stalled Supertech projects
NCLAT seeks deadlines for 16 stalled Supertech projects
NCLAT seeks project-wise completion dates and funding details for 16 stalled Supertech housing projects being taken over by NBCC, with a hearing set for November 6.
- October 9, 2026 07:11
Trump honours Satya Nadella as JD Vance suspends Microsoft from green card programme
Trump honours Satya Nadella as Vance suspends Microsoft over H-1B visas
Trump honoured Satya Nadella and other tech leaders as JD Vance suspended Microsoft from a green card programme amid allegations of H-1B visa abuse.
- October 9, 2026 06:59
Anup Bagchi set to earn ₹43 crore in first year as HDFC Bank CEO
Anup Bagchi to earn ₹43 crore in first year as HDFC Bank CEO
Anup Bagchi is set to earn ₹43 crore in his first year as HDFC Bank CEO, including ₹26.92 crore in variable pay and a ₹7.3 crore joining bonus.
- October 9, 2026 06:42
Trading Guide for October 9, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for October 9, 2026: Intraday supports, resistances for Nifty50 stocks
Intraday Nifty50 stock-level guide with supports, resistances, and actionable trade setups for Oct 9, 2026.
- October 9, 2026 06:42
Zinc futures: Hold the longs
Zinc futures: Hold the longs
Zinc futures show bullish potential with key supports at ₹400, risking a pullback below it, while targets sit around ₹435–₹440.
- October 9, 2026 06:42
Stock to buy today: PNB Housing Finance (₹1,150) – BUY
Stock to buy today: PNB Housing Finance (₹1,150) – BUY
Buy PNB Housing Finance now; bullish short-term with target ₹1,250–₹1,270, while monitoring support at ₹1,120 and trailing stop-loss.
Published on October 9, 2026
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