SENSEX   73,249.39

 -460.30

NIFTY   22,687.65

 -123.70

CRUDEOIL   9,463.00

+ 255.00

GOLD   144,853.00

 -1,226.00

SILVER   203,501.00

 -5,667.00

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 22nd October 2026.

At 3.22 p.m., the Sensex was down 417.55 points, or 0.57 per cent, at 73,292.13, while the Nifty fell 144.80 points, or 0.63 per cent, to 22,666.55..

Of the 3,598 stocks traded on the NSE, 952 advanced, 2,548 declined and 98 remained unchanged.

A total of 21 stocks touched their 52-week highs, 403 hit 52-week lows, 51 stocks reached the upper circuit and 176 hit the lower circuit.

Track today’s Q2 results live

Five stocks on the Nifty 50 managed to post gains by afternoon. Bajaj Finance was the top performer, rising 1.47 per cent to ₹939.60 from a previous close of ₹926.00, followed by Bajaj Auto, which gained 1.26 per cent to ₹10,199 from ₹10,072. Larsen & Toubro rose 1.16 per cent to ₹3,678.10 from ₹3,636, Bharti Airtel advanced 1.05 per cent to ₹1,911.50 from ₹1,891.70, and UltraTech Cement added 0.98 per cent to ₹10,955 from ₹10,849.

Follow Jio Platforms IPO Day 2 live updates

On the losing side, Nestle India was the biggest laggard, down 2.19 per cent to ₹1,197.10 from ₹1,223.90. Tech Mahindra fell 1.86 per cent to ₹1,800.60 from ₹1,834.70, HDFC Bank declined 1.85 per cent to ₹693.85 from ₹706.95, Coal India shed 1.78 per cent to ₹400.25 from ₹407.50, and HDFC Life slipped 1.65 per cent to ₹530.75 from ₹539.65. Reliance Industries, HDFC Bank and Infosys were the top three negative contributors to the Nifty by index weight.

• October 22, 2026 16:04

  Rupee snaps eight-day rally as oil climbs to highest since May

  

  Rupee snaps eight-day rally as oil climbs to highest since May

  Rupee ends eight-day rally as oil jumps, hitting 94.8175 per dollar amid risk-off markets and RBI defenses.

• October 22, 2026 15:40

  Integris Medtech cuts fresh issue size to ₹600 cr, to use 85% for debt repayment

  Integris Medtech Limited has recalibrated its proposed initial public offering (IPO), reducing the fresh issue component from ₹925 crore to ₹600 crore, according to an addendum to its Draft Red Herring Prospectus (DRHP).

  A key highlight of the revised IPO structure is the proposed utilisation of approximately ₹509.85 crore, representing nearly 85% of the gross fresh issue, towards repayment or prepayment of borrowings across its wholly owned and step-down subsidiaries, including Translumina Therapeutics, Transhealth, CPC Diagnostics, Chemopharm and Research Instruments.

  The proposed debt reduction could strengthen the company’s consolidated balance sheet, lower future finance costs and provide greater financial flexibility for its medical technology operations.

  The revised offer structure also sees promoters Gurmit Singh Chugh and Punita Sharma withdraw their proposed Offer for Sale (OFS) participation, allowing them to retain their existing shareholdings through the proposed transaction. Meanwhile, promoter Evercure Holdings Pte. Ltd. has reduced its proposed OFS to up to 1,08,37,266 equity shares. The restructuring indicates a more measured approach to shareholder dilution and capital mobilisation, while prioritising the company’s existing debt obligations.

  With the revised fresh issue size and increased emphasis on deleveraging, Integris Medtech’s IPO presents a balance-sheet-strengthening proposition, with potential benefits for its financial flexibility following the proposed listing.

• October 22, 2026 15:39

  Quote on rupee by Rajeev Sharan, Head of Research, Brickwork Ratings

  “The rupee pulled back on Thursday, slipping 12 paise to 94.50 in early trade and weakening toward 94.85 by afternoon, a day after jumping 53 paise to a six-week high of 94.38 against the dollar. What changed today is that oil shocks overtook deal excitement. Wednesday’s surge was driven by a wave of foreign money bidding for the INR 30,213 crore Jio Platforms IPO and INR 1,022 crore in foreign stock buying. Today, however, Brent crude crossed USD 111 per barrel after fresh attacks on Saudi oil facilities and Gulf shipping, dragging the Sensex down over 640 points. The catch is that IPO money is lumpy and one-off. Once it is in, the tailwind fades, and the rupee is back to leaning on oil and portfolio flows, which is why today’s small slip matters more than Wednesday’s jump.”

• October 22, 2026 15:38

  Client Associates Appoints Ritwick Ghoshal as Managing Partner – Growth & Strategy; Strengthens Risk Advisory Leadership with Pulkit Vashishth

  Client Associates, a leading Indian Multi-Family Office and Private Wealth Management firm, has appointed Ritwick Ghoshal as Managing Partner – Growth & Strategy and Pulkit Vashishth as Director – Risk Advisory & Continuity Practice. Ritwick, who brings over three decades of international and domestic wealth management experience, will oversee Fixed Income Advisory, Risk Advisory, and Lending Solutions alongside Co-founder Himanshu Kohli. Pulkit brings over 20 years of expertise in promoter insurance, succession structures, and estate planning to lead the firm’s risk mitigation and continuity mandates from Mumbai. Supported by practice leaders like Amar Koradia (Fixed Income), these strategic leadership additions strengthen Client Associates’ specialized advisory capabilities to help HNI and UHNI families protect, manage, and preserve generational wealth.

• October 22, 2026 15:26

  Himadri Speciality Chemicals plans ₹1,613-cr capacity expansion across key businesses

  

  Himadri Speciality Chemicals plans ₹1,613-cr capacity expansion across key businesses

  Himadri Speciality Chemicals outlines a ₹1,613-cr capacity expansion across LFP, speciality chemicals, carbon nanotubes, and carbon black to boost energy-transition materials.

• October 22, 2026 15:23

  Sony India FY26 profit rises 19% to ₹187 cr; revenue marginally up at ₹7,918 cr

  

  Sony India FY26 profit rises 19% to ₹187 cr; revenue marginally up at ₹7,918 cr

  Sony India posts a 19% FY26 profit rise to ₹187 cr with revenue near ₹7.92k cr, amid modest growth and cost adjustments.

• October 22, 2026 15:14

  LG Electronics India secures Great Place to Work certification for third consecutive year

  LG Electronics India Ltd has received the Great Place to Work certification for the third consecutive year, recognising its focus on employee trust, engagement and well-being.

  The certification was awarded by Great Place to Work, a global authority on workplace culture and employee experience, based on employee feedback through its Trust Index survey and an assessment of workplace culture.

• October 22, 2026 15:12

  BL Interview: eMudhra board to consider structural changes on Thursday after weak-key incident: Co-Founder Kaushik Srinivasan

  

  eMudhra board to consider structural changes on Thursday after weak-key incident: Co-Founder Kaushik Srinivasan 

  Srinivasan termed it a ‘one-time-one-client’ incident, adding that the weak keys were missed despite maker-checkers in place 

• October 22, 2026 15:12

  Dalmia Bharat Sugar’s Tanzania project secures $87.5 million loan

  Dalmia Bharat Sugar and Industries Ltd said its wholly owned subsidiary, Eagle Agrotech Tanzania Ltd, has executed a $87.5 million term loan facility agreement with CRDB Bank Public Ltd for its sugar manufacturing project in Tanzania.

• October 22, 2026 15:07

  61% of Indian Buyers of Overseas Property Eye Rental Income and Capital Appreciation: Knight Frank India–IREX Survey

  * Overseas real estate allocation has more than doubled to 13% of respondents’ wealth portfolios from ~5% a decade ago.

  * 61% of buyers are driven by rental income and capital appreciation.

  * 84% of respondents already own overseas property, signalling growing investor confidence.

  * 85% of respondents are targeting properties priced between USD 250,000–1 million.

  * 69% prefer apartments and condominiums

  * 76% prefer homes between 1,500–2,500 sq ft

  * Property-related overseas remittances rose 64% YoY to USD 528.7 million in FY2025–26.

• October 22, 2026 15:03

  Shakti Pumps invests ₹12 crore in EV mobility subsidiary

  Shakti Pumps (India) Ltd has invested ₹12 crore in its wholly owned subsidiary, Shakti EV Mobility Pvt Ltd, by subscribing to 1.2 crore equity shares of ₹10 each.

  Following the investment, the company’s cumulative investment in the subsidiary stands at ₹92 crore.

  Shakti EV Mobility, incorporated on December 16, 2021, manufactures electric vehicle motors for two-wheelers, three-wheelers, four-wheelers and special-purpose vehicles, as well as chargers and controllers. The subsidiary reported a turnover of ₹24.25 crore in FY26, compared with ₹3.73 crore in FY25 and ₹4.30 crore in FY24.

• October 22, 2026 15:01

  Gujarat Alkalies conducts ground-breaking for phosphoric acid plant at Dahej

  Gujarat Alkalies and Chemicals Ltd has conducted the ground-breaking ceremony for its 33,870 tonnes per annum phosphoric acid plant, designated PPA-11, at Dahej, Gujarat.

• October 22, 2026 14:46

  Banking

  ICICI Life Insurance Limited has launched ICICI Life Guaranteed Indexed Pension

  A retirement plan that combines guaranteed lifetime income with the potential for additional income linked to the NIFTY 50 Total Return Index. With increasing life expectancy and rising living expenses, the plan aims to help individuals balance income stability with potential growth during retirement.

  Key highlights:

  Guaranteed income for life, with the flexibility to choose a guaranteed annuity component ranging from 60% to 100%.

  NIFTY 50-linked income potential on the remaining portion, offering an opportunity to benefit from market performance.

  Joint-life benefits and return of purchase price options, offering additional flexibility for retirement planning.

  Annuity Advance feature, allowing eligible customers to access a portion of their future guaranteed income as a lump sum, subject to policy conditions.

  Flexible payout options on a monthly, quarterly, half-yearly or yearly basis.

• October 22, 2026 14:41

  Review

  Indian Equity Inflows Rise Despite Market Volatility

  According to Vallum Capital Advisors’ monthly report, Indian equity categories declined during the month, with India Equity funds falling 1.5%. However, net fund inflows into India Equity increased to ₹39,071 crore from ₹31,424 crore in August, reflecting continued investor participation despite market volatility. In contrast, dynamic strategies saw net outflows of ₹2,904 crore, compared with inflows of ₹11,276 crore in the previous month.

  Vallum Capital notes that higher rates hit metals, AI doubts reshuffled global tech, and a firmer rupee cushioned the damage at home. Indian investors kept buying through it all. The question now is whether this is a pause before old leaders return or the start of a new order led by the businesses that put AI to work, with Quality as the new market compass.

• October 22, 2026 14:39

  Review

  Comments on JLL report: Jaipur emerges as one of India’s leading Tier II commercial real estate markets with diversified growth across sectors.

  Mr. Mukesh Choudhary, Managing Director, Accuspace, a real estate company

  Jaipur has an immense potential to attract large corporate occupiers and support sizeable Grade A developments. It reinforces the fact that demand in the city is moving beyond conventional retail and commercial spaces towards organised developments. Favourable policy support, talent pool, and infrastructure growth are reshaping the city’s commercial real estate landscape.

  Occupiers are no longer choosing Jaipur only for its cost efficiencies. They are scaling here because it offers an exceptional talent pool, robust connectivity infrastructure, and a modern lifestyle that retains top professionals.

  There is an aggressive expansion happening in Southern Jaipur in areas like Tonk Road, Sitapura, and along the Ajmer Road. The market is seeing an influx of Grade-A office complexes, modern co-working hubs, and specialized IT/ITeS corporate offices designed to absorb the massive professional workforce. 

  Accuspace CRE portfolio in Jaipur

  The commercial real estate portfolio of Jaipur-headquartered real estate company Accuspace has crossed 0.5 million sq. ft. across office, retail and warehousing. 

  Among the major occupiers in the company’s commercial portfolio includes global technology and consulting firm Accenture which leased 1.23 lakh sq. ft. of office space at ‘The Edge 2’ in Sitapura, organised retailer Zudio which has leased 13,000 sq. ft. at The Edge 1 on Tonk Road and top electrical equipment and home appliances company Havells India which leased 1.2 lakh sq. ft. of warehousing space on Ajmer Road.

  The company is also planning a huge mixed-use project in Jaipur that will change face of commercial real estate in the city.

  About Accuspace:

  Accuspace specializes in acquiring and developing properties into state-of-the-art warehouses, built-to-suit (BTS) spaces, and plush office spaces. It is leading provider of world-class commercial real estate, delivering trusted, tailored solutions. The company plans to develop over 20 million sq. ft. of commercial space by 2030.

• October 22, 2026 14:38

  Gold silver

  Ashish Rajodiya, Head of Commodities, PL Capital.

  Gold and silver are sharply lower on Thursday, with MCX gold at ₹1,45,050 per 10 grams, down ₹1,029, and MCX silver at ₹2,03,852 per kg, down ₹5,316 or 2.54%, while spot gold slips to around $4,100 an ounce. Brent has jumped back to around $111 a barrel after a drone strike on Saudi Aramco’s Shaybah oilfield, reviving inflation worries and reinforcing the view that interest rates will stay higher for longer. Markets expect the Fed to hold at its October 27–28 meeting, but they still price a possible hike in December. Silver, the more volatile of the two, has taken the heavier hit. A fresh surge in oil or a hawkish Fed message would keep both metals under pressure, while a cooling in crude and easing Iran tensions would give bullion room to recover.

• October 22, 2026 14:36

  Quarterly results

  India Post crosses ₹4,000 cr revenue for 2 successive qtrs for first time: Scindia

  

  India Post crosses ₹4,000 cr revenue for 2 successive qtrs for first time: Scindia

  India Post achieves ₹4,202 crore quarterly revenue for second straight quarter, led by Parcel growth, with improving cost efficiency.

• October 22, 2026 14:10

  J&K Bank Q2 net profit rises 10.6% year-on-year to ₹546 crore

  J&K Bank reported a 10.6 per cent year-on-year rise in net profit to ₹546.36 crore for the quarter ended September 30, 2026, compared with ₹494.11 crore a year earlier. Profit rose 28.8 per cent sequentially from ₹424.18 crore in the June quarter. Net interest income increased 5 per cent year-on-year to ₹1,502 crore, while other income doubled to ₹314.90 crore.

• October 22, 2026 13:55

  Centre, LIC to become public shareholders in IDBI Bank after strategic sale: DIPAM Secretary

  

  Centre, LIC to become public shareholders in IDBI Bank after strategic sale: DIPAM Secretary

  Following the strategic restructuring, the responsibility to run the bank and infuse capital whenever required would rest with the strategic buyer, he told PTI.

• October 22, 2026 13:51

  Natco Pharma’s ₹1,279-crore rights issue closes today

  Natco Pharma Ltd’s ₹1,279.4-crore rights issue closes on Thursday, October 22, 2026. The company is offering equity shares with a face value of ₹2 each at ₹750 per share. The board approved the issue terms on September 25, and the issue opened on October 12, 2026.

• October 22, 2026 13:48

  360 ONE allots 4.8% stake to UBS AG following warrant exercise

  

  360 ONE allots 4.8% stake to UBS AG following warrant exercise

  UBS AG exercises warrants, acquiring ~4.8% of 360 ONE WAM equity after converting 20.5 million warrants.

• October 22, 2026 13:47

  TTML narrows Q2 loss to ₹59 crore, revenue up 8%; stock surges 9% on results day

  

  TTML narrows Q2 loss to ₹59 crore, revenue up 8%; stock surges 9% on results day

  Revenue from operations rose 8.2% year-on-year to ₹309.65 crore; the stock jumped 9.26% to ₹35.03 on the NSE by early afternoon on volumes of over 9.16 crore shares

• October 22, 2026 13:46

  VOC Port’s international container terminal gets ‘green terminal’ tag

  

  VOC Port's international container terminal gets ‘green terminal’ tag

  Tuticorin International Container Terminal (TICT) has been declared a 'green terminal ' after fully electrifying 100 per cent of its operational equipment, an official statement said on Thursday.

• October 22, 2026 13:33

  Sapphire Foods posts best revenue growth in four years, stock slides

  

  Sapphire Foods posts best revenue growth in four years, stock slides

  Sapphire Foods posts strongest quarterly revenue growth in 4 years; KFC drives gains amid rising costs, stock dips further.

• October 22, 2026 13:27

  Kopran’s Khopoli facility completes EU GMP inspection with no critical observations

  Kopran Ltd said a European Union medicine authority’s GMP inspection of its formulation manufacturing facility at Khopoli, conducted from September 18 to 23, 2026, concluded with no critical observations

• October 22, 2026 13:26

  Patel Retail finalises two new store locations in Maharashtra

  Patel Retail Ltd has finalised locations for two upcoming stores at Ghoti in Nashik district and Mangaon/Mahad in Raigad district, expanding its retail footprint. The Ghoti store will mark its entry into Nashik, extending its presence to four districts across Maharashtra.

  The company currently operates 54 stores and said the planned additions align with its cluster-based expansion strategy to improve access to groceries, daily essentials and household products.

• October 22, 2026 13:17

  Nifty trims early losses to 91 points by noon; broad market bleeds as 432 stocks hit 52-week lows

  

  Nifty trims early losses to 91 points by noon; broad market bleeds as 432 stocks hit 52-week lows

  A total of 432 stocks hit fresh 52-week lows against just 53 at 52-week highs, underscoring the depth of the selling and as many as 277 stocks were locked in the lower circuit against 107 in the upper circuit

• October 22, 2026 13:17

  Barclays plans 5,000 job cuts as bank steps up AI-led efficiency

  

  Barclays to cut 5,000 jobs as AI drives efficiency

  Barclays plans to cut 5,000 jobs, about 5% of its workforce, as AI helps drive efficiency and cost reductions while the bank creates capacity for investment.

• October 22, 2026 13:06

  eMudhra security flaws: What happened is far worse than a cyberattack, Pravin Kaushal writes

  

  Cyberattack on eMudhra’s digital certificate system? No... It’s something worse

  A chilling look at how eMudhra’s self-distributed keys exposed global trust, revealing systemic flaws in certificate audits and security.

• October 22, 2026 13:01

  Energy-driven inflation pressures precious metals ahead of Fed and PCE: Renisha Chainani, chief research officer at Augmont

  · Price Movement – Gold and silver slipped as climbing oil prices revived inflation worries and strengthened the view that interest rates may stay elevated for longer. Investors are now looking to next week’s Federal Reserve meeting for fresh signals on where policy is headed.

  · Geopolitical Tensions – Oil has pushed further above $110 after fresh Houthi attacks in Saudi Arabia led the US to order some diplomats and their families to leave its missions in the Kingdom. Stubborn inflation, fuelled largely by high energy costs, has strengthened the argument for tighter monetary policy, but Fed policymakers are still expected to stay patient for now.

  · Macro-Economic Signals – Attention now turns to next week’s Personal Consumption Expenditures (PCE) data, the gauge the central bank watches most closely as it works towards its 2% inflation target. According to CME’s FedWatch Tool, traders see only a 16% chance of a rate hike at the Fed’s October 27–28 meeting, though they are pricing in a 90% probability of an increase in December.

  Technical Triggers

  · Short-term (10-15 days) - Gold is holding inside a key support zone of $4,080–$4,200 (₹1,44,000–₹1,50,000). A sustained move above $4,200 would open the door to a near-term rebound towards $4,400 (₹1,58,000). A break below support, however, could pull prices down to $3,950 (₹1,40,000) in the short term. Silver, meanwhile, broke its $57 support (₹2,09,000) and moving towards the next target is $55 (₹2,00,000), a zone where buyers have stepped in twice before. On the upside, a decisive move back above $59 (₹2,16,000) could set up a run towards $62 (~₹2,28,000).

  · Medium term (2-3 Months) – Gold and silver are trying to build a base around $3,950–4,000 and $50–55 respectively, which is a very strong support zone. Prices are expected to hold these levels and rebound by 10–15%.

• October 22, 2026 13:00

  CoinSwitch Markets Desk's crypto market overview for today

  BTC reached near $85K supported by a rebound in technology stocks and improving risk appetite following strong earnings updates from AI-linked companies. The broader crypto market also gained momentum. Institutional demand remained encouraging, as US spot Bitcoin ETFs recorded inflow, suggesting sustained investor interest. Meanwhile, easing oil prices provided additional support to risk assets. Going forward, macro conditions, ETF inflows and broader equity market sentiment will remain key drivers of crypto market direction. 

• October 22, 2026 12:59

  Mudrex's Head of Business Prateek Gupta on Bitcoin movements today

  Bitcoin is trading near $83,200 after touching $84,737, supported by a recovery in US tech stocks and improving risk appetite. However, gains weakened after fresh strikes in the Middle East, pushing crude prices and bond yields higher. Institutional flows remain supportive, with US spot Bitcoin ETFs attracting $550 million so far this week. Tesla also retained its entire 11,509 BTC holdings through Q3. Meanwhile, Bitcoin open interest has risen to $23.4 billion, increasing the risk of leveraged liquidations if momentum reverses. With the odds of a Fed rate hike next week below 17%, Bitcoin’s ability to break above $85,000 will be key, while $80,000 remains a crucial support level.

• October 22, 2026 12:57

  Bajaj Life Insurance launches Bajaj Life Global Wealth Builder, its first offering from GIFT City through the Bajaj Life IFSC Insurance Office

  Designed primarily for NRIs and globally mobile customers, the life insurance plan enables USD-denominated wealth creation through six global investment funds spanning equities, emerging markets, gold, liquid assets and AI-focused opportunities. It offers three benefit options : Wealth, Secure and Secure Plus , along with flexible withdrawals and payouts, zero premium allocation and policy-administration charges, and wealth-enhancement benefits subject to applicable policy terms.

• October 22, 2026 12:56

  India’s copper demand up 12% in FY26 at 2,100 KT led by automotive, infra & realty sectors

  

  India’s copper demand up 12% in FY26 at 2,100 KT led by automotive, infra & realty sectors

  India’s copper demand rose 12% to 2,100 KT in FY26, led by infrastructure, automotive, and building sectors.

• October 22, 2026 12:55

  India’s renewable energy curtailment affects 118.6 GW capacity in September 2026

  

  India curtailed 378.52 MU of renewable energy in September 2026

  India curtailed 378.52 MU of renewable energy in September 2026, with Gujarat and Rajasthan accounting for 79% amid grid constraints and limited storage capacity.

• October 22, 2026 12:52

  Force Motors partners with Rosmerta for vehicle scrapping

  

  Force Motors partners with Rosmerta for vehicle scrapping

  Force Motors partners with Rosmerta to offer Force customers a verified, eco-friendly end-of-life vehicle scrapping route and recycling process.

• October 22, 2026 12:49

  Nestlé India shares drop 3% as senior management reshuffle hits sentiment

  

  Nestlé India shares drop 3% amid senior management reshuffle

  Shares of Nestlé India Limited were trading sharply lower on Thursday, falling 3.08% to ₹1,186.20 as of 12.33 pm, a day after the FMCG major disclosed a three-way senior management restructuring.

• October 22, 2026 12:44

  Motilal Oswal Financial Services launches new group brand campaign based on ‘Think Wealth Creation’ theme

  The campaign aims to make Motilal Oswal Group synonymous with wealth creation for investment journeys of all kinds of investors. The premise of the campaign is simple: Every journey has a destination. When you want to make wealth creation the destination of your investing journey; think of Motilal Oswal.

  The films consist of a series of journeys in life that people take - some directly related to wealth, some metaphorical and some quirky. Each journey culminates in a destination, and this leads into the brand message: partnering with Motilal Oswal, a brand focused on wealth creation since 1987, for their wealth creation journeys.

  Speaking on the campaign Pratik Oswal, Director, Motilal Oswal Financial Services says “At Motilal Oswal, we have always believed that investing is a means to an end - and that end is wealth creation. This belief has shaped everything we have built over nearly four decades, from our Wealth Creation Studies and investment philosophy to our diverse businesses spanning broking, asset management, private wealth and beyond. While our businesses serve different customer needs, they are united by one purpose - helping investors create wealth. Our new campaign, ‘Think Wealth Creation’, captures this philosophy in a simple message: whatever your investment journey, when the destination is wealth creation, think Motilal Oswal.”

• October 22, 2026 12:42

  GHFL Q2 revenue hits record ₹696 crore; FY27 EBITDA guidance raised to 27%

  Garware Hi-Tech Films Ltd (GHFL) reported record revenue from operations of ₹696 crore in Q2 FY27, up 22 per cent year-on-year and 10 per cent quarter-on-quarter. EBITDA rose 42 per cent to ₹189 crore, with the margin expanding to 27.2 per cent from 23.4 per cent a year earlier.

  Profit after tax increased 42 per cent to ₹129 crore, while the PAT margin improved to 18.6 per cent from 16 per cent.

• October 22, 2026 12:38

  Refex Industries bags slab-wise rate contract for ash transportation to road projects

  Refex Industries Limited has received a slab-wise rate contract for transporting ash to construction sites of road projects undertaken by the National Highways Authority of India (NHAI) and other Central or State government road construction departments, authorities and Pradhan Mantri Gram Sadak Yojana projects.

• October 22, 2026 12:37

  Pirelli, Balkrishna strike tyre production deal

  

  Pirelli, Balkrishna strike tyre production deal

  A ‌second phase of the agreement also involves ‌the creation of a ‌50-50 ⁠joint venture for ⁠a production plant in the country dedicated to "high value" car ​tyres

• October 22, 2026 12:37

  Aurionpro and Mastercard partner to expand contactless transit payments in North America

  Aurionpro Transit and Mastercard have partnered to help public transport agencies and government authorities across North America upgrade payment systems.

  The collaboration aims to simplify the procurement and deployment of contactless transit payments, enabling convenient, secure and seamless passenger experiences through scalable solutions tailored to local operational and policy requirements.

• October 22, 2026 12:36

  eMudhra shares crash 20% to 52-week low after govt orders security probe

  

  eMudhra shares crash 20% to 52-week low after govt orders security probe

  On the NSE, the stock tumbled 19.91% to ₹346 apiece; the scrip of the company tanked 19.63% to ₹346.85 per share on the BSE

• October 22, 2026 12:19

  UBS acquires 4.8% stake in India's 360 ONE WAM after warrant conversion

  

  UBS acquires 4.8% stake in India's 360 ONE WAM after warrant conversion

  UBS acquires 4.8% stake in India's 360 ONE WAM after converting warrants, deepening wealth management partnership.

• October 22, 2026 12:14

  Fusion CX shares list at 5.5% premium over IPO price on NSE

  

  Fusion CX shares list at 5.5% premium over IPO price on NSE

  Fusion CX debuts on NSE at a 5%+ premium over IPO price, with strong subscription and strategic use of funds.

• October 22, 2026 12:12

  Pirelli, BKT sign strategic agreement to produce up to 800,000 car tyres by 2030

  Pirelli and Balkrishna Industries Ltd (BKT) have signed a strategic agreement to tap India’s growing car tyre market, with BKT set to produce up to 800,000 Pirelli-branded tyres by 2030 at a newly constructed plant. The initial phase will follow Pirelli’s technology and quality standards.

  Subject to conditions, the second phase envisages a 50:50 joint venture and a dedicated plant to manufacture high-value car tyres under both brands for India and international markets.

• October 22, 2026 12:09

  Rane Holdings to invest ₹80.85 crore in ZF Lifetec Rane Automotive India

  Rane Holdings Ltd has approved an additional investment of ₹80.85 crore in its joint venture, ZF Lifetec Rane Automotive India Pvt Ltd, through a rights issue. The investment will fund the joint venture’s capital expenditure and operational requirements.

  Rane Holdings will subscribe to 5,15,954 equity shares at ₹1,567 per share. Its shareholding in the joint venture will remain unchanged at 49 per cent after the investment, which is expected to be completed by October 31, 2026.

• October 22, 2026 12:09

  UBS acquires 4.8% stake in 360 ONE WAM through warrant exercise

  UBS AG has acquired an approximately 4.8 per cent stake in 360 ONE WAM Ltd by exercising all warrants allotted to it on a preferential basis. The wealth management firm has allotted 20.5 million equity shares to UBS after the Swiss banking major paid the remaining 75 per cent of the exercise price. UBS had subscribed to the warrants under an agreement with 360 ONE, with the warrants allotted on July 21, 2025.

• October 22, 2026 12:08

  India's West Asia oil imports return to pre-war levels in September

  

  India's West Asia oil imports return to pre-war levels in September

  Refiners snapped up spot cargoes as West Asian producers and traders cranked up shipments through the Strait ‌of ⁠Hormuz, easing supply constraints caused by the Iran war

• October 22, 2026 12:08

  Mphasis’ near-term and net-zero emissions targets validated by SBTi

  Mphasis, a global AI-led, platform-driven technology solutions provider, has received validation from SBTi Services for its near-term and net-zero greenhouse gas (GHG) emissions reduction targets.

  Using FY 2024-25 as the baseline year, the company aims to achieve net-zero greenhouse gas emissions across its value chain by FY 2050.

• October 22, 2026 12:08

  Retail portion of Jio Platforms' IPO fully subscribed

  

  Retail portion of Jio Platforms' IPO fully subscribed

  The retail portion of Jio Platforms' initial public offering has been fully subscribed, within two hours into the second day of bidding on Thursday, according to BSE data.

• October 22, 2026 11:56

  PHP security flaws trigger millions of exploit attempts, says Cloudflare CEO

  

  Cloudflare sees millions of PHP exploit attempts after security flaw disclosure

  Cloudflare reports millions of attempts to exploit PHP vulnerabilities after disclosure, as Japan suspends some online services and developers urge users to update.

• October 22, 2026 11:55

  Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook

  

  Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook

  Spot gold slid 1.3% to $4,085.29 per ounce ‌by 0530 GMT, hitting its lowest since October 14. ‌US ⁠gold futures for December delivery dropped 1.2% to $4,100.90

• October 22, 2026 11:54

  HDFC Bank shares near 52-week low as insider leak probe rattles investors

  

  HDFC Bank shares near 52-week low as insider leak probe rattles investors

  HDFC Bank slides toward 52-week lows as insider-leak probe unsettles investors amid leadership changes and market volatility.

• October 22, 2026 11:49

  Yash Highvoltage Limited reports 95% y-o-y rise in revenue in H1 FY27

  Yash Highvoltage Limited, a manufacturer of high-voltage and high-current transformer bushings, has reported a strong performance for H1 FY27 , with revenue rising 95% YoY to ₹194.5 crore and PAT growing 165% to ₹36.2 crore. 

  EBITDA increased 136% to ₹54.7 crore, with margins improving to 28.1%. Key developments during the period include expanding its US representation network to cover 22 states, completing seismic qualification testing for its 138 kV and 230 kV IEEE-compliant bushings, and successfully testing its first 245 kV wall-through transformer bushing. 

• October 22, 2026 11:46

  Paras Healthcare Limited IPO Day 2 subscription update: Total subscription at 0.21 times

  NII portion: 0.11 times

  Retail Individual Investors portion: 1.00 times

  The company raised ₹652.5 crore from 39 anchor investors at ₹693 per Equity Share on October 19, 2026.

  Marquee investors include Government Pension Fund Global (Norges Bank), Integrated Core Strategies Asia Pte. Ltd. (Millennium), SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, WhiteOak Capital, Abu Dhabi Investment Authority (ADIA), BlackRock Global Funds, Eastspring Investments among others.

  (Source: BSE Cumulative Demand Schedule)

• October 22, 2026 11:45

  Halwasiya increases stake in PC Jeweller again, pumps in ₹175 crore in two equity transactions

  

  Halwasiya increases stake PC Jeweller again, pumps in ₹175 crore in two equity transactions

  The latest acquisition follows his earlier purchase of 5.10 crore shares of PC Jeweller on October 15 at ₹14.43 per share, involving an investment of about ₹74 crore

• October 22, 2026 11:42

  Jio Platforms IPO: Retail portion fully subscribed

  The retail portion of Jio Platforms’ initial public offering has been fully subscribed, within two hours into the second day of bidding on Thursday, according to BSE data.

  By 11:00 am, the retail individual investors category got fully subscribed.

  Qualified institutional buyers led the demand at 9.42 times, followed by non-institutional investors at 2.34 times. The shareholders’ portion was subscribed 2.06 times, while the employees’ quota saw 1.61 times subscription.

  Overall, the issue was subscribed 3.47 times at 11:00 am on Day 2, the exchange data showed.

  On Wednesday, the opening day of the IPO, Jio Platforms Ltd’s Rs 30,213-crore initial public offering was fully subscribed within 100 minutes, making it the fastest-subscribed mega public issue in India, with investors placing bids worth about Rs 69,800 crore for 62.36 crore shares by 5 pm.

  The offering will remain open until October 23. - PTI

• October 22, 2026 11:36

  Online research influences 40% of health and life insurance sales in India: Google report

  A new Google report, with McKinsey & Company as knowledge partner, finds that online research now influences 40% of health and life insurance sales in India, with over 50% of consumers sticking to their original online shortlist even after speaking to an advisor.

  Titled ‘Decoding the DICA Consumer’, the report explores how search, AI-powered tools and YouTube are reshaping insurance buying, and why the real opportunity for insurers lies in connecting digital discovery with human advice.

  A few more findings that stand out:

  Insurance-related views on YouTube crossed 2.5 billion over the past year.

  Digitally influenced purchases generate ~40% higher policy premiums than traditional sales.

  78% of consumers shortlist just two or three insurers online before speaking to an advisor.

• October 22, 2026 11:33

  PHP security flaws put 70% of the internet at risk, says Wiz

  

  PHP security flaws: US responds as Europe takes websites offline

  Two PHP security flaws have triggered a global alert, with the US coordinating a response, European websites going offline and Cloudflare reporting early attacks.

• October 22, 2026 11:22

  RBI may raise interest rates by 50 bps by February 2027, says Emkay

  

  RBI rate hike outlook: Emkay expects 50-bps increase by February 2027

  Emkay expects the RBI to raise rates by 50 basis points by February 2027 as inflation pressures spread and global interest rates influence policy decisions.

• October 22, 2026 11:15

  Commodity markets update: Overview by Gaurav Garg, Head - Research, Lemonn

  Gold (XAUUSD): $4,085.855/oz -1.33%

  Silver (XAGUSD): $56.19600/oz -3.07%

  Crude (WTI): $100.665/bbl +1.43%

  USD/INR: ₹94.5575 per USD +0.11%

  Gold and silver are under significant selling pressure as rising crude oil prices revive inflation concerns and strengthen expectations that US interest rates may remain elevated for longer. Gold has fallen to its lowest level since October 14, while traders are watching the Federal Reserve’s October 27–28 meeting and upcoming US inflation data for fresh direction.WTI crude is rising amid renewed Middle East supply concerns, including Houthi attacks and risks to regional energy infrastructure, keeping inflation risks elevated.The rupee is trading around ₹94.56 per dollar after recent appreciation supported by foreign inflows and policy measures, although elevated crude prices remain a key risk for India’s import bill and inflation outlook.

• October 22, 2026 11:07

  Fusion CX shares lists at 5.54% premium on NSE

  Fusion CX shares listed at a 5.54% premium on the NSE on October 22, 2026. The customer experience and business process solutions provider debuted at ₹301 on the NSE (and ₹292 on the BSE) against its IPO issue price of ₹289 per share. The ₹702-crore IPO, which included a ₹500-crore fresh issue and a ₹202-crore offer for sale, was subscribed over 4 times overall, with strong demand from retail investors (around 5.7–6x). Market capitalisation stood at about ₹4,215 crore at listing. Grey market premium ahead of the debut had indicated a modest premium of around 4–5%, broadly matching the actual listing performance.

• October 22, 2026 11:06

  Corporate actions today

  🔸AGM/EGM – Max Healthcare: Recent postal ballot results (Oct 19) approved RSU scheme, CMD remuneration, and MoA changes. (Earlier AGM was in July 2026.)

  🔸EGM – Aequs: Extraordinary General Meeting today (Oct 22) to approve ~₹650 crore preferential issue of warrants to promoter group for capacity expansion (aerospace/consumer).

  🔸Buyback – VRL Logistics: Record date today (Oct 22) for ₹280 crore tender-offer buyback (up to 87.5 lakh shares / 5% at ₹320 per share).

  🔸Share Split – JSW Dulux: Record date today (Oct 22) for 1:10 stock split (face value from ₹10 to ₹1 per share).

• October 22, 2026 11:05

  Fujiyama Power Systems says machinery for solar cell manufacturing facility already delivered to plant at Ratlam, Madhya Pradesh

  Fujiyama Power Systems Limited (“the Company”) wishes to clarify that the machinery and equipment required for its announced 1.2 GW DCR (Domestic Content Requirement) solar cell manufacturing facility have already been delivered to its plant at Ratlam, Madhya Pradesh. Accordingly, the Company does not anticipate any material impact of the proposed restrictions on the capital expenditure or the timeline of this expansion, and the facility remains on track to be commissioned as originally planned, i.e. in Q1 of FY 2027-28. At this stage, the Company has not announced any plans for additional solar cell manufacturing capacity.

  The Company is engaged in the retail-focused rooftop solar business, in which it manufactures and supplies Solar Power Generation Systems (SPGS) comprising solar inverters, solar batteries and solar panels. Solar panel manufacturing is a backward integration of this business, and solar cell manufacturing is a further backward integration for solar panel manufacturing. Accordingly, the Company does not foresee any material impact of the proposed restrictions on this expansion and the facility is expected to be commissioned, as originally envisaged. The Company’s operations are not dependent on any ongoing foreign technology transfer and remain fully unaffected.

• October 22, 2026 11:04

  US earnings season: Justin Khoo, Senior Market Analyst - APAC, VT Markets, talks about Al growth, valuations and rising investor caution

  The ongoing US earnings season reflects a market that is becoming increasingly selective, with investors looking beyond headline profit growth to assess the sustainability of corporate earnings. According to early results, 84% of reporting S&P 500 companies have beaten earnings estimates, but the aggregate earnings surprise stands at just 2.6%, well below the five-year average of 7.5%. Meanwhile, blended earnings growth is projected at 29%. While AI-driven companies continue to deliver strong results, concerns around elevated valuations, rising borrowing costs and returns on AI investments are gaining prominence. With US Treasury yields nearing 5% and the S&P 500 trading at around 19 times forward earnings, investors are likely to focus on earnings quality, cash flow generation and broader market participation. The sustainability of the rally will depend on companies delivering growth that justifies their valuations.

• October 22, 2026 11:00

  WSB Real Estate Partners appoints Akash Rastogi as Managing Partner

  WSB Real Estate Partners, a real estate-focused investment firm, today has announced the appointment of Mr. Akash Rastogi as Managing Partner. Mr. Rastogi is a seasoned professional with nearly two decades of experience in real estate investment and development, with focus on warehousing and logistics real estate value chain.

  In his new role, Mr. Rastogi will lead the firm’s industrial and logistics real estate platform, overseeing investment origination, leasing and execution across logistics parks and industrial parks, manufacturing facilities, data centres, and industrial and workforce housing.

  He will also focus on identifying investment opportunities, acquisitions and land aggregation, while contributing to investment strategy, joint ventures, fundraising and investor relations. His responsibilities will further include supporting real estate credit and opportunistic investment transactions across the firm’s portfolio.

• October 22, 2026 10:59

  Karta AI raises $3 million to scale agentic inbound voice AI for BFSI

  • Karta AI’s voice agents take on the hardest inbound calls at banks, lenders, fintechs and insurers: complex, multi-intent L2 and L3 cases.

  • Proven ROI at a leading home loan company: ~70% of borrower queries resolved end to end by AI and ~50% lower cost to serve.

  • Funding to strengthen the platform, deepen deployments and scale engineering and go-to-market teams.

• October 22, 2026 10:43

  Nifty Prediction Today – October 22, 2026: Nifty 50 Futures: Resistance ahead; go long on a break above it

  

  Nifty Prediction Today – October 22, 2026: Nifty 50 Futures: Resistance ahead; go long on a break above it

  Nifty 50 October Futures can rise to 22,920 on a break above 22,790

• October 22, 2026 10:26

  Cognizant acquires DyFlex Solutions

  

  Cognizant acquires DyFlex Solutions

  Cognizant on Thursday announced that it has entered into a definitive agreement to acquire DyFlex Solutions, an AI-led SAP transformation firm.

• October 22, 2026 10:19

  PC Jeweller jumps 8% on rise in Q2 profit and debt-free status

  

  PC Jeweller jumps 8% on rise in Q2 profit and debt-free status

  The company posted a ​more ‌than 50% jump in quarterly profit and ‌said ​it had fully ⁠repaid debt owed ‌to a 14-bank consortium.

• October 22, 2026 10:17

  Stocks in focus

  Omnitech Engineering: Expands into the data centre infrastructure value chain; starts receiving orders for manufacturing and supplying precision-engineered components. (Positive)

  NHPC: Commissions Unit 5 of the 2,000 MW Subansiri project, taking operational capacity to 1,250 MW. (Positive)

  Millworks Tech: Receives purchase orders from HAL for HAWK and MiG-29 aircraft assemblies; signs MoU with TridenTech for UAV engines. (Positive)

  Advait Energy: Marks milestone in India’s power distribution sector following HERC licence grant as a consortium member. (Positive)

  Zydus Lifesciences: Zylidac Bio partners with Prolific Machines to scale its biologics manufacturing platform to GMP production. (Positive)

  Fujiyama Power: China curbs will not impact its solar cell project; equipment for 1.2 GW plant already delivered; Ratlam facility on track for Q1 FY28. (Positive)

  Powerica: Company receives letter of intent from Gujarat Urja Vikas Nigam for a 50 MW wind power project in Gujarat. (Positive)

  HCLTech: Launches NVIDIA-powered verification and validation (V&V) offering for automotive manufacturers. (Positive)

  Seamec: Company has entered into a contract worth approximately $55 million with HAL Offshore Limited to charter its vessel SEAMEC ANANT for inspection, maintenance and repair. (Positive)

  Tata Comm: National Court of Spain has ruled in favour of its subsidiary Tata Communications (Spain) S.L., annulling a VAT demand of €15.51 million (Positive)

  PC Jewel: Net Profit at ₹331 Cr Vs ₹210 Cr. Revenue at ₹1,054 Cr Vs ₹825 Cr (YoY). (Positive)

  BEL: Bags Orders Worth ₹1,011 Cr Since Oct 13, 2026 (Positive)

  Indian Hotels: Q2 FY27 Consolidated Net Profit stood at Rs. 349 crore vs Rs. 285 crore YoY. Revenue stood at Rs. 2484 crore vs Rs. 2041 crore YoY. (Positive)

  IGIL: Q2 FY27 Consolidated Net Profit stood at Rs. 186 crore vs Rs. 130 crore YoY. Revenue stood at Rs. 398 crore vs Rs. 304 crore YoY. (Positive)

  PC Jeweller: Aditya Kumar Halwasiya acquired 5.51 crore shares at Rs 18.39 per share. (Positive)

  HD Fire: Allianz Global Investors GmbH acquired 17.55 lakh shares at Rs 317.48 per share. (Positive)

  AYE Finance: Company targets 28-33% AUM cagr over next three years with 4.0-4.5% ROA and 17-20% ROE (Positive)

  KEI Ind: Q2 FY27 Consolidated Net Profit stood at Rs. 262 crore vs Rs. 203 crore YoY. Revenue stood at Rs. 3776 crore vs Rs. 2730 crore YoY. (Neutral)

  Rajratan: Q2 FY27 Consolidated Net Profit stood at Rs. 24.1 crore vs Rs. 20.6 crore YoY. Revenue stood at Rs. 371 crore vs Rs. 294 crore YoY. (Neutral)

  Pine Labs: Company invests Rs 24.99 crore in unit synergistic financial networks (Neutral)

  Persistent Systems: Launches ₹4,265-crore QIP; sets floor price at ₹5,550 per share (Neutral)

  M&M FIn: Net Profit at ₹882 Cr Vs ₹569 Cr. Net Interest Income at ₹2,391 Cr Vs ₹2,112 Cr (YoY) (Neutral)

  Juniper Green: Company has incorporated two wholly owned subsidiaries, Juniper Green Cosmic Fifteen Private Limited and Juniper Green Kite Fifteen Private Limited (Neutral)

  Karur Vysya Bank: Cuts MCLR rates by 20 bps across tenures. (Neutral)

  Circuit filter change from 10% to 5%: Hero Motors. (Neutral)

  eMudhra security glitch: MeitY sets up probe panel, CERT-In issues advisory. (Negative)

  Nestle/Zydus Wellness: FSSAI issues notices to Nestle, Zydus Wellness and others over misleading claims on infant formula (Negative)

  Indo Solar: Net Profit at Rs 5 crore vs Rs 46.3 crore. Revenue at Rs 155.6 crore vs Rs 202.6 crore YoY (Negative)

  Alkem Laboratories: Approves forensic audit in alleged fund misappropriation case; launches probe into suspected employee fraud. (Negative)

• October 22, 2026 10:16

  Stocks to watch today

  1. RELIANCE: Reaffirmed AAA/Stable credit ratings by ICRA agency.

  2. HCLTECH: Launched NVIDIA-powered AI for vehicle software validation.

  3. TECHM: Reported strong Q2 results with AI-driven growth.

  4. ZYDUSLIFE: Received USFDA approval for menopause drug with exclusivity.

  5. DRREDDY: Received USFDA approval for esophageal cancer treatment Zytorvi.

  6. NHPC: Commissioned fifth unit of Subansiri Lower HE project.

  7. PERSISTENT: Raised $450M via QIP at ₹5,550 per share.

  8. SAGILITY: Acquired Chirok Health for $32.35 million expansion.

  9. TATACOMM: Successfully won major VAT litigation case in Spain.

  10. E2E: Secured major AI deal boosting growth and investments.

  11. ICICIPRULI: Strong H1 FY2027 VNB growth driven by protection.

  12. ANGELONE: Reported robust growth in revenue and client base.

  13. HDFCAMC: Strong growth in AUM and systematic investment plans.

  14. SWSOLAR: Kenya tax dispute settled with demand significantly reduced.

  15. TMCV: Awarded Leader ESG rating from NSE Sustainability.

  16. ASHOKA: Recognized as Leader with A+ ESG rating.

  17. CCL: Reported 25% growth in domestic branded coffee business.

  18. SHOPERSTOP: Strong Q2 performance driven by festive demand growth.

  19. SGFIN: Posted record Q2 profit with increased lending activity.

  20. REPCOHOME: Received strong Crisil ESG 64 rating.

• October 22, 2026 10:05

  NDTV adopts Amagi’s AdFlow Orchestrator to boost FAST and connected TV monetisation

  NDTV has adopted Amagi’s AdFlow Orchestrator to improve channel performance and monetisation on Free Ad-supported Streaming TV (FAST) and connected TV (CTV) platforms.

  The solution automatically restructures advertising markers to meet the requirements of individual distribution partners, helping ensure ad breaks are compatible with streaming platforms and improve revenue opportunities.

• October 22, 2026 10:03

  Swastika Infra Q2 revenue rises 42%, profit jumps 80%; order book doubles to ₹1,420 crore

  Swastika Infra Ltd, a power transmission and distribution engineering, procurement and construction (EPC) company, reported a 42 per cent rise in revenue and an 80 per cent increase in profit after tax (PAT) in Q2 FY27. Its order book more than doubled to ₹1,420 crore.

  The company said execution slowed in Q1 FY27 as a prudent measure amid sharp price volatility and supply uncertainty caused by disruptions from the Middle East war. With the situation normalising, execution accelerated in Q2.

• October 22, 2026 10:02

  Nifty slides 1%, Sensex sheds 691 points as crude tops $110 and Asia bleeds

  

  Nifty falls 1%, Sensex sheds 691 pts as crude tops $110 & Asia bleeds

  Equity benchmarks opened sharply lower on Thursday as surging crude oil prices and fresh geopolitical flashpoints in the West Asia weighed on sentiment.

• October 22, 2026 10:02

  Rupee falls 12 paise to 94.50 against US dollar in early trade

  

  Rupee falls 12 paise to 94.50 against US dollar in early trade

  Rupee slips 12 paise to 94.50 against USD in early trade as weak equities and higher crude weigh, with mixed cues from global yields and oil.

• October 22, 2026 09:53

  RBI minutes reveal split over rate hikes, with inflation risks mounting

  

  RBI divided over further rate hikes as inflation nears top of tolerance band

  RBI meeting minutes reveal differences over further rate hikes as inflation nears the tolerance band, with economists expecting increases in December and February.

• October 22, 2026 09:52

  Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook

  

  Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook

  Gold falls over 1% as oil rally boosts swap for higher-for-longer rates ahead of Fed, oil-driven inflation fears, and PCE data.

• October 22, 2026 09:52

  Crude oil futures trade higher following intensified Houthi attacks on Saudi Arabia

  Crude oil futures traded higher on Thursday morning after the Houthis intensified their attacks on Saudi Arabia. At 9.28 am on Thursday, December Brent oil futures were at $110.69, up by 1.72 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $98.52, up by 1.41 per cent. November crude oil futures were trading at ₹9343 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹9208, up by 1.47 per cent, and December futures were trading at ₹9195 against the previous close of ₹9067, up by 1.41 per cent.

• October 22, 2026 09:51

  Major corporate actions ahead

  Fusion CX is set to make stock market debut today, October 22. The issue price is fixed at Rs. 289 per share.

  Automobile Corporation of Goa has approved the proposal to buy back up to 1,44,639 equity shares, representing up to 0.95% of equity shares, at a price of ₹2005 per Equity Share for an aggregate amount of up to ₹29 Crores, on a proportionate basis through the “tender offer” route.

  Dividend

  22-Oct-26

  TIPSMUSIC: Interim Dividend - Rs. - 6.50

  ANGELONE: Interim Dividend - Rs. - 1.40

  23-Oct-26

  IRFC: Interim Dividend - Rs. - 1.15

  TECHM: Interim Dividend - Rs. - 15.00

  360ONE: Interim Dividend - Rs. - 7.50

  ICICIGI: Interim Dividend - Rs. - 7.00

  HDBFS: Interim Dividend - Rs. - 2.00

  AEPL: Interim Dividend - Rs. - 0.0060

  GARUDA: Interim Dividend - Rs. - 0.03

  LTM: Interim Dividend

  IPO

  Jio Platforms: Open: 21-Oct-26; Close: 23-Oct-26

  Paras Healthcare: Open: 21-Oct-26; Close: 23-Oct-26

  EAAA India Alternatives: Open: 26-Oct-26; Close: 28-Oct-26

  SFC Environmental Technologies: Open: 27-Oct-26; Close: 29-Oct-26

  BLS Polymers: Open: 27-Oct-26; Close: 29-Oct-26

  Buyback

  VRL Logistics: Ex-Date: 22-Oct-26

  Transport Corporation of India: Open: 15-Oct-26; Close: 22-Oct-26

  Bonus Issue

  Titan Biotech: Bonus Issue 1:4; Ex-Date: 23-Oct-26

  Stock Split

  JSW Dulux: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Oct-26

  Azad India Mobility: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 23-Oct-26

  Midaas Fashions: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 26-Oct-26

  Meenakshi India: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 30-Oct-26

  Galaxy Agrico Exports: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 30-Oct-26

  Gujarat Natural Resources: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 05-Nov-26

  Knowledge Marine & Engineering Works: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 06-Nov-26

  Right Issue

  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

  Shivam Autotech: Open: 22-Oct-26; Close: 19-Nov-26

  Open Offer

  Premier Explosives: Open: 12-Oct-26; Close: 26-Oct-26

• October 22, 2026 09:49

  Hyundai, Maruti, Tata Motors PV and M&M in focus: BofA

  Hyundai, Maruti, Tata Motors PV and M&M in focus – 14% drop in registration

  Early data points from Vahan registrations suggest mixed trends

  PVs are lagging, with registrations down 14% YoY

  Discounts stepping up, particularly in SUVs

  Commercial segments, trucks are trending up almost 50% YoY, albeit on a benign CV base

  2Ws appear to be holding up well despite a high base, with 6% YoY growth

  Tractors appear steady as well

• October 22, 2026 09:48

  Market review by Vikram Subburaj, CEO, Giottus.com

  Bitcoin is trading around $84,700, extending its recovery as risk appetite improves. Immediate resistance lies around $84,850. A sustained break above this level could open the way towards 87,000-87,400. Support is near 83,000-83,550, followed by 81,700-82,000. The recovery remains vulnerable if Bitcoin fails to hold these support zones.

  ETF flows show tentative improvement. US spot Bitcoin ETFs recorded net outflows of $228.4 million between October 12 and 16. They then attracted $526.7 million on October 19, followed by a further $23.2 million in net inflows on October 20. The rebound points to renewed institutional interest, although flows remain volatile and need to stay positive to confirm a stronger trend.

  On-chain indicators offer a mixed picture. The latest available readings showed Bitcoin’s MVRV at 1.5249 and NUPL at 0.3442 on October 14. SOPR stood at 0.9987, indicating that recently moved coins were being spent at a slight aggregate loss. Around 63.37% of supply had remained unmoved for at least a year as of October 20. These figures are delayed and do not rule out further volatility.

  Large-cap altcoins are mostly higher. Ethereum traded near $2,475, up 0.90% over 24 hours. BNB was around $749, up 1.31%. XRP stood near $1.39, up 4.73%, while Solana traded around $108, up 1.94%. TRON was near $0.33, down 0.17%. These are indicative snapshots and may vary by timestamp.

  Macro conditions remain important. A Reuters poll found that 94 of 100 economists expected the US Federal Reserve to hold rates at 3.75%–4.00% at its October 27–28 meeting. All respondents expected a rate increase in December. Inflation and energy prices remain key risks.

  Our advice: Investors should avoid chasing the rebound. Watch Bitcoin’s resistance near $84,850, ETF flows and Fed signals before increasing exposure.

• October 22, 2026 09:48

  Commodities market: Mudrex Lead Quant Analyst Akshat Siddhant's take

  Gold retreated toward $4,120/oz as the Saudi Aramco drone strike reignited oil-driven inflation concerns and pushed Treasury yields higher. While markets assign less than a one-in-six chance of a Fed hike next week, expectations of a December increase remain firm. Silver also weakened to around $57.5/oz, hovering near multi-week lows. Meanwhile, WTI crude held near $98/barrel after briefly crossing $100, with stronger Middle East crude flows offsetting renewed supply concerns. On the currency front, the rupee strengthened 53 paise to a six-week closing high of ₹94.38/$, supported by RBI intervention.

• October 22, 2026 09:45

  BitDelta India Lead Analyst Purvang Mashru on the crypto market

  Bitcoin gained 1.7% to about $84,268 and Ethereum rose 1.1% to $2,477. Eight of top ten cryptos by market cap advanced. XRP led with a 2.2% gain, while Avalanche and TRX declined. The equal-weight of these top ten cryptos rose 0.82%, less than Bitcoin.

  The advance was broad, but closing quality weakened. Only Bitcoin and BNB finished in the upper 30% of their daily ranges, down from eight assets a day earlier. Ether and Solana ended near their midpoints, while TRX closed near the bottom of its range.

  The macro backdrop was supportive but mixed. The S&P 500 gained 0.58%, the Nasdaq rose 1.05% and the dollar index eased 0.14%.

  The completed 20 October US fund session added $23.2 million to Bitcoin ETFs and lost $26.1 million from Ether ETFs.

  Bitcoin support is near $84,000 and $82,537, with resistance around $84,850. Clearing resistance alongside stronger altcoin closes would strengthen the setup. Losing $84,000 would weaken it, and a break below $82,537 would invalidate the recovery.

• October 22, 2026 09:44

  Delta Exchange Research Analyst Riya Sehgal on the markets

  Bitcoin’s rebound toward $84.6K over the last 24 hours was supported by improving risk sentiment, stronger US equities and a sizeable short squeeze. SpaceX’s stronger-than-expected Q3 earnings helped revive confidence in the broader tech and AI trade, while roughly $110 million in crypto shorts were liquidated over a four-hour window as BTC pushed through the $84K area.

  However, the key takeaway is that Bitcoin moved higher but failed to sustain the breakout. After testing roughly $84.3K–$84.6K, BTC faced renewed selling pressure and slipped back toward $82.9K. Despite the rejection, the 4-hour structure remains relatively constructive, with price still holding around the key EMA cluster between roughly $82.1K and $82.9K.

  As long as $82K–$82.5K holds, another attempt toward $84K–$84.5K remains possible. A sustained breakout above that zone could reopen the path toward $86K–$87.7K, while a break below $82K would increase the risk of a deeper retracement toward $81.2K–$80K.

  Ethereum continues to look weaker than Bitcoin after being rejected near its 4-hour 200 EMA around $2,510. ETH is now near $2,440, with $2,430–$2,450 acting as the immediate decision zone. Bulls need to reclaim $2,485–$2,510 to improve the short-term structure.

  Overall, the market remains selective rather than fully risk-on. Bitcoin’s rejection shows sellers are still active at higher levels, while ETH and several major altcoins continue to lag.

• October 22, 2026 09:42

  Stock market today: Equity preview

  Adani Green (ADANIGR): 2Q Net Income 6.73B Rupees Vs. 5.83B Rupees Y/y

  Bharat Electronics (BHE): Wins INR10.11b orders since Oct. 13

  Eternal (ETERNAL): 2Q Net Income +92% Y/y to INR1.25b, Misses Estimates

  Indian Hotels (IH): 2Q Net Income +22% Y/y to INR3.49b, Misses Estimates

  KEI Industries (KEII): 2Q Net Income +28% Y/y to INR2.62b, Misses Estimates

  M&M Financial (MMFS): 2Q Net Income +55% Y/y to INR8.81b, Beats Estimates

  New Delhi Television (NDTV): Board to consider debt securities issuance on Oct. 26

  Persistent Systems (PSYS): Updates QIP floor price to INR5,761/share

  Powerica (PWRL): Wins 50MW power project for 25 years from Gujarat Urja Vikas Nigam

  SRF Ltd. (SRF): 2Q Net Income +31% Y/y to INR5.09b, Misses Estimates

  Tata Communications (TCOM): Says Spain court rules in favor of unit in VAT case demand of €15.5M and penalty

  Vishal Mega Mart (VMM): 2Q Profit Rises 3.9% Y/y to INR1.58b; Shrs Extend Fall

  Zydus Lifesciences (ZYDUSLIF): Zylidac Bio, Prolific Machines partner on Biologics

• October 22, 2026 09:42

  Earnings of major companies (net income adj. ests. in INR where available):

  * Adani Energy Solutions Ltd. (ADANIENS IN) 2Q 10.8b (6 analysts)

  * Adani Total Gas Ltd. (ATGL IN) 2Q

  * Chennai Petroleum Corp. (MRL IN) 2Q 20.1b (2)

  * CIE Automotive India Ltd. (CIEINDIA IN) 2Q 2.35b (4)

  * Colgate-Palmolive India Ltd. (CLGT IN) 2Q 3.68b (23)

  * CreditAccess Grameen Ltd. (CREDAG IN) 2Q 4.83b (9)

  * Cyient Ltd. (CYL IN) 2Q 1.54b (17)

  * Havells India Ltd. (HAVL IN) 2Q 3.39b (14)

  * Hindustan Petroleum Corp. (HPCL IN) 2Q 20.5b loss (22)

  * Jammu & Kashmir Bank Ltd. (JKBK IN) 2Q

  * Jindal Stainless Ltd. (JDSL IN) 2Q 8.24b (12)

  * Nippon Life India AM (NAM IN) 2Q 4.19b (16)

  * Nuvoco Vistas Corp. (NUVOCO IN) 2Q 442m (9)

  * Rallis India Ltd. (RALI IN) 2Q 629.8m (8)

  * Sagility Ltd. (SAGILITY IN) 2Q 2.67b (9)

  * Sapphire Foods India Ltd. (SAPPHIRE IN) 2Q 59.4m loss (12)

  * Swiggy Ltd. (SWIGGY IN) 2Q 8.71b loss (22)

• October 22, 2026 09:41

  Meta Q3 revenue rises 26% to $64.6 billion, net income jumps 264%

  

  Meta Q3 revenue rises 26% to $64.6 billion, net income jumps 264%

  Meta Platforms posts Q3 revenue up 26% to $64.6B with 264% net income surge to $9.86B, driven by ads and AI investments despite higher expenses.

• October 22, 2026 09:40

  Crude oil futures rise as Houthis intensify attacks on Saudi Arabia

  

  Crude oil futures rise as Houthis intensify attacks on Saudi Arabia

  December Brent oil futures were at $110.69, up by 1.72%, and December crude oil futures on WTI (West Texas Intermediate) were at $98.52, up by 1.41%

• October 22, 2026 09:40

  Stock in focus: Sagility

  JPMorgan on Sagility

  Recommendation: Overweight, Target: ₹58 

  Tuck-in acquisition in the providers segment; right strategy in our view 

  It helps expand the mid-revenue cycle services 

  Acquiring it at Ev of $32.3mn implying Ev/Revenues of 3.6x, higher than the 0.8x it paid for Broadpath 

  However we believe its Ev/Ebitda multiple could be ~10x vs Broadpath’s ~8x 

  Should add 0.6%/1% to Fy27/Fy28 revenues and estimate it to be margin accretive

• October 22, 2026 09:39

  Stock market updates: Jefferies on India Strategy

  Organised sector employment growth moderates 

  Organised sector job creation slowed to a five-year low of 1.8% YoY in Fy26 

  Hiring moderated across most sectors, particularly financials 

  Despite slower headcount additions, wage growth improved modestly with estimated salary hikes rising to 9.4% 

  Higher revenue growth expected in Fy27 could thus support hiring and consumption 

  Though weak monsoon and Gst benefits entering the base remain headwinds 

  8th Pay Commission could boost consumption in Fy28 

  Discretionary consumption may outperform broad-based consumption

• October 22, 2026 09:38

  Stock market today: UBS on Autos

  Festive retail trends: High base pushes cars to a -17% decline while 2Ws growth moderates to +5% 

  2Ws: Tvs/Honda gain 140 bps/50 bps as scooters/premium do well 

  Hero/Bajaj lose as commuters struggle 

  Tvs gains across Ice/Ev while Bajaj loses out on both 

  Cars: M&M seeing strong gains but will wait for month end for firm trend

• October 22, 2026 09:38

  Omnitech Engineering secures new orders from Indian defence organisations

  Omnitech Engineering Ltd has secured commercial orders from leading Indian defence-sector organisations to manufacture and supply precision-engineered components and sub-assemblies for critical defence applications. 

  The orders cover land-based systems and advanced sub-systems, strengthening the company’s aerospace and defence manufacturing portfolio. 

• October 22, 2026 09:37

  Stock in focus: Adani Green

  Cantor on Adani Green

  Recommendation: Overweight, Target: ₹1553 

  Execution remains strong on a broadly in-line Q2 

  The key debate is shifting from commissioning to monetization 

  Management continues to report net debt/run-rate EBITDA at 5.6x 

  Reinforces thesis, given continued capacity additions, accelerating storage deployment, and strong generation growth

  Morgan Stanley on Adani Green

  Recommendation: Overweight, Target: ₹1525 

  Healthy beat; 2%/8% beat on revenue/EBITDA, underpinning a strong PAT beat 

  Wind and hybrid CUFs in particular surprised, and were significantly stronger YoY 

  Key monitorables in the earnings call: Merchant realisations, BESS contribution and scale up over FY27, impact of curtailment

• October 22, 2026 09:37

  Stock in focus: Vishal Mega Mart

  Jefferies on Vishal Mega Mart

  Recommendation: Buy, Target: ₹130 (Earlier Target: ₹160) 

  Festive shift weighs on Q2; Outlook remains intact 

  Strong stage for Q3 

  Mgmt reiterated double digit full-year Sssg, with higher apparel mix in Q3 to support margin 

  Store expansion remains on track 

  Quick commerce continues to scale & newer format Belong & Co. is seeing encouraging response

  Morgan Stanley on Vishal Mega Mart

  Recommendation: Overweight, Target: ₹146 

  Broad-based miss; impact of festive shift greater than expected 

  Reiterated Fy27 double-digit Sssg target, implying lower growth in Q2 to be compensated in Q3 

  No customer demand moderation seen so far across regions 

  No further price hikes needed, at current levels of inflation 

  Confident on being able to maintain YoY margins in Fy27, aided by cost re-engineering

• October 22, 2026 09:36

  Stock in focus: SRF

  Jefferies on SRF

  Recommendation: Hold, Target: ₹2540 

  Q2: Miss led by Chemicals 

  Chemicals Ebit was below due to margin pressures in Specialty Chemical 

  Refrigerant gas continued its strong performance 

  Packaging Films and Technical Textiles Ebit was below as margins gave up inventory gains from Q1

  Morgan Stanley on SRF

  Recommendation: Underweight, Target: ₹2260 

  Non Fluoro verticals drag 

  Consolidated gross margin fell reflecting both raw material cost inflation and seasonal/sequential demand softness after a very strong Q1 

  Chemicals segment was broadly in-line, with Srf citing robust refrigerant sales volumes 

  Stay cautious near term as we expect India’s R-32 supply to expand materially into 2027

  UBS on SRF

  Recommendation: Sell, Target: ₹2300 

  Chemicals business revenue grew but margins declined amid pricing pressure/China overcapacity in specialty chemicals 

  Refrigerant volumes/pricing remained robust

• October 22, 2026 09:36

  Stock in focus: Indian Hotels

  Nomura on Indian Hotels

  Buy, TP Rs 850

  Robust 2QFY27; expect mid- high-teens consolidated EBTIDA growth in 2HFY27F and FY28F

  2QFY27 consolidated revenue/ EBITDA up 22%/ 24% y-y and 5%/3% ahead of consensus

  Consolidated revenue growth guidance for FY27E revised upward to 15-17% y-y (from 12- 14% y-y)

  Management guides FY27E hotel revenue to grow 17-19% y-y

  Elara Capital on Indian Hotels

  Recommendation: Buy, Target: ₹922 (Earlier Target: ₹786) 

  Upgrades Indian Hotels Company from Accumulate to Buy 

  A structural demand-supply mismatch is expected to drive Revpar growth over the next 18 months 

  Revenue grew 22%, beating estimates by approximately 6 percentage points 

  The target price is based on a sum-of-the-parts valuation with earnings rolled forward to H1Fy29e

  Goldman Sachs on Indian Hotels

  Recommendation: Buy, Target: ₹890 (Earlier Target: ₹870) 

  Q2: Large beat on Revpar, Fy27 revenue guidance raised 

  Fy27 guidance raised, H2 visibility should ease some investor concerns 

  Likely to provide detailed long-term guidance for hotel additions in November 

  Earlier target of 700 portfolio hotels by Fy30 will be complete well ahead of schedule

  Jefferies on Indian Hotels

  Recommendation: Buy, Target: ₹900 (Earlier Target: ₹875) 

  Fully booked for growth 

  Delivered a standout quarter, driven by strong Revpar, Mice, renovated assets & new biz 

  Mgmt’s 300bps Fy27 rev guidance upgrade reinforces confidence in underlying momentum, supported by events, weddings & asset-light growth 

  Raise Fy27-Fy29 Ebitda/Pat by ~1-5%, building 19% Eps Cagr over Fy26-Fy29e, also incorporating recent Ohl consolidation

• October 22, 2026 09:35

  Stock in focus: M&M Fin

  CLSA on M&M Fin

  O-P, TP Rs 405

  Delivered another strong quarter, with 2QFY27 PPOP/PAT beating estimates by 5%/12%, driven by higher fees and lower credit costs.

  PPOP growth was a healthy 20% YoY.

  Calculated net slippages declined c.15bps YoY and the stage 2 + 3 loans ratio declined to a multi-year low.

  Disbursement growth has accelerated over the past two quarters and should translate into stronger AUM growth in the coming quarters.

  That said, a largely fixed-rate loan book and c.50% floating-rate borrowings could put pressure on spreads in a rate hike cycle.

  CITI on M&M Fin

  Buy, TP Rs 420 from Rs440

  Despite 30bp NIM compression, contained credit costs (at 1.55%, seasonally weak quarter), fee/assets of 1.6%, and slight opex moderation sustained RoA at 2.2%, with PAT up 55% YoY (-2% QoQ), surpassing CitiE.

  Company navigated 1H volatility well augmenting underwriting scorecards, portfolio monitoring, and collections.

  GS3/GS2 improved to 3.42%/4.7% (vs 3.45%/4.87% in 1Q, 3.41%/4.76% QoQ) on higher CE of 97% (vs 95%/96% YoY/QoQ).

  Loan spreads narrowed 30bps as growth tilted toward trade advances (incremental 3% QoQ delta) & lifted liquidity to 10% of balance sheet size.

  Disbursements rose 22% YoY, broad-based across PV (+28%), pre-owned vehicles (+15%), CV/CE (+16%), and tractors (+13%), driving 15%+ AUM growth.

  Notwithstanding rural headwinds, resilient 1H credit costs reinforce management’s confidence in retained guidance.

  Nomura on M&M Fin

  Buy, TP cut to Rs 400

  Asset quality holding up well

  2QFY27 net profit: 14% vs estimates

  Trim net profit estimates by 1-9% over FY27-29F;

  Insurance distribution reform a risk

  HSBC on M&M Fin

  Buy TP cut to Rs 340

  Healthy operating performance driven by higher fee income and lower credit cost led to beat in our 2QFY27 estimates

  Tweak FY27-29e EPS estimates to reflect higher AUM growth outlook but rising pressure on NIM and fees

  Lower TP at an implied valuation at 1.5x FY28e BVPS (from 1.7x)

  Jefferies on M&M Finance

  Recommendation: Hold, Target: ₹330 (Earlier Target: ₹365) 

  Q2: Slight profit miss; Margin headwind and asset quality risks ahead 

  Nims fell due to drag from trade advances & higher liquidity buffer 

  Aum should grow at 15% Cagr over Fy26-28e, but rising rates can pressure Nims 

  Tighter insurance norms pose fee income risks 

  Asset quality was steady, but stress can rise given weak monsoon

• October 22, 2026 09:34

  Stock in focus: Eternal

  JPM On Eternal

  OW, TP Rs 420 from Rs390

  Eternal’s 2Q print beat across FD and QC NOV but missed cons Ebitda on both.

  FD NOV growth continued to accelerate for the fifth consecutive quarter to reach 21% YY driven by rising MTCs as well as order frequency.

  Eternal appears confident of sustaining at least 20% YY growth in FD by holding margins flat over the next 1-2 years.

  Blinkit NOV growth accelerated to 22% QQ while adj Ebitda margins improved 30bps QQ to 0.9% of NOV.

  Confidence on FY29 QC NOV guide (60% CAGR) was reiterated with upgrades to Mar’27 DS target to 3500 (from 3000) & new Mar 28 target of 5000 stores

  Confidence stems from recovering payback periods despite competition and success in smaller cities and new stores around newer categories

  CLSA on Eternal

  High Conviction O-P, TP Rs 506

  2Q broadly in-line with better growth and the contribution for Blinkit and Zomato.

  Blinkit’s adj. Ebitda missed (lofty) expectations as Blinkit accelerated store additions, especially in smaller towns.

  Management also guided for a flattish near-term adj. Ebitda margin for Zomato as it re-invests in growth.

  Consequently, make significant changes (38%-78% to FY27-29 PAT) to reflect a faster store roll-out & marketing expenses

  Now believe steady-state profitability will be achieved in FY29 (not FY28 as assumed before).

  CITI on Eternal

  Buy, TP Rs 385

  Co shifted gears up on investments in Quick Commerce: raising store guidance to 3.5k by Mar’27 (from 3k) and 5k by Mar’28.

  MTU addition continues to accelerate: +5.2mn in 2Q (4.6mn in 1QFY27 and avg. 3.4 mn/qtr in FY26), primarily led by smaller towns and cities where Eternal is entrenching its first mover advantage.

  2Q was slightly ahead on top-line (FD/QC NOV growth at 21% YoY/22% QoQ vs Citi: 20%/20%) but QC Adj EBITDA missed high ests.

  (Citi/Consensus: Rs2.6bn/Rs1.8bn), at Rs1.8bn due to escalation in growth investments (customer acquisitions and dark stores).

  Commentary bullishness on competitive positioning, near-term growth, degree of discretion in balancing growth-margin matrix was high

  Jefferies on Eternal

  Recommendation: Buy, Target: ₹430 (Earlier Target: ₹415) 

  Limitless - Zomato + Blinkit + District + dark.ai 

  Eternal is stepping on the accelerator: faster Blinkit store rollout with improving economics 

  See >20% Fd growth, & rising confidence in District 

  Beyond Q2, the key excitement & monitorable is the Ai platform (dark.ai) 

  Not much is known today, & the outcome could be binary, but we like the experimental Dna

  Macquarie on Eternal

  Recommendation: Underperform, Target: ₹225 

  Continued strong execution 

  Management raised its store guidance to >3,500 by Mar-27 from 3,000 earlier 

  Acknowledge that consistent execution supports consensus expectations 

  Prefer Eternal over Swiggy and rate Eternal Underperform given what we believe is already priced in

  Morgan Stanley on Eternal

  Recommendation: Overweight, Target: ₹417 (Earlier Target: ₹373) 

  Names it an Analyst Top Pick 

  Quick commerce monthly transacting customer growth continues to surprise positively, driven by strength in smaller cities 

  The weighted target price increased by 12%, led by an approximate 16% lift in base case value

  UBS on Eternal

  Recommendation: Buy, Target: ₹390 

  Q2FY27 – quick commerce beats estimate; Store targets raised 

  Food delivery margins flattening out 

  Sounded confident on competition in quick delivery 

  Expect both dark store and growth to accelerate incoming quarters

• October 22, 2026 09:32

  Stock market today: Goldman Sachs on Shipbuilding

  Mazagon Dock – Initiate Sell with TP of Rs 1855 

  Garden Reach Shipbuilders – Initiate Sell with TP of Rs 1515 

  Uncertainty around orders, decline in near-term earnings imply further downside 

  Mazagon Dock - Low book/bill in a long gestation period business; major re-rating events look to be over 

  Garden Reach - Earnings decline imminent as key Ngc order get delayed

• October 22, 2026 09:31

  Krsnaa Diagnostics partners AZmed to evaluate AI-powered fracture detection on X-rays

  Krsnaa Diagnostics Ltd has partnered with medical imaging company AZmed to evaluate its AZtrauma solution for detecting and triaging fractures, joint effusions and dislocations on X-rays.

  The solution is part of AZmed’s Rayvolve AI suite. The collaboration aims to assess how AI-assisted radiology can improve reporting efficiency, operational productivity and utilisation of radiologist capacity.

• October 22, 2026 09:31

  Magellanic Cloud subsidiary emerges L1 bidder for Bank of Maharashtra e-surveillance project worth ₹115 crore

  Magellanic Cloud Ltd said its wholly owned subsidiary, Provigil Surveillance Ltd, has emerged as the lowest (L1) bidder in a Bank of Maharashtra tender for e-surveillance solutions across more than 1,550 sites. The project is valued at approximately ₹115 crore.

• October 22, 2026 09:30

  Stock market update: Nomura on Aluminum

  Nomura on Vedanta Aluminum

  Initiate Buy on Vedanta Aluminum – TP Rs 500

  Believe its cost structure is undergoing favorable reset dynamics

  Nomura on Hindalco

  Initiate Buy on Hindalco – TP Rs 1100

  Believe the company is capitalizing on expansion projects that the market has not yet fully recognized

  Nomura on NALCO

  Initiate Neutral on Nalco – TP Rs 320

  Limited growth initiatives and unfavorable earnings composition

  Differentiated approach reflects conviction that value creation in aluminum will increasingly depend on resource control & operational efficiency rather than commodity price exposure.

• October 22, 2026 09:29

  List of stocks that closed below their previous 52-week lows on 21 October 2026

  Vishal Mega Mart 

  SJVN 

  RCF 

  GMDC 

  NBCC 

  Jupiter Wagons 

  KEC international 

  Yes Bank 

  Muthoot Finance 

  SRF 

  Swiggy 

  EID Parry 

  Railtel Corporation 

  Cochin Shipyard 

  Godawari Power 

  ITI 

  Voltas 

  Dmart 

  TVS Holdings 

  DOMS Industries 

  Tube Investment 

  Max Healthcare Institute 

  Sammaan Capital 

  NTPC 

  Jubilant FoodWorks 

  ICICI Life Insurance 

  Biocon 

  HUDCO 

  NMDC 

  Max Financial Services 

  BBTC 

  Ramco Cement 

  Britannia industries 

  Godfrey Phillips 

  Fortis Healthcare 

  MRF 

  Timken 

  NSDL 

  Ircon International 

  CG Consumer Electricals 

  Globus Spirits 

  Liberty Shoes 

  Sharda Cropchem 

  Anup Engineering 

  Praj Industries 

  Hi-tech Gears 

  Shakti Pumps 

  Campus Activewear 

  Aurionpro Solutions 

  MOIL 

  Camlin Fine Sciences 

  Greenpanel Industries 

  Vinati Organics 

  Sanofi India 

  GM Breweries 

  India Pesticides 

  GIC Housing Finance 

  Star Cement 

  Mas Financial Services 

• October 22, 2026 09:28

  SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows

  

  SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows

  The company revived plans in March ‌2023 with a confidential filing before ​postponing the offering for a third time in ⁠May

• October 22, 2026 09:27

  India’s private investment pipeline hits ₹99.7 lakh crore as IT services and power lead growth

  

  India’s private capex pipeline rises 39% to ₹99.7 lakh crore, but risks persist

  India’s private capex pipeline rose 39% to ₹99.7 lakh crore in September 2026, led by IT services and power, but concentration and execution risks remain.

• October 22, 2026 09:27

  Crypto market testing higher price levels while absorbing selling pressure: Avinash Shekhar, Co-Founder & CEO, Pi42

  “Bitcoin’s move above $84,000 before pulling back towards $82,000, reflects a market that is testing higher price levels while absorbing selling pressure. The encouraging sign is that Bitcoin has maintained a substantial recovery from its recent lows, while renewed trading activity suggests participants are actively positioning for the next move. Nearly $270 million in crypto positions were liquidated over 24 hours, predominantly short positions, while Bitcoin’s open interest rose 4.54%. This points to increased market participation, although sustained spot buying will be important to support further upside.

  The regulatory backdrop is also evolving positively. The US Office of the Comptroller of the Currency has finalised rules under the GENIUS Act, setting requirements for permitted payment stablecoin issuers. Clearer standards around reserves, redemptions and supervision could help strengthen confidence in the stablecoin ecosystem and support its integration into mainstream financial services.

  For investors, the pullback towards $82,000 need not negate the significance of Bitcoin’s move above $84,000. Consolidation after testing resistance can allow the market to absorb profit-taking and establish a stronger base for its next move. If buying demand returns and Bitcoin reclaims the $84,000 to $84,800 range, it could create room for another attempt higher. The focus now is on whether the market can turn this recent momentum into a sustained recovery.”

• October 22, 2026 09:19

  Nestle India responds to FSSAI notice over Lactogen Pro 1 labelling claim

  

  Lactogen Pro 1 labelling: Nestle India responds to FSSAI’s scientific evidence demand

  The regulator has also scrutinised immunity and digestion claims, as well as digital promotions involving infant milk substitutes and their purported benefits.

• October 22, 2026 09:07

  Rupee opens little changed at 94.47 per US dollar; previous close 94.46

• October 22, 2026 08:02

  Q2 FY27 results announced on 21-10-2026: A snapshot

  Q2FY27 RESULTS SNAPSHOT – 21 OCTOBER 2026

  Good / Decent / Strong Results

  1. YASH HIGHVOLTAGE – BLOCKBUSTER

  - Order book reached ₹760 Cr as of September 30, 2026.

  - Order book grew 90% from ₹400 Cr in March 2026.

  - Order book increased 5.1x from ₹150 Cr in March 2025.

  - Jarod facility’s RIP and RIS bushing manufacturing targeted for Q3FY27 commissioning.

  2. ETERNAL – SOLID PERFORMANCE

  - NOV B2C business grew 54%.

  - Adjusted EBITDA increased 197%.

  - Quick commerce store target raised to 3,500 by March 2027.

  - Around 5,000 stores planned by March 2028.

  - Three-year NOV CAGR guidance retained at 60%.

  - Q2 growth moderated to ~79% YoY amid a higher base.

  3. INFINITY INFOWAY – SOLID PERFORMANCE

  4. AYE FINANCE – STRONG GROWTH

  - AUM increased 26% YoY.

  - NII grew 40%; PPOP increased 54%.

  - PAT surged 151%.

  - Lending moderated in drought-affected regions.

  - Management remains confident of achieving FY27 guidance.

  5. INTERNATIONAL GEMMOLOGICAL INSTITUTE – SOLID PERFORMANCE

  - Certification revenue increased 32%.

  - Certification volumes grew 26%.

  - Average realised price increased 4%.

  - EBITDA grew 39%; PAT increased 43%.

  - Management expects full-year outperformance versus original guidance.

  - Revenue growth outlook improved from the initial 15% target.

  6. NURECA – DECENT PERFORMANCE

  - Revenue increased 55%.

  - EBITDA grew 59.7%.

  - PAT increased 11.7%.

  - Lower other income moderated PAT growth.

  7. PC JEWELLER – DEBT-FREE, EXPANSION PLANNED

  - Fully repaid outstanding debt to 14 consortium banks.

  - Interest costs expected to decline significantly from H2FY27.

  - Plans up to 100 showrooms over 12–18 months.

  - Expansion includes company-owned and asset-light franchise models.

  8. INDIAN HOTELS COMPANY – DECENT PERFORMANCE

  - EBITDA increased 21%.

  - Standalone RevPAR grew 28%.

  - Hotel segment revenue increased 24%.

  - Standalone occupancy reached 82% versus 75% YoY.

  - FY27 consolidated revenue growth guidance raised to 15–17%.

  - Hotel segment revenue growth guidance stands at 17–19%.

  9. KEI INDUSTRIES – DECENT PERFORMANCE

  - Domestic wires and cables business grew 45.76%.

  - Exports expected to grow substantially.

  - Strong order book supports overseas business prospects.

  - Demand strengthening across key international markets.

  10. LMW – SOLID PERFORMANCE

  - Margin expansion reported.

  11. MAHINDRA & MAHINDRA FINANCIAL SERVICES – STRONG GROWTH

  - Business AUM increased 15%.

  - Disbursements grew 22%.

  - PPOP increased 20%.

  - PAT surged 55%.

  12. WENDT INDIA – DECENT PERFORMANCE

  - Revenue increased 28%.

  - EBITDA grew 58.5%.

  - PAT increased 103.33%.

  13. ORIENTAL RAIL INFRASTRUCTURE – GOOD PERFORMANCE

  14. ADANI GREEN ENERGY – DECENT PERFORMANCE

  - Power supply revenue increased 45% YoY.

  - Power supply EBITDA grew 51%.

  - Operational capacity increased 24% to 20,763 MW.

  - Added 3,081 MWh BESS capacity at Khavda during Q2.

  - Total installed BESS capacity reached 6,632 MWh by H1FY27.

  15. SWASTIKA INFRA – Q1 WEAK, Q2 SOLID

  - Q1 execution slowed amid component price volatility and supply uncertainty.

  - Management prioritised balance-sheet protection during geopolitical disruptions.

  - EBITDA margin benefited from a one-time project mix shift.

  - Full-year EBITDA margin expected to normalise around 14%.

  - FY27 closing order book target stands at ~₹2,000 Cr.

  - Current order book stands at approximately ₹1,420 Cr.

  16. SONAM – STRONG GROWTH, MARGIN PRESSURE

  - Revenue surged 313.12%.

  - EBITDA increased 160%.

  - PAT grew 316.80%.

  - Margins declined.

  ---

  Weak / Poor Results

  1. ADITYA BIRLA SUN LIFE AMC

  - Mutual fund QAAUM increased 4%.

  - Equity QAAUM grew 9%.

  - Operating PBT declined 6% YoY.

  - Peer performance reportedly remains stronger.

  2. WELSPUN SPECIALTY SOLUTIONS

  - Margin declined.

  3. AUTOMOBILE CORPORATION OF GOA

  - Margins declined.

  - International bus business volumes remain challenging.

  - Middle East geopolitical developments continue affecting demand.

  4. INDOSOLAR

  5. MARATHON NEXTGEN REALTY

  ---

  Mixed / Neutral / Average Results

  1. VISHAL MEGA MART – BELOW AVERAGE

  - Operating EBITDA increased 3.7%.

  - Operating deleverage affected margins.

  - Festive buying shifted from Q2 to Q3.

  - Reported SSSG stood at 5.4%.

  - Adjusted SSSG estimated around 9%.

  - Festive demand momentum strengthened heading into Diwali.

  2. MAHINDRA HOLIDAYS & RESORTS INDIA – AVERAGE

  3. SRF – GROWTH WITH MARGIN PRESSURE

  - Revenue increased 34.72%.

  - EBITDA grew 22.18%.

  - PAT increased 31.16%.

  - Chemicals business revenue grew 25%.

  - Chemicals operating profit increased 10%.

  - Specialty chemicals faced pricing and Chinese overcapacity pressures.

  - Geopolitical developments continue shaping the operating environment.

  4. ADOR WELDING – MARGIN PRESSURE

  - Revenue increased 22.64%.

  - EBITDA grew 8.55%.

  - EBITDA growth lagged revenue growth.

  5. RAJRATAN GLOBAL WIRE

  - Margin declined.

• October 22, 2026 08:01

  Stock market outlook for today by Ponmudi R, CEO of Enrich Money

  Indian equity markets are likely to open on a cautious note and remain under pressure, as persistently high crude oil prices and escalating geopolitical tensions weigh on investor sentiment. WTI crude is trading near $98 a barrel, while Brent has moved above $110, keeping macroeconomic risks firmly in focus. The prospect of sustained energy-price pressures could temper hopes of a durable recovery in domestic equities.

  Escalating US–Iran tensions and reports of attacks on Saudi infrastructure have heightened concerns over prolonged disruptions to Middle Eastern energy supplies. Uncertainty surrounding the Strait of Hormuz remains a key risk, with any further escalation likely to push crude prices higher and trigger renewed volatility across global markets. A meaningful easing of tensions, however, could help moderate the risk premium embedded in oil prices.

  On the domestic front, quarterly earnings from heavyweight companies may provide pockets of support, although the broader market outlook remains fragile. Investors are likely to focus on earnings quality, management guidance and foreign institutional investor (FII) flows for signs of whether the recent attempt at recovery can gain traction amid an increasingly challenging external environment.

  Asian markets are trading lower in early deals, with Japan’s Nikkei 225 down around 0.30% and South Korea’s KOSPI falling more than 1%, signalling a weak regional backdrop for Indian equities. With elevated oil prices, geopolitical uncertainty and corporate earnings likely to shape sentiment, domestic benchmarks may remain volatile, with the sustainability of any recovery hinging on global cues and the extent of buying support at lower levels.

• October 22, 2026 08:00

  Aditi Nayar, Chief Economist, ICRA Ltd on India's core output

  “Core output rose by a robust 7.9% in September 2026, the fastest pace in the new series, with a favourable base supporting the improvement from the upward revised 5.9% growth seen in August 2026. The uptick was broad-based, with seven of the nine sectors, barring electricity and cement, recording an improvement in their performance in September 2026 vis-à-vis August.

  Coal and iron ore output witnessed a meaningful pickup in their YoY growth rates in September 2026 compared to August 2026; while this was aided by a low base, the sequential uptick in coal was quite strong, amid low stocks at power plants. Refinery products output expanded by a series high 10.3% in September 2026, up from 5.6% in August 2026, supporting the growth in core output.

  Growth in electricity generation eased somewhat to 11.4% in September 2026 from 13.1% in August 2026, albeit remaining quite strong, as the monsoon deficit supported demand in the month. ICRA now forecasts full year electricity growth at 8.5%, exceeding our baseline forecast for GDP growth for this fiscal (7.1%).

  While cement output expanded by a robust 9.8% in September 2026, steel output growth was relatively muted at 4.9% in the month. However, trends in finished steel consumption suggest that construction activity likely remained healthy in the month.

  Notwithstanding the uptick in core output expansion, ICRA expects the IIP growth to ease somewhat to 6.0-7.0% in September 2026 from 8.0% in August 2026, with an elevated base weighing on the non-core segment growth in the month.”

• October 22, 2026 07:58

  Bajaj Broking's Deputy Vice President-Research Pabitro Mukherjee's pre-market commentary

  Nifty CMP: 22,811.35

  Index formed a second consecutive sizable bearish candle with a lower high and lower low signaling continuation of the corrective bias as the index closed below the 20 days EMA. Nifty started the session on a strong note and formed an intraday high of 23,120 in the first hour of trade. However, sharp selling pressure at higher levels saw the index gave up its gains and dragged lower by more than 450 points from the day’s high to form an intraday low of 22,650. Pullback in the last hour of trade saw the index closed off the lows around 22,800 levels. 

  Nifty despite starting on a positive note failed to move above Monday’s high 23,175 and dragged sharply lower signaling continuation of the corrective consolidation in the range of 22,500-23,150. Nifty has support at 22,500-22,400 levels being the 80% retracement of the last two weeks pullback 22180-23,175. A breach below 22,400 will negate the last two weeks pullback and open downside towards recent low of 22,180.

  On the higher side key level to watch is Monday’s high of 23,175, only a move above the same will signal pullback towards 23,300 and 23,500 levels in the coming weeks.

  Intraday Levels for Nifty

  Resistance: 22,860 and 22,950

  Support: 22,620 and 22,480

• October 22, 2026 07:56

  Indian equities are likely to open lower, with GIFT Nifty trading below 22,700: Hariselvan Radhakrishnan, Founder & CEO of HST Wealth

  Indian equities are likely to open lower, with GIFT Nifty trading below 22,700 despite a positive overnight close on Wall Street. The divergence suggests that domestic sentiment remains more sensitive to elevated energy costs, high global borrowing rates and the weakness in the Nifty’s underlying structure.

  Brent holding near $110 and the US 10-year Treasury yield around 5.1% could continue to restrict any recovery. Persistently expensive crude may reinforce domestic inflation concerns and delay expectations of policy support, while elevated US yields could keep foreign capital tilted toward dollar assets. Unless both indicators retreat meaningfully, opening declines may attract only tactical buying rather than signal a durable reversal.

  Wall Street advanced on encouraging corporate earnings, but the rally was driven largely by stock-specific developments. This may improve broader sentiment at the margin, although its support for Indian equities could remain limited until pressure from oil, yields and foreign flows begins to ease.

  On the technicals, the gap-down is likely to place 22,700 under immediate pressure. Failure to hold this level could extend the decline toward 22,600–22,500, while 22,900 and 23,000 are now the principal recovery hurdles. A rebound above 22,900 with support from banking stocks could stabilise the market; otherwise, the prevailing structure remains vulnerable to selling at higher levels.

  The opening weakness may moderate if domestic institutions absorb the initial supply and Bank Nifty holds its recent support region. However, sustained trading below 22,700, accompanied by firm crude and bond yields, would increase the probability of another leg lower during the session.

• October 22, 2026 07:55

  Bitcoin trading close to a technical decision zone: WazirX trade desk report

  “Bitcoin traded near $83,460, up approximately 0.6% over 24 hours, while Ether hovered around $2,452, marginally lower. Total cryptocurrency market capitalization stood at $2.79 trillion, with the Fear and Greed Index at a neutral 53, suggesting that confidence is recovering without widespread exuberance.

  Bitcoin spot ETFs recorded daily net inflows of $289.8 million, according to the supplied dashboard, providing evidence of demand through regulated investment products. Meanwhile, Santiment’s October 21 figures put derivatives open interest at $23.4 billion for Bitcoin, $15.5 billion for Ether and $2.7 billion for Solana.

  The combination of recovering prices and rising open interest suggests greater derivatives participation. 

  Bitcoin is trading close to a technical decision zone. The supplied moving-average snapshot places the 30-period simple moving average near $83,470 and the Hull moving average near $83,644. 

  Sustained trading above this band would strengthen the recovery case and bring $84,000 into focus. A break below $82,750 would weaken near-term momentum and expose the lower support zones.

  Ether’s 2,400–2,500 psychological band provides an initial reference range. A sustained move above $2,500 would suggest improving momentum, while losing $2,400 would shift attention towards $2,350. 

  US equities advanced on October 21, with the Nasdaq gaining approximately 1.1%, the S&P 500 0.6% and the Dow 0.7%. Together with the supplied VIX reading of 16.68, down 3.64%, this suggests improving appetite for risk, a potentially supportive backdrop for Bitcoin.

  However, if elevated energy prices persist and feed into broader inflation, expectations for Federal Reserve easing could weaken. Higher Treasury yields and a stronger dollar, should they follow, could constrain Bitcoin’s recovery.” - Nischal Shetty, Founder, WazirX

• October 22, 2026 07:52

  Govt bond selloff to continue as RBI policy minutes hint at more rate hikes

  

  Govt bond selloff to continue as RBI policy minutes hint at more rate hikes

  Indian government bonds are likely to weaken further in early deals on Thursday, ​after minutes of the latest monetary policy meeting showed that members ‌of the rate-setting panel indicated further rate hikes may ​be needed to curb inflation.

• October 22, 2026 07:34

  Stocks to watch today: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC

  

  Stocks to watch, Oct 22: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC

  Stocks to watch, October 22, 2026: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC

• October 22, 2026 07:08

  Stock to buy today: HCL Technologies

• October 22, 2026 07:07

  KEI Industries Q2 FY27 results: PAT rises to ₹262 crore

  KEI INDUSTRIES Q2FY27 :-

  Revenue 3,776.00 Cr vs 2,726.00 Cr

  (+38.52% YoY┃+18.56% QoQ)

  EBITDA 377.00 Cr vs 269.00 Cr

  (+40.15% YoY┃-4.80% QoQ)

  EBITDA Margin 9.98% vs 9.87% YoY & 12.43% QoQ

  PAT 262.00 Cr vs 204.00 Cr

  (+28.43% YoY┃-4.38% QoQ)

  EPS 27.45 vs 21.30 YoY & 28.68 QoQ

• October 22, 2026 07:06

  Indian Hotels Q2 FY27 results: Consolidated net profit rises to ₹379.85 crore

  INDIAN HOTELS Q2 FY27 (CONS.)

  Net Profit: ₹379.85 Cr ↑19.35% YoY | ↓2.80% QoQ

  Revenue: ₹2,484.32 Cr ↑21.73% YoY | ↑6.20% QoQ

  EBITDA: ₹705.78 Cr ↑23.79% YoY | ↑4.92% QoQ

  EBITDA Margin: 28.41% vs 27.93% YoY | 28.76% QoQ

• October 22, 2026 07:05

  Eternal Q2 FY27 results: PAT rises to ₹125 crore

  ETERNAL (ZOMATO) Q2FY27 :-

  Revenue 24,138.00 Cr vs 13,590.00 Cr

  (+77.62% YoY┃+19.43% QoQ)

  EBITDA 752.00 Cr vs 239.00 Cr

  (+214.64% YoY┃+26.60% QoQ)

  EBITDA Margin 3.12% vs 1.76% YoY & 2.94% QoQ

  PAT 125.00 Cr vs 65.00 Cr

  (+92.31% YoY┃+35.87% QoQ)

  EPS 0.14 vs 0.07 YoY & 0.10 QoQ

• October 22, 2026 07:04

  Yash Highvoltage H1 FY27 results: Consolidated net profit up 165.74% at ₹36.37 crore

  YASH HIGHVOLTAGE H1 FY27 (CONS.) ; NET PROFIT UP 165.74% AT ₹36.37 CR (YOY)

  REVENUE UP 95.31% AT ₹194.51 CR (YOY)

  EBITDA UP 152.32% AT ₹53.58 CR (YOY)

  MARGINS AT 27.55% VS 21.32% (YOY)

• October 22, 2026 06:59

  Ador Welding Q2 FY27 results: PAT rises to ₹27 crore

  ADOR WELDING Q2FY27 :-

  Revenue 345.00 Cr vs 281.00 Cr

  (+22.78% YoY┃+11.65% QoQ)

  EBITDA 38.00 Cr vs 35.00 Cr

  (+8.57% YoY┃+5.56% QoQ)

  EBITDA Margin 11.01% vs 12.46% YoY & 11.65% QoQ

  PAT 27.00 Cr vs 25.00 Cr

  (+8.00% YoY┃-3.57% QoQ)

  EPS 15.48 vs 14.37 YoY & 15.86 QoQ

• October 22, 2026 06:58

  Bharat Parenterals subsidiary commences commercial supply to the US market

  Subsidiary Innoxel Lifesciences commences commercial supply to the United States market:

  - First CMO product launched in the U.S. market on October 20, 2026

  - Product manufactured at finished dosage facility in Vadodara, Gujarat

  - Innoxel reported FY26 revenue of ₹72.40 Cr from licensing

  - Company expects to commercialise two CMO products in FY27

  - More CMO launches planned over the next two quarters and into FY28

  - Innoxel signed 23 deals in FY26, including 16 CMO/CDO agreements

• October 22, 2026 06:57

  Goldman Sachs' coverage of Shipbuilders

  Goldman Sachs: India Aerospace & Defense: Shipbuilders: Uncertainty around orders, decline in near-term earnings imply further downside; We Initiate Coverage on Mazagon Dock Shipbuilders (MAZG), with a 12-m TP of INR 1,855, and Garden Reach Shipbuilders (GRSE), with a 12-m TP of INR 1,515, Both at Sell

• October 22, 2026 06:57

  Stock market today: All-time low alert

  6 stocks closed below their previous all-time lows on 21-10-2026

  🔻NSDL 

  🔻Swiggy 

  🔻Sundaram-Clayton 

  🔻Vishal Mega Mart 

  🔻Campus Activewear 

  🔻Sanofi Consumer Healthcare 

• October 22, 2026 06:55

  PC Jeweller Q2 FY27 results: PAT rises to ₹331 crore

  Revenue 1,054.00 Cr vs 825.00 Cr

  (+27.76% YoY┃+20.18% QoQ)

  EBITDA 310.00 Cr vs 178.00 Cr

  (+74.16% YoY┃+28.10% QoQ)

  EBITDA Margin 29.41% vs 21.58% YoY & 27.59% QoQ

  PAT 331.00 Cr vs 210.00 Cr

  (+57.62% YoY┃+49.10% QoQ)

  EPS 0.34 vs 0.30 YoY & 0.23 QoQ

• October 22, 2026 06:54

  Institutional Investors EQUITY Cash Trades PROV. - 21/10/2026 (in crores)

  FIIS : BUY +1,022 (17,004-15,982)

  DIIS : BUY +1,614 (14,931-13,317)

• October 22, 2026 06:48

  Today's stock recommendation: HCL Technologies (1,423.85) – BUY

  

  Stock to buy today: HCL Technologies (1,423.85) – BUY

  Bullish technical outlook for HCL Technologies with a target of ₹1,580, buy on dips around ₹1,395–₹1,424, and guided stop-loss levels.

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