DOWNGRADE
PSBs, pharma and defence: HDFC Securities CEO names Samvat 2083’s dark horses
HDFC Securities MD and CEO Dhiraj Relli identifies public sector banks, pharmaceuticals and defence as potential outperformers in Samvat 2083. He favours largecaps for valuation comfort, highlights selective stock opportunities and urges investors to prioritise earnings visibility and disciplined asset allocation.
Largecaps over SMIDs: Ambit’s Nitin Bhasin and Bharat Arora share their Samvat 2083 strategy
As we step into the new Samvat, investors are advised to take a more cautious stance with their portfolios. The focus should be on large-cap stocks and the banking sector due to their better earnings prospects and attractive valuations. Meanwhile, although mid- and small-cap sectors may face hurdles, the cement industry might see unexpected margin improvements.
Risk-off mood sweeps European stocks as AI concerns deepen
European markets saw a 1% dip as a wave of selloffs hit insurance stocks following a Democratic victory, raising concerns around the stability of AI investments. A significant downgrade of German reinsurers by JPMorgan added to the insurance sector's woes. Yet, clean energy stocks thrived, bolstered by renewed support for green initiatives.
JSW Dulux cautions against further price hikes as demand risks emerge
JSW Dulux, a paint manufacturer, has increased prices by 13% due to rising crude oil costs. Rajiv Rajgopal emphasized the need to balance future price hikes with consumer demand. Despite the current increases, demand for paints has remained stable thus far, though concerns persist about potential slowdowns. The company reported a 21% year-on-year volume growth in its retained business during the September quarter.
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on China’s CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
S&P affirms Reliance Industries' 'A-' credit rating, cites Jio listing, stronger earnings
S&P Global Ratings has affirmed Reliance Industries’ (RIL) ‘A-’ long-term issuer credit rating with a stable outlook, citing resilient earnings, strong cash generation and improved funding flexibility following the listing of Jio Platforms.
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Beyond ‘no subscription’, NeoSapien sees a paid future for advanced AI features
The Bengaluru-based AI wearables startup is exploring another funding round in early 2027 but its CEO said there was no pressure to raise capital because its cash burn remained low and capital from earlier round was still in the bank.
Europe stocks slip on AI concerns, escalating Iran tensions
Asian tech benchmarks came under pressure earlier in the day as investors reassessed the sustainability of the AI-driven rally following disappointing results from major US hyperscalers in the previous week, raising concerns that the sector has become overvalued globally.
ETMarkets Smart Talk | Bond markets have priced in nearly four rate hikes. Where should investors invest now?
In this edition of ETMarkets Smart Talk, Piyush Barawal, Director and Senior Fund Manager at WhiteOak Capital, shares his outlook on interest rates and bond yields and explains why the two- to four-year segment of the yield curve could offer an attractive opportunity.
Global Market: French bond yields hold steady despite Fitch downgrade warning
French bond yields remained steady despite Fitch downgrading the country's outlook to negative, as investors weighed fiscal concerns and political uncertainty against easing energy prices and developments in the Middle East.
UK Budget 2026: Skilled Worker salary thresholds, Graduate visa and HPI route changes signal new immigration direction
In its 2026 Budget, the UK Government has unveiled pivotal changes to immigration policies with a focus on driving economic growth and increasing productivity. Key updates include an adjustment to salary thresholds for the Skilled Worker visa and an expansion of the High Potential Individual visa pathway. Additionally, the two-year Graduate visa for international students will continue, emphasizing the importance of skilled migration in the country’s economic strategy.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
America's power bills are soaring. Utilities are now facing an election-year reckoning
Electricity prices are increasingly affecting midterm election campaigns as utility bills rise significantly for consumers. Politicians are proposing measures to curb utility rate increases and reduce profits for power companies. Notably, several gubernatorial candidates pledge to address energy affordability and utility practices if elected. The political climate indicates that utilities may face increased scrutiny and regulatory changes post-election. The long-term effects of these political moves on utility investments remain uncertain.
Q2 earnings upgrades hold above 50%, says Jefferies. Is the profit cycle turning?
India’s Q2 FY27 earnings show signs of resilience, with Jefferies reporting that 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, while 41% saw downgrades and 9% remained unchanged. The share of companies beating expectations rose to 56% from 52% in the previous quarter, though the recovery remains uneven across sectors.
Nifty’s early comeback signal: Why largecaps are holding up as broader market slides
India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns in October, while midcap and smallcap indices have declined. More reasonable valuations, earnings resilience, liquidity and institutional preference are supporting largecaps, though elevated crude prices, macroeconomic uncertainty and earnings concerns continue to cloud the broader market outlook.
Cyclone Arnab to move north-northwestwards over next 24 hours, weaken further by midnight: IMD
Cyclonic Storm Arnab has weakened to a cyclonic storm while moving north-northwest over coastal Andhra Pradesh. The India Meteorological Department forecasts further weakening into a deep depression by midnight. Over 55,000 people have been evacuated from affected areas, with three casualties reported. The National Disaster Response Force has deployed 39 teams to assist with rescue operations. Andhra Pradesh's Chief Minister is coordinating relief measures and has sought central government assistance.
D-Street in gloomy mood, but Kotak sees 3 triggers for rebounds and adds 5 midcap stocks to portfolio
Dalal Street faces significant market challenges, leading Kotak Institutional Equities to spotlight selective stock value. With large-cap stocks in view, the impact of geopolitical strife and fluctuating crude oil prices weighs heavily on investor sentiment. The brokerage sees potential recovery catalysts in peace talks regarding the Iran-US situation and favorable Q2 earnings.
Best corporate bond mutual funds to invest in October 2026
Corporate bond mutual funds invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy.
Asia-focused banks face bond market risks ahead of Q3 earnings
Asia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC, Standard Chartered and DBS confront profitability and capital risks, while Japanese and Southeast Asian lenders navigate bond losses, funding pressures and economic uncertainty.
French bond selloff eases as country spared ratings downgrade
On Monday, the selloff in French government bonds paused after Moody's maintained its rating of Aa3. Weekend protests were mostly peaceful, reducing tensions in the country. France's 10-year OAT yield fell following a rise to its highest level since June 2002. The focus now turns to the European Central Bank's upcoming policy decision on Thursday. Analysts expect the ECB to monitor the rising yields closely and evaluate their impact.
Best banking & PSU mutual funds to invest in October 2026
Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.
Nifty's PEG ratio near 10-year low but why don't stocks look cheap yet? Valuation paradox explained
Nifty’s PEG ratio approaches a decade low, suggesting an enticing potential for valuation and earnings growth. The substantial drop in the forward P/E ratio has heightened hopes for a market recovery. However, rising bond yields and potential earnings downgrades pose challenges to investor sentiment. Selective opportunities arise across sectors, influenced by enhanced credit growth and evolving demand.
Currency markets subdued ahead of pivotal central bank week
As the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a decline after hitting a six-month high, affecting the strength of the dollar. Meanwhile, US Treasury yields remain elevated due to lingering inflation worries connected to the rising oil costs. With five significant central banks likely to hold rates steady, market watchers are keen to decipher forward guidance.
Global Market Today: Asian shares slip as AI jitters deepen ahead of big tech earnings
MSCI Inc.’s Asia Pacific equities gauge fell 0.2% ahead of this season’s busiest earnings week in Asia. US equity-index futures erased earlier gains and traded little changed.
Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamart’s adjusted EBITDA loss widened to ₹895 crore from ₹778 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.
eMudhra shares crash another 4%, down 40% in 3 sessions. What's behind this free fall?
eMudhra will exit its global SSL/TLS certificate business following a security incident involving compromised private keys linked to eight intermediate Certificate Authority certificates. The segment contributes about 1% of its global revenue. The development follows a sharp 37% decline in eMudhra shares over the previous two trading sessions.
Ola Electric shares dip 5% after Goldman Sachs downgrades stock to Sell. Here’s why
Ola Electric shares fell sharply on Friday after Goldman Sachs downgraded the stock to Sell from Neutral and cut its target price to Rs 23, implying a 28% downside. The brokerage lowered its FY27-FY29 revenue estimates by up to 10%, citing prolonged operating losses and challenges in sustaining market share.
Global Market: Indonesia imposes record $117 million in fines for stock market violations
Indonesia’s financial regulator imposed record fines of 2.1 trillion rupiah ($116.67 million) for trading violations involving three listed companies. The crackdown targets stock manipulation and IPO disclosure breaches, addressing concerns over market transparency following MSCI’s warning about potential downgrade of Indonesian equities from emerging-market status.
Global Market: Indonesia stock exchange to meet MSCI after downgrade warning triggers market rout
Indonesia’s stock exchange will meet MSCI on Monday to seek clarity over a warning that could strip the country of its emerging-market status. The threat triggered a sharp selloff, wiping $65 billion off market capitalisation on Friday. A downgrade could prompt foreign fund outflows and weaken investor participation in Indonesian equities.
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