TEPID
Rupee finds its footing as oil worries cool, traders watch flow momentum
The Indian rupee climbed to its highest value in two weeks, following a notable fall in oil prices. This uplifting trend was mirrored by a stark rise in Indian stock markets and a reduction in bond yields. Recently, foreign investments poured into Indian equities, showcasing hefty net purchases. Analysts emphasize that ongoing investment inflows are crucial for bolstering the rupee further, as market sentiment improves amid reduced energy cost pressures.
US job openings increase sharply by 333,000 in September
In September, the US saw a notable increase in job openings, showing a rise of 333,000. Layoffs fell to 1.641 million, providing evidence of a resilient labor market. Hiring activities also increased, reflecting a hires rate rise from previous months. However, concerns regarding the ongoing US-Israeli conflict with Iran may be impacting hiring decisions. Economists maintain that the labor market remains characterized by stable demand and low layoffs.
Tata consumer Q2 net profit up despite higher costs, weak tea demand
Tata Consumer Products encountered unchanged tea volumes and decreasing revenue in the September quarter as weak demand and surging commodity costs took their toll. To counter this, the company emphasized its salt business, which saw significant revenue increases driven by volume growth and price hikes. Meanwhile, international revenue held steady despite challenges in the UK market caused by weather issues.
Indian bonds flattish as oil spike offset by falling Treasury yields
Indian government bonds saw little movement as investors monitored volatile oil prices and US Treasury yields. A spike in oil prices, spurred by geopolitical uncertainties, has heightened worries about the impact on global energy supplies and India's import expenses. The central bank's recent increase in the benchmark repo rate adds to this equation, hinting at possible future adjustments.
China blue-chip index confirms bear market as AI stocks slump
The CSI300 Index dropped 1.8% to close at 4,036.30, its lowest level since July 2025. It is now 20.2% below its most recent closing peak on June 22, crossing the 20% threshold that typically defines a bear market.
China blue-chip index confirms bear market as AI stocks slump
China's CSI300 Index fell by 1.8% to reach a 15-month low, confirming a bear market status. The Shanghai Composite Index similarly decreased by 1.5%, reflecting similar investor concerns. A significant selloff in tech shares contributed to the market decline, highlighting the impact of tepid stimulus expectations. In Hong Kong, the Hang Seng Index also fell by 3%, driven by tax liabilities affecting local companies.
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Giant 'heat storms' are scorching the Earth. This is the story of the biggest one on record
Heat storms have increased dramatically, causing severe global consequences including excess deaths and environmental catastrophes. Recent heat storms have been identified as a new classification, representing larger and more persistent heat events. The intensity of these heat storms has worsened due to climate change and greenhouse gas emissions. Associated weather patterns have significantly disrupted ecosystems and agriculture worldwide.
Global Market: China and Hong Kong shares weaken as stable growth eases stimulus bets
China and Hong Kong stocks weakened on Tuesday, joining a broader retreat in the region, after Beijing kept key lending rates unchanged and stronger GDP data dampened
Dollar and euro drift, yen slips as markets seek direction
The euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Zealand counterpart nudged 0.1% higher to $0.5668.
Ecommerce festive sales fizzle out on price pangs
Executives attributed the slowdown to sluggish demand for premium electronics, including smartphones, home appliances and laptops, as prices of these products have risen 30-40% in the past few months. Smartphones and electronics, which account for more than half of GMV during festive sale events for some platforms, have been hit by price increases, an executive said.
Online festive sales fizzle; Snowflake CEO on AI’s impact on software
Happy Monday! Festive ecommerce sales have slowed down this year, we tell you why. This and more in today’s ETtech Morning Dispatch.
Wipro faces slow recovery as revenue and deal wins lag peers
Wipro has reported a decline in revenue for the second quarter in a row, contrasting with larger rivals that experienced growth. The total value of new contracts has dropped significantly, indicating delays in project closures. Despite this, management is optimistic about future improvements in deal momentum and operating margins. Slight enhancements were noted in operating margins, attributed to increased efficiency and favorable currency fluctuations.
Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA intervention
The Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority intervention to defend its peg. Weak equity performance, subdued investment flows, and rising US interest rates have pressured the currency, though analysts expect the linked exchange rate system to remain stable.
Micron Technology stock crash today: Why is MU share price at Nasdaq down on Monday?
Micron Technology stock today: MU share price at Nasdaq was down on Monday. Chipmaker Micron in September forecast quarterly revenue above estimates.
US stocks: US market posts weekly gains with earnings, inflation data on tap
Wall Street finished strong on Friday, fueled by optimism ahead of the third-quarter earnings reports from major players like Wells Fargo and Goldman Sachs. Analysts predict a notable growth in S&P 500 earnings year-over-year, even as worries about consumer sentiment loom. Oil prices dipped initially due to conflicting US-Iran news but later recovered. Moreover, significant companies such as Delta Air Lines and Apple reported hurdles impacting their respective stock performances.
PepsiCo is raising prices on Doritos and more after a weak quarter in America
PepsiCo plans to raise prices on certain snack foods and beverages due to increased costs. The price increase will be in the single-digit percentage range, although it remains lower than earlier this year. Consumption patterns indicate demand in their international market, contributing to a revenue rise of 5.6%. However, the North American beverage business continues to struggle, leading to adjusted earnings expectations.
US jobless claims hover near 57-year low for fourth consecutive week
In a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job market. Nonetheless, nonfarm payroll growth remained disappointing, with just 29,000 jobs created in September. Additionally, there was an increase of 17,000 in ongoing unemployment benefits, highlighting challenges faced by new job seekers amid geopolitical uncertainties and a tightening labor pool.
US weekly jobless claims fall as layoffs remain low
Claims have held near 57-year lows for four straight weeks, consistent with what economists said remained a "low-hire, low-fire" labor market. Nonfarm payrolls increased by a paltry 29,000 jobs in September, the government reported last week.
RBI's 29-day VRRR auction receives tepid response despite high surplus liquidity
The Reserve Bank of India on Thursday executed a noteworthy 29-day variable rate reverse repo auction, attracting Rs 79,655 crore in bids, fully accepted at a 5.49 percent rate. This event contrasted sharply with the one-day VRRR auction, which invited bids totaling Rs 1,60,664 crore. Currently, the banking sector enjoys a liquidity surplus of around Rs 4.
Nvidia soars near $6 trillion market cap with stock back at high
Nvidia has witnessed a remarkable surge in its stock price, propelled by a promising revenue forecast and a robust buyback initiative. The company’s shares have soared by 28% in 2026, contributing nearly $1.2 trillion to its market capitalisation. Amidst rising interest rates and economic volatility, investors are increasingly turning to Nvidia, positioning it as a cornerstone of the S&P 500 Index's success this year.
BMC entertainment tax proposal likely to marginally increase ticket prices by Rs 5-10
Mumbai movie tickets could become Rs 5-10 more expensive if the BMC raises its per-show entertainment tax from Rs 60 to Rs 400. Exhibitors and producers say the fixed levy would reduce box-office revenue available for sharing, with the impact becoming sharper for poorly attended shows and potentially adding pressure to an industry still recovering from weak footfalls.
AI pressure, client caution cloud Indian IT earnings in September quarter
India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players, while even giants like Infosys may lower their projections.
Oura delays US IPO, adding to fall market jitters
The development adds to a tepid start to the traditionally strong fall IPO market, as investors digest the Federal Reserve's rate hike, geopolitical turmoil and volatility in AI stocks.
NSE listing sees India's biggest exchange near bottom of Rs 10,000 crore IPO club
NSE made a muted debut with a 0.8% listing gain, placing it near the lower end of the Rs 10,000 crore-plus IPO club. Despite strong subscription and its dominant market position, the exchange delivered a modest debut. Brokerages remain constructive, citing long-term growth potential, strong fundamentals and India’s financialisation.
META Stock at Nasdaq today: Meta Platforms Inc shares near all-time highs, Facebook, Instagram, WhatsApp-owner inches away from $2 trillion market value mark
Shares of Meta Platforms Inc, which owns Facebook, Instagram, WhatsApp, were set for a fifth straight week of gains — their biggest five-week advance since late January 2023 — putting the social media giant less than 1 per cent away from the $2 trillion market value mark.
NSE shares list with gains on debut day: How much Radhakishan Damani, Raamdeo Agrawal & other ace investors’ stakes are now worth
NSE shares gained up to 5% on debut day, lifting the value of stakes held by ace investors including Radhakishan Damani, Dolly Khanna, Raamdeo Agrawal and Motilal Oswal. Damani’s 1.58% stake was worth over Rs 7,340 crore at the day’s high, while brokerages retained a positive outlook on NSE.
Rs 23,000 crore outflows! Is the September FII rout indicating a worse end to 2026?
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 cr through September 19. Higher crude prices, elevated US bond yields, geopolitical risks and currency concerns are weighing on foreign flows, while DIIs cushion the pressure.
'In our lane': Fed's Warsh defies Trump but still fighting for credibility
US Federal Reserve chair Kevin Warsh delivered the interest rate hike this week that many economists think surging inflation required, defying President Donald Trump -- but questions about the central bank chief's credibility linger. The White House insists that any inflation is due to the previous administration, with Trump advisor Kevin Hassett saying earlier this week that there was no need for a rate hike to tackle it.
Prasol Chemicals shares list at 10% discount to IPO price on BSE, NSE
The Rs 550 crore public issue was priced at Rs 676 per share. The offering comprised a fresh issue of 11.83 lakh shares worth Rs 80 crore and an offer for sale (OFS) of 62.13 lakh shares aggregating to Rs 420 crore.
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