Asian shares fell as Treasury yields swung and the dollar gained ahead of US jobs data, while oil prices stayed elevated amid a widening military buildup in the Middle East.
Indian equities are facing growing technical weakness, with three-fourths of Nifty 500 stocks trading below their 100-day moving averages. Heavy FPI selling, elevated crude prices, rising bond yields and weak auto sales have added to the pressure.
Indian Bank reported strong business growth in the second quarter, led by a 16.6% rise in advances and 12.4% growth in deposits. The lender’s performance remains broadly aligned with its FY27 guidance despite an evolving macroeconomic environment.
MoEFCC revoked the project’s environmental clearance over alleged non-compliance with wildlife clearance requirements; the company says the action is based on an erroneous premise.
The Mumbai Bench of the tribunal has sanctioned Tata Steel’s amalgamation with Rujuvalika Investments, clearing the scheme proposed in 2024.
The lender’s domestic advances rose 17.4% year-on-year, while CASA deposits grew 14.7% as overall business crossed ₹24.75 lakh crore.
Foreign investors sold nearly ₹35,000 crore of Indian equities in four sessions, while strong DII buying cushioned the market as stocks fell for a fourth straight day.
Manipal Payment and Identity Solutions started FY27 on a strong note, with net profit more than doubling year-on-year and revenue rising 48%. Growing exports, premium offerings and a broader product mix supported the company’s performance in the quarter.
State-run MOIL has raised manganese ore prices by 5% across grades for October, while keeping electrolytic manganese dioxide prices unchanged.
Inox Air Products has filed draft papers for an IPO that could raise ₹10,000-11,000 crore, with existing shareholders selling up to 7.72 crore shares.