
View on market: Volatility persists, eagerly searching for growth:
Asian stocks rebounded after three days of losses, as optimism over a potential Federal Reserve interest-rate cut lifted sentiment and outweighed renewed US-China trade tensions. Oil prices steadied after falling to a five-month low Tuesday on expectations for a supply glut and escalating US-China trade tensions. Brent traded near $62 a barrel after sliding 1.5% in the previous session, while West Texas Intermediate was below $59. Gold, meanwhile, edged higher toward a record yet again, boosted by an escalation in US-China frictions and bets the Federal Reserve will cut interest rates twice more this year. The GIFT Nifty is trading 78 pts higher near 25,284.
IMF raises India FY26 growth estimate
India’s growth outlook remains resilient even as global economic prospects dim, according to the IMF latest World Economic Outlook report. The report projects India’s FY26 growth at 6.6%, revised up by 20 basis points from July’s forecast of 6.4%, reflecting a strong Q1 carryover that offsets the impact of increased US tariffs on imports from India. Growth in FY27 is projected at 6.2%, down 20 basis points from July’s estimate, as the initial momentum from FY26 gradually normalises. The IMF warned that global growth remains fragile, with risks still tilted to the downside, with persistent fragility despite easing trade tensions. The IMF now expects global growth to decline from 3.3% in 2024 to 3.2% in 2025, down 20 basis points from its July update of 3.4%, while the 2026 outlook remains unchanged from July, at 3.1%.
Key results Today:
Axis Bank, HDB Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company Angel One, Tata Communications, Oberoi Realty, Delta Corp, Heritage Foods, Huhtamaki India, Indian Railway Finance Corporation, KEI Industries, Kewal Kiran Clothing, L&T Finance, Mangalore Refinery and Petrochemicals, Nuvoco Vistas Corporation, Rossari Biotech.
Economic Calendar:
- USD: Core CPI Data (Sep) on 15th October
- USD: Core Retail Sales Data on 16th October
- IND Import and Export Data (Sep) on 15th October
International Markets:
U.S & Europe:
Particulars | 14th Oct | Chg. | Chg.(%) |
Nasdaq | 22521.70 | -172.91 | –0.76 |
Dow | 46270.46 | +202.88 | 0.44 |
FTSE | 9452.77 | 9.90 | 0.10 |
CAC | 7919.62 | -14.64 | -0.18 |
DAX | 24236.90 | -150.99 | –0.62 |
Dow Fut.* | 46338.31 | 65.86 | 0.14 |
*As per 15th October.
Asian markets:
Particulars | 15th Oct | Chg. | Chg.(%) |
GIFT Nifty | 25288.50 | 82.30 | 0.30 |
Nikkei | 47460.00 | 612.68 | 1.31 |
Straits Times | 4371.98 | 17.0 | 0.39 |
Hang Seng | 25735.00 | 293.65 | 1.15 |
Shanghai | 3867.51 | 2.28 | 0.06 |
Stocks strong on Chart:
Index | F&O | Cash |
MAX HEALTH | MCX | MAPMYIND |
TECH M | SONA COMS | KERNEX |
BAJAJ AUTO | ANGEL ONE | ENRIN |
APOLLO | 360 ONE | MTARTECH |
RELIANCE | SIEMENS | LEMON TREE |
KAYNES |
Commodities & Currency:
Particulars | Current Price | Chg.(%) |
USD/INR | 88.79 | 0.12 |
Brent | 62.11 | -0.45 |
Gold | 126324 | 1.36 |
Silver | 159718 | 3.28 |
FIIs & DIIs:
Particulars | 14th Oct | 13th Oct |
FIIs | -246.10 | |
DIIs | 2333.42 |
News Updates:
MIDHANI: | Midhani has secured an order worth Rs 306 crore. With this, the open order position of MIDHANI as on date stands at around Rs 2,212 crore. |
OLA ELECTRIC: | The country’s largest pure-play EV company is set to launch a new product in the energy space on October 17 via a premiere on its official social media handles. The Promoter and CMD has tweeted about launching the first non-vehicle product this Diwali. |
Hyundai Motor India: | The Board has approved the Succession Plan for the Managing Director of the company. Unsoo Kim, the current Managing Director, will return to South Korea to take on a strategic role at Hyundai Motor Company, effective December 31, 2025. |
Lemon Tree Hotels: | The co has signed a License Agreement for a new hotel property in Gandhidham. The property will be managed by its subsidiary, Carnation Hotels. |
360 one: | 360 ONE Asset Management bought 5.21 lakh shares (0.91% stake) at Rs 404.41 per share, amounting to Rs 21.09 crore. |
Source: Moneycontrol, Bloomberg Quint, Investing
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