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BHEL shares climbed to ₹463.25 after the company reported a 120.1% year-on-year rise in Q2 FY27 net profit. Revenue increased 23.8%, while EBITDA margins improved to 11%.

Reliance Power shares closed 1.05% lower after the ED issued a provisional seizure order covering Sasan Power shares worth ₹2,026.65 crore and bank balances of ₹6.16 crore. The company has disputed the allegations and said the order remains subject to confirmation.

LIC Housing Finance, Shriram Finance and HDB Financial Services led losses as investors assessed the potential impact of stricter daily CRR maintenance norms on banking liquidity, NBFC borrowing costs and margins.

TCS shares gained 5.46% after Q2 FY27 net profit rose 4% QoQ to ₹13,884 crore. Revenue increased 11.2% YoY to ₹73,188 crore, while annualised AI revenue reached $3.1 billion and deal wins stood at $9.6 billion.

Canara Bank shares gained 3.44% after the lender reported an 8% rise in Q2 FY27 net profit. Net interest income increased 20%, while asset quality improved year-on-year.

The ₹702 crore Fusion CX IPO is open from October 14 to 16, 2026. The issue combines a ₹500 crore fresh issue with a ₹202 crore offer for sale. Here are the price band, lot size, Day 1 subscription, GMP and financial details.

The Sensex gained 745 points and the Nifty rose 1.13% on October 9, 2026, as TCS earnings lifted IT stocks and buying spread to banking, financial services and FMCG shares. Lower crude prices and a fall in India VIX supported sentiment, while global risks remained.

Indian IT stocks traded higher despite the US suspension of several technology companies from the PERM Green Card process. TCS led the gains after its Q2 FY27 results, while investors assessed the potential impact on hiring, employee retention and operating costs.

Federal Bank, Kotak Mahindra Bank, SBI and Canara Bank shares gained on Friday. Goldman Sachs raised its targets for four lenders, while investors assessed how the RBI's repo rate hike could affect deposit costs and bank margins.

IDBI Bank shares rallied after the Union Cabinet approved the sale of a 60.72% stake to Fairfax’s subsidiary for ₹52,878.08 crore. The transaction remains subject to regulatory requirements.