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.
Read MoreFederal 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.
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.
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.
Cupid shares hit a record high of ₹344.90 after entering the Nifty Smallcap 250 index. Nuvama estimates potential passive inflows of around $10 million, while strong Q1 earnings and upgraded guidance add to investor interest.
Titan shares declined nearly 4% on October 7 despite 25% year-on-year growth across consumer businesses in Q2 FY27. Nomura maintained its Buy rating with a ₹5,425 target, while flagging gold prices and competition as risks.
MobiKwik shares hit the 20% upper circuit at ₹242.14 on October 6 amid heavy trading volumes. The stock has broken out of consolidation, while promoter buying and stronger lending profitability add to investor interest.
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.
The Indian stock market is under pressure as geopolitical tensions, rising crude oil prices, higher US Treasury yields, rupee weakness and foreign investor selling trigger a broad-based sell-off in Nifty and Sensex.
Nifty Today: Indian markets faced heavy selling pressure as Nifty fell 370 points, crude oil surged above $105 and India VIX jumped 25%. US bond yields and geopolitical tensions added to market volatility.
The NSE IPO opens on September 17 with a price band of ₹1,700–₹1,785 per share. NSE CEO Ashish Chauhan said demand has been unexpectedly large, while the GMP has cooled to ₹145 from ₹218 on September 11.
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.
The Indian stock market is under pressure as geopolitical tensions, rising crude oil prices, higher US Treasury yields, rupee weakness and foreign investor selling trigger a broad-based sell-off in Nifty and Sensex.
Nifty Today: Indian markets faced heavy selling pressure as Nifty fell 370 points, crude oil surged above $105 and India VIX jumped 25%. US bond yields and geopolitical tensions added to market volatility.
The NSE IPO opens on September 17 with a price band of ₹1,700–₹1,785 per share. NSE CEO Ashish Chauhan said demand has been unexpectedly large, while the GMP has cooled to ₹145 from ₹218 on September 11.
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