Market News

SpaceX Q3 revenue surges 161% on AI business boom, beats targets

SpaceX reported a 161% year-over-year revenue increase in the third quarter, exceeding estimates, driven by growth in its artificial intelligence business and continued expansion of its Starlink internet service. The strong performance underscores the company's diversification beyond traditional launch services into high-margin AI and satellite connectivity segments.

Nasdaq Futures Slip as Oil Rises, AI Stocks Weaken Ahead of Earnings

Nasdaq futures declined as crude oil prices rose and artificial intelligence-related stocks came under pressure ahead of forthcoming corporate earnings reports. The weakness in tech-heavy futures suggests investor caution as markets await key earnings announcements.

Meta's AI Push, Muse Adoption to Shape Q3 Earnings

Meta's third-quarter results will showcase the company's substantial artificial intelligence investments and the early reception of its Muse assistant product. Revenue is expected to grow 23.8%, though net income is projected to decline to $15.44 billion as the company prioritizes AI development amid competitive pressures.

Brokerages Back ICICI Bank on Strong Q2, Eye HDFC Recovery

Brokerages have expressed optimism about ICICI Bank following solid Q2 earnings and asset quality metrics, while maintaining a more cautious stance on HDFC Bank despite expectations for eventual profit recovery. Both lenders trade at attractive valuations with upside potential according to analyst target prices, though both stocks declined alongside broader market indices on Monday.

Banking stocks, high oil prices weigh on Indian markets

Indian markets declined as banking sector weakness combined with elevated oil prices pressured equity indices lower. The sell-off occurred amid a mixed regional performance, with concerns over AI investments and emerging market reassessments affecting broader Asian sentiment.

India bonds decline as oil spike fuels rate hike concerns

Indian government bonds ended lower as rising crude oil prices intensified inflation concerns, with the benchmark 10-year yield climbing for nine consecutive weeks. Economists warn that consumer inflation could breach the Reserve Bank of India's upper tolerance band, heightening expectations for further monetary tightening.

Bajaj Finance Q2 Net Profit Surges 29% to Rs 6,367 Crore

Bajaj Finance reported a 29% year-on-year increase in net profit to Rs 6,367 crore for the September quarter, with net interest income climbing 24% to Rs 13,335 crore. The strong results reflect robust growth across the company's lending portfolio and operational efficiency.

Asian Shares Decline as AI Investment Concerns Dampen Market Mood

Asian stock markets fell as concerns over artificial intelligence spending weighed on investor sentiment, though oil price declines and positive US stock futures provided some downside support. The oil decline followed reports of Trump's potential sanctions waivers on Russia, though final decisions remain pending.

Nifty rises 0.7% in pre-market; FPIs post Rs 1,165 crore net buy

India's Benchmark Nifty index gained 0.7% in pre-market trading, with analysts expecting a consolidation phase ahead and potential gradual upside. Foreign portfolio investors recorded net purchases of Rs 1,165 crore, offsetting domestic outflows.

DIIs boost stakes in 8 NSE midcap stocks during Q2FY27

Domestic Institutional Investors increased their holdings in eight NSE midcap stocks by more than 200 basis points in the September 2026 quarter, according to shareholding data. The moves signal growing institutional confidence in companies spanning sectors from food delivery and fintech to shipbuilding and financial services.

Bajaj Finance Q2 profit seen surging 29% on strong loan growth

Bajaj Finance is expected to post a 29% jump in net profit for the July-September quarter, driven by robust loan demand and a 24% rise in net interest income. However, analysts warn that rising borrowing costs could pressure lending margins despite the strong earnings outlook.

FPI Selling Exceeds Rs 52,000 Crore in October Amid Market Resilience

Foreign portfolio investors withdrew over Rs 52,000 crore from Indian equities in October, exceeding September outflows, driven by rising US Treasury yields and elevated crude oil prices. Despite the persistent FPI exodus, India's benchmark indices Nifty and Sensex rebounded sharply, buoyed by strong domestic institutional buying and gains in the IT sector.

Jefferies' Wood Urges Diversification Away From AI Stocks

Jefferies strategist Chris Wood is recommending investors move beyond artificial intelligence exposure, citing slowing earnings growth and elevated valuations in global AI stocks. His Asia-focused portfolio emphasizes semiconductor companies and Asian markets including India and China while reducing exposure to heavy AI capital expenditure spenders.

FPIs withdraw Rs 52,100 crore from Indian equities in October

Foreign portfolio investors have pulled Rs 52,100 crore from Indian equities so far in October, continuing a trend of withdrawals that saw Rs 35,861 crore exit in September. The exodus reflects global headwinds including elevated crude oil prices, higher US bond yields, and a strengthening US dollar that have dampened investor appetite for Indian assets.

Top 10 Indian firms gain Rs 3.65L cr as TCS leads rally

Nine of India's ten most valued companies saw substantial increases in market capitalization last week, collectively gaining Rs 3.65 lakh crore, with TCS, Bharti Airtel, and Infosys leading the charge. The BSE Sensex surged over 2,000 points while the Nifty experienced significant growth, though Larsen & Toubro was the sole top-10 firm to report a decline.

19 Indian stocks set ex-record dates for dividends, splits, bonuses this week

Approximately 19 Indian companies, including LTIMindtree, Tech Mahindra, IRFC, HDB Financial Services, and Angel One, have announced record dates for corporate actions during October 19-23. Investors must hold shares by the record date in their demat accounts to qualify for these distributions and capital restructurings.

LG Electronics, Polycab emerge as growth picks amid premiumisation trend

Analyst Siddhartha Khemka has identified LG Electronics and Polycab as investment opportunities, driven by premiumisation trends and infrastructure demand in India's consumer durables sector. The stocks carry target prices of Rs 2,075 and Rs 10,600 respectively, suggesting upside potential from current levels.

India's Sensex and Nifty Extend Rally; Support Levels Key to Momentum

India's benchmark indices Sensex and Nifty extended their winning streak for a second consecutive session on Friday, driven by strength in IT, auto, metal, and PSU banking stocks. According to market reports, Nifty's ability to sustain gains depends on holding above the 22,750–22,800 support zone in the coming week.

Ixigo Q2 profit surges to 63 crore as revenue climbs 13%

Ixigo reported a net profit of 63.42 crore for the July-September quarter with operational revenue reaching 320.96 crore, up 13% year-on-year. The company's hotel segment drove growth with Gross Bookings Value exceeding 100 crores and posting 159% year-on-year expansion.

Central Bank of India Q2 Profit Rises 21% Amid Strong Loan Growth

Central Bank of India reported a 21% increase in September 2026 quarterly net profit to Rs 1,469 crore, driven by 26% net interest income growth and 30% loan expansion. The lender also demonstrated improved asset quality with net NPA declining to 0.31%, signaling strengthened operational performance.