Nifty 50 closed at 25,255.05, up 0.84%; Banks leads, Textiles lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 93.68, rupee firmer by 0.28% on the session
• India VIX: 17.56 (+0.8%)
• Gold (rupee terms): -1.33% on the session, -0.9% over five sessions

Key drivers

Markets

• Nifty Bank index rallies 4% in two days, nears record high; here's why. Bank of Baroda and Punjab National Bank were up 5% each, while Federal Bank, IDFC First Bank and AU Small Finance Bank gained 4% each in Wednesday's trading session. (Business Standard Mkts)
• Stock Market LIVE: IndiGo, M&M lead 1,100-pt surge in Sensex, Nifty PSU Bank up 2% as SBI, BoB lead. Sensex Today Stock Market LIVE Updates Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.68 per cent and 1.32 per cent, respectively (Business Standard Mkts)
• Railway stocks on fast track! RVNL, IRFC jump up to 10% amid Sensex, Nifty rise | What's behind momentum? Key levels. RVNL and IRFC shares rose as much as 10% amid a broader market rebound and renewed interest in railway stocks. Sentiment was buoyed by Japan’s first order for India-made train propulsion systems and expectations for infrastructure investment. (LiveMint Markets)
• Stock Market LIVE: Sensex jumps 1,200 pts; Kalyan Jewellers, RVNL shares lead MidCap gains. Sensex Today Stock Market LIVE Updates Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.68 per cent and 1.32 per cent, respectively (Business Standard Mkts)

Read more Nifty Bank index rallies 4% in two days, nears record high; here's why · Stock Market LIVE: IndiGo, M&M lead 1,100-pt surge in Sensex, Nifty PSU Bank up 2% as SBI, BoB lead · Railway stocks on fast track! RVNL, IRFC jump up to 10% amid Sensex, Nifty rise | What's behind momentum? Key levels · Stock Market LIVE: Sensex jumps 1,200 pts; Kalyan Jewellers, RVNL shares lead MidCap gains

Economy & policy

Economy and policy

• India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook. According to SBI Research, India's economic activity remained robust during July–September 2026, supported by manufacturing, services, corporate profitability and accelerating bank credit. (Business Today Mkts)
• India bonds slip as Treasury rout offsets oil slide. Indian government bonds declined on Wednesday as a sharp rise in US Treasury yields, triggered by hotter-than-expected inflation and hawkish signals from policymakers, overshadowed relief from lower crude oil prices. (Economic Times Markets)
• Debt mutual funds vs listed bonds: Which offers better post-tax returns under the new tax rules?. Debt mutual funds and listed bonds may offer identical returns, but different tax rules can significantly affect investors' final earnings. (Business Today Mkts)
• Sukanya Samriddhi At 8.2%: Rs 1.5 Lakh A Year Could Grow To Rs 71.8 Lakh, But What About Inflation?. Investing Rs 1.5 lakh every year in Sukanya Samriddhi Yojana can help parents build a sizeable corpus for their daughter. But after 21 years of inflation, how much will that money actually be worth in today's terms? (NDTV Profit)

Read more India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook · India bonds slip as Treasury rout offsets oil slide · Debt mutual funds vs listed bonds: Which offers better post-tax returns under the new tax rules? · Sukanya Samriddhi At 8.2%: Rs 1.5 Lakh A Year Could Grow To Rs 71.8 Lakh, But What About Inflation?

Companies

• At new highs! Eternal, Groww, Adani Ports, Ather, 16 more NSE 500 stocks. Engineers India, Indian Hotels Company, Marico, Navin Fluorine International, Asahi India Glass and Phoenix Mills from the Nifty 500 index also hit new life-time highs on Wednesday. (Business Standard Mkts)
• Punjab National Bank share price soars 11% in two 2 days; hits 52-week high. Share price of Punjab National Bank hit a 52-week high of ₹139, rallying 5% on the BSE in Wednesday's intraday deals amid heavy volume. (Business Standard Mkts)
• Whirlpool gains 3% even as Q2 PAT sinks 40%; ICICI Sec maintains 'Reduce'. Whirlpool of India reported a 40% YoY decline in consolidated net profit to ₹25.08 crore in Q2FY27, impacted by inflation fueled by geopolitical instability, crude oil prices & rupee depreciation (Business Standard Mkts)
• Kalyan Jewellers shares jump 10% post Q2 results; 'Buy' stock, says MOFSL. Kalyan share price: MOFSL, which retained 'Buy' on the stock, said consolidated revenue rose 31 per cent year-on-year (YoY) to Rs 10,323 crore compared with its estimate of Rs 9,870 crore. (Business Today Mkts)

Read more At new highs! Eternal, Groww, Adani Ports, Ather, 16 more NSE 500 stocks · Punjab National Bank share price soars 11% in two 2 days; hits 52-week high · Whirlpool gains 3% even as Q2 PAT sinks 40%; ICICI Sec maintains 'Reduce' · Kalyan Jewellers shares jump 10% post Q2 results; 'Buy' stock, says MOFSL

Companies

New issues

• Anthropic's potential mega IPO joins ranks of world's biggest stock market listings. Anthropic has kicked off its U.S. IPO roadshow, seeking to raise up to $64.4 billion by offering 825 million shares. This latest valuation stands at roughly $1.4 trillion, representing a drop from earlier estimations of $2 trillion. (Economic Times Markets)
• Moneyview shares are up 58% from IPO price, jump 4% today after BofA coverage - what it said, check price target. Moneyview shares rose about 4% after BofA initiated coverage with a Neutral rating and a ₹65 price target, implying roughly 18% upside from its reference price. (LiveMint Markets)
• FIIs invest $22 billion in IPOs, dump $50 billion in listed stocks: Why the sharp contrast?. Foreign investors invested $22 billion in India's primary market but withdrew $50 billion from listed stocks over two years, Motilal Oswal reported. (Business Today Mkts)
• PMC Debuts On NSE With Rs 200-Crore Bond Listing; Bihar's First Civic Body To Tap Bond Market. Patna Municipal Corporation raised Rs 199.99 crore through its maiden bond issue, with proceeds earmarked for infrastructure projects across 15 locations in the Bihar capital. (NDTV Profit)

Read more Anthropic's potential mega IPO joins ranks of world's biggest stock market listings · Moneyview shares are up 58% from IPO price, jump 4% today after BofA coverage - what it said, check price target · FIIs invest $22 billion in IPOs, dump $50 billion in listed stocks: Why the sharp contrast? · PMC Debuts On NSE With Rs 200-Crore Bond Listing; Bihar's First Civic Body To Tap Bond Market

Currency, commodities & rates

World

• Chip Stocks Drag Nasdaq Futures On Nvidia CEO's Affair Row, Anthropic IPO Buzz; Intel, Marvell Down 2%. Nasdaq 100 futures fell 0.35% as investors weighed allegations involving Nvidia CEO Jensen Huang and Anthropic's proposed $64.4 billion IPO, while inflation data kept markets on edge. (NDTV Profit)
• Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus. Nvidia's CEO Jensen Huang is facing scrutiny, impacting investor sentiment in the tech sector. Anthropic is preparing for a huge initial public offering, potentially raising $64.4 billion. (Economic Times Markets)
• Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor. Anthropic plans to price its IPO at $70 to $78 per share, seeking a valuation as high as $1.02 trillion. (LiveMint Companies)
• India Is Beating Wall Street. One Fintech CEO Says That Only Strengthens The Case For US Stocks. "India and US equities have a long-run correlation of about 0.4, which is the point of diversification," said Subho Moulik, the founder and CEO of investment platform Appreciate. (NDTV Profit)

Read more Chip Stocks Drag Nasdaq Futures On Nvidia CEO's Affair Row, Anthropic IPO Buzz; Intel, Marvell Down 2% · Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus · Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor · India Is Beating Wall Street. One Fintech CEO Says That Only Strengthens The Case For US Stocks

What matters next