Nifty 50 opens from 23146.15 after a 0.65% gain

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.96, rupee firmer by 0.20% on the session
• India VIX: 14.02 (-0.0%)
• Gold (rupee terms): +0.32% on the session, -2.1% over five sessions

Key drivers

Markets

• Stock Market Today, GIFT Nifty Live: Sensex, Nifty To Open Flat; Nikkei Slips 2%; UltraTech Cement, Hindustan Zinc Q2 Results In Focus. Stock Market Live: Asian markets traded mixed on Monday as investors awaited China's third-quarter GDP data. Japan's Nikkei 225 fell 2.26%, while the Topix declined 1.25%. South Korea's Kospi dropped 1.56%, whereas Australia's ASX 200 advanced 0.3%. (NDTV Profit)
• Nifty gains 3% as analysts predict recovery; key resistance levels ahead. Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. (Economic Times Markets)
• DIIs increase stake in 8 midcap stocks in Q2FY27. DIIs increased their holdings in several NSE midcap stocks during the September 2026 quarter. (ET Stocks)
• Can Nifty, Sensex rally further or will bears reign in? 5 factors to decide market action next week. Sensex and Nifty extended gains for a second straight session on Friday, led by IT stocks, which rose for a fourth consecutive session, along with buying in auto, metal and PSU banking stocks. (Economic Times Markets)

Read more Stock Market Today, GIFT Nifty Live: Sensex, Nifty To Open Flat; Nikkei Slips 2%; UltraTech Cement, Hindustan Zinc Q2 Results In Focus · Nifty gains 3% as analysts predict recovery; key resistance levels ahead · DIIs increase stake in 8 midcap stocks in Q2FY27 · Can Nifty, Sensex rally further or will bears reign in? 5 factors to decide market action next week

Economy & policy

Economy and policy

• Tata Sons reviews AoA to meet Sebi listing norms. Tata Sons is reviewing its Articles of Association to comply with Sebi listing regulations, which may impact the influence of Tata Trusts on board appointments. (Economic Times Markets)
• Global investors against use of judicial anti-avoidance rule by tax officials. International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. (Economic Times Markets)
• India's GDP per capita catching up with richer nations, growth worth celebrating: Korean economist. The economist pointed to India's rising per capita income and a sharp decline in poverty to argue that the country's economic transformation over the past three decades, particularly the last 10 years, deserves greater attention (Business Today Mkts)
• Tamil Nadu Monsoon Alert: Why Chennai Is Facing Heavy Waterlogging And What IMD Predicts Till Oct 23. The IMD warned of continued rainfall across Tamil Nadu, with very heavy rain possible through Oct. 21. A yellow alert was reported to remain in place through Oct. 23. (NDTV Profit)

Read more Tata Sons reviews AoA to meet Sebi listing norms · Global investors against use of judicial anti-avoidance rule by tax officials · India's GDP per capita catching up with richer nations, growth worth celebrating: Korean economist · Tamil Nadu Monsoon Alert: Why Chennai Is Facing Heavy Waterlogging And What IMD Predicts Till Oct 23

Companies

• Mcap of nine of top-10 most valued firms surges by ₹3.65 trn, TCS shines. The combined market valuation of nine of the top-10 most valued firms surged by Rs 3.65 lakh crore last week, with TCS, Bharti Airtel and Infosys emerging as the biggest winners, amid a bullish trend in equities. (Business Standard Mkts)
• Q2 results 2026 today Oct 19 Monday: Hindustan Zinc, IREDA, L&T Tech, Union Bank among 35 firms to announce earnings. Indian benchmarks posted a second straight week of gains, with the Nifty and Sensex rising after a sharp recovery. (LiveMint Markets)
• Banks also count cost of insurance payout curbs. Central Bank of India anticipates a 33% decline in bancassurance fees due to proposed regulations. Canara Bank expects a ₹145-crore hit to its fee income from similar changes. (ET Stocks)
• Pharma Q2 Outlook: Pricing pressure, US competition to weigh on select players. India's pharmaceutical companies are expected to have a mixed performance in the upcoming September quarter. Companies like Sun Pharmaceutical Industries and Aurobindo Pharma are likely to report good growth. (Economic Times Markets)

Read more Mcap of nine of top-10 most valued firms surges by ₹3.65 trn, TCS shines · Q2 results 2026 today Oct 19 Monday: Hindustan Zinc, IREDA, L&T Tech, Union Bank among 35 firms to announce earnings · Banks also count cost of insurance payout curbs · Pharma Q2 Outlook: Pricing pressure, US competition to weigh on select players

Companies

New issues

• Stock market this week: Jio IPO, crude volatility, FII selling, Q2 results among 7 factors to watch | Nifty outlook. Indian markets posted their strongest weekly gains since April, with Nifty 50 and Sensex rising more than 2.4%. (LiveMint Markets)
• Earnings, crude oil, Jio IPO key monitorables for investors next week. Quarterly earnings, crude oil, Jio Platforms' initial public offering and trading activity of foreign investors will drive investors' sentiment in a holiday-shortened week ahead, analysts said. (Business Standard Mkts)
• The Week Ahead: Jio Platforms IPO, RBI MPC Minutes, Q2 Results, US PMI Data In Focus. The primary market will remain in focus as Jio Platforms Ltd. and Paras Healthcare Ltd. open their public issues for subscription, while the September-quarter earnings season gathers pace. (NDTV Profit)
• Jio Platforms IPO, Paras Healthcare issue to drive primary market activity this week. Jio Platforms is gearing up for an impressive ₹30,213-crore initial public offering, set to debut on October 21. Following suit, Paras Healthcare is also preparing to launch its own ₹1,450 crore IPO. (Economic Times Markets)

Read more Stock market this week: Jio IPO, crude volatility, FII selling, Q2 results among 7 factors to watch | Nifty outlook · Earnings, crude oil, Jio IPO key monitorables for investors next week · The Week Ahead: Jio Platforms IPO, RBI MPC Minutes, Q2 Results, US PMI Data In Focus · Jio Platforms IPO, Paras Healthcare issue to drive primary market activity this week

Currency, commodities & rates

World

• Bessent's big reveal: 'I asked Europe to impose secondary tariffs on India, but they refused'. Bessent said he had personally approached European allies earlier this year to seek coordinated economic pressure on countries buying Russian energy (Business Today Mkts)
• How India's Refineries Continue To Supply Fuel To The West Amid Russian Oil Sanctions. Fuel exports from refineries processing Russian crude to countries imposing sanctions on Moscow rose 43% month-on-month to 1 billion euros in September, according to CREA. (NDTV Profit)
• India is an important US ally, can't pivot from Russian oil overnight: Marco Rubio ahead of Mumbai visit. Trump on Friday signed an executive order exempting Russia from a new sanctions measure under the Graham Act, passed by the US Congress last month (Business Today Mkts)

Read more Bessent's big reveal: 'I asked Europe to impose secondary tariffs on India, but they refused' · How India's Refineries Continue To Supply Fuel To The West Amid Russian Oil Sanctions · India is an important US ally, can't pivot from Russian oil overnight: Marco Rubio ahead of Mumbai visit

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