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The central bank said the Indian economy remained resilient, with real GDP growth at 7.8% in Q1 FY27, supported by private consumption, fixed investment, a rebound in merchandise exports and sustained services exports. The RBI raised its FY27 real GDP growth forecast to 7.1% from 6.7% projected in its August policy review. It also revised upward its Q2 and Q3 growth projections to 7.2% and 6.9%, respectively, from 6.4% and 6.5% earlier.
Going ahead, market participants will track the September-quarter earnings season, which kicked off with results from GM Breweries and IT bellwether Tata Consultancy Services (TCS). Investors will also monitor sector-specific business updates, stock-specific developments and movements in the Indian rupee for further cues on market direction. Investors will track foreign institutional investors (FIIs) flows.
In the week ended on Friday, 9 October 2026, the S&P BSE Sensex jumped 562.63 points or 0.78% to settle at 72,472.33. The Nifty 50 index gained 98.50 points or 0.44% to settle at 22,520.45.
Weekly Index Movement:
The key equity benchmarks ended higher on Monday, snapping a four-session losing streak as easing crude oil prices, softer US jobs data and buying across sectors improved investor sentiment. The S&P BSE Sensex rose 472.77 points, or 0.66%, to 72,382.47, while the Nifty 50 index gained 133.80 points, or 0.60%, to 22,555.75. Over the previous four sessions, the Sensex and Nifty had declined 2.69% and 3.11%, respectively.
The key equity benchmarks ended sharply higher on Tuesday, extending gains for a second consecutive session. The firmness was supported by positive global cues, easing crude oil prices and strong quarterly business updates from several companies. The S&P BSE Sensex jumped 685.34 points or 0.95% to 73,067.81. The Nifty 50 index rose 220.35 points or 0.98% to 22,776.10. Over two consecutive sessions, the Sensex and Nifty have jumped 1.61% and 1.58%, respectively.
The key equity indices ended with significant losses on Wednesday, tracking weak global cues. Investor sentiment remained cautious after the Reserve Bank of India (RBI) raised the policy repo rate by 25 basis points to 5.50% and shifted its monetary policy stance to calibrated tightening. The S&P BSE Sensex declined 429.11 points or 0.59% to 72,638.70. The Nifty 50 index fell 173.05 points or 0.76% to 22,603.05. In the past two consecutive sessions, the Sensex and Nifty have jumped 1.61% and 1.58%, respectively.
Domestic equity market suffered a sharp selloff on Thursday, with benchmark indices falling to their lowest levels in 18 months as surging crude prices, a hawkish monetary policy stance and weak global cues weighed on investor sentiment. The S&P BSE Sensex tumbled 1,045.46 points or 1.44% to 71,593.24. The Nifty 50 index tanked 371.25 points or 1.64% to 22,231.80. In the two consecutive trading sessions, the Sensex declined 2.02%, while the Nifty 50 fell 2.39%.
The key equity indices ended with a major gains on Friday, snapping a two-session losing streak, as easing crude oil prices and improved global sentiment lifted investor appetite following Thursday’s sharp selloff. The barometer index, the S&P BSE Sensex jumped 879.09 points or 1.23% to 72,472.33. The Nifty 50 index added 288.65 points or 1.30% to 22,520.45.
RBI hikes repo rate by 25 bps:
The RBI Monetary Policy Committee (MPC) unanimously raised the repo rate by 25 basis points to 5.50% from 5.25%, in line with expectations, after its three-day meeting on 5-7 October. The RBI raised the repo rate for the first time in nearly three years and changed its policy stance from neutral to calibrated tightening. The Standing Deposit Facility (SDF) rate was raised to 5.25%, while the Marginal Standing Facility (MSF) rate and bank rate remained unchanged at 5.75%.
Economy:
The World Bank raised India’s FY27 GDP growth forecast to 7.1% from 6.6%, citing resilient domestic demand and strong momentum in consumption, investment and exports. Investment and exports grew around 12% in Q1 FY27, while services remained the largest driver of domestic growth. The bank also raised its 2026 South Asia growth forecast to 6.9% from 6.3%, while lowering the forecast for the region excluding India to 3.6% from 4.1%. Higher energy prices and El Niño remain key risks to the outlook.
Meanwhile, India’s services sector strengthened in September, with the seasonally adjusted HSBC India Services PMI Business Activity Index rising to 55.2 from 54.1 in August, marking the strongest growth since June. However, the average growth during Q2 FY27 was the weakest since the quarter ended March 2022. The improvement was supported by stronger domestic demand, while export business continued to expand at a slower pace. Input-cost pressures eased to a 10-month low, reducing the need for price increases, while service providers’ expectations for future activity improved for the second consecutive month.
Stocks in Spotlight:
Tata Consultancy Services (TCS) jumped 3.90%. The IT major reported a 1.3% quarter-on-quarter and 11.2% year-on-year increase in consolidated revenue to Rs 73,188 crore in Q2 FY27. Constant-currency revenue growth stood at 0.5% QoQ. Net profit rose 4.01% QoQ and 14.98% YoY to Rs 13,884 crore, with a net margin of 19%. The company reported an operating margin of 24% in Q2 FY27.
The company's total contract value (TCV) stood at $9.6 billion in Q2 FY27, up from $9.5 billion in Q1 FY27 but down from $12 billion in Q4 FY26.
The company declared a dividend of Rs 12 per share. The record date is 14 October 2026, and the dividend will be paid on 30 October 2026.
Titan Company fell 2.34%. The company reported its provisional business update for Q2 FY27. The company said its consumer businesses recorded 25% year-on-year growth during the quarter ended 30 September 2026. It added 78 net stores during the quarter, taking its combined retail network to 3,758 stores. The jewellery business saw a moderation in growth from 39% in Q1 FY27 to around 21% in Q2 FY27.
Kalyan Jewellers India gained 4.82%. The jewellery retailer reported consolidated revenue growth of more than 26% year-on-year (YoY) in Q2 FY27, supported by strong operating momentum across its key markets. Revenue from the company's India operations grew approximately 27% YoY during the quarter, with same-store sales growth (SSSG) of around 20%, despite a high base in the year-ago period due to strong Navratri sales.
Trent surged 13.11%. The company's standalone revenue from operations, excluding GST, rose 23% year on year to Rs 5,788 crore in Q2 FY27 from Rs 4,724 crore in Q2 FY26. Revenue for the first half of FY27 increased 21% to Rs 11,454 crore from Rs 9,505 crore in the corresponding period a year earlier. Trent crossed the 1,000-store milestone for its Zudio format during the quarter. As of 30 September 2026, the company's portfolio stood at 1,342 stores across Westside, Zudio and other lifestyle brands.
Raymond Realty surged 7.64%. The company reported a 98% year-on-year (YoY) increase in pre-sales to Rs 902 crore in Q2 FY27, compared with Rs 455 crore in Q2 FY26.
Tata Motors Passenger Vehicles rose 0.18%. The company’s wholly owned subsidiary, Jaguar Land Rover (JLR), reported a 24.54% year-on-year (YoY) increase in wholesales to 82,400 units in Q2 FY27 from 66,165 units in Q2 FY26.
FSN E-Commerce Ventures (Nykaa) jumped 5.55%. The company provided a quarterly business update for Q2 FY27, indicating continued growth across its Beauty and Fashion verticals. Consolidated gross merchandise value (GMV) is expected to grow in the high-twenties range in Q2 FY27, while net sales value (NSV) growth is expected to be in the early-thirties range. Consolidated net revenue growth is expected to be in the late-twenties range.
Global Markets:
Europe Market:
Eurozone business activity strengthened in September, with the Services Purchasing Managers’ Index (PMI) rising to 53.0 from 51.6 in August. The Composite PMI increased to 53.1 from 52.0, reaching its highest level since April 2023.
Industrial producer prices in the euro are and EU rose 1.9% month-on-month in August.
In the United Kingdom, the Services PMI eased to 52.1 in September from 52.5 in August, while the Composite PMI declined to 52.0 from 52.5, signalling a moderation in private-sector business activity.
Asian Market:
In Japan, consumer confidence edged lower to 35.4 in September 2026, compared with 35.5 in August 2026. The Services PMI declined to 51.3 in September 2026, down from 52.5 in August 2026.
In Singapore, retail sales fell 1.0% month-on-month while, increasing 0.7% year-on-year in August 2026.
Philippines September headline inflation accelerated to 7.2% in September 2026 from 6.1% in August, while core inflation rose to 4.7% from 4.1%, indicating intensifying price pressures.
US Market:
US nonfarm payroll employment increased by 29,000 in September, well below economists' expectations of 90,000. The unemployment rate rose to 4.2% from 4.1% in August. Payroll gains for July and August were revised lower by a combined 60,000.
The weaker-than-expected jobs data reduced expectations of a 25-basis-point Fed rate hike at the end of October. CME FedWatch showed the probability of a hike at 22.7%, down from 24.4% in the previous session and 64.2% a week earlier.
The release of minutes from the Federal Reserve's September meeting also weighed on sentiment. The minutes showed that all 19 policymakers supported the September rate hike, while most officials considered another rate increase likely to be appropriate by the end of the year. However, the minutes also showed differences among policymakers over the inflation outlook and the need for further rate increases.
The US trade deficit widened sharply in August to $105.6 billion, up 13.7% from the previous month and the largest since March 2025. The increase was driven largely by a jump in imports, including crude oil, semiconductors and other goods, with imports reaching a record level.
Shares of Bandhan Bank, Ambuja Cements and SAIL are barred from F&O trading on 6 October 2026.
Stocks to Watch:
Axis Bank: The private sector lender reported a 20.7% year-on-year (YoY) increase in total deposits to Rs 14,52,100 crore as of 30 September 2026. Gross advances rose 22.7% YoY to Rs 13,84,600 crore.
Kotak Mahindra Bank: The bank’s total deposits increased 23.2% YoY to Rs 6,51,491 crore as of 30 September 2026, compared with Rs 5,28,776 crore a year earlier. Net advances grew 24.7% YoY to Rs 5,77,094 crore.
Trent: The Tata Group’s retail company reported a 23% YoY increase in standalone revenue from operations to Rs 5,788 crore in the second quarter of FY27. Revenue from operations for the first half of FY27 rose 21% YoY to Rs 11,454 crore.
Godrej Consumer Products: The fast-moving consumer goods (FMCG) company expects to deliver another quarter of strong performance at the consolidated level in Q2 FY27, with high-teens revenue growth, high-single-digit underlying volume growth and double-digit growth in earnings before interest, taxes, depreciation and amortisation (EBITDA). The company expects to sustain growth despite uneven monsoon conditions associated with an intensifying El Niño and inflationary pressures across several commodity-linked inputs.
Juniper Hotels: The hospitality company has entered into a binding memorandum of understanding (MoU) with Imagicaaworld Entertainment for the acquisition of the operating Novotel Imagicaa hotel in Khopoli, Maharashtra, for a total consideration of Rs 248 crore.
IDFC First Bank: The bank reported a 17% YoY increase in total deposits to Rs 3,23,697 crore as of 30 September 2026, while loans and advances rose 20.4% YoY to Rs 3,13,864 crore. During the quarter, the bank mobilised Rs 34,390 crore of FCNR(B) deposits, equivalent to approximately $3.6 billion as stated in the company update.
IndusInd Bank: Total deposits rose 10.1% YoY to Rs 4,29,038 crore as of 30 September 2026, compared with Rs 3,89,600 crore a year earlier. Net advances increased 11.1% YoY to Rs 3,62,393 crore.
Revenue from the sale of merchandise, excluding other operating income, also grew 23% year on year during the quarter and 21% in the first half of FY27.
Trent crossed the 1,000-store milestone for its Zudio format during the quarter. As of 30 September 2026, the company's portfolio stood at 1,342 stores across Westside, Zudio and other lifestyle brands.
During Q2 FY27, Trent opened 10 Westside stores and 17 Zudio stores on a net basis. For the first half of FY27, the company added 11 Westside stores and 36 Zudio stores.
Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment.
The company’s standalone net profit jumped 25.84% to Rs 531.77 crore compared with Rs 422.59 crore in Q1 FY26. Revenue from operations grew 18.51% YoY to Rs 5,666.30 crore.
Trent Ltd, Alok Industries Ltd, Parag Milk Foods Ltd and Cello World Ltd are among the other gainers in the BSE's 'A' group today, 06 October 2026.
Alkyl Amines Chemicals Ltd surged 16.65% to Rs 2017.65 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 67424 shares were traded on the counter so far as against the average daily volumes of 3075 shares in the past one month.
Trent Ltd spiked 11.08% to Rs 2860.2. The stock was the second biggest gainer in 'A' group. On the BSE, 2.5 lakh shares were traded on the counter so far as against the average daily volumes of 87995 shares in the past one month.
Alok Industries Ltd soared 9.27% to Rs 7.78. The stock was the third biggest gainer in 'A' group. On the BSE, 11.12 lakh shares were traded on the counter so far as against the average daily volumes of 17.35 lakh shares in the past one month.
Parag Milk Foods Ltd advanced 9.05% to Rs 306.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 3.18 lakh shares in the past one month.
Cello World Ltd jumped 8.23% to Rs 368.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 27200 shares in the past one month.
Honasa Consumer Ltd, Jindal Steel Ltd, PG Electroplast Ltd, Urban Company Ltd are among the other stocks to see a surge in volumes on NSE today, 06 October 2026.
Trent Ltd witnessed volume of 56.8 lakh shares by 14:14 IST on NSE, a 6.38 times surge over two-week average daily volume of 8.90 lakh shares. The stock increased 12.40% to Rs.2,900.00. Volumes stood at 8.02 lakh shares in the last session.
Honasa Consumer Ltd clocked volume of 219.82 lakh shares by 14:14 IST on NSE, a 6.17 times surge over two-week average daily volume of 35.62 lakh shares. The stock gained 8.04% to Rs.477.65. Volumes stood at 8.18 lakh shares in the last session.
Jindal Steel Ltd clocked volume of 36.11 lakh shares by 14:14 IST on NSE, a 4.56 times surge over two-week average daily volume of 7.92 lakh shares. The stock lost 1.67% to Rs.1,079.00. Volumes stood at 4.44 lakh shares in the last session.
PG Electroplast Ltd notched up volume of 40.22 lakh shares by 14:14 IST on NSE, a 4.26 fold spurt over two-week average daily volume of 9.43 lakh shares. The stock rose 8.86% to Rs.530.90. Volumes stood at 14.76 lakh shares in the last session.
Urban Company Ltd notched up volume of 145.62 lakh shares by 14:14 IST on NSE, a 3.89 fold spurt over two-week average daily volume of 37.43 lakh shares. The stock rose 7.43% to Rs.171.45. Volumes stood at 26.95 lakh shares in the last session.
Trent Ltd, Power Grid Corporation of India Ltd, Indus Towers Ltd, Sun TV Network Ltd are among the other stocks to see a surge in volumes on BSE today, 11 September 2026.
Larsen & Toubro Ltd notched up volume of 4.5 lakh shares by 10:45 IST on BSE, a 6.63 fold spurt over two-week average daily volume of 67913 shares. The stock slipped 1.33% to Rs.3,902.55. Volumes stood at 74492 shares in the last session.
Trent Ltd witnessed volume of 4.3 lakh shares by 10:45 IST on BSE, a 6.54 times surge over two-week average daily volume of 65741 shares. The stock increased 0.05% to Rs.2,791.20. Volumes stood at 1.88 lakh shares in the last session.
Power Grid Corporation of India Ltd recorded volume of 57.35 lakh shares by 10:45 IST on BSE, a 4.86 times surge over two-week average daily volume of 11.81 lakh shares. The stock lost 0.92% to Rs.269.50. Volumes stood at 69.35 lakh shares in the last session.
Indus Towers Ltd recorded volume of 4.09 lakh shares by 10:45 IST on BSE, a 3.61 times surge over two-week average daily volume of 1.13 lakh shares. The stock gained 3.62% to Rs.386.20. Volumes stood at 79204 shares in the last session.
Sun TV Network Ltd witnessed volume of 74543 shares by 10:45 IST on BSE, a 3.6 times surge over two-week average daily volume of 20732 shares. The stock increased 4.57% to Rs.476.10. Volumes stood at 26248 shares in the last session.
Operating EBITDA increased 36% YoY to Rs 847 crore, driven by healthy operating leverage. The company's operating EBIT margin improved to 12.9% in Q1 FY27 from 11.5% in the year-ago quarter, while the gross margin profile of its Westside and Zudio brands remained stable.
Emerging categories, including beauty & personal care, innerwear and footwear, contributed more than 21% of revenue during the quarter. The company also said Westside's online business, together with its offering on the Tata Neu platform, continued to gain traction, with online sales accounting for over 6% of Westside's revenue.
During the quarter, Trent expanded its fashion retail footprint by opening 1 Westside and 22 Zudio stores, including 1 outlet in the UAE, while consolidating 3 Zudio stores and entering 9 new cities. As of 30 June 2026, the company operated 301 Westside stores, 982 Zudio stores (including 7 stores in the UAE) and 29 stores under other lifestyle concepts, taking its total fashion portfolio to more than 1,300 large-box fashion stores across 330 cities, with a retail footprint exceeding 18 million sq. ft.
On a consolidated basis, net profit rose 21.98% YoY to Rs 518.07 crore, while revenue from operations increased 17.84% YoY to Rs 5,754.71 crore. Consolidated operating EBITDA climbed 33% YoY to Rs 848 crore.
The Star food and grocery business continued to witness encouraging consumer traction despite an increasingly competitive environment. The company added five new Star stores during the quarter, taking the network to 86 stores across 12 cities. Management said the growing contribution of private labels continues to improve the business's store-level economics.
Noel N Tata, Chairman, Trent, said, “The business delivered encouraging performance during the quarter notwithstanding continuing macroeconomic volatility and geopolitical events.
Our brands continue to represent only a small share of the overall addressable market, providing significant headroom for growth across geographies and customer segments. While external market conditions may influence demand patterns from time to time, our performance is fundamentally anchored in our ability to offer relevant and aspirational products, remain attuned to evolving customer preferences, and respond with agility. We believe this context positions the business well to continue to grow and deliver significant value to its stakeholders.
In our Star business, we continue to apply Trent’s playbook and the contribution of our own brands and products is now over 73% of revenues. Star’s operational performance trends reinforce our conviction in the business model and its growth potential. As we look ahead, we will continue to invest in expanding our footprint, with a focus on building scale and strengthening our position across select markets.”
Market participants remained focused on the impact of CAS on weekly F&O expiry, while also tracking the trajectory of foreign fund flows, crude oil prices, geopolitical developments, and global market trends for further direction.
Realty, private bank and FMCG shares declined while media and metal shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex tanked 265.17 points or 0.34% to 78,370.32. The Nifty 50 index dropped 288.55 points or 1.16% to 24,487.80.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.08% and the BSE 250 SmallCap Index added 0.39%.
The market breadth was strong. On the BSE, 2,083 shares rose and 1,992 shares fell. A total of 213 shares were unchanged.
Gainers & Losers:
Trent (up 0.99%), Hindalco Industries (up 0.87%), Apollo Hospitals Enterprise (up 0.26%), Nestle India (up 0.11%) and ITC (up 0.05%) were the major Nifty50 gainers.
Grasim Industries (down 3.99%), HDFC Life Insurance Company (down 3.72%), Hindustan Unilever (down 2.52%), SBI Life Insurance Company (down 2.40%) and Bajaj Auto (down 2.35%) were the major Nifty50 losers.
RBI MPC meeting kicks off today:
The Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting entered its second day on Tuesday, 4 August 2026. RBI Governor Sanjay Malhotra is scheduled to announce the policy decision on Wednesday, 5 August 2026. Market participants will closely monitor the central bank's commentary on inflation, economic growth and the outlook for interest rates.
Dee Development Engineers hit the lower circuit of 5% after the company reported a 41.89% quarter-on-quarter decline in consolidated net profit to Rs 16.08 crore in Q1 FY27 from Rs 27.68 crore in Q4 FY26.
Restaurant Brands Asia surged 19.14% after reporting a sharp improvement in operating performance for Q1 FY27. The company reported a consolidated net loss of Rs 33 crore in Q1 FY27, narrowing from a loss of Rs 45.40 crore in Q1 FY26. Revenue from operations increased 17.9% YoY to Rs 822.60 crore in the quarter ended 30 June 2026.
Best Agrolife zoomed 13.45% after the company’s consolidated net profit surged 104.07% to Rs 40.65 crore on 3.92% increase in revenue from operations to Rs 396.2 crore in Q1 FY27 over Q1 FY26.
Great Eastern Shipping jumped 3.32% after the company reported a sharp rise in consolidated earnings for the quarter ended 30 June 2026, driven by robust growth in its shipping business. The company posted a consolidated net profit of Rs 1,308.84 crore in Q1 FY27, registering a 159.43% year-on-year (YoY) increase from the corresponding quarter last year. Revenue from operations surged 66.91% YoY to Rs 2,005.36 crore,
Ather Energy jumped 14.3% after the electric two-wheeler maker reported a sharp improvement in its Q1 FY27 financial performance. On a consolidated basis, the company's net loss narrowed to Rs 51.09 crore in Q1 FY27 from Rs 178.23 crore in Q1 FY26 and Rs 100.23 crore in Q4 FY26. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026.c
Global Market:
European market advanced after signs of diplomatic engagement between Washington and Tehran lifted sentiment, despite ongoing differences over the Gaza peace framework that kept regional risks in focus.
Asian markets traded mostly advanced on Tuesday tracking Wall Street's gains while investors remained cautious over geopolitical tensions in West Asia and the durability of the AI-fueled market rally.
Oil prices made limited gains as trading resumed in Asia, with Brent crude up 1.47% at $85 a barrel, after falling to a three-week low on Monday as U.S. President Donald Trump said he had held off on a fresh attack on Iran as a gesture of goodwill in peace talks. However, Tehran has denied that any negotiations are taking place.
Market pricing continues to indicate that September's Federal Reserve meeting will bring an increase to interest rates. Fed funds futures are pricing an implied 65% probability of a 25-basis-point hike at the U.S. central bank's next two-day meeting ending on September 16, according to the CME Group's FedWatch tool.
Federal Reserve Bank of New York President John Williams reportedly said he remained optimistic that inflation pressures are on track to ease gradually but said the Fed will hike rates if inflation doesn't slow.
Overnight in the US, markets took confidence from data showing that U.S. manufacturing activity increased to the highest level in more than four years in July, sending the Dow Jones to a record close.
The Dow Jones Industrial Average rose 693.38 points, or 1.32%, to 53,178.41, the S&P 500 gained 110.78 points, or 1.48%, to 7,600.50 and the Nasdaq Composite gained 540.04 points, or 2.13%, to 25,913.90.
Investors will receive several readings on the labor market this week, culminating with the government jobs report on Friday.