Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Further, The rally was driven by buying in heavyweight stocks and optimism surrounding September-quarter earnings, despite persistent concerns in global markets over AI-related debt and intensifying competition in the semiconductor industry.
Private bank, IT and auto shares advanced while PSU Bank, media and FMCG shares declined.
As per provisional closing data, the S&P BSE Sensex surged 1,533.72 points or 2.11% to 74,315.61. The Nifty 50 index jumped 374.65 points or 1.66% to 22,997.35.
In the broader market, the BSE 150 Midcap Index shed 0.48% and the BSE 250 Smallcap Index declined 1.04%.
The market breadth was weak. On the BSE, 1,716 shares rose and 2,670 shares fell. A total of 214 shares were unchanged.
In the commodities market, Brent crude for December 2026 settlement dropped $2.44 or 2.30% to $103.62 a barrel. The United States 10-year bond yield tumbled 2.10% to 5.080.
Initial Public Offer (IPO)
HD Fire Protect received bids for 2,31,12,77,760 shares as against 1,84,20,492 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 125.47 times.
The issue opened for bidding on 13 October 2026 and will close on 15 October 2026. The price band of the IPO is fixed between Rs 258 and 271 per share. An investor can bid for a minimum of 55 equity shares and multiples thereof.
Fusion CX received bids for 1,39,47,939 shares as against 1,40,40,000 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 0.99 times.
The issue opened for bidding on 14 October 2026 and will close on 16 October 2026. The price band of the IPO is fixed between Rs 275 and 289 per share. An investor can bid for a minimum of 51 equity shares and multiples thereof.
Tonbo Imaging India received bids for 3,09,16,242 shares as against 85,26,033 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 3.63 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 665 and 700 per share. An investor can bid for a minimum of 21 equity shares and multiples thereof.
Zetwerk Manufacturing Business received bids for 2,29,76,415 shares as against 18,50,66,845 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 0.12 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 143 and 151 per share. An investor can bid for a minimum of 99 equity shares and multiples thereof.
Sahajanand Medical Technologies received bids for 28,37,871 shares as against 97,50,482 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 0.29 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 327 and 344 per share. An investor can bid for a minimum of 43 equity shares and multiples thereof.
Bonfiglioli Transmissions received bids for 1,24,72,800 shares as against 3,02,82,330 shares on offer, according to stock exchange data at 15:30 IST on 15 October 2026. The issue was subscribed 0.41 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 558 and 586 per share. An investor can bid for a minimum of 25 equity shares and multiples thereof.
Buzzing Index:
The Nifty Private Bank index jumped 1.89% to 27,679.30. The index declined 0.58% in the past trading session.
ICICI Bank (up 3.18%), HDFC Bank (up 1.9%), IndusInd Bank (up 1.88%), Kotak Mahindra Bank (up 1.81%), Axis Bank (up 1.67%), Bandhan Bank (up 0.81%), Federal Bank (up 0.39%), IDFC First Bank (up 0.14%) advanced.
Stocks in Spotlight:
Reliance Industries rose 2.90% after its subsidiary, Jio Platforms, filed the Red Herring Prospectus (RHP) for its proposed initial public offering (IPO) and announced the price band.
Jio Platforms has fixed the IPO price band at Rs 1,065-1,119 per equity share. Eligible employees bidding under the employee reservation portion will receive a discount of Rs 54 per share. The minimum bid lot is 12 equity shares, with bids accepted in multiples of 12 shares. The proposed IPO comprises a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each.
Reliance Industries will retain a controlling 66.43% stake in Jio Platforms. As of 31 March 2026, Reliance Industries held 593.78 crore shares in the company.
Nestle India fell 7.52%. The company reported a 35.9% YoY increase in consolidated net profit to Rs 1,009.61 crore in Q2 FY27, compared with Rs 743.17 crore in Q2 FY26. Revenue from operations rose 20.2% YoY to Rs 6,788.34 crore from Rs 5,643.61 crore. Sequentially, net profit increased 5.3% from Rs 958.68 crore in Q1 FY27, while revenue from operations rose 6.7% from Rs 6,378.18 crore.
Tata Technologies shed 0.68% after a sequential decline in net income in Q2 September 2026. On a consolidated basis, the company reported a 3.6% YoY increase in net income to Rs 171.4 crore and a 28.4% rise in revenue from operations to Rs 1,698.8 crore in Q2 FY27. Sequentially, net income declined 5.2%, while revenue increased 2.1% during the quarter.
Hathway Cable Datacom dropped 6.73% after the company reported a 44.3% year-on-year (YoY) decline in consolidated net profit to Rs 10.21 crore in Q2 FY27, compared with Rs 18.26 crore in Q2 FY26. Revenue from operations increased 5.75% YoY to Rs 567.51 crore in the quarter ended 30 September 2026.
Global Markets:
Dow Jones futures climbed 166 points, signalling a positive opening for US equities.
European equities advanced on Thursday as stronger-than-expected UK economic growth data offset concerns over a global technology sell-off and hotter-than-expected US inflation. The UK economy grew 0.1% in August, against forecasts for a 0.1% contraction, according to the Office for National Statistics (ONS).
Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran did not seek an endless war or prolonged negotiations with the United States but would continue fighting until Washington accepted its demands.
Asian equities ended lower as the technology sell-off intensified. South Korea's Kospi plunged 7.57% to close at 5,554.22, while Japan's Nikkei 225 also recorded steep losses. Semiconductor stocks faced heavy selling pressure, with Samsung Electronics and SK Hynix among the major decliners.
The sell-off reflected concerns over the sustainability of AI-related investment and intensifying competition in the semiconductor industry. Reports of advances by Chinese memory-chip maker ChangXin Memory Technologies (CXMT) added to concerns over competition and potential pricing pressure in the global memory-chip market.
US equities ended lower on Wednesday, with technology shares accounting for much of the decline. The Nasdaq Composite dropped 1.88% to 26,692.87, while the S&P 500 fell 1.11% to 7,718.94. The Dow Jones Industrial Average slipped 0.09% to 51,621.48.
According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.6% in September from August, following a 0.4% increase in August. Annual inflation accelerated to 3.7% from 3.4%. Gasoline prices rose 9.1% during the month, accounting for more than half of the monthly increase in the overall index.
Core CPI, which excludes food and energy, increased 0.3% month on month and 2.6% year on year, compared with 2.4% in August. The stronger inflation reading heightened concerns over persistent price pressures and the possibility of interest rates remaining elevated for longer.
Profit before exceptional items and tax increased 36.41% to Rs 1,403.05 crore in Q2 FY27 compared with Rs 1028.52 crore in Q2 FY26. Exceptional items stood at Rs 3.69 crore in the quarter ended 30th September 2026.
The company's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 1,615.5 crore during the quarter, compared with Rs 1,232.7 crore a year earlier. The EBITDA margin stood at 23.8% in Q2 FY27.
The company said advertising and marketing expenditure increased 46% during the quarter as the company continued to invest in its brands while focusing on operational efficiencies and productivity to mitigate commodity cost pressures.
Total sales increased 20.5% YoY to Rs 6,782.2 crore in Q2 FY27, driven by robust double-digit volume growth across product groups. Domestic sales grew 20.4% during the quarter, reflecting broad-based demand across the company's portfolio.
Among product categories, confectionery recorded another quarter of strong, volume-led double-digit growth, supported by market share gains in KitKat and continued momentum in Munch and Milkybar. Powdered and liquid beverages also delivered strong growth, driven by household penetration and premiumisation across the coffee portfolio.
The prepared dishes and cooking aids segment reported strong growth, with Maggi noodles expanding through rural penetration. Milk products and nutrition registered broad-based growth, while the pet food business and Nestlé Professional continued to deliver double-digit growth.
On the commodity front, Nestlé India expects coffee and wheat prices to remain range-bound, while sugar and edible oil prices have stabilised at elevated levels. Cocoa prices remain volatile due to weather-related concerns in key producing regions. Milk prices have strengthened seasonally but are expected to ease as fresh supplies arrive.
Manish Tiwary, chairman and managing director, Nestlé India, said: “Rising inflation, particularly food inflation, is a reality. We remain focused on navigating these external challenges through continuous innovation and renovation, sustained investments behind our brands, and an intensified focus on productivity and operational efficiencies to mitigate commodity cost pressures. I would like to thank our teams for their extraordinary commitment, resilience, and unwavering focus on execution in this challenging environment.
E-commerce also continued its strong trajectory, driven by sustained shopper engagement, portfolio breadth, and focused channel-specific execution. General Trade delivered robust, double-digit growth across town classes, led by strong momentum in rural markets. Continued expansion of rural distribution touchpoints enhanced our direct reach and strengthened market coverage.”
Nestle India is a subsidiary of Nestle S.A., Switzerland, and operates across categories including food, beverages, chocolate, and confectionery.
Nestle India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1298.1, down 0.73% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 22478.35. The Sensex is at 72073.15, up 0.23%.Nestle India Ltd has eased around 7.15% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 3.47% in last one month and is currently quoting at 43789.85, up 0.5% on the day. The volume in the stock stood at 11.86 lakh shares today, compared to the daily average of 11.78 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 1304.4, down 0.74% on the day. Nestle India Ltd jumped 9.85% in last one year as compared to a 10.37% slide in NIFTY and a 20.07% fall in the Nifty FMCG index.
The PE of the stock is 66.96 based on TTM earnings ending June 26.
Nestle India Ltd is down for a fifth straight session today. The stock is quoting at Rs 1398.8, down 0.83% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.6% on the day, quoting at 23754.05. The Sensex is at 76038.44, down 0.62%.Nestle India Ltd has lost around 8.49% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 7.62% in last one month and is currently quoting at 45892.75, down 0.63% on the day. The volume in the stock stood at 5.57 lakh shares today, compared to the daily average of 15.48 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1408.2, down 0.31% on the day. Nestle India Ltd jumped 17.77% in last one year as compared to a 4.11% slide in NIFTY and a 18.81% fall in the Nifty FMCG index.
The PE of the stock is 72.93 based on TTM earnings ending June 26.
Nestle India Ltd is down for a fifth straight session today. The stock is quoting at Rs 1460, down 0.17% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 24043.1. The Sensex is at 76859.21, down 0.49%.Nestle India Ltd has added around 0.95% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 3.24% in last one month and is currently quoting at 47734.8, down 0.54% on the day. The volume in the stock stood at 11.72 lakh shares today, compared to the daily average of 25.32 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 1465, up 0.03% on the day. Nestle India Ltd jumped 22.66% in last one year as compared to a 4.02% slide in NIFTY and a 16.21% fall in the Nifty FMCG index.
The PE of the stock is 75.18 based on TTM earnings ending June 26.
Nestle India Ltd rose for a third straight session today. The stock is quoting at Rs 1509.5, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24210.65. The Sensex is at 77537, up 1%. Nestle India Ltd has added around 7.42% in last one month.
Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has added around 1.72% in last one month and is currently quoting at 48881.2, up 1.54% on the day. The volume in the stock stood at 15.88 lakh shares today, compared to the daily average of 22.75 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 1515.4, up 1.4% on the day. Nestle India Ltd is up 35.29% in last one year as compared to a 2.59% fall in NIFTY and a 9.79% fall in the Nifty FMCG index.
The PE of the stock is 76.77 based on TTM earnings ending June 26.
Profit before exceptional items and tax rose 47.77% YoY to Rs 1,330.62 crore. The company reported exceptional items of Rs 6.23 crore, primarily on account of restructuring costs related to employee severance compensation.
EBITDA increased 39.81% YoY to Rs 1,538.13 crore, while the EBITDA margin stood at 24.2% in Q1 FY27.
All four product groups - confectionery, powdered and liquid beverages, prepared dishes and cooking aids, and milk products and nutrition- posted strong double-digit growth during the quarter, supported by robust double-digit growth across distribution channels.
The company said its e-commerce business maintained strong growth, with quick commerce emerging as a key growth driver. Performance was supported by improved product availability, a platform-specific product portfolio, targeted on- and off-platform marketing investments, and strong consumer demand during key festive periods.
The company also reported double-digit growth in organized trade, aided by stronger in-store execution, consumer engagement initiatives, enhanced product visibility, and continued expansion of its retail footprint.
On the exports front, Nestlé India expanded its international presence by introducing new MAGGI noodle variants in Canada, larger sauce packs for the HoReCa segment, and a broader MAGGI portfolio across Europe. Following the launch of NESCAFÉ Sunrise in the UAE and Saudi Arabia, exports commenced to Lebanon. The company was also awarded 4-Star Export House status in recognition of its growing export contribution.
Commenting on commodity trends, the company said coffee supply is expected to remain healthy despite short-term weather-related volatility, while cocoa and sugar remain under pressure, with cocoa impacted by erratic rainfall across key producing origins and sugar strengthening on lower-than-expected crop estimates, with uneven monsoon conditions linked to El Niño posing a risk to the next crop. Edible oil prices remain stable at elevated levels. Wheat and milk are expected to remain range-bound, while the protein complex (including dairy based proteins) continues to face inflationary pressure as demand from nutrition and protein-fortification trends outpaces supply expansion.
Manish Tiwary, chairman and managing director, Nestlé India, said: “delivered a strong quarter with sales growth of 25.4% led by volume growth. Sales stood at Rs 6,363.3 crore, powered by continued consumer trust in our brands and a strong focus on execution. Exports delivered 35.6% growth, despite ongoing geopolitical headwinds.
During the quarter, we further accelerated operational cost savings, and continued to step up investments behind our brands with advertising spends increasing by over 40%, with a healthy EBIDTA margin of 24.2%. Profit After Tax for the quarter stood at Rs. 975.1 crore, up 47.9% over the corresponding quarter.”
Investors will closely monitor further developments in the West Asia conflict for cues on global risk sentiment and crude oil prices. The progress of the southwest monsoon and the ongoing Q1 FY27 earnings season will also remain key factors influencing market direction in the near term.
Realty, PSU Bank, and Pharma stocks witnessed the sharpest declines, while FMCG and Auto shares bucked the trend to trade in the green.
At 13:25 IST, the barometer index, the S&P BSE Sensex tumbled 748.43 points or 0.97% to 76,715.93. The Nifty 50 index fell 202.65 points or 0.84% to 23,986.55.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index dropped 1.10% and the BSE 250 SmallCap Index declined 1.44%.
The market breadth was weak. On the BSE, 1,340 shares rose and 2,728 shares fell. A total of 208 shares were unchanged.
In the commodities market, Brent crude for September 2026 settlement surged $3.42 or 3.76% to $94.43 a barrel.
Gainers & Losers:
Bajaj Auto (up 5.37%), Nestle India (up 2.38%), Tata Consumer Products (up 1.32%), ONGC (up 0.78%) and Power Grid Corporation of India (up 0.51%) were the major Nifty50 gainers.
Indigo (down 3.40%), Infosys (down 2.38%), Jio Financial Services (down 2.19%) and State Bank of India (SBI) (down 2.07%) and Tata Motors Passenger Vehicles (TMPV) (down 1.68%) were the major Nifty50 losers.
Nestle India jumped 2.38% after the company’s standalone net profit climbed 47.92% to Rs 975.12 crore in Q1 FY27, compared with Rs 659.23 crore in Q1 FY26. Revenue from operations climbed 25.16% YoY to Rs 6,378.18 crore, while total sales increased 25.4% to Rs 6,363.27 crore, led by strong domestic sales growth of 25% during the quarter.
Bharat Coking Coal tumbled 6.75% after the company reported a net loss of Rs 68.09 crore in Q1 FY27 as against a net profit of Rs 176.87 crore in Q1 FY26. Revenue from operations for the period under was Rs 3,587.27 crore, down 3.56% YoY.
Pharmaceutical companies came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan on imported generic medicines. Trump announced that generic medicines imported into the US will continue to attract zero tariffs for two years from 1 August 2026. The tariff will then rise to 100% from 1 August 2028 for one year, before increasing to 200% from 1 August 2029.
Lupin fell 3.83%, followed by Piramal Pharma (3.52%), Aurobindo Pharma (2.89%), Sai Life Sciences (2.62%), and Ajanta Pharma (2.39%). Other notable losers included Zydus Lifesciences (2.03%), Gland Pharma (2.03%), Wockhardt (1.87%), Alkem Laboratories (1.77%), and Dr. Reddy's Laboratories (1.63%).
Crisil rallied 4.48% after the company reported 26.2% rise in consolidated net profit to Rs 216.5 crore on a 27.6% increase in income from operations to Rs 1,075.4 crore in Q2 CY26 as compared with Q2 CY25.
Sunteck Realty declined 5.88% after the company’s consolidated net profit fell 33.68% to Rs 42.28 crore on a 43.5% drop in revenue from operations to Rs 191.56 crore in Q1 FY27 over Q4 FY26.
Cyient DLM surged 11.34% after the company’s consolidated net profit soared 118.23% to Rs 16.28 crore in Q1 FY27, compared with Rs 7.46 crore in Q1 FY26. Revenue from operations increased 34.26% YoY to Rs 373.80 crore in Q1 FY27.
Mahindra & Mahindra Financial Services surged 6.63% after the non-banking finance company (NBFC) reported a strong rise in quarterly profit, supported by record first-quarter disbursements, higher margins and lower credit costs. On a standalone basis, profit after tax increased 69.6% YoY to Rs 899 crore in Q1 FY27. Total income rose 12.1% YoY to Rs 4,974 crore in the quarter ended 30 June 2026.
Bandhan Bank tumbled 15.92% after the lender lowered its FY27 exit return on assets (RoA) guidance and warned of sustained pressure on margins. In its post-earnings conference call, the bank revised its FY27 exit RoA guidance to 1.2%-1.4% from 1.6%-1.8% earlier.
For the quarter ended 30 June 2026, the bank reported a standalone net profit of Rs 501.67 crore, up 34.9% from Rs 371.96 crore a year earlier but down 6.1% from Rs 534.14 crore in the previous quarter. Net interest income rose 5.9% YoY to Rs 2,921 crore, while net revenue increased 1.2% YoY to Rs 3,524 crore.
MPS surged 13.92% after the company reported a 42.99% year-on-year increase in consolidated net profit to Rs 50.39 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 35.24 crore in Q1 FY26. Revenue from operations grew 20.38% YoY to Rs 224.24 crore in Q1 FY27.
European market advance after the UK inflation rate eased to 2.6% year-on-year in June 2026, down from 2.8% in May, according to the Office for National Statistics (ONS). The reading moved closer to the Bank of England's 2% inflation target.
June’s U.K. inflation print was lower than the euro zone’s 2.8% reading for June, and well below the U.S. inflation rate of 3.5% recorded for the same month.
Asian markets traded in the green on Wednesday as investors took cues from a rebound in U.S. markets, shrugging off climbing oil prices as Houthi rebels threatened to open a front in the widening Middle East conflict.
In the commodity markets, brent crude jumped after two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats of attack from Yemen's Iran-aligned Houthis.
Overnight in the US, the S&P 500 fell on Monday as oil prices advanced in response to the latest bout of military exchanges between the U.S. and Iran.
The broad market index dropped 0.19% to close at 7,443.28, while the Nasdaq Composite lost 0.05% and ended at 25,508.07. The Dow Jones Industrial Average fell 307.16 points, or 0.59%, to 51,839.26.
The U.S. completed its ninth consecutive day of strikes on Iran overnight, but investor sentiment improved by midmorning in London after Iranian Foreign Ministry spokesman Esmail Baghaei lifted hopes for a diplomatic settlement.
Baghaei was quoted by the media saying that intermediaries had continued to exchange messages with Iran amid the latest round of U.S. strikes, and said negotiations between the two adversaries could be pursued based on national interests.