Share Market News

GIFT Nifty:

GIFT Nifty November 2026 futures fell 37 points, pointing to a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 14,974.68 crore, while domestic institutional investors (DIIs) were net sellers of Rs 10,444.54 crore in the Indian equity market 5 November 2026, according to provisional data.

FPIs bought shares worth Rs 22,349.91 crore in November through 5 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.

Global Markets:

Dow futures fell 319 points, signalling a weak opening for US stocks.

Asian market came under heavy selling pressure on Friday, 06 November 2026, as a sharp sell-off in US technology and semiconductor stocks spread across the region. Concerns over tighter regulation of artificial intelligence (AI) infrastructure and a potential slowdown in data-centre investments weighed on investor sentiment. South Korea's Kospi plunged more than 4%, while Japan's Nikkei 225 dropped over 5%.

US market suffered their steepest sell-off in more than a year on Thursday, with technology and AI-linked stocks leading the decline. The S&P 500 tumbled 4.36% to 7,353.73, its biggest one-day fall since April 2025. The Dow Jones Industrial Average dropped 1,833 points, or 3.44%, to 51,523.06, while the Nasdaq Composite plunged 5.52% to 24,315.

The Nasdaq's decline pushed the index more than 10% below its October record, placing it in correction territory. The sell-off followed concerns that Democratic victories in the US midterm elections could lead to tighter scrutiny of data-centre construction and AI infrastructure spending. Investors also reassessed valuations of companies that had benefited from the AI investment boom.

Semiconductor stocks led the losses. Nvidia fell more than 9%, while Qualcomm dropped 9% after its fourth-quarter smartphone chip sales outlook missed estimates. Sandisk declined 22.3%, Lumentum lost 18.7% and Micron Technology fell 17.5%. AppLovin bucked the trend, rising around 31% after reporting stronger-than-expected quarterly profit.

Crude oil prices recovered on Thursday after the previous session's steep decline. Brent crude futures settled at $98.29 a barrel, up 3.88%.

Investors will focus on the US October employment report, scheduled for release on Friday. The data could influence expectations for the Federal Reserve's interest-rate trajectory.

Comments from Federal Reserve officials on inflation and interest rates will also remain in focus. Cleveland Fed President Beth Hammack said interest rates need to remain restrictive to bring inflation back to the central bank's target.

Domestic Market:

The key equity benchmarks ended sharply higher on Thursday, extending their winning streak to six consecutive sessions. Improving global cues, a sharp decline in crude oil prices and easing bond yields lifted investor sentiment. Hopes of an early resolution to the US-Iran conflict, sustained foreign investor buying and reduced concerns over US tariffs further strengthened the rally. Broader market joined the upmove, with most sectoral indices ending higher. The Nifty climbed above the 24,500 mark. Auto and private bank stocks led the gains, reflecting broad-based buying interest, while media shares were among the few laggards.

The S&P BSE Sensex jumped 2,008.61 points or 2.60% to 79,310.01. The Nifty 50 index rose 576 points or 2.40% to 24,536.60. In six consecutive sessions, the Sensex and Nifty climbed 8.28% and 8.1%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures fell 87.50 points, pointing to a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 7,284.03 crore, while domestic institutional investors (DIIs) were net sellers of Rs 3,712.23 crore in the Indian equity market 4 November 2026, according to provisional data.

FPIs bought shares worth Rs 14,488.73 crore in November through 4 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.

Global Markets:

Dow futures rose 133 points, signalling a positive opening for US stocks.

Asian equities traded mostly higher on Thursday, following a sharp rally on Wall Street after Democrats secured control of both chambers of the US Congress in the midterm elections. South Korean technology stocks remained under pressure amid concerns over the outlook for AI infrastructure investment.

South Korea's current account surplus widened sharply to a record high of $61.46 billion in September 2026, compared with $46.11 billion in August.

Wall Street rallied on Wednesday, 4 November 2026, after Democrats won control of both the Senate and the House of Representatives. The Dow Jones Industrial Average jumped 1,569.40 points, or 3.03%, to 53,356.12. The S&P 500 advanced 1.58% to 7,688.62, while the Nasdaq Composite gained 1.44% to 25,736.51. The Dow recorded its strongest daily gain since April 2025. Falling crude oil prices and expectations of reduced policy uncertainty also supported investor sentiment.

Technology stocks showed mixed performance. Microsoft gained 6.68%, Amazon advanced 6.12% and Apple rose 5.31%. However, Nvidia declined 3.17%, while Micron fell 7%. Data-centre operators came under pressure amid concerns that Democratic control of Congress could lead to tighter scrutiny of AI infrastructure expansion. CoreWeave dropped 9.9%, Tesla lost 3.34% and Trump Media plunged 24.54%.

AMD shares rose around 1% after the chipmaker reported third-quarter revenue of $13.38 billion, up 45% year on year, and forecast fourth-quarter revenue of approximately $17 billion, plus or minus 3%. The company also reported data-centre revenue growth of 97% to $8.55 billion. Qualcomm fell 4.8% in after-hours trading after reporting earnings and issuing its outlook. McDonald's gained 6.5% after reporting higher quarterly profit and revenue, while Uber advanced 4.9% after its revenue and adjusted earnings exceeded expectations.

Economic data showed that US private-sector employment increased by 86,000 jobs in October, according to ADP, following a gain of 90,000 in September. The Institute for Supply Management's services PMI eased to 54.5 in October from 54.9 in September, below the market forecast of 54.8. The services sector continued to expand, but the moderation in activity and new orders indicated a slower pace of growth.

The US 10-year Treasury yield eased to around 4.88% as investors assessed the election outcome and the implications for fiscal policy and interest rates. Markets continued to price in the possibility of further Federal Reserve rate increases, with the reported probability of at least a 25-basis-point hike in December at 81.2%.

Crude oil prices remained under pressure after Wednesday's sharp decline. Brent crude fell 8.7% to $94.62 a barrel, its lowest level in two months. The selloff followed expectations that the change in congressional control could constrain US policy on the Iran conflict and improve prospects for a diplomatic resolution.

Domestic Market:

The key equity benchmarks ended higher on Wednesday, extending their winning streak to five consecutive sessions. Easing crude oil prices, renewed foreign portfolio investor (FPI) buying and a broader recovery in equities supported sentiment. The Nifty settled above the 23,950 mark. Realty and metal stocks advanced, while information technology shares remained under pressure.

Foreign investors were net buyers of Indian equities in November, providing further support to the market. Brent crude prices fell below $102 a barrel, offering relief to oil-importing economies such as India. Investors also assessed the outcome of the US midterm elections, with Democrats securing control of both chambers of Congress. The result raised concerns over potential changes in US trade policy and tighter regulation of the technology sector.

The S&P BSE Sensex rose 383.55 points or 0.50% to 77,301.40. The Nifty 50 index rose 149.75 points or 0.63% to 23,960.60. In fifth consecutive session, Sensex and Nifty climbed 5.54% and 5.56%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures surged 468.50 points, pointing to a strong opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 6,836.81 crore, while domestic institutional investors (DIIs) were net sellers of Rs 3,678.85 crore in the Indian equity market 3 November 2026, according to provisional data.

FPIs bought shares worth Rs 7590.11 crore in November through 3 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.

Global Markets:

Dow futures fell 373 points, signalling a negative opening for US stocks.

Asian equities came under pressure on Wednesday, 4 November 2026, as technology stocks extended losses amid concerns over foreign fund outflows and the returns from artificial intelligence investments. South Korea's Kospi and Taiwan's Taiex were among the worst performers.

Investors are closely watching the US midterm election results as vote counting gets underway. The outcome will determine control of Congress and could shape President Donald Trump's policy agenda for the remainder of his term.

The weakness in South Korea and Taiwan followed heavy selling in technology shares. The broader semiconductor sector remains sensitive to investor reassessments of spending on AI infrastructure.

Wall Street ended mixed on Tuesday, 3 November 2026, as a rebound in major technology stocks lifted the S&P 500 and Nasdaq, while the Dow remained lower. The Dow Jones Industrial Average fell 197.26 points, or 0.38%, to 51,786.72. The S&P 500 rose 27.52 points, or 0.36%, to 7,568.92, while the Nasdaq Composite gained 207.65 points, or 0.83%, to 25,372.01. The broader market remained subdued, with more S&P 500 stocks declining than advancing.

Technology shares recovered after recent losses. Nvidia rose 2.29%, Microsoft gained 2.74% and Amazon advanced 2.06%. Broadcom added 3.07%, while Micron gained 2.6%. The Philadelphia Semiconductor Index climbed around 3%, helping the Nasdaq end a three-session losing streak.

Apple fell 1.90% after warning that higher memory-chip costs could put pressure on its December-quarter gross margin. The company reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year on year, against analyst expectations of $113.4 billion. Net income increased 12% to $30.71 billion, while earnings per share stood at $2.10, above the $1.99 estimate. However, its December-quarter gross margin forecast of 45% to 46% was below the 47.9% reported in the September quarter.

AMD shares were in focus in after-hours trading after the chipmaker reported record third-quarter revenue of $13.38 billion, up 45% year on year. GAAP net income increased 95% to $2.43 billion, while diluted earnings per share rose to $1.46 from $0.75. Non-GAAP earnings per share climbed 74% to $2.09. Data Centre revenue nearly doubled, rising 97% to $8.55 billion.

AMD forecast fourth-quarter revenue of approximately $17 billion, plus or minus 3%, with a non-GAAP gross margin of around 55%. The revenue outlook implies year-on-year growth of approximately 66% at the midpoint. The guidance is significant for semiconductor stocks as investors assess demand for AI processors and data-centre infrastructure.

Other notable movers included Shopify, which fell 8.74%, and DuPont, which surged more than 9% after reporting better-than-expected results and raising its outlook. Gartner and Thomson Reuters also declined following their earnings updates.

On the economic front, US job openings increased to 7.531 million in September from 7.147 million in August, according to the Bureau of Labor Statistics. The increase suggested stronger labour demand, although job openings alone do not establish the pace of actual hiring. The data will be watched for its implications for the Federal Reserve's assessment of labour-market conditions and interest rates.

Crude oil prices edged lower in early Asian trading on Wednesday. Brent crude fell 0.25% to $103.34 a barrel. Investors continued to assess prospects for a US-Iran agreement to end the conflict. However, a senior Iranian official told the media that the two sides remained far from a deal. The market is also awaiting official US inventory data after the American Petroleum Institute reported an unexpected 5.27-million-barrel decline in crude stocks for the week ended 30 October.

Domestic Market:

The key equity indices ended sharply higher on Tuesday, extending their winning streak to a fourth consecutive session. Easing crude oil prices and continued FII buying supported sentiment. Expectations of a review of long-term capital gains tax also boosted investor confidence.

Finance Minister Nirmala Sitharaman said the government would consider requests to review capital gains taxes on foreign investors. A stronger rupee and value buying in large-cap stocks further supported the rally. Weakness in global AI-linked stocks also aided Indian equities.

However, investors remained cautious about geopolitical developments involving Iran. The Nifty closed above the 23,800 level. FMCG, realty and private bank shares were in demand. On the other hand, PSU banks and metal shares decined.

The S&P BSE Sensex jumped 1,225.07 points, or 1.62%, to 76,917.85, while the Nifty 50 rose 370.05 points, or 1.58%, to 23,810.85. In four consecutive sessions, the Sensex gained 5.01%, while the Nifty 50 added 4.47%.

GIFT Nifty:

GIFT Nifty November 2026 futures surged 284 points, pointing to a strong opening for the Nifty 50.

Investor sentiment strengthened after the US and Iran indicated a willingness to resume peace negotiations, easing concerns over potential disruptions to oil supplies.

Brent crude futures slumped 7.6% to settle at $104.77 a barrel on Monday as hopes of a diplomatic breakthrough grew. Reports suggested that Washington and Tehran were maintaining contacts to end the eight-month conflict. However, uncertainty over the negotiations and the possibility of further military action continue to pose risks to energy markets.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,114.68 crore, while domestic institutional investors (DIIs) were net sellers of Rs 392.20 crore in the Indian equity market 2 November 2026, according to provisional data.

FPIs bought shares worth Rs 4318.90 crore in November through 2 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.

Global Markets:

Dow futures fell 106 points, signalling a negative opening for US stocks.

Asian equities were trading lower on Tuesday, as technology shares remained under pressure amid concerns over the returns from heavy artificial intelligence investments. Japan's cash market remained closed for Culture Day.

Wall Street ended mixed on Monday, 2 November 2026, as weakness in technology shares offset gains across other sectors. The Dow Jones Industrial Average rose 213.67 points, or 0.41%, to 51,983.98. The S&P 500 declined 38.67 points, or 0.51%, to 7,541.40, while the Nasdaq Composite fell 272.68 points, or 1.07%, to 25,164.32.

Technology and semiconductor stocks remained under pressure as investors reassessed the scale and potential returns of AI-related investments. Nvidia fell 1.26%, Microsoft declined 2.83% and Apple lost 1.83%. Oracle also fell more than 8% amid plans to raise $20 billion through share and debt offerings.

Marvell Technology dropped 12.72%, while optical-components maker Lumentum plunged 18.59%. Marvell and Lumentum announced an all-stock agreement under which Marvell will acquire Lumentum in a deal with an implied enterprise value of $115 billion.

Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year on year and above the analyst estimate of $113.4 billion. Net income rose 12% to $30.71 billion, while earnings per share came in at $2.10 against expectations of $1.99. However, the company forecast a gross margin of 45% to 46% for the December quarter, below the 47.9% reported in the September quarter. Apple shares fell 1.83% during regular trading and declined further during the earnings call.

US manufacturing activity expanded at a faster pace in October. The Institute for Supply Management's manufacturing PMI rose to 55.5 from 54.5 in September, beating the market forecast of 54.5. The reading marked the 10th consecutive month of expansion in the manufacturing sector.

The US midterm elections on Tuesday are another focus for investors. The outcome could influence expectations for fiscal policy, government spending and regulation of the technology sector. Markets are also tracking central bank decisions this week. The Reserve Bank of Australia is widely expected to raise its cash rate by 25 basis points to 4.85%, while the Bank of England is expected to increase its policy rate from 3.75% to 4.0%.

Domestic Market:

The key equity benchmarks surged on Monday, extending their winning streak to a third consecutive session. Falling crude oil prices, strong Q2 earnings from Reliance Industries and Jio Platforms, and renewed foreign investor buying supported the rally. Expectations of long-term capital gains tax relief, a stronger rupee and easing bond yields further lifted sentiment. Weakness in global AI-linked stocks also supported Indian equities. The Nifty closed above 23,400. Oil & gas, metal and consumer durables stocks led the gains. In contrast, media and IT shares declined.

The S&P BSE Sensex jumped 1,233.25 points or 1.66% to 75,692.78. The Nifty 50 index surged 387.70 points or 1.68% to 23,440.80. In the three consecutive trading sessions, the Sensex and the Nifty climbed 3.09% and 3.27%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures were up 15.50 points, signalling a mildly positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,598.54 crore, while domestic institutional investors (DIIs) were net sellers of Rs 817.51 crore in the Indian equity market 30 October 2026, according to provisional data.

FPIs sold shares worth Rs 48,082.27 crore in October through 30 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures rose 200 points, signalling a strong opening for US stocks.

Asian equities traded mixed on Monday, as concerns over the sustainability of the artificial intelligence investment boom weighed on technology stocks. The pressure followed a sharp selloff in US technology shares on Friday.

Wall Street ended sharply lower on Friday, 30 October 2026. The Dow Jones Industrial Average fell 572.25 points, or 1.09%, to 51,770.31. The S&P 500 declined 140.32 points, or 1.82%, to 7,580.07, while the Nasdaq Composite dropped 747.72 points, or 2.86%, to 25,437. The Nasdaq recorded its steepest one-day decline since 05 June 2026. The selloff was led by technology and semiconductor stocks, with the market reacting to concerns over AI-related spending and corporate cash generation.

Intel was among the biggest drags, with its shares plunging 28.6% on Friday after the chipmaker issued a weaker-than-expected fourth-quarter outlook. The company forecast revenue of $15 billion to $16 billion, against analyst expectations of $17.08 billion. Its adjusted third-quarter earnings of $0.52 per share and revenue of $16.5 billion had exceeded estimates. However, the outlook and concerns over manufacturing constraints, PC demand and cash flow overshadowed the results.

The semiconductor selloff extended to other major companies. Nvidia shares fell 4.2%, AMD declined 10.9% and the semiconductor index lost 7.2%. Sandisk dropped 13%, while Reddit also faced heavy selling. Shares of Amazon declined 1.4% during Friday's session after its quarterly results heightened concerns over the scale of AI infrastructure investment.

Amazon reported third-quarter net sales of $201.9 billion, up 12% year on year, while AWS revenue increased 39.3% to $46 billion. Operating income rose to $28.1 billion from $17.4 billion a year earlier. However, trailing 12-month free cash flow turned negative at $42.4 billion, compared with an inflow of $14.8 billion a year earlier. The company attributed the decline primarily to higher property and equipment spending, largely related to AI investments. Amazon forecast fourth-quarter revenue of $240 billion to $247 billion.

Energy stocks bucked the broader market trend. Exxon Mobil and Chevron rose after reporting third-quarter profits above market expectations, supported by higher refining margins amid disruptions to global fuel supplies. Both companies benefited from stronger downstream earnings as conflict-related disruptions constrained fuel production.

On the economic front, the US Employment Cost Index increased 0.8% in the third quarter of 2026, matching market expectations but easing from 0.9% in the previous quarter. Civilian worker compensation costs rose 0.8% over the three months ended September, while wages and salaries increased 0.7% and benefit costs rose 0.9%. The data indicated a moderation in labour-cost growth. The Chicago PMI fell to 55.3 in October from 58.8 in September, below the market forecast of 56.1.

Brent crude futures fell 1.5% to $111.72 a barrel. The pullback followed talks between Iranian and Qatari officials aimed at ending the US-Israeli war on Iran. However, continued attacks on tankers in the Strait of Hormuz remain a supply-side risk.

Domestic Market:

The domestic equity benchmarks extended their gains on Friday, with the Nifty reclaiming the 23,000 mark. Buying in IT, pharma and select heavyweight stocks supported the frontline indices, helping them recover from a muted opening despite weak global cues. However, gains remained moderate as elevated crude oil prices and escalating geopolitical tensions in the Middle East kept investors cautious. Brent crude trading above $117 per barrel heightened concerns over inflationary pressures and India's import bill, limiting the scope for a sustained recovery. The broader indices underperformed, with the Nifty Midcap and Smallcap indices ending lower.

The S&P BSE Sensex jumped 308.49 points or 0.42% to 74,459.93. The Nifty 50 index rose 116.35 points or 0.51% to 23,053.10.

GIFT Nifty:

GIFT Nifty November 2026 futures were down 52.50 points, signalling a weak opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 943.60 crore, while domestic institutional investors (DIIs) were net buyers of Rs 1,924.41 crore in the Indian equity market 29 October 2026, according to provisional data.

FPIs sold shares worth Rs 47,269.54 crore in October through 29 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures fell 155 points, signalling a weak opening for US stocks.

Asian equities came under pressure on Friday, as concerns over the returns on artificial intelligence investments triggered fresh selling in technology stocks. Investors were also cautious ahead of the Bank of Japan's monetary policy decision.

US stocks ended lower on Thursday, as disappointing technology earnings and concerns over AI investment returns weighed on investor sentiment. The Dow Jones Industrial Average declined 132.54 points, or 0.25%, to 52,342.56. The S&P 500 fell 23.59 points, or 0.30%, to 7,720.39, while the Nasdaq Composite dropped 365.13 points, or 1.38%, to 26,184.72.

Alphabet shares plunged 12.64% on Thursday, marking their worst daily decline on record, after its third-quarter revenue missed market expectations. Revenue increased 25% year on year to $127.58 billion, against the analyst estimate of $127.97 billion. Earnings per share stood at $2.12, below expectations of approximately $2.94.

Google Cloud revenue surged 103% to $30.7 billion, but concerns over heavy AI-related capital expenditure and the returns from these investments overshadowed the growth.

ServiceNow and Fortinet also faced heavy selling following their financial updates. Both stocks declined more than 20%, adding to pressure on the technology sector.

After the US market close, Intel shares plunged more than 17% in extended trading after the company issued a weaker-than-expected outlook. Intel reported third-quarter revenue of $16.5 billion, up 21% year on year, and non-GAAP earnings per share of $0.52. It forecast fourth-quarter revenue of $15 billion to $16 billion and non-GAAP earnings per share of $0.25.

Amazon shares fell more than 5% in extended trading despite strong cloud growth. Third-quarter net sales increased 12% to $201.94 billion, while AWS revenue rose 39% to $46 billion. Operating income increased to $28.08 billion from $17.42 billion a year earlier.

However, trailing 12-month free cash flow turned negative at $42.36 billion, compared with positive free cash flow of $14.79 billion a year earlier. Amazon maintained its 2026 capital expenditure forecast of approximately $220 billion. Its fourth-quarter revenue guidance of $240 billion to $247 billion also disappointed investors.

The US economy expanded at an annualised rate of 3.4% in the third quarter of 2026, according to the advance estimate released by the Bureau of Economic Analysis on Thursday. This compared with growth of 2.2% in the second quarter and exceeded the approximately 3% market forecast.

Consumer spending rose at a 3.8% annualised rate, while business investment also contributed to growth. Investment in information-processing equipment increased sharply, reflecting continued spending on AI-related infrastructure. The GDP figure is preliminary and subject to revision.

Meanwhile, the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased 0.5% month on month in September, compared with 0.3% in August. Annual inflation accelerated to 3.6% from 3.4%.

Core PCE inflation, excluding food and energy, rose 0.3% month on month and 3.1% year on year, compared with 3.0% in August. The monthly increases were in line with market expectations.

Personal consumption expenditure increased 0.5% in September, while real consumer spending was unchanged. The data indicated that inflationary pressures remained elevated despite resilient economic growth.

Domestic Market:

The key equity indices ended sharply higher on Thursday, snapping a two-session losing streak. Buying across sectors, led by IT and banking stocks, lifted sentiment after the US Federal Reserve kept interest rates unchanged. Buying by foreign portfolio investors (FPIs) on Wednesday also boosted investor confidence. The Nifty closed above 22,900, while the Nifty MidCap and SmallCap indices gained around 0.6% each. All NSE sectoral indices ended higher except the Nifty Auto and Nifty Cement indices.

The S&P BSE Sensex surged 905.01 points or 1.24% to 74,151.04. The Nifty 50 index jumped 237.90 points or 1.05% to 22,936.75. In the past two consecutive trading sessions, the Sensex and the Nifty dropped 0.49% and 0.24%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures were down 81 points, signalling a weak opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 871.83 crore, while domestic institutional investors (DIIs) were net buyers of Rs 643.35 crore in the Indian equity market 28 October 2026, according to provisional data.

FPIs sold shares worth Rs 48,382.54 crore in October through 28 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures rose 169 points, signalling a strong opening for US stocks.

Asian indices were mixed on Thursday, as gains in artificial intelligence-linked shares offset concerns following Alphabet's weaker-than-expected earnings.

Investors assessed the latest technology earnings alongside the Federal Reserve's decision to keep interest rates unchanged. Semiconductor stocks drew support from gains in US chipmakers, while concerns about the cost of AI infrastructure and the returns on investment remained in focus. Alphabet's post-market earnings miss added uncertainty ahead of further results from major technology companies.

US stocks ended higher on Wednesday, after the Federal Reserve kept its benchmark interest rate unchanged. The Dow Jones Industrial Average rose 97.53 points, or 0.19%, to 52,475.10. The S&P 500 gained 21.37 points, or 0.28%, to 7,743.97, while the Nasdaq Composite advanced 72.04 points, or 0.27%, to 26,549.85.

The Fed maintained its target range at 3.75%-4.00% in a 10-2 vote. It upgraded its assessment of economic activity but said inflation remained elevated. Governors Lisa Cook and Beth Hammack dissented, preferring a 25-basis-point rate increase. Markets subsequently raised the implied probability of a December rate hike to 85%, from 78.3% a day earlier, according to CME FedWatch data.

Microsoft shares gained more than 4% in extended trading after the company reported stronger-than-expected cloud revenue. Azure growth accelerated to 48% in its fiscal first quarter, beating its previous guidance and supporting optimism about demand for cloud computing and AI services. Investors will continue to assess Microsoft's capital expenditure and data-centre investment plans.

Alphabet shares fell more than 7% in after-hours trading after its third-quarter results missed analysts' expectations. Revenue rose 25% year on year to $127.58 billion, below the $127.97 billion forecast. Net income fell to $26.17 billion from $34.98 billion a year earlier, while earnings per share came in at $2.12, below estimates of about $3.01. An $8.7 billion loss on equity investments weighed on reported earnings.

Google Cloud remained a bright spot, with revenue surging 103% to $30.7 billion, driven by demand for AI infrastructure and enterprise services. However, investors remained concerned about the scale of capital expenditure and the returns from AI investment.

Investors are awaiting US third-quarter GDP, September personal income and spending figures, and the Personal Consumption Expenditures price index on Thursday. The PCE index is the Federal Reserve's preferred inflation gauge. Initial jobless claims are also due.

Domestic Market:

The key equity benchmarks ended marginally lower on Wednesday, extending their losing streak to a second consecutive session. Elevated crude oil prices and weakness in heavyweight stocks weighed on market sentiment. Investors remained cautious ahead of the US Federal Reserve’s monetary policy decision later in the day, seeking clarity on the interest rate outlook and its implications for global markets. The Nifty settled below the 22,700 mark. Oil & gas and IT stocks declined, while auto and consumer durables shares advanced.

The S&P BSE Sensex declined 352.64 points or 0.48% to 73,246.03. The Nifty 50 index fell 50.90 points or 0.22% to 22,698.85. In the two consecutive trading sessions, the Sensex and the Nifty dropped 0.49% and 0.24%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures were down 107 points, signalling a weak opening for the Nifty 50.

Jio Platforms will list on the stock exchanges today. The IPO was subscribed 22.19 times and it was priced at Rs 1,119 per share. The Rs 30,213-crore IPO comprised an entirely fresh issue of shares at the upper end of the price band of Rs 1,119 per share, with no offer-for-sale (OFS) component.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 4,240.39 crore, while domestic institutional investors (DIIs) were net sellers of Rs 1,250.03 crore in the Indian equity market 27 October 2026, according to provisional data.

FPIs sold shares worth Rs 52,580.44 crore in October through 27 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures fell 138 points, signalling a weak opening for US stocks.

Asian indices advanced on Wednesday, as renewed optimism over artificial intelligence demand lifted technology stocks ahead of earnings from major US technology companies and the Federal Reserve's policy decision.

South Korean chipmaker SK Hynix's record quarterly results strengthened sentiment towards semiconductor stocks. The company reported a sharp increase in revenue and operating profit, driven by demand for high-bandwidth memory chips used in AI infrastructure.

US stocks advanced on Tuesday, 27 October 2026, as AI-related shares rallied and investors assessed corporate earnings ahead of the Federal Reserve's policy announcement. The Dow Jones Industrial Average edged up 15.99 points, or 0.03%, to 52,377.57. The S&P 500 gained 45.83 points, or 0.60%, to 7,722.60, while the Nasdaq Composite rose 308.43 points, or 1.18%, to 26,477.81.

Broadcom gained after announcing a $63 billion financing arrangement involving Bank of America, Blackstone, Citigroup and Morgan Stanley to fund AI computing capacity for Anthropic. The deal highlights the scale of financing now supporting AI infrastructure investment.

SK Hynix reported preliminary third-quarter revenue of 104.62 trillion won, up 327.9% year on year, while operating profit surged 557.2% to 83.33 trillion won. Net profit rose 215.7% to 39.78 trillion won. Revenue and operating profit reached record levels as demand for high-bandwidth memory and other AI-related products lifted chip prices.

Investors are now awaiting third-quarter results from Alphabet and Microsoft, due after the US market closes on Wednesday.

The Conference Board's US Consumer Confidence Index rose 7.5 points to 91.7 in October from a revised 84.2 in September, exceeding the Reuters poll forecast of 81. The improvement reflected better assessments of current business conditions and the near-term outlook, although concerns about living costs persisted.

US durable goods orders increased 1.8% in September, below the 2.0% forecast in one market calendar but above August's 0.1% increase. Excluding transportation, orders rose 0.5%. New single-family home sales declined 0.6% to an annualised rate of 676,000 units, exceeding the 650,000 forecast. The data pointed to resilience in parts of the economy, although durable goods orders missed the cited consensus estimate.

The Federal Reserve is due to announce its policy decision on Wednesday. Markets widely expect interest rates to remain unchanged, with investors looking for guidance on the future rate path amid inflation concerns and higher energy prices.

Brent crude rose to $114.42 a barrel in Asian trading. The US Dollar Index held near a two-week high at 102.37.

Domestic Market:

The key equity benchmarks ended nearly flat on Tuesday amid volatility on the monthly derivatives expiry day. Elevated crude oil prices, geopolitical tensions and caution ahead of the US Federal Reserve's policy decision weighed on sentiment. The Nifty closed at 22,749.75. Broader indices, however, advanced. Media stocks led sectoral gains, followed by realty and pharma shares. IT, oil and gas, and private banking stocks declined.

The S&P BSE Sensex declined 8.08 points or 0.01% to 73,598.67. The Nifty 50 index fell 3.45 points or 0.02% to 22,749.75.

GIFT Nifty:

GIFT Nifty November 2026 futures were up 14 points, signalling a positive opening for the Nifty 50.

India's Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) to capital acquisition proposals worth an estimated Rs 2,12,000 crore for the armed forces. The approvals cover a range of military platforms and weapon systems, including light multi-role helicopters, long-range kamikaze drones, surveillance systems, air defence equipment and radars. Around 82% of the proposed procurements will be sourced from Indian industry.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,462.49 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,609.57 crore in the Indian equity market 26 October 2026, according to provisional data.

FPIs sold shares worth Rs 51,239.92 crore in October through 26 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures rose 99 points, signalling a higher opening for US stocks.

Asian equities rose on Tuesday, as the filing for artificial intelligence company Anthropic's planned initial public offering revived appetite for technology stocks ahead of a busy week of corporate earnings and central bank decisions.

South Korea's economy grew 3.4% year on year in the third quarter of 2026, slowing from 3.7% in the previous quarter, preliminary data from the Bank of Korea showed on Tuesday. GDP expanded 1.0% quarter on quarter, accelerating from 0.6% in the April-June quarter. Semiconductor exports and investment in production equipment supported the expansion, although private consumption fell 0.2% quarter on quarter.

Wall Street ended higher on Monday, 26 October 2026. The Dow Jones Industrial Average rose 146.42 points, or 0.28%, to 52,361.58. The S&P 500 gained 53.09 points, or 0.70%, to 7,676.77, while the Nasdaq Composite advanced 214.04 points, or 0.83%, to 26,169.38. The Philadelphia Semiconductor Index climbed 2.8%, marking its biggest one-day gain in a month, as chip-related shares led the recovery. The technology sector gained 1.5%, leading the S&P 500's 11 major sectors.

Anthropic's IPO filing helped revive the AI trade by highlighting rapid revenue growth alongside the substantial costs and risks of developing advanced AI systems. The company's first-half 2026 net loss widened to $80.7 billion, largely because of a non-operating accounting item related to convertible bonds. Its operating loss narrowed to $693 million, while adjusted operating income turned positive at $1.62 billion, compared with a loss of $1.85 billion a year earlier. Revenue grew 1,368% year on year in the three months ended 30 June 2026. The filing also highlighted risks linked to infrastructure costs, cloud-provider dependence and AI safety.

Individual stocks reflected renewed interest in AI infrastructure. Lumentum gained about 8% and Coherent rose around 6%, while Tesla advanced 5.2% after a Barclays upgrade. Meta Platforms fell 1.9% after announcing plans to raise up to $95 billion through equity offerings to fund its AI infrastructure expansion. The fundraising includes about $35 billion in public offerings and a separate share-sale programme of up to $60 billion. Meta's plans underscore investor scrutiny of the financing required to sustain AI-related capital expenditure.

Economic data offered a mixed signal on US activity and price pressures. The Dallas Federal Reserve's general business activity index rose to 13.4 in October from 9.8 in September, exceeding the 8.8 consensus forecast. However, the production index fell to 15.8 from 29.5, and the new-orders index declined to 9.3 from 30.7. The survey also showed the raw-materials price index rising to 55.3 from 52.2, pointing to continued input-cost pressure.

In commodities, Brent crude futures eased 0.7% to $114.95 per barrel in early Asian trading as investors weighed the possibility of a resolution to the US-Israeli war with Iran. Supply concerns remain elevated because of continued geopolitical risks in the Middle East.

Domestic Market:

The Sensex and Nifty snapped their four-session losing streak on Monday as value buying in beaten-down stocks, easing crude oil prices and supportive global cues lifted investor sentiment. The Nifty settled above the 22,750 mark, recovering sharply from early losses. Brent crude eased to around $114.50 per barrel from a near six-month high of $117, while foreign institutional investors (FIIs) bought equities worth Rs 887.65 crore on Friday. Metal and healthcare stocks gained, while consumer durables and FMCG shares declined.

The S&P BSE Sensex advanced 482.92 points or 0.66% to 73,606.75. The Nifty 50 index rose 153.20 points or 0.68% to 22,753.20. In the past four consecutive trading sessions, the Sensex and Nifty declined 3.49% and 2.36%, respectively.

GIFT Nifty:

GIFT Nifty November 2026 futures were up 41 points, signalling a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 887.65 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,235.36 crore in the Indian equity market 23 October 2026, according to provisional data.

FPIs sold shares worth Rs 53,337.67 crore in October through 23 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures rose 120 points, signalling a higher opening for US stocks.

Asian indices traded lower on Monday as investors weighed elevated oil prices, geopolitical risks and a busy week of central bank decisions and corporate earnings.

Brent crude eased below $115 a barrel after hitting a six-month high, offering some relief following last week's surge. The retreat followed reports of diplomatic efforts involving Qatar, Iran and the United States to ease regional tensions.

The regional session followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment. Investors are also preparing for quarterly results from major US technology companies, including Alphabet, Microsoft and Amazon, which could offer fresh insights into AI-related spending and returns.

The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16 on Friday. The S&P 500 declined 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite shed 53.52 points, or 0.21%, to 25,955.34.

Telecommunications stocks came under pressure after reports that SpaceX was exploring plans to launch a fourth US wireless carrier. AT&T and T-Mobile fell nearly 8% each amid concerns over increased competition.

Among individual stocks, Schlumberger gained about 7% following its quarterly results. American Express fell around 3.7% despite reporting higher quarterly profits and raising its full-year earnings forecast. The company also announced plans to cut 5% of its workforce, while its revenue missed market expectations.

On the economic front, the University of Michigan's final consumer sentiment index for October came in at 48.0, compared with 48.1 in September. Although the reading exceeded market expectations, sentiment remained near historically low levels. One-year inflation expectations rose to 4.7% from 4.6%, while five-year expectations increased to 3.5% from 3.4%. Persistent inflation concerns could complicate the Federal Reserve's policy outlook.

Domestic Market:

The key equity benchmarks extended their losing streak to a fourth consecutive session on Friday. Rising crude oil prices, escalating geopolitical tensions and sustained foreign fund outflows weighed on investor sentiment. The Nifty held the 22,600 mark. All sectoral indices ended lower, led by losses in consumer durables, metals, realty, energy and PSU banks. Broader indices also witnessed significant declines, reflecting widespread selling pressure.

The S&P BSE Sensex declined 125.56 points or 0.17% to 72,123.83. The Nifty 50 index lost 87.65 points or 0.39% to 22,600. In the fourth consecutive trading session, the Sensex and Nifty declined 3.49% and 2.36%, respectively.

GIFT Nifty:

GIFT Nifty October 2026 futures were down 29 points, signalling a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,458.70 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,891.32 crore in the Indian equity market 22 October 2026, according to provisional data.

FPIs sold shares worth Rs 51,075.50 crore in October through 22 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow futures were down 145 points, signalling a lower opening for US stocks.

Asian indices traded lower on Friday, 23 October 2026, as renewed concerns over artificial intelligence spending triggered a selloff in technology shares and investors moved towards safer assets.

The selloff followed a sharp decline in US technology stocks, as earnings from Meta Platforms and Tesla failed to ease concerns over the cost and profitability of AI investments. Semiconductor shares led losses, while rising oil prices and geopolitical tensions in the Middle East added to uncertainty over inflation and global growth.

Japan's September inflation data added another consideration for investors. Core consumer prices, excluding fresh food, rose 2.1% year on year, accelerating from 1.7% in August. An underlying inflation measure that also excludes fuel rose 2.4%, compared with 1.9% in August. The figures strengthened the case for further monetary tightening by the Bank of Japan.

US stocks ended mixed on Thursday, 22 October 2026, as renewed concerns over AI investment costs triggered a sharp technology selloff. The Dow Jones Industrial Average edged up 11.89 points, or 0.02%, to 52,867.98. The S&P 500 fell 93.74 points, or 1.21%, to 7,663.43, while the Nasdaq Composite dropped 694 points, or 2.6%, to 26,008.86. The Nasdaq recorded its steepest daily percentage decline since early June. The ⁠Philadelphia SE Semiconductor Index sank 6.7%, its biggest daily percentage drop since June 23.

Despite the technology-led decline, most US stocks advanced, indicating that losses were concentrated in high-growth shares. Investors also moved towards US government bonds, pushing Treasury yields lower as concerns about AI spending and economic growth intensified.

Meta Platforms shares fell about 7% on Thursday despite reporting third-quarter revenue above analysts' expectations. Investors focused on the company's mounting AI-related expenditure and plans to issue non-voting shares to help finance its investments. The announcement renewed concerns about the capital requirements and potential returns of large-scale AI infrastructure spending.

Tesla shares declined 3.1% despite reporting positive free cash flow and reducing its projected 2026 capital expenditure to $20 billion from $25 billion. The revised spending outlook did little to reassure investors concerned about growth prospects and the returns on future investments.

Spotify gained 11% after reporting higher revenue and an increase in premium subscribers. Comcast advanced 3.4% after adjusted earnings per share exceeded expectations despite a decline in revenue.

US initial jobless claims fell by 6,000 to 194,000 in the week ended 17 October 2026, according to the US Department of Labor. The previous week's figure was revised upwards to 200,000 from 199,000. The latest reading was below the market consensus of 200,000, indicating continued resilience in the labour market. Continuing claims rose by 25,000 to 1.728 million in the week ended 10 October.

Brent crude futures fell 0.2% to $112.96 a barrel during early Asian trading on Friday. The modest pullback followed a surge of about 4% in the previous session, which had taken oil prices to a five-month high. Brent remained on course for a third consecutive weekly gain.

Oil prices have been supported by concerns over disruptions to energy supplies following Houthi attacks in Saudi Arabia.

The US 10-year Treasury yield approached a one-month low of 4.953%, falling below the 5% level as investors sought the relative safety of government bonds.

Domestic Market:

The key equity benchmarks fell for the third consecutive session on Thursday, with the Nifty slipping below the 22,700 mark. Rising crude oil prices above $110 per barrel and escalating geopolitical tensions weighed on investor sentiment. Broader market indices declined, while all sectoral indices ended lower except pharma. IT and FMCG stocks tumbled, while the rupee snapped its eight-session gaining streak.

The S&P BSE Sensex tanked 460.30 points or 0.62% to 73,249.39. The Nifty 50 index lost 123.70 points or 0.54% to 22,687.65. In the three consecutive trading sessions, both the Sensex and Nifty have declined 1.98% each.

GIFT Nifty:

GIFT Nifty October 2026 futures were down 94 points, signalling a weak opening for the Nifty 50.

India's Index of Core Industries (ICI) grew 7.9% year on year in September 2026 on a provisional basis, compared with 5.9% in August, according to data released by the government on 21 October 2026. August's growth rate was revised upwards from the provisional estimate of 4.8% to 5.9%.

Iron ore production recorded the highest growth at 18.4%, followed by electricity at 11.4%, coal at 10.7%, refinery products at 10.3%, cement at 9.8% and steel at 4.9%. Fertilizer, natural gas and crude oil production declined by 11.7%, 4.6% and 1.4%, respectively, during September. Coal, refinery products, steel and iron ore were the major drivers of overall core sector growth in recent months, the government said.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,022.32 crore, while domestic institutional investors (DIIs) were net buyers of Rs 1,614.32 crore in the Indian equity market 21 October 2026, according to provisional data.

FPIs sold shares worth Rs 52,482.59 crore in October through 21 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Asian indices traded lower on Thursday, 22 October 2026, as concerns over artificial intelligence spending and escalating tensions in the Middle East offset support from strong US corporate earnings.

Investor sentiment remained cautious despite gains on Wall Street in the previous session. Markets assessed earnings from major technology companies, the outlook for AI infrastructure spending and the risk of disruptions to energy supplies in the Gulf. Rising crude oil prices added to inflation concerns ahead of upcoming central bank decisions.

The Bank of Korea kept its benchmark seven-day repurchase rate unchanged at 3.00% on Thursday, following consecutive rate increases in July and August.

South Korea's consumer inflation eased to 2.9% in September from 3.1% in August but remained above the central bank's 2% target. Strong semiconductor exports and persistent inflation pressures kept the possibility of further monetary tightening in focus.

Oil prices rose during early Asian trading on Thursday as escalating Middle East tensions heightened concerns over supply disruptions. Brent crude futures gained $1.29, or 1.2%, to $110.11 a barrel.

The rise followed attacks in Saudi Arabia, including a drone strike on an oilfield and an attack on an airport in Dammam. The United States ordered some diplomats and their family members to leave missions in Saudi Arabia. Reports of attacks on shipping in the Gulf of Oman also raised concerns about the security of regional oil supplies.

US stocks advanced on Wednesday, 21 October 2026, supported by corporate earnings and renewed interest in AI-related shares. The Dow Jones Industrial Average rose 360.21 points, or 0.69%, to close at 52,856.09. The S&P 500 gained 44.60 points, or 0.58%, to 7,757.17, while the Nasdaq Composite advanced 278.04 points, or 1.05%, to 26,702.86.

Meta Platforms reported revenue of $64.60 billion for the quarter ended 30 September 2026, up 26% year on year. Net income rose to $9.86 billion from $2.71 billion a year earlier, while diluted earnings per share increased to $3.83 from $1.05. However, the results included a $9.89 billion charge related to a legal settlement with US state attorneys general. Excluding this charge, diluted earnings per share would have been $7.40.

Meta forecast fourth-quarter revenue of $73 billion to $76 billion and raised its full-year expense outlook to $175 billion to $179 billion. Investors will monitor its capital expenditure plans and the returns on its AI investments.

Tesla reported third-quarter revenue of $28.05 billion, broadly unchanged from a year earlier. Net income attributable to common stockholders fell 43% to $787 million, while adjusted earnings per share of $0.48 exceeded analyst expectations. The company generated $1.53 billion in free cash flow during the quarter.

Tesla also lowered its projected 2026 capital expenditure to $20 billion from $25 billion. Its shares fell 3.2% in after-hours trading following the results. Investors will assess the implications of the revised spending outlook for the company's future growth and investment plans.

Domestic Market:

The domestic equity benchmarks ended lower for the second consecutive session on Wednesday, as rising crude oil prices and selling pressure in heavyweight stocks weighed on investor sentiment. The Nifty 50 closed below the 22,850 mark. The index surrendered early gains before recovering from their intraday lows on buying in IT stocks.

The broader market also slumped. Consumer durables, metal and auto shares tumbled while IT and cement shares bucked the weak market trend. Brent crude rose above $110 a barrel, heightening concerns over India's import bill, inflation and corporate margins.

The S&P BSE Sensex declined 143.21 points, or 0.19%, to 73,709.69, while the Nifty 50 lost 77.60 points, or 0.34%, to 22,811.35. In the two consecutive trading sessions, the Sensex declined 1.36%, while the Nifty 50 fell 1.45%.

GIFT Nifty:

GIFT Nifty October 2026 futures were down 15.50 points, signalling a negative opening for the Nifty 50.

Jio Platforms’ IPO opens for subscription today, 21 October 2026, aiming to raise Rs 30,213 crore through a fresh issue of up to 27 crore equity shares. The price band has been fixed at Rs 1,065-1,119 per share, making it India's largest public offering to date.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,148.64 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,201.19 crore in the Indian equity market 19 October 2026, according to provisional data.

FPIs sold shares worth Rs 52,007.92 crore in October through 19 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Asian equity indices opened higher on Wednesday, 21 October 2026, led by gains in Japan and South Korea, as renewed optimism over artificial intelligence (AI) investments supported sentiment following the previous session's sell-off.

Asian technology stocks had come under pressure on Tuesday amid concerns over heavy AI infrastructure spending and rising financing costs. Investors are assessing corporate earnings to determine whether substantial investments in AI will translate into sustainable growth.

Sentiment received a boost from Super Micro Computer's stronger-than-expected preliminary revenue guidance for Q1 FY27. The company expects revenue of $18.5 billion to $19.5 billion, up from its earlier forecast of $14.5 billion to $15.5 billion and above analyst expectations of around $15 billion. It also raised its gross margin outlook to 12%-12.5% from 10.4%-10.8%, citing a more favourable customer and product mix.

Meanwhile, Japan's exports rose 16.7% year-on-year in September, marking the 13th consecutive month of growth. However, the increase fell short of market expectations. Exports to the US climbed 22.9%, while shipments to China increased 8.6%. Japan's trade deficit narrowed to 536.6 billion yen.

Overnight, US equity markets ended mixed on Tuesday, 20 October 2026. The Dow Jones Industrial Average advanced 1.02% to 52,495.88, while the S&P 500 gained 0.28% to 7,712.57. The Nasdaq Composite edged down 0.02% to 26,424.82 as weakness in technology stocks offset gains elsewhere.

Healthcare and industrial stocks supported the Dow's advance as investors assessed corporate earnings and reassessed valuations of technology companies. Concerns over the cost and potential returns from AI-related investments continued to influence market sentiment.

SpaceX shares rose over 8% in extended trading after third-quarter revenue surged 161% year-on-year to $14.58 billion, while net income reached $4.4 billion against a loss of $1.1 billion a year earlier. Strong demand for AI computing capacity drove AI revenue up more than ninefold. Meanwhile, Netflix fell 6% on concerns over slowing revenue growth.

On the economic front, US housing starts fell 5.2% month-on-month in September, while building permits declined 0.2%. Single-family housing starts dropped 4.6% to an annualised rate of 859,000 units. Single-family permits fell 4% to 845,000, their lowest level in three-and-a-half years, signalling continued weakness in the housing sector.

Meanwhile, crude oil prices rose on Wednesday amid renewed concerns over supply disruptions in the Middle East. Brent crude gained 85 cents to $109.64 a barrel. Prices had fluctuated on Tuesday following conflicting reports about progress in US-Iran diplomatic efforts. Continued threats to energy infrastructure and shipping routes kept supply risks in focus.

Corporate earnings are expected to remain a key driver of global markets this week. Investors will assess whether earnings growth can support equity valuations amid elevated borrowing costs and uncertainty over AI spending. Developments in the Middle East and movements in crude oil prices are also likely to influence sentiment.

Domestic Market:

The domestic equity benchmarks ended sharply lower on Monday, with the Nifty 50 closing below the 22,900 mark. Heavy selling in heavyweight private banking stocks, elevated crude oil prices, weak global cues and profit booking after the previous two sessions' rally weighed on sentiment. Persistent foreign investor outflows in October also remained a concern. The sell-off was broad-based, with midcap and smallcap stocks declining. However, the Nifty PSU Bank index bucked the trend, gaining over 2% on the back of strong quarterly results from select public sector lenders.

The S&P BSE Sensex tanked 876.37 points or 1.17% to 73,852.90. The Nifty 50 index lost 257.20 points or 1.11% to 22,888.95. In the past four trading sessions, the Sensex and Nifty rallied 2.68% and 2.31%, respectively.

The domestic stock market was shut on Tuesday, 20 October 2026, on account of Dussehra.

GIFT Nifty:

GIFT Nifty October 2026 futures were up 68.50 points, signalling a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,165.92 crore, while domestic institutional investors (DIIs) were net sellers of Rs 3,661.28 crore in the Indian equity market 16 October 2026, according to provisional data.

FPIs sold shares worth Rs 54636.85 crore in October through 16 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Dow Jones futures were up 219 points, indicating a strong opening in the US stocks.

Most Asian equity indices traded lower on Monday, as technology stocks came under pressure amid concerns over the high cost of artificial intelligence (AI) infrastructure investments and rising financing costs. Hong Kong markets remained closed for a holiday.

US equities ended sharply lower on Friday, 16 October 2026, as technology and semiconductor stocks extended their sell-off. The Dow Jones Industrial Average declined 0.34% to 52,002.41, while the S&P 500 fell 1.09% to 7,659.44. The Nasdaq Composite dropped 2.14% to 26,140.03.

Concerns over the sustainability of heavy AI-related investments and stronger-than-expected US inflation data weighed on technology shares and revived expectations of further Federal Reserve rate increases.

Crude oil prices eased after US President Donald Trump issued an executive order on 16 October waiving certain sanctions, restrictions and duties under the newly enacted Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The move followed an agreement concerning Russian diesel exports. The order does not remove all existing US sanctions against Russia; several measures imposed under earlier executive orders remain in place.

Brent crude futures fell around 1.6% to $108.06 a barrel. The easing of restrictions on certain Russian energy exports raised expectations of additional fuel supplies, putting downward pressure on oil prices. However, geopolitical risks, including tensions around the Strait of Hormuz, continued to cloud the global energy outlook.

Domestic Market:

The key equity benchmarks closed higher on Friday, extending their rally for a second consecutive session, supported by buying in heavyweight stocks. Investor focus remained on September-quarter earnings, while the rupee strengthened against the US dollar for the sixth straight session. However, broader indices lagged, with midcap and smallcap indices ending marginally lower. Brent crude remained elevated near $105 a barrel. The Nifty settled above the 23,150 mark, with IT and metal stocks advancing, while consumer durables and oil & gas shares declined.

The S&P BSE Sensex jumped 413.66 points or 0.56% to 74,729.27. The Nifty 50 index added 148.80 points or 0.65% to 23,146.15. Over the two consecutive trading sessions, the Sensex and Nifty rallied 2.68% and 2.31%, respectively.

GIFT Nifty:

GIFT Nifty October 2026 futures were down 21.50 points, signalling a negative opening for the Nifty 50.

The Securities and Exchange Board of India (SEBI) has revised the closing auction session (CAS) framework, introducing a 3:30 p.m. to 3:40 p.m. auction window and changing the reference price calculation to the volume-weighted average price (VWAP) of trades executed during the final 15 minutes of continuous cash-market trading. Most changes will take effect from 7 December 2026.

Order entry will close at a randomly determined, system-driven time between 3:38 p.m. and 3:40 p.m., with only limit and market orders permitted during the auction. Index derivatives will trade until 3:45 p.m., except expiring index contracts, which will close at 3:30 p.m. on expiry days, while stock derivatives will trade until 3:45 p.m. daily. The cash-market post-close session will run from 3:50 p.m. to 4 p.m., with trades executed at the closing price.

SEBI has also specified fallback reference prices when no trades occur during the final 15 minutes or on the day, and clarified expiry settlement calculations and restrictions on iceberg and stop-loss orders during CAS.

Meanwhile, the government has raised windfall tax on ‌exports of petrol, and reduced levies on diesel, according to a government notification issued late on Thursday night. The tax on petrol export was hiked to Rs 2.5 per litre ​from Rs 0.5 per litre, according to the notification. On the other hand, ​duty on diesel exports was slashed to Rs 8.5 per litre from ​Rs 16 per litre, effective ​October 16, the order said.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 5,285.37 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,319.39 crore in the Indian equity market 15 October 2026, according to provisional data.

FPIs sold shares worth Rs 50,478.51 crore in October through 15 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.

Global Markets:

Asian indices advanced on Friday as investors assessed Wall Street's rebound and weighed persistent inflation concerns against the recent technology sell-off.

Brent crude prices edged lower to around $105.40 per barrel after rising above $106 in the previous session, as investors monitored developments in the Middle East and the outlook for global oil supplies.

US equities closed higher on Thursday. The Dow Jones Industrial Average climbed 1.08%, while the S&P 500 advanced 0.33% and the Nasdaq Composite gained 0.08%. The rebound came as Treasury yields eased and investors shifted towards defensive sectors, including healthcare and consumer-related stocks.

The gains followed a technology-led sell-off earlier in the week, triggered by hotter-than-expected US consumer inflation data that revived concerns about further Federal Reserve interest rate increases.

Technology shares remained vulnerable amid questions over whether strong demand for artificial intelligence would justify substantial spending on data centres, semiconductors and cloud infrastructure, particularly in a high-interest-rate environment.

Inflation remained a key concern after US producer prices rose more than expected in September. The Producer Price Index (PPI) for final demand increased 1.3% month on month, marking its largest monthly gain since March 2022. Annual producer inflation accelerated to 6.3% from 5.6% in August, indicating that price pressures were broadening beyond energy.

The producer inflation data followed a stronger-than-expected consumer price report released on Wednesday. Together, the reports heightened concerns about persistent inflation and increased uncertainty over the Federal Reserve's interest rate outlook.

Domestic Market:

The key equity benchmarks rallied on Thursday, as easing US Treasury yields and softer crude oil prices improved investor sentiment. The Sensex surged over 1,500 points, while the Nifty briefly reclaimed the 23,000 mark. The unwinding of global AI and semiconductor stocks also supported Indian IT shares, with the Nifty IT index gaining about 11% over five sessions. Reliance Industries rose sharply after Jio Platforms announced details of its proposed IPO, while large-cap banking stocks advanced ahead of their quarterly results. The rally was supported by buying in heavyweight stocks and expectations around September-quarter earnings, even as global markets remained under pressure from concerns over AI-related debt and intensifying competition in the semiconductor industry.

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. It hit the day's high of 23,056.40.