Share Market News

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.

GIFT Nifty:

GIFT Nifty October 2026 futures jump 64.50 points, signalling a strong opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,857.44 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,670.44 crore in the Indian equity market 14 October 2026, according to provisional data.

FPIs sold shares worth Rs 49,384.04 crore in October through 14 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 equities tumbled on Thursday as a sell-off in technology stocks spread from Wall Street to regional markets. South Korea's Kospi plunged 7.1% to 5,584.83, while Japan's Nikkei 225 fell 3.9% to 65,119.51, with semiconductor stocks leading the declines.

The sell-off followed losses in US technology stocks after hotter-than-expected inflation data heightened concerns over the Federal Reserve's interest rate outlook. Investors also remained wary of intensifying competition in the semiconductor industry following reports of advances by Chinese memory-chip maker ChangXin Memory Technologies (CXMT), raising concerns over potential pricing pressure in the global memory-chip market.

US equities ended lower on Wednesday, with technology stocks 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.

The declines followed the release of US inflation data showing that the Consumer Price Index (CPI) rose 0.6% in September from August and 3.7% year on year, according to the US Bureau of Labor Statistics. Annual inflation accelerated from 3.4% in August, exceeding market expectations.

Higher fuel costs contributed significantly to the monthly increase, with gasoline prices rising 9.1% in September. Core CPI, which excludes food and energy, increased 0.3% month on month and 2.6% year on year. The inflation data heightened concerns that persistent price pressures could prompt the Federal Reserve to maintain a tighter monetary policy stance or consider further interest rate increases.

Domestic Market:

The key equity benchmarks ended lower on Wednesday, as persistent FII selling, elevated crude oil prices and weak global cues weighed on sentiment. Concerns over rising domestic inflation and ongoing geopolitical tensions added to the cautious mood. The Nifty 50 settled below the 22,650 mark. Pharma and healthcare stocks declined sharply, while FMCG, IT and oil & gas shares advanced.

The S&P BSE Sensex declined 251.89 points or 0.34% to 72,781.99. The Nifty 50 index fell 99.25 points or 0.44% to 22,622.70.

GIFT Nifty:

GIFT Nifty October 2026 futures fall 8 points, signalling a muted opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,305.13 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,439.24 crore in the Indian equity market on 13 October 2026, according to provisional data.

FPIs sold shares worth Rs 47,832.52 crore in October through 13 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 market traded mixed on Wednesday, as investors assessed the technology-led selloff on Wall Street and awaited key US inflation data. Market sentiment remained cautious amid concerns over elevated crude oil prices and intensifying competition in the semiconductor industry.

Singapore's economy expanded 5.4% year on year in Q3 2026, moderating from 6.2% growth in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Wednesday. On a seasonally adjusted quarter-on-quarter basis, GDP grew 1.1%, compared with 1.5% in Q2. Manufacturing output increased 7.5% year on year, slowing from 12.9% growth in the preceding quarter.

US stocks ended lower on Tuesday as weakness in technology and semiconductor shares weighed on the broader market. The Dow Jones Industrial Average declined 0.35% to 51,670.10, while the S&P 500 slipped 0.02% to 7,805.45. The Nasdaq Composite fell 0.15% to 27,204.38. Investors also assessed corporate earnings and awaited US inflation data for clues on the Federal Reserve's interest-rate outlook.

New York Federal Reserve President John Williams said he still considered one more interest-rate hike in 2026 potentially appropriate but saw no current need for further increases in 2027. In an interview with Bloomberg News, Williams said his outlook remained dependent on incoming economic data and developments in inflation. His comments indicate his current assessment rather than a commitment by the Federal Reserve to a specific rate path.

Crude oil prices rose amid concerns over supply disruptions following renewed fighting between Saudi Arabia and Yemen's Houthi rebels. Brent crude futures climbed 1.32% to $107.09 a barrel.

Domestic Market:

The domestic equity benchmarks rebounded sharply on Tuesday, snapping the previous session's decline as strong buying in IT stocks lifted sentiment. Better-than-expected quarterly results from HCLTech and TCS supported the sector, while the Indian rupee strengthened following the Reserve Bank of India's recent foreign exchange measures. However, elevated crude oil prices and geopolitical uncertainty continued to weigh on the outlook. The S&P BSE Sensex jumped 1,109.10 points or 1.54% to 73,033.78. The Nifty 50 index climbed 358.60 points or 1.60% to 22,721.95.

GIFT Nifty:

GIFT Nifty October 2026 futures rise 5 points, signalling a muted opening for the Nifty 50.

India's retail inflation accelerated to 5.54% in September, its highest level in the new Consumer Price Index (CPI) series. The inflation rose from 4.83% in August.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,708.48 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,045.02 crore in the Indian equity market on 12 October 2026, according to provisional data.

FPIs sold shares worth Rs 48,377.90 crore in October through 12 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 market fell on Tuesday, 13 October 2026, tracking overnight weakness in US technology stocks as concerns over elevated crude oil prices and geopolitical tensions weighed on investor sentiment.

Technology stocks led the selloff, following losses in US semiconductor shares amid concerns over intensifying competition between US and Chinese chipmakers and questions over the sustainability of artificial intelligence-related investments.

Wall Street ended mixed on Monday as investors awaited the third-quarter earnings season and key US economic data due this week. The Dow Jones Industrial Average gained 195.60 points, or 0.38%, to close at 51,850.55. The S&P 500 fell 4.30 points, or 0.06%, to 7,807.24, while the Nasdaq Composite declined 120.27 points, or 0.44%, to 27,245.90. Technology and semiconductor stocks weighed on the broader market, while energy shares benefited from higher oil prices.

Crude oil prices remained elevated above $105 a barrel amid renewed concerns over global energy supplies following attacks on Saudi Arabia and uncertainty surrounding a proposed Russia-Ukraine energy truce. Brent crude futures were trading around $105.90 a barrel in Asian trade on Tuesday, after settling 1.84% higher at $106.65 on Monday. Rising energy prices have heightened concerns about inflation and the potential impact on interest rates.

Investors are now focused on the September US Consumer Price Index (CPI), scheduled for Wednesday, 14 October, followed by the Producer Price Index (PPI) and retail sales data on Thursday, 15 October. The inflation readings will be closely watched for their implications for the Federal Reserve's monetary policy, particularly as higher energy costs risk prolonging inflationary pressures.

The US third-quarter earnings season is also gathering pace, with major banks including JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo scheduled to report results on Tuesday. Investors will assess the results for signals on consumer spending, lending demand, credit quality and the broader economic outlook.

Domestic Market:

The key equity benchmarks ended lower on Monday, extending their cautious trend as investors awaited India's September inflation data. Persistent concerns over elevated crude oil prices and a sharp rise in Indian bond yields weighed on sentiment. Although oil prices retreated amid hopes of easing geopolitical tensions between Russia and Ukraine, Brent crude remained above $105 a barrel, keeping concerns over imported inflation and pressure on the rupee in focus. Investors also assessed the implications of the Reserve Bank of India's recent tightening measures for liquidity and borrowing costs. The Nifty settled below the 22,400 mark, while sectoral performance remained mixed, with auto and realty shares advancing even as FMCG and PSU bank stocks declined.

The S&P BSE Sensex declined 547.65 points or 0.76% to 71,924.68. The Nifty 50 index dropped 157.10 points or 0.70% to 22,363.35.

GIFT Nifty:

GIFT Nifty October 2026 futures rise 31 points, signalling a positive opening for the Nifty 50.

US President Donald Trump said on Sunday, 11 October, that Russia and Ukraine had agreed to an immediate "energy ceasefire", aimed at halting attacks on energy infrastructure. However, the announcement lacked details on the terms and duration of the proposed truce, and neither side had confirmed the agreement at the time of reporting. Ukrainian President Volodymyr Zelenskyy said Kyiv was prepared to accept the ceasefire if Moscow agreed to it. The development comes amid escalating attacks on energy infrastructure and concerns over disruptions to global fuel supplies.

Meanwhile, Russia partially lifted its diesel export ban with effect from 10 October, following an agreement between Russian President Vladimir Putin and Trump to supply diesel to the US and international markets. The move allows up to 500,000 metric tonnes of diesel to be supplied to foreign markets at this stage, according to reports citing the Russian government. Trump had earlier announced plans for Russia to supply more than 300,000 tonnes immediately, followed by 500,000 tonnes in November and additional volumes thereafter. However, analysts have questioned whether the increased supplies would be sufficient to materially ease global fuel prices, given ongoing disruptions to refining capacity.

In India, the Reserve Bank of India (RBI) announced a series of measures on 10 October 2026 to ensure orderly functioning of the foreign exchange market amid pressure on the rupee. The central bank also opened a special window, effective 12 October, to meet the entire daily US dollar requirements of three state-owned oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - through designated banks. The facility will remain in place until further notice.

In separate circulars, the RBI prohibited the rebooking of cancelled rupee-linked foreign exchange derivative contracts, while allowing rollovers on maturity subject to existing regulations. It also reduced the threshold for taking foreign exchange derivative positions without establishing underlying exposure from $100 million to $5 million, both for contracted exposures hedged through authorised dealers and for exchange-traded currency derivatives involving the rupee.

The RBI further required authorised dealers to obtain an undertaking from users confirming that the same underlying exposure had not been hedged with another authorised dealer. In addition, it introduced a Foreign Exchange Risk Reserve (FERR) requirement for eligible rupee-linked foreign exchange derivative contracts with a notional value exceeding $2 million. Under the rule, authorised dealers must maintain a cash reserve with the RBI equivalent to 20% of the rupee value of each eligible contract. The requirement applies to contracts used to hedge current-account transactions in which the user purchases foreign currency against the rupee.

The measures are intended to strengthen market discipline and risk management and support orderly functioning of the foreign exchange market.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,568.90 crore, while domestic institutional investors (DIIs) were net buyers of Rs 4,743.26 crore in the Indian equity market on 9 October 2026, according to provisional data.

FPIs sold shares worth Rs 45,125.67 crore in October through 9 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:

US stock futures pointed to a positive opening on Monday, with Dow futures rising 174 points. However, investors remained cautious ahead of key US inflation data and the start of the September-quarter earnings season.

Asian indices traded mixed on Monday amid geopolitical uncertainty and caution ahead of corporate earnings. Japan's cash equity market remained closed for Sports Day.

US stocks ended higher on Friday, with all three major indices advancing and posting weekly gains. The Dow Jones Industrial Average rose 423.31 points, or 0.83%, to 51,654.95. The S&P 500 gained 46.18 points, or 0.59%, to 7,811.54, while the Nasdaq Composite advanced 172.83 points, or 0.64%, to 27,366.17.

Crude oil prices declined on Monday as expectations of additional Russian diesel supplies and a potential Russia-Ukraine energy ceasefire eased some concerns over supply disruptions. Brent crude futures fell around 1.5% to $103.18 a barrel. However, continued tensions in the Middle East and attacks on shipping routes kept supply risks in focus.

Domestic Market:

The key equity benchmarks ended sharply higher on Friday, snapping a two-session losing streak. Easing crude oil prices and improved global sentiment boosted investor appetite following Thursday’s steep selloff. US President Donald Trump’s decision to rule out a military strike on Iran before the 3 November midterm elections eased immediate concerns over further escalation in the Middle East. Sentiment was further supported by strong buying in IT stocks after Tata Consultancy Services reported its Q2 FY27 results. The Nifty closed above the 22,500 mark, while all sectoral indices on the NSE ended higher except the Nifty Oil & Gas 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.

GIFT Nifty:

GIFT Nifty October 2026 futures rise 2.50 points, signalling a muted opening for the Nifty 50.

IT stocks may remain in focus after the US government suspended eight technology companies, including Microsoft, Adobe, Infosys, Wipro, Tata Consultancy Services (TCS), HCL Technologies, Cognizant and Capgemini, from the Permanent Labor Certification (PERM) programme, a key step in the employment-based green card process. US officials accused the companies of misusing employment-based immigration programmes and displacing American workers. The suspension halts new and pending PERM applications involving the affected companies.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 12,943.58 crore, while domestic institutional investors (DIIs) were net buyers of Rs 10,703.11 crore in the Indian equity market on 8 October 2026, according to provisional data.

FPIs sold shares worth Rs 32,182.50 crore in October through 8 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 stock market traded mostly lower on Friday, 9 October 2026, tracking overnight losses on Wall Street as technology stocks came under pressure amid renewed concerns over the artificial intelligence (AI) boom. Markets in South Korea and Taiwan remained closed for a holiday.

US stock market ended mixed on Thursday, with the Nasdaq Composite posting its biggest one-day decline since mid-August. The Dow Jones Industrial Average gained 0.10%, while the S&P 500 fell 0.47%. The Nasdaq Composite dropped 1.25%.

Technology stocks faced heavy selling following reports that OpenAI told investors its annualised revenue was roughly $50 billion at the end of September, below the approximately $68 billion figure reported late last month. The discrepancy revived concerns over the sustainability of AI-related spending and the returns on investments in data centres and semiconductor infrastructure.

Among major technology stocks, Nvidia fell 2.94%, Advanced Micro Devices (AMD) declined 3.90%, Broadcom dropped 4.35%, Microsoft slipped 1.35%, Intel lost 5.34%, Micron Technology declined 4.79% and Oracle fell 5.5%. The broad-based weakness reflected investor caution towards technology stocks amid questions over the pace of AI-driven growth.

Investors are now looking ahead to the start of the third-quarter earnings season next week, when major U.S. banks are due to report results.

Domestic Market:

Indian equity market extended their selloff for a second consecutive session on Thursday, with the Sensex plunging 1.44% to 71,593.24 and the Nifty 50 falling 1.64% to 22,231.80, as surging crude oil prices, the RBI’s hawkish policy shift, elevated US Treasury yields and persistent foreign investor outflows weighed on sentiment. All NSE sectoral indices ended lower, although most IT stocks bucked the broader trend. Weak global cues and broad-based selling intensified risk aversion, while investors remained cautious as the Q2 FY27 earnings season gathered pace. Over the two sessions, the Sensex declined 2.02% and the Nifty 50 fell 2.39%.

GIFT Nifty:

GIFT Nifty October 2026 futures rise 62 points, signalling a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 6,121.37 crore, while domestic institutional investors (DIIs) were net buyers of Rs 4,596.57 crore in the Indian equity market on 7 October 2026, according to provisional data.

FPIs sold shares worth Rs 25,976.20 crore in October through 7 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 mixed on Thursday, tracking the previous session's weakness on Wall Street as elevated US Treasury yields continued to weigh on risk appetite.

Investors assessed minutes from the Federal Reserve's September meeting, which showed that all 19 policymakers supported the latest rate increase, while most participants considered another rate hike likely to be appropriate by the end of the year. The minutes also highlighted differing views among officials over the inflation outlook and the appropriate pace of further tightening.

US stocks ended lower on Wednesday as longer-dated Treasury yields remained elevated. The Dow Jones Industrial Average declined 0.66%, while the S&P 500 fell 0.22%. The Nasdaq Composite also declined 0.22%.

Crude oil prices gained amid renewed geopolitical concerns after reports that the Trump administration was considering military strike options against Iran before the US midterm elections. Brent crude futures rose 1.16% to $101.36 a barrel.

Investors will now turn their attention to the upcoming third-quarter earnings season. Corporate results, Treasury yields, oil prices and expectations for further Fed rate hikes are likely to remain key drivers for global equity markets.

Domestic Market:

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 rate hike was largely anticipated by market participants. Broader market indices also remained under pressure. The Nifty closed below the 22,650 mark, with banking stocks providing some support. Meanwhile, metal and auto stocks declined.

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.