On Wednesday, October 15, equity benchmark indices Sensex and Nifty 50 are expected to open higher amid mixed global market cues. At 7:15 AM, the GIFT Nifty was trading at 25,288, up 82 points, indicating a positive start for domestic equities.
Adding to the positive catalyst, the International Monetary Fund (IMF) raised India’s FY26 GDP growth forecast to 6.6% from 6.4%, while it trimmed its FY27 estimate by 20 bps to 6.2%. The IMF projects global growth to slow from 3.3% in FY24 to 3.2% in FY25 and to 3.1% in FY26.
In early trades, Asian markets traded higher, while the US stock market ended mixed overnight, amid escalating US-China trade tensions.
Tech Mahindra’s net profit for Q2FY26 rose 4.7% QoQ to ₹1,195 crore from ₹1,141 crore. Revenue increased 4.8% QoQ and 5.1% YoY to ₹13,995 crore from ₹13,351 crore. EBIT grew 15.1% QoQ and 32% YoY to ₹1,699.4 crore, while the EBIT margin improved by 104 bps to 12.1% from 11.1% in the previous quarter. The board also declared an interim dividend of ₹15 per share.
Axis Bank, Indian Railway Finance Corporation, HDFC Life Insurance Company, HDFC Asset Management Company, L&T Finance, HDB Financial Services, Oberoi Realty, Tata Communications, KEI Industries, Mangalore Refinery and Petrochemicals, Angel One, Nuvoco Vistas Corporation and Network 18 Media & Investments will announce their Q2 earnings today.
On Tuesday, October 14, Foreign Institutional Investors (FIIs) continued to be net sellers, offloading equities worth ₹1,508.53 crore.
Domestic Institutional Investors (DIIs) were buyers on Tuesday. DIIs bought equities worth ₹3,661.13 crore, marking their 35th consecutive session of net buying.
On Tuesday, October 14, Indian equity indices extended their losses, weighed down by Bajaj Finance and TCS. The Nifty 50 fell 81.85 points (0.32%) to 25,145.50, and the Sensex declined 297.07 points (0.36%) to 82,029.98. India VIX rose over 1% intraday, reflecting higher market volatility.
All 11 sectoral indices ended in the red, with Nifty Financial Services and Nifty Bank slipping 0.2% after two sessions of gains. Private and PSU bank indices fell 0.34% and 1.52%, respectively, on profit booking. Broader indices, including Nifty Midcap and Smallcap, also closed lower.
US stock market ended mixed on Tuesday after Federal Reserve Chair Jerome Powell reinforced bets on an interest rate cut in October amid a weakening labor market.
The Dow Jones Industrial Average gained 202.88 points, or 0.44%, to 46,270.46, while the S&P 500 fell 10.41 points, or 0.16%, to 6,644.31. The Nasdaq Composite closed 172.91 points, or 0.76%, lower at 22,521.70.
The United States and China have implemented new port surcharges on ocean shipping companies involved in global trade. China announced that these additional fees will apply to vessels owned, operated, constructed, or registered under the US flag. However, it clarified that ships built in China will not be subject to these charges.
Federal Reserve Chair Jerome Powell indicated that the central bank is likely to conclude its balance sheet reduction in the near future. He noted that conditions in the US labor market are continuing to weaken, aligning with market expectations of a potential interest rate cut later this month. Powell stated that the Fed intends to halt balance sheet runoff once reserve levels remain comfortably above what is deemed sufficient for maintaining ample liquidity in the banking system.
Gold prices rose, hovering near record highs, as investors flocked to safe-haven bullion on renewed US-China trade tensions. Spot gold price rose 0.4% to $4,155.99 per ounce.
The US dollar was on the defensive after comments from Powell bolstered wagers on an interest rate cut this month. The dollar index, which measures the US currency against those three peers along with three others, was flat at 99.055, after declining 0.2% in the prior session
Crude oil prices fell as investors weighed the International Energy Agency’s warning of a supply surplus in 2026. Brent crude oil futures fell 0.16% to $62.29 a barrel, while US West Texas Intermediate futures declined by 0.14% to $58.62. Both contracts closed at five-month lows in the previous trading session.
Disclaimer: The article is for informational purposes only and not investment advice.
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