Ahead of Market: 10 things that will decide stock market action on Wednesdayeconomictimes.indiatimes.com
Indian equities extended their rebound for a second consecutive session on Tuesday, driven by falling crude oil prices and strong quarterly business updates. The BSE Sensex rose 685 points to close at 73,068, while the Nifty 50 gained over 220 points to end at 22,776. The rally added nearly 5 lakh crore rupees to the total market capitalization. Investor sentiment improved as G7 stockpile releases eased supply concerns following disruptions in the Strait of Hormuz.
Kotak, IndusInd, Axis Bank shares jump on strong Q2 business updatesbusiness-standard.com
Shares of major private lenders including Kotak Mahindra Bank, IndusInd Bank, and Axis Bank surged on Tuesday following strong Q2 business updates. Kotak Mahindra Bank reported a 25 percent year-on-year growth in net advances, aided by strong mobilisation of FCNR(B) deposits. Axis Bank saw its total deposits rise to 14.52 lakh crore rupees alongside significant foreign currency non-resident inflows. Analysts noted strong credit expansion across the sector despite ongoing pressures on core deposit and CASA growth.
Need to have multiple routes under IMEC: French Special envoyeconomictimes.indiatimes.com
France's special envoy Gérard Mestrallet emphasized the need for multiple resilient routes under the India-Middle East-Europe Economic Corridor during a press briefing. Speaking in light of ongoing conflicts in Iran and blockages in the Strait of Hormuz, Mestrallet noted that supply chains require reassessment. Oman, Egypt, Lebanon, Greece, and Cyprus have expressed formal interest in joining the mega-connectivity project. A ministerial meeting is scheduled later this year to evaluate expanding the corridor's geographical scope.
S&P 500 hits record high as AI stocks shrug off bond market slumpft.com
Wall Street's benchmark S&P 500 index touched a fresh record high on Tuesday as artificial intelligence stocks shrugged off a broader bond market slump. Treasury yields eased from multi-year highs alongside declining oil prices. Investors looked ahead to the upcoming quarterly earnings season while major technology stocks posted steady gains. Most members of the Magnificent Seven finished higher in early trading.
Proposal to scrap GST officers' arrest powers based on 'trust'; states likely to back move: Sourceseconomictimes.indiatimes.com
The GST Council is reportedly considering a proposal to strip GST officers of pre-prosecution arrest powers during its upcoming meeting on October 8. Based on the principle of trusting the taxpayer, the move aims to align tax enforcement with other major economic laws. Officials noted that technological improvements in invoice matching have reduced the need for preventive detention. The threshold for criminal prosecution is also proposed to be raised from 1 crore rupees to 5 crore rupees.
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on October 07, 2026rbi.org.in
The Reserve Bank of India announced it will conduct an overnight Variable Rate Reverse Repo auction on October 7 to manage current liquidity conditions. The central bank notified a total amount of 3,00,000 crore rupees for a one-day tenor. The auction window will remain open between 12:00 noon and 12:30 pm on Wednesday. Reversal of the funds is scheduled for October 8.