India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficiteconomictimes.indiatimes.com
India's goods exports surged by 23 percent in September to reach $44.4 billion, driven by strong gains in electronics, petroleum, and engineering goods. Import growth slowed to a six-month low of 8 percent, weighed down by an 81 percent drop in gold shipments and a 49 percent decline in silver imports. This narrowed the trade deficit to $30.21 billion from $33 billion in the previous year. Commerce Secretary Rajesh Agarwal noted that exports accelerated during the second quarter of the fiscal year. Federation of Indian Export Organisations president SC Ralhan highlighted the resilience of local exporters during global trade challenges.
Nifty hits 52-week low as crude, FII selling weighthehindubusinessline.com
Indian equities suffered broad-based selling pressure as the Nifty hit a fresh 52-week low, closing down 1.64 percent at 22,231.80. The Sensex declined 1.44 percent to end at 71,593.24 as rising crude oil prices, sustained foreign institutional investor outflows, and elevated global bond yields dampened sentiment. All sectoral indices closed lower, with metal, realty, and media stocks leading the losses. The Indian rupee touched an all-time low of 97.10 before closing at 6.78 against the US dollar. Analysts attributed the market slump to investors repricing higher-for-longer interest rate risks during a hawkish domestic monetary policy.
Reliance Industries, BSE lead mutual fund buys in September, shows databusiness-standard.com
Mutual funds invested nearly six thousand crore rupees in Reliance Industries in September, making it the most-bought stock ahead of the upcoming Jio Platforms initial public offering. BSE attracted net mutual fund investments exceeding five thousand five hundred crore rupees following its inclusion in the Nifty 50 index and a related block deal. HDFC Bank, ICICI Bank, and Swiggy also ranked among the top-bought stocks according to Prime Database. Meanwhile, Wipro, Larsen and Toubro, and Tata Consultancy Services emerged as the most-sold stocks by fund managers. The buying spree reflected portfolio adjustments ahead of major corporate listings and index rebalancing.
US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcareeconomictimes.indiatimes.com
US stocks ended higher on Thursday as investors rotated away from technology shares and into healthcare and consumer stocks. The Dow Jones Industrial Average rose 1.08 percent to 52,180.93, while the S&P 500 gained 0.32 percent to 7,744.07. Tech stocks faced downward pressure as market participants scrutinized high debt loads in the artificial intelligence sector during rising borrowing costs. Eli Lilly and UnitedHealth rallied following rating upgrades from Deutsche Bank, whereas chipmakers Nvidia and Broadcom dipped. Treasury yields remained near multi-year highs as oil prices fueled persistent inflation concerns.
India notifies amended tax treaty with Mauritius, introduces principal purpose testddnews.gov.in
The Indian government has notified the amended tax treaty with Mauritius, introducing a principal purpose test to curb tax evasion. The updated protocol aligns bilateral investment rules with international standards against treaty abuse. Investors routing capital through the island nation will now need to demonstrate genuine commercial substance rather than relying solely on tax benefits. The change aims to prevent shell companies from exploiting loopholes in cross-border transactions. Financial experts are reviewing portfolio structures to ensure compliance with the new regulations.
Developments in India’s Balance of Payments for the Month of August 2026rbi.org.in
Preliminary balance of payments data released by the Reserve Bank of India showed the current account deficit widened to $18.3 billion for the April to August period compared to $12.8 billion a year earlier. Merchandise imports climbed to $366 billion, outpacing export growth during the five-month window. Net services receipts rose to $85.8 billion, providing a partial buffer against the wider trade gap. The capital account surplus surged to $76.3 billion, bolstered by strong banking capital inflows and non-resident Indian deposits. Overall balance recorded a surplus of $58 billion for the period.