The Nifty is down about 13% in the current Samvat year, far worse than the previous low of a 1.4% fall in Samvat 2078. Markets enter the new Hindu financial year with heavy volatility, weak sentiment and little sign of a durable bottom. Happy new year, carefully.
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Midcap and smallcap shares fell harder than frontline stocks last week as investors cut exposure. Brent crude above $117 a barrel, elevated US Treasury yields, foreign selling and liquidity tied up in the Jio IPO all weighed, while IT stocks held up. IT has become the defensive pick.
Read more at The Economic Times →
Investors bid for over 438 crore shares against about 19.75 crore on offer, an overall subscription of 22.19 times. The issue was fully subscribed within 100 minutes and drew nearly 1.4 crore applications, worth about Rs 4.9 lakh crore at the top of the band. Supply was the issue.
Read more at The Economic Times →
Analysts say quarterly results, the US Fed's rate decision, crude prices and West Asia tensions will set the tone. Jio Platforms' market debut, foreign investor activity and September industrial output data will also be watched closely. Analysts will be watching, broadly, everything.
Read more at Business Standard →
Chairman Tuhin Kanta Pandey said Sebi is exploring graded compliance for brokers by scale and tech dependence, reviewing short selling and securities lending, and building a market-making framework for corporate bonds, alongside secondary trading in tokenised bonds. Demat has been given a version number.
Read more at BusinessLine →The founder of Quantum Advisors writes in the Financial Express that in 36 years of dealing with foreign portfolio investors he has not seen such dismay with India, even though registered FPIs have grown from 500 to 12,000. There are simply more of them to be dismayed.
Read more at The Financial Express →The industry added 4.4 million net new investors in 2026 up to September, as equity markets weakened and new fund launches slowed, Business Standard reports. It marks a second consecutive year of slower growth in investor additions. Falling markets remain a weak sales pitch.
Read more at Business Standard →Joint Secretary Alok Tiwari told an ANMI NSE event that stockbroking firms should consolidate into professional organisations rather than remain multi-generation family firms, warning that capacity building will be a brutal culling process as technology reshapes markets. The ministry chose the word brutal.
Read more at BusinessLine →UTI Asset Management's September quarter profit rose to Rs 132 crore from Rs 113 crore, while income slipped to Rs 415 crore. Average AUM grew 6% to Rs 4.02 lakh crore, with passive funds up to Rs 1.88 lakh crore and equity AUM flat. Passive money did the active growing.
Read more at BusinessLine →The RPG Group company won turnkey orders worth Rs 2,872 crore from Power Grid Corporation for 765 kV transmission lines that will evacuate 8.5 GW of renewable power from Gujarat. The stock will be in focus on Monday, as stocks with large orders tend to be.
Read more at Mint →Aprita Vinay, CEO of Spark Capital Private Wealth Management, told BusinessLine that standalone advisory is giving way to integrated platforms spanning investment banking, asset management and succession planning. Spark's assets under management have crossed Rs 52,000 crore. The adviser advises adopting AI.
Read more at BusinessLine →
Oil prices climbed to $117 a barrel on fears of a flare-up in hostilities involving Iran, the Financial Times reports, and the rise in energy prices is pushing US inflation expectations higher. The full piece is for FT subscribers.
Read more at Financial Times →
The Federal Reserve announces its rate decision on Wednesday after a two-day meeting, and investors will also weigh results from Alphabet and Microsoft, the first estimate of third-quarter GDP and October core PCE inflation data. A quiet week, by no one's definition.
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The S&P/ASX 200 dropped 64.9 points, or 0.7%, to 8,730.3 in early trade after oil prices rose over the weekend. Banks led the decline, with Commonwealth Bank down 2% and National Australia Bank down 1.7%. The weekend did the damage.
Read more at smh.com.au →
South Korea's benchmark index fell 51.25 points, or 0.92%, to 5,499.05 at the open on Monday as investors awaited results from SK hynix and Samsung Electronics and the US Fed decision, with oil prices rising. Waiting, it turns out, is also bearish.
Read more at Yonhap →
Strategists are already looking at SpaceX and Tesla as one company. Elon Musk projects SpaceX's annual recurring revenue at between $500 billion and $1 trillion by the end of 2027, with its AI compute business fuelling bets on a new hyperscaler. The range is itself $500 billion wide.
Read more at Yahoo Finance →Global assets under management reached a record $159 trillion entering 2026, up 15% year on year, but falling management fees could pressure revenues through 2030, the Morgan Stanley report says. Private markets and AI are set to drive profitability. Record assets, thinner fees.
Read more at The Economic Times →Bitcoin fell 1.2% and Ethereum 1.1% to about $2,370 over 24 hours, with the global crypto market value down 0.8%. Delta Exchange analyst Riya Sehgal blamed macro uncertainty, weaker institutional flows and leveraged positioning for the pullback. Crypto, too, now has macro.
Read more at The Economic Times →Some French companies' bonds now yield less than French government bonds, the Financial Times reports, as the gap between what the state and corporate borrowers pay keeps narrowing. Lenders now find some companies safer than the state. The full piece is for FT subscribers.
Read more at Financial Times →US hospital chain Bon Secours is close to buying Bain-backed Surgery Partners for about $6 billion, the Financial Times reports. It is the latest not-for-profit healthcare provider to seek a large deal. Not-for-profit has a sizeable budget. The full piece is for FT subscribers.
Read more at Financial Times →The former CEO of Polar Train LNG told the Financial Times that Russian energy giant Novatek financed and controlled the strategic Alaska project without Washington's approval, prompting US executives to quit. The full piece is for FT subscribers.
Read more at Financial Times →Healey is poised to deliver the Budget just as this year's drag from global bond markets appears to be turning, the Financial Times reports, improving expectations for the fiscal plans. The full piece is for FT subscribers.
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Net interest margin rose to 5.8% from 5.5% a year earlier, gross NPAs fell 42 basis points to 1.99% and provisions dropped 25% to Rs 359 crore. Annualised credit cost eased to 0.8% from 1.2%. Every line moved in the direction the bank prefers.
Read more at The Economic Times →
Banks passed on 76.4% of the 250 basis point repo increase between March 2022 and January 2025, but only 64% of the 125 basis point cut from February 2025 to March 2026, according to a study in the RBI Bulletin. Borrowers had suspected as much.
Read more at The Times of India →
The Financial Stability and Development Council, chaired by Finance Minister Nirmala Sitharaman, called for heightened vigilance at its 30th meeting in New Delhi, citing geopolitical uncertainty, the AI boom and rising global bond yields as risks.
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The RBI has spent an estimated $75 billion defending the rupee and added curbs on currency derivatives and a dollar facility for oil marketers. ET BFSI asks whether that is sustainable as reserves decline and the cost of support rises.
Read more at bfsi.economictimes.indiatimes.com →
Sanjay Malhotra said secure, sovereign data centres and cybersecurity are increasingly critical to financial resilience as AI transforms technology. He spoke after inaugurating RBI's new data centre and Cybersecurity Training Institute in Bhubaneswar. The servers will stay home.
Read more at The Times of India →NBFCs told IRDAI that proposed commission caps of 2% for credit life and 5% for credit health insurance would make distribution unviable, since costs are about 32% of premium. They want commissions cut from 45 to 49% to 25% over five years. Commissions of 45% have been mentioned out loud.
Read more at The Economic Times →Banks' IFSC units must deploy at least 5% of the previous year's loans and investments in sustainable lending. With FCNR(B) deposit mobilisation surging, banks plan a formal request to IFSCA for relief after informal talks, Mint reports. Success has made the green share harder to meet.
Read more at The Economic Times →AI, semiconductors and defence each carry over Rs 5 lakh crore of announced investment, but debt dominates only manufacturing and power while AI and space stay equity funded. Technology obsolescence is the top risk, with GPUs refreshing every 18 to 24 months. Lenders prefer longer lasting collateral.
Read more at The Economic Times →An ET opinion piece argues that while the RBI tightly regulates banks and prioritises depositors, it sits on many bank boards and relies on banks for its operations, raising questions about who safeguards the interests of bank shareholders. The regulator is also in the room.
Read more at The Economic Times →Bihar's Annual Credit Plan sets a Rs 4.95 lakh crore target, asking banks to speed up lending to agriculture, MSMEs, startups and other priority sectors, clear pending applications and cut rejections, after a review chaired by Development Commissioner Mihir Kumar Singh. Banks are asked to say yes more.
Read more at bizzbuzz.news →Retail markets in Pune face a shortage of usable Rs 10, Rs 20 and Rs 50 notes, leaving people relying on torn or taped currency. The Vyapari Vikas Mandal has asked the RBI for an urgent supply of new low-denomination notes. Change, for once, is scarce.
Read more at Urban Acres →
Funding fell sharply from the previous week's $2.8 billion, which was dominated by Ramp's $1.85 billion round. Whop's Series D at a $5.1 billion valuation was the largest deal, and Philippine lender Salmon raised $140 million, FinTech Global reports. A quiet week is $541 million.
Read more at fintech.global →
Tradeweb agreed to buy bond trading platform Trumid for about $1.97 billion, Whop raised $200 million at a $5.1 billion valuation, Cross River moved to acquire Accrue and Barclays announced 5,000 job cuts tied to AI-led efficiency.
Read more at Analytics Insight →
Speaking at the afaqs BankFin 360 conference, Gaurav Ramdev, Visa's chief marketing officer for India and South Asia, said the challenge is to make payments seamless while building a human connection beyond the transaction. Invisible and beloved, ideally. The full piece is on afaqs.
Read more at afaqs! →The Reserve Bank of India has granted in-principle authorisation to Spice Money, a material subsidiary of DiGiSPICE Technologies, to operate as a Physical Payment Aggregator, a step that validates its offline merchant payments business. Physical payments still need a licence, and now it has one.
Read more at sahi.com →
Meta's new AI agent Muse is pitched as able to handle tedious money tasks such as combing card statements, haggling over bills and cancelling subscriptions. The San Francisco Chronicle explains how agentic AI differs from chatbots and whether to trust it. Meta would like access to your bills.
Read more at sfchronicle.com →With cash usage falling, a digital euro on the horizon and stablecoins gathering momentum, Sweden's central bank has revived the debate over whether the country should launch its own digital currency, the e-krona. The debate has been revived before. The full piece is behind a login.
Read more at Finextra →XR Pay for Creators aims to bring contracts, tax forms, rights and payments for brand deals into one system. Extreme Reach says about 80% of advertising talent payments, over $1.5 billion a year, already pass through its systems. Influencers have paperwork too.
Read more at wersm.com →The council, a membership body that promotes safe and easy faster payments in the United States, published Operational Considerations for Non-Value Messages, a guide by its Operational Considerations Work Group. The title is unlikely to trend. The full piece is behind a login.
Read more at Finextra →
Pensioners must submit their annual life certificate by the end of November, at a bank branch, digitally through Jeevan Praaman with Aadhaar, or via postal doorstep service. Missing it could disrupt pensions from December. Other changes include an ITR deadline. November is paperwork month.
Read more at Mint →
HDFC Bank's Flexi Electric Car Loan finances the vehicle body and battery separately, letting buyers repay the battery portion over a longer tenure and customise their EMIs. The bank says batteries are the costliest part of an EV. The battery now has its own loan.
Read more at Business Standard →
The income tax department is expected to send notices in the coming weeks to resident Indians with undisclosed property abroad, using data received from multiple countries through the spontaneous exchange of information channel, an official told tax practitioners. Spontaneous, in this case, means arriving.
Read more at a2ztaxcorp.net →
Scammers use WhatsApp and Telegram groups with fake profit screenshots to lure investors into fraudulent trading apps. With 235 lakh demat accounts added in FY26 and Sebi warning of rising scams, Mint explains how to report fraud and try to recover money.
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The Income Tax Appellate Tribunal said adjacent or stacked flats with a common entrance used as one home can qualify as a single house for capital gains exemption, subject to physical verification, even with two deeds or flat numbers. Two flats, one house, one tribunal.
Read more at a2ztaxcorp.net →Value Research notes that a fund falling 18% while the index drops 24% has done well, and the loss reflects timing. Investors should judge funds against peers over a year or more and worry only if one stays near the bottom. Losing less is, technically, winning.
Read more at valueresearchonline.com →NPS Vatsalya is a pension savings account opened in a minor's name, run by a parent or guardian until the child turns 18 and regulated by the PFRDA. Mint explains who gets the money at 18 and the options for continuing or exiting. Retirement planning now starts in nappies.
Read more at Mint →Business Standard advises keeping money for immediate expenses, tracing assets and checking nominations and inheritance rights, through the story of a Noida homemaker left with a month's expenses after her husband died. The full piece is for subscribers.
Read more at Business Standard →An excess is the first part of an admissible claim you pay yourself. With a Rs 1,000 excess on a Rs 2,500 loss, a Rs 1,500 claim may not be worth it, and BusinessLine explains how the no-claim bonus adds another reason to hold back. Insurance is mostly arithmetic.
Read more at BusinessLine →Dhanteras falls on 6 November this year. The BIS hallmark certifies gold purity, but buyers should look further, particularly with smaller jewellers, and Mint walks through the full process of checking what you pay for. The hallmark is the start of the conversation.
Read more at Mint →With 24 carat gold at Rs 1,42,500 per 10 grams, inherited jewellery is worth a fresh look. Before selling, keeping or exchanging it, check purity, deductions for stones, resale value and tax implications. The bangles deserve a valuation.
Read more at Mint →UIDAI's Aadhaar Mythbusters says its database holds only basic demographic details and biometrics given at enrolment. It does not hold information on your bank accounts, shares, mutual funds, property, health records or insurance. It would like that to be clear.
Read more at Mint →The thumb rule says a Rs 15,000 monthly SIP held for 15 years at an assumed 15% annual return could grow to about Rs 1 crore. Livemint runs through the calculations and the role of patience, consistency and compounding. The assumed return is doing the heavy lifting.
Read more at Mint →Banking and markets roles checked today, fintech included. Every listing links to the original posting. Salary negotiation sold separately.
Upcoming fintech festivals and finance summits, each checked against its own page this morning. Lanyards are not an asset class.
It sits on your phone like an app and has never once asked for an update.
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