Indian stocks snapped a four-day losing streak on Monday, October 5, as the Sensex rose 473 points to 72,383. Domestic institutions bought ₹5,182 crore of equities, helping the market rebound. Meanwhile, the Jio Platforms IPO countdown started, with the issue likely to open on October 21 for all interested investors.
Top 10@10 | Sensex snaps 4-day losing streak, DIIs outbuy FIIs, and Jio IPO countdown begins
Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.
By Megha Rani
Stocks rebound, crude holds firm, gold shines
Indian stocks bounced back on Monday, snapping a four-session losing streak, with the Sensex surging 473 points and the Nifty gaining 134 points. Easing rate-hike bets, firm global cues and steady crude prices helped lift sentiment. Meanwhile, oil held firm after OPEC+ kept output targets unchanged, while gold gained as expectations of a US Fed rate hike softened.
Sensex rises 473 points, Nifty snaps 4-day losing streak: 5 reasons why stock market rose today
The equity benchmark indices snapped a four-session losing streak on Monday (October 5), with the Sensex rising 473 points to 72,383 and the Nifty gaining 134 points to 22,556 in a volatile session.
Crude firm as OPEC+ keeps oil targets steady; Gold up as Fed rate hike bets ease
DIIs outbuy FIIs as market snaps 4-day losing streak Foreign investors sold ₹4,699 crore of Indian equities on Monday, while domestic institutions bought ₹5,182 crore as the Sensex and Nifty rebounded after four sessions of losses.
Tuesday’s big market cues: Stocks to Jio IPO
Tuesday’s market action has plenty to track — from Axis Bank and Kotak Mahindra Bank updates to Vedanta’s dividend plans and Trent’s numbers. With the Nifty bouncing back ahead of weekly expiry, the big question is whether bulls can hold the recovery. Meanwhile, Jio Platforms’ IPO countdown is on, with the issue likely to open on October 21.
Stocks to Watch for October 6: Axis Bank, Kotak Mahindra Bank, Vedanta, Trent and more
From Axis Bank’s Q2 business update to Vedanta’s interim dividend plans, here are the stocks to track ahead of Tuesday’s trading session.
Nifty Outlook for October 6: Will bears use index bounce as a selling opportunity on weekly expiry?
Nifty staged a modest rebound on Monday after the sharp sell-off in the previous session, finding support around the 22,400 level. The index opened with a minor gap-up and traded in a range of nearly 223 points before closing 133 points, or 0.60%, higher.
Jio Platforms IPO countdown begins: Anchor book likely opens on Oct 19
Jio Platforms is likely to launch its IPO on October 21, with the issue expected to close on October 23, sources said. The anchor book is likely to open on October 19. The entire issue is expected to comprise fresh shares, with the proceeds going to the company.
Trade, banking, telecom & policy in spotlight
India-US trade talks have hit a roadblock, HDFC Bank is gearing up for a new phase under Anup Bagchi, and the Supreme Court has declined interim relief in the SIR row. Meanwhile, tensions between Adani Airports and airlines are rising, TRAI is holding its ground on voice-only plans, and Maharashtra is set to impose water cuts amid a deficient monsoon. Here are the key stories making headlines today.
India-US trade deal talks have reached a plateau, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday, October 5, said negotiations for the India-US trade agreement have reached a “plateau”, with both sides facing difficulties in making further concessions even as talks continue.
HDFC Bank new leadership to focus on three-pronged strategy: Exclusive
India's largest private lender, HDFC Bank Ltd., under the leadership of newly appointed MD & CEO Anup Bagchi, is set to embark on a three-pronged strategy, which include rebuilding brand & trust, optimise its balance sheet and future readiness, sources with knowledge of the matter told CNBC-TV18 exclusively.
Why airlines want proof of Adani Airports’ talks with them since 2020
The standoff between Mumbai airport operator Adani Airports and airlines over the proposed reduction in international operations is escalating, with the Civil Aviation Ministry now stepping in to try to find a way forward.
TRAI says tariff action can’t be based on ‘guesswork’; holds firm on voice-only plans
The Telecom Regulatory Authority of India (TRAI) will not act on speculation over a possible telecom tariff hike, even as it maintains that operators must comply with its mandate to offer voice- and SMS-only plans despite industry pushback.
SIR Row: Supreme Court declines interim suspension of CEC Gyanesh Kumar
The Supreme Court declined to suspend Chief Election Commissioner Gyanesh Kumar as an interim measure on Monday, October 5, and issued notice to the Election Commission of India, Kumar and the other two Election Commissioners on pleas challenging alleged unilateral decisions taken in the poll panel’s name.
Tackling drought: Minimum 10% water cut in Maharashtra urban, rural local bodies from Oct 16
The Maharashtra government on Monday said it will impose minimum 10 per cent water cut in all urban and rural local bodies from October 16 amid a deficient monsoon.
That’s your Top 10@10 for today. Enjoy your weekend, we’ll see you on Tuesday with another roundup.