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Indian markets ended lower on Wednesday as the Sensex fell 429 points and Nifty dropped over 173 points. Investors reacted to the RBI’s rate hike and calibrated tightening stance. Vinod Nair said, "The domestic market reacted more sharply to the shift in policy stance from neutral to calibrated tightening."
US stocks fell on Wednesday after the S&P 500 and Nasdaq hit fresh highs on Tuesday. Michael Burry warned of a 270-day denial phase, while Ray Dalio said the AI boom is a “classic bubble” nearing a breaking point. Many investors now worry about what these big market shifts mean.
Tata Consultancy Services will announce its second-quarter results for FY27 on Thursday. A look at the last five years shows growth shifted from double-digit expansion to muted levels. While the company got large deals, many clients became cautious. TCS shares fell an average 5.45% during the September quarter over time.
Airtel hiked its postpaid tariffs after over two years, setting a new tone for industry peers. The ₹449 plan now costs ₹499, while the ₹1,749 plan rose to ₹1,799. Analyst Parag Kar said, “The tariff hike is unlikely to have a major impact on its blended Arpu.”
The Reserve Bank on Wednesday said individuals do not need to report foreign imports or export earnings. Deputy Governor Rohit Jain said, "Individuals are not included with respect to the reporting requirements for contracts of a personal nature." The bank will soon publish FAQs to clear up any recent misunderstandings.
Senco Gold, Jubilant FoodWorks, Fino Payments, and Tata Power stocks will be in focus on October 8. Senco Gold reported 31% revenue growth, while Jubilant FoodWorks added 108 stores. Fino Payments saw loan disbursals triple, and Tata Power started a solar pilot. These companies showed strong results across various business sectors.
The US stock market fell on Wednesday as the Dow Jones crashed 565.20 points, or 1.10%. The S&P 500 fell 0.68% and the Nasdaq dropped 0.83%. Rising Treasury yields, which hit their highest level since April 2002, and higher oil prices caused this pressure as investors worried about future inflation.
Kotak Mahindra Bank is among five stock recommendations for Thursday as the market reacts to the RBI rate hike. Analysts say the focus will shift to September-quarter earnings. Sachin Gupta of Choice Equity Broking said, "The market focus will turn to the September-quarter earnings season for further direction."
The Reserve Bank of India set a Rs 25,000 crore threshold for banks to adopt new credit risk rules on October 7. Banks with large derivative exposure must now use the Standardised Approach for Counterparty Credit Risk. Smaller lenders can still use alternative methods to measure their financial risks today.
PC Jeweller reported 28% revenue growth for the quarter ended September 30, 2026. The company also got ₹142 crore from export debtors and became debt-free after paying all bank loans early. Additionally, it finished a ₹500 crore fundraise on September 24, 2026, which helped strengthen its balance sheet for growth.
MRF said on Wednesday that the Kerala State Tax Department reduced its tax demand for financial year 2014-15 to ₹36.19 crore from ₹91.53 crore. The company got this rectification order on October 6. Now, MRF is looking at the order to decide if it will challenge the new tax amount.
Gold fell to a two-month low on Wednesday as a strong US dollar and rising Treasury yields pressured prices. Spot gold dropped 1.6% to $4,096.13 per ounce. Peter Grant said, "The message is rates are going to continue to be higher for longer," which keeps gold under pressure for now.