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Shares of Hexaware Technologies, Cyient, RailTel, and others will remain in focus next week as 25 companies fixed record dates for corporate actions. Between October 26 and October 30, firms will process dividends, stock splits, and buybacks. Investors must own these stocks before the record dates to get the payouts.
Small and mid-cap funds got Rs 16,873 crore in September, making up 44% of total equity inflows. Even though valuations look expensive compared to large caps, many investors still put money into these segments. The report said, "The correction has not fully addressed the valuation gap between smaller companies and peers."
Foreign institutional investors sold Indian equities for the 10th straight week, offloading Rs 26,970 crore. The Nifty 50 fell 2.4% to 22,600 amid global uncertainty. Pabitro Mukherjee said, "The steady moderation in FII selling offers some comfort, though elevated crude and sharp broader-market weakness keep the downside risk alive."
Kotak Mahindra Bank reported a 26 percent jump in consolidated net profit to Rs 5,645 crore for the quarter ending September 30. The lender said total income reached Rs 29,426.88 crore. Net advances grew 25 percent to Rs 5.77 lakh crore, while asset quality improved with the GNPA ratio at 1.04 percent.
Wheat acreage is expected to remain stable in the 2026-27 rabi season despite weak monsoon rainfall. M L Jat said, "availability of irrigation facilities in major wheat-producing states was expected to limit the impact of below-normal rainfall." The government set a production target of 121 million tonnes for this year.
Shriram Finance said it will expand its gold loan business despite rising repayment issues. Executive Vice Chairman Umesh Revankar said, "Shriram's portfolio is small, but the opportunity is very large." The company blamed the rise in bad assets on a new repayment format, as many customers struggle with monthly payments.
Reliance Industries’ Jio Platforms has become India’s largest-ever IPO, raising Rs 30,213 crore. The issue surpassed Hyundai Motor India’s 2024 offering and got fully subscribed within 100 minutes. By the close on October 23, the overall subscription reached 22.19 times, as many investors showed strong demand for the fresh shares.
A bizarre investment scam in Norway is tricking victims into buying gold and leaving it in forests. Finans Norge said the first cases emerged in spring. Fraudsters convince people that this keeps their savings safe, but the gold gets stolen. Banks reported that customers lost 962 million kroner to fraud.
Jio Platforms’ Rs 30,213-crore IPO signals over 22% listing gains as the grey market premium reached Rs 250 per share. The issue closed on October 23 with a 22.19 times subscription. Investors now wait for the allotment on October 26, ahead of the company’s market debut on October 28.
Bitcoin hovers near $80,685 and Ethereum trades around $2,370 as macro uncertainty weighs on crypto markets. Research Analyst Riya Sehgal said, "the pullback has been driven by a combination of macro uncertainty, weakening institutional flows and leveraged positioning." Major altcoins like XRP and Dogecoin also fell by 2.2% recently.
Odisha attracted investment proposals worth Rs 53,894 crore at India Chem 2026 in Mumbai on Friday. These projects could create 20,210 jobs across sectors like power and chemicals. NLC India led the way with a Rs 37,000 crore plan. The state signed nine MoUs and four intents to boost growth.
IDFC First Bank, Castrol India, and JK Cement are among 33 companies scheduled to announce their Q2FY27 financial results on Saturday. Meanwhile, the Sensex and Nifty50 fell for the fourth consecutive session on October 23. Investors got cautious as geopolitical tensions weighed on market sentiment, causing many sectoral indices to drop.