Net profit rises 13.6% to ₹501 crore and Value of New Business exceeds analyst estimates, but stock weakness reflects lingering concerns over valuation, product mix and proposed insurance distribution reforms
Domestic currency extends its recovery for a second session as easing US dollar strength and lower Treasury yields improve sentiment, while elevated crude oil prices, foreign investor outflows and weak equities limit further gains
Proposed regulations from April 2031 are expected to accelerate research, product development and compliance investments as tyre makers seek clarity on abrasion limits, testing protocols and costs amid rising raw-material prices
Strong double-digit volume growth and improved operating margins fail to reassure investors as rising food inflation, elevated input costs and concerns over future sales growth trigger a reassessment of the FMCG major's valuation.
Tech Mahindra gains nearly 8% after reporting robust quarterly growth, expanding operating margins and stronger deal wins; a 1:1 bonus issue and ₹15 dividend add to investor interest
HDFC Bank, ICICI Bank and Axis Bank attract substantial foreign-currency deposits as lenders prepare to deploy funds into higher-yielding loans; analysts see scope for margin recovery in the October–December quarter.
Nifty IT rises for a fourth consecutive session as Indian software exporters gain more than 10% in a week, while global semiconductor stocks fall 7.4%; improving revenue expectations offer support.
Gold exchange-traded funds trade higher as fund houses suspend fresh lump-sum investments and new SIP registrations in select gold fund-of-funds schemes from October 16; September inflows climb to a seven-month high of ₹4,450.61 crore.
Stock falls to around ₹830 amid high trading volumes despite 26.5% revenue growth and a strong ₹2,814-crore order book; softer margins, supply-chain delays and elevated growth investments weigh on investor sentiment.