Today so far

Godrej Properties and Man Infraconstruction plan ₹6,000 crore Marine Lines project

• The South Mumbai luxury residential project has estimated revenue potential of ₹6,000 crore
• Godrej Properties and Man Infraconstruction will jointly develop the sea-facing project
• The project adds a large Mumbai development pipeline for Godrej Properties and Man Infraconstruction

Sensex falls 900 points as crude rebounds; Nifty slips below 22,900

• Sensex fell 900 points intraday and Nifty dropped below 22,900
• Midcap and smallcap indices were down 1 per cent in early trade
• Crude-led selling pressures Indian equities, with small- and midcap stocks also under strain

Why is market falling today? Sensex tumbles 700 points, Nifty below 22,950. 6 key factors behind Rs 5 lakh crore rout

• Sensex dropped more than 500 points at the open
• Nifty50 opened below 23,000
• Broad market weakness puts Indian equity investors at risk of further volatility

Rupee and government bonds face pressure as oil rises and Iran diplomacy hopes fade

• The rupee and government bonds are vulnerable as oil prices climb
• Global bond yields have surged to multi-year peaks
• Higher oil and yields pressure the rupee and bond prices, affecting banks and rate-sensitive stocks

GIFT Nifty signals weak start as Asian markets trade mixed

• GIFT Nifty signalled a negative start for Indian equities
• Asian markets were mixed amid uncertainty over the US-Iran war; crude rebounded
• Oil-price and foreign-flow swings expose Indian equities, especially oil-sensitive sectors

TakeMe2Space plans orbital data centre launch on Falcon 9 in 2028

• The Hyderabad-based company plans two 100-kg satellites with Nvidia Thor GPUs and 100 TB storage
• It plans to launch the satellites on a SpaceX Falcon 9 rocket in 2028
• A successful launch could advance India’s space and data-centre ecosystem, though execution remains ahead

HSBC targets affluent Indian clients, intensifying competition with local banks

• HSBC is stepping up its India push to drive growth among affluent clients
• The move puts it in more direct competition with ICICI Bank and Kotak Mahindra
• More competition for affluent customers puts ICICI Bank and Kotak Mahindra in focus

Rupee faces pressure as Iran talks stall; RBI intervention seen as a buffer

• The rupee settled at 95.8125 to the dollar on Friday
• The rupee is expected to open slightly weaker, with RBI intervention described as a reliable buffer
• A weaker rupee may benefit IT exporters but raise costs for Indian oil importers

PB Fintech share price can rise 91%, Bernstein projects in its bullish call; Here's why

• Bernstein sees PB Fintech's direct costs reducing meaningfully in FY28 before normalcy returns
• Lower costs could support PB Fintech earnings if Bernstein's forecast materialises

Trump says US is ‘very seriously’ considering diesel export ban to tackle high prices

• The US is seriously considering a diesel export ban amid fuel disruptions and strong overseas demand
• A US export ban could tighten global diesel supply, affecting Indian refiners and fuel users

Sun Pharma signs exclusive licensing agreement with LIB Therapeutics Inc.

• Sun Pharma secured exclusive rights to commercialize and manufacture Lerodalcibep worldwide, excluding the US and China
• The licensing deal gives Sun Pharma a potential global product opportunity outside the US and China

Oil rebounds after Trump rejects Iran peace deal

Oil rises as Iran holds to Strait of Hormuz proposal rejected by Trump

• Oil rose as Iran stuck to its seven-day proposal to reopen the Strait of Hormuz
• Trump rejected Iran’s proposal, threatening further delays in reopening the strait
• Higher crude prices pressure Indian oil marketers and raise costs for fuel-consuming sectors

Rupee opens 7 paise weaker at 95.88 as oil prices climb

• The rupee weakened 7 paise to 95.88 against the US dollar
• Stalled US-Iran talks pushed oil prices higher
• A weaker rupee and higher oil prices pressure Indian oil marketers and import-heavy companies

PC Jeweller clears dues to 14 banks and becomes debt-free

• PC Jeweller cleared dues to all 14 consortium banks ahead of schedule
• Its stock rallied 89% in six months
• Debt-free status may ease balance-sheet concerns for PC Jeweller shareholders

Clean Max shares see a ₹1,199 crore block deal amid volatile trading

• Clean Max shares worth ₹1,199 crore changed hands in a block deal
• Shares opened at ₹1,301, down 6.6%, then erased losses and jumped 4.2%
• Promoter entities held 49.42% at the end of the June quarter
• Block-deal activity and price swings put Clean Max shareholders in focus

Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment

• Nifty fell 0.88% to 22,937 as markets opened lower
• Brent crude topped $105 after Trump rejected Iran’s plan; FIIs sold ₹3,694 crore on Friday
• Higher crude pressures oil marketers and airlines; FII selling weighs on Indian equities

Feeling blue: Near 40% of Nifty stocks down over 20%; ₹31 trn wiped out

• 18 of 50 Nifty stocks are more than 20% below their 52-week highs
• Market capitalisation erosion reached ₹31.35 lakh crore
• Broad losses weigh on Indian equities, particularly the affected Nifty companies and midcaps

Dollar firms as US-Iran tensions lift oil and strengthen hawkish Fed bets

• The dollar strengthened as investors anticipated inflation data and central bank decisions
• Oil prices increased amid ongoing US-Iran tensions

RBI Likely To Hike Repo Rates By 50 Bps Taking Terminal Rate To 5.75% By December: Nomura

Are banks open or closed today? Why 3-day bank strike was deferred by unions; what customers should know

• Banks will function as usual during the strike period announced for September 28–30
• Unions deferred the planned three-day bank strike
• Normal branch operations avoid disruption for customers and businesses reliant on PSU banks

SRIT India IPO opens today: Check price band, GMP, anchor book and other details

• IPO proceeds will fund product modernisation, redevelopment and working capital
• The offer may affect Indian IPO demand and listed peers’ valuations

Trump says US will win Iran war soon; does not rule out strikes before midterms

• Trump said the US-Iran conflict would be won “very soon”
• He declined to rule out military strikes before the US midterm elections
• Renewed conflict risks oil volatility, exposing Indian energy companies and broader equities

A record 16 Indian men join S&P 500 boards this year

• Indian executives took directorships at companies including Walmart, Southwest Airlines and Western Digital

Anthropic and OpenAI warn about AI safety and seek a role in shaping controls

• Anthropic and OpenAI warned that advanced AI systems could endanger humanity
• The companies are seeking to shape how AI is controlled

Stock Market LIVE: GIFT Nifty signals tepid open; Kospi down 2%; Brent rises on US-Iran tension

• GIFT Nifty signalled a tepid open; Kospi fell 2% and Brent rose
• Higher crude prices can pressure Indian oil-sensitive sectors and weigh on equities

Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?

• Oil prices rose more than 1% on Monday after Trump rejected Iran's peace deal
• Higher crude prices may pressure Indian Oil and other fuel retailers if pump prices remain unchanged

Govt, private hospitals likely to be graded on quality & safety

• Niti Aayog is developing a national quality framework for public and private hospitals
• The framework is aligned with international standards to help patients compare hospitals
• Quality grading may affect hospital operators’ reputations and compliance costs

Shah Investor's Home IPO opens today. Check GMP, price band and other key details

• Shah Investor’s Home IPO opens September 28; issue size is ₹90.17 crore
• The issue commands a 5% grey market premium

Gold drops more than 1% on US rate-hike bets

China says US trade-truce extension creates room to advance talks

China industrial profit growth slows to 4.2% in August

• Industrial profit growth was 4.2% in August
• January-August growth was 15.7%, down from 17.6% in January-July

Should one buy the PB Fintech dip? Bernstein sees 91% upside but here's what others said

• Bernstein sees 91% upside in PB Fintech
• Kotak expects PB Fintech to benefit from an industry shift towards low-cost digital models
• A shift to low-cost digital models could benefit PB Fintech’s insurance and lending businesses

India's key-tenor bonds may see relief after October-March supply cut

• Government plans ₹7.86 lakh crore in bond sales from October to March
• Lower bond supply may ease yields, benefiting Indian banks and rate-sensitive stocks

ETMarkets Smart Talk | Fed tightening returns: Ritesh Nambiar on what it means for Indian bonds and the rupee

• Renewed Fed tightening could lift US yields and strengthen the dollar
• Higher US yields and a stronger dollar could pressure emerging-market currencies, including the rupee
• A weaker rupee and higher yields may pressure Indian bonds and foreign-sensitive sectors

Rs 4 lakh crore loss! Why India's storied consumer stocks are languishing near the bottom in 2026

• Major consumer stocks lost nearly ₹4 lakh crore in market value
• The report says demand has upticked despite consumer stocks languishing near the bottom in 2026
• Consumer-stock weakness puts HUL and ITC investors in focus despite an uptick in demand

MCX revenue seen growing 19% annually through FY30, says Macquarie

• MCX revenue is forecast to grow 19% annually through FY30
• Options notional turnover is seen reaching ₹3,220 lakh crore by FY30; traded clients number 2.1 million
• Higher trading activity could support MCX earnings and benefit its shareholders

PB Fintech: the risk was known. Investors chased the stock anyway

• PB Fintech’s stock corrected sharply amid a known regulatory risk
• The risk threatens earnings and the business
• Regulatory risk and valuation pressure expose PB Fintech shareholders to further volatility

MCX revenue seen rising 19% annually through FY30 on wider investor, product base: Report

• MCX revenue is projected to grow at a 19% CAGR through FY30
• Growth is attributed to a wider investor and product base
• Projected growth is positive for MCX and may support its valuation

Coal India Unit SECL said to hire banks for $800 million IPO

• SECL appointed ICICI Securities, SBI Capital Markets, Motilal Oswal and IDBI Capital Markets as advisers
• An IPO may create a listing opportunity in coal; Coal India shareholders are exposed

PB Fintech Faces 38% FY30 Profit Hit Under 'Max Pain' Scenario; Bernstein Still Sees 91% Upside

• Bernstein's 'max pain' scenario puts PB Fintech FY30 profit at around Rs 20 billion, down from Rs 32 billion
• Bernstein still sees 91% upside
• The scenario raises long-term earnings risk for PB Fintech investors, despite Bernstein's bullish upside view

Pre-market action: Here's the trade setup for today's session

• Indian markets are correcting amid global geopolitical tensions and excessive valuations

Holding companies, NBFCs rejig assets, income to escape RBI scrutiny

• Groups are reshaping NBFC and holding-company balance sheets to avoid RBI registration and compliance
• Tighter scrutiny could affect Indian NBFCs and holding companies seeking to avoid RBI oversight

IT Stocks In Focus: TCS, Mphasis Defy Nifty IT Weakness; Citi Cuts TCS Target Price, Maintains 'Sell'

Two years on, Indian equities remain stuck in a grind

• Indian equities have faced a challenging phase since September 2024, with mixed returns
• A prolonged grind tests Indian equity investors’ patience across sectors

GE Shipping's Rs 8,000 Crore Cash Pile Puts Fleet Expansion In Focus; Nomura Initiates With 'Buy'

India's forex reserves fall $14.89 billion to $766 billion

• Forex reserves fell $14.89 billion to $766 billion in the week ended September 18
• Foreign currency assets declined $14.816 billion to $630.980 billion
• A reserve decline can add pressure to the rupee, affecting import-dependent Indian companies

Rupee's likely to slip despite RBI push for stability

• The rupee could fall to 96-97 per dollar by FY27-end
• Persistent outflows from Indian financial assets and elevated crude oil are among the pressures
• A weaker rupee raises import costs for oil, airlines and other companies with foreign-currency exposure

India's AI enablers surge as data centre buildout gathers pace

• India’s AI-linked infrastructure stocks surged despite a weak equity market
• Goldman Sachs identified 42 enablers across power and data centres
• The buildout puts Indian power and data-centre companies in focus

Markets pricing an excessive 125bps rate hike over the next one year: Nomura

• Nomura says markets are pricing an excessive 125 bps of rate hikes over the next year
• It expects the chance of further increases to diminish beyond February 2027
• Higher rate expectations pressure rate-sensitive Indian lenders, real estate and consumer stocks

Rural India's auto demand holds despite weak rains in August: Fada data

• Two-wheeler production grew 15.2% overall; scooters rose 26.7% and motorcycles 9.1% domestically
• Rural auto demand held despite weak August rains
• Resilient demand supports two-wheeler makers such as Hero MotoCorp, Bajaj Auto and TVS Motor

Why Byju’s Aakash stake matters to creditors—and why cashing out won’t be easy

• Creditors are focused on how much of Aakash Think & Learn retains after its settlement
• Unclear Aakash stake recovery leaves creditors, including Indian lenders, facing uncertainty

Nifty faces crucial test at key support level of 23,000: Analysts

• Nifty is nearing support at 23,000, with downside risk to 22,600

Bulls out of steam, it’s slow & steady on D-Street

• Foreign portfolio investors withdrew significant funds from Indian equities
• Domestic mutual fund inflows helped cushion market losses
• FPI selling pressures Indian equities, while domestic mutual funds provide a counterweight

India's housing market hits plateau: Sales flat at ₹3.6 lakh cr in H1 2026

• Housing sales were flat at ₹3.6 lakh cr in H1 2026
• MMR overtook NCR as India's largest housing market; Bengaluru grew 25%
• Flat sales matter for Indian developers; Bengaluru's growth offers a relative bright spot for regional builders

At 43 times earnings, NSE valued way higher than its global peers

• NSE is valued at ₹4.4 trillion, or 43 times earnings
• Analysts flag rich valuations despite strong growth prospects
• NSE’s valuation matters to Indian investors through potential exchange-listing prospects

Sebi's PRIM route: Portfolio managers can invest ₹25 lakh-plus client money in mutual funds

• SEBI launched PRIM, a route for portfolio managers to invest client money in mutual fund units
• The route covers client money of ₹25 lakh-plus
• The new route could affect Indian mutual fund companies and portfolio managers

Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI

• IRDAI Chairman Ajay Seth said excessive upfront commissions are driving insurance mis-selling
• He said cost-efficiency benefits should be passed on to customers and policyholders
• Commission changes could affect LIC and listed insurers’ distribution costs and sales

ArMee Infotech Allotment Status Today: How To Check On BSE, NSE And Cameo Corporate

• ArMee Infotech IPO allotment status is expected today
• Investors can check allocation, refund details, GMP and listing date

Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus

• WTI fell 2.3% to settle at $92.41 a barrel
• Brent crude rose 1% after Trump rejected Iran's peace proposal; it was near $98
• Higher crude prices raise fuel-cost risks for Indian oil marketers, refiners and airlines