Business Standard
– RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step
– SBI Card to charge 1% on wallet top-ups, app-based education payments
– IntrCity SmartBus secures ₹250 crore as India’s intercity travel booms
– Cipla’s global CEO Umang Vohra to step down, COO Achin Gupta to take over
– Exide Industries delays board meet as I-T department surveys offices
NIFTY OUTLOOK: 25,877.85 FII: -3,077.59 cr DII: 2,469.34 cr
As discussed yesterday, market behaviour remained on the expected lines during the session, as Nifty failed to surpass its previous resistance and slipped near our support level of 25,850, making a day low of 25,845.
Optimist + Pessimist = Balanced investing. Best companies blend aggressive & conservative strategies: save like a pessimist, invest like an optimist. Investors thrive by acting pessimistic in greed mode, optimistic in fear, and focusing on cash flow conversion to identify compounding winners. Bill Gates: “You can only be an optimist long-term if pessimistic enough to survive short-term”.
SAIL reported a sharp decline in Q2 FY26 PAT, falling 49% YoY after the July–September quarter. Despite revenue growth of 8.2% YoY (to ~₹26,704 crore), earnings have come under pressure due to cost escalation, margin contraction and perhaps one-off charges.
PB Fintech Ltd reported a standout performance in Q2 FY26, with consolidated PAT rising 165% YoY to ₹135 crore, up from around ₹51 crore a year ago. Operating revenue increased 38% YoY to ₹1,614 crore, led by a 40% jump in insurance premiums. The insurance business, particularly protection products and renewals, is proving to be a key growth driver.
Varun Beverages Ltd posted a consolidated profit after tax (PAT) of ₹745.2 crore in Q3 CY2025, up 18.5% year-on-year from ₹628.8 crore in the same quarter last year. Revenue from operations rose modestly by 1.9% to ₹4,896.6 crore.
The US Federal Reserve has implemented its second consecutive interest rate cut, reducing the benchmark rate by 25 basis points, while refraining from committing to further easing. The move, aimed at supporting economic growth amid moderating inflation and global uncertainties, has sparked mixed reactions across global markets.
A major global investment fund, overseeing roughly $40 billion, believes the prolonged streak of earnings cuts for Indian companies is finally coming to an end. Analysts covering the Indian market had spent much of the past year reducing profit forecasts amid a weak domestic economy and export headwinds.
India’s benchmark indices, the Nifty 50 and BSE Sensex, are inching close to their all-time highs, yet the broader market tells a different story. The rally is being driven by a handful of large-cap stocks, leaving many mid- and small-cap portfolios behind.
1. FIIs’ net long position is at 19.5%.
2. PCR is at 1.05.
3. VIX is at 11.97.
4. FIIs sold Rs.2,540 cr in the cash segment, sold Rs.1,222 cr in index futures, and bought Rs.833 cr in stock futures.
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