Overview

• Indian benchmarks opened steady to higher, with the Nifty above 24,900 and the Sensex up as much as 200 points, as banking shares extended last week’s outperformance.
• Tata Capital’s Rs 15,511.87 crore IPO opened for subscription at Rs 310–326 per share after securing about Rs 4,642 crore from anchor investors including LIC.
• TCS will kick off the Q2 FY26 earnings season on October 9, with investors watching management commentary on demand, deal wins, hiring and visa costs.
• Foreign portfolio investors sold Rs 23,885 crore in September, pressuring the rupee near record lows, while domestic institutional buying continued to cushion equities.
• Analysts flag a key pivot near 24,600–25,100 on the Nifty, with 25,100/25,400 as upside hurdles, as traders also track the US government shutdown, FOMC minutes and a 4% Nikkei surge.