Particle.news

Download on the App Store

Banks Nudge Sensex, Nifty Higher as Tata Capital IPO Opens and Earnings Season Nears

Attention turns to TCS’s October 9 earnings after a month of foreign outflows.

Overview

  • Benchmarks opened slightly higher as buying in lenders supported early trade, with the Sensex briefly above 81,400 and the Nifty near 24,950.
  • Tata Capital launched a Rs 15,511.87 crore IPO, open through October 8, after securing about Rs 4,642 crore from anchor investors.
  • Foreign portfolio investors were net sellers in September, offloading roughly Rs 23,885 crore, even as domestic institutions provided counterflows.
  • Q2 results begin this week, with Tata Consultancy Services set to report on October 9, shaping the near‑term outlook for Indian equities.
  • The U.S. government shutdown is delaying key economic releases such as the September jobs report, while record gold prices above $3,900 signal safe‑haven demand.