Equity & Indian Market Developments

 

• Nifty 50 ended an eight-week losing streak, gaining 0.44% to 22,520; Sensex rose 0.78% during the week ended 9 October.
• The Nifty 500 gained just 0.04%, while Midcap 100 rose 0.09% and Smallcap 100 gained 0.50%; the recovery remained narrow.

• FMCG (+2.45%), Private Bank (+1.97%) and Bank (+1.48%) led NSE sectors, reflecting a tilt towards defensives and financials.

• Realty (-3.72%), Metal (-3.69%) and Auto (-2.07%) lagged, amid rate sensitivity, profit-taking and greater input-cost concerns.

• India VIX eased 0.69% to 14.36, suggesting a modest cooling in near-term volatility despite continued market uncertainty.

• Stronger reported Q2 earnings and temporary easing in geopolitical fears helped sentiment; elevated crude and policy risks capped gains.

 

 

Global Market Developments

 

• Global markets were mixed. The MSCI World index rose 1.41%; the Russell 1000 advanced 1.18%, and Nasdaq gained 0.64%.

• UK FTSE 100 added 0.86%, while France CAC 40 fell 1.19% and Germany DAX declined 0.57% over the week.

• US monetary-policy expectations and Iran-related headlines shaped risk appetite; crude oil remained sensitive to supply disruptions.

• The US 10-year Treasury yield slipped 4 bps to 5.24%; UK and German 10-year yields rose 8 bps and 2 bps, respectively.

 

 

Fixed Income & Debt Market

 

• RBI increased the repo rate by 25 bps to 5.50% in its October 2026 review and shifted to a calibrated-tightening stance.

 

 

• The benchmark 10-year Indian G-Sec yield rose 9 bps to 7.30%, from 7.21% the previous week, as inflation risks weighed.

 

 

Commodities

 

• Spot gold gained 1.24% over the week to $4,193.83/oz, aided by a softer dollar and a pullback in US Treasury yields.

 

• Silver rose 0.68% WoW to $60.81/oz; MCX silver remained range-bound, with momentum easing after its previous rally.

• Silver continues to face both industrial-demand and investment-flow drivers; volatility warrants measured position sizing.

• Brent crude gained 1.75% WoW to $104.41/bbl; NYMEX crude added 0.44% to $91.30/bbl.

• Oil supply concerns persisted around Middle East developments, partly offset by indications of delayed military action and diesel supplies.

• Copper rebounded amid tight mine supply and low inventories, though elevated prices could constrain near-term physical demand.

 

 

Macro-Economic Updates

 

• India manufacturing PMI improved to 55.1 in September from 52.8; services PMI rose to 55.2 from 54.1.

• Composite PMI advanced to 55.9 from 54.3, indicating continued expansion in private-sector activity.

• RBI projected FY27 CPI inflation at 5.2% and real GDP growth at 7.1%, while citing energy and supply-side inflation risks.

• India fiscal deficit reached 41.88% of FY27 budget estimates by August, compared with 26.84% in the previous reading.

• The rupee was around ₹96.7 per US dollar at week-end; US CPI and PPI releases on 14–15 October are key near-term catalysts.

 

 

 

Best Regards

Alpha Research

 

Disclaimer: This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instrument.The information is based on publicly available sources believed to be reliable, but accuracy and completeness are not guaranteed. Views expressed are subject to change without notice.  Investors should conduct their own due diligence and consult a qualified financial advisor before making investment decisions.