Stock Index

India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This decline is attributed to sustained foreign portfolio investor selling and large-cap stock underperformance. The top 10 companies now account for around 17.65% of the total market capitalisation as of October 9. Despite this, domestic flows are supporting the broader market and smaller companies are outperforming large caps.

The S&P 500 quietly celebrated the start of the bull market's fourth year, but volatility could pick up as earnings season starts and inflation data rolls in.

Asian shares were mixed and oil prices fell about USD 1.50 a barrel Monday as US President Donald Trump's plan to purchase diesel from Russia drew criticism from some lawmakers.

GIFT Nifty Futures indicated a flat start to the trading day and week as the spotlight remained on oil prices and geopolitical developments., Markets, Times Now

Indian shares are set to open higher on Monday after snapping their longest weekly losing run in 25 years on Friday, as oil prices fell on expectations of a ​Russia-Ukraine energy ceasefire and the central bank unveiled new currency-support measures.

U.S. Treasury yields eased from recent highs, with the 10-year yield down 3.3 basis points on the week to 5.243% and the 2-year yield down 3.4 basis points to 4.789%. All three major U.S. stock indexes closed higher, led by the Nasdaq Composite up 0.64% and the S&P 500 up 0.59%, while the Dow added 423 points. President Donald Trump said Russia would immediately supply more than 300,000 tons of diesel, as WTI settled near $92 a barrel and Brent ended above $104 a barrel.

U.S. stocks ended higher on Friday, with the Dow up 0.8% and the S&P 500 and Nasdaq each rising about 0.6%. Investors turned their focus to next week, when third-quarter earnings season begins and key inflation data are expected. Analysts are looking for big banks to help drive overall S&P 500 profit growth of 30%. Separately, U.S. consumer sentiment weakened this month and near-term expectations fell to a record low, according to the University of Michigan.

Tata Consultancy Services reported Q2 results that topped expectations, with net profit up 14.9% year on year to Rs 13,884 crore and revenue rising 11% to Rs 73,188 crore. The numbers helped lift sentiment in Indian equities on Friday, with the Nifty50 and Sensex both gaining more than 1%. Buying was led by IT stocks, even as Brent crude stayed above US$100/bbl and foreign outflows persisted.

The S&P 500 and the Nasdaq fell on Tuesday, led by declines in technology stocks. Reports said ChatGPT maker OpenAI’s annualized revenue is about $50 billion, below some market estimates of $70 billion. The news helped trigger a selloff in chip shares, pushing the Nasdaq 100 down 1.4% and the Philadelphia Semiconductor Index down 3.4%.