Stories
Sensex rebounds as DIIs outbuy FIIs and Jio IPO countdown begins
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CNBC TV18•05-10-2026, 21:58
Sensex rebounds as DIIs outbuy FIIs and Jio IPO countdown begins
- •Indian equities snapped a four-session losing streak as the Sensex surged 473 points and the Nifty gained 134 points, aided by easing rate-hike bets and firm global cues.
- •Domestic institutional investors outbought foreign investors, with DIIs purchasing Rs 5,182 crore of equities compared to FII sales of Rs 4,699 crore.
- •Jio Platforms IPO countdown has begun, with the issue reportedly expected to open on October 21 and the anchor book likely launching on October 19.
- •Corporate updates in focus include Axis Bank and Kotak Mahindra Bank progress, Vedanta dividend plans, and HDFC Bank's new three-pronged strategy under Anup Bagchi.
- •Maharashtra government announced a minimum 10 percent water cut across urban and rural local bodies starting October 16 due to a deficient monsoon.
Key Questions Answered
Jio Platforms is expected to launch its initial public offering on October 21, 2026, and close on October 23, 2026, with the anchor book likely opening on October 19.
The Maharashtra government is imposing a minimum 10 percent water cut in all urban and rural local bodies starting October 16 due to a deficient monsoon.
Finance Minister Nirmala Sitharaman stated that negotiations for the India-US trade agreement have reached a plateau because both sides face difficulties in making further concessions.
