Stories
Markets Eye HCL Tech Q2 Results and September CPI Data As Brent Crude Sips to $103
- •Markets focus on upcoming Q2 corporate earnings from major firms like HCL Tech along with key September consumer price inflation data.
- •Geopolitical tensions stay in the spotlight as a tanker is struck off the coast of Oman and Saudi Arabia's King Khaled airport faces reported attacks.
- •Brent crude slipped 1 percent to $103 a barrel following announcements regarding an energy ceasefire between Russia and Ukraine.
- •In India, domestic indices snapped an eight-week losing streak with capital markets, FMCG, and PSU banking stocks leading the weekly gains.
- •The Reserve Bank of India tightened forex derivative rules, lowered exposure thresholds, and raised the daily cash reserve ratio maintenance requirement.
Key Questions Answered
The RBI tightened forex derivative rules by lowering the exposure threshold to $5 million, announced a special dollar window for three PSU oil marketing companies, and raised the daily cash reserve ratio maintenance requirement for banks to 99% starting October 16, 2026.
The Sensex and Nifty snapped their eight-week losing streak by rising around 1% last week, led by gains in capital markets, FMCG, and PSU banking stocks. Meanwhile, foreign institutional investors (FIIs) sold equities worth ₹30,294 crore, while domestic institutional investors (DIIs) bought ₹30,313 crore.
Geopolitical tensions persisted as Saudi Arabia’s King Khaled airport in Riyadh reportedly faced a Houthi attack and a drone struck a tanker off Oman. Brent crude slipped 1% to $103 a barrel, while the International Maritime Organization noted that 11 tankers came under attack in the Strait of Hormuz in the week ended October 4.
