Arpit Beriwal of Motilal Oswal says rollovers are steady with Nifty and Bank Nifty gaining around 1–1.5% month-on-month. He highlights autos as the strongest sector in the current volatile market. Maruti is forming a solid base near 15,500 and could move towards 16,300–16,500, while Eicher Motors has broken out above 7,050 on the weekly chart and may head to 7,500–7,600 in the December series. In energy, Reliance looks strong for 1,600–1,620. Ashok Leyland shows swing potential with support at 144 and targets near 152–160. Strategy: stay long on autos, NBFCs and capital market stocks, while taking tactical shorts in railways, realty and consumer durables due to selective market breadth.
Dharmesh Kant, Head of Equity Research at Chola Securities, says the market appears strong at headline levels but participation is narrow, with pressure in mid- and small-caps despite decent earnings. He attributes current volatility largely to FII rebalancing flows, expecting more stability from January. Earnings outside Nifty 50 grew around 20–21% excluding IT, supported by favourable tailwinds like tax cuts and low inflation. Banking and NBFCs showed growth in retail, home and vehicle loans, though profitability was hit by treasury provisions. Defence continues to outperform with strong book-to-bill ratios, while pharma and speciality chemicals delivered positive surprises aided by currency depreciation. Autos also remain resilient.
Shares of government-owned banks are in focus today amid reports that the Centre may soon revise FDI limits for public sector banks. Currently, foreign direct investment is capped at 20%, but reports suggest the government could raise this to 49% — a move aimed at helping recapitalise PSBs and align them more closely with private banks, where up to 74% foreign ownership is allowed. However, foreign investor interest remains modest for now, with Canara Bank having the highest FII holding at just under 12%, SBI below 10%, and most other listed PSBs under 5%. Will a higher FDI limit change the game for state-run lenders?
India’s defence sector is set for a major boost as the Defence Acquisition Council clears ₹79,000 crore in investments for the armed forces. Abhishek Basumallick, Co-founder & Fund Manager, Shree Rama Managers say this move will not only enhance domestic defence capabilities but also open doors for global exports. With Europe doubling defence spending and outsourcing manufacturing, India’s strategic collaborations position the country as a key player in global defence production. The nature of defence spending is also evolving, focusing more on electronics, surveillance, and drones rather than just traditional army hardware. Analysts predict this shift will drive significant incremental demand and establish defence as a major driver of India’s manufacturing growth in the coming years. Listen in
Gold prices are on fire! MCX gold has surged to a record high of ₹1.31 lakh, just ahead of Diwali, with silver too smashing past ₹1.68 lakh per kilo. In global markets, gold has crossed $4,300 per ounce for the first time ever — marking its biggest weekly gain since 2008. What’s driving this massive rally? Experts point to rising geopolitical tensions, US-China trade worries, and safe-haven demand. In this conversation, Abha Bakaya speaks with Ajay Kedia, MD & Director, Kedia Advisory, who explains why gold and silver prices are at historic levels, whether this rally can sustain, and if investors should still buy at these highs. Listen in
The Indian Rupee has climbed to a two-month high at 87.75 against the US Dollar, recovering sharply after days of volatility. What’s behind this sudden strength? Abhishek Goenka, Founder & CEO, India Forex & Asset Management, explains how RBI’s intervention, improving trade sentiment, and settlement talks with the US on Russian oil are giving the rupee a strong boost. Later, RBI Governor Sanjay Malhotra assures that falling gold prices won’t impact reserves or household budgets, highlighting India’s unique sentiment toward gold.
As Samvat 2081 draws to a close, markets head into Diwali almost flat, With Sensex and Nifty up 0.1% each, while Bank Nifty gained 9%. Midcap and Smallcap indices fell 2% and 7.4%. Nifty Capital Markets surged 29%, Defence 18%, and PSU Banks 14%, while Media, IT, and Realty declined sharply. Top gainers included Eicher Motors, Bajaj Finance, BEL, and Maruti, while Trent, TCS, and Infosys led losers. Gold rose 55%, Silver 64%. Ahead Of Samvat 2082, Business Today TV brings an exclusive Diwali Special Market Masters with Ajay Srivastava, MD, Dimensions Corporate Finance Services in discussion with Aabha Bakaya of Business Today. Tune in for insights on sectors, trends, and festive investment strategies
As Samvat 2081 draws to a close, markets head into Diwali with modest gains — Sensex up 0.9%, Nifty 0.6%, and Bank Nifty rising 10%. Capital Markets and Defence led the rally, while IT, Realty, and Media lagged. Gold and silver shone, with returns of 49% and 46% respectively. Ahead of Samvat 2082, Business Today TV presents an exclusive Diwali Special conversation with Devina Mehra, Founder & CMD, First Global & Nilesh Shah, MD & CEO, Envision Capital Tune in for insights on sectors, trends, and building a winning festive portfolio.
Three leading mutual funds — Kotak, UTI, and ICICI Prudential — have temporarily paused fresh lump-sum investments in their Silver ETF Fund of Funds. The reason? A severe shortage of physical silver in India has sent domestic prices soaring to a 12% premium over global rates — far above the usual 0.5%. With shipping delays and festive demand adding pressure, fund houses are protecting investors from entering at inflated levels and facing short-term losses. Interestingly, SIPs remain unaffected, and regular investments continue as usual. In this video, Vandana Bharti, Head of Commodity Research at SMC Global Securities, explains the silver supply crunch, what it means for investors, and whether now is the right time to stay invested or wait for a correction.
PB Fintech’s Joint Group CEO, Sarbvir Singh, shares his vision for 2026–27, defining success not by profits or market share — but by the number of Indian families protected by insurance. He also reveals PB Fintech’s next big move — entering the affordable healthcare space, with plans to acquire and operate hospitals offering quality care at reasonable prices. From insurance expansion to healthcare innovation — here’s how PB Fintech plans to broaden its impact and deepen its purpose.
The government’s decision to remove GST on life and health insurance has been hailed as a major step for the sector. PB Fintech’s Joint Group CEO Sarbvir Singh says this move reinforces the idea that insurance is essential, not optional. He explains how the exemption is already boosting awareness, traffic, and demand on Policybazaar’s platform — helping deepen insurance penetration across India.
Prime Minister Narendra Modi and U.S. President Donald Trump held their second phone call in a month, reviewing progress in ongoing trade discussions between the two countries. Modi said they agreed to stay in close touch over the coming weeks. U.S. Commerce Secretary also noted that India is expected to start rebalancing oil imports toward the U.S. in the coming weeks and months.
Indian Film production and distribution stocks are under the spotlight after US President Donald Trump announced a 100% tariff on films made outside the United States. The move is expected to significantly impact the Indian film industry, which earns a large portion of revenues from the US box office and streaming services. Estimates suggest collections of ₹1,400–1,500 crore in 2024, with Hindi and Telugu films leading. Key revenue earners include Baahubali 2, Pathaan, RRR, and Pushpa 2. The tariff could disrupt distribution deals, overseas earnings, and animation outsourcing, challenging studios to rethink release strategies and international operations.
The board of Tata Trusts is meeting today following weeks of reported internal divisions within the body, which holds 66% stake in Tata Sons, the controlling company of the Tata Group. The rift has drawn attention from the Modi government, with four senior Tata leaders meeting the Home and Finance Ministers on Tuesday evening.
Business Today continues its festive season coverage with an exclusive conversation with Sarbvir Singh, Joint Group CEO of PB Fintech, the parent company of Policybazaar and Paisabazaar. In this in-depth discussion, Sarbvir talks about the company’s journey from an online insurance aggregator to a diversified digital financial powerhouse. He explains the key growth drivers shaping the future — India’s expanding middle class, rising insurance awareness, and the nation’s digital transformation. Singh also shares insights on the government’s GST rationalisation for insurance, the company’s entry into the pension and affordable healthcare segments, and the strategic balance between secured and unsecured lending. Tune in to understand how PB Fintech is redefining protection, trust, and financial inclusion in India.
There are reports of unrest within the Tata empire. According to sources, top Tata Group leaders — Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran — met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman in Delhi last night. This meeting comes amid reports of infighting among Tata Trusts trustees over board appointments and governance issues. Also present were Vice Chairman Venu Srinivasan and trustee Darius Khambata. Watch Business Today’s Krishna Gopalan decode what this means for the Tata Group and India Inc.
Tata Capital is set to raise over ₹15,500 crore in its first IPO since 2023, with a price band of ₹310–326 per share. MD & CEO Rajiv Sabharwal says the company plans to deploy the funds across multiple “hero” products rather than a single segment, with housing leading the retail book, followed by consumer and SME lending. About 88–89% of the lending portfolio is retail, with unsecured loans accounting for just 11%, making the book granular and diversified. On concerns about unlisted shares bought at higher valuations, Sabharwal emphasized that the company does not track the unlisted market and has always been consistent with its approach when raising new funds.
Tata Capital Ltd. is set to launch India’s biggest IPO of 2025, aiming to raise up to ₹15,512 crore through a combination of fresh equity and an offer for sale. The IPO, the first from the Tata Group since Tata Technologies in 2023, includes a fresh issue of 21 crore shares and an OFS of 26.58 crore shares, with promoters and IFC selling a portion. The price band is ₹310-326 per share. Subscription opens on 6 October and closes on 8 October, with anchor placement on 3 October. Grey market demand is already strong, reflecting robust investor interest. Watch Rajiv Sabharwal, MD & CEO, Tata Capital Limited on IPO listing, future plans, and expansion strategies.
Indian Film production and distribution stocks are under the spotlight after US President Donald Trump announced a 100% tariff on films made outside the United States. The move is expected to significantly impact the Indian film industry, which earns a large portion of revenues from the US box office and streaming services. Estimates suggest collections of ₹1,400–1,500 crore in 2024, with Hindi and Telugu films leading. Key revenue earners include Baahubali 2, Pathaan, RRR, and Pushpa 2. The tariff could disrupt distribution deals, overseas earnings, and animation outsourcing, challenging studios to rethink release strategies and international operations.
The Reserve Bank of India’s Monetary Policy Committee (MPC) is in its final day of deliberations, with Governor Sanjay Malhotra set to announce the outcome tomorrow. Markets are eagerly watching whether the RBI will deliver a festive rate cut or hold steady amid global uncertainties, GST cuts, and muted private investment. In this conversation, Indranil Pan, Chief Economist at Guest Bank, shares his views on the growth-inflation balance, the potential impact of GST on consumption and prices, and the RBI’s draft proposals to ease lending norms, offer more flexible loans, expand gold-backed credit, and provide banks with easier fundraising avenues. We also discuss what a hold decision could mean for bond yields, market sentiment, and the RBI’s forward guidance as India navigates its complex economic landscape.
Indian pharma faces a major jolt as President Trump slaps 100% tariffs on branded and patented medicines from October. While the move spares companies setting up plants in the US, it puts at risk nearly $1 billion worth of Indian exports. The US, India’s biggest pharma market, buys a third of its drug exports—dominated by low-cost generics that power America’s affordable healthcare.
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