Indian latest finance news today is being shaped by a cautious recovery in equities as banking and financial stocks gained following strong quarterly business updates, while investors remained focused on the Reserve Bank of India Monetary Policy Committee (RBI MPC) decision due on October 7. The Nifty 50 rose 0.11% to 22,581.25 and the Sensex gained 0.10% to 72,445.54 at 9:18 a.m. on Tuesday. The recovery follows Monday’s gains, which helped end the benchmarks’ longest weekly losing streak in 25 years. However, the rupee remains under pressure near Rs 96.3 per US dollar, while crude oil remains around $100 a barrel and US Treasury yields are elevated. On the corporate side, Trent, Axis Bank, Kotak Mahindra Bank, Godrej Consumer Products, SRIT India and Tata Steel are among the companies in focus following strong quarterly updates and business developments
Trent Reports 23% Revenue Growth
Trent is among the biggest stocks in focus after the Tata Group retail company reported a 23% year-on-year increase in standalone revenue to Rs 5,788 crore for the September quarter.
Revenue for the first half of FY27 rose 21% year-on-year to Rs 11,454 crore. Trent also continued to expand its retail network, adding 10 Westside stores and 17 Zudio stores during the quarter. The company’s strong business update helped lift its shares sharply in early trade, with Reuters reporting a rise of around 10% at the open.
Separately, Trent has announced that its Zudio value-fashion chain has crossed the 1,000-store milestone in India and now operates across more than 300 cities, highlighting the rapid expansion of its retail footprint.
Axis Bank Advances Rise 22.7%
Axis Bank is another major stock in focus after reporting strong growth in its September-quarter business update.
The private-sector lender’s gross advances increased 22.7% year-on-year to Rs 13.85 lakh crore as of September 30, compared with Rs 11.28 lakh crore a year earlier. Advances also increased 8.8% sequentially from Rs 12.73 lakh crore at the end of June.
Total deposits rose 20.7% year-on-year to Rs 14.52 lakh crore, while CASA deposits increased 10.6% to Rs 5.30 lakh crore. Axis bank also reported FCNR(B) deposits of $10.62 billion, or around Rs 1.02 lakh crore.
Kotak Mahindra Bank Reports Strong Credit Growth
Kotak Mahindra Bank is also attracting investor attention following a strong September-quarter business update.
The bank’s net advances rose 24.7% year-on-year and 12.7% sequentially to Rs 5.77 lakh crore. Total deposits increased 23.2% year-on-year to Rs 6.51 lakh crore, while CASA deposits grew 11.3% to Rs 2.49 lakh crore.
Kotak Mahindra Bank also reported FCNR(B) deposits of $5.78 billion, equivalent to approximately Rs 55,344 crore. The strong credit and deposit growth supported the broader banking-sector recovery on Tuesday.
Godrej Consumer Expects Strong Q2 Performance
Godrej Consumer Products remains in focus after giving a positive business outlook for the September quarter despite uneven monsoon conditions and higher commodity-linked input costs.
The company expects consolidated revenue growth in the high teens, underlying volume growth in the high single digits and double-digit EBITDA growth. It also said its standalone business is expected to report revenue growth in the teens and high-single-digit underlying volume growth.
Godrej Consumer said its standalone business is expected to deliver revenue growth in the teens and high-single-digit underlying volume growth, while trade inventory correction could have an estimated 100–150 basis-point impact. The company said growth in personal care and home care portfolios should support performance and that it remains on track to meet its FY27 outlook.
Tata Steel Develops Fire-Resistant Structural Steel
Tata Steel is also in focus after announcing the development of a hot-rolled, fire-resistant E350 structural steel designed to retain a substantial portion of its strength at high temperatures.
The company said the new steel can retain around two-thirds of its room-temperature yield strength at 600°C for up to three hours. The development could have applications in infrastructure and construction where structural resilience under high-temperature conditions is important.
The development adds to Tata Steel’s focus on specialised and value-added steel products as construction and infrastructure demand remains an important driver for the domestic steel industry.
SRIT India Set for Stock Market Debut
SRIT India is scheduled to list on the BSE and NSE today after receiving strong demand for its Rs 218.40-crore IPO.
The issue was subscribed 125.16 times overall, with the retail portion subscribed 63.70 times, the qualified institutional buyer portion excluding anchor investors 91.84 times and the non-institutional investor portion 312.99 times.
Grey-market indications have pointed to a significant premium over the issue price. However, GMP is unofficial and should not be treated as a guaranteed listing outcome.
Also Read: Finance News Today: Markets, Policy and Business Moves
Sensex and Nifty Extend Recovery
Indian benchmark indices opened slightly higher on Tuesday, extending Monday’s recovery.
The Nifty 50 gained 0.11% to 22,581.25, while the Sensex rose 0.10% to 72,445.54. Ten of the 16 major sectors were trading higher, while small-cap and mid-cap indices also gained. Banking and financial stocks led the early recovery.
Monday’s session had already provided some relief, with the Nifty gaining 0.60% to 22,555.75 and the Sensex rising 0.66% to 72,382.47. The gains followed easing crude prices and reduced concerns over aggressive US monetary tightening.
RBI MPC Decision in Focus
The RBI MPC (Monetary Policy Committee) is meeting from October 5 to October 7, with the policy decision scheduled for Wednesday.
The central bank faces a challenging policy environment as crude oil remains elevated, the rupee trades close to record lows and global bond yields have risen. Market expectations are divided between a status-quo decision and a possible 25-basis-point rate increase. Some economists have also warned that a larger hike could be considered if imported inflation risks intensify.
The RBI currently has to balance inflation risks against domestic growth and festive-season demand. The policy decision will therefore be closely watched by banks, NBFCs, real-estate companies, automobiles and other rate-sensitive sectors.
Rupee Remains Near Rs 96.3
The Indian rupee remains under pressure as higher US Treasury yields and a stronger dollar increase demand for the US currency.
Reuters reported that the rupee was expected to open around Rs 96.32-Rs 96.34 per dollar on Tuesday, compared with Monday’s close of Rs 96.2925. The currency is now around 0.6% away from its all-time low of approximately Rs 96.96 recorded in May.
The RBI has been intervening in the foreign-exchange market by selling dollars to slow the rupee’s decline. However, traders expect the central bank to focus on managing volatility rather than defending a specific exchange-rate level if underlying pressures continue.
FII Selling Remains a Concern
Foreign institutional selling continues to remain an important market risk despite domestic institutional support.
On October 5, FIIs sold Rs 4,699.14 crore worth of Indian equities, while DIIs purchased Rs 5,181.62 crore, according to market data. The domestic buying helped absorb some of the foreign selling pressure and supported Monday’s market recovery.
Investors will continue watching institutional flows closely as sustained foreign outflows have been one of the major reasons behind the recent weakness in Indian equities.
Crude Oil and Global Yields Stay in Focus
Crude oil prices remain around the $100-a-barrel level, while global bond yields continue to influence investor sentiment.
Brent crude was around $100.7 a barrel in early Tuesday trade. Resilient Middle Eastern crude exports and the proposed release of emergency stockpiles by G7 countries have helped ease some supply concerns, although geopolitical risks remain.
At the same time, long-term US Treasury yields remain elevated. Rising US yields can increase the attractiveness of dollar assets and put additional pressure on emerging-market currencies such as the rupee.
Market Outlook
Indian financial markets are showing early signs of recovery after the prolonged sell-off, but investors remain cautious ahead of the RBI policy decision. Banking stocks are receiving support from strong quarterly business updates, while Trent’s robust revenue growth has provided an additional stock-specific trigger.
At the macro level, crude oil, the rupee, US Treasury yields, FII-DII flows and the RBI MPC decision will remain the major drivers of market sentiment. The rupee’s proximity to Rs 97 and continued foreign selling underline the external pressures facing Indian markets.
Investors will also track quarterly business updates, banking-sector credit growth and FMCG demand trends as the September-quarter earnings season begins to gather momentum. The RBI’s October 7 policy decision is likely to remain the biggest domestic macro trigger for the week.
