Dollar bonds to lose some lustre as US yields surge
INDIA MARKET | Fri, 18 Sep 2026, 7:03AM IST
Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
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Rupee may need to fall further: Axis Bank
INDIA MARKET | Fri, 18 Sep 2026, 6:55AM IST
The rupee may need further depreciation to address trade shocks. Its real effective exchange rate has fallen to a 2013 taper tantrum level. Economists suggest a potential 10% weakening of the REER within a year. Global trends and domestic rates might be misaligned, causing currency pressure. The Reserve Bank of India has sold significant dollars to support the rupee.
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Rupee down nearly 6% in 2026, further weakening possible: Axis Bank
INDIA MARKET | Fri, 18 Sep 2026, 6:55AM IST
The rupee may need further depreciation to address trade shocks. Its real effective exchange rate has fallen to a 2013 taper tantrum level. Economists suggest a potential 10% weakening of the REER within a year. Global trends and domestic rates might be misaligned, causing currency pressure. The Reserve Bank of India has sold significant dollars to support the rupee.
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Adam Smith to head Disney's streaming biz
INDIA NEWS | Fri, 18 Sep 2026, 6:54AM IST
Walt Disney on Thursday named insider Adam Smith chairman of its streaming business, as the company seeks to sharpen its focus across its direct-to-consumer platforms such as Disney+ and Hulu.The company also named Joe Earley president of Disney Entertainment Television Franchise and Content Strategy, creating a new role focused on developing television franchises and maximizing their value across the company.Smith, who joined Disney in 2024, will also be responsible for strategy and development across Disney's global entertainment subscription video-on-demand business, proprietary advertising technology and emerging technologies.The appointment comes as Disney places greater emphasis on its direct-to-consumer business, which has become a key part of its strategy to distribute content, deepen engagement with viewers and grow its advertising business.Earley joined Disney in 2019 ahead of the launch of Disney+ and became president of Hulu in 2022.
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US stocks rebound as oil prices fall and bond yields ease after Fed rate hike
INDIA MARKET | Fri, 18 Sep 2026, 6:39AM IST
On Thursday, US stocks surged, reclaiming nearly all their weekly losses due to declining oil prices and reduced pressure in the bond market, allowing Wall Street to bounce back from previous declines. Following the Federal Reserve's initial interest rate hike in years, indications of further increases contributed to notable weekly volatility in the stock markets.
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RBI's OMO sale exceeds expectations, absorbing excess liquidity with higher bond yields
INDIA NEWS | Fri, 18 Sep 2026, 6:29AM IST
Mumbai: The central bank's first open market operation (OMO) sale of the year saw a stronger-than-expected response, with market participants placing bids worth 66,590 crore against the notified amount of 50,000 crore. The Reserve Bank of India (RBI) accepted bonds at yields higher than prevailing market levels, seeking to suck out excess liquidity.Higher yields suggest a premium demanded from the investors. The OMO comes ahead of 28,000 crore weekly bond auction scheduled Friday by the RBI.134323569The 8.28% GS 2032 was the most in demand, with market participants bidding the highest at 19,700 crore, while the five-year 6.68% GS 2031 paper garnered bids of 7,970 crore."The yields were slightly higher than prevailing market levels and expectations, but the OMO was well subscribed. Since the sale was fully subscribed, it did not lead to any significant negative reaction in yields," said Alok Singh, head of treasury at CSB Bank.Read more: Paytm karo, back in vogue again: Can the stock reclaim IPO price after 5 years and 480% rally?For example, the yield of the five-year paper closed at 6.78% on Thursday, while the cut off yield in the OMO was 6.90%.The 6.79% GS 2029 three-year paper was taken at a cutoff yield of 6.70%, while it closed at 6.66%.The RBI is conducting OMOs to absorb surplus system liquidity and align the weighted average call rate (WACR) with the policy rate. Selling securities in the OMO is one of the measures the central bank uses to drain excess liquidity in the banking system.Read more: Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-AugustOverall liquidity now stands at 7.37 lakh crore on September 16, while the next OMO sale of 25,000 crore will take place on September 21. The WACR is at 5.05%, and has been below the 5.25% policy repo rate since late July. The RBI will also conduct a 3-day variable rate reverse repo (VRRR) operation for 2.25 lakh crore on Friday.
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RBIs Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore
INDIA MARKET | Fri, 18 Sep 2026, 6:29AM IST
The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week.
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Global Market Today: Asian stocks, bonds gain as oil extends decline
INDIA MARKET | Fri, 18 Sep 2026, 6:24AM IST
MSCIs regional equities gauge advanced 0.3% with South Koreas Kospi index leading gains. That came after the S&P 500 Index rose 1.1% on Thursday, its biggest advance since early August. The tech-heavy Nasdaq 100 Index climbed 1.7%, while a key gauge of chipmakers jumped 3.1% as US stocks rebounded from losses triggered by the Federal Reserves first rate hike since 2023.
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Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
INDIA MARKET | Fri, 18 Sep 2026, 6:00AM IST
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge.
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Rupee edges up on RBI support, softer oil prices
INDIA MARKET | Fri, 18 Sep 2026, 5:31AM IST
The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields during the trading day. State-run banks actively sold dollars at weaker levels, influencing the currency's movement. The rupee traded within a defined range throughout the session. The dollar index saw an increase from its previous day's closing value.
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INDIA BUSINESS | Fri, 18 Sep 2026, 5:30AM IST
Indian refiners face challenges replacing Russian crude imports due to new US legislation. Many key suppliers are already cut off, complicating the market situation. Saudi and UAE supplies were disrupted, while global inventories are depleted. Finding replacement barrels and vessels presents a significant logistical hurdle. This situation could lead to sharp increases in global oil prices.
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New UPI fee raises broker concerns, Sebi to examine
INDIA MARKET | Fri, 18 Sep 2026, 5:25AM IST
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses.
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2h
Sebi to examine discount brokers concerns over new UPI MDR
INDIA MARKET | Fri, 18 Sep 2026, 5:25AM IST
Sebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting October fifteenth. Brokers are particularly concerned that these additional costs may heavily burden them, as trades are not insured after the transfers are made. Additionally, the complexity of quarterly settlements could further escalate their expenses.
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2h
Tata stocks rise on listing hopes, Chandra's extension
INDIA MARKET | Fri, 18 Sep 2026, 5:20AM IST
Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction.
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Market rides out 'expected' US rate hike, Nifty up 0.2%
INDIA MARKET | Fri, 18 Sep 2026, 5:02AM IST
Indian stock markets wrapped up the day on a slightly positive note on Thursday, digesting the anticipated hike from the US Federal Reserve. The Nifty index gained traction, while the Sensex slipped marginally. As bond yields eased following the 25-basis-point rise and oil prices corrected, domestic institutions buoyed market performance amidst foreign investor sell-offs. This resilience in broader indices suggests a healthy sentiment among investors despite the volatility.
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NSE IPO subscribed 0.43 times on day 1, NII bids highest
INDIA MARKET | Fri, 18 Sep 2026, 4:54AM IST
The National Stock Exchange's large initial public offering saw limited subscription on its first day. Non-institutional investors placed the most bids, while retail and qualified institutional buyers showed less interest. This offer for sale involves existing shareholders selling their stakes, not raising new capital for the exchange. The subscription period remains open until September twenty-first, with shares expected to list soon after.
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2h
Searing Elon Musk Film Nears U.S. Release Amid Overseas Concerns
GLOBAL NEWS | Fri, 18 Sep 2026, 3:10AM IST
Alex Gibneys Musk will arrive in United States theaters next month. Universal says it remains committed to releasing it overseas but has yet to set dates.
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4h
US stocks today: US stocks rebound as tech rally gains momentum on easing oil, yields
INDIA MARKET | Fri, 18 Sep 2026, 1:45AM IST
US stocks rebounded sharply on Thursday, led by technology shares as easing oil prices and lower Treasury yields offered relief after the Federal Reserve raised interest rates. The Nasdaq gained 1.66%, while the S&P 500 rose 1.14% and the Dow added 0.61%, despite lingering inflation and rate hike concerns.
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India's construction equipment exports to surpass 20,000 units in FY27, driven by global demand
INDIA MARKET | Fri, 18 Sep 2026, 12:53AM IST
Indian construction equipment exports are set to surpass twenty thousand units this fiscal year. This growth represents a nineteen percent increase from fiscal year twenty twenty-six projections. Demand is strong from Europe, the United States, and Australia. New emission norms and trade agreements are boosting these international sales. This trend highlights India's growing manufacturing competitiveness on the global stage.
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6h
INDIA BUSINESS | Fri, 18 Sep 2026, 12:47AM IST
Gujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pricing on large industrial risks. This reassessment follows expected flood-related claims exceeding five thousand crore rupees industry-wide. The Gujarat losses increase the case for location-based catastrophe exposure pricing. Global reinsurers' stance will largely determine the extent of this pricing correction.
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6h
Coforge confident of growth outlook, deal pipeline at record: JM Financial
INDIA BUSINESS | Fri, 18 Sep 2026, 12:43AM IST
Coforge expects constant-currency revenue growth of 3-4 per cent sequentially, while its large-deal pipeline is at a record level, according to JM Financial
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6h
RBI rate hike imminent? Fed's move pressures India to tighten monetary policy amid rising inflation
INDIA MARKET | Fri, 18 Sep 2026, 12:41AM IST
Global central banks are tightening monetary policy, prompting calls for India to follow suit. The US Federal Reserve recently increased its interest rates, signaling further tightening ahead. India's retail inflation has reached a 20-month high, strengthening the case for a rate hike. Economists anticipate the Reserve Bank of India will raise its policy rate soon. This move aims to maintain a sufficient yield gap for foreign investments.
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US Treasuries rally as oil cools and confidence in Feds Warsh grows
INDIA MARKET | Fri, 18 Sep 2026, 12:22AM IST
US Treasury yields fell as declining oil prices and renewed confidence in the Federal Reserves inflation fight eased pressure on the bond market. The 10-year yield dropped to 4.95%, snapping an eight-day rise, while investors weighed the possibility of further rate hikes after the Feds latest decision.
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Digital gold may face RBI, Sebi oversight
INDIA NEWS | Fri, 18 Sep 2026, 12:07AM IST
New Delhi: The government has begun discussions on tightening the rules for digital gold, including requiring every unit to be backed by physical bullion and bringing the product under the joint oversight of the central bank and the securities market regulator, people familiar with the matter said.The finance ministry has sought views from regulators, banks and other stakeholders and the broad consensus is that digital gold should be recognised as a security under the Securities Contracts (Regulation) Act, 1956, they said.Also Read: Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin marginsThe Securities and Exchange Board of India in 2025 had warned investors about dealing in digital gold. In its circular, the regulator stated that such products were different from Sebi-regulated gold products, as they were neither notified as securities nor regulated as commodity derivatives. "They operate entirely outside the purview of Sebi," it said.According to industry estimates, the digital gold industry manages around $3 billion of assets. The average ticket size is 100. "There is a consensus among all stakeholders that digital gold has gained acceptance among investors, and currently it is an unregulated segment which should be brought under the supervision of regulatory authorities," said a bank executive, requesting anonymity. "We have submitted our recommendation to the government," he added.Also Read: Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edgeAnother executive said due to lack of regulatory supervision, some fly-by-night operators also infiltrated the segment, which led to concerns over investor protection and even money laundering. "Bringing it under the supervision of both RBI and Sebi will ensure that there is no regulatory arbitrage and also end uncertainty among all legal participants, including investors," he added.The industry is also in favour of some regulatory supervision.134320017"The digital gold and silver ecosystem in India needs some regulatory oversight urgently considering its acceptance with consumers and the numbers of retail consumers who are onboarded with various players," said Samit Guha, managing director of MMTC-PAMP, one of the major players in digital gold. Digital gold platforms this year formed a self-regulatory organisation, the Digital Precious Metals Assurance Council of India, which includes bullion providers like MMTC-PAMP and SafeGold and platforms such as PhonePe, BharatPe, MobiKwik, Gullak, Lenden Club and CRED.Guha said the council is looking to standardise processes and procedures around buying, selling and storing of gold and other related processes to be the best in class so that customer interests are fully protected.
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Crude shock to hit oil companies' margins, but refining gains could save Q2 show
INDIA COMMODITIES | Fri, 18 Sep 2026, 12:04AM IST
Oil breached $100 a barrel this month with Brent crude at around $107 as US-Iran clashes stoked supply fears. Retail fuel marketing margins are expected to turn into a loss of 7.4 per litre for petrol and 10.3 per litre for diesel in September. However, it is unlikely to erase improvement seen during the first two months of the quarter.
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7h
INDIA BUSINESS | Fri, 18 Sep 2026, 12:04AM IST
Restaurants will likely avoid menu price increases this holiday season. Rising input costs and inflation have already impacted the food service sector. However, strong consumer spending and high demand are expected to continue. Businesses are absorbing some cost pressures to maintain customer flow. The industry faces challenges but anticipates a robust revenue quarter.
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7h
INDIA BUSINESS | Thu, 17 Sep 2026, 11:59PM IST
The Union health ministry issued an advisory against unregulated stem cell therapies. Therapeutic use of stem cells for autism is restricted to approved clinical trials. This advisory reiterates the existing framework governing stem cell research and therapy. It aligns with a Supreme Court ruling restricting unproven stem cell treatments. States and union territories must ensure strict compliance with the applicable framework.
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7h
India discusses US Sanctioning Russia and Iran Act implications on bilateral ties and energy markets
INDIA BUSINESS | Thu, 17 Sep 2026, 11:55PM IST
India has discussed the US sanctions act's potential implications with America. The Indian government stated bilateral relations may be adversely impacted by the act. India remains committed to ensuring energy security for its citizens. The government will protect its trade and economic interests diligently. India will work closely with trade bodies to manage these developments.
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7h
'Enabling environment of West Bengal will help business and credit growth'
INDIA BUSINESS | Thu, 17 Sep 2026, 11:54PM IST
SBI's Kolkata Circle sees 18% credit growth as MSMEs, housing, agriculture and infrastructure drive lending demand
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7h
Roads to safety: NHAI to remove stray animals from highways under new MoRTH rules
INDIA BUSINESS | Thu, 17 Sep 2026, 11:50PM IST
New guidelines aim to prevent stray animals on national highways and expressways. This initiative follows a Supreme Court directive to the National Highways Authority of India. National highway agencies will remove animals and transport them to designated shelters. State administrations will establish and maintain these animal shelters and pounds. Round-the-clock surveillance will be conducted on designated highway stretches.
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7h
MDR rollout will be monitored to protect users
INDIA BUSINESS | Thu, 17 Sep 2026, 11:48PM IST
Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
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7h
US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
INDIA MARKET | Thu, 17 Sep 2026, 11:42PM IST
US mortgage rates have climbed close to 7%, putting further pressure on an already sluggish housing market. The average 30-year fixed mortgage rate rose to 6.95%, its highest level since January 2025. Higher borrowing costs are squeezing affordability, delaying purchases and raising concerns about a further slowdown in home sales.
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7h
US sanctions Bill: India says energy security for 1.4 bn people a priority
INDIA MARKET | Thu, 17 Sep 2026, 11:39PM IST
The legislation gives President Donald Trump discretion to impose tariffs of up to 100 per cent on major buyers of Russian energy, including India, but does not trigger them automatically
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INDIA BUSINESS | Thu, 17 Sep 2026, 11:39PM IST
India secured a country-specific tariff-rate quota for steel exports to the European Union. This agreement will safeguard over eighty percent of the nation's steel shipments to the bloc. Indian exporters began utilizing this quota from July first, following new EU regulations. The government is also discussing carbon pricing mechanisms and verification processes with the EU. This move aims to ensure Indian exporters remain competitive within the European market.
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Have not agreed to listing, Tata Sons board to meet again: Tata Trusts
INDIA BUSINESS | Thu, 17 Sep 2026, 11:38PM IST
The Trusts said in a statement that these options will be assessed by the Board on an immediate basis, after which a separate Board meeting will be convened to consider that assessment
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7h
SC to hear plea against Delhi SIR exercise
INDIA NEWS | Thu, 17 Sep 2026, 11:37PM IST
New Delhi: The Supreme Court is set to take up a plea challenging the ongoing special intensive revision (SIR) of electoral rolls in Delhi, with petitioners questioning, among other aspects, the use of 'logical discrepancies' as a ground for issuing notices to voters.The petitioners have contended that 'logical discrepancies' have not been clearly defined, leaving electoral authorities with wide and potentially arbitrary discretion to flag voters for verification.They have argued that the absence of objective and ascertainable criteria could cause eligible voters to be subjected to scrutiny without being adequately informed of the precise grounds for such action.
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