Indian equity benchmarks opened nearly flat on 14 October as Asian technology gains were offset by weak Wall Street cues, firm crude prices and fresh tension around the Strait of Hormuz.hdfcsky
Indian markets had gained about 1.6% in the previous session, with IT stocks leading the rise after HCLTech’s better-than-expected quarterly results.hdfcsky
Foreign portfolio investors sold Indian shares for a 13th straight session, with provisional net sales of Rs 1,305 crore. October outflows had already reached about USD 4.9 billion by the earlier session.hdfcsky+1
India’s September retail inflation rose to 5.54%, nearing the Reserve Bank of India’s 6% upper tolerance limit and keeping rate expectations cautious.hdfcsky
The Reserve Bank of India tightened rules on rupee non-deliverable derivative contracts to support the rupee amid external pressures.hdfcsky
Speculation of a possible Securities Transaction Tax cut lifted Indian stocks, bonds and the rupee, following a non-committal remark from the Finance Minister.bloomberg
Indian IT shares had their best day in 17 months in the previous session, as investors looked for value after the global AI-led sell-off.bloomberg
Elevated crude prices remain a major risk for India because they can widen the import bill, weaken the rupee and add to domestic inflation.hdfcsky
Iran’s reported strategy of targeting shipping around the Strait of Hormuz kept oil-market risk elevated and influenced global investor sentiment.hdfcsky
Global bonds edged higher but remained set for their worst month in years because of rising inflation, heavy debt issuance and weak government finances.reuters
New York Fed President John Williams reduced expectations of an immediate October US rate hike, saying there was no urgency for another move.reuters
Hyderabad gold prices declined on 14 October, with both 22-karat and 24-karat rates reported lower.indtoday
The proposed UPI Merchant Discount Rate on person-to-merchant payments above Rs 2,000 will not take effect before Diwali 2026, with a revised date to be announced separately.indianexpress
NMDC sold 150 RINL plots in Visakhapatnam for Rs 366.33 crore, a notable transaction for Andhra Pradesh’s industrial-asset market.telanganatoday
Governance concerns around the Tata group surfaced after a senior trustee reportedly sought a regulatory investigation into alleged internal lapses.