Overview
- Indices advanced for a second session with risk appetite lifted by upbeat Q2 business updates, festival‑season demand cues and stronger global sentiment.
- Excel Realty N Infra disclosed board approvals to lift authorised share capital to ₹2,500 crore and to pursue a QIP of up to ₹2,500 crore.
- Vodafone Idea jumped about 9% on investor hopes for progress on AGR dues, with the next Supreme Court hearing set for October 13 and the UK prime minister’s India visit this week.
- Broker research set near‑term expectations: JM Financial flagged modest sequential gains for telecom and reiterated selective oil and gas ‘Buy’ calls, while Choice Institutional Equities kept a positive IT outlook; Nomura updated targets after bank business updates.
- Listing and flows stayed mixed as logistics firm Glotis debuted roughly 35% below issue price, while ICICI Prudential’s Conglomerate Fund NFO remained open for subscriptions through October 17.