Financial Summary: Monday, October 12, 2026

Trump Declares Russia-Ukraine Energy Ceasefire as Oil Prices Slide

President Trump declared an 'energy ceasefire' between Russia and Ukraine, amid a sharp decline in oil prices. Crude oil futures on Brent and WTI traded lower, following hopes the truce will boost supplies, though doubts remain over Russia's ability to deliver promised diesel volumes.

FIIs dump ₹1,708 crore as Sensex sinks 548 points

Foreign institutional investors sold ₹1,708 crore worth of Indian equities, contributing to a 548-point drop in the Sensex, while domestic institutional investors bought ₹3,045 crore to mitigate the decline.

Equity mutual fund inflows jump 31% to ₹38,306 crore in September

Equity mutual funds recorded a 31% increase in inflows to ₹38,306 crore in September, with monthly systematic investment plan contributions reaching an all-time high of ₹32,490 crore.

RBI Measures Lift Rupee 97 Paise to 95.76 Against Dollar

The rupee rose 97 paise to 95.76 against the dollar following the RBI's forex measures, which included stricter rules and a special oil window for marketing companies, and is projected to strengthen further.

HCLTech Q2 Profit Jumps 21% to ₹5,132 Crore, Declares ₹12 Dividend

HCLTech reported a 21.1% year-on-year increase in Q2 FY27 net profit to ₹5,132 crore, driven by AI-related demand, and declared an interim dividend of ₹12 per share. Revenue rose 11.5% to ₹35,620 crore.

Zetwerk Sets ₹143-151 Price Band for ₹5,012 Crore IPO

Zetwerk Manufacturing has fixed a price band of ₹143-151 per share for its ₹5,012 crore IPO, with backing from Peak XV and Accel. The company is seeking a valuation of about $2.6 billion in the offering.

ICICI Prudential AMC Q2 profit climbs 6% to ₹889 crore, declares ₹30 dividend

ICICI Prudential Asset Management Company reported a 6% year-on-year rise in net profit to ₹889 crore for the September quarter, driven by higher assets under management. The board declared a dividend of ₹30 per share, which the company described as a record payout. The results and dividend announcement were covered across multiple financial outlets within hours of release.

RBI's 99% CRR hike pressures bank stocks, bond yields; Jefferies warns of margin dilution

The RBI's decision to raise the daily CRR maintenance requirement to 99% has triggered a sell-off in bank stocks, with the Nifty Bank index under pressure. Jefferies warns that the move could lead to a small dilution in banks' interest margins, while mutual funds are set to sell more government bonds following the effective rate hike. Bond yields are also feeling the heat, though a rallying rupee may limit losses.

SEBI Notifies Common Ad Code, Opens Door to Celebrity Endorsements

SEBI has notified a common advertising code governing all market intermediaries, and for the first time will permit celebrity endorsements for brands. In a related move, the regulator is nudging brokerage firms to join its return verification platform. The three developments signal a broader push to standardize marketing conduct while tightening oversight of broker-reported returns.

L&T's Govindan forecasts rupee rebound to ₹94 as RBI curbs bite

L&T's R Govindan expects the rupee to recover to ₹94 and stabilise in the ₹93–94.50 range, citing the RBI's latest defence measures. Banks, meanwhile, are seeking relief and clarity from the central bank on those same curbs, signalling friction over how the rupee-defence package will work in practice.