Financial Summary: Sunday, November 1, 2026

FPIs pull ₹34,843 crore from Indian equities in October

Foreign portfolio investors withdrew ₹34,843 crore from Indian equities in October, marking the second consecutive month of heavy outflows, before turning net buyers of about ₹6,300 crore during October 26-30. Cumulative FPI outflows for 2026 reached ₹2.95 lakh crore.

SBI Research sees 10-year G-sec yield easing to 6.75-7% by March 2027

SBI Research forecasts India's 10-year government bond yield will ease to 6.75-7% by March 2027, despite a possible 50-basis-point repo rate hike to 6%, citing proactive government debt management and historical yield patterns.

Sensex closes up 308 points as Nifty stalls at 23,200 resistance

The Sensex gained 308 points to close at 74,460, while the Nifty 50 reached its highest level in two weeks at 23,053, amid a fall of 0.93% in the Nifty Midcap 100 and 1.85% in the Nifty Smallcap 100. The Nifty Smallcap 250 fell 5% to 16,764, with NSE accounting for 97.94% of the Multi-Asset Trading Facility book size, amid rising interest rates that could pose challenges for small-cap companies.

Coal India October Output Jumps 19.3% to 67.2 Million Tonnes

Coal India Ltd reported a 19.3% year-on-year growth in October production, with off-take rising 18.7% to 70.3 million tonnes. Regional subsidiaries, particularly Western Coalfields and Mahanadi Coalfields, contributed to the increase.

Muthoot Finance Q2 PAT rises 27% to ₹2,977 crore as gold loans surge

Muthoot Finance reported a 27% rise in profit after tax to ₹2,977 crore for Q2 FY27, driven by a 68.5% year-on-year growth in gold loans, which increased loan AUM by ₹15,658 crore to ₹1,87,810 crore in H1 FY27. The growth reflects rising gold prices and a shift towards investment demand.

IOC, BPCL, HPCL swing to ₹30,106 crore Q2 profit

The Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation swung to a combined profit of ₹30,106 crore in Q2 FY27, up 68.3% from a loss of ₹18,150 crore in Q2 FY26, driven by high refining margins and inventory gains.

GST mop-up climbs 23% to ₹2.31 lakh crore in October

Gross GST collections surged 23% year-on-year to ₹2.31 lakh crore in October, with import-related IGST receipts growing 42.2% to ₹72,246 crore. Net GST revenue rose 26% to ₹2.03 lakh crore.

Fairfax's $5.6 billion IDBI deal lifts October PE-VC to $8 billion

PE-VC investments in October reached $8 billion, the highest since October 2017, driven by Fairfax Financial Holdings' $5.6 billion stake in IDBI Bank, the largest such investment in India since 2020. Other significant deals included KKR's $632 million in Gentari and Brookfield's $450 million acquisition of ESR India's portfolio.

FBI Ties North Korea's TraderTraitor to $6.3 Billion Binance Theft

Binance, the world's largest cryptocurrency exchange, reported a $6.3 billion cyber theft attributed to North Korea's TraderTraitor group. Despite a $3.6 billion net outflow of funds following the incident, the exchange has restored customer withdrawals and maintained its market leadership.