After a rocky start, the S&P 500 experienced a resurgence, largely spurred by investments in the healthcare and consumer segments. Investors seemed to distance themselves from technology stocks, anxious about mounting debts in the AI sector. Eli Lilly and UnitedHealth rose thanks to favorable evaluations from Deutsche Bank, whereas Broadcom and Nvidia struggled.
A selloff in risky AI-linked stocks eased as buyers returned to technology amid falling bond yields. CoreWeave experienced significant stock declines and bond yield concerns raised worries about rising financing costs. Major AI laboratories like Anthropic and OpenAI reflected slowing growth, contributing to overall investor nervousness. Stock movements varied among leading companies as interest rates influenced market dynamics.
Nasdaq is currently experiencing a network disruption at its Carteret facility, affecting US equities markets. A technical issue has caused data gaps within several multicast groups. Clients are urged to transition to backup feeds from Chicago to avoid impacts. Those facing data gaps should file recovery requests for missing information. Nasdaq is actively investigating the problem and has issued an apology for the inconvenience caused.
Analysts are doubtful about the S&P 500 crossing the 8,000 points mark despite strong earnings expectations. The rise in oil prices and bond yields has increased market uncertainty ahead of midterm elections. Major technology companies have reported mixed outcomes indicating potential risks for equity investments. Analysts suggest a growing divide in market performance among large and small companies.
Sebi Chairman Tuhin Kanta Pandey announced efforts to include insurance information in the Consolidated Account Statement. The initiative aims to provide investors with a comprehensive financial overview of their investments. Additionally, RBI's support for integrating bank deposits into the framework is also underway. A comprehensive review of existing regulations is being conducted to improve transparency and ease compliance for businesses.
IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to stronger operating leverage and reduced loan losses during the period. The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.
L&T Finance reported a 33% increase in consolidated net profit for the quarter ending September 30, 2026. The company's consolidated loan book rose 28% year-on-year to reach Rs 1.36 lakh crore. Net interest margin improved to 10.48%, while total income increased by 26% to Rs 5,484 crore. Asset quality also showed improvement, with gross non-performing loans declining to 2.7%.
Sebi has announced changes to the closing auction session for the equity cash market, which will begin in December 2026. The revised session will run from 3.30 pm to 3.40 pm, with specific phases for order entry. Moreover, the methodology for calculating settlement prices for derivatives contracts has been updated. Unexecuted orders will transition under new rules while maintaining time priority differences.
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