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SBICARD: Launches Co-Branded ‘ETERNAL SBI Card’ with Eternal

SBICARD: Launches Co-Branded ‘ETERNAL SBI Card’ with Eternal

Closing Bell: Sensex Rallies 1,100 Points, Nifty Tops 22,700

Closing Bell: Sensex Rallies 1,100 Points, Nifty Tops 22,700 as IT Stocks Drive Recovery Indian stock markets witnessed a strong rebound on October 13, with benchmark indices finishing the session on a bullish note. The Nifty 50 moved above the 22,700 mark, while the Sensex gained over 1,100 points amid robust buying interest, particularly across information technology stocks. At the closing bell, the Sensex jumped 1,109.10 points (1.54%) to 73,033.78, while the Nifty 50 gained 358.60 points (1.60%) to settle at 22,721.95. Market breadth favoured advances, with 2,303 stocks rising, 1,711 declining and 162 remaining unchanged. Top Nifty Gainers: HCLTECH,

Closing Bell: Sensex Surges Over 1,100 Points, Nifty Reclaim

Closing Bell: Sensex Surges Over 1,100 Points, Nifty Reclaims 22,700; IT Stocks Lead Rally Indian equity markets staged a strong recovery on October 13, ending the session firmly in positive territory. The Nifty 50 closed above 22,700, while the Sensex rallied more than 1,100 points, supported by broad-based buying and a sharp rebound in IT stocks. At the close, the Sensex advanced 1,109.10 points (1.54%) to 73,033.78, while the Nifty 50 climbed 358.60 points (1.60%) to 22,721.95. Market breadth remained positive, with 2,303 shares advancing, 1,711 declining and 162 ending unchanged. Top Nifty Gainers:

Google-Redseer Quick Commerce Outlook FY31

According to a joint report by Google and Redseer Strategy Consultants, India’s quick commerce market is projected to expand nearly sevenfold, reaching ₹8.54 lakh crore ($90 billion) by FY31, up from roughly ₹1.15 lakh crore ($13 billion) in FY26. This rapid acceleration will be powered by deeper penetration across metro households and rising adoption in non-metro regions, with national monthly transacting users expected to surpass 100 million. Metros are projected to drive around 60% of incremental growth, with quick commerce's share of metro retail spending potentially climbing from 6% to between 20% and 23%. In the immediate term, festive season sales are anticipated to surge 110% year-on-year, capturing approximately 18% of total online festive expenditure as platforms successfully transition from small top-up grocery orders to larger, planned household purchases. Beyond daily groceries, non-grocery segments—including beauty, personal care, home essentials, and consumer electronics—are forecast to scale dramatically from ₹26,511 crore ($3 billion) in FY26 to between ₹1.99 lakh crore and ₹2.56 lakh crore ($21–27 billion) by FY31, backed by wider product assortments, authenticity assurances, and enhanced digital discovery. Outside major urban centers, the addressable market encompasses roughly 200 million online shoppers across more than 300 cities, though platforms must overcome smaller basket sizes, freshness concerns, and purchase trust hurdles. Unlocking this broader demographic will require operators to adapt to regional consumer preferences, build robust trust markers, and tightly integrate online product discovery with ultra-fast local fulfillment.

Sensex Outlook for 12-Oct-2026 Looks Range Bound

Sensex closed at 72,472.33, gaining 879.09 points (+1.23%) on Friday. This rally successfully snapped an nine-week losing streak. The longest run of weekly declines for Indian markets. The Daily MACD Histogram is below zero and Hourly MACD Histogram above zero indicating a tug of war between buyers and sellers. The Daily RSI 14 is below 40 levels and Hourly RSI 14 has crossed and closed above 50 levels. Even this indicates and tug of war between buyers and sellers. Thus the overall trend of Sensex looks to be in a range, and thus the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Sensex. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Sensex Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Sensex Spot Resistance 1 - 72925 Resistance 2 - 73060 Support 1 - 72165 Support 2 - 72070 Happy Learning, Happy Trading and have a wonderful day Top Gainers : ITC, TCS, ADANIPORTS. Top Losers : RELIANCE, INDUSIND, ETERNAL.

Nykaa sees GST-led boost in consumer demand

Nykaa could benefit as GST cuts reach more discretionary categories, with Elara Capital expecting stronger Q3FY27 growth across apparel, footwear and food. Elara Capital’s Karan Taurani expects the October-December 2026 quarter to improve from Q2FY27 as festive demand and delayed GST benefits reach smaller consumption categories. For FSN E-Commerce Ventures Limited (NYKAA), the key positive is the shift towards online shopping and platform-led consumption. Taurani remains positive on Nykaa and Eternal, while also favouring Trent Limited (TRENT) and United Spirits Limited (UNITEDSPIRITS). However, the earnings benefit may not fully match the demand improvement. Apparel companies are facing 15-20% higher fabric costs, while pricing power remains limited in fast fashion. My view is that GST-led demand recovery is positive for discretionary stocks, but stock performance will depend on how much of the demand converts into margins. Nykaa has a stronger structural case if online consumption continues to gain share, while Trent needs raw material inflation to cool before margins improve. United Spirits has an additional tailwind from premiumisation and lower glass-cost exposure compared with beer. I would watch Q3FY27 revenue growth, gross margins and festive-season demand closely. A clear improvement in margins alongside stronger sales would support a more constructive view. Until then, I prefer a selective approach rather than chasing the entire consumption basket. Call: Positive on Nykaa, Trent and United Spirits, with Q3FY27 margins as the key trigger.