Recent market behavior shows fragility despite low overall volatility, with the VIX surging on minor S&P 500 drops. This extreme reaction, exceeding past events, was amplified by option market makers covering short positions and hedging. The pattern of calm punctuated by sharp swings highlights market dynamics influenced by ETP growth.

Overseas fund managers are exhibiting their most bullish sentiment towards Indian equities since July, significantly reducing bearish wagers in Nifty futures. This shift follows a recent market bounce, bringing indices close to all-time highs. Foreign portfolio investors have also turned net buyers in October after substantial September sales, potentially fueling further gains.

Adani Group companies are actively raising substantial funds through long-term corporate bonds. Mutual funds, insurers, and banks are investing heavily in these issuances. The group has tapped the domestic bond market multiple times, offering maturities of up to 19 years. These bonds are attractive to institutions seeking long-term, high-rated instruments.

Signs of a nearing US-China trade deal sparked a broad market rally, boosting stocks, oil, and copper, while Treasuries and gold declined. Investors are anticipating a potential accord, with top negotiators reporting progress on contentious issues. This development is seen as a short-term risk-on cue, though sustainability hinges on fundamental backing.

Over 300 companies, including major names like Adani, ITC, Larsen & Toubro, and Swiggy, are set to announce Q2 FY26 results this week. Earnings from sectors spanning energy, banking, consumer goods, and manufacturing will provide insights into corporate performance amid volatile commodity prices, shifting consumer demand, and changing monetary conditions. Investors will watch for trends in profitability and market sentiment.

The National Pension System (NPS) is undergoing a silent revolution. With the Multiple Scheme Framework now allowing 100% equity allocation, lower fees, and proposed exit flexibility, investors have unprecedented control over retirement planning. Over 9 crore Indians are already part of the system, which offers tax benefits, low costs, and long-term wealth-building potential—making NPS a powerful alternative to traditional retirement products.

Goldman Sachs turned bullish on India’s defence sector after DAC cleared Rs 790 billion in new projects, naming PTC Industries, Bharat Electronics, and Solar Industries as top picks. The brokerage sees up to 46% upside, citing strong order visibility and expanding opportunities in naval and missile systems.

Radhakishan Damani, India’s low-profile billionaire and “Retail King,” appears to have exited his decade-old stake in Tata Group’s retail arm, Trent. His holding, once 2.74% in 2010, has fallen below 1% in the September 2025 quarter. Damani’s exit follows years of stellar business and stock performance, sparking fresh speculation on Dalal Street about the rationale behind the move.

According to Axis Securities, the index is expected to trade between 25,500–26,300 with a positive bias this week.