Gold, Silver Imports Fall, AT-1 Bonds & Yes Bank, CAS Framework & More
- PhonePe Invest
- 10 min read
- 16 Oct 2026
Nifty 50 and Sensex ended higher for the second consecutive week, posting their biggest weekly gains since the first week of April 2026, led by a sharp rally in IT stocks. The Nifty IT index surged 11.5% for the week, marking its biggest weekly gain in nearly 18 years.
Key Indices
Today’s Top News
UJJIVANSFBUjjivan Small Finance Bank reported a nearly threefold jump in net profit for the September quarter to ₹365 crore compared with ₹122 crore in the corresponding period a year ago. Net Interest Income (NII) increased 35.4% year on year to ₹1,248.4 crore from ₹921.7 crore.
CROMPTONCrompton Greaves Consumer Electricals reported a 68% year-on-year jump in net profit for the September quarter, as the company delivered double-digit revenue growth across all segments. Net profit rose to ₹119.3 crore from ₹71 crore a year earlier. Revenue increased 18.1% to ₹2,263.2 crore from ₹1,916 crore.
LEMONTREEReal estate developer Omaxe Ltd has partnered with Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, to develop and operate 10 hotel projects across India with a combined capacity of 4,000 rooms. The projects involve an estimated investment of ₹4,000 crore and form part of Omaxe’s ₹6,200 crore hospitality expansion announced in June 2026.
KARURVYSYAThe banking company hit its 52-week high, a day after reporting a 40.91% year-on-year (YoY) rise in its net profit to ₹1,543 crore in Q2FY27. Its deposits increased by 15.96% YoY, while advances jumped 20.35%. Its Net Interest Margin increased by 28 bps to 4.34%.
ATHERENERGThe two-wheeler maker’s wholly owned insurance arm Ather Insurance has received regulatory approvals to distribute life, general and health insurance products. The company said that his would help it diversify revenue streams by leveraging its existing customer base.
Broader Market Performance
INDIA VIXTop Performing Sectors
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | +3.92%+1204.30 | 31924.10 |
 Nifty MediaNIFTY MEDIA | +1.92%+31.05 | 1648.25 |
 Nifty MetalNIFTY METAL | +0.95%+114.70 | 12133.20 |
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers & Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 15 Oct 2026 | -5,285.37 | 3,319.39 |
| 14 Oct 2026 | -1,857.44 | 2,670.44 |
| 13 Oct 2026 | -1,305.13 | 2,439.24 |
| 12 Oct 2026 | -1,708.48 | 3,045.02 |
| 09 Oct 2026 | -3,568.90 | 4,743.26 |
| Month-to-Date | -49,934.93 | 51,829.41 |
Macro View
CAS Framework
Effective December 7, 2026, Securities and Exchange Board of India (SEBI) has revised the Closing Auction Session (CAS) framework. The 10-minute closing auction session will operate from 3:30 to 3:40 PM on all trading days. Trading in index and stock derivatives will continue until 3:45 PM, with certain exceptions for expiring index derivatives contracts. The settlement of expiring derivatives contracts will now be based on a Volume Weighted Average Price (VWAP) methodology using the last 30 minutes of continuous trading.
Gold, Silver Imports Fall
According to the Commerce Ministry’s monthly trade data released on October 15, 2026, India’s gold imports fell 81.27% year-on-year to $1.8 billion in September, declining for the second consecutive month. Silver imports also contracted for the second consecutive month, falling 49.11% year-on-year to $665.08 million to $665.08 million.
Special Additional Excise Duty on Diesel, Petrol
The Indian government has reduced the special additional excise duty on diesel to ₹8.5 per litre from ₹16, while raising the levy on petrol to ₹2.5 per litre from ₹0.5. The revised rates take effect on October 16, per a Finance Ministry notification.
AT-1 Bonds and Yes Bank
The Supreme Court set aside Yes Bank’s ₹8,415 crore AT-1 bond write-off from March 2020. AT-1 bonds are perpetual, high-risk regulatory capital instruments designed to absorb losses or convert to equity during distress, ranking below depositors. The bank must now assess the implications for its earnings, capital and coupon payments.
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Price Band | Minimum Investment |
| Fusion CX Ltd. | 14 Oct to 16 Oct, 2026 | ₹702 Cr | ₹275 to ₹289 | ₹14,025 |
| Sahajanand Medical Technologies Ltd. | 15 Oct to 19 Oct, 2026 | ₹475 Cr | ₹327 to ₹344 | ₹14,061 |
| Bonfiglioli Transmissions Ltd. | 15 Oct to 19 Oct, 2026 | ₹2,534 Cr | ₹558 to ₹586 | ₹13,950 |
| Zetwerk Manufacturing Business Ltd. | 15 Oct to 19 Oct, 2026 | ₹5,012 Cr | ₹143 to ₹151 | ₹14,157 |
| Tonbo Imaging India Ltd. | 15 Oct to 19 Oct, 2026 | ₹852 Cr | ₹665 to ₹700 | ₹13,965 |
| Paras Healthcare Ltd. | 21 Oct to 23 Oct, 2026 | ₹1,450 Cr | ₹660 to ₹693 | ₹13,860 |
| Jio Platforms Ltd. | 21 Oct to 23 Oct, 2026 | ₹30,213 Cr | ₹1065 to ₹1119 | ₹12,780 |
Why 90% of Traders Draw Support & Resistance Completely Wrong
Growth vs Value Investing
Should you invest in fast-growing companies or buy quality stocks that the market has overlooked? This is one of the most common questions equity investors face.
Growth and value investing are two widely followed investment styles, each built on a different philosophy. Growth investors look for companies capable of delivering strong earnings expansion, while value investors focus on businesses trading below their intrinsic worth with the expectation that the market will eventually recognise their true value.
Neither approach is inherently superior. Know More
