Market Bizzz

The company last week declared the interim dividend, along with the Q2 results that kickstarted the September quarter earnings season for the IT sector. The latest dividend comes after TCS paid an interim dividend of Rs 12 per share to its shareholders in July.

The Rs 712.31-crore HD Fire Protect IPO is entirely an offer for sale (OFS) of 2.63 crore equity shares. As the issue comprises only an OFS, the company will not receive any proceeds from the offering. Instead, the entire amount raised will go to the selling shareholders.

The Rs 35 crore public issue was priced at Rs 82 per share at the upper end of the price band. It comprised a fresh issue of 42.67 lakh shares, with no offer-for-sale (OFS) component.

Sebi chairman Tuhin Kanta Pandey said the regulator expects to issue guidelines on the settlement-price mechanism for derivatives on expiry days within a week. The move follows a review of the Closing Auction Session. Sebi is also working on simpler regulations, easier market access, lower compliance costs and stronger technological resilience.

From January to September, leasing of industrial and warehousing spaces surged across major cities in India, propelled by demand from sectors like light manufacturing, e-commerce, and third-party logistics. Tier-I cities alone accounted for 47.2 million sq ft of leasing. Additionally, fresh supply increased to 68.9 million sq ft, signaling promising market trends as consumption patterns shift and supply chains are being optimized.

BPTP Ltd has achieved a remarkable feat by selling 150 luxury apartments in Faridabad, translating to a total revenue of Rs 150 crore. Their housing development, dubbed ‘SkyNest’, has accumulated around Rs 750 crore in sales thus far, with each flat averaging Rs 5 crore. As a prominent player in the real estate market, BPTP has developed over 25,000 residences over the past twenty years.

Wall Street finished strong on Friday, fueled by optimism ahead of the third-quarter earnings reports from major players like Wells Fargo and Goldman Sachs. Analysts predict a notable growth in S&P 500 earnings year-over-year, even as worries about consumer sentiment loom. Oil prices dipped initially due to conflicting US-Iran news but later recovered. Moreover, significant companies such as Delta Air Lines and Apple reported hurdles impacting their respective stock performances.

In the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals. Deutsche Bank also returned to bullion trading, earning more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metals trading by the end of the year.

The ongoing US stock bull market is nearing its fourth anniversary with strong corporate earnings and low volatility. Investor concerns are rising due to the disparity between benchmark indices and the performance of individual stocks. The reliance on artificial intelligence for growth makes the market susceptible to volatility if sentiment shifts. Upcoming third-quarter earnings and midterm elections could introduce additional uncertainties for investors.

Brent crude fell 1% to $103, while West Tax Intermediate was down 0.75% to $90.5. In the previous session, Brent crude futures settled $4.08, or 4.1%, higher at $104.28 a barrel, while US West Texas Intermediate crude gained $3.21, or 3.6%, to close at $91.49. Both contracts rose more than $5 a barrel at one point, with Brent hitting its highest level since September 29.