Heena Ojha

The Smallcap index plunged 7.4 per cent over the past week and is down over 10 per cent from its 52-week high of 20,187.80.

Silver and Gold prices dipped in the last two sessions, with yellow metal dipping 2 per cent and silver down 1 per cent intraday on Friday.

HDFC Silver ETF was down 2.7 per cent, Tata Silver ETF, SBI Silver ETF, Kotak Silver ETF, UTI Silver ETF, Axis Silver ETF, Mirae Asset Silver ETF, and DSP Silver ETF were down over 2 per cent.

The net profit of Eternal for the second quarter of financial year 2026-27 (Q2FY27) rose 92 per cent year-on-year (Y-o-Y) to ₹125 crore, compared to ₹65 crore in Q2FY26.

Kotak Institutional Equities expects Eternal's revenue to rise 17.4 per cent quarter-on-quarter to ₹23,729.3 crore in Q2FY27.

Urban Company's consolidated net loss widened to ₹182.48 crore in the July-September quarter of FY27. The company had posted a net loss of ₹59.33 crore in the year-ago period.

ICICI Bank reported a 20.1 per cent year-on-year rise in standalone net profit to ₹14,843 crore in the July-September quarter of FY27.

The bank is slated to post its September quarter earnings this Saturday (October 17) along with several other leading private banking names.

Fresh lump-sum investments, new SIP registrations and SIP step-ups in these FoFs have been suspended, while existing SIPs will continue as usual.

Wipro's net profit fell 1.4 per cent year-on-year to ₹3,201 crore in the second quarter of financial year 2027.

The dispute stems from the RBI-led reconstruction plan for Yes Bank in March 2020, under which AT1 bonds worth more than ₹8,300 crore were written down.

Market experts attribute the rally to a combination of earnings resilience, value buying after a prolonged correction, and a possible rotation of funds away from AI-linked technology stocks.

HDB Financial Services reported a 34.2 per cent surge in profit after tax to ₹780 crore in the September quarter of FY27.

Consumption recovery has been gradually strengthening and, while the market has started pricing in an improvement, the outlook remains dependent on the durability of demand

The monsoon shortfall raises concerns over farm incomes, and price increases by manufacturers add to the cost of vehicle ownership

Overall, analysts expect Wipro to post nearly 8 per cent year-on-year (YoY) rise in revenue during the quarter under review, along with single-digit growth in earnings before interest and taxes.

Tata Elxsi reported a 10 per cent year-on-year rise in net profit for the September quarter. The company's net profit for the quarter ended September stood at ₹170 crore.

Smaller IPOs delivered stronger returns than larger issues in the six months, while retail money increasingly flowed into small- and mid-cap funds

HCLTech reported a 21.2 per cent rise in net profit at ₹5,132 crore in the second quarter of financial year 2027, up from ₹4,235 crore in the corresponding quarter last year.

He expects markets to go through a consolidation phase before a sustained recovery, advising investors to deploy money gradually over the next two to three quarters.