News Nook: Oct 7, 2026

Indian Sector Specific News:

A) BFSI:

1) Govt Pushes Banks to Improve Jansuraksha Insurance Awareness

Banks have been directed to clearly explain claim eligibility under PMJJBY and PMSBY so nominees can receive benefits after a beneficiary’s death.
New PMJJBY/PMSBY beneficiaries will be enrolled through the Jan Suraksha portal, which will be integrated with banks and insurers to improve data and claim processing.
Banks were also urged to expand digital lending, improve financial inclusion and increase private-bank participation in government schemes.
Source: PIB

2) Govt Approves ₹10,000 Crore SME Growth Fund

The government approved a ₹10,000 crore fund to provide long-term equity capital to high-potential small and medium enterprises.
A major share will support manufacturing SMEs, including those in Tier-II and Tier-III industrial clusters, helping them expand, adopt technology and increase exports.
The fund aims to help promising SMEs scale up, become globally competitive and emerge as future industry champions.
Source: Press Information Bureau

3) Services Activity Hits 3-Month High in September

India’s services PMI rose to 55.2 in September from 54.1 in August, driven by stronger domestic demand and new orders.
Manufacturing PMI also improved to a 7-month high of 55.1, lifting the composite PMI to 55.9.
Despite continued expansion, quarterly services growth was the weakest since Q4 FY22, while export-order growth slowed.
Source: IBEF

4) India’s Data Centre Capacity Set to Reach 2 GW by 2026

India is expected to add over 200 MW of data centre capacity in H2 2026, taking total capacity to around 2 GW by year-end.
Growth is being driven by AI, cloud services and digital demand, with Mumbai remaining the biggest data centre hub.
Source: IBEF

5) SEBI Puts ₹10,000 Crore Inox Clean Energy IPO on Hold

SEBI has kept Inox Clean Energy’s ₹10,000 crore IPO in abeyance amid ongoing investigations into INOXGFL group companies.
The scrutiny includes certain transactions, valuation differences and disclosures involving Inox Green and Inox Wind, while the promoter has also faced a separate SEBI summons.
Source: Moneycontrol

6) SEBI-Jane Street Dispute: Regulator Calls Document Demand a Delay Tactic

SEBI opposed Jane Street’s request for additional trading records, calling it a delaying tactic in the market-manipulation case.
SEBI argued that Jane Street should explain its trading strategy and respond to the allegations instead of questioning the regulator’s investigation.
Source: Mint

B) Automobile

1) India Auto Retail Sales Hit Record in September

India sold a record 25.37 lakh vehicles in September 2026, up 31.8% YoY, driven by strong festive demand.
Two-wheelers and passenger vehicles saw strong growth, while commercial vehicle sales crossed 1 lakh for the first time in September; tractors declined from August.
Source: Autopunditz

2) Car Dealers Hold Double the Recommended Inventory

Passenger vehicle dealers are holding 43–45 days of inventory, more than double FADA’s recommended 21 days, ahead of the festive season.
Strong festive demand is expected in October, but rising car prices could hurt affordability and future sales growth.
Source: The New Indian Express

C) Pharma:

1) Indian Pharma Shifts Towards Specialty Drug Delivery

Indian pharma companies are developing advanced drug-delivery methods like nasal sprays and injectables to make treatments more effective and convenient for patients.
Growing demand for complex medicines is increasing the importance of specialised CDMOs, strong quality systems and a reliable domestic API supply chain.
Source: Pharmabiz

2) GST Council May Ease Taxes for Pharma and Insurance

The GST Council is likely to allow input tax credit on group insurance and provide relief on rare-disease medicines and pharma services.
Pharma companies doing processing work for foreign clients may get export treatment, reducing GST from 18% to nil and allowing refunds on eligible inputs.
Source: Moneycontrol

D) FMCG:

1) FMCG Companies Expect Double-Digit Q2 Growth

FMCG companies expect strong double-digit revenue growth in Q2 FY27, supported by resilient demand, rural consumption and festive buying.
Rising costs of palm oil, crude-linked materials and other inputs may pressure margins, but price hikes and cost savings could provide some relief.
Source: Daily Excelsior/PTI

E) Agricuture:

1) Ashok Gulati Highlights Transformation of Indian Agriculture

Agricultural economist Ashok Gulati highlighted how better irrigation, electricity, roads, technology and market access have improved farm productivity and incomes.
The approach has expanded nationally through direct farmer support, crop diversification and stronger rural infrastructure.
Source: News On AIR

F) Energy:

1) Oil & Gas Q2 Results Preview

Higher crude and LNG volumes are expected to partly offset lower crude realisations for upstream companies.
Overall, upstream companies look stronger, while OMC earnings remain mixed despite sequential improvement.
Source: ETEnergyWorld

G) IT:

1) BNP Paribas Sees Weak IT Earnings

Large-cap IT companies may report below 1% organic growth in Q2 as demand remains weak and the usual seasonal recovery has not come.
Infosys and HCLTech may cut their FY27 growth guidance, while Tech Mahindra is expected to perform better than peers.
Source: CNBC-TV18

Indian Economy and Government Initiatives:

VB-G RAM G has increased permissible works from 266 under MGNREGA to 375, adding 38 categories focused on extreme-weather resilience and disaster preparedness. In September 2026, 15.64 million households sought work under the new scheme, 34% higher than a year earlier.

Indian Stock Market Update:

Sensex fell 429 points to 72,639, while Nifty declined 173 points to 22,603 after the RBI raised rates by 25 bps.
Markets turned cautious as the hawkish RBI stance, rising crude prices and inflation concerns increased fears of weaker growth.
Auto, metal and realty stocks fell 1–2%, while Nifty’s near-term support is seen at 22,400–22,200.