Crude oil prices near $107 a barrel, rising geopolitical tensions and India’s retail inflation hitting a 23-month high could weigh on market sentiment…
US Markets | US markets were mixed, with the Dow Jones Industrial Average trading 114 points higher, up around 0.2%, while the Nasdaq Composite fell 0.2%. The broader market index was trading near the flatline.
Crude oil | Crude oil prices rose Monday after a deadly attack on Saudi Arabia’s airport in Riyadh, while Ukraine said Russia continued to attack its energy facilities. Brent crude futures, the international benchmark, were up 2% to $106.81 a barrel by 8:45 a.m. ET. U.S. West Texas Intermediate futures traded 2.1% higher to $93.73.
US-Iran war | Saudi Arabia said it was facing a new barrage of incoming fire on Monday and that Riyadh airport would remain shut for now, days after Saturday’s deadly missile strike on a departure terminal that was claimed by Yemen’s Iran-allied Houthis. Incoming drones and missiles were reported by the Saudi-led coalition backing government forces in Yemen, though there was no immediate news of whether they were intercepted.
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US Existing Home Sales | The US existing home sales data for September 2026 is scheduled to be released on Tuesday at 7:30 pm IST. In August 2026, existing home sales fell 2% month-on-month to an annualised rate of 3.98 million units, down from 4.06 million in July.
HCLTech Q2 Results | IT firm on Monday reported a 21.18% increase in consolidated net profit to ₹5,132 crore for the July-September quarter of FY27. The Noida-headquartered company posted a net profit (attributable to owners of the company) of ₹4,235 crore in the year-ago period. HCLTech’s revenue from operations rose 11.5 per cent to Rs 35,620 crore during the quarter under review, up from ₹31,942 crore a year ago. Sequentially, profit and revenue climbed 11% and 3%, respectively. Revenue from IT and business services rose to ₹26,938 crore from ₹23,693 crore a year ago.
Second-quarter results | Companies scheduled to announce their results tomorrow (October 13) include Tata Elxsi, ICICI Prudential Life Insurance, DEN Networks Ltd, Eimco Elecon (India) Ltd, GTPL Hathway Ltd, IGC Industries Ltd, Mudra Financial Services Ltd, Shree Krishna Infrastructure Ltd, SS Retail Ltd, State Trading Corporation of India Ltd, and Transformers and Rectifiers (India) Ltd.
Retail inflation | India’s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.54% in September 2026, marking a 23-month high, according to provisional data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday. The reading was below CNBC-TV18’s poll estimate of 5.6%, but higher than the 5.40% projected by a Reuters poll.
TVS Group Succession | Lakshmi Venu and her mother Mallika Srinivasan are clear about one thing: there is no ownership settlement in place at the TVS Group. “There is no economic settlement that has been reached within the Venu Srinivasan family: no discussion, no transparent valuation, no mutual consent to arrive at any such settlement,” they jointly tell CNBC-TV18.
