Indian investors will closely track the US Federal Reserve’s interest rate decision on Wednesday, with Fed Chair Kevin Warsh’s comments also in focus …
1/8US Markets | Wall Street traded higher on Tuesday, with the S&P 500 gaining 0.2% and the Nasdaq Composite advancing 0.3%, as chip stocks extended their rally. The Dow Jones Industrial Average bucked the trend, slipping 44 points, or 0.1%. Investors tracked falling oil prices and a fresh batch of corporate earnings, while positioning ahead of the Federal Reserve’s two-day policy meeting.
2/8US Treasury yields | US Treasury yields moved higher on Tuesday as the Federal Reserve’s two-day monetary policy meeting kicked off and investors digested a spate of economic data releases. The benchmark 10-year Treasury yield rose more than 1 basis point to 5.003%, as did the 30-year Treasury bond to 5.316%. The 2-year Treasury note yield was up 3 basis points to 4.741%.
3/8Crude oil | Oil slipped in a volatile session as traders weighed moves to de-escalate tensions in the Persian Gulf and looming elections, including in Israel. Brent traded around $115 a barrel after losing almost 1% in the previous session, while West Texas Intermediate was near $101. Senior officials from Saudi Arabia, Pakistan and Turkey travelled to Tehran for discussions with the Iranian government on Monday, with participants agreeing to more talks.
4/8US Fed Meeting | The US Federal Reserve will announce its interest rate decision at 11:30 pm IST on Wednesday. Fed Chair Kevin Warsh’s press conference is scheduled to begin at 12 midnight IST on Thursday (October 29), when investors will look for clues on the central bank’s policy outlook and the possibility of another rate hike in December.
5/8Second Quarter Results | Several major companies are scheduled to announce their second-quarter results on Wednesday (October 28, 2026), including Hindustan Unilever Limited, Adani Ports and Special Economic Zone Limited, and Adani Enterprises Limited.
6/8IIP | India’s Index of Industrial Production (IIP) data for September will be released on Wednesday at 4:00 pm IST. In the previous month, industrial production growth accelerated to 8% year-on-year in August, compared with 6.7% in July. Manufacturing output grew 9%, while electricity and gas supply rose 12.3%; mining and quarrying contracted 5.6%.
7/8TVS family feud | Venu Srinivasan, chairman emeritus of TVS Motor Company, his wife Mallika Srinivasan and their children Lakshmi Venu and Sudarshan Venu have filed caveats against one another in 2 Chennai courts, according to court records reviewed by CNBC-TV18. Mallika Srinivasan and Lakshmi Venu have reiterated their desire for an amicable resolution through transparent discussions and dialogue. The filings show both sides are preparing for possible litigation in the ongoing dispute over the division of the family’s wealth.
8/8Published Results | Larsen & Toubro and Bajaj Auto reported growth in both revenue and profit in the September quarter, while Maruti Suzuki India’s net profit declined even as revenue increased on the back of record sales. Larsen & Toubro and Bajaj Auto posted year-on-year growth in both revenue and net profit in the September quarter. Maruti Suzuki India, however, reported a 26% decline in net profit even as revenue rose 26%, supported by record quarterly sales.