💹 Economy & Policy
• India’s credit growth inched up to 11.4% in the fortnight ending October 3, showing steady lending momentum.
• Trump said the recently announced 100% tariffs on China are “not sustainable”, but confirmed plans to meet President Xi next week.
• U.S.–China trade talks are expected to resume next week, fueling cautious optimism across global markets.
📈 Equity Markets
• Nifty ended the week just above 25,700, gaining 0.50% on Friday and 1.68% week-on-week after rebounding from early weakness.
• FMCG and paint stocks outperformed as falling crude prices supported margin expectations.
• U.S. markets closed lower, with weakness spilling over to Asian and European indices, setting a subdued global tone.
🏦 Companies & Tech
• Reliance Industries Q2 FY26: Profit up 10% YoY to ₹18,165 crore; revenue up 10%.
• Reliance Retail: Net profit rose 22% to ₹3,261 crore on strong festive demand.
• Infosys and Wipro slipped despite strong Q2 results, as margin pressures and cautious commentary weighed on sentiment.
• Analysts expect improving trends for consumer and financial sectors heading into Q3.
🌏 Global & Commodities
• Global markets traded weak amid renewed U.S.–China tensions and profit-taking after recent rallies.
• Oil prices stayed near five-month lows, extending weekly losses as supply outlook improved and demand fears persisted.