Today’s stock market news brings important developments across currency markets, taxation, digital payments, IPOs, mutual funds, corporate governance, and the automobile industry. Jarvis Invest brings you eight key updates to help you stay informed about the latest developments shaping India’s financial markets and business landscape.
Stock Market News: Rupee Strengthens to ₹95.16 Against the Dollar After RBI Tightens Forex Rules
In the last 2 days, the rupee strengthened from around the ₹97.50/$ level to ₹95.16/$ levels, after the RBI tightened hedging rules. There were 2 broad changes announced by the RBI. Firstly, it widened the scope for cash deposit requirement for forex hedges. This will include the bank’s proprietary hedges too. Secondly, RBI has curbed the issue of NDFs (non-deliverable forwards) on dollars to clients at IFSC only for hedging underlying exposure. This will reduce speculation against the rupee. It also makes RBI efforts to sell dollars more effective in defending the INR.
Stock Market News: Sensex Rallies Over 1,100 Points on Potential Capital Gains Tax Relief
The Sensex rallied by more than 1,100 points on the back of government hinting that it would be willing to take a relook at long-term capital gains tax on equities as well as the rates of STT. While a full-fledged rollback of STT is unlikely due to its revenue potential, some reduction may be on the cards. Investors are more interested in whether the government reduces or cuts out the LTCG tax, which is currently levied at 12.5% above ₹1.25 lakhs per annum. There have also been demands to roll back the short-term capital gains tax from 20% to the previous level of 15%.
Stock Market News: Government Defers UPI MDR Implementation Until After Diwali
That was almost expected, but the government has officially put off the implementation of UPI MDR to after Diwali. Clearly, the government did not want the UPI MDR to dent sales during the festive season. However, government has underlined that it will be implementing the UPI MDR, immediately after Diwali, but that remains to be seen. The UPI MDR will not be levied on P2P transactions, but only on P2M transactions. Already, several small merchants have asked buyers to bring cash instead of paying by UPI. Merchants have to bear the cost of UPI MDR.
Stock Market News: Jio Platforms Attracts $20 Billion in Anchor Investor Interest Ahead of IPO
Ahead of its IPO, Jio Platforms has already received expressions of interest worth $20 billion for its anchor portion. Large investors like Allianz AG, Fidelity, and Capital Group have expressed interest in participating in the anchor issue. The issue size is likely to be above ₹30,000 crore and the issue will imply a valuation of ₹11,00,000 crore for the company overall. Reliance group has toned down its valuation expectations and issue size compared to earlier projections. The roadshows in New York, London, Boston, and Hong Kong were led by managing director, Akash Ambani.
Stock Market News: September SIP Inflows Hit Record ₹32,490 Crore
SIP flows in September 2026 touched an all-time record of ₹32,490 crore, marginally higher than August. Overall, AUM of the MF industry fell in September amid heavy selling in debt funds for quarterly advance tax payments. Active equity funds saw net inflows of ₹38,306 crore in the month. The SIP stoppage ratio moderated to 78%, still much higher than historical averages. For the month, around 63 lakh fresh SIP accounts were added on gross basis, while the total SIP AUM stood at ₹17.86 trillion. Small cap and mid-cap funds led inflows into active equity funds.
Tata Trusts Governance Dispute Intensifies as Noel and Neville Tata File CaveatsTata Trusts Governance Dispute Intensifies as Noel and Neville Tata File Caveats
Noel Tata and son, Neville Tata, have moved the Bombay High Court and the City Civil Court with caveats against Venu Srinivasan and Vijay Singh. This will ensure that the Tata Trusts are issued a legal notice and also given a chance to be heard before arriving at any decision. Noel and Neville Tata had also filed similar caveats before the Charity Commissioner after Venu Srinivasan and Vijay Singh had alleged governance lapses and irregularities in trustee appointments. Among the trustees, Darius Khambatta and Bhaskar Bhat continue to support Neville Tata.
Venu Srinivasan Faces Family Business Dispute Amid Tata Group Governance Questions
Even as Venu Srinivasan is busy pointing to lapses in governance at Tata group, his own stable is in a mess. Caught in a bitter feud are Venu and his son on one side; and his wife and daughter on the other side. His wife Mallika and daughter Lakshmi have denied claims of a fair business division between the son and daughter. Mallika and Lakshmi are peeved by the fact that his son, Sudarshan, gets to keep the lucrative TVS Motors, while Lakshmi gets only Sundaram Clayton. They have questioned Venu’s claim that all businesses belonged to him rather than the family.
Hyundai Plans $15.5 Billion Investment to Regain Position in India’s Auto Market
Hyundai Motors plans to invest around $15.5 billion between 2026 and 2032 to emerge as a key player once again. Hyundai which was in second position for a long time, has now dropped to the fourth slot behind Tata Motors and M&M. The broad plan includes expansion of manufacturing capacity, focus on R&D, cultivating local supply chains, and future technology innovation. To get the actual position of Hyundai in India, one also has to add the numbers of Kia Motors, which is part of the Hyundai group. Local supply chains will reduce the dependence on China.
Conclusion
Today’s stock market news highlights the influence of RBI currency measures, potential tax changes, digital payment policies, IPO developments, mutual fund flows, corporate governance disputes, and automobile sector investments on India’s financial landscape. From the rupee’s recovery to record SIP contributions and Hyundai’s investment plans, these developments offer important context for investors and market participants. Jarvis Invest helps you stay informed with relevant stock market news and key financial developments shaping the market.
