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Oman supplied approximately 585,000 tonnes of liquefied natural gas (LNG) to India in September, according to shipment data from commodity analytics firm Kpler. The country accounted for about 27% of India’s LNG imports during the month.

The development was reported on October 5, 2026, but the data covers September shipments. It reflects a change in India’s monthly import mix, not a new supply contract or a permanent change in its long-term supplier relationships.

Oman Leads a Changing Supplier Mix

Oman’s September shipments rose 11.6% from August, allowing it to overtake the United States as India’s largest LNG supplier for the month.

Nigeria ranked second, supplying around 351,000 tonnes. However, its shipments declined approximately 35% from August.

The US, which had led India’s LNG supplies in August with about 848,000 tonnes, fell to third place in September. Its shipments dropped 59% month-on-month, reducing its share of India’s LNG imports to approximately 16%.

The United Arab Emirates and Angola were also notable suppliers, shipping approximately 311,000 tonnes and 205,000 tonnes, respectively.

Supplier	September data
Oman	About 585,000 tonnes; 27% share
Nigeria	About 351,000 tonnes
United States	16% share; shipments down 59% month-on-month
UAE	About 311,000 tonnes
Angola	About 205,000 tonnes
Qatar	About 94,000 tonnes; 4.3% share

The supplier-level figures are attributed to Kpler. The Petroleum Planning & Analysis Cell (PPAC), the Government of India’s energy-data agency, maintains official monthly LNG-import data.

Qatar’s Share Drops to 4.3%

Qatar supplied approximately 94,000 tonnes of LNG to India in September, giving it a 4.3% share and placing it sixth among suppliers.

That marks a sharp decline from Qatar’s earlier position. The country had previously accounted for around 45% of India’s LNG imports, according to the reported data.

The reference report linked Qatar’s reduced contribution to damage at the Ras Laffan industrial area following an Iran-related attack. This explanation remains reported context and should not be treated as an independently confirmed official account based on the available information.

The report also cited an ICRA executive as saying that Qatar accounts for around 19% of global LNG supply and that restoring full capacity could take months. The pace of any recovery in Qatar’s shipments to India will depend on infrastructure availability and shipping conditions.

India’s Total LNG Imports Decline

India imported approximately 2.17 million tonnes of LNG in September, down 14% from nearly 2.5 million tonnes in August.

The figures indicate that the increase in supplier diversity did not fully compensate for lower shipments from major sources. India imports around half of its total LNG consumption, making the availability and cost of replacement cargoes important for domestic buyers.

A significant portion of West Asian LNG shipments passes through the Strait of Hormuz. Disruptions along the route could affect shipping schedules, freight costs and the delivered cost of LNG for Indian importers.

LNG is used across several parts of the Indian economy, including fertiliser production, power generation, industrial activity and city-gas distribution. Changes in supply availability or procurement costs can therefore affect multiple sectors, although the available data does not quantify any company-specific financial impact.

Implications for Indian Energy Companies

The September data does not establish a direct movement in the Nifty, Sensex or any individual Indian stock. Its immediate significance lies in India’s changing energy-import profile and the risks faced by businesses dependent on reliable gas supplies.

The sectors most relevant to the development include:

• LNG import and regasification terminals.
• City-gas distribution.
• Fertiliser production.
• Gas-based power generation.
• Oil marketing and energy infrastructure.
• Energy-related shipping and logistics.

Potential business effects will depend on replacement LNG costs, the duration of supply disruptions, freight rates, terminal utilisation and whether companies can pass higher fuel expenses to customers.

GAIL (India), Petronet LNG, Gujarat State Petronet, Gujarat Gas, Indraprastha Gas, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Reliance Industries operate in areas connected to the wider gas and energy value chain. However, no company-specific earnings impact, management commentary or share-price reaction has been verified for this development.

What Investors Should Monitor Next

India’s shift towards suppliers such as Oman, Nigeria, the UAE and Angola points to a broader diversification of LNG sources. However, a wider supplier base also exposes importers to different shipping routes, contract terms, freight costs and geopolitical risks.

The next relevant indicators include:

• Whether Oman retains its leading position in subsequent monthly data.
• Whether Qatar’s shipments recover as infrastructure capacity is restored.
• Whether total Indian LNG imports remain below August levels.
• How replacement cargo costs affect gas distributors and industrial users.
• Whether official company disclosures identify any impact on margins or volumes.

Investors following listed gas and energy companies can use online investing platforms to monitor exchange filings and corporate disclosures. Anyone seeking access to listed securities would generally need to open demat account online through a regulated intermediary. However, the September LNG data alone is not a buy, sell or hold signal.

The latest figures show two simultaneous trends: India’s LNG supplier mix has become more varied, while total imports have fallen. Whether this represents a temporary disruption or a sustained change will depend on future shipment data and the restoration of supplies from major exporters.

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Avenue Supermarts shares fell up to 6% on 5 October 2026 even as Q2 revenue rose 18.4%. Investors are weighing the same‑store slowdown, premium valuation and quick‑commerce pressure ahead of results on 10 October.

Stock reaction: DMart falls while broader market holds up

Avenue Supermarts, the operator of the DMart chain, saw its shares slide as much as 6.22% during Monday’s session, touching an intraday low of Rs 3,575.70 on NSE. The stock, which closed at Rs 3,813 on 1 October, was trading near its 52‑week low of Rs 3,528.65 even as major indices were in positive territory.

The sharp move came a day after the company’s Q2 FY27 business update and alongside fresh brokerage commentary, with Citi reiterating a ‘Sell’ rating and a target of Rs 3,300, and Goldman Sachs also on ‘Sell’ with a Rs 3,800 target.

Q2 business update: Strong top‑line, limited detail

For the quarter ended 30 September 2026, Avenue Supermarts reported standalone revenue of Rs 19,206.18 crore, up 18.4% year on year from Rs 16,218.79 crore in Q2 FY26 and 4.7% quarter on quarter from Rs 18,343.49 crore in Q1 FY27.

The retailer ended the quarter with 518 stores, adding 15 locations in Q2 FY27. In the first half of the fiscal, it opened 18 stores, only slightly ahead of the 17 stores added in H1 FY26.

However, the update did not disclose key profitability metrics or like‑for‑like (same‑store) growth for Q2, leaving analysts and investors to infer trends from prior quarters and commentary.

Why the market is worried: same‑store trends and competition

The disconnect between double‑digit revenue growth and a falling share price reflects deeper concerns about store productivity. In Q1 FY27, like‑for‑like growth for stores older than two years had already slowed to 5.5% from 7.1% a year earlier, with older metro stores showing flat sales, a trend analysts have linked to rising competition from quick‑commerce platforms such as Blinkit, Zepto and Swiggy Instamart.

DMart’s online arm, DMart Ready, has also faced headwinds. The service was scaled back from 25 cities to 11, even as FY26 online revenue stood at Rs 4,093 crore, up 17% year on year. In Q1 FY27, the subsidiary’s loss widened 32% to Rs 75.3 crore, adding to concerns about the cost of defending share in metros.

Citi has noted that profit growth has lagged revenue growth in 10 of the last 13 quarters, a pattern that makes the stock’s premium valuation harder to justify for some investors.

Valuation debate: premium multiple meets slower earnings momentum

At recent levels, Avenue Supermarts trades at roughly 77–81 times earnings and about 10 times book value, with a market capitalisation near Rs 2.36 lakh crore before Monday’s decline. The stock’s 52‑week range is Rs 3,528.65 to Rs 4,644.

Brokerage targets highlight the split in views. While Citi and Goldman Sachs are on ‘Sell’ with targets of Rs 3,300 and Rs 3,800 respectively, Morgan Stanley remains ‘Overweight’ with a Rs 4,464 target, CLSA has a ‘High Conviction Outperform’ rating and a Rs 5,723 target, and Bernstein is ‘Outperform’ with a Rs 5,000 target.

For long‑term holders, the key question is whether store expansion and operating leverage can offset pressure on same‑store sales and margins in a more competitive metro environment.

What Q2 results on 10 October must clarify

The board will meet on 10 October 2026 to approve unaudited standalone and consolidated results for Q2 and H1 FY27. Investors will focus on:

• EBITDA and net profit margins after the revenue beat
• Like‑for‑like growth trends, especially in older metro stores
• Commentary on store productivity and any change in expansion pace
• Performance and loss trajectory of the DMart Ready subsidiary

Clearer data on these points will determine whether the current valuation can be sustained or whether a deeper derating is likely.

Sector signal and investor context

DMart is a large‑cap bellwether for Indian organised retail, and its stock movement influences sentiment across the sector and related indices. Monday’s fall, alongside weakness in peers such as V2 Retail, underscores caution around high‑multiple retail names when same‑store growth shows signs of fatigue.

For retail investors tracking DMart or building exposure to the consumption theme, having a demat account with a SEBI‑registered broker is essential to hold the shares and react around result dates. To monitor key support and resistance levels, set price alerts and act quickly when results are announced, many investors rely on a reliable stock trading platform that offers real‑time data and corporate‑announcement feeds.

Key levels and risks to watch

Technically, the 52‑week low around Rs 3,528 is a critical support. A sustained break below this zone could open the door to further downside, while a decisive recovery above Rs 3,800–3,850 may indicate that the worst of the near‑term selling is over.

Key risks include:

• Further slowdown in like‑for‑like sales in metros
• Margin pressure from competition and online losses
• Any disappointment in H1 FY27 earnings versus street expectations
• Broader market volatility affecting high‑P/E large caps

With Q2 results just days away, the next major trigger for DMart’s stock will be the actual numbers and management’s outlook for store productivity and profitability. 

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PhysicsWallah sold its ₹95.79 crore student-loan book to Auxilo Finserve, partially closing its NBFC lending arm. The move cuts credit risk, frees capital for core edtech ops, and lifted shares up to 6% on October 5, 2026.

Stock reaction: PWL rallies as de-risking trade kicks in

Shares of PhysicsWallah Ltd (NSE: PWL; BSE: 544609) surged in early trade on Monday, October 5, 2026, after the company’s exchange filing on Sunday night outlined the loan-portfolio transfer. The stock touched an intraday high near ₹126.80–₹126.90, up roughly 5–6% from the previous close of ₹120.17, and traded around ₹124–₹125 in the first hour. NSE volumes were heavy, with about 3.33 million shares changing hands by 10:41 am, indicating strong participation from both retail and institutional desks tracking corporate announcements.

What triggered the move: ₹95.79 crore loan book sold to Auxilo

The rally followed PhysicsWallah’s disclosure that its wholly owned subsidiary, FinZ Finance Private Ltd, has executed a Deed of Assignment to sell and transfer a loan portfolio worth ₹95.79 crore to Auxilo Finserve Private Ltd, an RBI-registered NBFC focused on education financing (NBFC ID: N-13.02186). The transaction was dated October 3, 2026, and the regulatory filing was submitted on October 4, 2026, under SEBI‘s LODR norms. The transfer of loan accounts and borrower administration is expected to be completed within 60 days.

Strategic pivot: From capital infusion to asset-light lending

The deal marks a decisive shift in PhysicsWallah’s approach to student finance. In May 2026, the board had approved a ₹120 crore rights-issue infusion to capitalise FinZ, which received its NBFC licence in September 2025 and began operations in February 2026. By June 2026, the company signalled a restructuring away from direct lending. The October sale crystallises that plan: instead of running a balance-sheet-heavy loan book, PhysicsWallah will facilitate student credit through partner NBFCs, keeping the model asset-light and reducing exposure to credit defaults.

Why investors cheered: Risk off, capital free for core business

For shareholders, the key takeaway is risk reduction. Direct student loans carry credit-risk and provisioning overheads; exiting that book removes a potential drag on profitability and balance-sheet stability. Management has framed the move as part of a broader realignment to focus on its core education services and optimise capital allocation. With FinZ’s FY26 income at just ₹1.35 crore (about 0.04% of the parent) and net worth around ₹60.30 crore (roughly 1.18% of PhysicsWallah), the financial impact is modest, but the strategic clarity is significant.

Metric	Detail
Transaction value	₹95.79 crore
Buyer	Auxilo Finserve (RBI-registered NBFC)
Execution date	October 3, 2026
Filing date	October 4, 2026 (evening)
Transition timeline	Up to 60 days
Share price (Oct 5)	High ₹126.80–₹126.90; traded ₹124–₹125
Previous close	₹120.17

 

Deal mechanics: How the portfolio transfer works

Under the agreement, FinZ Finance will sell and assign the loan portfolio to Auxilo, which will take over servicing and administration. Borrowers will see their loans migrated to Auxilo’s systems over the 60-day window, with communication and operational handover managed between the two NBFCs. Around 70–75% of FinZ’s loans were to students already enrolled on the PhysicsWallah platform, making Auxilo’s education-finance expertise a logical fit for continuity.

Market context: Edtech firms favour partner-led credit models

The transaction underscores a broader trend among Indian edtech companies: rather than building in-house NBFC books, firms are increasingly partnering with specialised lenders to offer EMI options. This reduces regulatory complexity, limits balance-sheet risk, and allows management to concentrate on content, user growth, and monetisation. For PhysicsWallah, which trades above its ₹108 IPO price but is down roughly 6% year-to-date, the de-risking narrative appears to have resonated with investors looking for cleaner earnings visibility.

What this means for retail investors

Events like this highlight why timely access to exchange filings matters. Corporate actions loan-book sales, restructuring, capital raises can quickly re-rate stocks, especially when they alter risk profiles. Investors who want to act on such news need the right market infrastructure: a SEBI-registered broker, reliable market data, and the ability to execute quickly. That’s why many retail participants choose to open demat account facilities before such catalysts, so they’re not scrambling when a filing hits after market hours.

The October 5 session also showed how fast information gets priced in. Heavy volumes and a sharp intraday move indicate that online trading platforms and algorithmic desks are monitoring regulatory announcements in real time, translating filings into order flow within minutes. For long-term investors, the PhysicsWallah case is a reminder to track not just quarterly results but also strategic shifts that can change a company’s risk-return profile.

Key numbers to track next

• Completion of the 60-day loan-transfer process and any updates on borrower migration
• Commentary in upcoming quarterly results on capital redeployment and focus areas
• Any further changes to FinZ’s operational scope post partial closure
• Stock’s technical levels around ₹125–₹127, where early highs were recorded

With the loan book now moving to Auxilo, PhysicsWallah’s investment story tilts more squarely toward its core edtech metrics/subscriber growth, ARPU, and operating leverage while the NBFC overhang recedes.

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MCX gold and silver futures rose on 30 September 2026 as crude oil eased and bets on another US rate hike cooled. December gold opened at ₹1,49,910 per 10 gram and silver at ₹2,26,487 per kg.

MCX Gold and Silver Prices on 30 September

Both metals had fallen in the days before. Gold slipped below ₹1.5 lakh per 10 gram in Delhi on 29 September for the first time in two months, and gold and silver ETFs had dropped by up to 4% on 28 September as global bond yields rose. The 30 September move was a recovery from that low.

MCX contract (December)	Previous close	Opening price	Opening gain
Gold (₹ per 10 gram)	₹1,48,823	₹1,49,910	₹1,087
Silver (₹ per kg)	₹2,25,450	₹2,26,487	₹1,037

By the time Business Standard filed its report, gold was trading ₹1,001 higher at ₹1,49,824 and silver ₹993 higher at ₹2,26,443. Comex gold futures, the global benchmark, traded about 0.8% higher. Comex silver gained roughly 0.5%.

On 1 October, Goodreturns reported that MCX gold briefly crossed ₹1.50 lakh in early trade before easing to around ₹1,49,900. MCX silver was up ₹2,155, or 1%, at ₹2,25,861 per kg. Prices of different contracts and times of day vary, so traders should check the live MCX quote.

Why Gold and Silver Found Support

Two factors helped bullion on 30 September.

• Oil fell: crude declined as energy supplies from West Asia improved and another large tranche was released from US emergency oil reserves.
• Fed comments: New York Fed President John Williams said there is no immediate urgency for another rate increase. Market bets on an October rate rise fell to about 50% from nearly 70%, according to Vikram Subburaj of Giottus.com.

Higher interest rates usually make non-yielding assets like gold less attractive, so a lower chance of a hike helps. Subburaj also said the rupee matters for Indian buyers. A weaker rupee can support domestic bullion prices, because gold and silver are priced in dollars globally.

How Far Prices are from This Year’s Highs

MCX gold futures touched ₹1,80,779 per 10 gram earlier in 2026, and silver touched ₹4,20,048 per kg. At around ₹1,49,800, gold is about 17% below its high.

Silver at around ₹2,26,450 is about 46% below its peak. These percentages are calculated from the prices above and show how much both metals have cooled.

Metal (MCX)	2026 high	Price on 30 September	Gap from high
Gold (₹ per 10 gram)	₹1,80,779	About ₹1,49,800	About 17%
Silver (₹ per kg)	₹4,20,048	About ₹2,26,450	About 46%

What Moves Gold and Silver Prices in India

Indian bullion prices follow three main drivers: global prices, the rupee and import costs. Comex prices set the global direction.

The rupee decides how those dollar prices convert into rupees. Duties and local demand then add to the final price a buyer sees.

Because the rupee was near ₹96 to the US dollar on 30 September, according to PL Capital, even a flat global price can look higher in India. The reverse also holds. If the rupee strengthens, domestic prices can ease even when global prices do not move.

Silver has a second driver. It is also used in industry, so its price reacts to factory demand along with investment demand.

That is one reason silver tends to swing more than gold. The data above shows this: silver is further from its 2026 high than gold.

SEBI Opens Commodity Derivatives to More Foreign Investors

SEBI‘s Board meeting on 24 September 2026 also touched the commodity market. The Board allowed FPIs to take part in two types of contracts:

• Non-agricultural index derivatives, whether or not they are cash-settled.
• Non-cash-settled non-agricultural commodity derivatives.

For contracts that can lead to physical delivery, FPIs must close their positions before the tender period starts, three days before expiry. They cannot add to positions from that day. The FPI must also sign an agreement with its trading member that explains how positions will be squared off.

The Board also widened the Vault Managers Regulations to cover bullion that backs gold and silver ETFs and bullion derivatives. Net worth for vault managers rises from ₹50 crore to ₹75 crore.

What Traders and Investors Can Check

MCX quotes gold per 10 gram and silver per kg, while Comex quotes per ounce in dollars, so direct comparisons need a currency conversion. Contract expiry matters too, since different contracts show different prices at the same moment.

Trading MCX futures needs a commodity trading account with a SEBI-registered broker. Investors who prefer gold and silver ETFs instead of futures need to open a demat account, because ETF units are held in demat form. Traders can follow contract-wise prices on an online trading platform, but MCX publishes the official data.

Gold and silver prices can swing sharply, and futures carry leverage that can magnify losses.

Investments are subject to market risks. This is not investment advice.

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The government kept small savings interest rates unchanged for October to December 2026, per a Finance Ministry notification on 30 September. PPF stays at 7.1%, NSC at 7.7% and Sukanya Samriddhi at 8.2%.

Small Savings Rate Card for Q3 of FY 2026-27

The notification says rates for the third quarter of FY 2026-27 stay the same as those for July to September 2026. Here are the rates reported from the notification:

Scheme	Interest rate (% per year)
Sukanya Samriddhi Yojana (SSY)	8.2
National Savings Certificate (NSC)	7.7
Kisan Vikas Patra (KVP)	7.5 (matures in 115 months)
Monthly Income Scheme (MIS)	7.4
Public Provident Fund (PPF)	7.1
3-year time deposit	7.1
Post office savings deposit	4.0

Small savings schemes are run mainly through post offices and banks. They are backed by the Government of India, and the rate for each quarter is announced in advance.

Why the Rates Did Not Change

The government last changed rates on some small savings schemes in the fourth quarter of FY 2023-24, according to PTI. Since then, each quarterly review has kept them where they were. Rates are reset every quarter using a formula recommended by the Shyamala Gopinath Committee in 2011, which links them to government bond yields.

The wider backdrop matters. A personal finance analysis published after the announcement said inflation is rising and government bond yields are higher, but yields still sit below small savings rates. India’s 10-year government bond yield was near 7.15% on 30 September, according to PL Capital.

The analysis added that high inflation could push the government to consider higher small savings rates later. That is a view, not an official plan.

Who Uses These Schemes

Small savings schemes are popular with salaried people, parents saving for a child and retirees who want predictable income. The Monthly Income Scheme and the Senior Citizens’ Savings Scheme pay interest at regular intervals, while PPF and SSY are built for long-term goals. Because rates are announced one quarter at a time, savers cannot know the rate for future quarters when they open an account.

The Kisan Vikas Patra works differently. At 7.5%, it matures in 115 months, which is a little over nine and a half years, so the money stays invested for a fixed period.

What the Unchanged Rates Mean for Savers

The impact differs by scheme. Here are the points savers should know:

• PPF: the rate declared for a quarter applies to the whole outstanding balance, so 7.1% covers every rupee in the account for these three months.
• PPF lock-in: a PPF account matures after 15 years.
• SSY: the 8.2% rate is the highest on the list, and it is meant for a girl child’s savings.
• Rate changes are not locked in: PPF, SSY and SCSS rates are reviewed every quarter, so the rate on the day you open an account does not stay forever.
• Post office savings: the 4% rate is far lower than the other schemes.

Tax treatment differs by scheme, so savers should check the current rules for each one before planning.

A Quick Look at Three Months of Interest

The table below shows a simple, rough calculation of interest for one quarter on a balance of ₹1,00,000. It uses the annual rate divided by four and ignores compounding. Real payouts depend on each scheme’s own rules for compounding and payment, so treat these as illustrations only.

Scheme	Annual rate (%)	Rough interest for 3 months on ₹1,00,000 (₹)
Sukanya Samriddhi Yojana	8.2	2,050
National Savings Certificate	7.7	1,925
Monthly Income Scheme	7.4	1,850
Public Provident Fund	7.1	1,775
Post office savings deposit	4.0	1,000

How the Rates Compare with Bond Yields

The 3-year time deposit and PPF both pay 7.1%. The 10-year government bond yield, near 7.15%, is roughly in the same range.

A bond yield changes every day with trading, while the small savings rate is fixed for a quarter. That is the main practical difference between the two.

Small savings schemes carry a government backing. Market-linked options such as shares and equity mutual funds do not offer fixed returns, and their value can fall.

Adding Market-Linked Options

Savers who want to add shares or ETFs to their mix can open a demat account for direct equity holdings. Those who prefer SIPs can start on an investing platform and choose funds by risk level and time horizon. Market-linked returns are not fixed, so investors should match the amount to their goals and their ability to bear losses.

When the Next Review is Due

The government reviews small savings rates every quarter. The next announcement will cover the January to March 2027 quarter, which begins on 1 January 2027. Until then, the rates in the table above apply.

Investments are subject to market risks. This is not investment advice.

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SRIT India‘s ₹218.40 crore IPO closed on 30 September 2026 with 125.16 times subscription, per bidding data compiled by Chittorgarh. Allotment is due on 1 October, and listing is tentatively set for 6 October.

Final Day Subscription Numbers

Subscription tells you how many times investors asked for the shares on offer. A figure of 125.16 times means bids were more than 125 times the shares offered to investors in this round. The numbers below are as of 5:55 PM on 30 September and may be updated after bids are finalised.

Category	Subscription (times)	Shares offered
QIB (excluding anchor)	91.84	33,60,000
NII	312.99	25,20,000
Retail	63.70	58,80,000
Total	125.16	1,17,60,000

Within the NII category, bids above ₹10 lakh were subscribed 355.80 times, and bids below ₹10 lakh 227.37 times. The issue drew 31,09,304 applications in total.

QIBs are qualified institutional buyers such as mutual funds and insurers. NIIs are non-institutional investors who bid above ₹2 lakh.

SRIT India IPO Issue Details

The IPO is a book-built issue made up entirely of fresh shares, with no offer for sale. Choice Capital Advisors is the lead manager and KFin Technologies is the registrar.

Detail	Information
Issue size	₹218.40 crore (1.68 crore fresh shares)
Price band	₹123 to ₹130 per share
Lot size	115 shares
Minimum retail investment	₹14,950 (one lot at ₹130)
Maximum retail investment	₹1,94,350 (13 lots)
Face value	₹5 per share
Anchor investors	₹65.52 crore raised on 25 September

The issue is split 50% for QIBs (including 30% for anchor investors), 15% for NIIs and 35% for retail investors.

Allotment, Refund and Listing Dates

• Bidding: 28 to 30 September 2026
• Basis of allotment: 1 October 2026
• Refunds and credit of shares to demat accounts: 5 October 2026
• Tentative listing on BSE and NSE: 6 October 2026

Because the issue is oversubscribed in every investor category, many applicants will not receive shares. Retail applicants are allotted shares by a computerised lottery when the issue is oversubscribed.

What Oversubscription Means for Allotment Chances

The retail portion holds 58,80,000 shares. At one lot of 115 shares each, that room can serve at most 51,130 retail allottees. Retail bids were 63.70 times the quota, so only a small share of retail applicants can receive a lot, and the lottery decides who does.

Bids of different sizes do not improve a retail applicant’s odds. A bid for 13 lots has the same chance in the lottery as a bid for one lot.

How to Check Your Allotment Status

Applicants can check status on the KFin Technologies IPO status page or on the BSE and NSE websites, using their PAN, application number or DP ID. Allotted shares are credited to the demat account on 5 October. Applicants who do not get shares should see the blocked UPI amount released or the refund credited by the same date.

Investors who missed this IPO and want to apply to future issues need to open a demat account first, since allotted shares are credited there. UPI bids are placed through a stock trading app or an online trading platform linked to the applicant’s bank account.

What the Company Does and How It Has Performed

SRIT India is a Bengaluru-based IT and IT-enabled services company, set up in 1999. It designs and runs digital platforms for government bodies and enterprises across three areas: healthcare, electronic governance, and telecom and broadband. The company says it has executed more than 103 projects with a combined order value of about ₹1,234.7 crore.

Its revenue from operations rose from ₹389.35 crore in FY 2024-25 to ₹450.00 crore in FY 2025-26, an increase of about 16%. Profit after tax rose about 29%.

Financial measure (₹ crore)	FY 2023-24	FY 2024-25	FY 2025-26
Total income	282.22	400.50	462.54
EBITDA	40.99	49.81	64.77
Profit after tax	29.08	33.60	43.29
Total borrowing	22.28	51.30	36.15

How the Money Will Be Used

SRIT India plans to spend ₹12.86 crore on capital expenditure for modernising products and ₹124.00 crore on working capital. A third object covers acquisitions and general corporate purposes, with no amount listed. After the issue, the promoter and promoter group holding will fall from 84.91% to 62.71%.

Dates to Track After Listing

The anchor investors bought 50,40,000 shares at the issue price on 25 September. The lock-in for 50% of the anchor shares ends on 31 October 2026, and the remaining anchor shares are locked in until 30 December 2026.

A lock-in is a period during which the investor cannot sell. Share supply can change when these dates pass, so investors often watch them.

Investors should read the Red Herring Prospectus on SEBI‘s website before making any decision. IPO listing prices can be above or below the issue price.

Investments are subject to market risks. This is not investment advice.

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Foreign portfolio investors have sold over ₹2.5 lakh crore of Indian equities in 2026, NSDL data compiled by Business Today shows. That is about 50% above the ₹1,66,286 crore sold in all of calendar 2025.

How Big is the 2026 Outflow?

FPIs are overseas funds, such as pension funds and asset managers, that invest in Indian shares and bonds. When they sell more than they buy, the figure is called a net outflow.

NSDL data shows the 2026 outflow has already passed the full-year 2025 number. Business Today describes it as a record.

The selling has not been steady. FPIs turned net buyers in July after a four-month selling streak, then returned to selling in September. In July, they invested about ₹20,200 crore, according to NSDL data.

Year	FPI net equity outflow (₹ crore)
Calendar 2025	1,66,286
Calendar 2026 so far	More than 2,50,000

Other trackers show slightly different totals for the year, because some count IPO investments and some do not. NSDL’s own FPI monitor is the official source for daily and monthly numbers.

Which Stocks Felt the Pressure?

Business Today found that none of the top 10 FPI holdings in India, measured by market value, gave a positive return in 2026. Several favourites fell sharply.

Company	FPI holding value (₹ lakh crore)	Share price change in 2026
HDFC Bank	4.66	Down 27%
ICICI Bank	3.13	Down 3%
Bharti Airtel	2.93	Down 15.88%
Axis Bank	About 1.5	Down 4.51%
Mahindra & Mahindra	1.27	Down 20%
ITC	1.11	Down 34%
Infosys	1.11	Down 33%

Values are as reported by Business Today, using shareholding data from the June 2026 quarter where it is given. Bajaj Finance, Kotak Mahindra Bank and Larsen & Toubro also fell, by up to 8% over the period.

How Foreign Ownership Has Changed

FPI stakes have shrunk in the biggest names. HDFC Bank’s FPI ownership was 41.82% at the end of the June 2026 quarter, down from 47.66% at the end of December 2025.

ICICI Bank’s FPI stake fell from 43.87% to 33.79% over the same period, and Bharti Airtel’s from 28.75% to 26.48%. Companies file shareholding patterns with the exchanges every quarter, so the September quarter numbers will show how much further foreign ownership has moved.

What is Driving the Selling?

Brokerage commentary points to a set of linked pressures. PL Capital’s Vikram Kasat said on 30 September that expensive oil can keep inflation high, hold bond yields up and limit foreign flows into emerging markets. He pointed to the following:

• The rupee was near ₹95.97 against the US dollar.
• India’s 10-year bond yield was near 7.15%.
• The US 10-year yield was around 5.2%.
• Foreign selling in Indian equities has continued.

Business Today also reports that Sensex and Nifty have fallen by up to 16% from their record highs within a year. Brokers such as Choice Broking say persistent FPI selling could limit any recovery, even if buying emerges near key technical levels.

Oil and the Rupee Add to the Pressure

A weaker rupee hurts foreign investors twice. Their returns are measured in dollars, so a falling rupee cuts the value of any gains made in Indian stocks. It also makes imported oil costlier, which can push up inflation.

Business Standard reported that the rupee slipped to ₹96.14 against the US dollar on 29 September 2026 on rising oil prices and portfolio outflows. On 30 September it steadied near ₹96 as RBI intervention cushioned the fall. PL Capital names crude oil, the rupee and global interest rate expectations as the three things to watch in October.

Domestic Investors Have Cushioned the Fall

Domestic institutional investors (DIIs), which include mutual funds, insurers and pension funds, have bought shares for 38 straight months, Business Today reports. Their net buying of ₹20,19,580 crore in that period is more than the ₹10,45,605.85 crore of FPI outflows over the same months. SIP money flowing into equity mutual funds is widely seen as a steady source for this domestic buying.

This balance matters for ordinary investors. Foreign selling can push prices down, while domestic buying can slow the fall. Neither guarantees how markets will move next.

What Investors Can Track

Exchanges publish provisional FPI and DII figures after market hours each day, and NSDL publishes FPI data on its website. Investors can follow these numbers on exchange websites or on any online trading platform. Those who invest in mutual funds online through SIPs are indirectly part of the domestic flow described above.

Anyone planning to buy shares directly must first open a demat account and complete the trading set-up with a broker. Market-linked investments can lose value, and past flows do not predict future returns.

Investments are subject to market risks. This is not investment advice.

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Sun TV Network told BSE and NSE on 30 September 2026 that a report on demerging its sports division is a rumour. The stock jumped 20% intraday to ₹664 before closing 7.73% higher at ₹596.

How Sun TV Shares Moved on 30 September

The rally came after a news report suggested that Sun TV could separate its sports business. Trading volumes surged as the stock climbed, and BSE sought clarification from the company the same day. By 12:46 PM, about 2.04 crore shares had changed hands on NSE and BSE combined, more than nine times the average volume.

Measure	Figure
Previous close (worked out from the ₹42.75 gain)	₹553.25
Intraday high on BSE	₹664 (up 20%)
Closing price	₹596 (up 7.73%)
Gain over seven sessions, at the intraday peak	About 45%
Earlier 52-week high	₹660, touched on 20 April 2026
All-time high	₹1,097.05, touched on 16 January 2018

The 20% jump was the stock’s biggest intraday surge since 3 February 2017, when it rose 27% on BSE. The stock pared much of its intraday gain by the close, which shows how quickly sentiment can shift when a report is unconfirmed. It still ended the day higher than the previous close.

What BSE Asked and What Sun TV Replied

BSE sought clarification from Sun TV on 30 September 2026 about the news report. Exchanges can ask listed companies to confirm, deny or clarify reports that may move prices. The company’s reply was filed under Regulation 30(11) of SEBI‘s Listing Obligations and Disclosure Requirements (LODR) Regulations, which deals with rumour verification.

In its filing to both exchanges, Sun TV said:

• The news item is a rumour, and the company cannot comment on market rumours.
• It has made all necessary disclosures under Regulation 30 of the LODR Regulations up to the date of the filing.
• There is no impending material price-sensitive information or announcement that could affect trading volumes or the share price.

The filing does not confirm any plan to separate or spin off the sports business. It also gives no detail on a board discussion, deal structure, valuation or timeline. A demerger means a company splits a division into a separate entity, and shareholders usually receive shares in the new entity.

What Sun TV’s Sports Business Includes

Sun TV runs television channels in seven languages: Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi. It also operates FM radio stations and the Sun NXT streaming platform.

Its cricket assets are SunRisers Hyderabad in the Indian Premier League, SunRisers Eastern Cape in South Africa’s SA20, and SunRisers Leeds in The Hundred in the UK. The company bought the Leeds franchise, earlier known as Northern Superchargers, in FY 2025-26.

According to a CNBC report cited by Business Today, IPL-related revenue was 33% of Sun TV’s first-quarter revenue. Business Today puts the company’s market capitalisation at around ₹24,000 crore. These are third-party numbers, and Sun TV has not linked them to any restructuring plan.

What a Demerger Would Involve

Sun TV has not announced a demerger, so the points below only explain how such a step normally works in India. A listed company usually separates a business through a scheme of arrangement.

The board approves the plan first, and shareholders then vote on it. The National Company Law Tribunal (NCLT) has to sanction the scheme, and stock exchanges and SEBI review the documents before it goes ahead.

Each of these steps leads to a public filing. A board meeting intimation, an exchange announcement or a shareholder notice would appear on BSE and NSE long before any split takes effect. Sun TV’s filing shows none of these so far.

Sun TV’s FY 2025-26 annual report, quoted by Business Standard, says the company expects its cricket franchise and film production businesses to diversify earnings in the coming years. That is a statement about growth plans for the existing structure, not about separating the sports arm.

Why Rumour Verification Matters to Shareholders

A price jump on an unconfirmed report can reverse quickly, as Sun TV’s smaller closing gain showed. The exchange filing is the reliable record of what a company has actually said. Shareholders can use a simple checklist:

• Read the company’s reply on the BSE or NSE announcements page, not only the news headline.
• Check whether the company confirmed, denied or declined to comment.
• Note the trading volume against the average, since heavy volume often follows a rumour.
• Watch for a board meeting intimation or outcome, which is where a real corporate action would be announced.

Sun TV shares trade as SUNTV on NSE and 532733 on BSE. Anyone who wants to buy or sell the stock needs a demat and trading account. Exchange filings and live prices are also visible on most share market apps, but the filing on the exchange website remains the primary source.

Investments are subject to market risks. This is not investment advice.

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SEBI Chairman Tuhin Kanta Pandey said on 30 September 2026 that portfolio managers now handle about ₹9.2 lakh crore in assets, up from ₹1.4 lakh crore in FY16. He also outlined faster foreign investor onboarding.

How Fast Has the PMS Industry Grown?

Portfolio Management Services, or PMS, let a professional manager invest on behalf of a client in a personal portfolio. In a discretionary PMS, the manager takes the investment decisions for the client.

Pandey said the assets under management (AUM) of portfolio managers, leaving out PF and EPFO money, rose to about ₹9.2 lakh crore by August 2026. At the end of FY16, the same figure was ₹1.4 lakh crore. That is growth of around 20% a year.

Measure	Latest figure
AUM excluding PF and EPFO assets, August 2026	About ₹9.2 lakh crore
AUM excluding PF and EPFO assets, end of FY16	₹1.4 lakh crore
Registered portfolio managers	More than 530
Discretionary PMS clients	About 2.2 lakh

What the New Portfolio Managers Rules Allow

Pandey spoke about the new PMS framework approved by the SEBI Board on 24 September 2026. It is called the SEBI (Portfolio Managers) Regulations, 2026, and it replaces the 2020 regulations. SEBI says the aims are to develop the PMS industry, ease compliance, simplify language and remove redundant provisions.

SEBI’s press release (PR No. 59/2026) lists these key measures:

• Portfolio managers can invest in IPOs and in primary market debt issues.
• Up to 10% of client AUM can go into investment-grade, non-convertible, unlisted debt under discretionary PMS, with client consent.
• Exposure to exchange-traded derivatives can go up to 1.25 times of client AUM.
• Investment in foreign securities is allowed under both discretionary and non-discretionary PMS, within FEMA rules and the RBI’s Liberalised Remittance Scheme.
• Independent Fund Managers can run client portfolios in association with a registered portfolio manager, who stays fully responsible for them.

PRIM: A New Route to Mutual Funds

The most talked-about change is the Portfolio Managers Route for Investing in Mutual Fund units, or PRIM. It lets portfolio managers invest client money in direct plans of mutual funds.

These include ETFs, index funds and Specialised Investment Funds (SIFs) of Indian asset management companies. A direct plan is a mutual fund plan that does not carry distributor commission.

PRIM condition	Requirement
Minimum ticket size	₹25 lakh
Net worth for a new PRIM-only registration	₹2 crore
Management fee	Fixed fee capped at 1% of client AUM; performance-based fee also allowed
Investment in schemes of affiliated AMCs	Capped at 25%
Exit load	Provisions waived

An existing portfolio manager can offer PRIM through a separate investment approach and accept the ₹25 lakh minimum. A new applicant that will work only within PRIM needs a fresh registration. SEBI also wants the activities and clients of mutual fund distributors and PRIM kept separate, except for accredited investors.

Lighter Compliance for Smaller Portfolio Managers

The new rules also cut paperwork. SEBI says the regulations shrink from 70 pages to 33 pages, a reduction of 53%.

Even a graduate can now act as Principal Officer. Portfolio managers with AUM below ₹100 crore get relaxed dealing room requirements, and SEBI says 48% of registered portfolio managers fall in this group.

A standard Investment Management Agreement will be used for clients. Under it, authority to operate the client’s demat and trading account is built into the agreement.

The power of attorney for the bank account, which the RBI requires, stays separate. Clients who hand over such authority should still review their holdings and statements regularly.

Suitability, Not Just Eligibility

Pandey made a point about investor protection. A client may meet the minimum investment limit, he said, but eligibility and suitability are not the same thing. Portfolio managers understand a strategy’s concentration, liquidity, volatility and downside risks better than clients do, so they must understand each investor equally well.

He also said performance should be shown with context. That means stating the risks taken, the right benchmarks, portfolio concentration and drawdowns. A drawdown is the fall in a portfolio from its peak value to its lowest point.

Faster FPI Onboarding and Bond Indices

Pandey said SEBI and the RBI have already sorted out many issues in foreign portfolio investor (FPI) onboarding and want to go further. The steps he listed include:

• Onboarding within five working days has been tested for certain jurisdictions, with help from custodians and depositories.
• Documents can be filed with digital signatures, replacing physical signatures that earlier needed apostille or notarisation.
• The NSDL front end has been revamped, and an India Market Access portal now gives requirements, FAQs and documents in one place.
• Physical powers of attorney have moved to e-powers of attorney.
• The RBI has allowed corresponding branches of foreign commercial banks to certify documents, and it is examining whether the SWIFT process can be used to upload registration documents.

On bonds, Pandey said SEBI is working on bond indices that can be fitted on exchanges. The RBI has prepared draft guidelines and asked for comments, and SEBI is pursuing with the RBI to finalise them.

What It Means for Retail Investors

PMS and PRIM suit investors with larger sums, since PRIM alone needs ₹25 lakh. Most retail investors reach mutual funds through other routes. Those who prefer to manage money on their own can compare direct plans on an investing platform and invest in mutual funds online with smaller amounts.

The press release does not give an effective date for the new Portfolio Managers Regulations, 2026. Readers should watch for the SEBI notification, which will set the timeline for portfolio managers to adopt the changes.

Investments are subject to market risks. This is not investment advice.

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