Wipro reported second-quarter revenue from operations of ₹24,752.7 crore, up 9% year-on-year. Net profit slipped 1.9% year-on-year to ₹3,200 crore. Revenue from the IT services segment rose 1% year-on-year. A day after the results, the stock climbed almost 5% in intraday trade, lifting its October gain to 15%.

Wipro returned ₹17,029 crore to shareholders in the first half of FY27, well above its net profit, after completing a major share buyback and paying a dividend.

The market's most expensive stocks, measured by forward price-to-earnings ratios at the end of the second quarter, suffered unusually sharp valuation contraction in the third quarter, according to Trivariate Research. Their multiple compression was roughly 100 times as large as that of the cheapest names, an extreme seen only 5.3% of the time since 1999. AI capital-spending-sensitive high-valuation names such as AMD, Marvell, Corning and Bloom Energy were hit hardest. The S&P 500's forward price-to-earnings ratio fell to 19 at the end of last week from 22 at the start of 2026.

Gold ETFs in India drew ₹4,451 crore in net inflows in September 2026, the highest monthly tally so far in FY2026-27. The figure was up 71% from ₹2,597 crore in August. India VIX climbed more than 25% from its September lows, pointing to heightened market uncertainty, while gold prices corrected 3.5% over the same period. The pullback prompted investors to buy gold ETFs on the dip.

Eternal, the parent entity of Zomato, has moved ahead of Tata Consultancy Services (TCS) in the Nifty 50’s latest weight adjustment, with its weight rising to around 2.29% versus roughly 2.08% for TCS. The change comes even as TCS’s market capitalisation of around ₹7.5 lakh crore remains far above Eternal’s roughly ₹3.1 lakh crore, as Tata Sons’ close to 72% stake reduces TCS’s free float used in index calculations. Analysts also pointed to diverging market narratives, with TCS’s valuation reflecting expectations of muted growth while Eternal trades at more than 650 times trailing earnings on optimism around Blinkit’s expansion.

Pranati Deva is a senior sub editor at LiveMint with more than a decade of experience in high-pressure newsroom roles. Her reporting focuses on stock markets, listed companies, currencies and commodities, with a strength in fast-paced, real-time market coverage. She has worked across several Indian news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com.

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has launched gold, silver, platinum and palladium futures contracts in London to build a local derivatives market in the world’s largest physical gold hub. London handles more than $180 billion a day in over-the-counter gold trading. Gold held in London vaults totaled 9,632 metric tons at the end of August, valued at about $1.4 trillion, according to the London Bullion Market Association. The move follows the London Metal Exchange’s closure of its gold futures contract in 2022 due to low trading activity, leaving New York as the dominant center for exchange-traded gold derivatives.

India’s government said it will halve the sugar stock cap for dealers to 1,000 quintals and cut the permitted holding period to 15 days from Oct. 15 to Nov. 30 to curb hoarding during the festival season. Earlier, it approved duty-free imports of 1 million tonnes of raw sugar on Aug. 21 to bolster domestic supply. Retail sugar prices are still up about 20% year-on-year, though they have fallen more than 11% from the August peak.

International oil prices rose by about $1 on the day as U.S.-Iran peace talks stalled and U.S. fuel markets tightened. Brent crude gained around 14% over the month, marking its biggest monthly rise since July. In equities, Wall Street finished mixed, with the Dow down 0.86%, the S&P 500 down 0.25% and the Nasdaq up 0.24%. MSCI’s global stock index edged lower, slipping 0.16%.