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Asian equities displayed mixed performance following Wall Street s rally, fueled by hopes of Federal Reserve rate cuts after a drop in producer prices. US futures saw slight gains as the S&P 500 reached a new record.

State Bank of India anticipates a rise in corporate credit demand this quarter. Bond yields are increasing, making bank loans more attractive. Previously, corporations favoured bonds due to lower rates. Reserve Bank of India s rate cuts had initially boosted bond issuances. India aims to be a major global economy, requiring strong credit growth.

Singapore s Temasek-backed Fullerton Financial is re-entering Indian financial services. It plans to invest ₹2,000 crore in Lendingkart Finance. This will help Lendingkart expand its loan book. Fullerton has already increased its stake in Lendingkart Technologies. It has also assumed management control. The company aims to disburse fresh loans and launch secured products.

ICRA Ratings anticipates one-year bank deposit rates have bottomed out at 6%, projecting a moderate transmission of policy rates to lending rates by Q4. While deposit rates are unlikely to fall to pandemic levels, banks might lower them if credit growth lags and liquidity remains high.

Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.

Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison s wealth increased substantially. He briefly surpassed Elon Musk as the world s richest person. OpenAI plans a large purchase of Oracle s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and Google.

Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.

Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.

Nifty extended gains for the sixth session, supported by IT and financial stocks. Analysts see bullish momentum with Nifty above 21EMA. Experts recommend HAL, NLC, BEL, Indraprastha Medical, and Waaree Energies as top stock picks for Thursday.