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The Reserve Bank of India has permitted money market participants to pledge municipal bonds in repo transactions, aiming to deepen the bond market and enhance liquidity. Unlisted firms holding government securities can also participate. Municipal bonds will carry a 2% minimum haircut, with total outstanding debt at Rs 3,358 crore.

Biocon Group reported a strong Q2 FY26 with a 20% year-on-year increase in operating revenue to Rs 4,296 crore, driven by biosimilars and generics. Net profit surged 428% to Rs 85 crore, boosted by debt settlement and strategic partnerships for affordable insulin access in the US. The company also inaugurated its first US OSD manufacturing facility and commenced Semaglutide filings.

BLS International reported Rs 737 crore in Q2 FY26 revenue, up 49% YoY, and Rs 186 crore profit, up 27%. It secured key contracts from UIDAI and India’s MEA, expanding operations globally.

Exit polls project a decisive NDA victory in Bihar, with BJP-JD(U) leading and Congress-RJD trailing. Analysts expect muted market reaction as results align with expectations, signaling policy stability and continuity ahead.

ESAF Small Finance Bank reported a Rs 116 crore net loss in Q2, an improvement from the previous year s Rs 190 crore loss, marking its fifth consecutive quarterly deficit. The bank s gross non-performing assets rose to 8.54%, despite lower provisions. Income from operations also declined.

The S&P 500 and the Nasdaq opened lower on Tuesday with concerns around elevated technology valuations resurfacing, while markets monitored progress toward the end of the longest government shutdown in U.S. history.

Nifty closed higher after a three-day fall, supported by IT and pharma gains but faced resistance near 25,650. Analysts see near-term consolidation. Experts recommend Indian Metals, Lumax Auto, Nykaa, BHEL, and SAIL for potential upside.

Welspun Enterprises on Tuesday said it has posted a 59 per cent rise in consolidated net profit at Rs 98.08 crore in September quarter of FY26, aided by reduced expenses, and the company looks to raise Rs 1,000 crore to fund growth.

NSE’s electricity futures are emerging as a benchmark for power price discovery, with close alignment to physical market rates, enhancing transparency, efficiency, and integration in India’s evolving energy market.

BSE Q2 Results: BSE reported a significant 61% year-on-year growth in its consolidated Q2 net profit, reaching Rs 558 crore. Revenue from operations also surged by 44% to Rs 1,068 crore. Sequentially, the company saw a 3.5% increase in profit and a 12% rise in topline.