Indian equity markets reversed their two-session recovery on October 7 after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50% and shifted its monetary policy stance to “calibrated tightening.” The Nifty 50 declined 173.05 points, or 0.76%, to 22,603.05, while the Sensex fell 429.11 points, or 0.59%, to 72,638.70. The RBI’s first rate hike since February 2023, along with elevated crude oil prices, global bond yields and geopolitical concerns, weighed on sentiment. The central bank also raised its FY27 GDP growth forecast to 7.1% while increasing its inflation projection to 5.2%, leaving investors focused on the impact of tighter monetary conditions on growth and corporate earnings.
FII/DII Activity
| Investor | Gross Purchase | Gross Sales | Net |
|---|---|---|---|
| FII/FPI | ₹12,577.96 crore | ₹18,699.33 crore | -₹6,121.37 crore |
| DII | ₹18,707.03 crore | ₹14,110.46 crore | +₹4,596.57 crore |
Foreign institutional investors remained heavy sellers on October 7, while domestic institutional investors continued to provide support. FII selling of more than ₹6,100 crore was the second-largest daily outflow of October so far, highlighting the continuing pressure from overseas investors.
Stocks to Watch Today
| Stock | Why It Is in Focus |
|---|---|
| TCS | Q2 FY27 results and second interim dividend decision |
| Senco Gold | Q2 revenue rises 31%; strong festive demand |
| Jubilant FoodWorks | Q2 revenue rises 11.9%; Domino’s India expands |
| Tata Power | Floating solar technology partnership with Ocean Sun |
| Dixon Technologies | New JV with Gemtek Technology |
| PC Jeweller | Q2 revenue rises 28% and company becomes debt-free |
| Fino Payments Bank | September loan disbursals rise 223% |
| Ola Electric Mobility | ₹1,000 crore rights issue approved |
| Vedanta | Board meeting to consider first interim dividend |
| HCL Technologies | New South Africa headquarters and AI centre |
TCS
Tata Consultancy Services is the biggest earnings-related stock in focus today as the IT major is scheduled to announce its September-quarter results. Investors will closely monitor sequential revenue growth, operating margins, BFSI demand, large deal wins and the company’s commentary on artificial intelligence-led spending. The board is also expected to consider a second interim dividend. The results will provide one of the first major indicators of corporate technology spending during the current earnings season.
Senco Gold
Senco Gold reported a 31% year-on-year increase in Q2 FY27 revenue, supported by strong retail demand. Retail revenue grew 29%, while same-store sales growth stood at 19%. The company also reported its highest-ever first-half topline of more than ₹5,000 crore. Management expects the festive and wedding seasons to support demand in the second half of the financial year, making store productivity and consumer demand important factors to track.
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Jubilant FoodWorks
Jubilant FoodWorks reported consolidated Q2 revenue growth of 11.9% to around ₹2,609 crore. Domino’s India recorded 4.1% like-for-like sales growth, while the company added 88 Domino’s stores in India during the quarter. The total network increased to 3,820 stores across the company’s operations. Investors will watch whether the store expansion and festive-period demand can support growth while the company continues to manage consumption costs and competitive intensity.
Tata Power
Tata Power has partnered with Norway-based Ocean Sun to test membrane-based floating solar technology in India. The companies will conduct a 300 kWp pilot project at Mulshi reservoir in Maharashtra. The initiative adds another technology area to Tata Power’s renewable-energy portfolio and could have longer-term relevance for floating solar deployment in India, particularly where land availability is a constraint for conventional solar projects.
Dixon Technologies
Dixon Technologies has entered into a joint venture agreement with Taiwan-based Gemtek Technology. Dixon will hold 60% of the proposed venture, while Gemtek will hold 40%. The JV will manufacture and supply optical transceivers, including SFP and BOSA products, along with other telecom products in India. The development expands Dixon’s electronics manufacturing opportunity beyond its existing product categories and could strengthen its position in telecom and networking hardware.
PC Jeweller
PC Jeweller reported approximately 28% year-on-year growth in consolidated Q2 revenue and said it has become completely debt-free. The company also received around ₹142 crore from outstanding export receivables during the quarter. The combination of higher revenue, improved balance-sheet positioning and the release of receivables makes the latest business update significant as the company enters the festive and wedding demand period.
Also Read: Stocks to Watch Today: October 7, 2026
Fino Payments Bank
Fino Payments Bank reported a sharp increase in loan activity during September. Loan referral disbursals rose 223% year-on-year to ₹278 crore, while renewal income increased 20% during Q2. Average total deposits also grew 13% year-on-year, although transaction throughput remained under pressure. Investors will watch whether the strong growth in lending-related activity can translate into sustained improvement in the company’s overall financial performance.
Ola Electric Mobility
Ola Electric’s board has approved a ₹1,000 crore rights issue at ₹27 per share. The company plans to issue approximately 37.03 crore rights equity shares, with the record date set for October 13. The fundraising is important for Ola Electric because additional capital can support its operations, product development and expansion plans, while the issue price and capital structure will remain key factors for shareholders to monitor.
Vedanta
Vedanta will remain in focus as its board is scheduled to meet on October 8 to consider and approve the first interim dividend for FY27, if any. Dividend announcements have historically been an important corporate-action trigger for the company, particularly given its capital-allocation strategy and focus on returning cash to shareholders. Investors will watch the board’s decision and the amount, if declared.
HCL Technologies
HCL Technologies has expanded its presence in South Africa with a new regional headquarters in Johannesburg’s Sandton business district. The facility also includes an AI Centre of Excellence, highlighting the company’s focus on artificial intelligence capabilities alongside its international expansion. HCLTech’s AI investments, large technology contracts and demand from global clients will remain important themes as the IT sector enters the September-quarter earnings season.
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The RBI’s shift toward calibrated tightening is now an important backdrop for the market, particularly for rate-sensitive sectors. At the same time, the September-quarter earnings season is beginning with TCS, while consumer companies such as Senco Gold and Jubilant FoodWorks are providing early signals on festive demand. Corporate actions including Vedanta’s potential dividend and Ola Electric’s rights issue will also keep individual stocks active. With foreign selling remaining elevated, investors are likely to watch both earnings developments and global market cues closely.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. Onetrader is not a SEBI-registered investment adviser. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
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