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The Week’s Markets,
Explained.

What moved Indian markets, and why it matters to someone who does not own a single share yet. Every piece of jargon links to its definition.

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58 articles
A server room aisle
₹30,000 crore.
What you buy.
India / IPO

Jio’s ₹30,000 crore IPO: what you’re actually buying

At about ₹30,000 crore, the Jio Platforms IPO would be the largest in Indian history, ahead of Hyundai Motor India’s ₹27,870 crore in 2024. It opened on October 21, in the middle of a falling market, a rate hike and a rupee near record lows. Here is what a buyer is actually getting.

Oct 22, 2026 · 6 min readRead
Indian rupee banknotes, close up
96 → 95.
The defence.
Currency

The rupee at 96, the RBI’s special window, and a week that finally went right

On October 6, the rupee fell to 96.43 per dollar, within touching distance of May’s record low of 96.97. Ten days later it closed at 94.96, after its strongest weekly performance in seven months. In between, the RBI threw almost everything it had at the problem.

Oct 17, 2026 · 5 min readRead
A candlestick chart of market prices
New low.
Now what?
Markets

Nifty breaks its annual low. What kind of fall is this?

On October 9, the Nifty 50 touched 22,179.90 in intraday trade, breaking below its low for the year. Every sectoral index ended lower, led by metals and real estate. The index is now about 15% below its record high, and investors are asking what kind of fall this is.

Oct 14, 2026 · 5 min readRead
A vegetable seller at an Indian market
Onions
+108%.
Inflation

Inflation at 5.54%: onions up 108%, and the restaurant bill up 9%

A year ago, Indian inflation was at a record low. In September 2026, it was 5.54%, the highest of the year and the fourth straight month above the RBI’s target. The single most dramatic number in the release was onions, up 108% on a year earlier.

Oct 13, 2026 · 5 min readRead
A city of apartment buildings
The first hike
since 2023.
RBI Watch

The RBI raised rates for the first time since 2023. Here’s why

For ten months, the RBI held its repo rate at 5.25% and argued that inflation came from supply shocks it could not fix. On October 7 it changed its mind. The Monetary Policy Committee voted unanimously to raise the rate to 5.50%, the first increase since February 2023.

Oct 8, 2026 · 6 min readRead
A monitor displaying a market graph
What moved
the money.
Monthly Roundup

What moved the money: September 2026

September was the month the good news of the summer ran out. The market had its steepest monthly fall since March, foreign money left again and oil climbed back toward $100. The RBI meets next week, and the mood has changed.

Oct 2, 2026 · 6 min readRead
A seedling growing out of cracked earth
15% less rain.
Your plate.
Agriculture / Weather

The driest monsoon since 2009? What a 15% rain deficit does to your plate

In May, the IMD forecast a monsoon about 10% below normal. By mid-September, the shortfall was closer to 15%. If it holds, this will be India’s weakest monsoon since 2009, and the effects will show up in prices well into next year.

Sep 18, 2026 · 5 min readRead
An aerial view of a highway and city
7.8%.
In a war year.
GDP

7.8% growth in a war year: reading the Q1 surprise

Between April and June, oil spent weeks above $100, the rupee hit a record low and India faced a gas shortage. GDP grew 7.8% anyway, the fastest pace in a year and well above forecasts. The breakdown explains how.

Sep 1, 2026 · 5 min readRead
The classical columns of a bank building
Hold.
Fifth time.
RBI Watch

RBI holds for a fifth time, and warns inflation could hit 5.9%

On August 5, the RBI did what it has done at every meeting this year: it held the repo rate at 5.25%. But the details told a more worried story. Inflation is expected to peak near 5.9% between October and December.

Aug 6, 2026 · 5 min readRead
A busy container port with cranes
What moved
the money.
Monthly Roundup

What moved the money: July 2026

July was a month of reversals. A ceasefire ended, a tariff ended and restarted under another name, and foreign investors who had spent half a year selling Indian shares briefly turned buyers. Here is what mattered.

Aug 3, 2026 · 6 min readRead
Rows of multicoloured intermodal containers
Expired.
Replaced.
Trade / Tariffs

America’s 10% tariff expired today. A new one replaced it.

In February, after the Supreme Court struck down most of its tariffs, the US imposed a temporary 10% global tariff that could last no more than 150 days. Today, July 24, those 150 days ran out. A new tariff, under a different law, took its place.

Jul 24, 2026 · 5 min readRead
A naval ship at sea
“Over.”
Oil +7%.
Energy / Geopolitics

The ceasefire is “over”: how one sentence moved oil 7%

Oil had spent late June at its lowest price since February. On July 8, after three commercial vessels were attacked in the Strait of Hormuz and the US responded with strikes, President Trump said the ceasefire with Iran was over. Brent rose as much as 7% before most of India had finished breakfast.

Jul 9, 2026 · 4 min readRead
Stuck on a word? Every term in these pieces lives in the glossary.