_Markets open today · RBI MPC verdict due tomorrow (7 Oct, 10 am)_
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📊 *ECONOMY & POLICY*
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🏦 *SEBI set to tweak closing auction rules*
NDTV Profit sources say SEBI will issue a circular addressing stakeholder concerns on the Closing Auction Session (CAS), live since 3 Aug. Its 12 Sept paper floated a blended VWAP settlement price or keeping VWAP-only for at least a year; comments closed 3 Oct.
Expiry-day option pricing and index-close divergences are the pain points, so a change would directly affect F&O traders and exchange systems.
📎 _Read: NDTV Profit_
🏦 *New bilateral investment treaty template nears Cabinet nod*
FM Sitharaman said the new template, built over 1.5 years, fixes gaps in the 2016 model, including its five-year domestic-remedies requirement. Talks continue with Canada and Russia, and she expects at least three more agreements by December.
A sharper investor-protection regime should help FDI inflows, though she said the India-US trade deal is still unfinalised.
📎 _Read: Business Standard (PTI)_
🤝 *India-Canada begin fifth CEPA round in Ottawa*
Talks run 5-9 Oct with both sides targeting a deal by end-2026. Canada wants a locked tariff schedule for pulses and potash, while India seeks services and visa access.
Pulses and fertiliser import terms and IT-services mobility are the swing items for the pact.
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🏢 *COMPANIES*
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💰 *Jio Platforms eyes 21 Oct launch for $3.8 bn IPO*
Reuters sources say India’s biggest listing opens 21 Oct and lists 28 Oct, beating Hyundai India’s $2.9 bn. It is a fresh issue, with about Rs 27,500 cr earmarked to repay Reliance Jio Infocomm debt.
A Jio-sized allocation could squeeze liquidity for the roughly $48 bn IPO pipeline, while deleveraging helps the Reliance group.
📎 _Read: Business Standard (Reuters)_
📈 *HDFC Bank deposits outpace loans in Q2*
Period-end deposits rose 18.8% to Rs 33.28 lakh cr and gross advances 16.3% to Rs 32.20 lakh cr. The bank also used RBI’s FCNR(B) swap window and USD bonds.
Faster deposit growth eases the post-merger CD ratio, but a term-deposit-heavy mix is a margin watch.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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📉 *Cooler US jobs data trims Fed hike bets*
Weaker-than-expected payrolls reduced expectations of faster tightening after the Fed’s 25 bps September hike.
Lower October hike odds eased pressure on the dollar and on FPI flows into India.
📎 _Read: Business Standard_
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