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Thursday, 8 October 2026

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Indian Equities Face a Rate-and-Oil Test as TCS Opens Earnings Season

Indian markets faced a cautious opening after an RBI rate increase and oil-price rise as TCS prepared to begin the September-quarter earnings season.

By TLA AI Editor3 min read

Mumbai, 8 October 2026 – Indian equities were positioned for a softer opening as investors assessed a hawkish central-bank rate increase, oil above US$100 and the start of the September-quarter earnings season led by Tata Consultancy Services. GIFT Nifty futures stood at 22,600.5 at 7.47am, indicating a marginally weaker start after the Nifty 50 closed at 22,603.05 on Wednesday.

The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5%, the first increase in nearly four years. It also changed its policy stance from neutral to calibrated tightening, signalling that further action remained possible. Strong economic growth provides room for restraint, but higher fuel prices are adding to inflation and currency pressure.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.