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Vol. I · No. 18Monday, 12 October 2026 · Evening editionPrinted 5:07 PM IST

Frosty’s Ledger

All the news that’s free to read

‹ Previous edition20 publishers · 2,252 stories read · 88 printedAll editions
MarketsTap for chartsNifty 5022,363.35▼ 0.70%Sensex71,924.68▼ 0.76%Bank Nifty54,918.00▼ 0.61%USD/INR₹95.76▼ 1.10%Brent$105.98▲ 1.20%Gold$4,196▼ 0.48%S&P 5007,811.54▲ 0.59%US 10Y5.24%▲ 1 bp

Markets

Mutual fund SIP inflows hit record ₹32,490 crore in September; equity inflows rise 31%

Mutual fund SIP inflows hit a record ₹32,490 crore in September, while equity mutual fund inflows rose 30.6% month-on-month. However, debt fund withdrawals led to net outflows of ₹1.33 lakh crore for the industry during the month.

Mint·BS·BusinessLine·Fin. Express·Moneycontrol5 papers

Markets

Banks seek RBI relief, clarity on India's latest rupee-defence measures

Lenders have approached ‌RBI via a forex industry body, seeking the removal of a mandate that banks make a 20% cash deposit with the RBI for FX derivatives used to hedge current-account exposures…

BS·BusinessLine·Reuters·ET4 papers

Markets

Bonfiglioli Transmissions announces Rs 2,534-cr IPO; price band set at Rs 558-586/sh

Bonfiglioli Transmissions Ltd has set the IPO price band between Rs 558 and Rs 586. The subscription window will open from October 15 to October 19, with anchor investors allowed to bid a day prior on October 14.

ET·BusinessLine·Moneycontrol3 papers

The Week Ahead

Times in IST
  1. Today12OctIndia inflation (CPI)September figures · 4 PM ISTIN
  2. Wed14OctIndia wholesale prices (WPI)September figures · 12 noon ISTIN
  3. Wed14OctUS inflation (CPI)September figures · 6:00 PM ISTUS

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Derivatives

Futures, options & F&O

In the newsBanks seek RBI relief, clarity on India's latest rupee-defence measures

Futures lock in a price today for a trade later; options give the right but not the obligation. SEBI studies found about 9 in 10 individual F&O traders lose money.

Exam anglePut–call parity: S + P = C + PV(X). A long call plus a short put at the same strike behaves like a long forward.

Equity Investments

IPOs & the grey market

In the newsBonfiglioli Transmissions announces Rs 2,534-cr IPO; price band set at Rs 558-586/sh

An IPO is a company's first sale of shares to the public. The grey-market premium is an unofficial pre-listing price signal, not a promise of listing gains.

Exam anglePrimary market: the company raises new capital. Secondary market: investors trade existing shares and the company receives nothing.

CA · ICAI

CA Final · Financial Reporting

Goodwill in business combinations

In the newsAmazon in talks to acquire AI startup Decart for around $7 billion

When one company buys another, it books the target's assets and liabilities at fair value. Whatever it paid above that becomes goodwill on its balance sheet.

Exam angleInd AS 103: goodwill is not amortised but tested for impairment every year (Ind AS 36). A bargain purchase gain goes to OCI and capital reserve under the Indian carve-out.

CA Final · Advanced Financial Management

Hedging currency risk

In the newsRupee opens over 1% higher at 95.73 on RBI measures to curb dollar demand

Exporters and importers use forward contracts to lock in today the exchange rate they'll get when the payment actually arrives.

Exam angleForward rate by interest rate parity (direct quote): F = S × (1 + r_home) ÷ (1 + r_foreign). An exporter hedges by selling dollars forward.

CA Inter · Corporate & Other Laws

Boards & independent directors

In the newsEmcure Pharma up over 3% as board approves merger of two subsidiaries

The board is accountable to shareholders for running the company. Independent directors are meant to protect minority shareholders when management and promoters disagree with them.

Exam angleSection 149 of the Companies Act: listed public companies need at least one-third independent directors on their board.

Markets

17 stories

Rupee opens over 1% higher at 95.73 on RBI measures to curb dollar demand

The rupee opened at 95.73 against the greenback today compared with Friday's close of 96.76. As of 9.14 AM, it was trading at 95.76, according to Bloomberg data.

BS·Fin. Express·Moneycontrol3 papers

Adani Green Energy shares up 16% in 6 months, Jefferies sees 35% more upside in Gautam Adani-owned stock | Target price

Jefferies India report says, Adani Green’s (AGEL) stock price has corrected 22% from its peak and now trades at 20x 1Y forward EBITDA, which appears attractive given its 30% FY26-30E EBITDA CAGR…

Mint·ET

Stock Market Close: Sensex sheds 548 pts, Nifty ends at 22,363; FMCG, PSU Bank indices underperform

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.08 per cent and 1.42 per cent, respectively…

BS·NDTV Profit

Economy & Policy

17 stories

Companies & Deals

17 stories

World

15 stories

Stocks to Watch

US Stock market on Columbus day predictions: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye tricky Monday on Indigenous Peoples' Day. Nvidia, Apple, Micron, AMD, Tesla other stocks to watch out today

Stock market on Columbus day: Earnings season begins on Tuesday, with major US banks including Wells Fargo, Goldman Sachs, Citigroup and JPMorgan Chase scheduled to report first.

ET

Technology

11 stories

Opinion

3 stories

Insights

Long reads from McKinsey, BCG, Bain & HBR

Subscriber Desk

Behind a paywall — headline and summary only

The Wall Street Journal

Financial Times

Bloomberg

The Economist

The New York Times

MarketWatch

Premium stories from other papers

Markets · daily closes

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