FIRE & LARGE PLUME OF SMOKE REPORTED NEAR ARAMCO FACILITY IN RIYADH;

NO IMMEDIATE CONFIRMATION FROM SAUDI AUTHORITIES OR ARAMCO

U.S. TREASURY SECRETARY BESSENT SAYS ON ELON MUSK THAT 'I AM A HUGE ELON FAN' AND WAS 'VERY SUPPORTIVE' OF WHAT HE WAS TRYING TO DO WITH GOVERNMENT, LIKENING THEM TO 'A SPORTS TEAM' THAT 'CAN HAVE AN ARGUMENT IN THE LOCKER ROOM, BUT YOU GO OUT IN THE FIELD TOGETHER', CALLING HIM 'AMAZING' AND NOTING 'HE'S TAKING US TO MARS'. - AXIOS

U.S. TREASURY SECRETARY BESSENT SAYS ON IRAN THAT 'FOR THE FIRST TIME IN HISTORY, SINCE THEY STARTED PUMPING OIL, THEY WILL HAVE NO OIL ON THE WATER THIS WEEK', ADDING 'THEY WILL HAVE NO REVENUES' - AXIOS

JUST IN: President Trump says "i never get tired — if I got tired, it would be a big story, I can tell you that"

Trump: ‘If the Republicans win,’ each of you will have $5,000

Trump: ‘We’re winning too much’

JUST IN: President Trump says administration will send "nearly $100" checks to over 20M seniors to help cover Medicare Part B premiums

MUMBAI AIRPORT T1 REDEVELOPMENT

ADANI AIRPORTS SAYS

91% of Mumbai airport passenger traffic to remain unaffected; only 5 mn of 55 55 mppa to be temporarily deoperationalised

T1 redevelopment to be phased; work to begin in January 2027

Airlines given option to temporarily shift operations to Navi Mumbai

Navi Mumbai airport has capacity & infrastructure to handle additional traffic

Navi Mumbai airport offers 100% landing fee discount for new international flights

Cash vouchers planned for international passengers to offset UDF difference

T1 closure & phased demolition can no longer be deferred due to safety concerns

Extensive consultations with airlines on T1 underway since 2020

T1 redevelopment plan presented to AERA & incorporated into approved tariff framework

Kim Jong Un directs missile test as North Korea showcases military capability: KCNA

HDFC Bank Ltd : SEPTEMBER 2026 QUARTER BUSINESS UPDATE

• Average advances under management grew 14.0% YoY to ₹3,187,200 Cr

• Period end gross advances reached ₹3,21,950 Cr, a 16.3% YoY increase

• Average deposits grew 16.8% YoY to ₹3,16,650 Cr

• Period end deposits stood at ₹3,32,750 Cr, up 18.8% YoY

• Mobilised foreign currency deposits totaling USD 11.5 billion (₹1,10,340 Cr) via RBI swap facility

• Issued USD 2.5 billion (₹23,960 Cr) of USD denominated senior unsecured bonds during June–August 2026

🏦 HDFC Bank – Q2 FY27 Business Update

• Advances Under Management: ₹33,075 Bn | YoY +15.3%

• Gross Advances: ₹32,195 Bn | YoY +16.3%

• Deposits: ₹33,275 Bn | YoY +18.8%

• CASA Deposits: ₹10,520 Bn | YoY +10.8%

• Time Deposits: ₹22,755 Bn | YoY +22.8%

• Avg Advances Under Management: ₹31,872 Bn | YoY +14.0%

• Avg Deposits: ₹31,664 Bn | YoY +16.8%

• Avg CASA: ₹9,712 Bn | YoY +10.7%

• Avg Time Deposits: ₹21,952 Bn | YoY +19.7%

💵 FCNR(B) Deposits: USD 11.5 Bn

• Loans against FCNR(B): USD 5.7 Bn

• Standby LC: USD 3.1 Bn

• USD-denominated Bonds issued during Jun–Aug 2026: USD 2.5 Bn

Q2 FY27 figures as of 30 Sep 2026; subject to limited review by statutory auditors.

OPEC+ MAKES NO CHANGE TO OIL OUTPUT QUOTAS FOR NOVEMBER AT SUNDAY MEETING

Israeli airstrike on the town of Haddatha in the Bint Jbeil district of southern Lebanon

Israeli army: Today in an airstrike on Khan Younis, we killed a member of Hamas' elite unit.

Iran oil minister steps down: state media

𝗛𝗦𝗕𝗖 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,270

• Timely capital raise is positive

• Fundraise approval supports Tier 1 CAR

• Capital infusion: 2% EPS dilution

• 7.6% book value per share accretion

• AUM growth expected to offset dilution over medium term

𝗖𝗜𝗧𝗜 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,300

• AUM growth comfortably exceeds guided band

• FY27 growth guidance upgrade increasingly likely

• Cost ratios expected to improve further

𝗝𝗣𝗠𝗢𝗥𝗚𝗔𝗡 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Overweight

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,310

𝗘𝗮𝗿𝗹𝗶𝗲𝗿 𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,295

• Strong Q2 delivery likely to drive growth

• Customer acquisition guidance upgraded

• Meaningful upgrades to management guidance likely

• NIM outlook remains in focus

𝗝𝗘𝗙𝗙𝗘𝗥𝗜𝗘𝗦 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,280

• AUM growth accelerates to 26% YoY

• New loan growth slowed due to festive season

• Remains among top picks

𝗛𝗦𝗕𝗖 𝗚𝗟𝗢𝗕𝗔𝗟 𝗢𝗡 𝗕𝗔𝗝𝗔𝗝 𝗙𝗜𝗡𝗔𝗡𝗖𝗘

𝗥𝗮𝘁𝗶𝗻𝗴: Buy

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,270

• Approves ₹17,500 Cr capital raise

• Capital raise includes ₹11,700 Cr QIP

• Capital raise to ease upcoming leadership transition

• Among least dilutive capital raises in Indian financials

• Shareholder dilution estimated at ~3%

𝗠𝗢𝗥𝗚𝗔𝗡 𝗦𝗧𝗔𝗡𝗟𝗘𝗬 𝗢𝗡 𝗛𝗗𝗙𝗖 𝗕𝗔𝗡𝗞

𝗥𝗮𝘁𝗶𝗻𝗴: Overweight

𝗧𝗮𝗿𝗴𝗲𝘁: ₹1,025

• RBI approves Anup Bagchi as HDFC Bank MD & CEO for 3-year term

• CEO succession issue had been an overhang on stock

• Announcement reduces uncertainty

• Stock has underperformed Bankex by 19 percentage points YTD