Data as of 15 Oct 2026
Thursday, 15 October 2026 · Morning edition · Covering Wednesday's session, the US close & Asia this morning
Scope note: some figures below could not be confirmed against a primary filing before publication (flagged inline). LME copper & aluminium official prices for Wednesday were not yet posted, so the snapshot shows Tuesday's official prices for those two metals.
| Item | Level | Move | Note |
|---|---|---|---|
| Brent crude (Dec, settle Wed) | $106.06/bbl | +$0.37 | About $104.2 in Asia this morning, down ~1.7% |
| WTI crude (Nov, settle Wed) | $95.09/bbl | +$0.95 | Near $93.7 this morning |
| Gold (London fix, Wed) | $4,142.10/oz | -$40.35 | Fell after hot US CPI; futures up ~1.2% this morning |
| Silver (COMEX Dec, Wed) | ~$55.9/oz | ~-6.1% | Three-month low; derived from the day's change |
| LME copper (cash, Tue official) | $14,741/t | n.a. | Wednesday official not yet posted; LME down ~0.4% Wed |
| LME aluminium (cash, Tue official) | $3,036/t | n.a. | Wednesday official not yet posted |
| US 10-year Treasury | 5.20% | -2bp | About 5.14% in Asia this morning |
| India 10-year G-sec | 7.40% | +3bp | From 7.37%, tracking crude |
| USD/INR | 95.16 | Rupee +0.13% | Third straight gain; touched 94.75 intraday |
| India WPI inflation (Sep) | 11.39% | from 9.92% | Fuel & power 25.85%; poll was ~10.2% |
| US CPI (Sep, YoY) | 3.7% | from 3.4% | Core 2.6% from 2.4%; consensus 3.6% |
Two things set the tone this morning. First, US inflation came in hotter than expected (3.7% in September against 3.4% in August), & that revived talk of another Federal Reserve rate hike at the October 27-28 meeting. Wall Street fell, the S&P 500 by 1.11% & the Nasdaq by 1.88%, & Asia is falling much harder this morning, with Korea's KOSPI down around 7% & Japan's Nikkei down over 4% in early trade on a chip-stock sell-off. GIFT Nifty points to a weak open, around 46 points lower at 22,603.5 as of 8:20 AM.
Second, India's own inflation problem is now sitting in the wholesale numbers. Wholesale price inflation jumped to 11.39% in September from 9.92%, well above the ~10.2% that economists expected, with fuel & power prices up 25.85% in a year. When wholesale prices rise roughly twice as fast as retail prices (CPI was 5.54% in September), companies are absorbing costs they have not yet passed on, & that gap usually shows up in margins first.
On the corporate side, the biggest news is structural: the Cabinet has picked Fairfax as the buyer for 60.72% of IDBI Bank for Rs. 52,878 crore. Results season also delivered two quarters that each earned roughly half or more of a full year's profit (BHEL & MRPL), & Aegis Logistics agreed to buy a Dubai fuel-logistics business that is bigger than itself by revenue.
Indian markets ended Wednesday lower: the Nifty fell 0.44% to 22,622.70 & the Sensex 0.34% to 72,781.89. The rupee held up better, closing at 95.16 per dollar on Reserve Bank of India (RBI) support, while the 10-year government bond yield rose to 7.40%.
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