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Sensex Jumps 1,534 Points, Nifty Surges on Banking, IT, Reliance Boost
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
18-carat gold prices to be standardised across jewellery outlets in Keralam
The move aims to eliminate price variations, align 18-carat pricing with the same proportional method used for 22-carat gold, and bring transparency
Indias gold imports fall 27% to $19.27 billion in AprilSeptember 2026
Higher import costs and efforts to curb precious metal purchases coincide with a sharp fall in gold imports during the first half
Automakers Flag Tight BS-VII Emission Deadline
The proposal caught auto makers by surprise.
Jio's upcoming IPO will surpass previous records, signaling a remarkable development in Reliance Industries' history. Uday Kotak reflects on the past influence of Dhirubhai Ambani's public offerings from decades ago. The offering will represent a crucial advancement in India's digital transformation and consumer access to data. Reliance's focus is shifting towards digital services and new-age business models as it continues to dominate the market.
Wipro Q2: Profit down marginally, revenue up 9%
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
Wipro Q2 Results: Net profit declines marginally to Rs 3,201 crore, but revenue rises 9% YoY
Wipro Q2 Results: Wipro reported a 1.4% year-on-year decline in Q2FY27 net profit to Rs 3,201 crore, while revenue rose 9.1% to Rs 24,752.7 crore. IT services revenue increased 0.3% to $2,611.5 million, while operating margin expanded 0.5 percentage points sequentially to 16.5%. The company expects IT services revenue to decline up to 1.5% or grow 0.5% sequentially in Q3FY27.
Ace investor Sunil Singhania adds 6 new stocks in Q2; likely exits two companies after 150% rally
Sunil Singhanias Abakkus funds added six stocks, including Aether Industries, BEML and Paramount Communications, amid market volatility and foreign investor outflows. The funds likely exited Cyient DLM and TTK Healthcare, trimmed other holdings, as Abakkus filed its IPO papers.
CII Paper: India's Media Sector Needs 15% Growth For $100 Billion Target
A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.
RPG Enterprises Chairman Harsh Goenka shared a hypothetical thought experiment on X regarding Tata Sons. He noted that selling Tata Sons' Rs 11.68 lakh crore listed equity portfolio and reinvesting in 6-7% safe yield instruments could generate up to Rs 82,000 crore annually for philanthropy, compared to its current Rs 4,475 crore dividend.
October 13 or 14? What was the deadline to buy RIL shares for Jio IPO reservation?
Reliance Industries shareholders had to buy shares by October 13 to qualify for Jio Platforms Rs 2,500 crore shareholder quota. The IPO opens October 21, with shares priced at Rs 1,065-1,119 and listing expected October 28.
Tata Communications Q2 results: Net profit jumps 86% YoY to Rs 341 crore; revenue rises 10%
Tata Communications reported an 86.3% year-on-year jump in consolidated net profit to Rs 341 crore in Q2FY27, while revenue rose 9.6% to Rs 6,688 crore. EBITDA increased 21.1% to Rs 1,422 crore, reflecting improved operating performance.
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
Net Direct Tax Collection Up 13.21% to Rs 13.38 Lakh Crore
India's net direct tax collection witnessed a robust 13.21 per cent increase, reaching approximately Rs 13.38 lakh crore between April 1 and October 14, primarily fuelled by a strong performance in corporate tax mop-up.
Yes Bank shares nosedive 20% after SC declares Rs 8,415 crore AT-1 bond write-off illegal
In a pivotal decision, India's Supreme Court declared that the write-off of Yes Bank's 84 billion rupee AT-1 bonds is unlawful, causing a steep decline in Yes Bank shares. The ruling offers solace to bondholders, who successfully argued that their investments were misrepresented. This landmark decision raises critical questions about regulatory practices and bondholder rights, potentially reshaping market attitudes toward similar financial instruments.
Wall Street banks' bond trading revenue hit by market volatility, equities shine
Amidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income trading revenues, as Treasury yields surged to multi-decade highs. This substantial decline resulted in reduced client activity within the fixed-income sector. Conversely, firms like Goldman Sachs and Morgan Stanley thrived, reporting notable growth in equities trading revenue, showcasing the stark contrast in performance amid fluctuating market dynamics.
IDBI Banks proposed stake sale to Fairfax has raised questions for depositors, FD holders and employees. What could the ownership transition mean for existing deposits, interest rates, banking charges and job security? Here is what experts say.
In freefall! Yes Bank crashes 20% after SC ruling on AT-1 bond write-off
The dispute stems from the RBI-led reconstruction plan for Yes Bank in March 2020, under which AT1 bonds worth more than 8,300 crore were written down.
CAS review: BSE, Groww rally 3% as Sebi panel likely backs VWAP method
VWAP is a concept that gives the average price a security has traded at throughout the day based on both volume and price.
Canadian billionaire and Asian banking titans find 1.32 lakh crore worth of interest in India
In recent months, foreign investment in Indias financial sector has grown significantly, resulting in major acquisitions. Fairfax Financial Holdings secured a large stake in IDBI Bank, while Mitsubishi UFJ Financial Group poured resources into Shriram Finance. Additionally, Emirates NBD established a notable presence in RBL Bank. Such initiatives promise to alter the competitive dynamics and improve service capabilities in the Indian banking sector.
Mutual fund investments in September: Which sectors are gaining the most?
Mutual funds increased exposure to Healthcare, Metals, Private Banks and other sectors in September, while trimming weights in Technology, Automobiles and PSU Banks. Motilal Oswal's report also highlights sector-wise changes in portfolio values and mutual fund ownership relative to the BSE 200.
Orient Electric Q2 profit jumps two-fold to Rs 27 crore, revenue rises 25% YoY
Orient Electric Ltd has revealed a remarkable increase in net profit, soaring to Rs 27.06 crore in Q2 FY27, marking a more than two-fold jump from Rs 12.06 crore in the same quarter of the previous year. Additionally, the company reported a 25.15 percent growth in revenue from operations, totaling Rs 879.34 crore, with Electrical Consumer Durables revenue up by 24.85 percent to Rs 550.5 crore.
Aeroflex Industries tanks 11% on huge volume; down 17% in 2 days
Thus far in the calendar year 2026, Aeroflex Industries stock outperformed the market by zooming 169%, as compared to a 13% fall in the BSE Sensex.
India's Exports Up 23% in September, Trade Deficit Narrows
India's exports saw a significant 23 per cent increase, reaching USD 44.4 billion in September, while the trade deficit narrowed to USD 30.21 billion, according to recent government data.
IDBI Bank stake sale to push divestment to 8-year high, exceed FY27 target
The total stake sale approved in IDBI Bank to Canada-based Fairfax Holdings is 52,878 crore, with Life Insurance Corporation of India (LIC) and the government selling a combined 60.72 per cent stake
Sky Gold surges 26% in October; stock up over 3-fold thus far in FY27
Sky Gold and Diamonds' share price hit a new high of 1,021.95, surging 6% on the BSE in Thursday's intraday trade.
Nifty 50 Warning: Just 10 Stocks Above 200-DMA
The 200-DMA is a closely watched indicator of a stock's long-term trend and can serve as an early warning of trouble.
Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India deal
Fairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5.56 billion) deal for a 60.7% stake in the lender. The proposed restructuring would bring together banking, insurance, investment banking and wealth management, subject to regulatory approvals.
Tonbo Imaging IPO fully subscribed on day 1; here's what brokerages suggest
Tonbo Imaging India IPO bidding opened for subscription on Oct 15, 2026 and will close on Oct 19.
Indian Bank, South Indian Bank gain up to 5% from day's low post Q2 results
Indian Bank reported a near 15% YoY growth in net profit, while Uco Bank and South Indian Bank posted 26.8% and 21.3% profit growth in Q2FY27.
Supreme Court upholds Bombay HC ruling quashing YES Bank's Rs 8,415 crore AT1 bond write-off
The Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore, part of a March 2020 restructuring plan. Investors, both institutional and retail, took their grievances to the High Court, leading to YES Bank, the RBI, and the Centre appealing this outcome. This ruling now grants bondholders a pathway to recover their investments that were previously at risk.
Canada's Warren Buffett bets his billions on India. What does he see?
Prem Watsas Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking Indias largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet.
Swiggy and Groww among top 5 midcap stocks that saw highest mutual fund buying in September
Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral, and PB Fintech emerged as the top five mid-cap stocks attracting the highest net buying from mutual funds in September, according to a Motilal Oswal report. Swiggy led the inflows with a Rs 6.3 billion value increase during the month.
Sebi preparing fresh round of reforms in IPO market, short-selling rules: Chairman
Sebi is planning comprehensive reforms covering IPO disclosures, SME listings, corporate bond trading, and short-selling rules to ease compliance and safeguard investors. Speaking in Mumbai, Chairman Tuhin Kanta Pandey also outlined key initiatives, including Demat 2.0 for tokenised bonds, an AI sandbox, and streamlined onboarding for foreign portfolio investors.
Over the next five years, people could use AI to support services such as website design, writing, translation, and business consulting, or to build courses, videos and products.
ICICI Life bets on women advisors, plans 20,000 hires by FY27
ICICI Life Insurance plans to recruit 20,000 women advisors across India by the end of FY2027 under its Narishakti initiative. Women currently account for around 32% of its advisor base but contribute 45% of agency business. More than 78,000 women advisors were associated with the insurer as of September 30, 2026.
US labour market remains stuck in low-hire, low-fire state as inflation intensifies: Fed
The Federal Reserve's latest Beige Book highlights persistent inflation pressures and a stagnant US labour market, with rising energy, tariff, and insurance costs hitting businesses. With September consumer inflation rising 3.7%, expectations are growing for another potential interest rate hike at the Fed's upcoming October meeting.
SGB 2019-20 Series V investors can redeem their bonds at 14,725 per gram on October 15, 2026. Price gains range from 289% to 294%, excluding interest and taxes. Budget 2026 changes mean premature redemption is no longer eligible for the capital gains tax exemption.
Todays Gold Rate in India October 15: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices down across metro cities on October 15
22, 24 carat Gold prices down across other cities on October 15
Canara Bank has Rs 47000 crore corporate loan pipeline
Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements.
Volume Shocker: MFs add 1 crore+ shares to 5 stocks in September; shares tumble up to 43%
Mutual funds significantly increased stakes in 45 stocks in September 2026 despite market volatility. While gainers like PhysicsWallah and Meesho rallied up to 21%, heavy institutional buying in stocks like PB Fintech, Swiggy, and L&T Finance failed to stem steep price declines of up to 43%.
SMIDs to large-caps shift likely if earnings gap narrows: Bharti Axa CIO
The key issue is that high-growth mid/small-caps are stretched on valuation right now, while rest of the market appears relatively cheap, said Bharti AXA Life Insurance's CIO Rahul Bhuskute
Jio Platforms IPO: How Reliance, Meta, Google and other investors stakes will change post the offer
Jio Platforms Rs 30,213 crore IPO will dilute the percentage stakes of existing investors, including Reliance Industries, Meta and Google, while leaving their share counts unchanged. At the upper end of the price band, Jio is expected to be valued at Rs 10.3 lakh crore, more than double the valuation at which most investors entered in 2020.
Indias edible oil imports up 3.27% in Nov-Sept on higher palm oil shipments
India imported 151.64 lakh tonnes of edible oil in the first 11 months of the oil year 2025-26 against 146.83 lakh tonnes in the corresponding period of the previous oil year 2024-25
Nifty scales 23,000 in midday breakout; IT, Telecom power rally as Korea Bourse halts trade
South Koreas KOSPI plunges 7.7% to 5,548.78, triggering an automatic five-minute suspension on programme sell orders, as losses in index futures deepened
GQG on a Selling Spree in India. Cuts Stakes in 5 Adani Group Stocks
5 money lessons from international bestseller 'The Automatic Millionaire' by David Bach
David Bachs The Automatic Millionaire argues that building wealth depends less on earning a large salary than on creating habits that make saving and investing automatic.
Silver futures rise to 2.08 lakh per kg
On the MCX, silver for December delivery rose by 561 or 0.27% to 2,08,899 per kilogram in a business turnover of 3,125 lots
Zetwerk IPO review: Analysts divided on growth prospects; losses a concern
Zetwerk IPO review: Brokerages have shared mixed views on the public issue. SBI Securities and ICICI Direct have recommended a 'Subscribe' rating, while Swastika has rated it 'Neutral'.
Jio IPO fever grips telecom stocks: Airtel, Vodafone Idea & others rise up to 4%
Telecom stocks rose sharply on as investors focused on Jio Platforms upcoming IPO and its implications for sector valuations. Nomura estimates Jios equity value at Rs 9.8 lakh crore to Rs 10.3 lakh crore, while its analysis suggests Bharti Airtel trades at a discount despite stronger subscriber trends and tariff-hike prospects.
Barclays India appoints Bank of America's Sonali Sharma as legal head
Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.
The local unit of Barclays appoints Sonali Sharma as Managing Director and Head of Legal
Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.
Nestle India share price crashes 9% in intraday trade post Q2 results
Nestle India on Thursday reported a 36.3% YoY growth in Q2FY27 net profit at 1,026.70 crore, backed by a 20.5% YoY surge in sales to 6,782.17 crore.
Mint Explainer| How chipflation is playing spoilsport for consumers
AI demand, tight supplies of memory chips, and capacity shifts toward high-bandwidth memory are pushing up costs for smartphones, laptops and servers, leading to a chipflation. How long will it last?
Gold futures rise to 1.47 lakh/10 gm on firm spot demand
Fresh positions by market players led to the rise in the precious metal's prices
PV Dispatches Surge 21.8% in Sep, Two-Wheelers Up 13.5%
Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.
Nestle India Q2 Results: Standalone profit jumps 36% YoY to Rs 1,027 crore, revenue rises 20%
In the second quarter of FY27, Nestle India achieved a remarkable standalone net profit of Rs 1,027 crore, marking a substantial 36% increase from last year's Rs 753 crore. Revenue from operations soared to Rs 6,788 crore, a 20% rise from Rs 5,644 crore. However, despite these impressive results, shares fell by 7% to Rs 1,260 on the NSE, reflecting a mixed market response.
Everyone has money advice. Who should young investors listen to?
Gen Z has more financial advice at its fingertips than any generation before it. But with influencers, family, friends and AI offering competing answers, knowing whom to trust is the real challenge.
Indian bonds breathe easy as Treasury yields decline
Early Thursday, bonds issued by the Indian government saw slight upswings, influenced by a rally in US Treasuries. Despite this, concerns over liquidity, climbing interest rates, and mounting supply challenges have capped these hikes. Traders are curbing risk levels prior to a major debt auction, while rising domestic inflation fuels anticipations of a tougher monetary approach from the Reserve Bank of India, as evidenced by the expanding India-U.S. yield spread.
HDFC Bank shares surge 1.60% to 722 as Q2 results weekend nears
Despite the price gains, selling pressure remained firm, with 66.35% of traded volume on the sell side
Indian mutual funds increased cash holdings to Rs 1.83 lakh crore in September, with cash allocation rising to 3.98% of total assets. SBI, HDFC and PPFAS led in cash reserves, reflecting varied investment strategies and liquidity positions amid market uncertainty and potential opportunities for future equity investments.
IDBI Bank: Past tense, future perfect?
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
Gold and silver prices rebounded on October 15 after a three-day losing streak, following a sharp selloff. While easing Treasury yields and a weaker dollar supported the recovery, shifting Fed rate expectations remain key factors to watch.
RIL rises 3% as Jio IPO date out; what does it mean for shareholders?
India's largest telecom operator, Reliance Jio, will launch its IPO on October 21 at a price band of 1,065-1,119 per share.
Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sector
Reliance Industries shares climb 3% as Jio Platforms sets IPO price band
Jio Platforms plans to issue up to 27 crore equity shares with a face value of 10 each
Bharti Airtel jumps 4%, sees sharpest intraday gain in 3 months; here's why
Thus far in 2026, Bharti Airtel stock underperformed and was down 12%.
IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nod
IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet
Mercedes Benz could have sold more cars in India if only...
Mercedes-Benz India's Managing Director and CEO Santosh Iyer stated that demand continues to outstrip supply, particularly for the CLA electric vehicle, with over 1,000 orders and deliveries extending to March-April 2027. The company could have sold an additional 1,000 vehicles if supply had been adequate.
Ready for take-off? Analysts map the flight path for India's aerospace stocks
India's aerospace sector is poised for multi-year growth, driven by rising aircraft production, defence spending, exports and global supply-chain diversification. Analysts highlight HAL, Data Patterns, Azad Engineering, MTAR Technologies and Unimech Aerospace, while flagging execution risks and elevated valuations.
Rocket Lab shares plunge 8%: Whats behind the selloff?
Rocket Lab shares fell after the company delayed the maiden flight of its Neutron rocket to 2027 due to manufacturing challenges. Investors are weighing execution risks against strong revenue growth, a record backlog and the company's broader space business expansion plans.
A Rs 1,000 investment in Reliance Industries 1977 IPO could be worth nearly Rs 52 lakh today, including shares received through the Jio Financial Services demerger. As Jio Platforms prepares for its Rs 30,200 crore IPO at a Rs 10.3 lakh crore valuation, investors will assess its growth prospects and pricing.
NCERT brings personal finance to Class 9, but can one chapter build money habits?
NCERTs new Class 9 chapter covers budgeting, saving, investing, insurance and tax. But teachers and experts say lasting money habits will depend on classroom practice, parental involvement and progressive learning.
Hyderabad-born Prem Watsa built Fairfax Financial Holdings into a global insurance and investment business, drawing inspiration from Warren Buffett. The IIT Madras alumnus moved to Canada with just $8.
Top 10 PMS portfolios that delivered up to 7% returns in September. See full list
Data from PMS Bazaar showed that while several portfolios struggled to contain losses, small-cap and SME-focused strategies stood out on the performance table, delivering some of September's strongest returns.
Q2 Results Live Updates: Wipro, Tech Mahindra set to announce September quarter earnings today
Rupee rises 31 paise to 94.86 against U.S. dollar in early trade
Meanwhile, India's WPI inflation accelerated to 11.39% from 9.92%, with food inflation reaching 8.66%. Combined with CPI inflation of 5.54%, dual inflation pressure makes it very difficult for the RBI to turn dovish
Global Market: Bank of China (Hong Kong) plans $3.3 billion onshore yuan debt issuance
Bank of China (Hong Kong) plans to issue up to 22.2 billion yuan in onshore negotiable certificates of deposit in 2026, strengthening funding access and financial integration. The move supports Hong Kongs ambition to become a leading offshore yuan hub, promoting cross-border investment and expanding the Chinese currencys international role.
Skydance shares slide 24%: What investors need to know
Skydance shares plunged 23.84% following a massive warrant distribution after acquiring Warner Bros. Discovery, prompting investors to reassess valuation, potential dilution, debt exposure, and future growth prospects.
India leads Huruns U35 comparisons with 180 entrepreneurs, ahead of Chinas 101 and the UKs 62. It also has the most women.
Dearness allowance hike: Central government employees are still awaiting clarity on the July 2026 dearness allowance hike after the Union Cabinets latest meeting. While the announcement remains pending, two other proposals have received approval.
Canara Bank shares slide over 6% after Q2 earnings. Buy, sell or hold the state lender?
Canara Bank shares fell sharply on Thursday despite reporting an 8% year-on-year rise in Q2 FY27 standalone net profit to Rs 5,175 crore. Brokerages remain divided, with Morgan Stanley retaining an Underweight rating, while Motilal Oswal and JM Financial recommend buying the stock.
Ramesh Chand panel to suggest solution for Indias sugarcane sector
Apart from Chand, the other members of the committee are officials from agriculture, food and consumer affairs ministries Agriculture Commissioner, Joint Secretary (Sugar), Joint Secretary (Legal Metrology), and Director (sugar).
Bulls strike! Sensex zooms 1,100 pts intraday, Nifty at 22,950; key reasons
VK Vijayakumar said that the strength in the IT stocks follows the results of HCL Tech and the optimism surrounding that will hold the IT index strong.
Sahajanand Medical IPO opens for bidding; check GMP, review & subscription
Analysts suggested subscribing to the issue with a long-term horizon, as Sahajanand Medical Technologies' profitability may improve in the future
Who is Romita Mazumdar? Foxtale founder is only woman among Huruns 10 youngest entrepreneurs
Romita Mazumdar, Foxtales founder and CEO, is the youngest woman on the Avendus WealthHurun India U35 List 2026. The 31-year-old launched the skincare company in 2021 after working in investment banking and private equity.
