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Rupee falls 12 paise to close at 94.93 against US dollar
The rupee opened at 94.78/$, fell to a intraday low of 94.98, and settled at 94.93 (provisional), down 12 paise from the previous close
Infosys Q2 net profit up 6.2% to Rs 7,823 crore
Indian IT major Infosys announced a 6.2 per cent increase in its consolidated net profit, reaching Rs 7,823 crore for the second quarter ending September 30, alongside a 10.2 per cent growth in revenue from operations.
Infosys dividend alert! IT major announces Rs 26 per share dividend. Check record date
Infosys has declared an interim dividend of Rs 26 per equity share for its shareholders. The record date for this dividend is set for November 3, with payment scheduled for November 11. This announcement follows a final dividend of Rs 25 per share declared in June.
Angel One rolls out US stock investing for investors
The company is rolling out the facility in phases, with access currently available to select users
Smartphone Market in India Hits Decadal Low, Samsung Tops Q3 2026
India's smartphone market experienced a significant 20 per cent year-over-year decline in the third quarter of 2026, reaching its lowest level in a decade, primarily due to soaring memory chip prices that increased device costs. Samsung reclaimed the top position with a 17 per cent market share, while Chinese brands saw a decline in supplies.
Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance
Infosys Q2 Results: IT services major Infosys Ltd on Friday reported 6% year-on-year (YoY) growth in its consolidated net profit at Rs 7,823 crore in the second quarter. The same stood at Rs 7,364 crore in the year-ago period. The company has trimmed its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier.
Tata Motors CV Q2 Results: Co swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY
Tata Motors CV Q2 Results: The improvement in profitability was driven by lower mark-to-market losses on investments in Tata Capital Ltd. The company reported a strong net cash position of Rs 15,900 crore as of September 30, 2026.
Rupee little changed this week as oil-fueled declines wipe out early gains
The Indian rupee experienced a decline for the second day in a row as rising oil prices dampened market confidence. Following a brief uptick at the start of trading, the rupee ended lower against the US dollar. Brent crude prices have surged to a five-month peak, raising worries about energy supply interruptions. This led to a pullback from technology stocks as investors flocked towards safer investments like US Treasuries.
Banking liquidity surplus shrinks amid tax outflows, RBI intervention likely
India's banking system liquidity surplus has significantly narrowed due to tax outflows, including GST payments, and higher cash reserve ratio balances. This tightening liquidity has pushed the weighted average call rate closer to the RBI's marginal standing facility rate, with market participants anticipating a persistent deficit in the coming months.
Freight discounts prompt India's HPCL to buy oil on delivered basis
Attacks on vessels transiting the Strait of Hormuz have also tightened shipping availability and driven freight rates close to record highs
Central government employees await the July 2026 DA hike announcement. If DA rises from 60% to 61%, 62% or 63%, employees with a basic pay of 18,000 could receive 180, 360 or 540 more per month, respectively. Here is how the increase could affect different salary levels.
Global Market: Eurozone bond markets stabilise after volatile week
Eurozone government bonds stabilised after a volatile week as investors balanced sovereign debt concerns against safe-haven demand amid uncertainty over AI investments and global growth. French borrowing costs remain under pressure ahead of key central bank policy decisions.
BlueStone Jewellery stock plunges 13% as firm swings back to losses in Q2
BlueStone Jewellery shares remain 47 per cent higher on a year-to-date (YTD) basis and 27 per cent higher in six months. However, they are flat over the last year, having lost nearly 2 per cent.
Westlife Foodworld soars 20%; rebounds 24% from days' low post Q2 results
Q2 growth was broad-based across channels and regions, supported by the continued strength of the Company's value offerings, menu innovation and omnichannel convenience strategy.
JSW Steel Q2 Results: Net profit rockets 225% YoY to Rs 5,279 crore; revenue rises 21%
JSW Steel Q2 Results: The metal majors revenue from operations increased nearly 21% YoY to Rs 54,486 crore during the quarter under review, from Rs 45,152 crore reported in the same period last year.
India's September crude oil imports jump over 16% month-on-month
Imports of oil products fell 0.8% in September from August, but were down about 40% from a year earlier
Adani Total Gas cites higher LNG cost, domestic supply cut for 4.45 per kg CNG prices hike
CNG at ATGL outlets in Ahmedabad now costs 98.47 per kg, while it is priced at 102.60 per kg in Faridabad, Haryana and 100 per kg in Jalandhar
Shree Cement rebounds, gains over 5% from day's low post Q2 results
Shree Cement on Friday reported a 15.2% YoY drop in Q2 consolidated net profit at 263 crore, while its revenue from operations grew by 23.9% YoY to 5,897 crore.
Adani Power Q2 Results: Profit zooms 134% YoY to Rs 6,919 crore; revenue jumps 45%
Adani Power has reported an impressive consolidated net profit of Rs 6,919 crore for the second quarter of FY27, which marks a striking 134% increase from last year's profit of Rs 2,953 crore during the same period. Additionally, their operational revenue surged to Rs 19,439 crore, representing a 45% growth from Rs 13,457 crore the previous year.
LPG under recovery rises to 327/cylinder in November: HPCL
Under recovery during March 31, 2026 and September 30, 2025 was around 12,798.67 crore and 14,240.64 crore, respectively
Global Market: European stocks edge lower as Kering slumps, oil prices rise
European shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampened sentiment. The STOXX 600 fell 0.13%, extending losses amid AI stock volatility and debt concerns. Holcim gained 5.2% after raising its earnings forecast, offering limited support to markets.
Global Market: French bond selloff raises debt concerns across Europe amid social unrest
French 10-year bond yields surged above 5%, reaching a 24-year high, as fiscal deficits, political deadlock and social unrest unsettled investors. Rising borrowing costs are spreading to Italy and Belgium, intensifying concerns over eurozone debt sustainability, fiscal reforms and the regions financial stability amid mounting economic pressures and uncertainty.
Legal experts confirm that income-tax laws set no numerical limit on properties a person can own under one PAN. However, buyers should retain proof of funds, sale deed, payment evidence and transaction records.
Can India's Fireworks Capital Take on China?
Sivakasi, India's fireworks capital, is eyeing global markets as green crackers, rising demand and interest from overseas buyers offer a chance to challenge China's dominance.
Sterlite Technologies Q2 Results: Profit surges 12,817% YoY to Rs 517 crore, revenue jumps 145%
Sterlite Technologies reported a 12,817% year-on-year jump in Q2 FY27 net profit to Rs 517 crore, while revenue surged 145% to a record Rs 2,529 crore. Strong demand for AI-ready digital infrastructure, improved margins and a one-time tariff refund gain supported performance, as its open order book reached Rs 35,274 crore.
Nifty Midcap 100, Smallcap 100 slide 4%, down 10-13% from 52-week high
The Smallcap index plunged 7.4 per cent over the past week and is down over 10 per cent from its 52-week high of 20,187.80.
A 20 lakh home loan at 8.5% interest could cost significantly less if you increase your monthly EMI by 5,000. Compare regular and higher EMI calculations to understand potential interest savings, repayment tenure and key factors to consider before increasing your home loan EMI.
The Bond who came back from the dead
Do debt mutual funds eliminate portfolio risk? A 25-year study shows how adding equity to a debt portfolio may reduce volatility while improving average returns. Heres how different debt-equity combinations have historically performed and what mutual fund investors should know.
Jio Platforms IPO: First Public Offer Globally to Cross 1 Crore Applications
Jio Platforms' initial public offering (IPO) has made history by becoming the first public offer globally to receive over one crore applications, surpassing previous records set by Waaree Energies and Bajaj Housing Finance. The IPO, which closes today, has seen significant investor interest, particularly from Qualified Institutional Buyers.
No AI, No Future? Why Indias wealth managers must adapt
AI, platform consolidation and integrated advisory services will shape the future of Indias wealth management industry, says Aprita Vinay, CEO of Spark Private Wealth Management
The market capitalisation of BSE-listed companies fell below Rs 450 lakh crore for the first time since April as Sensex and Nifty extended losses for a fourth straight session. Nearly Rs 25 lakh crore has been wiped out this week, with soaring crude prices and rising bond yields weighing on sentiment.
Honasa Consumer elevates Vipul Maheshwari to Chief Product & Technology Officer amid AI push
Honasa Consumer Limited shares fell 3.45% to 427.15 on the NSE by 1:30 PM, against a previous close of 442.40, with sell orders outpacing buy orders
Two-fold jump in Q2 PAT, 25 dividend lift CPCL stock 5% in weak market
Chennai Petroleum reported a PAT of 2,271 crore in Q2FY27, as against a PAT of 732 crore during the same quarter last year. This translates into a gain of 210 per cent on a Y-o-Y basis.
Flexi-cap vs multi-cap funds: Which offers better diversification and returns? What the data shows
Multi-cap funds must keep at least 25% of their portfolio in each of large-, mid- and small-cap stocks at all times, with the remaining 25% left to the fund managers discretion. Flexi-cap funds also invest across market caps, but they have no such minimums, setting the two categories apart.
MCX silver prices fell below Rs 2 lakh per kg after a sharp two-day decline, as a stronger dollar, elevated bond yields and hawkish US Federal Reserve expectations weighed on sentiment. Fresh import permits and industrial demand remain key factors for the outlook.
Steel Strips zooms 19%, hits record high on heavy volume post Q2 results
A combined 16.63 million shares representing 10.6 per cent of SSWL's total equity, changed hands on the NSE and BSE in Friday's intraday deals.
With salaried employees set to receive Diwali bonus, we illustrate how investment of lumpsum amounts of 20,000, 50,000, 80,000 and 1 lakh could grow through SIP, fixed deposits, or PPF at specified rates and time periods.
Global Market: Bank Indonesia defends policy mix after market confusion
Bank Indonesia has defended its latest policy package combining an unchanged benchmark rate, a higher deposit facility rate and reserve requirement cuts. The central bank says the measures aim to improve monetary policy transmission, boost banking liquidity and support credit growth.
22, 24 carat Gold prices down across other cities on October 23
Todays Gold Rate in India October 23: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices down across metro cities on October 23
MSCI India rejig: JM Financial sees 3 inclusions, 2 exits & $1.4 bn inflows
The MSCI Standard Index rebalancing, one of the most closely watched rebalancing events of the year globally, is scheduled for November 11, post-market hours.
Bombay Coated and Special Steels IPO to open on Oct 29; price band set at 78-82
The IPO, which is entirely a fresh issue of equity shares, will close on November 2
Jeff Bezos is reportedly linked to a $69.5 million Golden Beach oceanfront estate, a record single-family home purchase for the area. The seven-bedroom property may expand his South Florida holdings, though the buyer remains unconfirmed because it was purchased through an LLC.
GST E-commerce Registration for Small Sellers from Nov 1
A simplified GST registration facility for small e-commerce sellers, allowing them to register in other states by declaring the e-commerce platform's warehouse as their principal place of business, will be enabled from November 1. This move aims to encourage small businesses to expand beyond their home states.
Double Contributions Convention extends the social security contribution exemption for eligible Indian and UK employees on temporary overseas assignments to up to 5 years (60 months). Heres how the new rules benefit employees.
SBI data leak scare: Bank contacts affected customers. Is your money safe?
State Bank of India has begun notifying customers potentially affected by a recent cyber incident. The bank assured customers that their account balances and funds remain secure throughout the investigation. Alerts were received about the data exposure from cybersecurity agencies, prompting immediate action by the bank. A total of 3,897 records containing personal customer information were identified in the investigation.
Jio Platforms IPO becomes first public offer globally to cross 1 crore applications
The figure beats the previously reported global record of about 97 lakh applications, set by Waaree Energies. It also tops earlier Indian record-setters such as Bajaj Housing Finance.
Nasdaq CEO flags IPO slowdown amid market volatility
The IPO market is grappling with hurdles stemming from macroeconomic instability and fluctuating market conditions that are influencing corporate strategies. Numerous firms have either delayed or abandoned their public listing intentions lately. Nevertheless, Nasdaq maintains a sturdy and vibrant pipeline for future listings, even as analysts caution that a revival in IPO activity likely won't materialize until 2026 without a surge in investor interest.
NIFTY IT trims intraday gains; TCS bucks trend as sector logs sharp monthly recovery
TCS led the pack with a gain of 1.16% to 2,536, while Infosys added 0.21% to 1,155 and HCL Tech was nearly flat
When it comes to the Merchant Discount Rate (MDR)the cost merchants pay banks to process card transactionsthe regulatory lines blur between debit and credit cards, legal experts told LiveMint.
European carbon prices could hit 100 this winter as Iran war drives up gas costs
An energy supply shock has pushed oil and European gas prices higher, changing fuel economics and reshaping the regions carbon market outlook.
HDFC Bank shares hover 52-week low ahead of CEO handover on Monday
Despite the recent setbacks, HDFC Bank stocks near-term focus now shifts as the new chief executive, Anup Bagchi succeeds Sashidhar Jagdishan on Monday, October 27
This Tata Group stock plunged 10% a day after rallying 19% post Q2 results. Do you own?
Tata Teleservices (Maharashtra) shares plunged on Friday, giving up some gains after rallying 19% in the previous session following its Q2 results. The stock fell to Rs 34.24 on the NSE. The company reported a net loss of Rs 59 crore in Q2 FY27, narrowing from Rs 321 crore a year earlier and Rs 72 crore in the previous quarter. Despite the improvement, the stock has declined over 30% in 2026 so far and 59% in three years.
Lost mettle! VAML, Vedanta, Nalco sink up to 6% as metal index drops 3%
The latest decline has dragged the Nifty Metal index down around 6.3 per cent over the past four trading sessions, compared with a 3 per cent fall in the benchmark Nifty 50 index in the same period.
Silver price drops to 1.95 lakh/kg in futures trade
Analysts say a sell-off by participants mainly weighed on silver prices
BSE Limited invites applications for Managing Director and CEO post
BSE seeks candidates with a strong understanding of capital markets, technology and digital transformation, along with experience in managing diverse stakeholders
TCS share price surges 28% in October, hits over 7-month high; here's why
TCS stock price rallied 5% to 2,624.75 in Friday's intraday deals, bouncing back 33% from its 52-week low of 1,976 hit on July 1, 2026.
Oil India strikes gas in Krishna-Godavari Basin, records 200,000 SCMD peak flow
The offshore discovery comes as India seeks to expand domestic natural gas supplies and increase gass share in its energy mix
Gold price falls to 1.42 lakh/10 gram in futures trade
Analysts attribute decline in gold price to weaker spot demand
The Centre is considering reducing its stakes in Central Bank of India, UCO Bank, Punjab & Sind Bank and Indian Overseas Bank to 75% to meet public shareholding norms.
Silver selloff seems overdone, says Mirae Asset Sharekhan; here's why
The crude oil/silver ratio has fallen through the crucial support around 58, which means silver remains vulnerable to rise in oil prices.
Gold outlook bleak; avoid aggressive selling without stop loss: Analyst
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
Cyient shares rally 9% after Q2 revenue rises 25%; board declares Rs 12/sh interim dividend
Cyient shares surged on Friday after the company reported a 25% year-on-year rise in consolidated revenue to Rs 2,235 crore in Q2 FY27. Net profit declined 8% to Rs 132 crore. The board declared an interim dividend of Rs 12 per share, while its DET business reported stronger revenue and order intake.
Nippon Silver ETF, other silver ETFs slide up to 4% as silver prices tumble. Heres why
Silver ETFs tumble up to 4% as India permits 6,500 metric tonnes of silver imports over six months, raising expectations of easing domestic supply tightness and premiums. Higher interest rates, bond yields and a firm dollar add to pressure on bullion prices.
Tonbo Imaging shares make stellar market debut; jump 66%
The stock made its debut at 1,162 apiece, registering a premium of 66% from the issue price on the BSE
Inside Sameera Reddys Goa home: 4,000-sq-ft property, lush garden and a bedroom without a TV
Actor Sameera Reddy has already opened the doors of her Goa home to actor Archana Puran Singh and choreographer Farah Khan. She gave a detailed tour of her home to Singh and Khan, which they posted on their YouTube channels.
Parag Parikh Flexi Cap, SBI Flexi Cap among top 7 flexicap MFs to invest in October 2026
Among the seven recommended flexi cap mutual funds, Parag Parikh Flexi Cap Fund and SBI Flexi Cap Fund stand out for their commendable track records. Evaluated on parameters like returns, consistency, and asset size, these funds have consistently outperformed over the past five years. Investors with a medium risk appetite looking to invest for a period of five to seven years should consider flexi cap funds for potential wealth accumulation.
The EPFO board may discuss raising the Employees Pension Scheme minimum monthly pension at its meeting in Gujarat on 19 November. This comes amid demand from unions and pensioners, who have sought increase from 1,000/month to 7,500 month.
Safe-haven demand pushes Japans 10-year yield to two-month low
Japanese government bonds saw a rally on Friday, leading to the benchmark 10-year yield hitting a two-month low. This surge occurred in response to a global selloff in tech stocks, prompting investors to flock to safer investment options. The approaching Bank of Japan policy meeting is the center of attention as market watchers analyze the implications for inflation and possible interest rate shifts.
Infinx plans $300 million IPO in India, appoints three bankers
Infinx Technology Solutions has appointed Kotak Mahindra Capital, Nomura and Avendus to manage its proposed $300 million IPO, targeting FY28. Backed by KKR and Norwest Venture Partners, the healthcare IT firm provides AI-powered revenue cycle management services and has expanded through strategic investments and acquisitions, including i3 Verticals healthcare business.
Sonu Sood has leased a Versova commercial property to Bokka Coffee, with rent expected to total 3.52 crore over five years. Monthly rent starts at 5 lakh and rises by about 8% annually.
Rupee rises 3 paise to 94.78 against USD in early trade
The rupee rises by 3 paise against U.S. dollar on Friday, under pressure amid macroeconomic headwinds
Moderna Stock Selloff: Why positive cancer vaccine results failed to lift shares
Moderna shares plunged after detailed cancer vaccine trial results triggered profit-taking despite reducing melanoma recurrence risk by 42%. Investors weigh commercial prospects, regulatory timelines, and future oncology opportunities.
Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off
Jefferies Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidias 15%. The shift reflects Woods preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.
China stocks extend losses as global tech selloff weighs on sentiment
Chinese stocks extend losses as a global technology selloff, Middle East tensions and French debt concerns weigh on sentiment. The CSI300 falls into bear-market territory under some definitions, while Hong Kongs Hang Seng remains relatively steady.
EPFO has explained how long an EPF account continues to earn interest after an employee retires at 58. Interest continues to be credited for 3 years, up to age 61, after which the account becomes inoperative. Heres how the rule works and what retirees should consider before withdrawing savings.
Stock Markets on Oct 23: Sensex, Nifty open higher as IT stocks rally
Indian equity benchmarks, the Sensex and Nifty, opened higher on Friday, driven by a strong rally in IT stocks, despite a significant overnight decline in US technology shares and broader Asian markets. Experts anticipate further market support from falling US bond yields, a strengthening rupee, and a substantial liquidity inflow following the Jio Platforms IPO allotment. Track
Small-caps likely to do well over the next year: 360 ONE's Mayur Patel
Earnings of small-cap companies in the current financial year (FY27) may grow at a 30 per cent rate compared to the mid-teens for large caps, said Mayur Patel of 360 ONE Asset.
Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
Swiggy shares plunged on Friday, wiping out around 9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamarts adjusted EBITDA loss widened to 895 crore from 778 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.
Silver ETFs fall up to 5% as oil surge, inflation fears hit bullion markets
Silver and Gold prices dipped in the last two sessions, with yellow metal dipping 2 per cent and silver down 1 per cent intraday on Friday.
The Sensex and Nifty extended losses on Friday as crude oil prices surged and foreign investor selling resumed. The selloff wiped out nearly Rs 10 lakh crore in market value, with smallcap and midcap stocks leading declines. Oil supply concerns and geopolitical tensions weighed on investor sentiment.
Gold and silver prices fall on the MCX as rising oil prices fuel inflation concerns and expectations of higher interest rates for longer. Investors track the US Federal Reserve meeting, dollar movements and geopolitical tensions for cues on precious metals.
Sovereign Gold Bonds: RBI has set the final redemption price of SGB 2018-19 Series II at 14,425 per gram today, October 23, 2026. Investors who purchased the bonds at the original issue price can earn capital gains of up to 366%, excluding interest and taxes.
The Parag Parikh ELSS Tax Saver Fund has struggled to meet its benchmark over the past one, two, and three years. Yet, it retains a five-star rating from research platforms like PrimeInvestor. Investors are advised to consider the fund's long-term performance and portfolio strategy, alongside monitoring its investment protocols and risk controls. The three-year lock-in period for ELSS investments also plays a crucial role in decision-making.
Cyient shares snap 3-day losing streak, jump 10% post Q2, 12 dividend
MOFSL has reiterated a Sell rating on Cyient Ltd, with SoTP-based target price of 1,020, implying an 11 per cent downside from the previous close of 1,144.
Market crash: Sensex sinks 1,279 pts from day's high; Nifty tests 22,400
With Brent at $114, high crude prices remain a key headwind for oil-sensitive sectors, making a broad-based equity recovery difficult, says Hariselvan Radhakrishnan of HST Wealth
Bansal Wire Industries Q2 net profit jumps 38% to Rs 53 crore
Bansal Wire Industries reported a remarkable consolidated net profit of Rs 52.9 crore for the quarter ending in September, marking a substantial 38 percent growth compared to the previous year. The company's revenue surged by 23.9 percent, amounting to Rs 1,308.1 crore for the same period. Sales volume also experienced a 12.4 percent increase, reaching 1.29 LT, while both EBITDA and EBITDA per tonne achieved record highs this quarter.
Hindustan Zinc shares drop 4% as India allows large silver imports despite weak demand
Hindustan Zinc shares fell sharply on Friday after India issued permits to import 6,500 metric tonnes of silver over the next six months to meet festive-season demand. The move could ease domestic premiums amid weak demand, while silver futures declined around 3%. The stock is down over 18% so far in 2026.
