Rediff

IndiGo is undertaking a comprehensive review of its long-standing policy against fuel hedging, particularly in light of rising jet fuel prices and its ambitious long-haul expansion plans. CEO Willie Walsh stated that while domestic competitors don't hedge, international expansion necessitates a re-evaluation to manage risk and provide stability against volatile fuel costs.

Indian benchmark indices Sensex and Nifty extended their winning streak in early trade, with Sensex jumping 614.66 points and Nifty rallying 149.80 points. This surge is attributed to a sharp correction in crude oil prices, continued foreign fund inflows, and positive Q2 results, creating an ideal environment for the market rally to continue.

Reliance Industries chairman Mukesh Ambani has become the world's biggest billionaire wealth gainer, adding over USD 6 billion to his fortune in a single day, as shares of his flagship company surged following stronger-than-expected quarterly earnings.

Indian benchmark indices, Sensex and Nifty, closed significantly higher, with the Sensex rallying 1,233 points and the Nifty climbing to 23,440.80. This surge was primarily fuelled by a sharp increase in Reliance Industries' share price following strong quarterly earnings and a notable decline in crude oil prices.

India's manufacturing sector activity saw a moderated growth in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 54.7 from 55.1 in September, driven by softer increases in output and new orders, though strong international demand provided some support.

IndiGo CEO Willie Walsh announced that the airline expects to begin receiving wide-body A350 aircraft from the second quarter of 2028, featuring a three-class configuration, as the airline sees significant opportunities in the long-haul market despite industry challenges like rising fuel costs.

N Chandrasekaran and Noel Tata are expected to attend the Tata Steel board meeting on November 7 to approve Q2 results and the Tata Sons board meeting in the second half of November.

Corporate governance advisory firm InGovern Research Services has stated in a new report that a documented family arrangement should not be reopened solely due to changes in business valuations, specifically addressing the ongoing succession dispute within the Venu Srinivasan family of the TVS group.

The reduction is primarily driven by high airfares, increased fuel costs, and rupee depreciation, leading to softer passenger demand.

Mutual fund (MF) investor growth has slowed for the second consecutive year, with 4.4 million net new investors added in calendar year 2026 till September, the slowest pace since 2023. This deceleration coincides with weakness in the equity market, increased volatility, stricter regulatory guidelines on high-risk trading, and a decline in new fund launches and offerings.

India's passenger vehicle wholesales increased by 12.4 per cent year-on-year in October, reaching 528,384 units, driven by robust festival demand, GST rate cuts, income-tax relief, and low interest rates, which collectively improved vehicle affordability.

Indian benchmark indices, Sensex and Nifty, saw significant gains in early trade, primarily driven by a strong performance from Reliance Industries following its record quarterly profit announcement and a notable decline in global crude oil prices. Positive foreign fund inflows and a buoyant trend in Asian markets further contributed to the market's optimism.Track Sensex, Nifty on November 2.

The IDBI Bank stake sale could generate over Rs 26,500 crore, helping the government surpass its annual divestment target, notes A K Bhattacharya.

Experts cautioned that this headcount increase does not necessarily indicate a return of steady demand, which has evaded them over the last few years.

Crude oil prices are set for another volatile week with an upward bias, as ongoing US-Iran negotiations and heightened geopolitical risks, particularly concerning energy shipments through the Strait of Hormuz, continue to influence the market, according to analysts.

Indian stock markets are set to be influenced by a confluence of factors this week, including escalating geopolitical tensions, particularly concerns over US-Iran conflict, volatile crude oil prices, and the ongoing quarterly earnings season. Additionally, the US midterm elections, foreign investor activity, and key macroeconomic data releases will also be closely monitored by investors.

India's gross Goods and Services Tax (GST) collections surged by 23 per cent to over Rs 2.31 lakh crore in October, propelled by robust growth in both domestic activities and imports.

Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of heavy outflows due to concerns over crude oil prices, global interest rates, and corporate earnings. However, a notable shift occurred towards the end of the month, with FPIs turning net buyers and infusing approximately Rs 6,300 crore between October 26-30.