The Economic Times

Senior officials from Saudi Arabia, Turkey and Pakistan are set to meet Iranian officials in Tehran on Monday to discuss regional coordination, Reuters reported. Saudi Defence Minister Prince Khalid bin Salman, Pakistan Army Chief Field Marshal Asim Munir and Turkeys intelligence chief are expected to attend the meeting, according to people familiar with the matter.

Gokaldas Exports, a prominent Indian apparel supplier, expects to increase its export share to Europe significantly. The company currently derives 15% of its exports from Europe, anticipating this to rise to around 25%-30% in three to five years. This change is expected due to a proposed trade agreement between India and the European Union.

Ramayana: Part 1, set to premiere on November 5, 2026, has already generated buzz with advance bookings hitting an impressive Rs 20.50 crore. This excitement is particularly strong in major regions like North America, where previews have crossed $550,000. With ticket prices differing across locations, premium showings in Mumbai and Delhi-NCR are witnessing a surge in demand. Read on!

IndusInd Bank shares will be in focus after the lender reported a Q2 FY27 net profit of Rs 1,176 crore, reversing a year-ago loss of Rs 445 crore. Improved asset quality, lower provisions and stronger fee income supported the performance. Jefferies retained its Buy rating but cut its target price to Rs 1,130, while Motilal Oswal maintained a Neutral rating with a Rs 1,050 target.

Niftys PEG ratio approaches a decade low, suggesting an enticing potential for valuation and earnings growth. The substantial drop in the forward P/E ratio has heightened hopes for a market recovery. However, rising bond yields and potential earnings downgrades pose challenges to investor sentiment. Selective opportunities arise across sectors, influenced by enhanced credit growth and evolving demand.

L&T Technology Services (LTTS) on Monday announced a five-year contract with Nokia to support its engineering and research and development (R&D) activities in India, according to an exchange filing.

A BJP worker in Bihar has filed a police complaint against Congress president Mallikarjun Kharge over his controversial remarks targeting Prime Minister Narendra Modi at an event in Patna. The complainant has sought an apology within 24 hours.

Attention Garena Free Fire MAX players in India! Exciting news awaits as you can redeem codes for exclusive in-game rewards, including coveted diamonds, unique weapon skins, stylish outfits, and rare collectibles. Hurry up and redeem them, as these codes are limited and time-sensitive. To snag these rewards, simply head to the Garena rewards redemption website and input the code accurately for a successful claim.

In this edition of ETMarkets PMS Talk, we speak with Vaibhav Agarwal, Founder & CIO, Accelt Asset Management LLP, about how his teams bottom-up stock-picking approach identifies businesses capable of delivering sustained earnings growth. He explains why smallcaps offer opportunities among companies growing earnings at 2530%, how the GMCV framework Growth, Management, Capital Efficiency and Valuation helps separate potential compounders from value traps, and why paying the right price matters e

As of October 23, five NSE F&O stocks recorded more than 7% growth in futures open interest, signalling increased trader participation and fresh position-building. FSN E-Commerce Ventures and Godfrey Phillips India led the list with 10.88% increases each, followed by CG Power, Ujjivan Small Finance Bank and Siemens Energy India.

EAAA India Alternatives Rs 1,200-crore IPO opens on October 26 and closes October 28, 2026, with a price band of Rs 1,585Rs 1,665 per share. The offer is entirely an OFS. Its grey market premium stands at around 2%. FY26 income rose 23%, while profit increased 15%.

Congress president Mallikarjun Kharge said the INDIA bloc would consider a traders request to postpone its November 1 rally at Delhis Ramlila Maidan over concerns about festive-season business disruptions. The Chamber of Trade and Industry has urged Rahul Gandhi to defer the demonstration until after November 10, citing potential losses.

Thousands of Brazilians celebrated Luiz Inacio Lula da Silvas presidential election victory over right-wing rival Flavio Bolsonaro in Sao Paulo, waving national flags and chanting slogans. Lula secured 51.8% of the vote against Bolsonaros 48.2%, with supporters hailing the result as a victory for democracy, workers and minorities.

In this edition of ETMarkets PMS Talk, the co-founders discuss the lessons from their 20-year investment journey, how they identify companies before their growth stories become market favourites, and why valuation discipline, management quality and capital protection matter as much as returns. They also share their outlook on India's healthcare and auto component sectors, and explain what investors should evaluate beyond CAGR when choosing a PMS.

The Ballon dOr 2026 ceremony is scheduled for October 26, 2026, at the prestigious London Palladium Theatre in England. This highly anticipated event will honor the elite in football, featuring awards for both men and women across various categories. Fans in India can tune in live on DAZN India. Overall, 13 accolades will be awarded, celebrating extraordinary achievements in the world of football.

Attacks on commercial shipping in the Strait of Hormuz and nearby waterways reached a record high in October, according to a Washington-based think tank. More than 30 supertankers were damaged since the US-Israeli war with Iran began on February 28, threatening oil shipments and adding pressure to global energy markets.

The Ballon d'Or 2026 ceremony is scheduled for October 26 at the London Palladium, with the men's winner expected to be announced during the event. Harry Kane, Lamine Yamal, Kylian Mbappe, Erling Haaland and Lionel Messi are among the 30 nominees. The winner will succeed 2025 recipient Ousmane Dembele. Indian viewers can follow the ceremony from 1:30 am IST on October 27.

US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.

Karnataka Deputy Chief Minister DK Shivakumar said the state would revamp the Karnataka Public Service Commission (KPSC) to prevent recruitment irregularities and ensure fair examinations. The government has authorised the interrogation of an accused in the case, while prosecution sanction has been issued against suspended IAS officer Gyanendra Kumar Gangwar over alleged question paper leaks.

Ipca Laboratories, Shree Cement, JSW Cement and Oil & Natural Gas Corporation featured in StockEdges RSI Trending Up scan on October 23, signalling improving price momentum across four stocks.

Indian tennis stars Mahesh Bhupathi and Sania Mirza have filed nominations for the All India Tennis Association (AITA) Sportsperson of Outstanding Merit (SOM) elections on November 7, while Leander Paes has opted out of the race.

Indian equities could face another leg of weakness unless the Nifty reclaims 22,800 early next week, with the index strategist Anand James warning that a break below the 22,00022,070 support zone could open the way towards 21,500. He also sees HDFC Banks long-term bullish structure as broken, with the stock vulnerable to 640, while the recent IT rebound appears more like a relief rally than a durable sector rotation.

Sterlite Technologies, Cemindia Projects, Prime Focus and Gabriel India featured in StockEdges VWAP scan on October 23, with closing prices more than 2% above their respective volume-weighted average prices.

Prahaar: The Untold Story of Ujjwal Nikam hit theaters on October 16, 2026. Starring Rajkummar Rao in the titular role, the film delves into his major legal confrontations in various leading cases. The movie has already garnered mixed reviews and banked around Rs 26. Read on to know where to watch the movie on OTT after its theatrical run.

The Election Commission has refused to disclose the software and algorithm details used to detect errors in voter rolls during the Special Intensive Revision, citing commercial confidence, trade secrets and intellectual property rights. Responding to an RTI application, the poll body said no new software was developed or procured for the exercise.

The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar

CreditAccess Grameen, Sagility, Zensar Technologies and Atul featured in StockEdges VWAP scan on October 23, with closing prices more than 2% below their respective volume-weighted average prices.

Trump critic Brazil's Lula da Silva wins historic fourth term in dramatic comeback

US crude futures declined $1.82, or 2%, to $101.48 a barrel, while Brent crude futures dropped $1.50, or 1.72%, to $115 a barrel. Both benchmarks had settled nearly $3 higher on Friday following Houthi attacks in Saudi Arabia that heightened concerns over energy supplies. Brent gained 6% over the week, while US West Texas Intermediate (WTI) rose 2.3%.

Donald Trump mentioned possible candidates JD Vance and Marco Rubio for the Republican presidential nomination in 2028. He asserted that the GOP has a strong lineup compared to the Democrats. While addressing the media, he reiterated concerns over global energy security amid the Russia-Ukraine war. The upcoming midterm elections will significantly influence political power in Congress. Trump's declining approval ratings pose challenges for his legislative agenda as the elections approach.

Yemeni Armed Forces executed 753 targeted strikes against Houthi militia over the last 24 hours. These operations led to significant losses, including approximately 218 Houthi fighters and commanders. The offensive, part of the 'Dawn of Yemen' campaign, aimed at disrupting Houthi military logistics and operations. Officials emphasized commitment to humanitarian law, ensuring protection of civilians during the conflict.

The India Meteorological Department forecasts turbulent weather across several Indian states starting October 26. A developing cyclonic storm will bring heavy rainfall, thunderstorms, and lightning, with Andhra Pradesh and Odisha likely facing the worst of it. Meanwhile, Karnataka and Chhattisgarh will see fluctuating weather patterns, and although Uttar Pradesh is set for dry conditions at first, storms are expected to emerge by the week's conclusion.

As the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a decline after hitting a six-month high, affecting the strength of the dollar. Meanwhile, US Treasury yields remain elevated due to lingering inflation worries connected to the rising oil costs. With five significant central banks likely to hold rates steady, market watchers are keen to decipher forward guidance.

Anil Kapoor couldn't hold back tears as he recalled his friendship with the late Satish Kaushik on a recent TV show. Meeting contestant Gagan, who looked remarkably like Kaushik, sparked memories of their long-held dream to act as twins in a film. The moment turned nostalgic as they quoted a popular line from Mr India.

Saudi Arabia has announced its intention to store crude oil in Singapore's Jurong Rock Caverns by 2027. This arrangement will enhance the resilience of the Saudi crude oil supply chain in Southeast Asia. Additionally, it will contribute to Singapore's energy security amid potential supply disruptions. A memorandum of understanding will be signed between Saudi Aramco and local authorities to formalize this agreement.

Foreign investors may return to Indian equities only if crude oil prices cool, according to Ashutosh Tiwari, managing director and chief investment officerpublic equities at Equirus Asset Management. While valuations have corrected and earnings growth is expected to improve, rising oil prices have emerged as the key trigger behind renewed FII selling and remain the biggest hurdle to a sharper market re-rating.

During a campaign rally in Michigan, President Donald Trump linked Abdul El-Sayed to Muslim extremists and 9/11 attackers. He warned voters that choosing El-Sayed would allow a jihadist into the Senate. Trump's comments were met with applause from supporters, while some attendees shouted insults at El-Sayed. Former US Representative Mike Rogers accused El-Sayed of having ties to the Muslim Brotherhood without providing evidence.

The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

Brazilian Senator Flavio Bolsonaro has refused to concede defeat to President Luiz Inacio Lula da Silva and said he would seek to annul the presidential runoff. Bolsonaro called a Supreme Court justices decision to extend voting by two hours unacceptable, challenging the conduct of an election that secured Lula a fourth non-consecutive term.

Gold prices dipped close to a three-month low, reflecting worries from investors as the Federal Reserve meeting approaches. While an interest rate hike appears more likely for December, this weeks chances remain low. In the oil market, prices fell back after a prior rise, amid ongoing supply worries linked to conflicts.

Oil prices took a dip on Monday after peaking at six-month highs due to rising supply concerns stemming from ongoing militant attacks. US crude futures tumbled sharply, with Brent crude following suit. The heightened fears arose from the recent Houthi attacks in Saudi Arabia, especially after a notable price spike last Friday.