Latest Financial News & Market Updates
- The Cabinet Committee on Security cleared a ₹40,000 crore proposal to build eight Next Generation Corvettes for the Indian Navy by 2030.
- The Bank of Japan kept rates unchanged at 1.25 percent but signaled inflation hit its 2 percent target, paving the way for a potential rate hike in December.
- The Finance Ministry defended the strategic disinvestment process of IDBI Bank, clarifying that the reserve price was neither reduced nor increased after initial bids failed to meet the threshold.
- India economy is estimated to grow by 7.35% in FY27, backed by strong domestic demand and structural reforms, despite global and geopolitical risks.
- Commerce Minister Piyush Goyal said India would celebrate once the trade deal’s details are public, defending the agreement and warning against joining the RCEP trade bloc.
- India’s 10-year government bond yield is nearing 7.5%, a level last seen in 2022, as high oil prices and rupee weakness fuel rate-hike concerns. Some investors now see the selloff as a buying opportunity, despite risks of further yield increases.
- The Department of Public Enterprises revised Industrial Dearness Allowance rates for executives and non-unionised supervisors of Central Public Sector Enterprises, effective October 1.
- Federal Reserve Chairman Kevin Warsh announced the central bank will dedicate one scheduled policy meeting in 2027 and two in 2028 to broad strategic discussions rather than monetary policy decisions.
- Pilot projects across 10,000 acres in six states are testing whether green ammonia applied directly to soil can reduce fertiliser costs. India is also expanding green fuel exports to Japan.
- From November 1, eligible small e-commerce sellers can use platform warehouses as their principal place of business in other states, easing GST registration requirements and potentially helping 9.5 lakh sellers reach customers nationwide.
- Q2 Results Live Updates: Reliance Industries will be the result of the day to track. Numbers will be reported after market hours. Sun Pharma, BEL, Bank of Baroda, Dixon Tech, Delhivery, and others will also report results today. Coal India, Trent, Suzlon react to numbers. Follow for Live updates.
- Sensex Today | Stock Market LIVE Updates: The markets are moving with a bagful of caution as the Nifty chases the 23,000 mark. While the index looks set for a positive weekly end, its remains muted. Nifty Bank meanwhile is trading lower, with cuts of 100 points. Trent, IndiGo and Sun Pharma are the top […]
- Binance froze 3 billion dollars in crypto assets amid a potential security breach, working alongside Circle, Tether, and law enforcement. The incident caused a wider market decline for bitcoin and eth
- On Thursday, index service provider MSCI had announced that it will defer the deletion of Polycab India from the MSCI indexes pending further developments and clarifications from relevant authorities.
- While management addressed concerns around yields and non-fuel costs, Jefferies cautioned that earnings remain sensitive to fuel prices. It has cut its FY27 and FY28-FY29 earnings per share estimates by 9% and 2%, respectively.
- PL Capital's Amisha Vora upgrades Hindustan Unilever to Buy and highlights opportunities in consumer stocks, while identifying growth prospects in Coal India and Trent.
- The two-day fall has also erased all the year-to-date gains for shares of Equitas Small Finance Bank shares, which are now down 23% for the year so far. The stock has lost over ₹2,000 crore in market capitalisation after this two-day fall.
- The CFTC is investigating whether prediction market operator Polymarket violated a 2022 enforcement deal by failing to properly ban US users from its overseas platform.
- Sun Pharmaceutical Industries Ltd. received US FDA approval for ILUMYA to treat adults with active psoriatic arthritis, expanding its use from plaque psoriasis.
- Investec, ICICI Securities, and UBS all have "buy" ratings on Suzlon Energy, with price targets of ₹56, ₹55 and ₹58 respectively. None of the 11 analysts tracking the company have a "sell" rating on the stock.