In a holiday-shortened week the Sensex fell 1,605.44 points, or 2.15%, and the Nifty 546.15 points, or 2.36%. Eight of the 10 most valuable firms lost Rs 1.55 trillion in market value, led by HDFC Bank and Bajaj Finance.
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The selloff, triggered by surging crude prices amid the West Asia crisis, wiped out nearly Rs 21 lakh crore of investor wealth as benchmarks fell for four sessions. Mint looks at key levels for banking stocks.
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The 10-year benchmark government bond yield rose to 7.474% on 23 October from 7.193% on 6 October, about 28 basis points, since the RBI's October policy review. The rise threatens to increase the government's borrowing costs.
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Foreign investors have withdrawn Rs 48,056 crore from Indian shares this month amid elevated crude prices and Middle East tensions. They moderated selling last week and were net buyers on two days, signalling some easing.
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Brent crude is nearing $120 on escalating Saudi and Houthi tensions, BusinessLine reports. The Budget estimated fertiliser subsidy at Rs 1.70 lakh crore, and outgo has already crossed Rs 1.03 lakh crore in five months, though economists see some tailwinds.
Read more at BusinessLine →SBI Securities' Sudeep Shah told ETMarkets the Nifty's recovery hit a wall at the 38.2% Fibonacci retracement level near 23,200, triggering another wave of selling after the index fell 2% this week.
Read more at The Economic Times →Coal India, NTPC, L&T, Maruti Suzuki and Vedanta are in focus as more than 450 companies announce September quarter earnings this week, with names such as Ather Energy and Kfin Technologies reporting on 26 October.
Read more at ET Now →EAAA India Alternatives, SFC Environmental Technologies and M K Sons Fine Jewels are among five companies launching IPOs next week to raise close to Rs 2,600 crore. BLS Polymers and Bombay Coated and Special Steels will also float issues.
Read more at Business Standard →EAAA India Alternatives raised Rs 360 crore from anchor investors ahead of its Rs 1,200 crore IPO, an offer for sale opening on 26 October. Mutual funds took 61% of the anchor book, NDTV Profit reports.
Read more at NDTV Profit →Unlisted Jio Platforms shares were trading at Rs 1,366 in the grey market, a premium of Rs 247, or 22.07%, over the Rs 1,119 upper price band, ahead of this week's listing. The IPO was subscribed over 22 times.
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Analysts expect S&P 500 third-quarter earnings to jump 30% from a year ago, according to FactSet. But ten companies, including Nvidia and Micron, account for roughly two-thirds of the profit growth, the Wall Street Journal reports.
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The Dow closed the week at 52,215.16, up 0.41%, while the Nasdaq fell 0.71% and the S&P 500 0.47%. The Fed raised rates in September for the first time since 2023, and FedWatch shows an 88% chance of no change on Wednesday.
Read more at FX Empire →Moody's kept France's Aa3 rating, a boost for President Macron's government. The agency assumed a deficit-reducing budget for 2027 will be adopted, the Financial Times reports. The full article is for FT subscribers.
Read more at Financial Times →Markets largely expect the Federal Reserve to pause in October while pricing in future tightening risks amid persistent inflation and a shifting labour market. TradingKey looks at what higher Treasury yields and borrowing costs mean for US stocks.
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In Bank of America's October global fund manager survey, 37% of respondents said they had increased technology allocations, which hit a six-year high despite mounting warnings that the AI boom could become a bubble, Seoul Economic Daily reports.
Read more at Seoul Economic Daily →Challenger exchange Cboe has captured nearly half of US ETF listings as competition intensifies, reflecting rapid growth in derivative-heavy funds, the Financial Times reports. The full article is for FT subscribers.
Read more at Financial Times →Hong Kong Exchanges is discussing scrapping the lunch break, an antiquated practice, as Nasdaq plans a move to 23-hour trading, the Financial Times reports. The full article is for FT subscribers.
Read more at Financial Times →Trader Mercuria's case will test the Baltic Exchange's decision to keep publishing price estimates for shipping oil through the Strait of Hormuz during the war, the Financial Times reports. The full article is for FT subscribers.
Read more at Financial Times →Deaths of commercial sailors caught in the fighting between Russia and Ukraine are outstripping deaths in the Gulf, making the Black Sea the deadliest shipping route, the Financial Times reports. The full article is for FT subscribers.
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The RBI's final leverage ratio directions take effect on 1 April 2027, after a draft issued on 7 August drew comments. The ratio measures a bank's Tier 1 capital against its total exposure. The RBI said it incorporated feedback.
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Bank credit growth slowed to 18.2% from 19.4% in the latest fortnight and deposit growth to 16.7% from 17.8%. Deposits stood at Rs 278.76 lakh crore and credit at Rs 227.43 lakh crore, a credit-deposit ratio of 81.59%.
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Prime Minister Narendra Modi inaugurated the RBI's new Data Centre and Cyber Security Training Institute in Bhubaneswar on Sunday, part of India's push for a more secure, technology-driven financial system amid rising digital risks.
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RBI Governor Sanjay Malhotra said risks from AI agents, including reported attacks on banks overseas that stole data, are real but can be addressed by keeping systems secure. Banks are taking steps to plug vulnerabilities, he said.
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Sebi is reviewing short selling and securities lending and borrowing to improve liquidity and price discovery. It is also finalising responsible AI guidelines and planning an AI sandbox, graded broker compliance norms and bond market-making.
Read more at Business Standard →Sebi chairman Tuhin Kanta Pandey said the regulator will bring rules to prevent misuse of brokers' trading terminals. He urged the market ecosystem to treat cyber security as a business priority, not an IT expense.
Read more at BusinessLine →Sebi proposed an automatic approval route letting stock exchanges and depositories deploy funds and undertake activities related to their core functions without prior approval, subject to financial limits and governance safeguards.
Read more at Business Standard →NSE chief Ashish Kumar Chauhan said the exchange is reviewing every component of its network for vulnerabilities amid AI-based cyber threats. He urged brokers to make cybersecurity a core function and called for an industry task force.
Read more at Business Standard →Kotak Mahindra Bank's consolidated net profit rose 26% to Rs 5,645 crore in the September quarter, helped by higher income and lower provisions. Standalone profit rose 29% to Rs 4,212 crore, though margins narrowed.
Read more at The Times of India →IDFC FIRST Bank's Q2 FY27 profit after tax rose 196.5% year on year to Rs 1,045 crore on stronger core operating profit, higher deposits and efficiency gains. Profit fell 2.8% from the previous quarter and return on assets was 0.93%.
Read more at The Financial Express →Bank of India's net profit for Q2 FY27 rose 25.34% to Rs 3,202 crore and operating profit 33.19% to Rs 5,089 crore. Return on assets improved to 1.01% and return on equity to 16.36%.
Read more at Tripura Star News →PNB managing director Chandra told PTI the bank's cost-to-income ratio was 50.38% in the first half, down from 53.3% a year earlier. It aims to go below 50% this year and to around 45% by 2028-29.
Read more at The Economic Times →Central Bank of India reported 187 unauthorised transfers worth Rs 13.97 crore from its settlement account with the RBI between 15 and 17 October, routed to 36 accounts. Mumbai Police registered an FIR against unknown persons.
Read more at NDTV Profit →ISB's Prasanna Tantri called for a voluntary programme involving FCNR deposits, warning depositors not to assume that money is untouched. India's forex reserves have fallen to $721.016 billion, nearly $65 billion below their September peak.
Read more at Business Today →The Ministry of Corporate Affairs extended FY26 deadlines to 31 December for financial statements and 31 January for annual returns, and waived additional fees, amid concerns over glitches on its filing portal.
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Finance Minister Nirmala Sitharaman said UPI transactions have grown nearly 13,000-fold since 2016-17 and the platform now handles more than 2,400 crore transactions a month, showing how digital payments have become part of everyday life.
Read more at The Economic Times →The central banks of Thailand and Malaysia are backing BLOOM, a Monetary Authority of Singapore-led public-private initiative launched last year to advance cross-border settlement in digital money among policymakers, banks and payment networks, Finextra reports.
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Business finance platform Coast raised $35 million in growth equity, taking total funding to nearly $226 million. It will expand its platform for trade and service businesses and invest in AI expense automation and payables tools.
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Mural raised $15 million to give fintechs a single system of record for cross-border money movement. AlleyWatch notes stablecoin payments roughly doubled in 2025 to about $390 billion as software agents begin to initiate transactions.
Read more at AlleyWatch →Rebill closed a $5.4 million pre-Series A round, taking total funding past $9 million since 2020. Vercel founder Guillermo Rauch invested again, alongside a SpaceX executive, the Argentine company told Finextra.
Read more at Finextra →Smart money app Plum has been authorised by the UK Financial Conduct Authority to offer Targeted Support through Saveable Limited, letting it give ready-made savings and investment suggestions to groups of consumers with shared characteristics.
Read more at Finextra →A year after restarting operations, WazirX says it has rebuilt its security and is focusing on recovering value for customers and creditors, rebuilding trust and using AI tools to improve trading outcomes, Shetty told Business Standard.
Read more at Business Standard →Shopkeepers in Bhubaneswar and Cuttack are being warned about fake UPI payment confirmations during festive shopping. A suspected case was reported from Minabazar in Sonepur, where a customer allegedly showed a fake payment screen, Prameya News reports.
Read more at Prameya News →A CQF Institute study, part of Fitch Learning, found pay for quantitative finance professionals rose across all six major quant paths it covered, despite the increased use of AI, keeping it among the best paid jobs in finance.
Read more at Finextra →A Finextra blog argues prediction markets badly need clear communication about what they are, who they are for and why they are needed, as the public meets different versions of them on subway turnstiles and on CNBC.
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A few banks still offer senior citizens high rates on five-year fixed deposits up to Rs 3 crore, The Economic Times reports, with Suryoday Small Finance Bank offering 8.5%. It lists the banks paying the most.
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ICICI Bank raised FD rates by 10 basis points on select tenures, and Indian Bank by 15 basis points on its 555-day and 777-day special FDs, for deposits below Rs 3 crore. Senior citizens can now earn up to 7.30%.
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Anyone with a long-term capital gain from selling land or a building can reduce tax by investing it in specified bonds under Section 54EC, subject to limits, deadlines and holding periods. Mint explains the corresponding rule under the Income-tax Act, 2025.
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MCX gold futures settled at Rs 1,42,024 per 10 grams on Friday, 21.43% below the record Rs 1,80,779 set on 29 January 2026, and down 4.7% in October. Mint asks whether Diwali is the right time to buy.
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Term insurance pays a death benefit to beneficiaries if the policyholder dies during a fixed term, typically 10 to 40 years. Mint explains how nominees can receive the money as a lump sum or in instalments.
Read more at Mint →Purchases of retirement funds have risen over 50% and almost 80% of investors choose SIPs, mutual fund experts Hemant Rustagi of Wiseinvest and Vishwajeet Parashar told Zee Business, saying more people now treat retirement as a goal.
Read more at Zee Business →An Abakkus Mutual Fund analysis of Nifty 50 Total Return Index returns from April 2005 to September 2026 offers lessons for investors wondering whether to sell during market corrections, Mint reports.
Read more at Mint →With the US 10-year Treasury yield near 5%, up from about 4% a year ago, and Brent above $110, gilt fund investors must choose between locking in higher yields now or waiting for a better entry point, Mint reports.
Read more at Mint →Specialised investment fund assets reached Rs 38,287 crore in September 2026. AlphaGrep Mutual Fund CEO Bhautik Ambani explains how SIFs differ from regular mutual funds and the risks investors should weigh.
Read more at The Federal →ITAT Bangalore ruled that a delay in filing Form 67 does not stop a taxpayer from claiming foreign tax credit for taxes paid in the USA, in a case involving a man from Dombivali over a Rs 1.79 lakh credit.
Read more at The Economic Times →The Economic Times explains when legal heirs who give up their share of a property in someone else's favour may need a release deed, citing a Bombay High Court case where a mother signed a relinquishment deed.
Read more at The Economic Times →The Economic Times lists seven discount and cashback credit cards for online festive shopping in 2026, one of them lifetime free, and explains what to check beyond the headline offer before choosing one.
Read more at The Economic Times →Banking and markets roles checked today, fintech included. Every listing links to the original posting. Salary negotiation sold separately.
Upcoming fintech festivals and finance summits, each checked against its own page this morning. Lanyards are not an asset class.
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