The Indian currency strengthens in early trade amid positive domestic equities and foreign dollar inflows linked to the Jio IPO, while elevated crude oil prices and a firm US dollar limit further gains.
Strong quarterly earnings, record mined metal production and higher realisations support sentiment, but analysts remain divided on the stock’s outlook as silver price volatility creates uncertainty.
Shares of the fire protection equipment manufacturer opened at ₹334 on the BSE and ₹335 on the NSE against an issue price of ₹271, reflecting strong investor demand and substantial oversubscription.
The veteran market commentator expects continued pressure on global equities, including India, as elevated interest rates, stretched technology valuations and foreign investor outflows challenge market returns.
India's largest public-sector lender says exposed information includes personal details and loan records; an independent cybersecurity agency has been engaged to investigate the breach as banks face growing threats from data theft and digital fraud.
A possible combination of the electric vehicle maker and the aerospace giant could bring AI, robotics, semiconductor design and satellite connectivity under one corporate structure.
Precious metals face renewed selling pressure as higher oil prices and geopolitical tensions in West Asia raise concerns over persistent inflation; MCX gold trades near ₹1.46 lakh per 10 grams and silver approaches ₹2.10 lakh per kg.
Indian IT stocks extend their October rally, with the Nifty IT index rising 16% during the month; L&T Technology Services posts double-digit revenue growth, expands margins and reports more than $200 million in large deals.
Indian equities rally in early trade on October 21 as global market strength lifts investor sentiment; strong quarterly earnings drive gains in IT stocks.