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BusinessPhoto: ET MarketsIndian markets declined due to pressure from banking stocks and high oil prices. Across Asia, market performance was mixed: South Korea rebounded 1.8% after last week's losses amid concerns about excessive AI investments, Taiwan dropped 0.6%, and Indonesia fell 3.6% following MSCI's warning of a downgrade from the emerging market basket.
ET Markets·
BusinessPhoto: Amar BusinessTo control rising demand and prices of pulses during the festival season, the government has directed Nafed to release about 1.9 lakh tonnes of moong from its 2025 buffer stock by the end of October. Nafed will sell these pulses in the open market to ensure adequate supply. Additionally, a 3.9 lakh tonne 2026 buffer stock is available for future use if needed.
Amar Business·
BusinessPhoto: News18 BusinessBanks in most parts of India will remain closed on Tuesday, October 20, 2026, due to Dussehra and other regional festivals. The Reserve Bank of India has declared a bank holiday in major cities for observances like Dusshera, Maha Navami, Ayudha Pooja, and Durga Puja. Branches of SBI, HDFC, ICICI, PNB, and Bank of Baroda will be closed except in Gangtok and Imphal, where banks remain open.
News18 Business·
BusinessPhoto: News18Hi BusinessOn October 20, banks including SBI, HDFC, ICICI, and PNB will be closed in many Indian cities such as Agartala, Mumbai, New Delhi, Kolkata, Bengaluru, Chennai, and Lucknow due to Dussehra, Vijayadashami, Mahanavami, Ayudha Puja, and Durga Puja. RBI's bank holiday calendar confirms closures, but internet banking, mobile banking, UPI, and ATM services will remain operational. Banks will also be closed on October 24 and 25 due to the fourth Saturday and Sunday.
News18Hi Business·
PoliticsPhoto: NDTVUnion Home Minister Amit Shah will inaugurate and lay foundation stones for 43 Delhi Jal Board projects worth Rs 8,941.22 crore on October 22, announced Water Minister Parvesh Sahib Singh. These projects aim to improve water infrastructure in Delhi, enhancing supply and management across the city.
NDTV··Delhi
BusinessPhoto: ET MarketsGold prices slipped by 0.3% in early Asian trading as investors awaited the US Federal Reserve's policy decision scheduled for October 27-28. Market focus is on interest rate signals and upcoming US Personal Consumption Expenditures data, a key inflation gauge. The Fed raised rates by 25 basis points in September and traders expect rates to hold next week, with a December hike likely. Bank of Japan noted inflation nearing 2% target amid strong AI demand.
ET Markets·
ET Markets·
Photo: ET MarketsIndian markets declined due to pressure from banking stocks and high oil prices. Across Asia, market performance was mixed: South Korea rebounded 1.8% after last week's losses amid concerns about excessive AI investments, Taiwan dropped 0.6%, and Indonesia fell 3.6% following MSCI's warning of a downgrade from the emerging market basket.
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