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Get the appGetIndia's stock market experienced a decline with the Sensex falling over 536 points and the Nifty dropping below 22,500. The downturn was driven by elevated crude oil prices holding above $100, weakness in the rupee, and selling pressure in the IT sector. Market sentiment was also affected by uncertainty surrounding the US Federal Reserve's policies.
Crude Oil Prices Today | OilPrice.com·
BusinessPhoto: News18 BusinessAs Diwali approaches, buyers are favoring lightweight gold jewellery over heavy designs due to shifting preferences for versatile, everyday wear and long-term value. Global geopolitical tensions, including the US-Iran conflict, have caused gold prices to drop over 26% and silver over 53% since January. Inflation and tighter monetary policies add uncertainty, prompting caution in large commodity investments, says analyst Manav Modi of Motilal Oswal.
News18 Business·
BusinessPhoto: Deccan HeraldUnion Minister Hardeep Singh Puri stated that India has not faced any pressure from the US to reduce its Russian crude oil imports. He noted that India’s imports from Russia surged after the Ukraine war due to discounts, while Middle Eastern oil supplies have increased. Indian refiners are now buying more Gulf oil at discounted rates, reducing Russian oil imports. India is also expanding refining capacity to meet local demand.
Deccan Herald·
SciencePhoto: Aaj TakCyclone Arnab has intensified into a very severe cyclonic storm. It is expected to make landfall near Yanam, between Bapatla and Visakhapatnam, on October 28 with wind speeds of 125-135 km/h, potentially reaching 150 km/h. Fishermen have been warned not to venture into the sea until October 30 due to dangerous conditions.
Aaj Tak··Yanam
SportsPhoto: Hindu SportSai Swaroop V., a 16-year-old Class XI student from San Academy, Chennai, uses his free time to teach chess to underprivileged children. He has conducted free workshops for five years, both in orphanages and online. An Arena International Master, Sai aims to mentor children confidently on the chessboard. He has worked with organizations like Aravindh Foundations and Ramalinga Adigalar Gurukulam.
Hindu Sport··Chennai
BusinessPhoto: Mint MarketsAditya Birla Capital expects a durable upcycle in the Indian steel sector due to tightening supply, resilient demand, and trade protection measures. It recommends buying JSW Steel and SAIL stocks, assigns an Add rating to Tata Steel and Jindal Steel, and initiates Positive coverage on ArcelorMittal, highlighting capacity growth and margin recovery prospects.
Mint Markets·
Crude Oil Prices Today | OilPrice.com·
India's stock market experienced a decline with the Sensex falling over 536 points and the Nifty dropping below 22,500. The downturn was driven by elevated crude oil prices holding above $100, weakness in the rupee, and selling pressure in the IT sector. Market sentiment was also affected by uncertainty surrounding the US Federal Reserve's policies.
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