Crude fears clip wings; Axis Bank dives 3.84% as Sensex, Nifty open flat

Global Market Today: Asian shares fall as AI spending worries weigh on sentiment

A fall in oil prices offered some support to bonds and Wall Street stock futures, limiting Asia's losses. Oil fell following US President Donald Trump's decision to waive some sanctions on Russia, though he later said a final decision on the matter had not been made.

Girish Park Police Station OC removed following Kolkata Pandal Stampede; Hirak Dalapati given interim charge

Sumit Kumar Ghosh, the Officer-in-Charge of Girish Park Police Station, has been removed following a deadly stampede. The tragic event at Chorbagan Durga Puja pandal resulted in 19 fatalities during the celebrations. Seven individuals connected to the incident have been remanded to police custody for ten days. Kolkata Police are enhancing security with experienced officers for ongoing Durga Puja festivities.

Girish Park Police Station OC removed following Kolkata Pandal Stampede; Hirak Dalapati given interim charge

Sumit Kumar Ghosh, the Officer-in-Charge of Girish Park Police Station, has been removed following a deadly stampede. The tragic event at Chorbagan Durga Puja pandal resulted in 19 fatalities during the celebrations. Seven individuals connected to the incident have been remanded to police custody for ten days. Kolkata Police are enhancing security with experienced officers for ongoing Durga Puja festivities.

Jio Platforms IPO, Paras Healthcare issue to drive primary market activity this week

Jio Platforms is gearing up for an impressive ₹30,213-crore initial public offering, set to debut on October 21. Following suit, Paras Healthcare is also preparing to launch its own ₹1,450 crore IPO. Meanwhile, several companies whose IPOs wrapped up last week will be hitting the stock market this week, including Vaibhav Vyapaar, Ravita Engineering Services, and Shellz India. This week undoubtedly showcases dynamic shifts in the primary market landscape.

Putin proposes three-way summit with Trump and Xi to negotiate Ukraine conflict: Report

Vladimir Putin has proposed a trilateral summit next month with Donald Trump and Xi Jinping to address the Ukraine conflict. The initiative appears to leverage improving relations between Trump and Putin amid concerns from Ukraine and European allies. Discussions regarding the meeting are ongoing, with confirmation from Kremlin spokesperson Dmitry Peskov about the talks. Trump, while not formally agreeing to the summit, has shown potential openness to resolve the war.

Oil tanker on fire after hitting mine in Hormuz: Iran's Guards

An oil tanker struck a mine south of the Strait of Hormuz, resulting in significant damage after the explosion. The tanker was reportedly navigating in an unauthorized area, disabling its navigation systems. This incident follows a series of similar events where multiple tankers caught fire after hitting mines. The Iranian Revolutionary Guards have threatened vessels that deactivate navigation systems, labeling them as hostile.

Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India

Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends.

D-St set for a cautious opening as GIFT Nifty signals muted start

The Benchmark Nifty saw a 0.7% rise, signaling a continuation of its positive trajectory. Market analysts foresee a period of consolidation ahead, with a gradual uptick on the horizon. The key resistance levels for the index are 22,650 and 22,800, while support is noted at 22,500. Additionally, foreign portfolio investors recorded net buys of Rs 1,165 crore, contrasting with a trend of domestic outflows.

AI and the Future of Learning | Google DeepMind’s Lila Ibrahim | Corner Office Conversation

AI and the Future of Learning | Google DeepMind’s Lila Ibrahim | Corner Office Conversation

Pharma Q2 Outlook: Pricing pressure, US competition to weigh on select players

India's pharmaceutical companies are expected to have a mixed performance in the upcoming September quarter. Companies like Sun Pharmaceutical Industries and Aurobindo Pharma are likely to report good growth. In contrast, Dr Reddy's Laboratories and Lupin may face challenges due to increased competition and a high base. Pricing pressure and elevated raw material costs are also expected to impact overall performance.

Nifty rally faces crucial test at key resistance levels: Analysts

Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. Meanwhile, Bank Nifty is approaching significant resistance, which may hinder further upside potential shortly. Key stocks like Coforge, Kotak Bank, and Indian Hotels present buying opportunities based on technical analysis.