Insurance stocks led losses among Nifty 50, with Shriram Finance down 4.11% to ₹947.35
RBI Governor Sanjay Malhotra said the central bank may take further steps to curb speculative forex trading and ensure orderly movement in the currency market. He said recent restrictions aim to support genuine hedging needs, not impose capital controls.
The US Justice Department has directed California officials to investigate alleged noncitizen voters within 48 hours. It has demanded that ballots from these voters be withheld until their citizenship is confirmed. The department underlines its commitment to ensuring election integrity and may take legal action if demands are not met. Allegations of widespread voter fraud by noncitizens persist despite evidence showing this is rare.
Swadeshi Jagaran Manch has raised concerns about Starlink's potential threat to national security in India. The organization argues that the service could bypass local regulations and compromise user data security. Additionally, unauthorized Starlink terminals have been found in India, raising fears about misuse by anti-national elements. A research paper highlights Starlink's role in asserting US geopolitical influence through advanced technology.
Saurav Das, Ashutosh Ranka Jail Reason: CJP leaders Saurav Das and Ashutosh Ranka have been sent to five days of judicial custody after Delhi Police detained them over their alleged entry into Jantar Mantar, which has been de-notified as a protest site. The action came days after their release on a one-year peace bond. Another CJP functionary, Ajinkya Shinde, has reportedly been released.
Five Nifty500 stocks that gained over 5% on October 13 featured in StockEdge’s White Marubozu scan, indicating strong buying momentum during the session.
A US federal judge has extended an order preventing the Trump administration from banning certain reporters from the White House. US District Judge Timothy Kelly ruled that CNN, MS NOW, and Politico have strong constitutional claims. The judge emphasized that concerns regarding the media's accuracy and fairness are valid. He ordered the restoration of the reporters' press credentials while the case continues.
Four NSE F&O stocks, including RBL Bank, Ujjivan Small Finance Bank, Tube Investments of India, and Hyundai Motor India, saw a surge of over 10% in futures open interest on October 13, according to StockEdge data. The rise signals fresh position building and increased trader activity in these counters.