Japan’s Nikkei rose 1.34%, tracking Wall Street’s technology-led rally, as semiconductor stocks gained. Investors remain cautious ahead of the US Federal Reserve’s policy decision, corporate earnings and geopolitical developments.
Cyclonic Storm Arnab is expected to intensify as it approaches the Andhra Pradesh coast on October 28. The Union Ministry of Civil Aviation has organized a meeting to ensure aviation safety during this period. Flights to and from coastal regions, including Visakhapatnam, Vijayawada, and Rajahmundry, are facing significant disruptions. Airlines have been advised to assist passengers and adhere to operational guidelines amid adverse weather.
United Breweries shares surged by 14.44% as the company announced a staggering 191% jump in net profit, now at Rs 135 crore for the September quarter of FY27. Additionally, net sales increased by 24% to reach Rs 2,537 crore, driven by strong premium beer sales. However, despite this impressive performance, the stock has seen a decline of about 30% over the previous year.
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
The Tamil Nadu government has revised autorickshaw fares across the state for the first time in 13 years. Under the new rates notified on October 27, the minimum fare is Rs 50 for the first 1.8 km, followed by Rs 25 per additional kilometre. The revised structure also sets higher night fares, ghat charges and waiting fees.
Chinese and Hong Kong stocks rebounded after two sessions of losses, led by technology shares amid renewed optimism over artificial intelligence demand following SK Hynix’s stronger-than-expected earnings. However, weak consumption and disappointing results from liquor maker Wuliangye continued to weigh on sentiment.
Indian government bonds experienced a significant decline after a prior rally due to rising oil prices. Brent crude oil prices increased following concerns over supply disruptions in Saudi Arabia. The US 10-year Treasury yield also rose, affecting the attractiveness of Indian debt. Markets are anticipating the Federal Reserve's policy decision and rate outlook, impacting investor sentiment.
Delhi’s IGI Airport has a UDAN Yatri Café in Terminal 3’s check-in area, offering tea for Rs 10, coffee for Rs 20 and selected snacks and sweets for Rs 20. The initiative has expanded to airports across India, with the government aiming to make basic refreshments more affordable for air passengers.
Gold and silver prices have corrected sharply from their January peaks, raising questions about whether the fall offers a buying opportunity ahead of Dhanteras and the wedding season. Experts recommend staggered purchases over lump-sum investments, while highlighting interest rates, the US dollar, inflation and industrial demand as key drivers of prices.
