Trent led the Nifty 50 gainers, rising 6.3% to ₹3,041.90; IndiGo gained 3.42% to ₹4,835, hitting a session high of ₹4,869
Wall Street’s leading alternative asset managers are ramping up investments in AI infrastructure, betting on long-term leases and creditworthy tenants to secure predictable returns. However, rising debt levels among neoclouds and concerns over AI spending returns are bringing private credit risks into focus.
Amazon shares fell more than 9% after its third-quarter revenue and earnings missed expectations, while heavy AI investment pushed free cash flow into negative territory. AWS delivered strong growth, but cautious holiday-quarter guidance and plans for about $220 billion in 2026 capital expenditure heightened concerns over spending and future returns.
Bitcoin fell more than 4% to a six-week low below $78,000, while Ether and BNB also slumped after a reported $6.3 billion security breach at Binance rattled crypto markets. Analysts flagged key support levels and advised investors against panic selling or aggressive dip-buying, favouring staggered entries and smaller positions.
The closure of the Air Force Sports Complex on October 28 is the latest development in the government's drive to reclaim prime land near Lok Kalyan Marg. After taking over the Delhi Race Club and Jaipur Polo Ground and terminating the Delhi Gymkhana Club's lease, questions remain over the Centre's plans for these properties.
A special court in Delhi denied the CBI's request for additional charges against Kapil Wadhawan and Dheeraj Wadhawan. The court stated that it could not review its earlier decisions except for clerical errors. Special Judge Sanjeev Kumar Malhotra noted that charges had already been properly framed against the accused. The CBI's arguments for new charges were deemed unsubstantiated and informal.
Coal India shares fell 3% despite a 57% year-on-year rise in Q2 FY27 net profit to Rs 6,547 crore. Jefferies and JM Financial cut their target prices to Rs 460 and Rs 438, respectively, while Motilal Oswal retained its Buy rating with a Rs 450 target, citing a potential volume recovery.
Elon Musk has urged voters to back Republican Senate candidates in the November 3 midterms, warning that a future Democratic sweep of the presidency and Congress could lead to changes such as DC and Puerto Rico statehood and an expanded Supreme Court. His intervention comes as he pours hundreds of millions of dollars into Republican candidates and political groups, making him one of the most influential donors of the election cycle.
