Business

26

Oct

By The Press Editor

Business

Markets rebound to end volatile session on strong note, Sensex and Nifty end over 0.60% higher

Benchmark indices Sensex and Nifty snapped a four-day fall to end on a strong note today, supported by value buying and strength in metals, power and healthcare.  However, elevated crude prices and geopolitical uncertainty kept sentiment measured. The 30-share BSE Sensex jumped 482.92 points, or 0.66 per cent, to 73,606.75. During the day, the benchmark hit a high of 73,606.75 and a low of 72,514.57, gyrating 1,092.18 points. Similarly, the 50-share NSE Nifty gained 153.20 points or 0.68 per cent to close at 22,753.20. Similarly, the broader market ended the session in the green. The BSE MidCap Select Index jumped 246.97…

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26

Oct

By The Press Editor

Business

Newly listed stock in focus as company shares update with exchanges, Q2 net profit at Rs 58.49 crore

Shares of Waterways Leisure Tourism Limited, operator of Cordelia Cruises, are in focus as the company has shared details of its two-ship operations. According to the information shared, the company has officially launched its two-ship operations. Amid this, stock remained volatile today. The counter opened in green amid weakness in the benchmark indices. It started the trading session at Rs 93.70, up Rs 2.7 or 2.96 per cent from the previous close of Rs 89.95 on the BSE. The stock later touched the intraday high of Rs 92.75 and low of Rs 88.50 on the BSE. Last seen, the stock…

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26

Oct

By The Press Editor

Business

Jio Platforms IPO shatters records as Rs 7.4 lakh crore in bids exceeds combined budgets of 26 states

Reliance Industries-backed digital services company Jio Platforms' initial public offering (IPO) has created a history. The public issue attracted strong response from investors and shattered all previous global records. Including public and anchor bids, this IPO received a record-breaking total of Rs 7.4 lakh crore. The total bid amount for this single IPO is larger than the annual budgets of 26 Indian states. IPO outpace budget of 26 states The total bid value of Jio Platforms' IPO was Rs 7.4 lakh crore, far more than the total budget expenditure of many major states for the financial year 2026-27. Rajasthan:…

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26

Oct

By The Press Editor

Business

Bank Holiday Today: Why are banks closed in these cities on October 26? Check full list by RBI

Banks in several cities across India will remain closed today, i.e. on October 26, 2026. Banks are closed in these cities due to a regional festival and special occasions. Therefore, if you have important bank-related work like cash deposits, cheque clearance, or other tasks and plan to visit your nearest branch, check the holiday list before leaving home. According to the Reserve Bank of India (RBI) holiday calendar, banks are scheduled to remain closed in five cities, including Agartala. Banks in other cities may remain open as usual. City-wise bank holiday list for October 26, 2026 According to RBI's holiday…

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26

Oct

By The Press Editor

Business

Defence stock below Rs 500 opens in green even as markets decline, here’s what’s behind the rally

Shares of defence company Apollo Micro Systems opened in green even as the stock market declined amid high crude oil prices and global uncertainties. The stock opened gap up at Rs 390.70, with a gain of Rs 16.8 or 4.49 per cent from the previous close of Rs 373.90 on the BSE. It continued to gain, and amid a spurt in volume by more than 1.83 times, it hit an intraday high of Rs 410, representing a gain of Rs 36.1 or 9.65 per cent. Last seen, the stock traded at Rs 395.55, up 21.85 or 5.84 per cent. The…

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26

Oct

By The Press Editor

Business

Jio IPO allotment status: Here’s how to check it on KFintech, NSE and BSE; latest GMP and listing date

Reliance Industries-backed digital services company Jio Platforms' initial public offering (IPO) received a strong investor response and closed with bids for 22.19 times the shares on offer. Moreover, total demand across the public issue and anchor investor placement crossed Rs 7.4 lakh crore, and applications approached a world-beating 1.39 crore in an unprecedented response. According to data available on the National Stock Exchange (NSE), investors bid for 438.3 crore shares against 19.75 crore shares on offer.  Institutional demand was the strongest component of the offering. Qualified institutional buyers bid for 345.8 crore shares against 4.9 crore reserved, taking their category…

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26

Oct

By The Press Editor

Business

26 October, 2026 Stock Market Updates: Sensex sheds 133 points, Nifty near 22,500 amid elevated crude price

Indian equity benchmark indices, the Sensex and Nifty, started the session in the red on October 26, 2026, as elevated crude oil prices, escalating geopolitical tensions and uncertainty over the US Federal Reserve’s policy outlook weighed on investor sentiment. The 30-share BSE Sensex fell 133.79 points, or 0.18 per cent, to start the session at 72,990.04, while the Nifty shed 75.60 points to open at 22,524.40. In the last trading session, the Sensex closed at 73,123.83 and the Nifty 50 at 22,600. Similarly, the broader indices traded mixed in the opening session. While the BSE Midcap Select Index fell 109.17 points,…

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24

Oct

By The Press Editor

Business

Mall-like facilities will be available at this railway station where you can enjoy dining, shopping

Guwahati: The Indian Railways passengers will now get mall-like facilities at the railway station itself. The Northeast Frontier Railway (NFR) zone of Indian Railways inaugurated 'The Terminal' at Guwahati Railway Station in Assam on October 23. The Railways has added a new dimension to passenger amenities at the railway station. This place has been specially designed for food, shopping and entertainment. Located on the old Passenger Reservation System (PRS) building area on Station Road, Panbazar, The Terminal provides a convenient place for food, drinks and relaxation to passengers, their families and other visitors. Railways awards contract for 5 years for…

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23

Oct

By The Press Editor

Business

Jio Platforms IPO subscription soars to 16.24X on final day of bidding, QIB demand surges past 47X

India's biggest initial public offering (IPO), Jio Platforms' Rs 30,200-crore issue, witnessed a strong demand during the three-day subscription window. The issue was subscribed 22.19 times, with investors bidding for 438.26 crore shares against 19.75 crore on offer, with institutional investors driving demand. Qualified Institutional Buyers (QIBs) bid 345.75 crore shares against 4.90 crore reserved, or 70.55 times. Retail Individual Investors bid 23.11 crore shares against 7.60 crore shares on offer, or 2.72 times. Shareholders' reservation portion is at 7.60 times, while the employee reservation is at 2.93 times. Non-Institutional Investors were at 14.00 times. The IPO comprised an entirely fresh issue of 27 crore shares. First IPO to cross…

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23

Oct

By The Press Editor

Business

Healthcare stock in focus as company completes manufacturing capacity expansion ahead of schedule

Shares of Lord's Mark Industries are likely to be on investors' radar after the company informed exchanges that it completed its manufacturing capacity expansion at Silvassa ahead of schedule. This will help the firm in strengthening its production readiness for international markets. Amid this, the stock opened in the green at Rs 72.90, up Rs 1.25 or 1.74 per cent from the previous close of Rs 71.65 on the BSE. The counter gained further to touch the intraday high of Rs 73.80 before witnessing profit booking. The counter fell to Rs 68.07, down Rs 3.58 or 4.99 per cent. The…

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