Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Friday on mixed global cues. While Nifty50 was near 25,850, BSE Sensex was below 84,400.
Stock market recommendations: Bajaj Broking Research identifies NBCC and Sagility as top stock picks for October 31, 2025. The Nifty is consolidating within a bullish structure, with support at 25,700-25,500, while Bank Nifty maintains a bullish outlook, eyeing a breakout above 58,577.
America faces a severe penny shortage after President Trump halted production. Retailers and banks are struggling with cash transactions, with some businesses offering incentives to bring pennies back. The abrupt decision, aimed at cost-saving, has left commerce in disarray, prompting calls for government clarity as the holiday season approaches.
A taxpayer successfully challenged the tax department’s decision to treat a large cash deposit as presumptive business income. The Income Tax Appellate Tribunal ruled that the Assessing Officer exceeded his jurisdiction by expanding a limited scrutiny case without proper approval, reinforcing taxpayer rights.
US mortgage rates have reached their lowest point in over a year, with the 30-year fixed rate dropping to 6.17%. This offers some relief to the housing market, which has been sluggish since rates rose above 6% in September 2022. While the Federal Reserve has cut its benchmark rate, future reductions remain uncertain, potentially impacting…
US sanctions on Russia’s Rosneft and Lukoil are unlikely to halt Indian and Chinese crude purchases, though short-term disruptions are anticipated. While buyers reassess risk, direct purchases by non-US entities remain legally permissible, suggesting major export disruptions are improbable.
US markets saw mixed results as Big Tech earnings presented both positive and negative signals, while renewed optimism around US-China trade ties emerged. The Dow Jones Industrial Average gained, but the S&P 500 and Nasdaq composite experienced slight declines. Investors are also reacting to Federal Reserve caution on interest rates.
Online brokerage Groww is poised for a significant IPO in 2025, with a potential valuation of $8 billion. The issue, opening November 4, includes a fresh equity sale and an offer for sale by early investors. Strong earnings recovery and a diversified portfolio beyond broking position Groww for success, potentially boosting investor sentiment for Indian…
