Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe?
The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the upper end of the price band, the grey market premium points to an indicative listing price of Rs 1,364 per share.
Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure.
Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy.
Oil Price Today (October 20): Crude oil nears $110 again as fresh attacks outweigh easing Russian sanctions. What are experts saying?
Brent crude futures gained 21 cents, or 0.20, to $109.76 a barrel, while US West Texas Intermediate (WTI) crude futures for November delivery, which expire on Tuesday, rose 0.11% to $104 a barrel. Brent had climbed to $110.70 a barrel in the previous session, its highest level since May 20.
Stock Market Holiday 2026: Is stock market closed today for Dussehra? Check remaining holidays for the year
A total of 16 stock market holidays have been scheduled for 2026, out of which twelve have already passed. After the Dussehra holiday, trading will remain suspended on three more occasions over the remaining two months of the year.
Global Market Today: Asian stocks decline in break from US chip rally
Losses were led by a more than 2% drop in South Korea’s Kospi Index — a bellwether for artificial intelligence investments — as chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul.
Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
Oil prices fell on Tuesday as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view.
Brokerages back ICICI Bank on strong Q2 earnings, see HDFC Bank recovery ahead
Brokerages remain optimistic about ICICI Bank’s strong earnings and asset quality after the recent quarter. However, HDFC Bank’s profit growth was modest, and margins are under pressure, leading to a more cautious outlook. Despite this, both banks have attractive valuations and positive earnings recovery prospects. On Monday, both stocks experienced declines, along with broader market […]
Steelmakers may outperform non-ferrous peers in Q2 as higher volumes support earnings
Non-ferrous companies are expected to see a sequential decline in earnings, with revenue and Ebitda expected to fall 2% and 13%, respectively. The decline in average LME aluminium prices is likely to weigh on their profitability.