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The Jio Platforms IPO, worth Rs 30,213 crore, opens for subscription on October 21 and closes October 23 at a price band of Rs 1,065 to Rs 1,119 per share, and at the upper end would be India's largest IPO to date. The issue consists entirely of fresh shares, with up to Rs 27,500 crore earmarked for repaying borrowings of Reliance Jio Infocomm. Investors will also watch September-quarter earnings from banks such as ICICI Bank and HDFC Bank, along with crude oil prices, foreign investor outflows and the rupee. The Nifty 50 rose 2.8% to 23,146.15 and the Sensex gained 3.1% to 74,729.27 on October 16, as Indian equities posted their strongest weekly performance in six months, led by IT stocks. The RBI Monetary Policy Committee minutes are scheduled for October 21.
- Sensex , Nifty open lower as investors track bank earnings , rising oil prices
The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.
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- Stocktwits Tech Watch: Netflix And Meta Report Earnings As Nvidia, Oracle Product Events Loom
Third-quarter earnings from Netflix, Meta Platforms, IBM and Western Digital this week are expected to set the tone for tech stocks. Netflix is forecast to lift revenue 12% to $12.88 billion and EPS 40% to $0.82, while Meta's revenue is expected to rise 24% to $63.39 billion, with investors watching its Muse AI tools closely. Western Digital's results may indicate whether memory demand is durable. Bloomberg reported that Nscale faces investor resistance to the $30 billion valuation it seeks for its IPO, with a group of investors urging $16–19 billion, after Microsoft exited a UK data center deal over power-related delays. Product events from Nvidia, Cloudflare and Oracle are also on the calendar, following a week in which SOXX fell 11.8%.
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- Duong Son Ba Arrested, Hai Phong Thermal Power Loses Lawsuit and Must Pay VND 115 Billion to Partner
Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Americas Gold and Silver Corporation Announces Record Quarterly Silver Production and Sales of 800,458 Ounces Produced and 860,850 Ounces Sold
Americas Gold and Silver reported record third-quarter 2026 silver production of 800,458 ounces and record silver sales of 860,850 ounces. Production at Cosalá reached 415,879 ounces, up 23% quarter-over-quarter, supported by strong grades in the EC120 orebody. Year-to-date silver production totals 2.3 million ounces, in line with expectations, and the company remains on track to meet full-year 2026 guidance of 3.2 to 3.6 million ounces. At the Galena Complex, the company is advancing infrastructure projects including a paste fill plant and an upgrade of the No. 3 hoist to support higher future output. As of September 30, 2026, the company had cash of US$63 million and available liquidity of US$113 million.
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