Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
The Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Department claimed he received Rs 1.70 crore from a property sale based on WhatsApp chats and Excel sheets. However, the tribunal said the evidence did not sufficiently establish the cash transactions.
Shares of HDB Financial Services Ltd. fell nearly 7% on Thursday, October 15, after second quarter earnings missed estimates. The stock hit a new post-listing low as BPO income dragged results. Despite this, Nomura upgraded the stock to buy, noting the company "sustained its healthy disbursal momentum" for long-term growth.
Ashish Kacholia’s portfolio stock SG Finserve rose 70% YTD, climbing from ₹406.55 to ₹690 on the NSE. The investor now holds 15,44,009 shares, or 2.29% of the company. Market expert Anuj Gupta said, "SG Finserve share price rally can be attributed to three major reasons: strong growth, expansion, and results."
The Sensex surged 1,100 points to 73,864 and Nifty 50 rose to 22,929 on 15th October 2026. Bulls took over Dalal Street as information technology stocks saw heavy buying. HCLTech led the gains with 3.5%. Investors now watch for quarterly earnings from heavyweights like Tech Mahindra, Wipro, and Nestle India today.
The HD Fire Protect IPO got subscribed 24.11 times overall as of 10:42 AM on October 15. Zee Business Managing Editor Anil Singhvi said, "Apply for reasonable listing gains and long-term investment." The issue closes today, October 15, 2026, with shares expected to list on the BSE and NSE on October 21.
Indian stock markets are set for a weak opening on Thursday as global markets face heavy selling. Korea’s Kospi plunged over 7 per cent and Nikkei fell 4 per cent after US inflation hit 3.7 per cent. Ponmudi R said, “The global sell-off has extended into Asian markets,” hurting investor sentiment.
Indian benchmark indices Sensex and Nifty are likely to open on a muted note on Thursday. GIFT Nifty signals a flat start as global markets face a sharp selloff. Hotter-than-expected US inflation triggered heavy selling in technology stocks across Asia. Elevated crude oil prices could add pressure on Indian equities today.
Jio Platforms Ltd. will open its initial public offering next week, aiming to become India’s largest listing. The company offered 270 million new shares at ₹1,065-1,119 apiece. This deal tests investor appetite for large IPOs and Akash Ambani’s leadership as the firm shifts its focus toward AI and digital services.
AI stock corrections are currently driven by shifting market sentiment rather than weak earnings fundamentals, says Roundhill. While investors worry about long-term durability, earnings momentum remains strong. Roundhill noted, "Right now, the bears are winning because there's this void." Many tech firms still face pressure as people sell first.
Skyroot Aerospace is in talks to raise $300 million to scale rocket production. Meanwhile, the government’s decision to defer the merchant discount rate on UPI payments brought cheer to many D2C brands. This relief helps companies protect their margins during the festive season as they offer discounts to their customers.
Six midcap stocks crossed above their 200-day moving averages on October 14, 2026, according to StockEdge data. IDBI Bank, L&T Technology Services, Supreme Industries, United Spirits, Bharti Hexacom, and Embassy Office Parks REIT showed this positive breakout. Traders use this key indicator to spot an overall uptrend for these specific companies.
The IMF said on Thursday that Asia will continue to outpace the world in economic growth. However, it asked central banks to stay focused on price stability as inflation rises. Krishna Srinivasan said, "Monetary policy should continue to focus on price stability." Many countries now face pressure from oil shocks.