Financial Summary: Thursday, October 15, 2026

Ukraine Accuses SpaceX's Starshield of Restricting Military Service

Ukraine has accused SpaceX's Starshield, the military-grade version of Starlink, of restricting its military use against Russia.

Sensex Surges 1,000 Points, Nifty Tops 22,900 on Four Catalysts

The Sensex advanced more than 1,000 points, while the Nifty breached 22,900, following four key factors.

Nifty IT jumps 11% in five sessions as TCS, HCL Tech lead rally

The Nifty IT index has gained 2.28% to 30,858, with TCS and HCL Tech leading a 11% surge over five sessions, adding Rs 82,500 crore in market value. Analysts cite earnings resilience and sector momentum, but sustainability is uncertain.

Sensex Surges 1,400 Points as Nifty Reclaims 23,000 on IT, Telecom

The Sensex surged 1,400 points as the Nifty reclaimed 23,000, driven by gains in IT and telecom stocks. The Nifty IT index climbed 2.04% to 30,785.45, led by Tech Mahindra, which rose 3.83%, and Wipro, up 1.39%.

Jio Files 7,220 Patents, Prices ₹30,213-Cr IPO at 34x Earnings

Ahead of its record ₹30,213-crore IPO, Jio Platforms disclosed 7,220 filed patents, positioning itself as India's only company in the global top 20 patent rankings. The IPO is priced at 34x earnings, below Bharti Airtel's 39x, while Akash Ambani outlined plans to monetise Jio's tech stack abroad through services rather than hardware or software licensing, and flagged future tariff hikes. Jio also revealed it built a telecom tower every minute during its 5G rollout.

Reliance Shares Jump 3% as Jio Sets IPO Price Band

Reliance Industries shares rose 3% following Jio Platforms' setting of a ₹1,065 to ₹1,119 per share IPO price band, potentially raising up to ₹30,213 crore and marking India's largest issue.

Nestle India Q2 profit jumps 36% to Rs 1,027 crore as stock falls 8%

Nestle India reported a 36% year-on-year increase in Q2 standalone net profit to Rs 1,027 crore, with revenue up 20%.

SEBI Chief Pandey Targets CAS Overhaul, Eyes 26 Crore Mutual Fund Investors

SEBI chief Tuhin Kanta Pandey proposes revamping consolidated account statements and projects 26 crore mutual fund investors by 2033. A panel recommends retaining the current 3 pm–3:30 pm VWAP window for derivatives expiry settlement, while Pandey suggests extending trading hours and reviewing market orders.

DIPAM Targets FY27 IDBI Bank Sale Close, Eyes ₹80,000 Crore Disinvestment

DIPAM Secretary Arunish Chawla says the IDBI Bank strategic sale is on track for FY27, aiming to exceed the ₹80,000 crore disinvestment target and potentially boosting receipts from additional revenue streams.

IMF endorses India's revised GDP methodology as 'welcome development'

The IMF has endorsed India's revised GDP methodology, describing it as a welcome development.

Tech Sell-Off Sinks Asian Markets as Kospi Drops 7%, Nikkei Falls 4%

Asian equities are in freefall as a US inflation-driven rate scare triggers a violent rotation out of technology stocks. South Korea's Kospi has plunged over 7% intraday, Japan's Nikkei has dropped 4%, and Indian markets are bracing for a weak open. The rout has erased nearly $700 billion from SK Hynix alone, with the chipmaker now down 57% from its peak in just four months.