Financial Summary: Tuesday, October 20, 2026

UK denies record of Bhopal family's ₹35,000 1917 war bond

The UK government denies having a record of a ₹35,000 British war bond purchased by a Bhopal merchant in 1917, despite the family's claim.

Private banks sink Sensex 900 points as Nifty closes below 22,900

Indian equities declined over 1% on October 19, with the Sensex losing 876.38 points to close at 73,852.90 and the Nifty 50 falling 257.20 points to end at 22,888.95. Private banks and IT stocks led the decline, as the Nifty Private Bank index fell 1.8%. FIIs sold ₹1,149 crore, while DIIs bought ₹3,201 crore.

Gold slips as investors await Fed decision and PCE data

Gold prices edged lower in Asian trading on October 20 as investors held positions ahead of the Federal Reserve's policy decision and upcoming PCE inflation data. Energy-led inflation concerns are weighing on the rate path, keeping bullion under pressure. Domestic gold rates across major Indian cities were also updated, reflecting the softer global trend.

Trump Waives Russian Sanctions as Oil Tops $107

The Trump administration's waiver of Russian sanctions has provided relief to global oil markets, yet Middle East tensions have kept prices elevated, with U.S.

Jio Anchor Book Draws ₹2.5 Lakh Crore, 30x Oversubscribed

Jio Platforms' anchor book for its IPO drew ₹2.5 lakh crore of bids, 30x oversubscribed, as the company raised ₹8,110 crore from anchor investors. The ₹10 lakh crore valuation offering opens on October 21, 2023, with a ₹2,500 crore quota reserved for Reliance Industries' shareholders.

Piramal Finance Q2 net profit surges 67% to ₹545 crore

Piramal Finance reported a 67% year-on-year increase in Q2 net profit to ₹545 crore, driven by core income growth on revenue of ₹3,659 crore.

Sobha Q2 net profit plunges 55% to ₹33 crore as revenue falls 31%

Sobha Ltd reported a 55% year-on-year decline in Q2 net profit to ₹33 crore, with revenue down 31%.

India-New Zealand FTA takes effect October 20, targeting doubled trade by 2030

The India-New Zealand free trade agreement takes effect on October 20, 2026, aiming to double bilateral trade by 2030. Labor-intensive sectors such as textiles and apparel are expected to benefit, with India's second-largest export destination in Oceania gaining free trade access.

Korean IPO Plunges 30%, Dragging AI Rally Down as Oil Tops $100

The AI-driven rally is losing momentum following a 30% plunge in a Korean IPO, prompting caution from analysts and a decline in US tech stocks. Crude oil prices have risen above $100 per barrel, adding to market concerns.

Cramer's trust trims TJX stake, sells 150 shares at $146

Jim Cramer's charitable trust sold 150 shares of TJX at $146, realizing gains as the stock recovered.

Tech stocks bounce as AI chip rally lifts Nasdaq into earnings week

Tech stocks staged an oversold bounce on Monday, with an AI chip rally propelling the Nasdaq.