Financial Summary: Thursday, October 22, 2026

Houthi Drone Kills Indian at Saudi Airport as Brent Crude Nears $110

A Houthi drone attack on Dammam airport in Saudi Arabia killed two people, including an Indian national, and sent Brent crude to nearly $110 per barrel, impacting US stock futures. Crude prices rose due to tensions in West Asia, while Tesla shares fell nearly 5% despite earnings beating expectations, and Meta shares slipped in premarket trading due to legal expenses related to teen mental health.

Barbara Bush Donates $2,500 to Talarico's Texas Senate PAC

Barbara Bush, daughter of former President George W.

Sensex Plunges 600 Points as Nifty Breaks Below 22,600 Support

Indian equities opened sharply lower, with the Sensex down 600 points and the Nifty breaking below 22,600, as GIFT Nifty indicated a negative start. Asian markets, including the Nikkei 225 and Kospi, also fell, amid concerns over the AI trade.

NCDEX launches NDEX and FINNDEX indices in equity market debut

NCDEX has launched two new indices, NDEX and FINNDEX, marking its entry into the equity and derivatives markets. The move is part of the exchange's push to become a multi-segment exchange, with coverage from CNBC TV18 and other outlets. The launch represents NCDEX's first foray beyond its traditional commodities focus.

Nifty slips 77 points as bank selling drags Reliance, Swiggy

The Nifty fell 77 points as selling in banking stocks weighed on index heavyweights Reliance Industries and Swiggy. Traders are now focused on defending the 22,800 level on the Sensex expiry day, with oil prices holding near $110 a barrel adding to caution. Stocks in focus include Reliance, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC.

eMudhra Shares Plunge 37% as Government Orders Security Probe

eMudhra shares have crashed as much as 37% over two sessions to a 52-week low after the government ordered a security probe into a certificate incident. Management is calling the breach a 'one-off incident on a bad day' and says no major business spillover is expected, while analysts like MarketSmith India's Mayuresh Joshi have adopted a 'wait and watch' stance.

Jio Platforms IPO fully subscribed 1.27x on Day 1, draws ₹3.2 lakh crore demand

Jio Platforms' IPO was fully subscribed 1.27 times on its first day, with the retail portion fully subscribed and the QIB portion at 3.86 times. The issue garnered ₹3.2 lakh crore in total demand, and by day two the retail quota was subscribed 3.47 times. MarketSmith India sees potential ARPU upside for the company.

Hyatt CEO flags India's 10M arrivals as 'shocking', targets 275 hotels by 2030

Hyatt's CEO said war-driven travel cost inflation is having limited impact on the hotel chain thanks to its premium positioning, while simultaneously unveiling an aggressive India expansion plan. The company aims to operate more than 275 hotels in India by 2030 and hire over 30,000 people, with the CEO calling India's fewer than 10 million annual foreign arrivals 'shocking' and arguing 100 million visitors is achievable. The three exclusive interviews position India as a central growth market even as geopolitical pressures push up travel costs globally.

RBI minutes harden rate-hike bets as bond selloff deepens

RBI policy minutes hinting at further rate hikes have deepened a government bond selloff, with the central bank turning away all bids at a treasury bill sale. SBI Research retained its call for a 50-bps December hike amid broadening inflationary pressures, while the MPC itself remains divided as inflation nears the top of the tolerance band. Gilt yields are under pressure as markets price in more tightening.

Centre to post draft GST return forms on myGov.in for public comment Nov 1

The Centre will publish draft GST return forms on the myGov.in portal on November 1 to invite public comments, alongside a broader GST reform package taking effect the same day. That package includes easier registration for small e-commerce sellers and faster refund processing. The move signals a consultative approach to refining GST compliance ahead of implementation.

Meta Q3 revenue jumps 26% as stock climbs on SpaceX-led tech rally

Meta reported Q3 revenue up 26% and guided Q4 revenue as high as $76 billion, sending shares higher after a strong quarter. The results landed as SpaceX earnings lifted the broader AI trade, though Tesla shares fell post-Q3 and futures came under pressure. Meta also laid out an ambitious roadmap to monetize its Muse product.

Meta Ordered to Pay $25 Billion in New Mexico Data Protection Case

A New Mexico court has ordered Meta Platforms to pay a $25 billion penalty in a consumer data protection case tied to the Cambridge Analytica scandal. The ruling, reported across multiple outlets, marks one of the largest penalties against the company over its handling of Facebook user data. Meta has not yet indicated whether it will appeal the decision.