Financial Summary: Monday, October 26, 2026

Lula Wins Fourth Brazil Term, Faces Digital and Economic Challenges

Luiz Inácio Lula da Silva has been elected President of Brazil for a fourth time, marking a surprise political comeback.

Nifty Reclaims 22,600 as Brent Crude Retreats From $116

Indian equities rebounded, with the Nifty regaining 22,600, as Brent crude fell more than 2% from its peak above $116 a barrel. The market's focus remains on oil prices and the US Federal Reserve's policy decision, amid domestic rate hikes that have dampened bond sentiment.

Gold and silver rebound as bargain hunters buy after sharp fall

Gold and silver prices recovered from a sharp decline as bargain hunters bought at lower levels, with silver futures reaching ₹1.96 lakh per kg.

Bitcoin drops below $80,000 as oil surge and Fed caution rattle markets

Bitcoin has fallen below the $80,000 mark, pressured by a broader risk-off sentiment ahead of an upcoming Federal Reserve meeting and a surge in oil prices. The decline comes as market participants grow cautious about the Fed's next moves, with ETF flow data offering mixed signals on institutional confidence. The cryptocurrency's slide reflects wider market jitters, with investors retreating from riskier assets.

Infosys shares drop 4% after cutting FY27 revenue guidance

Infosys shares fell about 4% after the IT major reported a Q2 miss and lowered its FY27 revenue growth guidance. Analysts including Goldman Sachs and Nomura have weighed in, with the stock drawing mixed recommendations as investors digest the guidance cut. The stock remains under pressure in early trading.

Dr Reddy's 7% surge lifts Sensex 483 points, Nifty ends at day's high

Indian equities snapped a four-day losing streak on Monday, with the Sensex jumping 483 points and the Nifty closing at its day's high, led by a 7% rally in Dr Reddy's after the drugmaker guided for double-digit US growth and a semaglutide relaunch in Canada by November. Dr Reddy's, JSW Steel, Shriram Finance and Tata Consumer featured among top Nifty gainers, though the rupee slipped to a three-session low of 95.19 against the dollar. The rebound comes after a four-day slump, with investors weighing earnings momentum against currency weakness.

Ather Energy swings to Rs 1.26 crore Q2 profit, shares jump 19%

Ather Energy reported its maiden quarterly profit of Rs 1.26 crore for Q2, reversing losses on the back of higher sales volumes and robust revenue growth. Shares surged as much as 19% intraday as investors cheered the EV maker's turnaround and topline expansion. The stock remains sharply higher on the session, with multiple outlets flagging the milestone profitability.

India, US close most trade deal terms, Goyal says

India and the US have concluded most discussions on a bilateral trade deal and are now fine-tuning remaining terms, according to Commerce Minister Piyush Goyal. Goyal also warned that Europe's regulatory burden is adding costs for businesses, signaling India's push for lighter compliance in parallel trade talks. No timeline for signing has been announced.

Anthropic Files for Nasdaq IPO Under Ticker ANT

Anthropic has formally filed for an IPO and plans to list on Nasdaq under the ticker ANT, moving closer to becoming the first frontier AI lab to go public. The filing reveals soaring revenue and founder control, with revenue per employee topping $6.6 million—over 100 times that of Indian IT giants. Wall Street opened higher as the filing boosted chip stocks.

SpaceX Closes $40 Billion Debt Deal to Buy AI Chips

SpaceX has closed a $40 billion debt deal aimed at funding AI chip purchases, according to Elon Musk. Musk confirmed the raise and predicted a shakeout among neocloud providers, signaling the company is making a large leveraged bet on AI infrastructure.

Meta plans $95 billion equity raise to fund AI data centres

Meta is reportedly preparing a $95 billion equity raise to finance its AI and data centre buildout, a move that would rank among the largest corporate capital raises ever. The plan surfaced in Monday market coverage, with Jim Cramer flagging it among the top items for investors to watch. The story is still developing, with no official confirmation yet on timing, structure, or use of proceeds.