Financial Summary: Tuesday, October 27, 2026

China industrial profits jump 14.4% as AI manufacturing boom accelerates

China's industrial profits increased 14.4% year-on-year, the strongest growth in three months, driven by an AI-driven manufacturing boom and higher oil prices.

Tens of thousands of Israelis fly home to vote in tight election

Tens of thousands of Israeli expatriates are returning to cast ballots in a closely contested election, with their turnout potentially decisive.

Jio Platforms Debut Looms as Nifty Awaits Fed Decision

Indian equities closed flat on October 27, with Jio Platforms shares trading at a 22% grey-market premium and attracting strong foreign investment. The session on October 28 will be influenced by the Jio Platforms listing and the Federal Reserve's rate decision.

Oil retreats from $115 as US-Iran diplomacy eases supply fears

Crude oil futures are trading lower after reports of renewed US-Iran diplomatic efforts aimed at ending the Middle East conflict, trimming the risk premium built into prices near $115 per barrel. Analysts note that the elevated price already reflects geopolitical risk, and further softening is likely if tensions continue to ease. Meanwhile, Indian equities extended gains despite oil's elevated level, while the US is pushing to cool prices ahead of midterms, though some expect dips to be short-lived.

Sensex rebounds 483 points as retail buyers offset FII outflows

The Sensex rose 483 points as retail investors purchased Rs 10,572 crore worth of equities, offsetting foreign institutional outflows.

Sona BLW shares jump 10% as Q2 profit rises 29%

Sona BLW shares rose 10% on strong Q2 results, with profits up 29% and revenue up 35%.

Paytm Q2 profit surges 10-fold to ₹225 crore, shares rise 2%

Paytm's Q2 FY27 net profit surged 10-fold to ₹225 crore, with revenue increasing 28% to ₹2,648 crore.

L&T Q2 profit climbs 33% to ₹5,202 crore on record orders

L&T reported a 33% year-on-year jump in Q2 net profit to ₹5,202 crore, driven by record order intake. The results were announced alongside a busy earnings day that also saw SAIL post a four-fold profit surge to ₹1,750 crore on cost optimisation and higher sales, though it missed estimates. Other Q2 updates included Bajaj Auto's PAT rising 35%, while Maruti Suzuki, Cipla, ACC and Mazagon Dock saw profit declines.

DAC clears ₹2.12 lakh crore defence proposals, HAL and BEL shares surge

The Defence Acquisition Council approved ₹2.12 lakh crore in defence proposals, boosting shares of HAL and BEL by up to 9%, though Aequs fell 19% after weak Q2 results.

Finance Ministry to roll out simplified GST discount and refund rules from Nov 1

From November 1, the Finance Ministry will implement simplified GST rules for post-sale discounts and export refunds, allowing businesses to exclude eligible discounts via credit notes and easing documentation requirements, effective immediately.

DGCA data shows domestic air passenger traffic fell 6.49% in September

DGCA data shows domestic air passenger traffic declined 6.49% in September, with SpiceJet's domestic market share falling below Star Air for the first time. The twin developments point to a weakening demand environment and shifting competitive dynamics among carriers. The story now centers on whether the traffic slump persists into the festive quarter.

Ripple partners Robinhood to expand RLUSD digital dollar

Ripple has partnered with Robinhood to expand access to its RLUSD digital dollar, with details on the integration's scope and timeline remaining limited.

Mudrex CEO Edul Patel pushes tokenisation to unlock hidden wealth

Mudrex CEO Edul Patel advocates for tokenisation of real-world assets to unlock hidden wealth and reduce borrowing costs, emphasizing improved transparency through a common ledger.