News Wrap: Between October 29 and November 1, Indian markets fluctuated, with Nifty and Sensex both closing in the red. Adani Ports reported a significant profit increase, while Ola Electric shares plummeted. In Uttarakhand, over 19 men tested HIV positive after contact with a minor.
Prime Minister Modi honoured Sardar Patel, and Telangana banned raw egg mayonnaise after a food poisoning incident. Internationally, Trump claimed the title of 'father of IVF,' and Iran warned of retaliation against Israel. Canada's Parliament Hill also faced a contention with Indian community over Diwali celebrations.
October 27 The market capitalisation of nine of the top ten most valued firms in India dropped by ₹ 2.09 lakh crore amid persistent selling and lacklustre quarterly earnings. In the US, Vice President Kamala Harris regained a slight lead over Donald Trump, indicating a closely contested 2024 election.
Additionally, over 50 flights received bomb threats, prompting heightened security measures, while ISRO announced new timelines for major space missions, including Chandrayaan-4. READ HERE October 28 On October 28, Indian benchmark indices rebounded, with the Nifty 50 closing up 0.65% at 24,339, while the S&P BSE Sensex gained 0.
6% to finish at 80,005. NTPC Green Energy received SEBI approval for a ₹ 10,000 crore IPO, and Tata Technologies reported a 2% drop in Q2 net profit to ₹ 157 crore, despite a 2% revenue increase. In contrast, Suzlon Energy saw a significant 96% rise in Q.
