DIWALI DHAMAKA
After Rs 2 lakh crore selloff, FIIs are set for a comeback. Elara Capital lists 4 reasons
Elara Capital sees a potential FII turnaround in Indian equities, driven by under-ownership, narrowing valuation premiums, mid-cap resilience, GST cuts, and strong macro conditions, supporting gradual reallocation and domestic leadership.
Nifty Bank hits fresh all-time high. Is this the start of Diwali dhamaka?
Nifty Bank hit an all-time high of 57,651.30 on Friday, rallying around 10,000 points from its March 2025 lows and surpassing its previous peak of 57,628.40. Led by HDFC Bank, ICICI Bank, and Axis Bank, the 12-stock index gained 229 points in the morning session. So far in 2025, Nifty Bank has outperformed the broader Nifty, rising over 13%.
Diwali Picks: Market experts pick their festive favourites across energy, PSU and defence sectors
Market experts shared their top stock picks for Diwali, spanning PSU banks, energy majors, defence, and new-age platforms. Recommendations include JSW Energy, PSU banks, OMCs, Shipping Corporation of India, Bharat Electronics, SBI, Mahindra & Mahindra, Chola Finance, Azad Engineering, and PayTM, highlighting strong technicals and fundamentals for potential market momentum.
A high five from RBI: Credit reforms to fuel M&As, IPOs and cooperative bank revival
RBI's October 1 announcements heralded a significant credit market overhaul, moving beyond gradualism to implement sweeping reforms. These measures aim to remove structural bottlenecks, enabling banks to fund domestic M&As and substantially boosting IPO financing limits. This bold shift signals the financial system's readiness to support India's ambitious growth targets.
GST Diwali Dhamaka has a catch, but govt is watching
The government is closely monitoring businesses to ensure that the recent GST rate cuts reach consumers, especially during the festive season. Ministries are collecting price data and urging companies to voluntarily pass on the benefits. While some industries have pledged to reduce prices, concerns remain about full transmission due to factors like existing inventory and lack of consumer awareness.
Season of Pause and Leisure, Anyone?
Paris has long embraced a collective pause in August, but other global cities maintain their relentless pace. However, a new season has emerged, driven by commerce and retail events like Diwali and Black Friday.
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FIIs won't let market rise and DIIs won't let it fall but retail investor real hero: Sunil Subramaniam
Mid and small-cap stocks currently trade at higher PEs, demanding superior growth to justify valuations compared to large caps. While seemingly overvalued based on current forward PEs, strong growth expectations, particularly in auto and consumer durables during the festive season, could validate these valuations. Fund manager allocation towards mid and small-caps suggests continued buying support despite valuation concerns.
Third eye: Double dhamaka for Himachal employees, Chhath puja & Bihar bypolls, Breaking patterns
Despite facing a financial crunch, the Himachal Pradesh government surprised its employees by disbursing two months' salaries in October. This unusual move, aimed at easing financial burdens during the Diwali festival, benefited government officials, anganwadi workers, and outsourced staff alike.
'Singham Again' roars at box office, collects over Rs 43 crore on Day 1
Diwali festival brought a box office clash between 'Singham Again' and 'Bhool Bhulaiyaa 3'. 'Singham Again', directed by Rohit Shetty, earned Rs 43.70 crore on day 1, surpassing 'Bhool Bhulaiyaa 3', which earned Rs 36.60 crore. Both films contributed to a record single-day box office of Rs 124 crore the highest in Indian cinema history.
Jio Diwali recharge offers: Get travel, shopping, Swiggy discounts worth Rs 3,350 on these plans. How to redeem
Reliance Jio is offering festive-season perks worth Rs 3,350 on its Rs 899 and Rs 3,599 True 5G prepaid plans. Available from October 25 to November 5, 2024, this Diwali Dhamaka deal includes a Rs 3,000 EaseMyTrip voucher for hotel and air bookings, a Rs 200 Ajio coupon for shopping above Rs 999, and a Rs 150 Swiggy discount on food orders. These vouchers are added to users’ MyJio accounts and can be redeemed directly through the app, providing substantial value on select Jio 5G recharges this holiday season.
Reliance Jio’s ‘Diwali Dhamaka’ offer: One year of free JioAirFiber—How to avail and key dates
Jio Offer: Reliance Jio has launched the 'Diwali Dhamaka' offer, providing one year of free JioAirFiber service. Customers can qualify by spending Rs 20,000 or more at Reliance Digital or MyJio stores, or by opting for a new JioAirFiber connection with a 3-month Diwali plan. Existing users can also benefit by making an advance recharge.
Will the Diwali dhamaka fizzle out tomorrow? Here's the track record
In the last ten years of history, 2013 has been the worst post-Muhurat day for Sensex when it lost around 1.25% after advancing 0.2% during the special one-hour Muhurat session to mark the advent of Vikram Samvat, the Hindu accounting year which begins from Diwali.
Bank of Maharashtra lowers home and personal loan interest rates by 30 to 70 basis points
The bank said it is making retail loans cheaper to bring in cheer among customers during the festive season. Home loans from the bank will now be available at 8% per annum while the personal loan rate becomes cheaper at 8.9% from earlier 11.35%.
Want to make sure India-UK FTA is first step in continually evolving trade, economic relationship: UK Foreign Secretary
Cleverly also said that the bilateral relationship between India and UK is longstanding and wide-ranging, which is both a "huge plus" but it also means that "quite understandably there is a desire to have a very, very wide-ranging, meaningful free trade agreement."
Signing India-UK free trade pact will be best way to celebrate Diwali: British High Commissioner
The best way to celebrate Diwali will be to have a good free trade agreement between India and the United Kingdom, British High Commissioner to India Alex Ellis said on Tuesday. He observed that the free trade agreement (FTA) will lead to creation of more jobs, growth and opportunities for both India and the UK.
Looking for Diwali Dhamaka? Not consumer durables, play it via logistics: Digant Haria
“I do not think insurance is a space where earnings growth is going to surprise you meaningfully. There are many more sectors like banking, NBFCs, autos, or capital goods where the earnings are going to be much higher. So the excitement is going to be there. I do not think excitement is going to be very high in insurance for the next one or two years.”
Paytm earmarks Rs 100 crore for marketing during festive season
The campaigns will be aligned to promote digital payments in India and educate users on Paytm UPI for money transfers, Paytm Wallet and Paytm Postpaid for spends, to drive financial inclusion across the country.
Buy mouthwash, get smartphone
That’s as ridiculous as registering on CoWIN and not getting a scheduled slot to get vaccinated. Thousands of e-shoppers have already started ordering mouthwash — in the ardent hope that a smartphone, or something even more happily surprising, will land up at the door. Meanwhile, phone buyers are getting exceedingly nervous
Planning your Diwali vacation? Head to Dubai
Dubai has emerged as the top choice for Diwali break with family and friends.
Diwali dhamaka may not rattle sugar
"We hope there could be some recovery in prices around Diwali, but it will not be too high."
Smaller e-commerce players like Craftsvilla, Chumbak up their game as big sale begins
While online marketplaces like Flipkart and Amazon may have an edge over other players, smaller companies choose to play to their strengths by focusing on authentic products in their respective categories to loyal customers.
Air India unveils low fares scheme
National carrier Air India today announced sale of tickets starting from Rs 1,777 on its domestic network till November 7.
Even without the thunder of firecrackers, good should scare away evil
Diwali is also the celebration of the return of the NRA: the non-resident Ayodhyan, a worthy symbol of the return of any émigré.
DHFL wants Tamil Nadu to contribute 10 pc to national business
Dewan Housing Finance Corporation Ltd (DHFL) wanted Tamil Nadu to contribute at least 10 per cent to its national business.
Dewan Housing Finance Corporation Ltd offers Diwali special home loan fee rates in different slabs
The company offers products such as home loan, home extension loan, home improvement loan, plot loans, mortgage loan and leased rental finance.
Flipkart effect: Amazon India plays safe, steers clear of deep price cuts on the first day of Diwali Dhamaka sale
You may call it the Flipkart effect: Amazon India was careful not to make too big a splash as it kicked off the October 10-16 Diwali Dhamaka Sales.
Electronics brands ask Amazon India to offer moderate discounts during Diwali sale
The companies have asked that Amazon pricing not go below the ‘landing price’ or the rate at which brick-and-mortar stores buys goods from them.
Ra.One: Shah Rukh Khan & Kareena Kapoor positive it will rock festive season
Ra.One is slated to have the widest release ever for a Hindi film. It releases with 3,500 prints in India and 900 prints abroad.
Airfares skyrocket before Diwali
One-way tickets to cities like Kolkata, Jaipur and Thiruvananthapuram went for up to Rs 32,000 on Saturday.
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