Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.
Markets wrapped up the week with a smile—Sensex and Nifty clocked a solid 1% gain, thanks to a Friday rally that lifted all sectoral indices. Midcaps and Nifty Bank stole the show with 2% jumps, while the rupee tiptoed closer to the 89-mark against the dollar. Gold continues its golden run, up nearly 50% in 2025, while oil prices cooled off to a 4-month low.
On the global front, Finance Minister Nirmala Sitharaman made waves, declaring India’s rise as deliberate and durable, challenging old hegemonies. Meanwhile, India-China ties thaw with direct flights resuming Oct 26. Big moves in business:
Abu Dhabi’s IHC is investing $1B in Sammaan Capital, and OpenAI just became the world’s most valuable private company at $500B.
And yes, Operation Sindoor? The IAF says 4–5 Pakistani jets were taken out.
Nifty, Sensex rise nearly 1% this week, metals and defence stocks shine
Watch here: https://youtu.be/hM1ap8Rdrwc?si=VVy-idF3ctmcFyRq
The stock market ended higher on Friday, capping the first week of October with solid gains as broad-based buying lifted benchmarks and sectoral indices alike.
The NSE Nifty 50 rose 58 points, or 0.2%, to close at 24,894, while the S&P BSE Sensex added 224 points, or 0.3%, to settle at 81,207, finishing near the day’s highs. For the week, both indices advanced nearly 1% each.
Also Read: Rupee falls 5 paise to 88.76 against US dollar in early trade
Commodity markets: Copper soars as gold and silver cool off
Watch here: https://youtu.be/3sc-1ZPWbHs?si=AdGDluYssy57vVCE
Global commodities markets shifted sharply overnight as crude oil slid to a four‑month low, while copper surged to its strongest level in two months amid tightening supply concerns. Gold and silver retreated from recent peaks as investors booked profits after a period of heavy buying.
FM Nirmala Sitharaman inaugurated Kautilya Economic Conclave
Watch here: https://www.youtube.com/live/EPR6f_43-zA?si=QltLf2hIQY2o397i
Union Finance Minister Nirmala Sitharaman inaugurated the Fourth edition of the Kautilya Economic Conclave in New Delhi on Friday, highlighting India’s path toward becoming a developed and self-reliant economy by 2047.
Putin promises to buy more agri, pharma products from India
Watch here: https://youtu.be/Yv3iSVRiihM?si=O77Cnbmhd1Ve-jsK
Russian President Vladimir Putin said the country is looking forward to buying more agricultural products, medicinal products, and pharmaceuticals from India amidst pressure from US President Donald Trump on New Delhi to stop oil imports from Moscow.
India-China to resume direct flight operations in October after five years
India and China are set to resume direct air services by late October 2025, which is a key step in normalising bilateral relations between the two countries. The development follows a series of discussions between Civil Aviation authorities of both nations, which included deliberations on a revised Air Services Agreement.
India has ‘gigantic challenges but remarkable strengths,’ says former ECB Chief Jean-Claude Trichet
Watch here: https://www.youtube.com/live/iJ0WSEaFkmc?si=bEXBSFXi-BB1c8aX
India has the resilience to withstand the shock of US tariffs but must press ahead with structural reforms if it is to sustain 8% annual GDP growth, former European Central Bank president Jean-Claude Trichet told CNBC-TV18.
In an exclusive interview, Trichet praised India’s resilience amid global volatility and its strong human capital, while cautioning that creating jobs and sustaining reforms remain crucial.
Sammaan Capital shares fall 5% after six-day winning run on IHC deal; Stock in F&O ban
Watch here: https://youtu.be/Jkv-sJ4GKQg?si=g-hhJzeq_9Cea7Ci
Shares of Sammaan Capital Ltd., which have gained as much as 25% in the last six trading sessions, fell over 5% in early trading on Friday, October 3, in reaction to the IHC deal news.
The non-bank lender informed the exchanges on Thursday evening, that Abu Dhabi-based IHC, one of the largest investment firms, has entered into a definitive agreement to acquire a controlling stake in Sammaan Capital.
WeWork India IPO — Should you subscribe to this ₹3,000 crore OFS?
Watch here: https://youtu.be/Z8GwGhRcI-U?si=S-J7VUUnSsU_eOQ4
The ₹3,000 crore WeWork India IPO opens for subscription on Friday, October 3. The issue will be a pure Offer For Sale (OFS), which means that the Indian entity will not receive any proceeds from the issue.
The company’s promoter Embassy Buildcon LLP will be selling shares in the IPO, along with an existing investor Ariel Way Tenant Ltd., a unit of WeWork International.
Health Ministry reacts to quality woes related to cough syrup in Madhya Pradesh, Rajasthan
The Union Health Ministry issued a statement on Friday, October 3, on the reported deaths of children in Madhya Pradesh and Rajasthan due to alleged consumption of tainted cough syrups, and ruled out contamination due to chemicals such as Diethylene Glycol (DEG) or Ethylene Glycol (EG).
4-5 Pakistan’s F-16 fighter jets destroyed during Operation Sindoor, says Air Chief AP Singh
Watch here: https://youtu.be/ahUG2EceRXk?si=rpCI9pXi7X-2ErSk
Indian Air Force Chief AP Singh on Friday said four to five F-16 fighter jets of Pakistan were likely destroyed during Operation Sindoor. He said Pakistan’s losses included radars, command and control centres, runways and hangars.
Hitachi shares climb most since April after OpenAI partnership
Hitachi Ltd. shares jumped as much as 9.3%, the most since April 10, after the Japanese electronics and industrial firm entered into a strategic partnership with OpenAI to collaborate on energy, artificial intelligence and other areas.
Hitachi and OpenAI signed a memorandum of understanding on Oct. 2, the Japanese company announced in a post on the social media site X. The tie-up will involve collaboration on Hitachi’s energy and power grid operations, cooling equipment, storage and its digital solutions hub Lumada, a company representative told Bloomberg.
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