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.
It’s been a whirlwind start to the week, and we’ve got plenty to unpack. Markets are jittery—Nifty and Sensex have slipped for the seventh straight session, though midcaps and bank stocks are holding their ground. Meanwhile, gold and silver are glittering at record highs as safe-haven demand surges. Over in the US, President Trump is racing against the clock to avoid a government shutdown, while also firing fresh tariff threats on electronics, furniture, and even foreign films.Back home, IPO fever continues with Tata Capital and WeWork joining the party, and the Oil Ministry is pitching reforms to unlock PSU value. In Tamil Nadu, tragedy strikes as the Karur stampede claims 41 lives—Finance Minister Sitharaman meets grieving families.Plus, WhatsApp’s big business push, a million gig jobs this festive season, and Elon Musk’s ‘X’ heading to the Supreme Court. Let’s dive into the headlines that matter.
Nifty 50 declines for seventh consecutive session amid large-cap weakness
The stock market ended lower on Monday, with the Nifty 50 falling for a seventh straight session to close below the 24,650 mark, weighed by weakness in large-cap stocks even as the broader market outperformed.
US government shutdown looms: What it really means
With only a few days remaining before the October 1 deadline, the United States is once again on the brink of a federal government shutdown, unless Congress reaches a funding agreement. In a high-stakes sit-down at the White House on Monday, the President is set to meet with the top Republicans and Democrats, who could determine whether the federal government shuts down this week.
Gold prices at all-time high: Factors driving the rally
Gold prices climbed to an all-time high in India on Monday (September 29), tracking a global surge and pressure from a weakening rupee. Domestic gold futures rose 0.74% to ₹1.14 lakh per 10 grams in early trade, marking their highest level to date.
Tata Capital IPO: Largest issue of 2025 fixes price band; Check details here
Tata Capital Ltd., the Tata Group NBFC, which will be the largest IPO of 2025 so far, has announced the price band for its ₹15,000 crore-plus IPO, that opens for subscription on Monday, October 6. Tata Capital has fixed the price band of its IPO to be between ₹310 to ₹326 per share.
HPCL, BPCL, Indian Oil shares surge on Petroleum Minister remarks — Explained
Shares of Oil Marketing Companies (OMCs), Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), Indian Oil Corporation Ltd. (IOC), along with other names like MRPL, gained as much as 7% on Monday, September 29, after Union petroleum minister Hardeep Singh Puri expressed the need for higher valuations for these companies.
Tata Motors shares gain for second day after British government backs JLR with £1.5 billion loan
Shares of Tata Motors Ltd., which bucked the trend in a weak market on Friday, gained for the second day in a row on Monday, September 29, after reports indicated that the British government will back its unit Jaguar Land Rover with a £1.5 billion ($2 billion loan).
Karur stampede: Madras High Court to hear TVK’s plea on Oct 3, death toll rises to 41 in Vijay’s rally tragedy
The Madras High Court on Monday, September 29, posted the plea of actor-turned politician Vijay’s Tamilaga Vettri Kazhagam (TVK) party seeking a probe in the stampede accident at Vijay’s rally, which claimed 41 lives, to Friday, October 3.
Elon Musk’s X to appeal Indian court ruling on secretive content removal system
Social media platform X said on Monday it plans to appeal an Indian court order that would allow over two million police officers nationwide to issue arbitrary takedown requests via a secretive online portal called the Sahyog.
US President Trump vows new tariffs on imported items to revive North Carolina’s furniture industry
US President Donald Trump said he will impose new tariffs on countries that manufacture furniture outside the United States, framing the move as a way to revive North Carolina’s once-thriving furniture industry. “In order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States. Details to follow!!!” Trump posted on his social media platform Truth Social.
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