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Sensex tanked nearly 942 points to settle at a three-month low while Nifty crashed below 24,000 on Monday dragged down by heavy selling in Reliance Industries and banking shares. Stocks that were in focus include names like IRCTC, which fell 2.01%, IRFC, which was down 3.26%, and Raymond, whose shares jumped nearly 2% on Monday.

Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. West Texas Intermediate crude was at $71.33 a barrel, down 14 cents, or 0.2%.

Presidential candidates Donald Trump and Kamala Harris both scrambled for an edge in the last full day of a race that polls show as extremely close. It could take days to determine the victor.

Among those setting up base are QSR companies such as Yum Brands and Starbucks, media and entertainment firms Warner Bros and Discovery, as well as hotels chain Marriott International, energy giant Chevron and smaller firms such as US K-12 education software and content provider Curriculum Associates. Several are turning to tier II destinations, apart from the likes of Bengaluru and Hyderabad, to gain from robust talent pools and lower cost of operations. “Traditionally, India has seen a lot of GCCs in BFSI (banking, financial services & insurance), retail, healthcare and life sciences, manufacturing and automotive industries,” said Vikram Ahuja, founder of ANSR.

Alkomex GBN looks to expand its research and development footprint in India and has roped in nutraceuticals expert Sanjay Agrawal to spearhead its strategic initiatives in the country, a statement said on Monday. Alkomex GBN has formed a partnership with Dr Sanjay Agrawal, a renowned Indian expert in health management and nutraceuticals, and has appointed him as the Scientific Advisor for Alkomex GBN, the statement said. «His leadership will be instrumental in driving our growth as we continue to expand our footprint in the nutraceutical and functional food sectors,» Alkomex CEO Alex Meneses Vega said.

Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities. This is subject to the total exposure to Indian securities by such overseas funds not exceeding 25 per cent of their net assets. The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.

loan-to-deposit ratio (LDR) moderating to 77.7% in October the lowest in the last 30 months, said a report by Motilal Oswal. Outstanding LDR was at 79%. Analysts say that the gap between credit and deposit growth will narrow down to less than 100 basis points over coming months versus 350 basis points seen presently. «While the gap between deposit and credit growth has narrowed from the peak of 8.8% in November 2022 to 3.5% currently, the high incremental LDR and continued regulatory watch on both LDR and liquidity coverage ratios (LCR) will drive further moderation in loan growth,» said Nitin Aggarwal, Institutional Research – Head BFSI, Motilal Oswal Securities. «We estimate the differential between credit and deposit growth to narrow down to less than 100 basis points over the year.» The LDR assesses a bank's liquidity by comparing total loans to total deposits, with a high LDR indicating potential liquidity issues. Indian banks' deposit growth has largely remained slow as savings are moving towards alternative avenues like mutual funds, equity investments, and real estate.

On the BSE, Prudent Corporate Advisory Svcs(down 17.26 per cent), Veer Global Infraconstruction(down 11.53 per cent), Maan Aluminium(down 9.98 per cent), Mefcom Capital(down 9.54 per cent) and Poly Medicure(down 9.04 per cent) stood among the top losers in today's trade.

stood among the top gainers.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Shree Metalloys(19.99%), Gravity(India)(19.93%) and Shree Rama Multi(19.31%).

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Shares of Punjab National Bank(up 2.65 per cent), Au Small Finance Bank Ltd.(up 1.32 per cent), State Bank of India(up 1.06 per cent), IndusInd Bank Ltd.(up 0.13 per cent) and Federal Bank Ltd.(up 0.06 per cent) ended the day as top gainers in the pack.

Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period.

Rachna Bhutoria has clarified the guest selection process for "WTF is," the podcast hosted by Zerodha co-founder Nikhil Kamath. In a LinkedIn post, Bhutoria detailed the criteria for potential guests, encouraging them to focus on delivering fresh, insightful perspectives over financial offers.

stocks blunted the impact of a weaker dollar that helped lift the currency's regional peers ahead of the U.S. presidential election. The rupee closed at 84.1150 against the U.S. dollar after touching its all-time low of 84.1225 earlier in the session.

Subscribe to enjoy similar stories. Grasper Global Pvt. Ltd, the parent of new-age educational toy and games maker Skillmatics, will look to list in India over the next 2-3 years, said co-founder and chief executive Dhvanil Seth in an interview with Mint. The Peak XV-backed company is also exploring newer categories such as gaming for adults and home and nursery, Seth added.

GAIL (India) Ltd. traded at Rs 197.05 on BSE at 01:18PM (IST) on Monday, 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 118.75 and a high of Rs 246.35.

AIIMS INI CET admit card, candidates must enter their login credentials. The INI CET 2025 exam will take place on November 10, 2024. This entrance test is essential for admission into various postgraduate courses, including Doctor of Medicine (MD), Master of Surgery (MS), Master of Chirurgiae (M.Ch. six-year program), Doctor of Medicine (DM, six-year program), and Master of Dental Surgery (MDS). The programs are offered for the January 2025 session at prestigious institutions like AIIMS New Delhi, other AIIMS campuses, Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER) Puducherry, National Institute of Mental Health and Neuro-Sciences (NIMHANS) Bengaluru, Postgraduate Institute of Medical Education and Research (PGIMER) Chandigarh, and Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) Trivandrum.

Tata Elxsi Ltd. 1.57 per cent to Rs 6995.40 in Monday's trade as of 12:53PM (IST) even as the benchmark Nifty ruled at 23869.4, 434.95 points. The scrip had closed at Rs 7107.70 in the previous session. The stock quoted a 52-week low of Rs 6406.60 and a high of Rs 9191.10. The company quoted a market-cap of Rs 43595.73 crore on the BSE.

Adani Power Ltd. traded 1.28 per cent in Monday's session at 12:31PM (IST). The stock opened at Rs 597.10 and has touched an intraday high and low of Rs 597.10 and Rs 586.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 365.55. About 71,202 shares changed hands on the counter so far.

Tube Investments of India Ltd. rose 1.34 per cent to Rs 4401.20 in Monday's trade. It hit an intraday high of Rs 4511.95 and low of Rs 4390.00, respectively, during the day. The stock quoted a 52-week high price of Rs 4807.05 and low of Rs 3082.55.