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By Ann Saphir

By Mike Stone

The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett.

BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.

Master Capital Services pointed out that a few important factors impacting the US markets are the US 10-year bond yield crossed 5 per cent on hawkish commentary by US Fed Chairman Powell hinting at more rate hikes to control inflation. "It is expected that there will be further rate hikes by the US Federal Reserve as inflation is still not in control. The US unemployment rate also spiked to 3.8 per cent in August, the highest since Feb 2022.

Canara Bank shares exhibited an upward trend for the second straight day, surging by almost 8% to record a new 52-week high of ₹387.80 apiece. At 1:30 PM, the stock was trading with a gain of 6.52% at ₹382.75. This strong uptick in the shares was in response to the bank's impressive September quarter numbers, which were released on Thursday after market hours.

₹22.37 crore from ₹ ₹31.53 crore in the July-September quarter a year ago, according to Westlife Foodworld exchange filing. Westlife Foodworld share price opened at intraday high of ₹872.70 apiece and touched intraday low of ₹817.55 on BSE.

Launched in September 2019, Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. With a composite score of 79, India topped the EM league table in September.

In a horrific incident, a Delhi police personnel was hit by an SUV and thrown into the air in the national capital, reported ANI. The incident took place on the intervening night of October 24-25 in the Connaught Place area.

The Election Commission of India (ECI) issued a show cause notice to Assam Chief Minister Himanta Biswa Sarma on Thursday for his ‘Akbar’ remark during the Chhattisgarh poll campaign, calling it “communally charged”.

A total of 74.1 million income tax returns (ITRs) have been filed for assessment year (AY) 2023-24 till date, which includes 5.3 million first time filers, the Central Board of Direct Taxes (CBDT) said in a release on Thursday.

Shein and PDD Holdings-owned Temu have applied to end their legal fights with each other in the U.S., documents show, marking a truce even as a global market share battle between the low-price online platforms heats up. Joint declarations were filed to courts in Chicago and Boston by lawyers representing the companies and their subsidiaries, requesting that two legal cases be dismissed «without prejudice» by their judges.

Brokers with cent accounts facilitate real-time trades but require a smaller capital, given that all metrics are denominated in cents. Experts at Traders Union point out that the primary distinction between a standard and a cent account lies in the displayed nominal value. For example, a $10 deposit in a cent account will show a 1,000-cent balance, representing the available trading funds.

Congress and the Bharatiya Janata Party (BJP) have engaged in a war of words over Assam Chief Minister and BJP leader, Himanta Biswa Sarma's 'Akbar' remark made during a public speech in poll-bound Chhattisgarh's Kawardha. The Congress on Thursday moved to the Election Commission (EC) against Assam CM Himanta Biswa Sarma, alleging a poll code violation by the latter during a speech made in poll-bound Chhattisgarh. Taking to 'X', Congress leader Jairam Ramesh wrote, «Yesterday, the Congress party brought to the attention of the Election Commission of India serious electoral malpractices by senior leaders of the party in power.

US bond yields hit a multi-decade high just when talks of things getting better were doing the rounds. To add to the negatives plaguing the market, the war in the middle eastis showing no signs of cooling down. Most of the times, the warning from bond markets should not be taken lightly.

Reliance Industries share price traded over a percent higher on Friday ahead of the announcement of financial results for the quarter ended September 2023. RIL shares opened higher at ₹2,242 apiece as against previous close of ₹2,226.20 on the BSE. RIL stock gained 1.83% to an intraday high of ₹2267.10 in Friday early trade.

Stock market today: After bllodbath on Dalal Street for the last six sessions, Indian stock market finally witnessed some buying interest during early morning deals on Friday. Whether it is just a relief rally or the market finally bottomed out after havey beating on six days in a row, only time will tell.

Motilal Oswal Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 27 Here are key global market cues for Sensex today: Asian markets rebounded to trade higher on Friday as investors weighed on key economic data in the region. Japan’s Nikkei 225 traded 0.56% higher and the Topix gained 0.6%.

₹6,558 crore in Indian stocks.Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand.Global markets continued to tumble with Wall Street nearly 10% below its high mark for the year after big-name companies warned an uncertain global economy may hurt their profits.Indus Towers, the world’s largest telecom tower provider, is in discussions with Vodafone Idea to create a ‘time-bound’ plan for the repayment of the telco's dues, even as it has received some pending dues from Vi during the quarter.“While the customer had some challenges during the quarter, we will receive the monthly payments in October from them. Our expectation is that the monthly payment will continue.

Kyle Sandilands and his personal company, King Kyle Group, were paid to advise the NSW Labor Party where to target its radio advertising dollars before the March election.

Nifty slipping below the 19,000 mark. «Given the global uncertainties, there could be higher volatility in the near term and thus giving long term investors an opportunity to accumulate quality stocks at lower levels. We suggest making higher allocation towards large caps as valuations are comfortable along with steady growth prospects,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 47.5 points, or 0.25 per cent, at 18,960, signaling that Dalal Street was headed for positive start on Friday.