💹 Economy & Policy
- India’s government debt projected to fall to 71% of GDP by FY35 from the current 81%, according to CareEdge Ratings.
- India and the EU concluded the 14th round of free trade talks in Brussels, signaling progress toward an India-EU FTA.
- Trump announced 130% tariffs on Chinese imports, reigniting global trade war concerns.
- Investors eye India’s September inflation data today, expected to influence short-term monetary outlook.
📈 Equity Markets
- Indian markets likely to open lower, with GIFT Nifty trading 98 points down, indicating a gap-down start amid U.S.–China trade tensions.
- Volatility expected as traders track global sentiment and await HCL Tech’s Q2 results for sector cues.
- Oil prices rebounded 1% after sharp losses triggered by tariff escalation and risk-off trade.
🏦 Companies & Tech
- Qualcomm CEO met PM Modi to discuss AI innovation and semiconductor collaboration in India.
- Discount brokerages report a sharp slowdown in new account openings as market activity moderates.
- Samsung set to post its highest Q3 profit in three years, driven by strong chip demand recovery.
- HCL Tech Q2 results today will be closely watched for signs of margin stability and large deal wins.
🌏 Global & Commodities
- Bitcoin extended losses as Trump’s tariff announcement triggered risk aversion in global assets.
- Oil rebounded modestly, while metals and crypto markets remained volatile on trade war fears.