Here are the key Indian market, economy and personal-finance developments to know this morning, compiled from leading business news sources.
Key points
- Indian equity markets saw a surge as the BSE Sensex rose by over 1,200 points and the Nifty reclaimed 23,400, driven by Reliance Industries and easing crude oil prices. [1]
- During the first half of FY27, mid-cap and small-cap funds attracted ₹38,043 crore and ₹42,212 crore, while large-cap funds saw inflows of ₹4,575 crore. [2]
- Banks started raising deposit rates as liquidity conditions shrank, with Bank of India being the latest to announce a hike. [3]
Top headlines
- Small & midcap funds remain top bets for investors in first half of FY27 — Economic Times, 03 Nov, 05:54 IST
- A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move — Economic Times, 03 Nov, 00:20 IST
- We will consider the call for review of LTCG tax: Finance minister Nirmala Sitharaman — Economic Times, 03 Nov, 06:00 IST
- How are equity investments taxed in India? A guide to capital gains tax — Economic Times, 02 Nov, 14:15 IST
- Bank CD rates surge above 8% amid liquidity squeeze, rising T-Bill yields — Economic Times, 03 Nov, 06:14 IST
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This brief was prepared with AI assistance from publicly available news headlines; numbers in [brackets] link to the original articles. It is for information only and is not investment advice or a recommendation. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Sahare Wealth, AMFI-registered Mutual Fund Distributor, ARN-151469.