A lenders consortium led by Canara Bank has successfully sold ₹520 crore of Karanja Terminal and Logistics (KTPL) debt to Prudent ARC through a Swiss challenge auction. This all-cash transaction recovered over 86% of the dues, significantly exceeding initial offers and the base price. The sale, however, is pending ongoing court proceedings initiated by KTPL s promoters.

Sebi is pushing for broader banking and financial services indices, aiming to reduce the dominance of a few large banks. This move will cap individual stock weights at 20% and top three at 45%, potentially benefiting smaller and mid-sized banks. Investors and traders can expect shifts in portfolio rebalancing and new trading opportunities as the indices adapt.

Nvidia CEO Jensen Huang has sold over one billion dollars in company shares. This sale concludes a large pre-planned divestment. The chipmaker recently crossed a five trillion dollar market value milestone. This surge is driven by high demand for artificial intelligence processors. Several other company insiders have also profited significantly from the AI boom.

Wall Street indexes closed higher, led by Amazon s strong earnings forecast, but Fed rate cut hopes dimmed. Amazon shares surged, boosting the consumer discretionary sector. However, cautious Fed commentary and supply concerns for Apple tempered overall sentiment, despite strong earnings season performance.

Federal Reserve officials revealed stark disagreements over the recent interest rate cut, with some presidents expressing discomfort and advocating for a pause. Governor Christopher Waller, however, pushed for further easing to support a weakening labor market. This internal division complicates Chair Jerome Powell s efforts to build consensus as the Fed faces a crucial December meeting.

Indian markets are watching a strong US stock rally. Investors are focused on upcoming company earnings and the US Federal Reserve s interest rate decisions. The market is at high valuations, making earnings crucial for future gains. The first week of November is historically positive for stocks. AI investments are a key theme, with companies announcing spending and investors seeking returns.

The Federal Reserve s Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eligible financial firms facing temporary cash needs.

Shripal Shah, CEO of Kotak Securities, reveals how meditation, fitness, and sports cultivate leadership. Mindfulness aids clear decision-making under pressure, while strategic games like chess mirror business adaptability. Running fuels focus, and sports teach resilience in both victory and defeat, fostering a balanced approach to a demanding career.

Ace investor Rekha Jhunjhunwala significantly boosted her stake in Canara Bank, acquiring an additional 1 crore shares. This move aligns with positive market sentiment for PSU banks, potentially driven by increased foreign investment caps. Jhunjhunwala also increased her holdings in Federal Bank and Titan Company, underscoring her continued confidence in India s financial and consumption sectors.

Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest in these lenders.