Bitcoin dropped 3.5% to below $109,000, dragging the global crypto market cap under $4 trillion after the Fed’s rate cut. Ethereum and major altcoins also fell over 3–4%, with total market value slipping to $3.68 trillion.

Dr. Reddy’s Laboratories shares declined over 5% after receiving a Notice of Non-Compliance from Canada’s Pharmaceutical Drugs Directorate for its Semaglutide Injection, though analysts see the issue as temporary.

Groww’s four co-founders are set for windfall gains of up to 4,950% from their early investments as the fintech heads for its much-awaited IPO. Each founder — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — will sell 10 lakh shares in the offer-for-sale, earning about ₹10 crore each at the upper price band of ₹100 per share.

Supreme Industries shares dipped following a revised FY26 volume growth guidance to 12-14% due to a tepid first half. Temporary headwinds from prolonged monsoons and slower government spending impacted demand, particularly in the plastic piping business. Despite near-term challenges, the company anticipates stronger demand and a gradual revival in the latter half of FY26.

The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People s Party, and concerns over US payment firm dominance are creating roadblocks.

Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww s diversified services offer a buffer against industry regulatory challenges.

The Federal Reserve cut interest rates by a quarter percentage point, but Fed Chair Jerome Powell signaled that a December cut is uncertain, leading the Dow lower and the S&P 500 flat. Nvidia reached a $5 trillion market value, boosting the Nasdaq to a record high, as strong earnings reports generally beat expectations.

Meta s stock declined after reporting strong Q3 results but forecasting significantly higher expenses in 2026 due to AI investments and talent acquisition. Despite the stock drop, analysts remain optimistic, viewing AI as a crucial growth engine for the company s advertising foundation. Meta also faces potential legal and regulatory challenges that could impact its financial performance.

Meta faced a substantial charge impacting its stock. The company is heavily investing in AI infrastructure, planning massive data centers. This aggressive spending, shared by major tech firms, raises concerns about an AI bubble. Meta is also streamlining its AI unit with job cuts. These moves signal a focus on long-term AI development despite current cost pressures.