💹 *Daily Business Briefs | Monday, 02 Nov 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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📈 *GST collections jump 22.9% to ₹2.31 lakh crore*

October gross GST hit ₹2,31,290 crore, and net GST rose 25.6% to ₹2,03,356 crore.

Import IGST (+42.2%) outpaced domestic revenue (+15.8%), so the domestic-demand signal is narrower than the headline.

📎 _Read: Business Today_

https://www.businesstoday.in/india/story/gross-gst-collections-hit-rs2-31-lakh-crore-in-october-marks-22-9-yoy-rise-on-robust-domestic-growth-564976-2026-11-01

💡 *Flash manufacturing PMI eases to 54.9*

HSBC’s flash October PMI slipped from 55.1, while the flash composite rose to a four-month high of 56.7.

Selling-price inflation is at its weakest in almost four years, which eases margin pressure; the final print is due in early November.

📎 _Read: Trading Economics_

https://tradingeconomics.com/india/manufacturing-pmi/news/594486

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🏢 *COMPANIES*

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📈 *Maruti posts record 2.76 lakh monthly sales*

October sales hit 2,76,120 units (+25%), with record domestic sales of 2,16,789 and exports of 49,872.

Festive demand lifted volumes, and April–October sales are 16,55,498 units versus 12,99,629 a year ago.

📎 _Read: Asianet Newsable_

https://newsable.asianetnews.com/business/maruti-suzuki-records-highest-ever-monthly-sales-of-2-76-lakh-units-articleshow-8ggyd1n

📈 *Tata Motors PV sales rise 23%, EVs hit 16,244*

Passenger vehicle sales were 75,426 units (+23%), with EVs at about 21.5% of the mix.

The commercial-vehicle arm sold 47,652 units (+27%), pointing to broad-based demand.

📎 _Read: Zeebiz_

https://www.zeebiz.com/automobile/news-auto-sales-october-2026-maruti-hyundai-mahindra-tata-motors-eicher-force-who-gained-who-lagged-404898

💰 *Jio Platforms trades ~28% above IPO price*

Shares listed on 28 Oct at ₹1,358, a 21.36% premium to the ₹1,119 issue price, and closed Friday at ₹1,431.30.

The ₹30,213 crore issue, described as India’s largest, has held its listing gains.

📎 _Read: 5paisa_

https://www.5paisa.com/blog/jio-platforms-ipo-listing

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🌍 *GLOBAL & WORLD*

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📉 *AI stocks shed $5 trillion in October rout*

Per Yahoo Finance’s calculation, 47 AI and chip stocks lost about $5 trillion since 6 Oct, while the other 625 large US stocks gained about $1.3 trillion.

History favours buyers after midterm Octobers, but BofA’s Hartnett says it is risk-off until global rate hikes end.

📎 _Read: Yahoo Finance_

https://finance.yahoo.com/markets/article/ai-stocks-just-lost-5-trillion–but-history-says-the-stock-markets-sweetest-stretch-starts-now-110000768.html

💻 *Apple, Palantir report after US close today*

Both report Monday after the close, with the US October jobs report due Friday at 8:30 a.m. ET.

Results feed Fed-hike pricing and tech sentiment after Friday’s sell-off.

📎 _Read: Stock Titan_

https://www.stocktitan.net/articles/earnings-calendar-week-of-november-2-2026

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