_Markets open today_
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📊 *ECONOMY & POLICY*
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🏦 *Bonds tumble on oil surge, rate-hike fears*
The 10-year yield rose above 7.45% with Brent at $112.50, while repo stands at 5.50% after October’s hike.
Further RBI tightening is on the table, and the central bank rejected all bids at Wednesday’s ₹23,000 cr T-bill auction.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/bonds/indian-bonds-tumble-on-oil-surge-rbi-rate-hike-fears/articleshow/135118875.cms
🤝 *India-EU FTA may start Jan-Mar 2027*
Goyal said the pact will be signed before end-2026, and criticised CBAM and the EU’s 50% above-quota steel duty.
India’s steel quota is 1.9 mt+ against 3.8 mt exported to the EU in 2025-26, so metals exporters are the ones to watch.
📎 _Read: Business Standard_
⚡ *West Asia oil imports back at pre-war levels*
West Asia crude imports rose to 2.8 mn bpd in September (54% of purchases), while Russian crude fell 14% m-o-m to 1.8 mn bpd.
The supply mix is tilting back to the Gulf, which keeps Hormuz risk central to India’s import bill.
📎 _Read: Business Standard_
🤝 *India-UAE trade crosses $101 bn*
Non-oil commerce is up nearly 50% since the CEPA took effect, and the two sides target $200 bn by 2030.
The pact is delivering, which supports exporters to the Gulf.
📎 _Read: NDTV Profit_
🤝 *India, Poland aim to double trade by 2030*
Modi-Tusk talks produced four key announcements and a pledge to turn the strategic partnership into time-bound results.
It adds to India’s push to widen trade ties in Europe.
📎 _Read: NDTV Profit_
💻 *India targets 2-3nm chip design capability*
Modi said Indian engineers are designing 2-3 nm chips, and students have developed 325+ chips.
It is a tailwind narrative for the deep-tech and electronics design ecosystem.
📎 _Read: NDTV Profit_
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🏢 *COMPANIES*
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📈 *Jio IPO sees record QIB demand; closes today*
The ₹30,213 cr issue drew 12.87x QIB subscription, the highest among India’s five largest IPOs, with overall subscription at 5.36x on Day 2.
GMP signals about 22% gains. The price band is ₹1,065-1,119, allotment is Oct 26 and listing is Oct 28.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/ipos/fpos/record-galore-jio-ipo-claims-crown-for-highest-qib-demand-among-indias-5-largest-issues-edges-past-nse/articleshow/135120259.cms
💻 *Infosys Q2 results today; guidance in focus*
Results are due this afternoon, around 3:45 PM IST, with a dividend decision, and analysts see PAT rising about 10%.
Nifty IT was among Thursday’s weakest sectors, so the print sets the tone for the sector.
📎 _Read: Business Standard_
📉 *eMudhra exits global SSL/TLS certificate business*
The exit follows exposure of private keys for eight web security certificates.
Business Standard reported the stock sank about 20% on Wednesday, so this is a governance and reputational hit.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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💡 *Anthropic IPO goes ahead as others delay*
Anthropic plans to proceed next month while other AI listings are delayed, and the recent Oura IPO has raised questions about institutional demand.
It tests investor appetite for AI paper amid the current tech selloff.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/us-stocks/news/anthropic-ipo-stands-alone-as-ai-market-jitters-sideline-others/articleshow/135121938.cms
📈 *Japan core inflation hits 2.1% in September*
Core inflation rose from 1.7% in August on food and energy costs, above the central bank’s target.
It strengthens the case for BOJ rate hikes, with implications for global yields and carry trades.
📎 _Read: Moneycontrol via TheReader.AI_
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_Compiled by InvestoScope · 23 Oct 2026_