Business
Sensex, Nifty jump over positive development on India-US trade talks

Mumbai, Sep 10: The Indian benchmark indices opened higher on Wednesday, on the back of promising developments in the US-India trade discussions along with strong overnight global cues.
US President Donald Trump’s initiative to improve India-US relations and Prime Minister Narendra Modi’s positive response to the same is a positive cue for the Indian market.
The Sensex was up 334 points or 0.41 per cent at 81,435 in the early morning trade, and the Nifty was up 106 points or 0.43 per cent at 24,975.
The broadcap indices made strong gains, as Nifty Midcap 100 inched up by 0.73 per cent, and the Nifty Small cap 100 moved up 0.71 per cent.
In the Nifty pack, Larsen and Toubro, Kotak Mahindra, Dr Reddys Labs and TCS were the major gainers. The major losers were Hero Motocorp, Maruti Suzuki, Tata Steel and Hindalco.
Among sectoral indices, Nifty IT, the top gainer, jumped 1.88 per cent. Nifty PSU bank and Nifty Realty were the other major gainers. Only Nifty Auto (down 0.33 per cent) and Nifty Consumer durables were in the red.
Nifty on Tuesday faced resistance near the 24,900 level for the second consecutive session. The index formed a small green candle with a long lower shadow on the daily chart, reflecting ongoing consolidation and intraday volatility.
“Nifty continued its upward journey yesterday, rising for the fifth consecutive session and closing at a two-week high. By closing above 24791, Nifty managed to reclaim its level above 50 DEMA. The index has now decisively surpassed its 5, 10, 20, and 50-day DMAs, which is a bullish signal on short-term charts,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.
According to market analysts, buying interest is visible at lower levels, and the 24,900–25,000 zone continues to act as a stiff hurdle. Immediate support is placed at 24,620, and as long as the index trades below 25,000, some consolidation or mild weakness may persist, they said.
US markets made strong gains overnight as the Dow Jones Industrial Average inched up 0.43 per cent, while the Nasdaq advanced by 0.37 per cent and the S&P 500 gained 0.27 per cent. The rally was driven by expectations for Federal Reserve rate cuts following a sharp downward revision to US job data.
The Asian markets were firmly in green during the morning session. China’s Shanghai index advanced 0.17 per cent, and Shenzhen added 0.24 per cent. Japan’s Nikkei was up 0.6 per cent, while Hong Kong’s Hang Seng Index added 0.98 per cent. South Korea’s Kospi inched up 1.55 per cent.
On Tuesday, foreign Institutional Investors (FIIs) snapped their 11-day selling streak by purchasing equities worth Rs 2,050 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 83 crore.
Business
Air India’s US-bound flight returns to Mumbai due to technical snag

Mumbai, Oct 22: An Air India flight scheduled from Mumbai to Newark in the United States had to return after take-off, as the crew identified a suspected technical snag, according to a statement issued by the airline on Wednesday.
“The crew of flight AI191 operating from Mumbai to Newark on 22 October, made a precautionary air-return to Mumbai due to a suspected technical issue. The flight landed safely back in Mumbai, and the aircraft is undergoing necessary inspections,” according to an Air India statement.
The total number of passengers on board, along with the time at which the airline departed and returned, was not available in the preliminary statement. As per the usual schedule, the AI1191 flight departs at 01:10 hours (IST) from Mumbai and reaches Newark at 07:55 hours (EDT).
Due to the flight’s cancellation, the return flight from Newark to Mumbai — numbered AI144 — was also cancelled.
The incident comes close on the heels of Delhi-bound Air India plane running into a technical snag at the Milan airport last Friday, stranding over 250 passengers at the foreign airport just ahead of Diwali.
The airline’s Boeing 787 Dreamliner (VT-ANN) had encountered a technical issue upon landing in Milan, preventing the aircraft from operating the return journey to Delhi.
Air India then scheduled an additional flight from Milan to Delhi on Oct 19 to bring back home 256 passengers who were stranded in Milan since, October 17.
The airline claimed it had extended all immediate assistance to affected passengers, including hotel accommodation and meals. Full refunds or complimentary rescheduling were also offered as per passenger preference.
A similar incident occurred on August 16 this year, when an Air India flight on the same route was cancelled due to a technical issue that was notices during pushback.
According to Air India, a maintenance task was identified just as the aircraft was preparing for departure. The subsequent delay caused the operating crew to exceed mandatory flight duty time limitation norms, making it unsafe and impermissible for them to continue.
Business
Gold likely to open weak after steep global fall; prices may drop to Rs 1.22–Rs 1.23 lakh per 10 gm

Mumbai, Oct 22: The rush for gold may slow down after Diwali, as the yellow metal is expected to open on a weak note in the domestic market on Wednesday.
This comes after international gold prices fell sharply by 5.5 per cent — the steepest decline since August 2020.
Analysts expect Indian gold prices to correct to around Rs 1.22–Rs 1.23 lakh per 10 grams when markets open on Wednesday.
The fall in global prices has triggered profit-booking among investors who had benefited from gold’s recent rally.
Silver too lost over 2 per cent, trading near $47.6 per ounce after tumbling 7.1 per cent in the previous session.
Gold and silver both extended their slide from record highs, while Asian stock markets showed mixed trends following a muted session on Wall Street.
Experts said the sharp drop in precious metals reflects a wave of profit-taking after their rapid rise this year.
“Many investors have grown cautious, believing that gold’s rally may have entered a bubble zone,” analysts noted.
This year’s rally had been driven by worries about the fiscal health of major economies, especially the US, and expectations that the Federal Reserve could cut interest rates further by the end of the year.
Gold prices had surged nearly 60 per cent this year, fuelled by central banks diversifying away from the dollar and retail investors buying into exchange-traded funds.
Market sentiment also turned cautious after signs of possible progress in trade talks between the US and China.
US President Donald Trump said he expects a “good deal” in his upcoming meeting with Chinese President Xi Jinping, though he admitted the talks might still face hurdles.
Analysts believe that while gold remains a preferred safe-haven asset in the long term, short-term volatility is likely to continue as investors balance profit-taking with global economic signals.
Business
Samsung Electronics to use its own Exynos chip in upcoming Galaxy S26 smartphones

Seoul, Oct 21: Samsung Electronics Co. plans to use its in-house Exynos mobile processor in upcoming Galaxy S26 smartphone models, industry sources has said.
The company’s System Large Scale Integration (LSI) division, a fabless unit that focuses on designing and developing advanced system-on-chip (SoC) products, has completed development of the latest Exynos 2600 chip and will supply it for parts of the Galaxy S26 series starting in November, according to the sources, reports Yonhap news agency.
Exynos chipsets are designed and produced by Samsung Electronics’ semiconductor business.
According to the sources, the company’s in-house tests show strong performance from the Exynos 2600 compared with competitors, and the company believes the chip compares favorably with Apple Inc.’s A19 Pro used in the iPhone 17 Pro models.
The Exynos 2600 is expected to appear in at least one Galaxy S26 model, anticipated to be unveiled early next year.
If the top-tier Galaxy S26 Ultra uses an Exynos chip, it would be the first Ultra model to include an in-house processor since the Galaxy S22 series in 2022.
Previously, Samsung Electronics used Qualcomm Inc.’s Snapdragon chipsets across all Galaxy S23 models, while Exynos appeared only in some S24 variants.
The Galaxy S25, S25 Plus and S25 Ultra, launched earlier this year, all use Qualcomm Snapdragon chips.
Meanwhile, launch of the new generation Galaxy S26 series models in India is expected next year in January or March.
According to multiple reports and industry watchers, the model is slated to compete with with several flagships in the market, including the iPhone 17 Pro Max.
If reports can be believed, the price of the upcoming Samsung Galaxy S26 Ultra 5G mobile price in India is expected to be around Rs 1,59,999 for the base model.
There is also buzz doing rounds that it may offer 12GB of RAM with 3 storage options of 256GB, 512GB, and 1TB.
However, industry watchers expect that the official pricing will be based on the storage variants.
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