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Rising for the second straight session, the rupee surged 21 paise to close at 87.87 (provisional) against the US dollar on Thursday, buoyed by a softer American currency against major currencies and renewed risk-on sentiment among investors.

Jio Financial Q2 Results: Jio Financial Services on Thursday reported a 0.9% YoY growth in its consolidated Q2 net profit at Rs 695 crore versus Rs 689 crore in the year ago period.

The Sensex surged 862 points to 83,468, driven by broad market gains. Eight BSE Consumer Discretionary stocks, including Uniparts and Ather Energy, reached 52-week highs, signaling strong bullish momentum and potential further upside.

JPMorgan CEO Jamie Dimon signals a rare bullish stance on gold, suggesting it could reach $5,000–$10,000 amid stretched asset valuations and inflation concerns. The metal’s safe-haven appeal, record rallies, and diversification potential attract renewed investor interest.

As the markets gear up for the festive season and investors prepare to welcome Samvat 2082, the buzz around smallcap stocks is louder than ever. While blue chips continue to dominate the headlines, a handful of lesser-known smallcaps have quietly turned into wealth creators, delivering staggering returns and lighting up investors’ portfolios year after year.

Indian equities continued their upward trend on Thursday, driven by strong performance in financials and consumer durables. The Sensex and Nifty saw significant gains, fueled by optimism surrounding a domestic earnings rebound and renewed foreign investment. This rally marks a continuation of recent positive momentum for the markets.

The BSE and NSE will remain closed on October 21 for Diwali Lakshmi Puja and on October 22 for Balipratipada. A one-hour Muhurat Trading session will be held on October 21, marking the start of Samvat 2082.

India’s young workforce, with a median age of 28, is driving demand for homeownership, shaping urban development and economic growth. A study highlights affordability challenges, especially in Mumbai, where high property prices push young professionals toward suburbs. Strategic planning is crucial for talent retention, rental market balance, and sustainable urban growth.

INDIA-RUPEE-Options tilt most in favour of Indian rupee in over a decade after heavy RBI intervention

Global capability centres (GCCs) are set to lease 50–55 million sq ft of Grade A office space across India’s top six cities by FY27, contributing nearly 40% to overall demand, as global firms expand R&D and innovation hubs.