Religare Finvest, the SME loan division of Religare Enterprises - its largest segment - is up for sale. The company has been trading above its 100 day average this past week. There had been previous attempts to sell the company last year, but the low enthusiasm has led the promoters to look into selling individual units of the firm. 

Trouble is brewing for around 12 brokers, who a whistle-blower alleges got unauthorised access to NSE servers to carry out algorithmic trading. The Securities and Exchange Board of India (Sebi) is starting an inspection of brokers - so far unnamed - to check the allegations.

As the competition for numero uno heats up, more discounts are coming from both Flipkart and Amazon, and the sites will start Diwali festival offers from October 25th. At the last five day sales in the build-up to Dussehra, Flipkart claimed that it had sold 15.5 million units, compared to rival Amazon which sold 15 million units.

Stock in focus: Dr. Reddy's Labs, which has been showing strong bearish signals, with the stock's 50 day average trending below its 200 day. 

Photo of the day: Rise of the Machines - Yamaha displays a motorcycle riding robot called MotoBot at a Tokyo exhibition. Reuters