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This results quarter has highlighted a shifting trend in the Indian industry, where financial and auto stocks have brought light to markets while tech has turned downwards. A good monsoon has helped banks, consumer durables and auto sales, with Eicher Motors being the top gainer among auto stocks. The Nifty IT index is heading for a sixth straight session of losses. The market is also watching global cues, with the U.S. Federal Reserve's meeting set to begin on Tuesday, which could provide clues on a December rate hike, and the upcoming US election on November 8.
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The outcry over the removal of an iconic Vietnam War photograph by Facebook has compelled the company to say that its reviewing its content policies and will allow more content that is currently censored. This has come after an protests by human rights groups, who say that FB regularly censors material which might annoy governments.
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Andhra Pradesh and Telangana now top the nation in the Ease of Doing Business Index, while Maharashtra has fallen from the 8th to 10th place. Gujarat has lost its number one ranking.
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Stock in spotlight: Vedanta tops the Top Gainer screener today. The company has gained over 20% in the past month. over strong operating performance during the quarter. The company had struggled with recent problems of power outages and labor unrest.
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Photo of the day: A popular 'scary costume' this Halloween is a phone - the Samsung Galaxy Note 7. A participant walks on a street in Japan in the costume. Reuters/Kim Kyung-Hoon