Airtel says that rather than lowering prices substantially to combat Jio, its waiting its competitor out, since Jio can't keep offering free services for very long. Airtel CEO Gopal VIttal pointed out that Jio's free services will become paid in January 2017, and only then will Airtel start comparing pricing and consider lower rates for its plans.  

The US Embassy has issued a travel advisory for those heading to India, amid concerns that ISIS is planning an attack in the country soon. The threats, it said, are to markets, festival venues and religious sites. 

For the first time in Indian stock market history, mutual funds hold more money than the state-run LIC. Sensex gains in the first half of the year encouraged investors to put money into equity, and at the end of September, the value of mutual fund equity portfolio in listed firms stood Rs.4.94 lakh crore compared toRs.4.75 lakh crore held by LIC. Not only does this show greater faith in equity markets by investors and institutions, it marks a shift in behavior from old-school investing tools and into equity. 

Stock in view: Punjab National Bank has plummeted in trading today, topping the Top Losers screener, with a fall of -3.83%. Banking stocks are taking a beating in the morning's trading. 

Photo of the Day: A robotic fish swims in a tank at the Singapore Robot Expo. Roslan Rahman/Getty Images