Most of emerging Asia’s catch-up came from Taiwan (+404%) and Korea (+287%) in dollar terms. India’s +115% still left China (+2%) far behind. The rupee’s 21% fall against the dollar also trimmed India’s dollar return.

India used 21% more electricity in October than a year ago (6 to 25 Oct). Peak demand hit 260.7 GW and has since eased to about 234 GW.

India’s core sector grew 7.9% in September, against 3.1% a year ago. Iron ore, electricity and coal led. Fertilisers fell 11.7%.

ITC Hotels’ net profit rose 52% to ₹203 crore in Q2FY27, on revenue up 26% to ₹1,054 crore. Operating margin is 32.3%, up from 29.7%.

RBI bought a net $43.3 billion of dollars in August, the most ever in a month. The old record was $18.63 billion, set in June 2021.

IndusInd Bank made ₹1,176 crore profit in Q2FY27, against a loss of ₹437 crore a year ago. Gross NPAs are down to 2.73% from 3.60%. Revenue is up just 1.7%.

Adani Power’s net profit rose 142% to ₹7,019 crore in Q2FY27. That includes ₹2,422 crore of revenue from earlier periods. Without it, operating profit is up 18.5%.

Up to ₹27,500 crore of Jio’s ₹30,213 crore IPO is meant to repay debt, about 91%. No existing shareholder is selling any shares.

Smallcaps are down 7.64% this week, midcaps 5.27%, and the Nifty 50 3.0%. The smaller the index, the bigger the fall.

Brent futures are up 81% in a year to $113.17, 4% short of their March high. In rupees, a barrel has nearly doubled, from about ₹5,500 to ₹10,700.

RBI’s net short dollar position in forwards hit a record $200.06 billion at the end of August, up from $136.77 billion in July.

MTF is up 92% since December 2024. The Nifty is down 7%. The book peaked at ₹1.59 lakh crore on 30 September and sits at ₹1.56 lakh crore now.

Gold imports fell 81% in a year ($9.6bn to $1.8bn). Gold ETF inflows fell 47% (₹8,363 crore to ₹4,451 crore). Physical gold took the bigger hit.

India VIX, the market’s fear gauge, closed at 15.68 on Wednesday. That is its highest since 8 June and 51% above its 23 September low of 10.35.

Muhurat trading has ended higher for eight years in a row, since 2018. Over the last 10 years, the Nifty rose in eight sessions and fell in two.

The Centre pays ₹14 lakh crore a year in interest. That is 40% of its revenue and 10 times its education budget.

This month so far, Nifty is up. Midcap, Smallcap and Microcap are all down. The smaller the stock, the bigger the fall. The gap got wider in the last few days.

Vehicle sales in the first nine days of Navratri rose 2% to 10.3 lakh units. Passenger vehicles fell 14%, because last year’s Navratri came right after the GST cut.

Banks’ surplus cash with the RBI has fallen from ₹4.2 lakh crore on 7 October to ₹2 lakh crore on 16 October. Overnight borrowing rates have moved from 5.36% to 5.67%, above the 5.50% repo rate.

Hindustan Zinc’s net profit is up 142.1% to ₹6,412 crore in Q2 FY27. Revenue is up 76.5% to ₹15,093 crore.

India’s forex reserves are $59.7 billion (7.6%) below their record of $785.7 billion on 4 September.