On October 27, the Indian market snapped a 6-day losing streak, ending 1% higher with all sectoral indices closing in the green. Positive news from PNB, Shriram Finance, Suzlon Energy, Aditya Birla Sun Life AMC, Lemon Tree, Novartis India, Canara Bank, Phoenix Mills, Laxmi Organics and Karnataka Bank saw their stocks perform well. PNB reported a strong set of numbers for the quarter.

The Central government reduced the floor price for basmati rice exports from $1,200 to $950 per tonne due to high inflation and to make them more attractive to global buyers. Exporters had been consulted and involved in the decision, with All India Rice Exporters' Association playing a key role in convincing authorities to lower the minimum export price.

Indian benchmark indices staged a recovery after a six-day losing streak and closed with solid gains on October 27, supported by buying in realty, energy, and financial stocks. However, caution still lingers due to geopolitical tensions, surging US bond yields, FII fund outflows, and rate hike fears. NSE Nifty added 190 points and BSE Sensex rose 634.65 points, both by 1.01 percent.

On October 27, several major stocks reached new 52-week highs, showing resilience and potential for growth in the stock market. These performances demonstrate the variety of opportunities available for investors with StockEdge providing real-time data.

Allcargo Group, a large global logistics group, plans to achieve carbon neutrality by 2040 by leveraging its ESG goals including energy & emissions, DEI, community development, labor practices & human rights, cybersecurity & corporate governance. It seeks to increase gender diversity & shift to alternative fuel vehicles for first & last mile deliveries.

Andrew Holland, CEO of Avendus Capital Markets advises investors to not panic during market downturns. Instead, for solid long-term returns, purchases should be made across the top and the bottom of the market--akin to an investor's SIP. To make profitable decisions, he recommends looking into industries and stocks beyond just the index that may hold surprises.

J&J is facing at least 51,000 lawsuits claiming its talc-based baby powder causes cancer. To resolve all cases, the company plans to use the bankruptcy courts, but these filings have been repeatedly thrown out. In the next year, J&J will face 18 jury trials over the claims in state and federal courts across the US.

Stocks and bonds have been moving in weighted correlation over the past few years, causing uncertainty in traditional 60/40 portfolio management. According to research, correlations have been ever-evolving with changing risk appetite and narratives powering the markets.

Altigreen Propulsion Labs has rolled out neEV Tez, the world's fastest-charging three-wheeler commercial vehicle, in Delhi and NLR which is supported by Reliance Industries. It can be charged through normal, fast, or 15 minute rapid charging with Exponent Energy at their e-pumps. They have sold 300 vehicles in Bangalore and are aiming to sell 1,000 by March 2024.

The new owners of Coromandel Engineering have deposited funds to meet the open offer to buy shares held by minority investors, following the Murugappa Group's sale of their entire 73.28% stake. This has put uncertainty surrounding the open offer to rest. The acquirers agreed to purchase up to 8.46 million shares, representing 25.48% of the stake at Rs 13.50 apiece.

In FY 2022-23, bilateral trade between India and Canada reached around $8.16 billion. India imported 4.8 lakh metric tonnes of lentils from Canada in that period. Despite ongoing diplomatic tensions, trade between the two countries has continued to remain unaffected.

HAL and Safran Aircraft Engines have partnered to expand their collaboration by signing a MoU for ring forging manufacturing development for commercial engines. The partnership will involve the production of LEAP engine forgings at HAL's Foundry & Forge facility in Bengaluru. The MoU was signed in the presence of key officials from both companies, expressing mutual excitement over the new venture.

Commerce and Industry Minister Piyush Goyal will attend the two-day meeting of trade ministers from the Group of Seven (G7) member states in Osaka, Japan starting October 28. Other invitee nations, invitee organisations such as WTO, ERIA, and OECD, will also be participating. The topics taken up during the meet include enhancing supply chain resilience, promoting trade & sustainability.

The aviation industry is in a race against time to adopt blockchain technology and other authentication technologies to prevent fake components from entering its supply chain. Blockchain can track parts, check authenticity and create a 'digital block of data that cannot be forged' to help curb the threat posed by counterfeits.

Vodafone Idea reported a net loss of Rs 8,737.9 crore and revenue from operations of Rs 10,716.3 crore for the quarter ended September. Revenue was driven by better subscriber mix and 4G additions, and EBITDA rose year on year to 40%. ARPU increased from Rs 131 to Rs 142 YOY but is still lower than peers. Total gross debt stood at Rs 2,12,780 crore.