Day

October 23, 2025
London’s FTSE 100 touched an intraday record high on Thursday, lifted by oil stocks and positive results from blue-chip firms such as LSEG and Rentokil.
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Several Nifty500 companies, including Ramkrishna Forgings, Wockhardt, and Jubilant Ingrevia, reported an increase in promoter pledging during Q2 FY26, signalling higher borrowing or liquidity needs that could raise investor caution over potential financial stress.
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Sebi on Thursday barred First Overseas Capital from taking any new mandate for two years and levied a penalty of Rs 20 lakh for multiple violations, including furnishing false information and breaching underwriting limits.
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Wall Street opened flat on Thursday as lackluster earnings from Tesla and IBM dampened investor mood, while brewing trade tensions between the U.S. and China threatened to deepen the market’s unease.
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Tesla shares fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of profit misses to a fourth quarter, even as sales hit record highs.
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Shares of US quantum computing firms, including IONQ, Rigetti and D-Wave, rose up to 14% after reports that Donald Trump’s administration may take equity stakes in exchange for federal funding. The move aligns with US efforts to strengthen tech supply chains and reduce dependence on China.
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JP Morgan on Thursday forecast gold prices could reach an average of $5,055/oz by the fourth quarter of 2026, based on assumptions that investor demand and central bank buying will average around 566 tonnes per quarter next year.
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