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US Stock Market Live Updates: US stocks future edge lower after AI selloff, telecom slide

India's 10-year bond falls for 10th week in record slump

Indian government bonds have experienced their worst decline in thirty years, falling consecutively for ten weeks. Rising crude oil prices and a hawkish central bank stance have impacted the market negatively. The benchmark repo rate was recently raised to 5.5%, with further increases expected. The 2036 bond yield rose to 7.4740%, indicating a broader trend of increasing yields. These developments may significantly affect India's import bill and inflation outlook.

Infosys ADRs crash 6% after Q2 results as revenue guidance cut spooks investors

Infosys ADRs fell 6.3% after the company lowered FY27 revenue growth guidance to 1-2%, despite September-quarter revenue beating estimates. Profit missed expectations, while large deal wins and AI revenue growth offered support amid cautious technology spending.

Market wrap: Eternal, Apollo Hospital, Shriram Finance, Adani Enterprises among top gainers and losers on Nifty and Sensex on Friday

Indian equity markets fell for a fourth consecutive session, with the Nifty 50 closing at 22,600 and Sensex at 73,123.83. Small-cap, mid-cap and metal stocks slumped as bearish technical signals heightened concerns about further selling pressure.

Jio IPO becomes first public issue globally to cross 1 crore applications; record puts spotlight on depth of India’s retail investor base

Jio Platforms has achieved a remarkable milestone, garnering over one crore applications for its upcoming initial public offering. This surge signifies a burgeoning interest from India's retail investors in technology sectors. With the IPO set to debut on October 28, maintaining this enthusiasm is crucial. The communication strategies employed mirror those found in consumer marketing, urging potential investors to evaluate their financial objectives carefully before engaging with the IPO.

AI stocks: Midterm elections could threaten AI trade as data center backlash grows

Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays may pressure technology stocks, utilities and power infrastructure companies, despite continued strong AI spending.