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The Nifty IT index has surged by over 300 points, putting itself forward as one of the best-performing sectoral indices in today’s session.

Director of Finance and Group CFO Saurabh Gupta stated that Dixon Technologies anticipates producing approximately 40 million smartphones in fiscal year 2025–2026 (FY26) and wants to increase production even more in the next fiscal year.

In my opinion, we anticipated selling almost 40 million smartphones this year. Gupta stated, “I believe we are on track for that.” “We have done about 20 million in the first six months.”

The shares of Punjab National Bank surged on Monday, hitting the 52-week high mark.

JSW Paints Gets CCI Nod For Akzo Nobel India Acquisition

As investor interest is rekindled by significant strategic deals, consistent credit expansion, and increasing consumer sentiment, the Indian financial sector is once again in the news.

“The sector’s attractive valuations have long attracted both domestic and foreign investors, and the environment now looks primed for a sustained recovery,” said Sandeep Bhatia, Managing Director and Head of Equity India at Macquarie Capital.

The shares of another JK Tyre surged, following the surge in prices of Apollo Tyres.

Jana Bank shares are trading under pressure, as the bank’s shares are trading with high volumes of 3 lakh shares, compared to the 20-day average of 60,000.

The shares of Can Fin Homes surged, hitting the markets with major volume movements, 6.7 times the usual amount.

On Monday, October 20, shares of Bharat Rasayan Ltd. increased by as much as 12% following the company’s announcement that its board will meet to discuss a stock split and bonus issue of shares in addition to its September quarter results.

The business stated in an exchange statement that the board will discuss these ideas at its meeting on Friday, October 24.

Following the release of its second-quarter earnings, UTI AMC Ltd.’s shares saw their largest one-day decline since their debut in 2020, falling 10%.

The severe 91% fall in other (market-to-market) income was the primary driver of the company’s 23% sequential revenue decline, which was generally in line with forecasts.

Praveen Kutty, DCB Bank On CNBC-TV18

Expect Credit Costs To Be Between 40–45 bps By The End Of FY26

Deposit Growth Stands At 19% YoY

NIMs Have Bottomed Out & Are Expected To Expand, Barring Any Further Rate Cuts

Cost-to-income Ratio Has Declined Significantly On A Yearly Basis

Cost-to-average Assets Is Now Lower Than The Previous Quarter

We Have Exited Investments With Poor Returns

Co-lending Ratios Are Expected To Decline Below 15% In Q4

The shares of Tejas Network slumped by 8%.

Sudeep Shah, Head Of Technical and Derivative Research, SBI Securities

The Zerodha BSE SENSEX Index Fund is an open-ended fund that was introduced by Zerodha Fund House with the goal of tracking the BSE SENSEX Index. Unit allocation is planned for November 6, and the fund’s New Fund Offer (NFO) will commence on October 20 and close on November 3.

Expect silver prices to head towards $50-55/oz & zinc prices to move towards $3,000-3,100/t as demand remains strong till next year at least.

Q3 is expected to be a soft quarter because of festivals; rolling out salary increments for 88% of the employees from Oct 1

Bharat Rasayan Board to consider stock split & bonus issue on October 24

Nikhil Khandelwal, Managing Director, Systematix Group

Shreehas Tambe, Biocon Biologics On CNBC-TV18

Share India Securities

Date        Price Action      Volumes

October 15  (GU) 9%          16.1 Lakh

October 16  (GU) 20%              1.05 Crore

October 17  (GU) 12%               2.74 Crore

Share India Securities

– 2.74 crore shares change hands Vs 20-day average of 9.5 lakh

– 31 lakh shares change hands Vs 20-day average of 3.8 lakh

The Nifty PSU Bank index is leading the charge, as the sectoral index has surged over 3%.

Nureca

Due to high demand, growing industrial use in electronics and renewable energy, and its attraction as a precious metal, Hindustan Zinc anticipates that silver prices will rise to $50 to $55 an ounce by the beginning of next year and stay stable through the first quarter.

Praveen Kutty, DCB Bank On CNBC-TV18

The solar manufacturing division of the Brookfield-backed Avaada Group, Avaada Electro, has submitted its draft prospectus for a planned ₹9,000–₹10,000 crore IPO.

The IPO is anticipated to include a combination of offer-for-sale (OFS) components by current shareholders and new issue, while the specifics of the company’s public offering are unclear.

Negative

Positive

In early trading on Monday, October 20, the rupee gained 14 paise to reach a month-high of 87.88 against the US dollar due to reduced crude oil prices and inflows of foreign funds.

The rupee sentiment was further strengthened by notable increases in the domestic stock market.

On Monday, October 20, shares of RBL Bank Ltd.,a private sector lender based in Mumbai, are up 7% following the release of the bank’s second-quarter financial year 2025–2026 (Q2FY26) earnings.

Today, the RBL Bank stock is prohibited from trading in the futures and options (F&O) market.

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