Vedanta s shares experienced a surge of 2.2% following its subsidiary, Talwandi Sabo Power Limited (TSPL), reaching a settlement agreement with SEPCO Electric Power Construction Corporation. This agreement resolves long-standing disputes related to EPC contracts for a 3x660 MW thermal power project, leading to the withdrawal of pending arbitration proceedings and strengthening TSPL s operational position.

KRBL shares: Independent director Anil Kumar Chaudhary resigned, citing corporate governance concerns. He highlighted issues like inconsistent meeting records, withheld information, and unexplained write-offs that undermine oversight and stakeholder interests.

Indian stock markets, Sensex and Nifty, started the week cautiously. This mirrored a similar trend in Asian markets. Investors are awaiting the U.S. Federal Reserve s policy meeting. They also anticipate progress in India s trade talks with Washington. The Sensex closed slightly higher. The Nifty 50 also saw a marginal increase. Market participants are keenly observing global cues.

Prime Minister Narendra Modi s GST rationalization led to a Rs 6 lakh crore stock market rally. Auto and consumer durable stocks emerged as big winners. Small cars and two-wheelers now attract lower GST. Analysts predict a boost in consumption and economic growth. Companies anticipate increased sales volume, especially in economy segments. Experts see a potential Lollapalooza effect on aggregate demand.

Certain penny stocks with Foreign Institutional Investor backing have shown remarkable growth. Pro Fin Capital Services led the pack with a five-fold increase. Atal Realtech, focused on real estate, more than doubled investor wealth. Achyut Healthcare and Gayatri Highways also saw significant gains. Pratik Panels experienced a surge, potentially driven by market sentiment.

The Trump administration has renewed efforts to remove Federal Reserve Governor Lisa Cook, sparking a legal battle that questions presidential power over the central bank. Cook’s defence stresses risks to economic stability, while allegations and counterclaims unfold. The case carries historic weight, potentially reshaping Fed independence and future presidential influence.

Gold October futures traded above ₹1.09 lakh per 10 grams despite early profit booking ahead of the FOMC meeting, while silver December futures remained flat with a slight negative bias. Both metals gained last week, with gold reaching a record $3,700/oz and silver hitting a 14-year high on safe-haven demand and rate cut expectations.

JBM Auto shares rose sharply on Monday, extending a two-day rally after its subsidiary, JBM Ecolife Mobility, secured a $100M IFC investment. The deal will fund 1,455 electric buses across India, reinforcing the country’s push for sustainable public transport.

The Indian rupee depreciated slightly to 88.30 against the US dollar due to tariff pressures and foreign portfolio outflows, despite potential RBI intervention and hopes for a US rate cut. Market sentiment is also influenced by US Commerce Secretary s warning about India s tariffs and their impact on trade relations.

Nifty s positive performance and surpassing resistance levels suggest a bullish market sentiment. Experts recommend buying stocks like IREDA, BEL, and Glenmark Pharma, citing positive trends and potential upsides.