Securities and Exchange Board of India s (Sebi) actions against options trading caused a significant market drop. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) investors faced substantial losses. BSE shares fell, erasing market value. NSE s unlisted shares also plummeted. Discount brokerage Angel One experienced a sharp decline. Concerns over potential regulatory changes on derivative trading are rising.

Gemini Space Station, led by the Winklevoss twins, successfully raised $425 million in its IPO, pricing shares at $28, above the initial range. The IPO values Gemini at $3.33 billion. Investor demand was robust, driven by high digital asset prices and regulatory developments. The company will commence trading on Nasdaq under the ticker "GEMI" amid growing momentum for crypto listings.

Indian government bond yields are expected to fall further. This follows U.S. inflation data that supports expectations of a Federal Reserve rate cut. The yield on the 10-year benchmark note is likely to be between 6.45% and 6.49%. India will auction sovereign bonds worth 280 billion rupees. The Reserve Bank of India will also conduct a reverse repo auction.

Sebi s board meeting is set to bring significant reforms to Indian markets, focusing on IPO regulations, foreign investment, and institutional participation. Relaxations in IPO norms for large firms, a simplified entry framework for low-risk FPIs, and potential quotas for domestic insurers in anchor books are key proposals.

The Australian dollar reached a ten-month high against the US dollar. This happened because of weak economic data from the United States. Experts predict further gains for the Aussie. The Aussie also rose against the Japanese Yen, Euro, and Canadian dollar. Meanwhile, the New Zealand dollar struggled due to weak economic data.

China Evergrande Group s liquidators have received initial offers for its stake in Evergrande Property Services. Final bids are expected by November. Several parties have signed confidentiality agreements. Subsidiaries of state-owned China Overseas Holdings and China Resources Holdings are reportedly interested. Evergrande Services shares surged following the news.

When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded throughout the day, weighted by trading volume.

India Infrastructure Trust leads with a 17.78% yield, followed by PowerGrid Infra at 12.52% and PTC at 11.13%. Indus Infra Trust, India Grid Trust, and Cube Highways Trust also offer substantial returns. Akzo Nobel, Castrol, Brookfield Real Estate, and National Highways Infra complete the list of top dividend-yielding midcap stocks.

Infosys share price: Infosys has announced a significant Rs 18,000 crore share buyback at Rs 1,800 per share, a 19% premium, aiming to benefit its shareholders amidst market volatility. Analysts view this move as a strategic vote of confidence, with potential EPS growth and attractive dividend yields, despite modest revenue growth expectations and concerns about long-term investment strategies.

Jefferies is optimistic about 25 companies across 11 sectors. The brokerage firm highlights potential growth in financials, automobiles, and metals. Infrastructure, energy, and real estate sectors also show promise. Pharma, FMCG, telecom, and aviation are among the favored sectors. Reliance Industries, HDFC Bank, and UltraTech Cement are key picks. The report suggests strong earnings growth for several companies.