MINERAL EXCHANGE APPLICATIONS
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
South Eastern Coalfields files DRHP with SEBI for IPO; Coal India to offload 66.8 crore shares
Coal India subsidiary South Eastern Coalfields has filed its draft papers with SEBI for an IPO comprising an offer for sale of up to 66.81 crore shares. One of India’s largest coal producers, SECL reported higher revenue and profit and plans to list on the BSE and NSE.
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days.
Global Market: Indonesia imposes record $117 million in fines for stock market violations
Indonesia’s financial regulator imposed record fines of 2.1 trillion rupiah ($116.67 million) for trading violations involving three listed companies. The crackdown targets stock manipulation and IPO disclosure breaches, addressing concerns over market transparency following MSCI’s warning about potential downgrade of Indonesian equities from emerging-market status.
China export ban hits tungsten, crucial metal for defence, industry
Tungsten prices have reached record highs since China imposed export restrictions in mid-2025. Manufacturers are now forced to explore alternative supply sources to meet rising demand for tungsten. This metal is crucial for various industries, including aerospace, automotive, and defense. Several global projects are being initiated to extract and recycle tungsten, aiming to reduce dependence on China.
NTPC may buy 10 million tonnes of coal from commercial mines
This would be the second year when the company has procured from commercial mines. In FY25, it had procured around 4 mt. India's largest power generator is expected a coal requirement of around 300 mt in FY27, up 11% from FY26. Most of the company's supply comes from fuel supply agreements with state-run miners.
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Indian Bureau of Mines invites applications to set up mineral exchange
The Indian Bureau of Mines is inviting applications from companies to set up a mineral exchange. Interested applicants have until November 2 to submit their applications for consideration. This initiative follows the notification of the Mineral Exchange Rules, 2026, to facilitate trading of minerals. The government seeks to identify capable entities to establish a transparent and technology-enabled exchange.
Beyond the 7% headline: S&P maps the forces driving India’s next growth phase
India’s economy is set to grow 7% in FY27, according to S&P Global, which sees domestic demand, private investment, manufacturing, trade, energy security, renewable power, digital infrastructure and technology shaping India’s next phase of economic growth.
China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry
In a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussions. Among these, both nations agreed to implement reciprocal tariff reductions valued at USD 30 billion on each other's imports.
China is building a new rulebook for dealing with the US — tariffs are only the beginning of a much broader reset
China and the United States have established a reciprocal framework for tariff reductions on approximately $30 billion of goods from each side. They created two new boards to facilitate trading and investment discussions as a means of ongoing economic cooperation. Additionally, a dedicated dialogue on artificial intelligence (AI) issues has been initiated between the two nations. The Kuala Lumpur trade arrangement has also been extended for further negotiations.
Missed the NSE IPO? Here are 5 of the largest issues in the pipeline to keep on your radar
For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors.
Hindustan Copper shares gain 3% as company plans Rs 7,000 crore capital investment in next 5 years
Hindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSUs to expand its mining portfolio, while also partnering with Chile’s CODELCO on mining expertise and capacity building.
NMDC shares rally 2% after company sets target to achieve net-zero operational emissions by 2047
NMDC shares rallied up to 2% on Monday to Rs 80.85 after setting a target to achieve net-zero operational emissions by 2047. Covering Scope 1 and Scope 2 emissions, the roadmap spans three phases focusing on renewable energy, fleet electrification, energy efficiency, and low-carbon logistics to reduce operational emissions by 90%.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analysts
Talk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why being in a hurry to take any market-related decision is the one thing to avoid right now. It is better to be cautious, to wait and watch. And let the picture become a little clearer before you act.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 22%, according to analysts
Rising crude-oil prices are an obvious concern. But domestic factors like FPI selling, market repricing in select sectors, and the impact of supply chain disruption on margins may also be beginning to impact sentiment. But there is another thing that needs to be watched carefully: Will the world see some unwinding of AI-related trades? If yes, what does it mean for the Indian market?
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
After Adani, Tata feels the heat: Indian firms under fire in Kenya?
Kenya’s dispute with Tata Chemicals has revived concerns about Indian businesses in the country after Adani’s exit. But Kenya continues to attract Indian investment, suggesting the Tata case is less about anti-India sentiment and more about Nairobi’s push for local processing, ownership and economic benefits from its resources.
Parliament passes MMDR Amendment Bill 2026 to boost critical mineral exploration
Parliament has approved the Mines and Minerals (Development and Regulation) Amendment Bill, 2026. This legislation aims to enhance mineral exploration and development across India. It provides greater flexibility for mining lease holders regarding additional mineral inclusions. The bill also removes restrictions on the sale of minerals from captive mines.
India discovers rare earth in MP coalfields as China curbs squeeze industries: Minister
India has discovered rare earth elements in Madhya Pradesh's Singrauli coalfields. These elements are crucial for clean energy and electronics. Coal India is researching their extraction. The focus is on developing indigenous technology. This aims to reduce reliance on imports, especially from China. Restrictions on Chinese exports could impact Indian manufacturing. Research collaborations are underway with various institutes.
Centre proposes to lower benchmark price for bauxite
The centre suggests reducing the benchmark price of bauxite for calculating auction premiums and resource value. A committee recommends lowering the conversion factor for metallurgical bauxite to 4.90%. This change affects new mining leases. Aluminum makers and related industries will benefit. Current consumption of aluminum in India is below the global average.
Govt mulls changes in pricing structure to determine average selling price of bauxite
The representations said that the ASP reached through the present conversion factor was very high when compared to actual price of bauxite, the ministry said in a note for consultation on the proposed changes.
Invesco plans crypto-linked ETFs in bid to bypass SEC aversion
About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange Commission. The rest of the portfolio will be in other trusts and funds that hold cryptocurrencies.
Niti Aayog warns mines ministry against cancellation of pending claims
As part of major reforms announced recently, the Centre is reported to be considering deletion of a provision in the Mines and Minerals (Development and Regulation) Act, 2015 that guarantees a successful explorer the right to move ahead --from a reconnaissance permit to a prospecting licence, or from a prospecting licence to a mining lease.
Remove some minerals from atomic list in MMDR Act: Beach miners
Beach sand mineral (BSM) industry has sought the exclusion of some minerals from the atomic minerals list in the MMDR Act.
Government working on DMF rules; will decide on royalties: Narendra Singh Tomar
However, he added that the DMF rules are still being formulated, and the Centre will decide on the royalties to be paid for different minerals.
CBI probes offshore mining licence scam
The CBI has started a probe into serious irregularities in awarding offshore mining blocks to private cos which did not fulfill the eligibility criteria.
Goa Iron ore miners request centre for personal hearings before taking action
Iron ore miners request personal hearings after environment ministry said 93 clearances will be suspended.
Ministry tells Odisha no mineral rent tax yet, focus on mineral development for larger good
The Ministry of Mines has turned down state of Odisha's request for a ineral rent resource tax on supernormal profits in iron ore for now.
Heard on the Street
If one looks at the advertisement of a power company that recently came out with an IPO, you could hardly miss the text highlighting Application Supported by Blocked Amount (ASBA).
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