A look at the headlines in the sector right now:

  1. Information technology sector faces worst second-quarter performance in eight years, says Kotak report: Growth has been impacted by ‘broad based’ weaknesses in the banking, financial services and insurance industries.
  2. India warns against risks of low and negative interest rates, calls for 'deleveraging' private debt: Growing populism and isolationist movements could lead to a deterioration of global trade, Arun Jaitley said at the annual IMF-World Bank summit.
  3. Oliver Hart and Bengt Holmstrom win Nobel Prize in Economics for their work on contractual theory: Their research has focussed on contracts like insurance claims, property rights and salaries.
  4. Australia: Queensland government invokes special powers to fast-track Adani project: Officials have termed the $21.7 billion project as 'critical infrastructure', while the Greens Party has called it a "death warrant to the Great Barrier Reef.
  5. Sensex ends 21 points higher, Nifty gains 11 points as investors look ahead to September quarter earnings: Analysts said earnings recovery by companies was likely to strengthen because of improvements in the economy and consumption trends.
  6. Car and two-wheeler sales rise by 20% in September, record a four-year high: The growth was led by market leader Maruti Suzuki, as consumers lined up to buy passenger vehicles during the festive season.
  7. Reliance Jio claims world record for registering 1.6 crore users in a month: The company said it had achieved the mark faster than any other telecom operator or popular app worldwide, including WhatsApp, Facebook and Skype.