A look at the headlines in this sector right now:

  1. Banking stocks surge after Essar-Rosneft deal, raising investors' hope for deleveraging: Share prices of ICICI Bank, SBI and Axis Bank, which had lent large sums to the Essar Group, rose during the first day of trading since the contract was sealed.
  2. Reliance Jio reiterates demand for interconnection ports from Vodafone and Idea: The new entrant accused its telecom operator rivals of 'unlawful and illegal delay', because of which its customers experienced more call drops.
  3. Sensex falls 144 points, Nifty by 63 after sell-off in auto, capital goods and metal stocks: However, share prices of a number of banks surged on the back of investor hopes that the Essar Group would deleverage following its deal with Russia’s Rosneft.
  4. Three-day GST Council meeting will seek to iron out differences: The upcoming discussion will decide the tax rate that will impact the common man.
  5. Bombay Stock Exchange seeks account details of brokers by October 26: The move comes after market regulator Sebi issued a guideline for monitoring stock brokers’ financial strength.
  6. Ashok Leyland rolls out India's first indigenous electric bus: The vehicle offers zero tailpipe emissions and lower noise pollution.
  7. World's biggest central banks record fastest growth in five years: The 10 largest lenders have assets worth $21.4 trillion, almost 10% more than last year.