Business
Sensex Rebounds 650 Points From Day’s Low, Nifty Reclaims 25,500: Here’s What Drove The Sharp Recovery
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The benchmark equity indices staged a strong comeback on Friday, recovering from early losses as value buying in select sectors
Stock Market Today.
Stock Market Today: The benchmark equity indices staged a strong comeback on Friday, recovering from early losses as value buying in select sectors and upbeat global cues lifted investor sentiment.
After two consecutive sessions of declines, the Sensex opened on a weak note and slumped 631.93 points to 82,679.08 in early trade. The broader Nifty also dropped 184.55 points to 25,325.15. However, buying interest picked up by late morning, helping the Sensex recover more than 600 points to trade at 83,336.06, up 25.05 points or 0.03 percent, while the Nifty climbed above the 25,500 mark to 25,537.95 around 1:30 p.m.
Among the Nifty50 stocks, Shriram Finance, Adani Enterprises, and Bajaj Finance led the gainers, rising up to 3 per cent. On the other hand, Bharti Airtel and InterGlobe Aviation were among the top laggards, slipping as much as 4 per cent.
Key Factors Behind the Market Recovery
1) Value Buying:
Investors engaged in value buying across banking, financial services, and metal counters after recent corrections, providing strong support to the benchmark indices.
2) Trump Hints at India Visit:
US President Donald Trump on Thursday praised Prime Minister Narendra Modi, calling him “a great man” and “a friend,” while hinting at a possible visit to India next year to boost bilateral trade ties. The comments lifted market sentiment amid hopes of an early resolution to trade tariff issues.
3) Firm Global Cues:
Global markets also lent support, with Wall Street futures edging higher around noon India time, indicating a positive start for US equities later in the day. The improvement in global risk appetite added to the momentum in domestic markets.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 07, 2025, 10:06 IST
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Income doesn’t come regularly
Freelancers earn from different clients at different times, making it hard to know the final income figure early
Multiple clients mean scattered TDS
Tax is deducted by many payers under different sections, and details don’t always update together in AIS or Form 26AS.
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Not maintaining client-wise records of invoices, payments, and TDS creates confusion at filing time.
Deductions are gathered too late
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MUMBAI: Serious Fraud Investigation Office (SFIO) has opened a formal probe into IndusInd Bank after a Dec 23, 2025 letter triggered an investigation under the Companies Act, 2013, over accounting lapses tied to internal derivative trades.In a filing, the bank said SFIO, under the MCA, seeks information after the lender flagged on June 2 issues spanning internal derivatives, unsubstantiated “other assets/liabilities”, and microfinance interest/fee income. It disclosed the update on Dec 18, pledged full cooperation, and posted details on its website.Derivatives irregularities have hit P&L by about Rs 1,960 crore as of March 31, 2025, eroding reported net worth by roughly 2.3% as of Dec 2024. Earlier profits were overstated as notional gains flowed into P&L while losses sat parked as assets, inflating NII and earnings quality. The derivatives irregularities saw several members of the senior management stepping down with the board bringing in Rajiv Anand from Axis Bank to head the private lender.The bank recognised the losses, absorbed pain in its FY25 earnings which tipped the bank into a Q4 FY25 net loss after one-off write-offs/provisions. Capital/net worth took a 2–2.5% post-tax hit, trimming buffers and nudging growth appetite and capital pricing.The derivatives loss resulted in the shares of the bank sliding as investors reassessed earnings credibility and governance. The scrutiny also sharpened on the board/management/audit committees, intensifying regulatory pressure and SFIO oversight.
MUMBAI: Navi Mumbai International Airport (NMIA) opens to commercial operations on Thursday after years of missed deadlines, opening a second gateway for air travel in the Mumbai region. The day will see four airlines operating about 30 domestic flights at India’s newest greenfield airport. The first scheduled arrival will be an IndiGo flight from Bengaluru, touching down at 8 am, while the first departure will also be operated by IndiGo, a morning service from Navi Mumbai to Hyderabad, scheduled to take off at 8.40 am. The terminal building will open to departure passengers around 6.40 am, said an NMIA spokesperson.“On Day One, domestic services will be operated by IndiGo, Air India Express, Akasa Air and Star Air connecting NMIA to nine destinations across India. The airport will handle 15 scheduled departures on the first day,” said an NMIA spokesperson.“During the initial phase, NMIA will operate between 8 am and 8 pm, with up to 24 scheduled daily departures to 13 destinations and the capability to manage up to 10 aircraft movements per hour. From Feb 2026, operations are planned to progressively scale up to round-the-clock services,” the spokesperson added. “Passenger services from day one will be supported by Digi Yatra-enabled contactless processing at designated touchpoints, along with trained terminal staff across kerbside, check-in, security and boarding areas,” the spokesperson said. Conventional check-in counters too will be available for passengers not opting for Digiyatra. Retail and food and beverage offerings have been curated with a focus on affordability and local preferences, the airport said.In its initial phase, NMIA opens with terminal 1 and one operational runway; the terminal building has a capacity to handle 20 million passengers annually, but it is expected to touch that number before mid-2026. The terminal building can accommodate about 2-3 million passengers beyond its declared capacity. The new airport is 45-50 km from North Mumbai, 35-40 km from South Mumbai and 35-45 km from the eastern suburbs.
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