Business
Asian stocks today: Markets track Wall Street losses; HSI falls over 240 points, Kospi dips 2.4% – The Times of India
Asian stock markets slipped on Friday as tracking Wall Street losses, as a weak stream of US economic data and uncertainty over future interest rate moves weighed down investor confidence.Hong Kong’s HSI dipped 241 points to 26,244. Kospi reached 3,929, falling 96 points or 2.4%. Japan’s Nikkei also fell 1.7% or 905 points. Shenzhen, meanwhile, inched 24 points, trading at 13,477 at 11:15, AM IST.The latest pressure point for investors came from figures released by the outplacement firm Challenger, Gray & Christmas. Its report showed that US layoff announcements surged to their highest level in 22 years last month. According to the firm, this year has marked the worst period for job cuts since 2020, when the pandemic severely disrupted the labour market.Because of the longest-running US government shutdown, several federal departments remain closed, leaving markets to rely on private data to gauge the state of the economy. Although private hiring data a day earlier suggested an increase in employment, the Challenger report reignited concerns about the labour market and prompted renewed speculation that the Federal Reserve might lower borrowing costs again in December.That expectation was tempered by messaging from Fed officials, who indicated that a further rate cut is not assured. Their comments echoed recent remarks by Fed chair Jerome Powell.Several policymakers highlighted that while stabilising employment is part of the Fed’s mandate, inflation remains a central worry. Cleveland Fed chief Beth Hammack said she continues to be “concerned about high inflation and believe policy should be leaning against it”. In prepared remarks, she added: “To me, comparing the size and persistence of our mandate misses and the risks, inflation is the more pressing concern,” describing policy as “barely restrictive”.Chicago Fed president Austan Goolsbee told CNBC that making policy decisions without full government data due to the shutdown leaves him “even more uneasy.” A policymaker from the St Louis Fed also cautioned that lowering rates now would remove the downward pressure still needed to contain inflation.Asian indices responded to the Wall Street downturn. Tokyo and Seoul both declined more than two percent after recently setting record highs. Hong Kong, Shanghai, Sydney, Taipei and Manila also traded in the red, while Singapore, Wellington and Jakarta managed to edge higher.The weakness followed a rally in recent weeks that pushed several global markets and especially technology stocks, to historic levels. Heavy investment in artificial intelligence and expectations of an easing in US monetary policy helped fuel that rise. Chipmaker Nvidia even crossed a milestone, becoming the world’s first $5 trillion company.
Mumbai: The domestic equity indices ended the session slightly lower on Friday, erasing early losses due to buying in banking and fin services sectors’ heavyweights in afternoon trade and support from certain positive Q2 results.
Sensex closed at 83,216.28, down 94.73 points or 0.11 per cent. The 30-share index opened marginally lower at 83,150.15 against last session’s closing of 83,311.01. The index remained volatile during the session, hitting an intraday high and low of 83,390.11 and 82,670.95, respectively, amid a mixed approach from investors.
Nifty 50 ended the session on 25,492.30, down 17 points or 0.07 per cent.
“Domestic equities rebounded from early losses as buying emerged at key support levels, though it may be premature to call this a trend reversal amid mixed earnings, cautious global cues, and persistent FII outflows,” said analysts.
Select segments found support from Q2 results, with broader indices outperforming, led by a sharp rally in financials — especially PSU banks on account of rising investor interest driven by speculation around an FDI cap hike and sector consolidation. Going forward, markets will closely monitor US shutdown and tariff-related developments with US-India and US-China deals to assess the durability of the current momentum, he added.
Bharti Airtel, Tech Mahindra, Trent, HCL Tech, Hindustan Unilever, ITC, SBI, TCS, Ultratech Cement and Tata Motors Passenger Vehicle settled in negative territory. Tata Steel, Mahindra and Mahindra, ICICI Bank, BEL, Adani Ports, Infosys and PowerGrid closed higher.
Sectoral indices remained volatile, experiencing a mixed approach from investors. Nifty FMCG fell 274 points or 0.49 per cent, and Nifty IT declined 220 points or 0.62 per cent. Meanwhile, Nifty Auto rose 153 points or 0.57 per cent, Nifty Bank increased 322 points or 0.56 per cent, and Nifty Fin Services ended the session 205 points or 0.76 per cent higher.
The broader market followed suit as well. Nifty smallcap 100 dipped 29 points or 0.16 per cent, and Nifty 100 settled flat, and Nifty midcap 100 surged 374 points or 0.63 per cent.
Business
Sensex Rebounds 650 Points From Day’s Low, Nifty Reclaims 25,500: Here’s What Drove The Sharp Recovery
Last Updated:
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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Business
PM Kisan 21st Instalment Date: How To Complete Aadhaar-Based OTP e-KYC To Receive Next Payment?
Last Updated:
Complete e-KYC to receive the 21st PM Kisan instalment. Here’s how to update Aadhaar details online or via app.
PM Kisan 21st Installment Date.
PM Kisan Yojana 21st Installment KYC: Beneficiaries of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme are eagerly awaiting the 21st instalment of the financial assistance program. As per government guidelines, it is mandatory to complete e-KYC in order to receive the next payment directly into Aadhaar-seeded bank accounts.
What is PM Kisan?
Launched by the Ministry of Agriculture and Farmers Welfare, the PM Kisan scheme provides Rs 6,000 annually to eligible farmers. This amount is disbursed in three equal instalments of Rs 2,000 every four months, offering crucial financial support to small and marginal farmers.
PM Kisan 21st Installment Date 2025: When Will Farmers Receive the Next Rs 2,000 Payment?
Instalments are released every four months, with the last payment disbursed in February.
According to reports, the next installment (21st installment) of the PM Kisan scheme is expected to be released in the first half of November. However, the official date has not been announced yet.
It is important to note that the government has already released the 21st installment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme for flood and landslide-affected farmers of Jammu and Kashmir.
Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan on October 7 released the installment in advance through video conferencing from Krishi Bhavan, New Delhi. Under this release, Rs 171 crore has been directly transferred to the bank accounts of 8.55 lakh farmers, including over 85,000 women farmers in Jammu and Kashmir. With this, farmers in the Union Territory have received a cumulative Rs 4,052 crore under PM Kisan so far.
Is e-KYC Mandatory?
Yes, e-KYC is compulsory to receive further payments. The government has made it mandatory to ensure transparency, eliminate middlemen, and confirm the identity of genuine beneficiaries, ensuring that funds reach the correct bank accounts.
Modes of e-KYC for PM Kisan
Farmers can complete e-KYC using any of the following four methods:
- OTP-based e-KYC
- Available on the PM Kisan portal and mobile app.
- Biometric-based e-KYC
- Available at Common Service Centres (CSCs) and State Seva Kendras (SSKs).
- Face Authentication-based e-KYC
- Available through the PM Kisan Mobile App, especially helpful for those without fingerprint access.
Step-by-Step Guide to Completing Aadhaar-Based OTP e-KYC for PM Kisan Samman Nidhi Yojana
Step 1: Visit the official portal: https://pmkisan.gov.in
Step 2: Click on the ‘e-KYC’ option at the top-right corner.
Step 3: Enter your Aadhaar number.
Step 4: Submit the OTP received on your Aadhaar-linked mobile number.
Step 5: e-KYC will be completed once OTP verification is successful.
How to Complete Face Authentication e-KYC (Mobile App)
Step 1: Download the PM-Kisan Mobile App and the Aadhaar Face RD app from the Google Play Store.
Step 2: Open the PM Kisan app and log in with your registered mobile number.
Step 3: Go to the Beneficiary Status section.
Step 4: If e-KYC status shows “No”, click on ‘e-KYC’.
Step 5: Enter your Aadhaar number and give consent to scan your face.
Step 6: Once the face scan is successful, e-KYC is marked as complete.
Note: The e-KYC status is typically updated on the portal within 24 hours of completion.
With the 20th PM Kisan instalment due soon, all eligible beneficiaries must complete their e-KYC to ensure timely receipt of funds. Farmers are advised to check their beneficiary status regularly and complete the process well in advance to avoid missing out on the upcoming payout.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
November 07, 2025, 13:16 IST
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