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On October 16, 2026, the Sensex declined by up to 411 points while the Nifty50 index dropped below 23,000 amid profit booking. IT stocks showed strength, whereas financial stocks experienced losses. Asian markets rebounded, and US stocks recovered from a three-day losing streak.
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Check the HD Fire Protect IPO allotment status online on NSE, BSE, and MUFG Intime India. Learn about the IPO subscription, offer details, and the expected listing date and time for this ₹712.13 crore offer for sale by promoters Kusum Harish Dharamshi and Harish Narshi Dharamshi.
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The Odisha Student Union elections were held on October 15 after eight years, with 1,398 candidates elected across 153 colleges. Counting continues at major universities like Utkal University amid protests and tight security.
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SEBI has updated the Closing Auction Session (CAS) framework, changing trading hours and settlement methods for stock and index derivatives. These changes affect major capital market stocks and will take effect from December 7, 2026.
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Reliance Jio welcomes competition from Starlink and states it follows the same regulatory process as foreign companies. The Indian government is reviewing all satellite internet service providers equally, ensuring no monopolies in the market.
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Central government employees await the July 2026 Dearness Allowance (DA) hike. Learn when the DA and Dearness Relief (DR) hikes were announced in 2025, 2024, and 2023, and understand how these revisions help employees manage inflation.
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SBI Card and Eternal have launched the Eternal SBI Card, offering discounts on Zomato, Blinkit, and District, plus cashback benefits. The card has a ₹499 joining fee and annual fee waiver options, available on Mastercard and RuPay networks with a 3.5% foreign currency markup.
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SEBI has updated the Closing Auction Session (CAS) framework and changed settlement price methods for stock and index derivatives to improve transparency and price discovery. The CAS will now run from 3:30 pm to 3:40 pm, with new rules effective from December 7, 2026.
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The Enforcement Directorate filed a chargesheet against FIITJEE and its directors for alleged money laundering involving over Rs 85 crore. The case highlights abrupt centre closures and unpaid coaching fees affecting 14,411 students.
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NIFTY50 is set for a positive start on October 16 after a sharp rebound, supported by global market recovery and easing tech selloff pressures. Key resistance and support levels suggest cautious optimism for the index's near-term momentum.
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The Dow Jones Industrial Average rose 1.08% to 52,177.69, while the S&P 500 gained 0.33%. The NASDAQ ended flat with a slight increase of 0.08%. AI and semiconductor stocks recovered from earlier losses despite high inflation concerns in September 2026.
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Delhi government schools have not yet introduced idli-sambar as part of the revised PM-POSHAN menu due to equipment shortages. Schools continue serving the old menu while agencies work on logistical challenges to implement the new meal plan.
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Delhi government schools have not yet introduced idli-sambar as part of the revised PM-POSHAN menu due to equipment shortages. Schools continue to serve meals from the old menu while agencies work on meeting new requirements.
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GIFT NIFTY futures rose 104 points, indicating a gap up opening for Indian markets on October 16, 2026. Positive global cues, Jio Platforms' IPO announcement, and easing crude prices boosted investor sentiment, leading to strong gains in Indian and Asian stock markets.
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Tech Mahindra reported a 32.74% profit rise in Q2 FY27, while Wipro saw a slight profit dip. Several companies, including DLF and Punjab National Bank, will announce earnings. Learn about key stock movements and corporate updates for October 16, 2026.
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The Central Information Commission recommends surprise inspections in CBSE schools to prevent dummy admissions and ensure attendance compliance. This follows complaints about students receiving certificates without attending classes.
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Jio Platforms IPO reserves 12% of shares for Reliance Industries shareholders who held shares by October 14, 2026. Eligible investors can apply under this quota and also under retail or non-institutional categories to increase allotment chances. Learn the application process and details here.
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Sher e Kashmir University of Agricultural Sciences and Technology of Kashmir (SKUAST-K) has suspended forestry classes and asked students to vacate hostels due to ongoing protests against recruitment rules in the Jammu and Kashmir Forest Department.
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