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September's inflation report shows a notable rise in US consumer prices, hitting 3.7%. This surge can be traced back to escalating gasoline costs and strong core inflation signals. The rising costs in gas are exerting upward pressure on a variety of sectors, including transportation and travel. These figures may sway Federal Reserve decisions on interest rates as midterm elections loom, directly influencing American families' budgets.
The Cabinet Committee on Economic Affairs (CCEA) has approved M/s 10955230 Canada Inc, a subsidiary of Fairfax, as the strategic buyer for the combined stakes held by the government and Life Insurance Corporation of India (LIC). The government will sell its 30.48 per cent holding for around Rs 26,620 crore.
Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices.
Top stock market recommendations: Lemon Tree Hotels, Greenply Industries, and Fine Organic Industries - Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth has picked these as the top stocks to buy today on October 15, 2026.
Stock market rally today: Buying in IT, banking and consumer stocks lifted the stock market sentiment. At 11:33 AM, Nifty50 was trading at 22,947.75, up 325 points or 1.44%. BSE Sensex was at 73,913.24, up 1,131 points or 1.55%.