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This year, online festive sales in India are seeing a decline, largely due to rising prices of smartphones and durable goods, which are typically popular among consumers. These changes have resulted in reduced discounts and lower average order values compared to the previous year. Additionally, many consumers are turning to EMIs for pricier items, which highlights shifting buying habits.
MD & CEO Sharma May Continue At The Helm
Stock market recommendations: Aarti Industries, and Blue Star are the top stocks to buy today on October 16, 2026 as picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One.
On Friday, the Rupee showcased a solid performance, climbing 20 paise to hit 94.79 against the US dollar, building on gains from the previous day aided by a softer dollar and actions by the Reserve Bank of India. Nevertheless, escalating crude oil prices curtailed further advancements, even as domestic equities remained upbeat.
Finance Minister Nirmala Sitharaman highlighted the need to finalize the India-US trade agreement for enhanced bilateral relations. She expressed concerns over the trade imbalance with China and non-tariff barriers obstructing market access. Sitharaman stated that infrastructure investment has sustained India's economic growth during global disruptions. She also emphasized the importance of public capital expenditure in creating economic benefits through infrastructure development.