Moneycontrol Daily: Your Essential 7

A shocking video has surfaced online, showing thousands of students, mostly Indians, waiting in line for a job interview outside a restaurant in Canada called Tandoori Flame. The viral clip reportedly captured thousands of applicants lining up for the job of waiters and service staff. The video made headlines, portraying the struggles faced by Indian students seeking employment in Canada. Read here

Today
World Cotton Day
World Habitat Day
One year of Hamas attack on Israel
Income tax audit report deadline for AY2024-25
CM Naidu likely to visit Delhi, to meet PM Modi, Amit Shah
Karnataka OBC leaders to meet CM Siddaramaiah, to press for implementing caste census report Tomorrow
Maldives President Mohamed Muizzu to visit India
Indian Air Force Day
Paramount Dye Tec share to list
HVX Technologies share to list on NSE Emerge
Saj Hotels share to list on NSE SME
Subam Papers share to list on BSE SME
Subam Papers share to list
and Paramount Dye Tech share to list
Garuda Construction and Engineering IPO to open
Shiv Texchem IPO to open
EPC Company IPO to open for subscription
Hydrocarbon-based Chemical Supplier IPO to open for subscription
Reputation Global Ventures IPO to close for subscription
Khyati Global Ventures IPO to close for subscription

The Indian equity markets were rattled by the Middle East headwinds and the fear of outflow of FII money to cheaper Asian peers like China, dragging the benchmark indices down nearly 4.5 percent for the week ended October 4 with spike in volatility. The market was also worried due to a jump in oil prices after a rise in Middle East tension. According to experts, the sentiment may remain negative amid likely consolidation, advising sell on rally strategy as they doubt over sustainability of rebound if happens. The focus would be on the major events like RBI monetary policy meeting, corporate earnings, geopolitical tensions, and US inflation. The counting of votes on October 8 for both the Haryana and Jammu and Kashmir assembly elections will also be watched. Read more here

After the significant correction in the equity market since the start of the October series, the primary market mood also seems to have turned cautious in October as there will be only two companies opening IPOs next week starting from October 7. This is especially after the flood of 12 public issues in the mainboard segment and 40 in the SME segment in September. Read more here

Fund managers of Portfolio Management Services (PMS) typically prefer a bottom-up approach while building their clients' portfolios. Initially, they pick up stocks and later look at other measures such as sectoral opportunities. Identifying the right stocks has been a key for generating higher returns. PMS fund managers also consider sectors that those stocks are a part of and evaluate the potential impact on their portfolios amid dynamic macro-economic conditions. Finalyca PMS Bazaar lists four sectors such as financial service, healthcare, capital goods and auto, where the PMS held significant allocation. Read more here

Google has started rolling out a new update for the Meet app on Android. The update brings a redesigned ‘Start a Call’ screen aimed at simplifying the interface and meeting initiation process on the platform. More here

The upcoming Samsung Galaxy S25 Ultra is expected to go official in early 2025 and fresh dummy units have surfaced online showcasing its design with a thinner body and more rounded edges. All the details here