Bharti Airtel Ltd. Share Price

Reliance gains as Jio Platforms IPO nears

Reliance Industries Limited (NSE: RELIANCE) rose 3.44% on October 15 after Jio Platforms announced its IPO price band. Jio Platforms has set the price band at ₹1,065 to ₹1,119 per share, valuing the business at up to about $108 billion. Key details • Jio Platforms’ IPO could raise about $3.2 billion. • The issue is scheduled to open on October 21 and close on October 23. • Reliance is expected to retain around 64.5% in Jio Platforms after the listing. • The IPO gives investors a separate market value for Reliance’s telecom and digital business. My view The biggest impact is valuation clarity. Jio has so far been bundled inside Reliance along with retail, energy and other businesses. A separate listing creates a visible market benchmark for one of Reliance’s largest growth engines. That could make the parent company easier to value on a sum-of-the-parts basis. But the key question will be whether Jio’s listed valuation can sustain a premium versus peers like Bharti Airtel once trading begins. What I’m watching next I will watch IPO subscription, final pricing, listing performance and whether Reliance sees a sustained valuation re-rating after Jio starts trading. Stance: Positive on value unlocking, but the post-listing valuation of Jio will be the main trigger. Disclosure: I do not have any holding or position in the stock mentioned above.

Strong Market Position Translate Into Better Earnings?

Bharti Airtel Leads as Sensex Surges 1,200 Points

Markets opened higher today and built strong gains through the first half. The Sensex opened up about 244 points at roughly 73,026 and the Nifty up about 56 points at roughly 22,678, against Wednesday’s closes of 72,781.89 and 22,622.70. IT stocks and banks drove the rise, and the Jio IPO news lifted the mood. By 12 PM the Sensex was up about 1,200 points (1.69%) at 74,011.21, with the Nifty nearing 23,000. -

Tata Communications Q2 profit hits ₹3.4 billion.

Tata Communications Limited

PM Modi Inaugurates 10th IMC at Yashobhoomi

Inaugurating the 10th edition of the India Mobile Congress (IMC) at Yashobhoomi, New Delhi—which also marked the hosting of the GSMA Board meeting in India—Prime Minister Narendra Modi highlighted the nation’s steady progress toward complete self-reliance in telecommunications. Reflecting on the launch of 5G from the same platform in 2022, Prime Minister Modi noted that 5G coverage has expanded across all districts via more than 5.5 lakh base stations, delivering a tenfold boost in internet speeds. He emphasized that over the past decade, mobile technology has become central to the Digital India vision and a pillar of good governance, democratizing access to services that were once a privilege of the few. Underlining the impact of direct benefit transfers, he shared that over ₹50 lakh crore ($526.48 billion) has been transferred directly to citizens' accounts via mobile platforms—saving over ₹5 lakh crore ($52.65 billion) from corruption leakages—including over ₹4 lakh crore ($42.12 billion) deposited directly to small farmers under PM Kisan Samman Nidhi. Prime Minister Modi noted that mobile connectivity has delivered technology’s biggest citizen dividend by reducing travel, waiting times, and costs while increasing convenience. Beyond governance, smartphones have transformed into entertainment and economic engines, with over 50 crore people participating in the gaming ecosystem and content creation growing into a multi-thousand-crore industry. Addressing cybersecurity concerns, he stressed the need to fortify phone and network security and called for an international framework to counter deepfakes and digital fraud. Concluding his address, the Prime Minister stated that India has transitioned from a technology consumer to a creator, supported by live domestic semiconductor manufacturing across five sites and regulatory reforms like the Telecommunications Act and GatiShakti portal that accelerate technological sovereignty.

Sensex Jumps Over 1,200 Points, Nifty Approaches 23,000; IT

Indian equity benchmarks finished Thursday, October 15, on a strong note, extending their upward trend amid buying interest in heavyweight stocks. The Sensex surged 1,207.62 points, or 1.66%, to 73,989.51, while the Nifty 50 gained 349.05 points, or 1.54%, to close at 22,971.75, moving closer to the significant 23,000 level. Sectoral Trends The Information Technology sector topped the sectoral performance chart, advancing around 2%. Auto and private banking stocks also recorded notable gains, with both sectors rising approximately 1.5%, providing support to the benchmark indices. Meanwhile, PSU banking shares slipped 0.96%. Energy and Media stocks also faced selling pressure during the session. Broader Market Performance Despite the strong showing by the frontline indices, the broader market remained under pressure. Around 1,579 stocks advanced, 2,159 declined, and 181 ended unchanged. The small-cap index dropped 1.02%, while the mid-cap index edged lower by 0.05%, highlighting the uneven nature of the market rally. Top Gaining Stocks and Market Highlights IT shares attracted strong buying interest, placing major technology companies among the stocks supporting the market's upward movement. TECHM (Tech Mahindra): Featured among the notable IT sector gainers.