Since the pandemic hit, rates of business formation have risen unexpectedly. People are striking out on their own, taking advantage of technology to find clients or work for themselves. This could be a long-term trend that leads to job creation and GDP growth, but is also more vulnerable to an economic downturn.

Gold prices rose on Thursday in the national capital due to strong international trade; reaching Rs 59,050 per 10 grams according to HDFC Securities. Silver also saw an increase of Rs 200 to Rs 73,200 per kg and gold & silver prices were higher in the global market at USD 1,880 per ounce and USD 22.15 per ounce, respectively.

InCred Financial Services is raising up to Rs 300crore through a public issue of non-convertible debentures (NCDs). Offering coupon rates as high as 10.30%, minimum application size of Rs10,000, with tenure options of 18-36 months and Annual interest payment frequency, 25% of the net proceeds will be used for general corporate purposes. The NCDs are rated A+ with stable outlook by CRISIL.

📍Linde India Ltd., RSI: 72.78, Prev. RSI: 45.4 📍Shyam Metalics And Energy Ltd., RSI: 61.1, Prev. RSI: 42.17 📍PVR Inox Ltd., RSI: 60.35, Prev. RSI: 45.87 📍Computer Age Management Services Ltd., RSI: 59.18, Prev. RSI: 42.88 📍VIP Industries Ltd., RSI: 59.08, Prev. RSI: 49.55

On October 13, midcap and smallcap stocks achieved new all-time highs, indicating the strength of these companies. REC, Angel One, Praj Industries, Mahindra Holidays & Resorts India, ITI Limited, and The Phoenix Mills were among the notable high achievers. Real-time data from StockEdge gives investors a glimpse into the prospects of these stocks.

Arbitrum's STIP has concluded, 49.6 million ARB tokens ($40M) have been granted to 29 projects. Perpetual protocols and DEXs were the biggest sector recipients. Almost 100 submitted proposals, 28 fell short and some big names such as Lido Finance and Curve Finance missed out. The grants will help grow Ethereum Layer 2 network.

Instant loans provide a practical solution for unforeseen expenses. Bajaj Finance offers Insta Personal Loans which provides users with critical funds quickly and without difficulties. Existing customers can get pre-approved loan offer of up to Rs 12,76,500, where new customers can generate a limit by entering their mobile number and OTP.

Dolly Khanna increased her stake in Talbros Automotive Components and Prakash Pipes while decreasing her holdings in five others. Talbros has given 120% returns over the past 12 months and Prakash Pipes has beaten Nifty50 by rising over 80%. The other five stocks gave varying returns, ranging from 16% loss to over 130% gain, over the one-year period.

Shares of Tata Motors zoomed to a 52-week high on October 13, as its subsidiary Jaguar Land Rover performed at its highest ever with record sales in both quarters in H1FY24, mainly driven by strong demand for Range Rover, Range Rover Sport, and Defender models. JLR India saw a 105% YoY growth in sales, and its certified pre-owned business grew by 83% in the first half.

📈 Domestic benchmark indices closed on a negative note today. 📢 At 3:30 PM, the Sensex tanked by 125.65 points or 0.19% at 66,282.74, and the Nifty was down 42.95 points or 0.22% at 19,751.05. 📊Among sectoral, Nifty Auto (⬆️0.88%) turned out to be the best performer while Nifty PSU Bank (⬇️1.39%) saw considerable selling.

Rakesh Gangwal, co-founder of India's IndiGo airline, is reportedly in talks to acquire a stake in rival SpiceJet. Following the news, shares of the companies rose 16% and 0.9%, respectively. The outcome of the negotiations remain to be seen.

This week BIGTIME, a free to use multiplayer action RPG game released its token for sale which saw dramatic gains of over 267% moments after it was listed on multiple top exchanges such as OKX and Coinbase. This high risk, lower liquidity coin hit a peak of $0.333 and has seen numerous developments such as Binance launching a "USD-M Perpetual Contract" with up to 20x leverage.

On October 13, several midcap stocks touched new 52-week highs, offering investors diverse opportunities in the midcap segment. HDFC Asset Management Company, The Phoenix Mills, NMDC, REC, Balkrishna Industries, The Ramco Cements and Sun TV Network were among the ones that stood out (data source: StockEdge). Investors should keep in mind that real-time data could come with a lag.

JD.com shares fell 13% to a record low on Friday after banks & brokers cut price targets & revenue growth forecasts due to sluggish consumer spending. Banks cited a muted consumption trend, high base, competition, and restructuring adjustments while JD.com said they wouldn't comment on the analyst revisions. Rivals Alibaba Group, and PDD Holding offer a wider range of product prices.

On October 12, 2023, stocks of well-known companies like Sterlite Technologies, Star Health and Allied Insurance Company, Petronet LNG and Saregama India made major movements by crossing their 200-day Simple Moving Average (SMA). Each stock displayed different 200-day SMAs and closed at different prices on the same day.