Top Stories | Nifty near 1-month high, SBI's top job, Maria Corina Machado wins Nobel Peace Prize and more

Markets kicked off the weekend on a high note as the Nifty 50 surged past the 25,300 mark intraday to end at a near one-month high, driven by strength in pharma and financial stocks.

Meanwhile, investors sought safety in gold and silver ETFs, pushing inflows to a multi-month peak. In the policy sphere, the government made a landmark move by opening SBI’s top post to private-sector talent for the first time, signalling a push for wider reform in public banking leadership.

Globally, China’s latest rare earth export curbs are being viewed as a tactical trade move, while US President Donald Trump gears up for a West Asia visit amid hopes for a Gaza peace breakthrough. In other international developments, Venezuelan opposition leader Maria Corina Machado won the 2025 Nobel Peace Prize, dedicating the honour to the people of Venezuela.

Back home, Ixigo eyes growth beyond travel tech, and the Tata Trust faces internal debates on Tata Sons’ ownership structure.

Here’s your wrap of the day’s biggest stories.

Nifty crosses 25,300 intra-day, ends at nearly one-month high, led by pharma, financials



The Nifty 50 rose 104 points to close at 25,285, while the Sensex gained 329 points to end at 82,501. The Nifty Bank index climbed 418 points to 56,610, and the broader Midcap index advanced 268 points to 58,697, reflecting broad-based gains across sectors.

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Gold and silver ETF inflows surge as investors seek safety; analysts warn of recency bias



 Passive investment vehicles witnessed a sharp uptick in September, with total ETF inflows rising to nearly ₹8,000 crore, compared with just ₹1,000 crore in the previous month, according to AMFI data.

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China’s rare earth export curbs a tactical response to the US, says Taihe Institute’s Einar Tangen



China’s recent move to tighten export rules on rare earth minerals is being seen as a tactical response to US trade pressures, according to Einar Tangen, Senior Fellow at Taihe Institute and Chairman of Asia Narratives at Substack.

The new curbs, which will cover a range of critical minerals including lithium batteries, cathodes, and graphite anodes, are expected to take effect from 8th November.

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India opens SBI's MD role to the private sector for the first time



The Government of India has opened senior leadership positions in public sector banks (PSBs), including the Managing Director (MD) post at the State Bank of India (SBI), to private-sector professionals, according to an official communication from the Appointments Committee of the Cabinet (ACC).

 The revised consolidated guidelines, which supersede all previous ACC directives on PSB appointments, allow private-sector candidates with at least 21 years of professional experience, including 15 years in banking, to compete for top roles.

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Tata Trust now divided over keeping Tata Sons private, say sources



The recent differences between Tata Trust trustees over the appointment of nominee directors and control over the functioning of the Tata Sons Board have now led to a rethink on whether Tata Sons should remain a private entity.

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Ixigo to expand hotels and boost brands, says CEO Aloke Bajpai



Gurugram-based Le Travenues Technologies, the parent company of Ixigo, said it will use part of its ₹1,300 crore fundraise to expand its hotel business and strengthen its brands. Aloke Bajpai, Chairman, Managing Director & Group CEO of Ixigo, said, “Hotels are a very important priority area for us,” adding that while the company is still early in achieving the right product–market fit, it plans to accelerate growth and boost brand awareness for Ixigo, ConfirmTkt, and AbhiBus.

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Israel-Hamas peace deal: Donald Trump to head to West Asia, says hostages to be freed early next week



US President Donald Trump said he expected to travel to West Asia on Sunday (October 12) to celebrate the first phase of the Gaza peace deal and be there for the release of hostages by Hamas.

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'Oh my God': This is how Maria Corina Machado reacted to winning the 2025 Nobel Peace Prize



When Maria Corina Machado, Venezuelan democracy activist and opposition leader, learned she had won the 2025 Nobel Peace Prize, her first words were simply, “Oh my God.” Kristian Berg Harpviken, Director of the Norwegian Nobel Institute, called Machado directly before the announcement was made public. Overwhelmed with emotion, she insisted the recognition belongs to the Venezuelan people.

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TT Jagannathan, 'the cooker pioneer' of Prestige, dies



TT Jagannathan, Chairman Emeritus of the TTK Group and the visionary behind the iconic Prestige brand, died in Bengaluru on Thursday (October 9). He was among India’s foremost business leaders who transformed the country’s kitchenware industry through innovation and resilience.

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Mind Matters: What makes Deepika Padukone a disruptor?



Deepika Padukone, founder of The Live Love Laugh Foundation, has long been seen as a figure who challenges the status quo, both in her career and beyond. In a conversation with CNBC-TV18 on the occasion of World Mental Health Day, she revealed that her disruptive approach comes naturally.

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