Stories
Markets Recover From Sharp Sell-Off As Jio IPO Sees Record Demand And Oil Hovers Near 110 Dollars
C
CNBC TV18•21-10-2026, 22:03
Markets Recover From Sharp Sell-Off As Jio IPO Sees Record Demand And Oil Hovers Near 110 Dollars
- •Indian equity markets wiped out over 8 lakh crore rupees in investor wealth during a sharp intraday reversal before recovering some losses, with the Sensex falling over 1,300 points from its peak.
- •Jio Platforms achieved the fastest mega IPO subscription, with its QIB portion fully booked within 30 minutes and the entire issue subscribed in under two hours.
- •Brent crude traded near 109.52 dollars a barrel as uncertainty persisted surrounding the West Asian conflict and US-Iran developments.
- •State Bank of India confirmed a data breach exposing 3,897 customer records with personal details on the dark web, while CERT-In warned of an eMudhra security breach.
- •US Secretary of State Marco Rubio visited the Reliance refinery in Jamnagar to strengthen energy cooperation between Washington and India.
Key Questions Answered
Indian equity markets wiped out over ₹8 lakh crore in investor wealth on October 21, 2026, due to a sharp intraday reversal driven by profit booking and selling pressure in major sectors like auto and banking.
The Qualified Institutional Bidders (QIB) portion of the Jio Platforms IPO was fully subscribed within the first 30 minutes, and the entire issue was fully booked within two hours on October 21, 2026.
The State Bank of India disclosed a data loss incident exposing 3,897 customer records with personal details on the dark web, while CERT-In issued an urgent advisory after an eMudhra breach exposed private keys tied to eight digital security certificates.
