Foreign investors stepped up selling from Wednesday, while domestic institutions remained net buyers. The Nifty crossed 23,000 intraday, led by heavyweight stocks and IT shares.

MARKET MOVEMENTS: --Brent crude oil is down 0.6% at $105.44 a barrel. --European benchmark gas is down 0.7% at 86.49 euros a megawatt-hour. --Copper futures are down 1% at $14,297.50 a...

U.S. spot Bitcoin ETFs recorded $261.4 million in net outflows on Oct. 14, reversing a $175.7 million net inflow the previous day. Fidelity's Wise Origin Bitcoin Fund (FBTC) led redemptions with $152.7 million, and BlackRock products also recorded outflows. The week's cumulative net outflows reached roughly $151 million. Bitcoin fell below $81,000 and approached the $80,000 mark as U.S. September inflation of 3.7% added pressure on risk assets.

Southwest Airlines is revamping its Rapid Rewards loyalty program and elite status tiers amid a major transformation at America's fourth-largest airline.

In September, US wholesale prices rose sharply by 1.3%, fueled by a significant increase in gasoline costs, marking the biggest monthly gain since March 2022. The Producer Price Index saw a 6.3% year-over-year rise, indicating broader inflation pressures across goods and services. Learn more about the impact on the economy and Federal Reserve interest rate decisions.

The U.S. Federal Trade Commission issued civil subpoenas to OpenAI and Anthropic on Wednesday, seeking internal records on safety incidents, security measures and privacy policies. The move escalates a consumer-protection investigation and could ultimately lead to lawsuits against the two AI developers.