Asian Markets Fall as US Inflation Spurs Rate Fears; Indian IT Majors Beat Estimates But Trim Guidance

Asian markets follow Wall Street lower after latest US inflation data raises rate hike bets. Indian stocks snap 2-day gains as foreign investors sell shares.

Infosys and HCL Technologies report higher quarterly revenue and profit but cut full-year guidance.

India's September consumer inflation eases to 5.62%, a 3-month low. Wholesale inflation falls to 10.7%.

RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank for regulatory non-compliance.

Ircon granted 'Navratna' status by the government. RITES also named a 'Navratna' company.