Here’s what we’re tracking on the Rise With India podcast this morning.

S&P 500 ends higher for the seventh straight day. Data showed jobless claims fell to a new pandemic low last week.

Nifty and Sensex fell for a third day in a row, as concerns over valuations and inflation weigh. DIIs have sold shares worth about ₹ 9,000 crore in the last nine trading sessions.

Rising oil prices have dented the performance of India’s top paints company. Input cost inflation hurt Asian Paints’ profits during the quarter to September.

Zee Entertainment told the Bombay High Court that its board would follow the advice to consider the demand of Invesco, to convene an extraordinary general meeting.

Reliance Industries is likely to report a strong performance for the quarter, helped by a low base a year ago and revival in the oil-to-chemical operations.

Nykaa is looking to launch its public issue on October 28, according to news reports.