27 C 
Honasa went up, Lenskart could go anywhere: Deepak Shenoy says amid recent IPO buzz
Lenskart's IPO is generating significant discussion. Deepak Shenoy, CEO of Capitalmind Asset Management, noted the drama and unpredictability of IPO markets, drawing parallels to Honasa's IPO. Lenskart's valuation has raised eyebrows, with some fund houses clarifying their investment decisions. The eyewear retailer's IPO opened for subscription recently.
Pine Labs to launch IPO on November 7; aims to raise 2,080 crore via fresh issue
The company's maiden public offering would conclude on November 11. The bidding for anchor investors will open for a day on November 6, according to the red herring prospectus (RHP)
Indian fintech firm Pine Labs pares IPO set to launch on November 7
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
The Phoenix Mills Q2 profit rises 39% to Rs 304 crore
Phoenix Mills Ltd. witnessed a significant 39% surge in its consolidated net profit, reaching Rs 303.99 crore in the second quarter of the current fiscal year. This impressive growth was fueled by a substantial increase in total income, which climbed to Rs 1,146.21 crore. The company, a prominent developer of retail-led mixed-use projects, saw its profits rise from Rs 218.
Mahindra Lifespace posts Q2 profit at Rs 47.91 cr
Mahindra Lifespace Developers Ltd reported a consolidated net profit of Rs 47.91 crore for the second quarter of the current fiscal year, a significant turnaround from a net loss of Rs 14.01 crore in the same period last year. The company's total income also surged to Rs 33.06 crore. Its development footprint includes 53.
Dumb money is chasing dumb IPOs: Shankar Sharma on India's public markets amid Lenskart buzz
Veteran investor Shankar Sharma slams India's IPO market as the dumbest in history, citing Lenskart's pre-IPO activity. He alleges a eautiful little game where anchor investors create artificial legitimacy, leading to inflated valuations. Sharma claims companies exploit retail investors' anchoring bias, causing stocks to collapse post-listing, only for investors to be trapped again.
Concurrent Gainers: 10 BSE500 stocks that gain for 5 days in a row
Despite the overall market weakness, 10 stocks from the BSE500 index managed to post gains in each of the five sessions.
Coinbase holds edge in US crypto race even as rivals' public listings reshape landscape
Coinbase's strong earnings are being overshadowed by increasing competition as regulatory clarity boosts the crypto market. New players like Gemini and Bullish have gone public, while Kraken prepares to list. Despite its first-mover advantage and institutional trust, Coinbase faces pressure on its premium pricing and retail outlook. The company is actively acquiring to maintain its edge.
Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest in these lenders.
Ace investor Rekha Jhunjhunwala significantly boosted her stake in Canara Bank, acquiring an additional 1 crore shares. This move aligns with positive market sentiment for PSU banks, potentially driven by increased foreign investment caps. Jhunjhunwala also increased her holdings in Federal Bank and Titan Company, underscoring her continued confidence in India's financial and consumption sectors.
Mind Over Money: How meditation, fitness & sports shape Shripal Shahs leadership at Kotak Securities
Shripal Shah, CEO of Kotak Securities, reveals how meditation, fitness, and sports cultivate leadership. Mindfulness aids clear decision-making under pressure, while strategic games like chess mirror business adaptability. Running fuels focus, and sports teach resilience in both victory and defeat, fostering a balanced approach to a demanding career.
Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures
The Federal Reserve's Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eligible financial firms facing temporary cash needs.
Wall Street Week Ahead: Resilient stocks rally faces earnings wave after AI, Fed wobbles
Indian markets are watching a strong US stock rally. Investors are focused on upcoming company earnings and the US Federal Reserve's interest rate decisions. The market is at high valuations, making earnings crucial for future gains. The first week of November is historically positive for stocks. AI investments are a key theme, with companies announcing spending and investors seeking returns.
5 world market themes for the week ahead
Markets face a crucial November. The U.S. government shutdown impacts economic data. Central banks in the U.S., Europe, and Japan are making key decisions. The Bank of England's meeting could bring significant market moves. Oil prices remain uncertain. Australia's inflation data complicates interest rate outlooks. Investors watch for market shifts.
Wall Street gains on Amazon boost but rate caution tempers enthusiasm
Wall Street indexes closed higher, led by Amazon's strong earnings forecast, but Fed rate cut hopes dimmed. Amazon shares surged, boosting the consumer discretionary sector. However, cautious Fed commentary and supply concerns for Apple tempered overall sentiment, despite strong earnings season performance.
Nvidia CEO Jensen Huang completes $1 billion share sale
Nvidia CEO Jensen Huang has sold over one billion dollars in company shares. This sale concludes a large pre-planned divestment. The chipmaker recently crossed a five trillion dollar market value milestone. This surge is driven by high demand for artificial intelligence processors. Several other company insiders have also profited significantly from the AI boom.
How will Sebi's changes to banking indices impact investors?
Sebi is pushing for broader banking and financial services indices, aiming to reduce the dominance of a few large banks. This move will cap individual stock weights at 20% and top three at 45%, potentially benefiting smaller and mid-sized banks. Investors and traders can expect shifts in portfolio rebalancing and new trading opportunities as the indices adapt.
Canara Bank-led consortium sells KTPL's Rs 520-crore debt to Prudent ARC
A lenders' consortium led by Canara Bank has successfully sold 520 crore of Karanja Terminal and Logistics (KTPL) debt to Prudent ARC through a Swiss challenge auction. This all-cash transaction recovered over 86% of the dues, significantly exceeding initial offers and the base price. The sale, however, is pending ongoing court proceedings initiated by KTPL's promoters.
ACC Q2 net profit soars 5x to Rs 1,119 crore on tax write-back and record sales
ACC reported a five-fold surge in its second-quarter net profit, driven by a significant tax write-back. The cement manufacturer also saw its highest-ever September quarter revenue and sales volume, anticipating further demand growth due to GST reductions and improved economic sentiment.
RBI cancels Rs 11,000 crore bond auction; 10-year yield eases 7 bps to 6.53%
Indian sovereign bond yields eased on Friday. The Reserve Bank of India cancelled a 7-year bond auction. This action led to a nearly seven basis point drop in the benchmark 10-year sovereign bond yield. Traders believe the cancellation signals the central bank's discomfort with higher yield bids. This development follows a period of rising yields since June.
Shutdown of weekly options not practical, says Sebi Chairman
India's market regulator Sebi will proceed cautiously on restricting weekly futures and options expiries. Sebi chief Tuhin Kanta Pandey stated an outright shutdown is impractical. The regulator has already implemented measures to control speculative trading by retail investors. Further policy interventions will follow extensive data analysis and public consultation.
D-Street hits pause on Fed's rate cues; focus turns to trade deal
Indian equity indices closed lower on Friday, extending weekly declines but logging strong monthly gains. Investor caution stemmed from the US Federal Reserve's stance on interest rates and the US-India trade deal outcome. Analysts suggest current dips present buying opportunities ahead of potential rallies.
Bank holiday today: Are banks open or closed on Saturday, November 1? Check here
Bank holiday today: According to the RBI calendar, banks in Bengaluru, Dehradun, will be closed on 1 November for Kannada Rajyothsava and Igas-Bagwal. The banks in the rest of the country will remain open.
The longest and shortest flights in Indian aviation this winter
The shortest international flight by an Indian carrier is between Trichy and Jaffna, operated by IndiGo, while at 12,594 km, the San Francisco-Kolkata segment of the San Francisco-Bengaluru flight is the longest, which is operated by Air India.
Indias forex reserves drop by $6.9 billion on week
Foreign currency assets (FCA) stood at $566.54 billion, down $3.86 billion compared to last week
IPO rush to continue as 1.13-lakh crore pipeline builds for NovDec
With 1.29-lakh crore already raised this year and marquee names such as Groww, Lenskart, PhonePe, and Pine Labs in the queue, the primary market shows no signs of slowing as year-end nears
United Spirits warns of tough H2 despite strong Q2 led by premium brands
United Spirits MD Praveen Someshwar said strong Q2 sales were driven by urban demand and premium brands, but warned of a challenging second half due to regulatory disruptions in Maharashtra and Andhra Pradesh, despite efforts to optimize its value chain.
Amazon shares soar 11% as AI boom fuels stellar growth in AWS cloud unit
Amazon shares surged more than 11% in early trading on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
These large-cap mutual funds delivered over 20% annual returns in 5 years check list
We list the top-performing mutual funds that have delivered a return of over 20% in the past 5 years. These include Aditya Birla Sun Life Large Cap Fund, Edelweiss Large Cap Fund, Franklin Large Cap Fund and HDFC India Large Cap Fund.
S&P 500, Nasdaq open higher as Apple, Amazon forecasts lift mood
The S&P 500 and the Nasdaq opened higher on Friday after upbeat forecasts from Apple and Amazon helped calm nerves, a day after the indexes suffered their sharpest drop in more than three weeks.
Sensex posts biggest monthly gain in seven months despite Friday sell-off
Sensex falls 465 points or 0.55% to settle at 83,938.71, while the Nifty 50 declined 155 points or 0.6% to 25,722.10
Patanjali Foods Q2 Results: Profit soars 67% to Rs 516 crore
Patanjali Foods Ltd, which is mainly into edible oils, on Friday reported a 67 per cent increase in its consolidated net profit to Rs 516.69 crore for the second quarter of this financial year.
Bank of Baroda Q2 Results: Profit slips 8% to Rs 4,809 crore
State-owned Bank of Baroda (BoB) on Friday reported an 8 per cent fall in net profit to Rs 4,809 crore for the second quarter ended September as interest income moderates.
Kalpataru Projects reports 89% jump in Q2 profit on strong execution
Kalpataru Projects net debt declines 14% to 3,169 crore
The $83-per-month cable replacement service is Googles proposal for a single destination for all home entertainment requirements, but the company has struggled to come to fresh terms with Walt Disney.
Waaree Transpower launches advanced inverter duty transformers at REI Expo
The flagship model - a 17.6 MVA, 4X660V/33 kV, five-winding aluminium-wound IDT - has completed full type testing at CPRI
BPCL Q2 Results: Cons PAT shoots up 170% YoY to Rs 6,191 crore; Rs 7.5 per share dividend announced
BPCL posted a 170% YoY surge in consolidated net profit to Rs 6,191 crore in Q2FY26, driven by higher refining margins and lower expenses. Revenue rose 3% to Rs 1.21 lakh crore, while the PSU announced a Rs 7.5 interim dividend.
On Friday, the benchmark Sensex declined by around 465 points, settling at 83,938. Despite the broader market weakness, six PSU banking stocks from the BSE PSU Bank Index scaled fresh 52-week highs, indicating strong momentum in the sector. Indian Bank, Bank of India, and Canara Bank led the rally, posting one-month gains of up to 14%.
Euro area bond yields on track for two straight weekly rise after Fed, ECB
Euro zone government bond yields were on track for a second straight weekly rise following a hawkish signal from the Federal Reserve and an uneventful European Central Bank meeting.
India bonds rebound as RBI lowers auction supply
Indian government bonds rose by close of trade on Friday as the central bank sold lesser debt than scheduled at a weekly auction, providing some relief in a bearish market.
Shriram Finance Q2 Results: Profit rises 7% to Rs 2,314 crore
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday reported a 7 per cent increase in consolidated net profit at Rs 2,314 crore in the second quarter of the current fiscal year.
Gainers & Losers: Navin Fluorine, Vedanta and 5 more stocks hogged limelight on Friday
Benchmark indices ended lower for the second session as profit booking and weak global cues weighed on sentiment. Navin Fluorine, BEL and PSU banks gained, while Vedanta and Bandhan Bank slipped.
Rupee ends flat at 88.69 against US dollar
Market pressures from declining equities and a resilient dollar counterbalance the rupees recovery, as global oil prices drop amid ongoing concerns over US inflation and interest rate stability
Fighting insurance fraud: key highlights of Irdai's 2025 guidelines
The updated guidelines include cyber fraud for the first time, call on insurers to set up fraud monitoring committees, and require distribution channels to have their own anti-fraud policies, procedures and controls, among other things.
Indian stocks concluded Friday with a decline, marking a second consecutive day of losses for the Sensex and Nifty. Investors engaged in profit-booking amidst mixed corporate results and cautious global sentiment, influenced by a stronger U.S. dollar and the Federal Reserve's dovish outlook on rate cuts.
Shreeji Global FMCG IPO to open on Nov 4, raise 85 cr
Shreeji Global FMCG to issue 68 lakh equity shares in price band of 120 - 125 a share
Rupee holds above record low on state bank dollar sales, ends month flat
The Indian rupee faced a modest depreciation on Friday, yet it resiliently stayed above its all-time low, buoyed by dollar sales from government banks. The currency concluded the month on a subdued note, while the Indian equity markets reflected a similar downturn.
Orkla India IPO sees stellar demand, subscribed 40.27x so far on final day
Brokerages have expressed an overall positive outlook on the IPO, recommending a subscribe rating
Nifty breakout above 26,200 imminent, PSU banks and metals to lead next rally: Gautam Shah
Market strategist Gautam Shah, Founder of Goldilocks Premium Research, expects the Nifty to break past 26,200 soon, opening room for a 510% upside. He remains bullish on PSU banks, metals, and real estate, while maintaining caution on IT. With strong technical support at 25,600, Shah sees India entering its next bullish phase.
MS Dhoni-backed Finbud Fin to raise 71.6 crore via IPO
The IPO will open for subscription on November 6 and close on November 10. Bidding for anchor investors will open for a day on November 4
Every dip a buying opportunity, Paytm, Coforge top bets: CA Rudramurthy BV
Market veteran CA Rudramurthy BV anticipates India's benchmark indices to reach new record highs, viewing market dips as buying opportunities. He highlights strong earnings, renewed FII buying, and easing global uncertainties as key drivers for the ongoing rally. Rudramurthy is particularly bullish on IT, PSU banks, OMCs, metals, and new-age tech platforms.
Vedanta Q2 Results: Vedanta's net profit dropped 59% in Q2 to Rs 1,798 crore. However, the company reported its highest-ever quarterly revenue at Rs 39,868 crore. Vedanta also achieved a record second-quarter EBITDA of Rs 11,612 crore. Strong operational performance in aluminium, zinc, and other segments supported these results. The company is poised for its best-ever performance in FY26.
THESE 5 credit cards can help you save money on your movies with family
Here we list out a few credit cards which you can use to make the most of your movie experience by claiming free movie tickets
Lenskart IPO subscribed 67% so far on Day 1, retail demand crosses 1x
At 2.15 pm, the qualified institutional buyers portion was subscribed at 0.76 times, non-institutional investors 0.26 times, retail category was booked 1.03 times, and the employee quota at 0.88 times
Maruti Suzuki India Q2 Results: Cons PAT rises 8% YoY to Rs 3,349 crore; revenue jumps 13%
Maruti Suzuki Q2 Results: The companys revenue from operations grew 13% YoY to Rs 42,344.20 crore, up from Rs 37,449.20 crore in the corresponding period of the previous financial year.
These 14 smallcap stocks soared up to 70% in 30 Days Do you own any?
October turned into a winning month for smallcaps, with 14 stocks soaring over 30%. Despite strong gains, most still trade below 52-week highs, hinting at more room for growth.
Bharat Electronics Q2 Results: Standalone PAT up 18% YoY to Rs 1,286 crore, revenue rises 26%
Bharat Electronics Q2 Results: The company posted an 18% YoY rise in Q2 FY26 net profit to 1,286 crore, driven by strong operational performance. Revenue surged 26% to 5,764 crore, while profit before tax rose nearly 20% to 1,734 crore.
RRP Semiconductor's 72,000% stock surge in 18 months turns unknown investor into billionaire
Rajendra Kamalakant Chodankar has become a billionaire after RRP Semiconductors stock skyrocketed over 72,000% in 18 months, hitting 10,887 and valuing the firm above 14,000 crore. Holding 74.5% of the company, Chodankars stake is worth over 11,000 crore yet he is curiously listed as a retail shareholder, not a promoter.
VICI Properties raises lower end of annual AFFO forecast
VICI Properties raised the lower end of its 2025 adjusted funds from operations forecast on Thursday, banking on its investments in experiential real estate.
DLF's sales bookings jump over 2-fold to Rs 15,757 cr in Apr-Sep on high demand of luxury homes
Realty major DLF Ltd's sales bookings more than doubled to Rs 15,757 crore during the first six months of this fiscal year on high demand for its luxury housing projects in Gurugram and Mumbai.
India's REITs market likely to touch Rs 19.7 lakh crore by 2030: Report
India's REIT (real estate investment trust) market is projected to reach Rs 19.7 lakh crore by 2030 from Rs 10.4 lakh crore in 2025, driven by high occupancy, favourable taxation and broader sectoral inclusion, according to a report released on Friday.
Invest in Lenskart IPO for listing gains, long-term buyers should wait: Rahul Shah
Indian markets are driven by strong earnings momentum, with the current season exceeding expectations. Investors are buying dips as large-cap companies, including IT majors, meet street forecasts. Sectors like autos, defence, and real estate show positive trends, while FMCG demand is picking up, especially in rural areas.
Sensex, Nifty slip amid volatile session, PSU Bank stocks shine
Equity markets turned choppy on Friday with Sensex falling over 660 points intraday and Nifty 50 down nearly 190 points.
RateGain partners with FLYR to integrate rate shopping tools
The partnership enables FLYR Hospitality to distribute RateGains SaaS products, including the Navigator platform, which provides real-time rate intelligence for hotel pricing decisions
Axiscades partners with French firm Cilas for laser-based anti-drone systems
Shares of AXISCADES Technologies were trading at 1,597.90 up by 49.70 or 3.21% on NSE at 12.38 pm
Japan's Nikkei climbs to record high on tech rally, posts best month in 3 decades
Japan's Nikkei index shattered records, hitting an all-time high and achieving its largest monthly surge in three decades. This remarkable rally was propelled by robust tech stock performance, fueled by optimistic sales forecasts from giants like Amazon and Apple. A weaker yen further bolstered Japanese exporters, contributing to the market's impressive ascent.
Sensex, Nifty slip in midday trade amid FII selling, global caution
Sectoral trends were mixed, with financials and banks under pressure. Eicher Motors, L&T, and TCS were among top gainers, while Cipla and NTPC lagged.
Bandhan Bank shares plunge 7% as analysts slash targets on asset quality woes
The bank reported net interest income of 2,589 crore, missing estimates of 2,643 crore, as margins compressed 55 basis points to 5.8%
Weekly F&O curbs soon? Sebi chief keeps investors guessing with teasing comments
Sebi Chairperson Tuhin Kanta Pandey said the regulator will introduce new F&O measures in a phased manner after consulting stakeholders, ruling out an abrupt halt to weekly expiries. Speaking at the Business Standard BFSI Summit 2025, he stressed Sebis focus on strengthening market resilience and transparency while ensuring participation remains robust amid tightening oversight of the derivatives segment.
SEBI likely to penalise MCX for four-hour trading halt
The SEBI is concerned about the delay in identifying the cause for the trading halt and could direct MCX to improve its system capacity, say sources
PSU Banks gain up to 5%. Here are 3 factors driving the surge in state-run lenders
State-run bank stocks rallied sharply on Friday, driven by expectations of higher FII caps, rising foreign interest in Indian lenders, and strong technical indicators supporting further upside in major PSU banks.
LT Foods shares fluctuate as Q2 results show strong revenue growth
For the first half of FY26, the company reported revenue of 5,273 crore, up 25 per cent year-on-year, with EBITDA growing 20 per cent to 619 crore
L&T partners with US firm GA-ASI to manufacture combat drones in India
Under the agreement, L&T will serve as the prime bidder in the Ministry of Defences upcoming procurement programme for 87 MALE RPAS units, with GA-ASI acting as the technology partner
Sebi to penalise MCX for 4-hour trading halt: Report
India's market regulator is set to penalise Multi Commodity Exchange. A four-hour trading halt occurred on Tuesday due to a capacity breach. The exchange could not handle the high volume of clients. MCX stated its systems have parameters that led to constraints. The regulator is concerned about the delay in identifying the cause.
HDFC Bank Share Price Live Updates: HDFC Bank's Current Trading Status
Eicher Motors Share Price Live Updates: Eicher Motors Trading Update
Tech Mahindra Share Price Live Updates: Tech Mahindra's Recent Market Activity
Sun Pharma Share Price Live Updates: Sun Pharma's Price Movement Today
Asian Paints Share Price Live Updates: Asian Paints Price Decline Overview
UPL Share Price Live Updates: UPL's Market Update
Tata Steel Share Price Live Updates: Tata Steel's Latest Price Analysis
SBI Life Share Price Live Updates: SBI Life's Stock Performance Overview
ITC Share Price Live Updates: ITC's Current Trading Price
Bharti Airtel Share Price Live Updates: Bharti Airtel's Recent Price Trends
Grasim Inds Share Price Live Updates: Grasim Industries Experiences Price Decline
HCL Tech Share Price Live Updates: HCL Tech's Stock Performance Update
TCS Share Price Live Updates: TCS Market Movement Analysis
Bajaj Finserv Share Price Live Updates: Bajaj Finserv ends the day at Rs 2085.5
Power Grid Share Price Live Updates: Power Grid's Current Trading Status
Wipro Share Price Live Updates: Wipro's Market Performance: Rs 240.9 Closing Price
