Business / The Economic Times
Japan's Nikkei share average rose on Wednesday, extending gains after SoftBank Group trimmed losses, while Sony Group helped the broader Topix to close at a fresh high on a robust annual profit forecast.
Indian stocks surged Wednesday, led by financials and IT, as optimism grew over a potential U.S. trade deal and an end to the government shutdown. Positive U.S. labor data fueled rate-cut hopes, while Bihar exit polls favored the ruling NDA. Strong corporate earnings, including RIL's gains, further boosted domestic sentiment.
RBIs latest banking reforms mark a new era for Indias financial sector, enabling universal bank transitions, foreign investments, M&A financing, and operational flexibility to drive growth and global integration.
The U.S. dollar regains strength near the 100 mark, supported by the Feds cautious stance, easing trade tensions, government shutdown dynamics, and weakness in rival currencies like the euro, yen, and pound.
CDSL shares climbed 3% to Rs 1,650 on Wednesday, marking a fourth consecutive day of gains. This surge follows the company's second-quarter results, which showed a year-on-year profit decline but a sequential increase. Analysts remain divided, with one downgrading the stock while another maintains a buy rating, citing a healthy IPO pipeline and market recovery.
Ola Electric chairman Bhavish Aggarwal has further pledged his company shares. This is the third time he has used Ola Electric stock to finance a separate, private venture. This move raises questions about founder risk for shareholders. Ola Electric shares have seen a significant decline since its listing and following Aggarwal's previous pledges.
Mumbai has reclaimed its position as Indias top real estate investment hub, attracting over USD 1.2 billion in inflows in 2025, driven by strong fundamentals, infrastructure growth, and balanced investor participation.
InCred Equities warned that the Nifty could fall 57% if the NDA loses the Bihar election, triggering political uncertainty and foreign outflows. However, analysts expect the correction to be short-lived, with markets rebounding once policy clarity and economic stability return under any new coalition government.
Adani Enterprises shares: The stock soared after the company finalized terms for its 25,000 crore rights issue. The issue, involving partly paid-up equity shares of 1 face value, aims to strengthen the companys capital base and support future growth plans, the firm said in an exchange filing.
Bitcoin slipped nearly 3% to around $103,000 after briefly touching $107,000, as profit-taking and weakness in AI and tech stocks weighed on sentiment. Ethereum and major altcoins also declined, pulling the global crypto market cap down over 3% to $3.47 trillion, according to CoinMarketCap.
India Ratings and Research forecasts India's GDP to expand by 7.2 percent in the second quarter of the current fiscal year. Private consumption is expected to be the primary driver of this growth. The resilient services sector and manufacturing exports also contribute to the positive outlook. This projection indicates a robust economic performance for India.
Indias travel boom is shifting to mid-tier hotels as GST cuts, rising incomes, and medical tourism drive demand, says Sunil Subramaniam, CEO of Sense and Simplicity. He remains bullish on PSU and power infrastructure stocks as long-term bets and calls the recent Britannia leadership-driven selloff an overreaction, reaffirming confidence in Indias consumption growth story.
Tata Motors Commercial Vehicles (TMLCV) debuted with a 28% premium, reflecting investor confidence in India's commercial vehicle sector upcycle. The demerger allows independent valuation of the stable, cash-generating CV business, seen as core to India's growth story. Analysts are bullish, citing strong fundamentals and potential from the Iveco deal.
The rupees sharp rebound faces renewed pressure as speculative positions rise and the RBI defends key levels near 88.80, with trade deal dynamics and Fed policy influencing short-term sentiment.
India must advocate for the removal of the 25% tariff on Russian oil imposed by the United States, as this is a pivotal move before finalizing any trade agreements. According to experts from the Global Trade Research Initiative, eliminating this tariff will enhance the competitiveness of Indian products on the global market.
Investor focus is shifting to automobiles, capital markets, and banking post-festive season. Two-wheelers are leading auto growth, with the wedding season expected to boost volumes. Capital markets offer long-term potential despite current stock performance, while metals are a tactical play. The banking sector shows promise for future earnings growth, especially by FY27.
External Affairs Minister S Jaishankar on Tuesday (local time) met with his Canadian counterpart, Foreign Minister Anita Anand, on the sidelines of the G7 Foreign Ministers' Meeting in Niagara and discussed the ongoing progress in bilateral cooperation under the India-Canada Roadmap 2025.
India's earnings season is concluding with results meeting expectations. Management commentary is positive. Government initiatives and a good monsoon are expected to boost demand. Capital expenditure is growing steadily. Consumption is gradually improving. Experts advise a selective, long-term investment approach in sectors like industrials, focusing on solid businesses and valuations.
The Indian rupee remained largely unchanged as importer dollar demand countered positive sentiment from anticipated U.S. Federal Reserve rate cuts. While weaker U.S. payrolls data boosted dollar-rupee forward premiums, the spot rate saw limited movement. Traders await progress on U.S.-India trade talks and a U.S. legislative vote to end the government shutdown.
Vietnams State Treasury raised 4 trillion dong ($153 million) in its latest government bond auction, slightly lower than the $158.7 million raised last week, reflecting a modest decline in investor demand.
Indian government bonds saw an early rise on Wednesday. This movement followed gains in US Treasuries. Traders believe the Reserve Bank of India is actively buying securities. This action aims to support the market. The benchmark 10-year yield stood at 6.48%. Investors are watching for further market developments.
Reliance Infrastructure shares rose sharply despite a 50% year-on-year drop in Q2FY26 net profit to Rs 1,911 crore. Revenue from operations fell 14% to Rs 6,235 crore, with the power business continuing to be the primary contributor to the companys overall earnings mix.
Indian smallcap stocks are performing exceptionally well. Several companies have delivered impressive returns, with some surging over 178% in just three months. This broad-based rally spans sectors like defence, banking, and manufacturing. Investors are showing renewed interest in these high-growth opportunities. Key gainers include Swan Defence, Chennai Petroleum, and JK Tyre.
ONGC shares rose up to 2.5% to Rs 255 on Wednesday despite an 18% YoY drop in Q2 profit to Rs 9,848 crore, weighed down by lower oil prices. Revenue slipped 2.5% to Rs 33,031 crore. The company announced an interim dividend of Rs 6 per share, with a total payout of Rs 7,548 crore.
PhysicsWallahs IPO grey market premium fell to 1.83%, down from 2.75%, over its issue price of 109 per share. The IPO remains open for subscription until November 13, with the stock slated to list on the NSE and BSE on November 18.
US equities show resilience as the government shutdown nears its end, prompting sector rotation out of technology. Investors are cautiously optimistic, but concerns over Fed rate cuts, labor market weakness, and high tech valuations, particularly for the Mag-7, are influencing market sentiment.
Groww share price: Shares of Billionbrains Garage Ventures, the parent of investment platform Groww, extended gains post a strong debut, hitting an intraday high of Rs 124, up 24% from the IPO price of Rs 100. The stock listed at Rs 114 on the BSE and Rs 112 on the NSE
Market expert Parag Thakkar advises caution on high-yielding lenders like Bajaj Finance, preferring quality banks such as SBI, ICICI, and HDFC Bank due to their strong CASA franchise and better risk-reward. He highlights SBI's robust performance and attractive valuation as a preferred investment over Bajaj Finance.
Infosys announced its largest-ever share buyback of Rs 18,000 crore, aiming to repurchase 10 crore equity shares at Rs 1,800 each. The record date for eligibility is November 14, 2025. Promoters have opted out, which will slightly increase their shareholding if fully subscribed.
Gold prices rose 0.29% to Rs 1,24,270 per 10 grams on MCX amid mixed global cues, supported by a weaker dollar and hopes of Fed rate cuts, though gains were limited by profit-booking and stronger equities. Silver also gained 0.51% to Rs 1,55,481 per kg as traders awaited key inflation data.
Several small and micro-cap companies delivered exceptional profit growth in the September quarter, with some exceeding 700% year-on-year. Despite market volatility and cost pressures, firms like ASM Technologies, Sambhv Steel, and Indosolar showcased robust revenue and profit surges, driven by factors such as capacity expansion and increased demand.
Stallion India Fluorochemicals experienced a dramatic 500% rally followed by a sharp 50% correction, marked by ten lower circuits. The stock is now showing tentative signs of recovery after profit booking and stretched valuations impacted its steep decline. The company operates in a niche, growing fluorochemicals market with expansion plans.
Bajaj Finance shares saw a sharp decline despite strong AUM and profit growth. Market analyst Daljeet Kohli believes the company remains fundamentally strong, attributing the stock's fall to market sentiment rather than operational issues. He suggests the recent correction presents a long-term buying opportunity for investors.
TMCV Share Price: Tata Motors Commercial Vehicles Ltd (TMLCV) debuted with a 28% premium, reflecting investor optimism for India's largest truck and bus maker amid a cyclical upturn. Analysts highlight the demerger's value unlocking and the CV arm's strategic importance to India's growth, supported by improving economic conditions and policy tailwinds.
Groww, India's largest investment platform, debuted on Dalal Street with a 14% premium, listing at Rs 114 and Rs 112 on BSE and NSE respectively. The Rs 6,632-crore IPO saw strong subscription, particularly from institutional investors. Analysts view Groww as a proxy for India's expanding financialization trend, recommending it as a medium-to-long-term investment opportunity.
India's Nifty index shows modest one-year returns, lagging global peers. The IT sector, particularly Infosys and TCS, has dragged performance down. The next big sectoral laggard is power. Financials, however, have been strong performers, delivering significant returns. Analysts anticipate a constructive outlook for Nifty over the next year, expecting stability and selective recovery in key sectors.
India Incs earnings growth is set to accelerate sharply from Q3 FY26, led by banks, defence, and consumption sectors, says VK Vijayakumar, Chief Investment Strategist at Geojit. While FY26 growth is expected at 89%, FY27 could see double-digit expansion as domestic demand rises amid lower rates, tax cuts, and strong consumer spending.
Torrent Power reported a significant 49.6% surge in profit after tax to Rs 742 crore for Q2 FY26, driven by a 9.8% revenue increase to Rs 7,876 crore. Improved merchant power sales and reduced finance costs bolstered performance. Despite higher depreciation, the company's strong quarterly results are expected to draw investor attention.
U.S. President Donald Trump acknowledged the countrys need for skilled foreign workers, even as his administration moved to tighten visa regulations impacting global tech firms. In a Fox News interview, Trump was questioned about the future of H-1B visas and whether his administration planned to deprioritize them, according to Bloomberg.
Thermax shares: The energy and environment solutions firm delivered a weak Q2 performance, with revenue down 5% year-on-year to Rs 2,474 crore and PAT plunging 40% to Rs 119 crore. PBT fell 35% to Rs 174 crore. Last years quarter had been boosted by a one-time Rs 66 crore incentive from the Maharashtra government under the PSI 2007 scheme.
Tata Motors has become the worst-performing passenger vehicle stock this year, sliding over 12% due to market share loss in EVs and struggles in its premium SUV portfolio. Despite global headwinds for JLR, analysts suggest the stock is undervalued, trading at a steep discount to peers, making it an attractive option for patient, long-term investors.
Indian stocks surged on Wednesday, led by financials and IT, as optimism grew over a potential US trade deal and an end to the US government shutdown. The Sensex and Nifty both opened higher, reflecting boosted investor confidence in the market.
HFCL and Premier Explosives featured among stocks forming a bullish White Marubozu pattern on November 11, signalling strong buying momentum and a potential uptrend.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
Biocon reported a strong turnaround in Q2FY26 with a net profit of Rs 84.5 crore against a loss of Rs 16 crore last year, driven by 21% YoY revenue growth to Rs 4,389 crore. Biosimilars led with 61% of revenue. The company also repaid key debts, aiming to boost margins and cut interest costs by FY27.
Foreign institutional investors are divesting from Indian secondary markets while actively investing in IPOs, a trend termed 'The great divergence'. This split is driven by different investor types and a pursuit of valuation arbitrage, with long-term investors favoring primary markets for strategic entry points.

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