The Economic Times

Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Improved domestic macro indicators contributed to the positive sentiment among investors and traders. Increased passenger vehicle sales and gross GST collections reflected resilience in domestic economic activity. Several stock recommendations were highlighted for Tuesday, suggesting potential upward movements. Analysts shared technical insights indicating opportunities for buying various stock

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.

EAAA India Alternatives attracted Rs 316.3 crore in listing-day bulk deals from HDFC Mutual Fund, Carnelian Asset Management and L&T. The stock listed at a marginal premium before gaining 3.8% over its IPO price.

Commodity derivatives traders in India surged nearly 62% to 21 lakh in FY26, while equity F&O participants fell 20% to 85 lakh. Zerodha's Nithin Kamath cited commodity volatility, options popularity and extended MCX trading hours.

In FY26, StockGro showcased substantial growth, achieving a profit after tax of Rs 112.96 crore while nearly doubling its revenue to Rs 226.14 crore, largely propelled by rising subscription fees. Operational costs increased, leading to higher total expenses. As the company gears up for an IPO, preliminary papers have been submitted to Sebi, with StockGro currently serving over 35 million users and capitalizing on Indias booming retail investment market.

Sebi has announced a reduction in the cooling-off period for illiquid private listed InvITs. The previous cooling-off period was set at 12 weeks, which has now been changed to 8 weeks. This decision comes in response to feedback from market participants and aims to enhance the ease of doing business. Illiquid InvITs typically face challenges due to low trading volumes and large lot sizes.

Fusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM grew 14%, and NIM expanded to 12.5%.

Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.

A Learjet 60 crashed into a mobile home community in Florida, triggering a massive fireball. The pilot's chilling final words, We're out of time, captured the desperate moments before the Learjet 60 plunged into a Florida mobile home community. The crash triggered a massive fireball and left authorities investigating multiple fatalities.

Nirmala Sitharaman highlighted the importance of resolving the ongoing differences within Tata Sons and Tata Trusts. She emphasized that the matter should remain private and avoid public discussions. The Finance Minister acknowledged the contributions of the Parsi community to the Tata Group's global brand. Concerns regarding foreign investor outflows and their impact on India's economy were also addressed.

ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.

Four BSE 100 stocks, Coforge, Eternal, Indian Hotels Company and Kotak Mahindra Bank, touched fresh 52-week highs as the Sensex surged over 1,200 points. All four stocks also delivered positive returns over the past month.

In California, same-day voter registration allows qualified citizens to both register and vote on the very day of elections. To participate, individuals must be at least 18 years old and a US citizen. Registration is available at specified locations during the 14 days leading up to the election, including Election Day. Other states also provide same-day registration, though they may have unique procedures and documentation.

Unable to get train tickets for Chhath Puja, a Delhi man named Rishav Thakur has taken an auto-rickshaw to travel to Madhubani in Bihar with his companions. The group is making the unusual journey after missing the festival at home for nearly three years. His videos have attracted attention on social media.

Prime Minister Narendra Modi highlighted the importance of energy security linked to economic security during the global crisis. He stated that India is prioritizing clean energy and green hydrogen to boost its energy independence. The National Green Hydrogen Mission aims for 5 million tonnes of green hydrogen production by the decade's end. India has achieved 300 GW of non-fossil fuel-based energy capacity and is targeting 500 GW.

Indian markets rallied sharply, with Sensex gaining 1.66% to 75,693 and Nifty rising 1.68% to 23,441. Strong quarterly earnings lifted investor sentiment, led by Reliance Industries, metals and oil and gas stocks, while market breadth remained positive.

CFOs and CHROs are moving beyond traditional responsibilities to become strategic business partners. The discussion explores how finance and HR leaders are navigating uncertainty, driving technology adoption, building organisational resilience and aligning financial and people strategies with sustainable growth.

Mukesh Ambani experienced a significant increase in wealth following a rally in Reliance Industries shares. The company's stock rose by 11.64%, marking its strongest gain in over six years. Reliance's quarterly earnings surpassed expectations, especially in its oil-to-chemicals and telecom sectors. Analysts have since shown increased optimism about the company's financial outlook and growth prospects. However, challenges remain for Reliance's retail business and overall stock recovery.

Mukesh Ambani has become the largest wealth gainer globally, adding USD 6 billion to his fortune. Reliance Industries shares surged 11.6 percent after a favorable quarterly earnings announcement. The company's consolidated net profit increased by 40.6 percent year-on-year, exceeding analysts' expectations significantly. Core earnings for its refining and Jio Platforms businesses experienced significant growth during the quarter. Ambani's wealth rose to USD 88.8 billion, placing him as the riches

Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.

State Bank of India will announce Q2FY27 results on November 3, with brokerages forecasting 11-13% NII growth and up to 25.2% profit growth. Investors will track margins, loan growth, deposits, credit costs and asset quality.

Knowledge Marine shares gained 4.17% after securing a Rs 303.17 crore, three-year maintenance dredging contract from New Mangalore Port Authority. The company also announced a November 6 record date for its five-for-one stock split.

A man in Guangzhou, China, is offering to argue on behalf of people who struggle with confrontations for 188 yuan (around Rs 2,600). His service covers disputes over unpaid wages, refund requests, poor services and cosmetic surgery results. Videos of his unusual work have drawn attention online, with users sharing the complaints they would want him to handle.

Mold-Tek Packaging shares surged nearly 17% after the company reported a 35.5% YoY rise in Q2 FY27 net profit and 30.5% revenue growth. Strong pharma and FMCG packaging volumes supported performance, while new product launches and expansion plans strengthened its growth outlook.

As midterm elections approach in the US on November 3, 2026, voters must prepare for varied state-specific voting laws about polling places and ID requirements. Options for early voting and mail-in ballots are also available, depending on individual state rules. It is vital for voters to confirm registration status and get acquainted with candidates and measures on the ballot. Help is offered for those needing assistance or accessible voting options.

Euro zone countries are experiencing increased economic integration with the United States compared to internal collaboration. The European Central Bank highlights concerns about economic vulnerabilities amid geopolitical tensions. Barriers to cross-border investment with the US have declined significantly since 2014. Research indicates that fragmented capital markets diminish economic resilience during shocks like COVID-19. A lack of integration may exacerbate investment reductions in times of

Oyo parent PRISM reported a 35% YoY rise in Q1FY27 revenue to Rs 2,814 crore, while net profit grew 17% to Rs 353 crore. Gross Booking Value increased 30% to Rs 9,600 crore and EBITDA rose 24% to Rs 760 crore. Founder Ritesh Agarwal highlighted growth across hotels and vacation homes, technology investments and AI-led operational efficiencies.

Spandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting immediate action from the microfinance company. A senior official stated that the company has insurance that covers the losses incurred due to the fraud. Services associated with the fraud were halted, and investigations are currently underway. The company has requested its bank to reverse the transactions and investigate further.

Senior advocate Darius J Khambata has declined reappointment as a trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, citing concerns over trustee independence, governance issues within the Tata Group and the proposed listing of Tata Sons.

India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum.

Foreign institutional investors raised their stakes in 19 Nifty 50 companies in the September 2026 quarter. Of these, 11 stocks have gained 10% to 50% in FY27 so far, reflecting strong price momentum alongside increased FII ownership.

MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore against a loss of Rs 28.6 crore a year earlier. Profit rose over 55% sequentially from Rs 7.6 crore in Q1 FY27, while revenue from operations increased 9% year-on-year to Rs 1,082.6 crore.

Muthoot Finance has indicated an increase in bad loans linked to evolving lending regulations that are affecting borrowers. The company expresses confidence that clients will gradually acclimate to the revamped monthly payment system. The managing director mentioned it is still too early to assess the regulation's overall influence on the industry.

Reliance Industries shares surged on Monday, marking their sharpest single-day rally in nearly seven years and adding Rs 1 lakh crore to its market capitalisation, taking it to Rs 17 lakh crore. The rally followed strong Q2 FY27 results, with consolidated net profit rising 41% year-on-year to Rs 25,548 crore and revenue growing 29% to Rs 3.32 lakh crore. The oil-to-chemicals segment led earnings growth, with EBITDA jumping 68% to a record Rs 25,203 crore.

Coal India subsidiary South Eastern Coalfields has filed its draft papers with SEBI for an IPO comprising an offer for sale of up to 66.81 crore shares. One of Indias largest coal producers, SECL reported higher revenue and profit and plans to list on the BSE and NSE.

India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.

Coal India shares jumped more than 4% after the state-run miner reported record monthly coal production and supplies in October. Total supplies crossed 70 million tonnes for the first time, while deliveries to the power sector reached an all-time high of 57.1 million tonnes.

Devyani International, the parent company of KFC and Pizza Hut in India, has recorded a significant reduction in losses during its second quarter. For the third straight quarter, same-store sales for KFC increased by 4.4%. With revenues climbing by 10.4% to 15.19 billion rupees and expenses only rising 8.3%, Chairman Ravi Jaipuria emphasized the ongoing challenges posed by inflation and increasing interest rates.

Dixon Technologies shares surged 11% after the company reported a 46.7% YoY rise in Q2FY27 revenue to Rs 21,794 crore. However, net profit fell 48.7% to Rs 343.7 crore, while EBITDA declined 37% to Rs 666 crore. EBITDA margin contracted to 3.1% from 7.1% a year ago, despite higher revenue and operating profit growth.

To boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax for foreign investors and extend tax relief to mutual fund investors. This move is designed to counteract the high capital gains taxes and transaction costs faced by foreign entities, aiming to enhance the overall attractiveness of India's equity market.

The Economic Times Product of the Year Awards 2026 celebrate cutting-edge innovations that make a substantial difference in the market and attract customer loyalty across diverse industries. Categories feature Enterprise SaaS, FinTech, Cybersecurity, as well as consumer goods such as banking solutions and smartphones. Judging criteria prioritize market presence, adoption rates, creativity, and execution excellence, with an emphasis on quantifiable achievements.

The Press Information Bureau issued a warning about fraudulent WhatsApp messages claiming an Rs 8,000 Diwali bonus. These messages ask recipients to click on links to access a fake payment website. The messages aim to collect personal information and trick users into unauthorized transactions. Citizens are advised to verify such claims through official government websites and not to respond to suspicious messages.

The Ministry of Defence has signed contracts worth 53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy. Under the deal, GRSE will build five warships and GSL the remaining three.

Samajwadi Party leader Azam Khan has taken his case to the Supreme Court following his recent detention by the Enforcement Directorate. After his arrest related to the Jauhar Trust, a special court in Ghaziabad placed Khan in 14 days of judicial custody. His legal team has filed a plea for a hearing, though the court has denied an urgent review at this time.

Panchkula School Case News: A Class III student allegedly attacked a six-year-old KG girl at a Panchkula government school using a brick kept as a classroom doorstop. He initially blamed other students but later confessed, claiming she used to tease him. Police have also flagged security lapses, while the school principal and two teachers have been suspended.

Vedanta Oil and Gas shares jumped 6% on Monday after rallying 8.5% in the previous session, adding nearly Rs 1,600 crore to its market capitalisation. The gains followed a strong Q2 performance, with the company reporting a net profit of Rs 746 crore against a loss of Rs 91 crore a year ago, despite a sequential decline.

GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment was also buoyed by the board