61 stories from 2 sources
Supporting Articles
Reliance Industries added more than $19 billion in market value in a single session, the largest one-day gain recorded by an Indian company. The jump helped lift the Nifty and reinforced investor confidence in Indian equities.
9:30 PMBloomberg Markets
Reliance Industries shares rose 11.6% after quarterly earnings exceeded expectations, marking their strongest gain in more than six years. Analysts cited stronger performance in the oil-to-chemicals business and institutional buying, with potential earnings upgrades supporting further valuation gains.
7:28 PMEconomic Times
Indian equities rallied nearly 2% on November 2, with the Sensex adding 1,233 points and the Nifty gaining 388 points. Lower crude prices, strong corporate earnings, supportive global markets and foreign buying drove the advance.
10:47 AMEconomic Times
A proposed reassessment of long-term capital gains tax may attract only $3 billion to $5 billion in fresh foreign inflows, according to analysts. That would be modest against the roughly $64 billion foreign equity selloff, with oil prices and the treatment of dollar versus rupee gains still weighing on returns.
11:27 PMEconomic TimesFinance Minister Nirmala Sitharaman said the government will consider changes to taxes on stock investments as a prolonged equity-market slump weighs on investor confidence.
11:05 PMBloomberg Markets
Foreign portfolio investors have reduced their holdings in nearly 70% of India's leading companies, with banks and IT firms among those reaching multi-year ownership lows. A few companies have seen modest increases, but foreign participation remains historically subdued.
7:27 PMEconomic Times
Public-sector banks have pushed one-year certificate of deposit rates above 8% as tighter liquidity and higher Treasury bill yields raise their funding costs. Banks have increased CD issuance, while expectations of further policy tightening suggest rates could rise further.
7:44 PMEconomic Times
Banks are raising deposit rates as system liquidity tightens and credit demand increases. Bank of India has lifted rates across several maturities, including a special 500-day deposit, after liquidity fell sharply from its early September peak.
1:50 PMEconomic Times
IndiGo, BPCL, HPCL and Indian Oil rose as crude prices fell below $105 a barrel for a second session amid US-Iran peace talks. ONGC and Oil India declined because lower prices reduce the value of their upstream production.
11:55 PMEconomic Times
The rupee strengthened 12 paise to 94.72 against the dollar in early trading, supported by softer crude prices and foreign fund inflows into Indian equities. Domestic stocks also gained, although a firmer dollar and political uncertainty in the United States kept investor sentiment cautious.
11:21 PMEconomic Times
The rupee closed nearly unchanged at 94.90 after trading between 95.03 and 94.69. Falling oil prices and a weaker dollar provided support, but stronger dollar demand and election-related uncertainty offset it, while foreign portfolio investors bought ₹3,114 crore of Indian assets.
7:26 PMEconomic Times
Marico reported a 31% year-over-year increase in second-quarter net profit to Rs 550 crore, while revenue rose 12% to Rs 3,897 crore. Margin improvement and strong volume growth led Jefferies, Systematix and Dolat Capital to maintain or upgrade Buy ratings and raise target prices.
10:58 PMEconomic Times
Marico reported a 31% increase in profit and 13% growth in consolidated revenue, supported by strong volume growth in India and international markets. The company warned that geopolitical tensions and adverse weather are raising input costs and could increase inflationary pressure, particularly in rural markets.
9:09 PMEconomic Times
ITC shares rose 2% after second-quarter net profit fell 18.5% year over year, pressured by higher taxes and weaker cigarette earnings. Strong FMCG performance kept brokerages including Jefferies, Nuvama, Emkay and DAM Capital positive, with target prices ranging from Rs 300 to Rs 355.
11:05 PMEconomic Times
ITC’s standalone net profit fell 20% in the September quarter despite a 45% increase in revenue, as higher cigarette taxes forced the company to absorb part of its price increases. Its non-cigarette businesses delivered their strongest revenue growth in 14 quarters, though inflation and geopolitical pressures remain headwinds.
8:59 PMEconomic TimesCoal India is preparing an initial public offering of its subsidiary Mahanadi Coalfields, potentially as early as this month, according to people familiar with the matter.
11:34 PMBloomberg MarketsSummary
Reliance Industries added more than $19 billion in market value in a single session, the largest one-day gain recorded by an Indian company. The jump helped lift the Nifty and reinforced investor confidence in Indian equities.
Reliance has become the market’s dominant short-term driver, concentrating index gains in one heavyweight stock.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A single stock is carrying a large share of the market’s momentum, raising both the index and concentration risks.
2 stories · 2 sources
Summary
Reliance Industries shares rose 11.6% after quarterly earnings exceeded expectations, marking their strongest gain in more than six years. Analysts cited stronger performance in the oil-to-chemicals business and institutional buying, with potential earnings upgrades supporting further valuation gains.
The earnings beat has shifted Reliance’s near-term valuation debate from recovery to potential upgrades. Further
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Reliance’s results could trigger broader analyst upgrades and materially influence both its valuation and the Nifty.
Summary
Indian equities rallied nearly 2% on November 2, with the Sensex adding 1,233 points and the Nifty gaining 388 points. Lower crude prices, strong corporate earnings, supportive global markets and foreign buying drove the advance.
The immediate shift is a broad improvement in risk appetite, supported by both domestic earnings
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The rally has raised the bar for follow-through, making foreign flows and crude prices key near-term market signals.
Summary
A proposed reassessment of long-term capital gains tax may attract only $3 billion to $5 billion in fresh foreign inflows, according to analysts. That would be modest against the roughly $64 billion foreign equity selloff, with oil prices and the treatment of dollar versus rupee gains still weighing on returns.
Tax relief alone is unlikely to reverse foreign investors' retreat from Indian equities. Investors still
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A tax cut could slow foreign outflows but is too small to restore India's lost foreign-investor momentum on its own.
Summary
Finance Minister Nirmala Sitharaman said the government will consider changes to taxes on stock investments as a prolonged equity-market slump weighs on investor confidence.
The government is signaling that equity taxation could be adjusted to support a weak market,
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Potential tax relief could improve investor sentiment, but the market will focus on the details and timing of any change.
Summary
Foreign portfolio investors have reduced their holdings in nearly 70% of India's leading companies, with banks and IT firms among those reaching multi-year ownership lows. A few companies have seen modest increases, but foreign participation remains historically subdued.
The decisive shift is a broad retreat in foreign ownership, not an isolated rotation among
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Lower foreign participation can weaken a key source of equity capital and increase market sensitivity to domestic flows.
Summary
Public-sector banks have pushed one-year certificate of deposit rates above 8% as tighter liquidity and higher Treasury bill yields raise their funding costs. Banks have increased CD issuance, while expectations of further policy tightening suggest rates could rise further.
The move shows that funding stress is already reaching wholesale bank markets, even before any
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Rising CD yields are an early signal that tighter liquidity is transmitting into the broader cost of credit.
Summary
Banks are raising deposit rates as system liquidity tightens and credit demand increases. Bank of India has lifted rates across several maturities, including a special 500-day deposit, after liquidity fell sharply from its early September peak.
The deposit repricing shows that the RBI's rate hike is passing through the funding market
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Higher deposit rates will raise banks' liability costs and reshape competition for household savings.
Summary
IndiGo, BPCL, HPCL and Indian Oil rose as crude prices fell below $105 a barrel for a second session amid US-Iran peace talks. ONGC and Oil India declined because lower prices reduce the value of their upstream production.
The market is separating companies by exposure to crude rather than treating the oil move
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The direction of crude will reshape earnings expectations across India's transport, refining and exploration sectors.
Summary
The rupee strengthened 12 paise to 94.72 against the dollar in early trading, supported by softer crude prices and foreign fund inflows into Indian equities. Domestic stocks also gained, although a firmer dollar and political uncertainty in the United States kept investor sentiment cautious.
Lower crude prices and renewed equity inflows are providing immediate support to the rupee after
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The rupee's rebound offers short-term relief on imported inflation and external financing, but it is not yet a durable trend.
Summary
The rupee closed nearly unchanged at 94.90 after trading between 95.03 and 94.69. Falling oil prices and a weaker dollar provided support, but stronger dollar demand and election-related uncertainty offset it, while foreign portfolio investors bought ₹3,114 crore of Indian assets.
The rupee's failure to gain from cheaper oil and a softer dollar shows that local
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Persistent dollar demand can keep pressure on India's imported inflation, corporate costs and external financing conditions.
Summary
Marico reported a 31% year-over-year increase in second-quarter net profit to Rs 550 crore, while revenue rose 12% to Rs 3,897 crore. Margin improvement and strong volume growth led Jefferies, Systematix and Dolat Capital to maintain or upgrade Buy ratings and raise target prices.
The results strengthen the case that Marico is converting demand into profitable growth rather than
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Marico has moved from a recovery story toward a premium growth narrative, increasing both investor interest and performance expectations.
Summary
Marico reported a 31% increase in profit and 13% growth in consolidated revenue, supported by strong volume growth in India and international markets. The company warned that geopolitical tensions and adverse weather are raising input costs and could increase inflationary pressure, particularly in rural markets.
Strong volumes are currently offsetting cost pressure, but Marico's margin outlook now depends on how
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Marico's results show that consumer-goods demand remains resilient, while rising commodity costs threaten to make growth more expensive.
Summary
ITC shares rose 2% after second-quarter net profit fell 18.5% year over year, pressured by higher taxes and weaker cigarette earnings. Strong FMCG performance kept brokerages including Jefferies, Nuvama, Emkay and DAM Capital positive, with target prices ranging from Rs 300 to Rs 355.
The market is looking past the earnings decline because ITC’s FMCG business is gaining momentum
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ITC’s valuation increasingly depends on whether FMCG growth can become large enough to counter weakness and taxation in cigarettes.
Summary
ITC’s standalone net profit fell 20% in the September quarter despite a 45% increase in revenue, as higher cigarette taxes forced the company to absorb part of its price increases. Its non-cigarette businesses delivered their strongest revenue growth in 14 quarters, though inflation and geopolitical pressures remain headwinds.
Higher tobacco taxation is weakening the profitability of ITC’s core cigarette business even as reported
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ITC’s results show how fiscal policy can overwhelm topline growth in a dominant consumer business.
Summary
Coal India is preparing an initial public offering of its subsidiary Mahanadi Coalfields, potentially as early as this month, according to people familiar with the matter.
A Mahanadi Coalfields listing would give the government a major privatization transaction while creating a
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The IPO could become a large source of government funding and reset valuations for India's listed coal businesses.
A curated list of other prominent stories from this day.
ideaForge returned to profit in the second quarter, reporting net income of Rs 6.46 crore as revenue rose 124% year-on-year to Rs 91.29 crore. Improved operating performance and progress in defense technology supported the stock's rally.
11:58 PMEconomic Times
Eight brokerages selected 58 stocks for their Diwali 2026 portfolios across banking, technology, defense, automobiles and hospitality. Eternal, L&T and Indian Hotels appeared in four portfolios each, while Kotak Mahindra Bank appeared in three.
11:54 PMEconomic Times
The Sensex gained nearly 730 points and the Nifty 50 rose more than 190 points, adding about Rs 4 lakh crore to total market capitalization. Expectations of possible long-term capital gains tax changes and falling oil prices helped drive the rally.
11:32 PMEconomic Times
The Nifty has declined over the past year as foreign investor outflows and higher crude prices pressured Indian equities. A year-end recovery could follow if corporate earnings improve and domestic investors maintain support, but geopolitical risks and volatility remain obstacles.
11:05 PMEconomic Times
SFC Environmental Technologies shares opened nearly 8% above their IPO price after the issue was subscribed 9.47 times. Qualified institutional buyers subscribed 18.81 times, while the company plans to use the proceeds to repay borrowings and fund working capital.
10:54 PMEconomic Times
Wiscon Industries is set to list on the BSE SME platform after its Rs 110 crore IPO received 88% overall subscription. The consumer electronics supplier plans to fund subsidiary expansion, working capital and marketing, following revenue growth to Rs 73.39 crore in FY26.
10:41 PMEconomic Times
BLS Polymers shares listed at a 65% premium to their IPO price after the Rs 255 crore issue was subscribed 241 times. Strong demand across investor categories and a 45% grey-market premium had signaled expectations of substantial listing gains.
10:37 PMEconomic Times
Jubilant Pharmova plans to raise ₹800 crore through its first domestic bond issue, comprising a ₹400 crore base size and an equal greenshoe option. The proceeds will fund capital expenditure and expansion, with mutual funds and asset managers expected to provide most of the demand.
8:06 PMEconomic Times
Indian equities are set for a stronger open after a rally led by large-cap stocks, particularly Reliance Industries. Foreign portfolio investors bought ₹3,115 crore while domestic institutions sold ₹392 crore, and the rupee weakened 10 paise to 94; Nifty support stands at 23,200, with resistance at 23,500 and 23,700.
7:30 PMEconomic Times
A correction in gold prices has increased store visits and wedding-related advance bookings ahead of Dhanteras. Jewellers expect sales to rise 10% to 12%, with customers favoring lightweight jewellery and lower-karat gold to control spending.
7:00 PMEconomic Times
Irdai has tightened rules governing employee stock option plans and share transfers at insurance companies. Senior executives and directors need approval to exceed prescribed ownership limits, while insurers must track direct and indirect allotments.
2:34 PMEconomic Times
Aditya Birla Lifestyle Brands, which owns Louis Philippe, Van Heusen, Allen Solly and Peter England, recorded flat like-for-like sales growth in September, down from 5.3% in the second quarter of FY27. The slowdown comes as recent price increases begin to affect sales more fully in the December quarter.
2:24 PMEconomic Times
Insurance companies, pension funds and development finance institutions are increasing allocations to private credit. New funds have secured substantial institutional commitments, including more than $700 million for Ascertis Credit's fourth fund, while annual investment opportunities are estimated at around ₹1 lakh crore.
1:51 PMEconomic TimesSummary
ideaForge returned to profit in the second quarter, reporting net income of Rs 6.46 crore as revenue rose 124% year-on-year to Rs 91.29 crore. Improved operating performance and progress in defense technology supported the stock's rally.
The results show that order conversion is beginning to translate into revenue and profits for
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
ideaForge is moving from a defense growth narrative toward proof of commercial scale and earnings durability.
Summary
Eight brokerages selected 58 stocks for their Diwali 2026 portfolios across banking, technology, defense, automobiles and hospitality. Eternal, L&T and Indian Hotels appeared in four portfolios each, while Kotak Mahindra Bank appeared in three.
The concentration of recommendations in a small group of companies reflects broad consensus around large,
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The list shows where institutional consensus is forming, but consensus itself can raise crowding and valuation risk.
Summary
The Sensex gained nearly 730 points and the Nifty 50 rose more than 190 points, adding about Rs 4 lakh crore to total market capitalization. Expectations of possible long-term capital gains tax changes and falling oil prices helped drive the rally.
The rally reflects a sharp repricing of two policy and macro risks: equity taxation and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The move shows how policy expectations and crude prices are currently driving Indian equities as much as company fundamentals.
Summary
The Nifty has declined over the past year as foreign investor outflows and higher crude prices pressured Indian equities. A year-end recovery could follow if corporate earnings improve and domestic investors maintain support, but geopolitical risks and volatility remain obstacles.
The market's next direction will turn on earnings rather than seasonal optimism. Early signs of
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A year-end rebound is possible, but it will need earnings confirmation rather than liquidity alone.
Summary
SFC Environmental Technologies shares opened nearly 8% above their IPO price after the issue was subscribed 9.47 times. Qualified institutional buyers subscribed 18.81 times, while the company plans to use the proceeds to repay borrowings and fund working capital.
The premium listing and heavy institutional demand validate investor interest in environmental infrastructure businesses. Debt
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SFC's listing shows that targeted environmental businesses can still attract capital when their use of proceeds supports both deleveraging and growth.
Summary
Wiscon Industries is set to list on the BSE SME platform after its Rs 110 crore IPO received 88% overall subscription. The consumer electronics supplier plans to fund subsidiary expansion, working capital and marketing, following revenue growth to Rs 73.39 crore in FY26.
The relatively incomplete subscription signals more selective demand than the oversubscribed SME offerings dominating the
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Wiscon's debut will test whether SME investors still reward growth stories without the extreme demand seen in hotter issues.
Summary
BLS Polymers shares listed at a 65% premium to their IPO price after the Rs 255 crore issue was subscribed 241 times. Strong demand across investor categories and a 45% grey-market premium had signaled expectations of substantial listing gains.
The listing confirms exceptionally strong speculative demand for the issue, but the premium also raises
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
BLS Polymers demonstrates the strength of India's IPO appetite, while warning that demand can push valuations far ahead of fundamentals.
Summary
Jubilant Pharmova plans to raise ₹800 crore through its first domestic bond issue, comprising a ₹400 crore base size and an equal greenshoe option. The proceeds will fund capital expenditure and expansion, with mutual funds and asset managers expected to provide most of the demand.
The bond issue gives Jubilant Pharmova a direct route to fund expansion without relying solely
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The issue signals that Indian companies are using deeper domestic debt markets to finance growth.
Summary
Indian equities are set for a stronger open after a rally led by large-cap stocks, particularly Reliance Industries. Foreign portfolio investors bought ₹3,115 crore while domestic institutions sold ₹392 crore, and the rupee weakened 10 paise to 94; Nifty support stands at 23,200, with resistance at 23,500 and 23,700.
Foreign buying is providing the immediate fuel for the market’s advance, while domestic selling and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The market’s near-term direction hinges on whether foreign inflows can overcome domestic profit-taking and currency weakness.
Summary
A correction in gold prices has increased store visits and wedding-related advance bookings ahead of Dhanteras. Jewellers expect sales to rise 10% to 12%, with customers favoring lightweight jewellery and lower-karat gold to control spending.
Lower prices are restoring purchase volumes, but consumers remain highly price conscious. The shift toward
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Jewellers may see stronger festive volumes while margins and average ticket sizes remain under pressure.
Summary
Irdai has tightened rules governing employee stock option plans and share transfers at insurance companies. Senior executives and directors need approval to exceed prescribed ownership limits, while insurers must track direct and indirect allotments.
The new rules shift ownership compliance from a transaction-level check to an ongoing monitoring obligation.
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Insurers face tighter controls over executive ownership, ESOP design and the movement of voting stakes.
Summary
Aditya Birla Lifestyle Brands, which owns Louis Philippe, Van Heusen, Allen Solly and Peter England, recorded flat like-for-like sales growth in September, down from 5.3% in the second quarter of FY27. The slowdown comes as recent price increases begin to affect sales more fully in the December quarter.
Growth has stalled just as the company needs festive demand to validate higher prices. Consumers
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The results will test whether India’s branded apparel market can absorb price increases without renewed discounting.
Summary
Insurance companies, pension funds and development finance institutions are increasing allocations to private credit. New funds have secured substantial institutional commitments, including more than $700 million for Ascertis Credit's fourth fund, while annual investment opportunities are estimated at around ₹1 lakh crore.
Private credit is moving from a niche alternative asset class toward a larger institutional funding
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Institutional backing can deepen corporate credit markets while increasing the system's exposure to private debt risk.
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