BUSINESS
Shriram Finance shares jump again today; brokerages issue bullish targets after MUFG’s Rs 39,600-cr investment
Shriram Finance share price target: Brokerages now see up to 33 percent further upside in the stock, following MUFG Bank’s landmark Rs 39,600-crore investment for a 20 percent stake in the NBFC.
BUSINESS
Gold price to more than double, target $10,000; S&P 500 set for bold gains: wealth opportunity of the decade
Gold prices are likely to significantly more than double from here to hit $10,000 by the year 2029-end, according to market strategist Ed Yardeni. He has the same price target for S&P 500 as well, citing the long term identical trend for both asset classes.
BUSINESS
ICICI Prudential AMC IPO Day 3: Issue subscribed 39 times as QIB, NII books explode
ICICI Prudential AMC IPO: Qualified institutional buyers (QIBs) dominated the book on Day 3, with the category subscribed a staggering 67.86 times. NII segment also saw aggressive participation, with the category subscribed 20.6 times by 3 pm.
BUSINESS
HDFC Bank, IndusInd Bank shares slip after RBI clears HDFC group to hold up to 9.5% in IndusInd
The marginal fall in both bank stocks today comes after HDFC Bank said the RBI had approved the group to acquire up to a 9.5 percent stake in private sector lender IndusInd Bank.
BUSINESS
ICICI Prudential AMC IPO Day 2: Issue subscribed 2 times as NII, QIB demand accelerates
ICICI Prudential AMC IPO continues to see strong institutional support following its Rs 3,021.8-crore anchor book, with Day 2 trends pointing to broad-based participation across categories. With one more day of bidding remaining, investors will now track whether subscription levels build further into the close.
BUSINESS
IPO action today: ICICI Prudential AMC bidding enters day 2; check listings, allotments, open subscriptions
Shares of Wakefit Innovations Ltd are slated to list on the NSE and BSE today, while The ICICI Prudential AMC IPO enters its second day of bidding. Attention today also turns to IPO allotments for two healthcare companies.
BUSINESS
ICICI Prudential AMC IPO subscribed 72% on Day 1, QIB portion fully booked
ICICI Prudential AMC IPO: Retail investor participation continued to strengthen, with the category being subscribed 21 percent on Day 1.
BUSINESS
US Fed set to deliver third straight rate cut today, but all eyes on cues for 2026 policy path
While the quarter-point reduction in the policy interest rate is widely anticipated, some analysts anticipate a “hawkish cut”, where the US Fed lowers rates today but hints that the pace of easing may slow from here.
BUSINESS
Howard Marks warns AI boom mirrors classic bubble patterns, urges investors to stay measured
Howard Marks said the pattern of investor enthusiasm and capital flows into AI is typical: a revolutionary idea excites early adopters, enviable gains lure in the crowd, and prices begin to run far ahead of what is reasonably predictable.
BUSINESS
Adani Green Energy block deal: 1.7% equity stake sold for Rs 2,718 crore; TotalEnergies likely seller
TotalEnergies, through its investment vehicles, held a combined 18.99 percent stake in Adani Green Energy as of September 30. Market news on Tuesday suggested the French company intended to sell 2.47 crore shares worth about Rs 2,400 crore.
BUSINESS
IndiGo shares down 1.5% today, extend fall after 7-day selloff as crew shortage, regulatory scrutiny deepen crisis
IndiGo stock has now fallen for eight consecutive sessions, losing about 17 percent over the previous seven days and erasing more than Rs 37,000 crore in market value.
BUSINESS
ICICI Bank shares fall today, as lender moves to buy additional stake in ICICI Prudential AMC ahead of IPO
ICICI Bank said the transaction is aimed at maintaining its majority shareholding in ICICI AMC in the event of stock-based compensation being granted by the asset manager.
BUSINESS
IndiGo shares crash 9% as flight disruptions persist; DGCA flags planning lapses, demands CEO response today
InterGlobe Aviation stock fell around 9% after Delhi airport issued an early-morning advisory cautioning travellers that IndiGo disruptions were likely through the day, urging them to check flight status before heading to the terminal.
BUSINESS
Eternal block deal executed, Rs 1,535-crore worth of shares sold; shares fall 2.5%
Monday’s transaction extends a steady run of institutional activity in the counter, reflecting continued interest around Eternal following a sharp surge in its scale and ongoing developments in its quick-commerce business.
BUSINESS
RBI MPC Highlights: Interest rate cut 25 bps, Rs 1 lakh cr OMO and $5 bn swap unveiled; GDP forecast raised to 7.3%
The RBI cut the repo rate by 25 bps to 5.25 percent as was widely expected, announced Rs 1 lakh crore of OMOs and a 3-year dollar–rupee swap, and raised FY26 GDP growth forecast to 7.3 percent.
BUSINESS
Michael Burry explains why Palantir and Nvidia’s collapse will be worse than Nortel and Cisco in 2000
Michael Burry said the defining feature of today’s AI frenzy is a runaway capex cycle that resembles -- and even exceeds in several respects -- the fibre-optic and router boom of the late 1990s. Combined with thin monetisation and reflexive capex hype, the conditions are set for a sharper contraction than the Nortel-Cisco cycle.
BUSINESS
Meesho IPO opens: brokerages suggest ‘Subscribe’, but divided between scalable growth and profitability risks
Brokerages recommend subscribing to the Meesho IPO for long-term investors while noting meaningful risks -- profitability and competition. They cite Meesho’s dominant presence in value-driven e-commerce, strong network effects, improving contribution margins and scale efficiencies.
BUSINESS
Nomura sets Nifty target at 29,300 for end-2026, asks investors to stay selective as valuations cool
For investors positioning for 2026, Nomura recommends a bottom-up, selective approach -- avoiding narrative-driven, richly valued pockets while increasing exposure to underperforming exporters and exercising caution in areas with heavier government intervention.
BUSINESS
Nomura flags weakness as industrial growth hits 14-month low despite strong GDP; Trump tariffs blunt GST relief
Nomura's note citing the 14-low momentum in India's industrial production adds a layer of caution amid the strong GDP figures and GST relief. The increasing pressure from Trump tariffs is overshadowing the respite expected from the recent tax cuts.
BUSINESS
Tobacco stocks mixed, ITC in green as govt tables excise, cess bills; Rs 2,700-11,000 per 1,000 sticks levy on cigarettes
The government's excise duty proposals on cigarettes include a levy of Rs 2,700-11,000 per 1,000 cigarettes: Rs 3,000 per 1,000 cigarettes suggested for up to 65 mm filter sticks; and Rs 4,500 per 1,000 cigarettes for 65-70 mm sticks.
BUSINESS
SW Solar shares jump 5.5% as company announces Rs 1,381-crore Adani Green order, signs 5-year deal
Alongside the project award, Sterling and Wilson (SW Solar) signed a 5-year Strategic Partnership Framework Agreement with Adani Green Energy, aimed at future renewable energy rollout in India.
BUSINESS
Lenskart shares jump over 5% today after strong Q2 FY26 results in first earnings after IPO
Newly listed Lenskart Solutions Ltd posted a nearly 20 percent year-on-year rise in net profit to Rs 103.5 crore in Q2 FY26, compared to Rs 86.3 crore a year earlier. Sequentially, profit was also sharply higher than the Rs 61.2 crore reported in the previous quarter.
BUSINESS
Bank Nifty opens above 60,000 for first time ever; banking index extends sharp year-to-date outperformance
Monday’s historic high in Bank Nifty comes after a record-setting week for financial stocks. The banking index extended a powerful rally that has already pushed its year-to-date gains to 17.5 percent -- far ahead of the Nifty 50, which has risen 10.7 percent so far in 2025.
BUSINESS
Eureka Forbes stock jumps 8%, hits record high as brokerages highlight turnaround, multi-engine growth
Eureka Forbes management presented a multi-engine growth strategy spanning water, cleaning, air and softeners, backed by sharper product positioning and greater customer awareness efforts.
