Lenskart IPO GMP: At a price band of Rs 382-402 per share, the company seeks a valuation of around Rs 70,000 crore.
Swiggy share price: Global brokerage CLSA gave an 'Outperform' call with target price of Rs 493 per share and said Q2 has been 'mixed' with Instamart's margin gains but slower order growth
Asian markets traded higher, with South Korea’s Kospi and Japan’s Nikkei 225 posting gains.
Indian markets opened lower on October 31 amid weak global cues, FII selling. The Nifty 50 opened under 25,900, while the Sensex flat in the red.
ASPHL is adding inventory at a healthy pace and has a strong balance sheet with zero net debt
Nifty failed to hold the 25,900 mark, slipping 176 points as nearly 40 stocks ended in the red. Pharma stocks led the drag, with all sectoral indices closing lower and financials and healthcare among the worst hit. Despite the weakness, midcap and smallcap indices outperformed the benchmark with marginal losses. Meanwhile, Lenskart’s Rs 7,278 crore IPO opens today. This morning, global cues were mxed. US markets ended lower overight as investors digested batch of big tech earnings. Meanwhile, Asia-Pacific markets started the day largely higher as US reached trade deal with China, prompting Japan's Nikkei 225 and South Korea's Kospi at record high levels. Catch Lovisha Darad in conversation with Raja Venkatraman, Co-Founder, NeoTrader & Trading Influencer and Anshul Saigal, Market Expert.
A sharp pause follows months of heavy action in the SME lane, as timelines reset and issuers regroup after September’s listing frenzy.
Domestic conditions support another rate cut by the RBI. For markets to wear a bigger smile, however, much depends on this one source of funds delivering the goods
Lenskart IPO shares are expected to be allotted to investors by November 6, while the listing is scheduled to take place on both NSE and BSE on November 10.
October’s tally surpassed the previous record set in October 2024, when 6 IPOs raised Rs 38,690 crore. The third-highest month remains November 2021, which saw 9 IPOs raising Rs 35,665 crore, followed by November 2024 with 8 IPOs raising Rs 31,145 crore
GIFT Nifty hinted at a flat-to-positive start for Indian markets on Friday, with investors eyeing global cues, rupee movement, and key Q2 earnings.
MSCI’s regional stocks index climbed 0.6% at the open, with Japanese shares leading the charge. Apple shares rose in late trading after the company beat revenue estimates and offered a bullish holiday forecast.
MTAR Technologies share price | The company bagged an order of Rs 263.54 crore from an international customer.
Bharat Electronics Share Price |
The Foreign Institutional Investors (FIIs) extended their selling on second day as they sold of Rs 3150 crore on October 30. However, the Domestic Institutional Investors (DIIs) continued their buying on sixth consecutive session as they bought equities of Rs 2577 crore on the same day.
Following another cut in the federal funds rate, Stefan Hofer believes the Federal Reserve could move again in December with an additional rate cut—especially if lower tariffs help ease inflationary pressures.
Bharat Electonics, Eicher Motors, Shriram Finance, L&T, TCS were among major gainers on the Nifty, while losers were Cipla, Eternal, Max Healthcare, NTPC, Interglobe Aviation. Among sectors, PSU Bank index rose 1.5%, while power, metal, media shed 1% each and IT, private bank, healthcare index down 0.5% each. BSE Midcap index slipped 0.5% and Smallcap indices down 0.4%.
Until the Nifty 50 achieves a decisive breakout and sustains above 26,100 — the key hurdle — consolidation amid rangebound trading may continue, with immediate support in the 25,800–25,700 zone.
The market is expected to consolidate further amid range-bound trading before finding firm direction. Below are some short-term trading ideas to consider.
Stocks to Watch, 31 October: Stocks like ITC, DLF, Dabur India, Swiggy, Bandhan Bank, United Spirits, TD Power Systems, Manappuram Finance, Gillette India, Welspun Corp, LT Foods, Lodha Developers, Pidilite Industries, Motilal Oswal Financial Services, Datamatics Global Services, Navin Fluorine International, and Reliance Industries will be in focus on October 31.
If the Nifty 50 stays below 26,000, the consolidation may continue with support at 25,800–25,700, followed by 25,500 as a crucial support level. However, climbing decisively above 26,000 can open the door for the 26,100–26,300 zone, according to experts.
Lenskart Solutions IPO | The Gurugram-based eyewear products company is issuing fresh shares worth Rs 2,150 crore, while promoters and investors will be selling 12.75 crore shares worth Rs 5,128 crore via offer-for-sale route.
The company said it has clear visibility on commercial operation dates for projects scheduled over the next three years, indicating strong execution momentum.
DIIs purchased shares worth Rs 14,827 crore and sold shares worth Rs 12,357 crore. In contrast, FIIs bought shares worth Rs 9,350 crore but sold shares totalling Rs 12,428 crore.
Lodha said that organized branded developers have 'unprecedented opportunity' in the country because of low homeownership, rising household incomes and low mortgage rates along with improving affordability