Equity mutual funds saw a strong October, with nearly 9% returns driven by sectoral and thematic funds. Benchmark indices Nifty50 and BSE Sensex also rallied significantly. This performance follows a muted September, with positive earnings season and supportive macro factors bolstering market sentiment.
Navin Fluorines shares surged up to 15% to a record Rs 5,729 after the company reported strong Q2FY26 results. Net profit jumped 152% to Rs 148 crore, while revenue rose 46% to Rs 758 crore. Robust margins, solid segmental growth, and fresh capex plans further strengthened investor confidence.
Dabur India's shares dipped after the release of Q2FY26 results, even as net profit climbed 6.5% compared to last year. Revenue growth was promising, supported by robust performance across multiple categories and expansion in its international sector. Alongside, the company confirmed an interim dividend payout.
Market sentiment remains optimistic despite index struggles, with dips seen as buying opportunities. Investors are advised to focus on growth-oriented segments like banking, metals, and mid/smallcaps, which have shown strong performance. The analysis suggests a constructive setup for continued upward movement.
Lenskart, India's leading eyewear retailer, launched its Rs 7,278 crore IPO today, aiming to expand its omnichannel presence. With strong financial turnaround and a growing market, the company is poised for significant growth. Analysts suggest a long-term investment opportunity despite rich valuations, citing its integrated supply chain and brand strength.
House Democrats' latest plan includes a state motor fuel sales tax, using interest from the states road fund, a sales tax increase in the Chicago metro area and a sharp increase in tolls on the Illinois Tollway.
Longtime CBS Mornings co-host Gayle King may not be greeting viewers with her signature smile next year, as the network ponders reassigning her elsewhere.
US equity futures climbed as strong earnings from Apple and Amazon fueled a post-market tech rally, offering a reprieve after Thursday's sharp selloff. Despite a brief boost from tech giants, concerns linger over the massive AI spending and its potential returns, leading to a cautious outlook for the market.
India's IPO market anticipates a blockbuster November, with over 76,000 crore in public issues expected across various sectors. This surge is driven by a strong Q4 trend, a rebound in the secondary market, and the urgency to comply with US financial statement regulations before year-end.
