Key Highlights:
– India’s initial public offering (IPO) market is poised for a blockbuster November, with over Rs 76,000 crore (≈ US$8.57 billion) worth of issues expected across sectors including technology, renewables, healthcare and consumer.
The Nifty 50 index’s performance during November over the past decade has been evenly divided — it closed higher in five of the last ten Novembers and lower in the remaining five — yet the average return over that period was a modest positive 1.6%.
Shares of Tata Investment Corporation Ltd. (Tata Investment) experienced a noticeable drop following the company’s 1:10 stock split announced for 14 October 2025 as the record date. The split converted each share of face value Rs. 10 into ten shares of face value Re. 1.
Shares of Navin Fluorine International Ltd (NFIL) surged nearly 15% to touch a record high of Rs.5,729, following the company’s stellar performance in the September 2025 quarter. The chemical major reported a 152% y-o-y rise in consolidated net profit to Rs.148 crore, compared to Rs.58.8 crore in the same period last year.
Acquisitions & Investments:
– IRM Holding subsidiary India Insure will acquire 100% stake in Safe Risk Insurance Brokers Pvt. Ltd. through a cash and equity structure, pending IRDAI approval.
– Indegene approved an investment of EUR 8.5 million in its wholly owned subsidiary in Ireland to strengthen operations.
SunTeck Realty acquired a land-holding firm, Shreejikrupa Hotels & Properties Pvt. Ltd., in Andheri for Rs. 100 cr through its subsidiary Apricum Buildwell Pvt. Ltd.
Welspun Corp delivered stellar execution with its highest-ever quarterly performance and strong balance sheet improvement.
Revenue stood at Rs. 4,409 cr, up 31% YoY and 23% QoQ.
EBITDA came in at Rs. 626 cr, up 36% YoY and 12% QoQ, while PAT rose 53% YoY and 26% QoQ to Rs. 440 cr.
The firm turned net-debt-free, supported by a robust order book of Rs. 23,500 cr across line pipes, DI pipes, and stainless steel bars.
Business Standard
– RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step
– SBI Card to charge 1% on wallet top-ups, app-based education payments
– IntrCity SmartBus secures ₹250 crore as India’s intercity travel booms
– Cipla’s global CEO Umang Vohra to step down, COO Achin Gupta to take over
– Exide Industries delays board meet as I-T department surveys offices
NIFTY OUTLOOK: 25,877.85 FII: -3,077.59 cr DII: 2,469.34 cr
As discussed yesterday, market behaviour remained on the expected lines during the session, as Nifty failed to surpass its previous resistance and slipped near our support level of 25,850, making a day low of 25,845.
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