AI-curated · From 40+ sources · 12 stories
Indian benchmark Nifty 50 surged to a record high on Monday, led by gains in IT heavyweights like Infosys, TCS and Wipro. Analysts point to softer US inflation data and a dovish Fed commentary as the primary catalyst. Bank Nifty, however, traded flat amid profit booking in financial names. Foreign portfolio investors net bought ₹2,840 crore worth of equities.
Bitcoin breached the psychologically important $95,000 mark for the first time in 2026, propelled by record inflows into US spot Bitcoin ETFs and a wave of corporate treasury allocations. BlackRock's IBIT alone has crossed $60B in AUM. Ether and Solana followed with 4-6% gains.
Reliance Industries reported a consolidated net profit of ₹19,878 crore for Q2, up 18% year-on-year, beating Bloomberg consensus estimate of ₹18,400 crore. Revenue from operations grew 9% to ₹2.6 lakh crore, driven by strong performance in the consumer businesses and a recovery in O2C margins.
The Reserve Bank of India's Monetary Policy Committee voted 5-1 to keep the repo rate steady at 6.5% for the ninth consecutive meeting. Governor Sanjay Malhotra retained the 'neutral' stance, citing balanced risks to inflation and growth. Bond yields fell 4 basis points on the announcement.
Swiggy's ₹11,327 crore IPO closed with 3.6x subscription on the final day of bidding. The retail individual investor segment was subscribed 4.2x while the qualified institutional buyer portion was subscribed 2.8x. The price band is fixed at ₹371-390 per share, with a lot size of 38 shares.
Brent crude futures fell 1.9% to $78.40 per barrel after China's industrial production data missed expectations. Indian OMC stocks like BPCL and HPCL gained on hopes of lower input costs.
Spot gold held steady at $2,718 per ounce ahead of the US consumer price index release. Traders are pricing in a 70% probability of a 25-bps Fed rate cut in December. Silver outperformed, gaining 1.2% to $33.10.
Capital markets regulator Sebi issued a circular raising the minimum contract size for index derivatives to ₹20 lakh from the current ₹15 lakh. The move aims to reduce retail losses in F&O trading which have crossed ₹1.5 lakh crore in the last three years.
HDFC Bank reported Q2 net interest income of ₹30,420 crore, up 7.8% year-on-year. Advances grew 5.2% while deposits rose 6.1%. Asset quality remained stable with gross NPA at 1.34%.
Solana's on-chain DEX volumes hit $42 billion last week, edging past Ethereum's $39 billion. The growth is attributed to a wave of memecoin activity and the rise of AI-themed tokens on Pump.fun.
NTPC Green Energy's ₹10,000 crore IPO will open for subscription on November 19 with a price band of ₹102-108 per share. The issue is entirely a fresh offer and the company will use proceeds to fund renewable energy projects.
European indices ended mixed on Friday as investors weighed mixed corporate earnings against expectations for a slower pace of ECB rate cuts. Stoxx 600 closed flat while DAX gained 0.3%.