Day

November 10, 2025
Indian stock markets closed higher on Monday. The Sensex and Nifty saw gains, mirroring positive trends in Asian markets. Optimism grew as Washington neared a resolution to the US government shutdown. Investor sentiment was further boosted by strong quarterly earnings reports. This led to stock-specific rallies and an overall upward movement in the markets.
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The Indian rupee clung to a narrow range in touching distance of its all-time low on Monday, as a broadly softer dollar amid improved risk appetite globally offered little comfort to the currency in face of persistent interbank dollar demand.
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Goldman Sachs upgraded India to Overweight, setting a Nifty target of 29,000 by 2026. The brokerage cited strong earnings prospects and outlined four key investment themes driving future growth.
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BSE is set to report another strong quarter, with brokerages estimating a 46–64% YoY surge in profit to ₹506–₹529 crore for Q2FY26. Revenue growth of 36–41% is expected, driven by robust derivatives trading and steady cash market volumes.
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Lenskart’s muted stock market debut despite 20x oversubscription reflects overvaluation concerns, says Dharmesh Kant, Head of Equity Research at Cholamandalam Securities. Calling the eyewear brand’s IPO “overpriced,” he warned that a 50% correction is possible amid competition from Reliance’s Jio Frames. While the business remains strong, Kant believes unsustainable pricing leaves little upside for retail...
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India’s motorcycle sector saw robust growth in the second quarter of FY26. This surge was driven by recent Goods and Services Tax reductions and strong festive season demand. Higher-end motorcycle models performed exceptionally well, indicating a positive shift in consumer spending. Exports also reached record highs, showcasing broad-based international demand across various regions and product...
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Garden Reach Shipbuilders and Engineers shares surged up to 7% after the company posted strong Q2 and H1 FY26 results, supported by robust revenue growth, higher profitability, and a healthy order book. Management expressed confidence in sustaining growth momentum, backed by strong project execution and continued order visibility for the year ahead.
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Lenskart’s founder shared personal stories at the company’s listing ceremony. The eyewear brand began with challenges, including convincing people to join a ‘chashma ka company’. A teacher’s emotional reaction to new glasses highlighted the company’s purpose. Lenskart’s shares debuted with caution, but the company remains a significant player in India’s eyewear market. Its technology and...
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Goldman Sachs has upgraded India to ‘Overweight’, projecting Nifty at 29,000 by 2026, driven by policy support, earnings revival, improving foreign flows, and renewed optimism in domestic growth prospects.
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