India Market Recap

Indian equity markets ended higher on Monday, with the Nifty gaining 0.23%, supported by buying in select heavyweight stocks. SBI and Trent led the rally, rising 2.5% and 2%, respectively. Broader markets remained mixed, although the Nifty Midcap 150 extended its gains for the second consecutive session, advancing 0.3%. The Sensex closed 107 points higher, up 0.31%, at 81,106.65. On the technical front, Nifty support is placed in the 24,775–24,850 zone, while immediate resistance is seen around 25,300–25,400.

US Market Recap

US equity markets closed lower on Tuesday, November 10, as stronger-than-expected October inflation data raised concerns about further monetary tightening by the Federal Reserve in December. Comments from Fed Governor Christopher Waller added to market anxiety, indicating the possibility of another rate hike while keeping the door open for a larger increase. The S&P 500 declined 0.38% to 7,520.93, the Dow Jones fell 0.30% to 52,231.89, and the Nasdaq Composite ended 0.74% lower at 25,065.87.

Asian Market Update

Asian markets traded on a mixed note on Wednesday, tracking overnight weakness on Wall Street amid renewed concerns over US inflation and the possibility of another Federal Reserve rate hike in December. Japan's Nikkei 225 declined 0.22%, while the broader Topix gained 0.52%. South Korea's Kospi slipped 0.48%, whereas Australia's ASX 200 edged up 0.04%, reflecting cautious investor sentiment across the region.

Commodity Check

Crude oil prices edged higher on Wednesday after witnessing a sharp correction in recent sessions, which briefly pushed prices below the $90-per-barrel mark. The recent decline was driven by technical selling and expectations of further de-escalation in the Iran conflict. Brent crude gained 0.87% to $92.28 per barrel, while West Texas Intermediate (WTI) advanced 0.66% to $86.62 per barrel as of 6:50 a.m. IST.

Stocks In News

• IIFL Finance: Approved a ₹6,414 crore preferential fundraise at ₹602/share, led by Blackstone's ₹5,000 crore investment. Blackstone will acquire a 15.57% fully diluted stake, while promoters and Anchorage Capital will also participate.
• Globus Spirits: Received Canteen Stores Department (CSD) approval for its DŌAAB India Craft Whisky – Single Malt, enabling distribution across CSD outlets nationwide.
• IRB Infra: Reported 26% YoY growth in gross toll revenue to ₹836 crore in October 2026.
• Bajaj Finance: Will issue ₹5,800 crore worth of warrants to promoter Bajaj Finserv, comprising 5.74 crore warrants at ₹1,010 per warrant.
• Tata Motors CV: Increased its shareholding in Iveco Group to 96.25% and will initiate a Dutch legal squeeze-out for the remaining shares. Trading in Iveco shares will be suspended.
• Gokaldas Exports: A client has filed for bankruptcy, exposing the company to receivables worth US$4.11 million.
• Sula Vineyards: Received a GST demand notice of ₹1.7 crore.
• GPT Infraprojects: Emerged as the L1 bidder for a ₹104 crore North Eastern Railway order for the supply of Electronic Interlocking systems.
• Apeejay Surrendra Park Hotels: Launched a 42-room hotel in Mathura, expanding its hospitality presence.
• Artson: Secured a ₹16 crore order from Tata Steel for supplying two dome and reformer shells.
• HLE Glasscoat: Received an international order worth US$42–48 million from a North American energy storage sector entity.
• Bondada Engineering: Incorporated a wholly owned subsidiary in the UAE to pursue international opportunities across renewable energy, battery energy storage systems, telecom and power infrastructure.
• MRF: Reported pressure on profitability due to higher raw material prices amid global uncertainties. Price hikes and cost-saving initiatives have partly mitigated the impact, although elevated commodity and logistics costs are expected to continue.
• Monarch Networth: Completed the first fundraise of its MNCL Compounder Fund.
• Jyothy Labs: Increased its buyback price to ₹240/share from ₹215/share, while reducing the buyback size to 61.2 lakh shares from 68.4 lakh shares.
• BHEL: Received relief as the Telangana tax authority dropped a tax demand of ₹207 crore.
• Bank of Baroda: Increased its Marginal Cost of Funds-based Lending Rates (MCLR) across tenures, with the one-year MCLR rising to 8.85% from 8.75%.
• Veegaland Developers: Approved the appointment of Dr. George Sleeba as Additional Director and Whole-time Director for a three-year term from November 10, 2026.
• Whirlpool of India: Implemented a price hike of approximately 5% effective November 1, 2026.
• Star Health: Received IRDAI approval for HDFC Mutual Fund schemes to acquire up to a 9.99% stake in the company.
• EPACK Prefab Tech: Rahul Agarwal ceased to be the company's Chief Financial Officer following his earlier resignation on July 15, 2026, due to personal reasons.
• Ashoka Buildcon: Received a Letter of Award (LoA) worth ₹866 crore for a National Highways Authority of India (NHAI) project.