Groww IPO Subscribed 57x on Day 1
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🗞️ Groww IPO garners 57x subscription on Day 1
Groww’s IPO received an overwhelming 57x subscription on its first day, with retail demand driving the massive over-subscription. The grey market premium (GMP) has surged, indicating strong investor confidence in the fintech space.
💬 Expert Take — “The sheer retail demand for Groww signals a continued bullish sentiment for fintech, but the pricing will be a key factor post-listing.”
🗞️ Adani Enterprises Q2 PAT surges 84%
Adani Enterprises posted a massive 84% YoY rise in profit to ₹3,199 crore for Q2 FY26. The board also approved a ₹25,000 crore rights issue to fund new projects and reduce debt, signaling confidence in the company’s growth trajectory.
🗞️ MSME exporters to get 2-5% interest relief
The government plans to offer 2-5% interest relief to MSME exporters, providing much-needed support amid the global slowdown and rising operational costs.
💬 Expert Take — “This initiative will be crucial in bolstering India’s export competitiveness, especially in the face of international trade headwinds.”
🗞️ MM Q2 profit up 16% to ₹3,673 crore
MM reported a 16% rise in Q2 profit, reaching ₹3,673 crore, aided by strong performance in its automotive and finance divisions.
🗞️ Orkla India IPO to list at 10% premium
Analysts expect Orkla India to list at a 10% premium on November 6, with strong demand from retail investors in its IPO despite volatile market conditions.
🗞️ Tenneco Clean Air IPO to raise ₹3,600 crore
Tenneco Clean Air plans to launch an IPO on November 12, raising up to ₹3,600 crore through an OFS (Offer for Sale).
🗞️ Tata Group stock jumps after strong profit growth
Tata Group stocks jumped 59% YoY following a solid earnings report that boosted investor sentiment across its subsidiaries.
🗞️ Petroleum exports down 21% in October
Petroleum product exports fell 21% in October, reflecting global supply chain constraints and shifting demand dynamics.
📊 Market Update
📉 Sensex: 83,459.15 ▼ 519.34 pts (-0.62%)
📉 Nifty 50: 25,597.65 ▼ 165.70 pts (-0.64%)
💱 USD/INR: 88.26
🪙 Gold (per gram, Pune): 24K ₹12,148 ▼ ₹98 | 22K ₹11,135 ▼ ₹90
🥈 Silver (per kg): ₹1,50,500 ▼ ₹500