Swiggy Plans ₹10,000 Cr Fundraise
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🗞️ Swiggy ropes in advisors for ₹10,000 crore fundraise
Swiggy has appointed three advisors to raise up to ₹10,000 crore, ahead of its anticipated IPO. The food delivery major is reportedly seeking long-term backers to strengthen its financial position.
💬 Expert Take — “Swiggy’s timing is strategic — strong market liquidity and improving profitability could make this its most opportune fundraising window yet.”
🗞️ Mutual fund assets cross ₹70 lakh crore
India’s mutual fund industry has surpassed ₹70 lakh crore in AUM, driven by growing retail participation from Tier-2 and Tier-3 cities. SIP inflows continue to hit record highs as investors embrace long-term wealth creation.
🗞️ CII urges creation of India Development & Strategic Fund
The Confederation of Indian Industry (CII) has recommended setting up an India Development & Strategic Fund to finance large-scale growth projects, enhance infrastructure, and accelerate private sector investments.
🗞️ Lenskart makes volatile market debut
Lenskart had a muted stock market debut, opening below issue price but later recovering marginally. Analysts expect short-term volatility before institutional stability sets in.
🗞️ PhysicsWallah IPO opens tomorrow
The PhysicsWallah IPO is set to open on November 5, with a total issue size of ₹3,480 crore. Analysts remain neutral as grey market premiums decline slightly amid cautious sentiment.
🗞️ Nykaa Q2 profit jumps 154% YoY
Nykaa reported a 154% YoY surge in net profit for Q2 FY26, driven by robust festive demand and a diversified beauty and fashion portfolio. Shares rose 3.7% post-earnings.
🗞️ Bajaj Finance Q2 profit up 22% YoY
Bajaj Finance reported a 22% YoY rise in consolidated profit to ₹4,875 crore, driven by loan book growth, though it slightly missed street estimates.
🗞️ Markets rebound after 3-day fall
Markets snapped a three-day losing streak on the back of firm global cues and FII inflows. IT, banking, and auto stocks led the recovery.
📊 Market Update
📈 Sensex: 83,535.35 ▲ 319.07 pts (+0.38%)
📈 Nifty 50: 25,574.35 ▲ 82.05 pts (+0.32%)
💱 USD/INR: 88.25
🪙 Gold (per gram): 24K ₹12,382 ▲ ₹180 | 22K ₹11,350 ▲ ₹165
🥈 Silver (per kg): ₹1,57,000 ▲ ₹4,500