Latest Stock Market News

Eyewear retailer Lenskart and financial services firm Billionbrains are poised to raise a combined $1.7 billion through IPOs this month, bolstering India s booming stock market. Lenskart targets $900 million, while Groww s parent Billionbrains aims for $750 million, with listings expected by early November.

Swiss bank Julius Baer is facing substantial credit losses. This follows financing for real estate projects connected to Germany s now-insolvent Degag Group. The bank has filed claims for 48 million euros. This amount surpasses its 2023 profit in Germany. The situation is a setback for Julius Baer, which previously reported losses on loans to the collapsed property company Signa.

US-based Tryfacta Inc is planning to file draft papers for its initial public offering (IPO) by the end of this month to raise USD 100-150 million through a listing on the international exchanges at Gujarat International Finance Tec-City (GIFT City), according to people familiar with the development.

HCL Tech Q2 results: HCL Technologies announced its Q2 financial results. The company s net profit remained steady compared to last year. However, revenue from operations saw a significant increase of 11%. This performance met market expectations. The board also declared an interim dividend. Sequential growth in both profit and revenue was also reported.

HCLTech announced an interim dividend of Rs 12 per share, its 91st consecutive payout, alongside steady Q2 FY26 revenue growth of 11% YoY. While net income remained flat year-on-year, operating profit rose to Rs 5,550 crore. The company highlighted strong execution and demand for AI solutions, with new deal wins exceeding $2.5 billion.

Gold and silver surged to record highs as renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts fueled safe-haven demand. Analysts at UBS and Bank of America foresee further gains, with BofA targeting $5,000/oz for gold by 2026. Fed Chair Powell s upcoming speech will be closely watched for monetary policy cues.

Despite a 174-point slip in the Sensex on Monday, 10 BSE 500 stocks, including L&T Finance, SBI, and Bajaj Finance, hit new 52-week highs, signalling strong momentum.

Wall Street s main indexes opened higher on Monday following Friday s pullback, as investors returned to risk assets after President Donald Trump s softer tone eased concerns over renewed U.S.-China trade tensions.

Nine Nifty500 companies — including PTC Industries, CG Power, Radico Khaitan, and Bharat Electronics — have seen their EV/EBITDA ratios surge sharply over five years, signalling soaring valuations. While rising ratios reflect investor optimism and growth expectations, they also warn of overheating if earnings fail to catch up.