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JM Financial reported a 16% increase in consolidated profit to Rs 270 crore for the September quarter of FY26, despite a drop in total income. The company also declared an interim dividend of Rs 1.50 per equity share.

The Bank of England s Monetary Policy Committee voted 5-4 to maintain the Bank Rate at 4.0%, citing a diminished risk of persistent high inflation. Despite the hold, a narrow vote and Governor Bailey s cautious optimism suggest a potential rate cut in December, influenced by upcoming economic data and the government s budget.

Zydus Lifesciences plans to raise Rs 5,000 crore via share sales. This move aims to reduce debt and boost future expansion. Funds will support R&D, international market growth, and new specialty product launches. The company reported strong profit and revenue growth in the second quarter.

Godrej Properties reported a record second-quarter net profit of Rs 405 crore, a 21% year-on-year increase. The company s booking value surged 64% to Rs 8,505 crore, driven by strong sales across multiple cities and the launch of 12 new projects. This performance positions them well to exceed their annual booking value guidance.

Nifty closed lower for the second consecutive day, impacted by selling in financials, metals, and realty stocks, and fell below the 21-EMA, signaling weakness. Analysts suggest a potential trend reversal if the index holds above 25,450, otherwise, further weakening is anticipated. Five stock recommendations for Friday include Astral, Dabur India, Varroc Engineering, Aarti Industries, and Sundaram Finance.

Wall Street s main indexes opened lower on Thursday, as investors digested a slate of corporate earnings, while concerns around U.S. tariffs, surging valuations and mixed economic data kept investors on edge.

Societe Generale acquired over 31.61 lakh shares of RBL Bank for Rs 101 crore. This comes as Mahindra & Mahindra sold its entire 3.45% stake for Rs 678 crore, marking a 62.5% gain. RBL Bank shares saw significant trading volumes and hit a 52-week high. Emirates NBD Bank proposed an open offer to acquire a 26% stake in RBL Bank.

Bajaj Auto s subsidiary is set to acquire a significant stake in Pierer Bajaj AG. This move involves purchasing 24,000 shares for over 24 million Euro. The acquisition will make Pierer Bajaj AG a wholly-owned subsidiary of Bajaj Auto s international holdings arm. This strategic step is expected to strengthen Bajaj Auto s control over its international operations and brands like KTM.

India s second largest IT services company Infosys has fixed the record date for its Rs 18,000 crore share buyback on November 14. The buyback proposal was approved by the shareholders with overwhelming majority of 98.81%.