Newgen Software shares jumped 16% in two sessions to ₹896.35 after reporting a 16% YoY rise in Q2 profit to ₹82 crore and an 11% revenue growth to ₹401 crore. ICICI Securities upgraded the stock to ‘Hold’, citing improved margins and steady performance.

SBI Mutual Fund has invested Rs 100 crore in Lenskart. This investment comes before the eyewear retailer s upcoming Initial Public Offering. Lenskart s IPO is scheduled to open on October 31, 2025. The company plans to use the funds for expansion and to strengthen its technology. Existing investors are also participating in pre-IPO transactions.

India’s IPO market is booming, with LG Electronics India’s $1.3 billion issue selling out in just 6.5 hours — the fastest in 17 years. Driven by strong domestic participation from mutual funds, insurers, and retail investors, India is nearing last year’s $21 billion record. However, sky-high valuations and massive oversubscriptions raise concerns of a market correction.

Gold prices have dropped about Rs 12,700, or 9.6%, from their record high of ₹1,32,294 per 10 grams on MCX, now trading near ₹1,19,605. The sharp correction has left investors debating whether it signals a deeper slump or a fresh buying opportunity.

PSU bank stocks have surged by Rs 2.3 lakh crore in two months, with the Nifty PSU Bank Index climbing nearly 20%. This rally, driven by potential FDI limit increases and improving fundamentals, has reignited debate on Dalal Street about its sustainability. While some see continued upside, others caution about future headwinds.

Indian shares edged higher on Wednesday, mirroring gains in Asian markets, as investors awaited the U.S. Federal Reserve s policy decision. The Sensex and Nifty both saw modest gains, with oil and gas stocks leading the sector advances. Markets are largely anticipating a 25-basis-point rate cut from the Fed.

Peyush Bansal, founder-CEO of Lenskart, is poised to become a billionaire if the eyewear retailer s shares reach Rs 510 post-IPO. He is set to receive Rs 824 crore by selling shares, retaining an 8.78% stake. Lenskart s IPO, valued at Rs 70,000 crore, opens October 31 to November 4.

Aditya Birla Capital shares: Advent International’s affiliate Jomei Investments has fully exited Aditya Birla Capital, selling its entire 2% stake, or 53.2 million shares, via a block deal at ₹308 per share for ₹1,639 crore ($186 million), a 1.5% discount to the previous close.

Apple briefly hit a $4 trillion valuation driven by strong iPhone demand and renewed investor optimism, joining Nvidia and Microsoft in the elite club despite lingering concerns over its AI strategy.

India’s leading helmet and two-wheeler accessories maker, Studds Accessories Ltd, is launching its Rs 455.49 crore IPO from October 30 to November 3 with a price band of Rs 557–585 per share. With strong FY25 profit growth and a dominant market share, it carries a “Subscribe” rating.