Lenskart s IPO garnered immense investor interest, attracting bids exceeding Rs 1 lakh crore and subscribing 26.4 times. Strong demand from institutional buyers, HNIs, and retail investors underscored confidence in the eyewear retailer s growth potential and dominant market position, despite valuation concerns.

IndiGo Q2 Results: Aviation major IndiGo slipped into a loss of Rs 2,582 crore in the September quarter as against a profit of Rs 2,176 crore in the preceding June quarter. However, when compared with the year-ago period, the airline s loss widened from Rs 987 crore.

Brokerage house Angel One on Tuesday settled a case of alleged disclosure lapses with markets regulator Sebi by paying Rs 34.57 lakh.

The Indian rupee made a modest comeback, strengthening by 11 paise to reach 88.66 against the dollar as falling global crude oil prices offered some relief. Nevertheless, the strength of the dollar alongside the withdrawal of foreign investments kept the rupee in check. The domestic stock markets also faced a setback during this period.

Nifty and Sensex fell 0.64% each as IT, auto, and metal stocks dragged markets. Key movers included Hitachi Energy, Thangamayil Jewellery, 3M India, City Union Bank, and Hero MotoCorp.

Even as the Sensex fell 519 points to 83,459, nine BSE 200 stocks including Shriram Finance, SBI, Bharti Airtel, and Titan touched new 52-week highs, signaling strong bullish momentum.

Market expert Neeraj Dewan expects the next leg of the market rally to be driven by PSU banks, telecom, cement, and value retail, backed by improving earnings and policy support. He remains bullish on Bharti Airtel, Jio, and SBI, sees cement correction as a buying opportunity, and predicts a broader midcap recovery as corporate results strengthen.

Adani Enterprises, the flagship Adani Group company, announced on Tuesday, November 4, that its board has approved raising up to Rs 25,000 crore through a rights issue of partly paid-up equity shares with a face value of Re 1 each.

ICICI Direct’s Dharmesh Shah expects the Nifty to retest record highs of 26,300 by December 2025, advising investors to buy on dips as the market consolidates healthily. He sees PSU banks and midcaps leading the next rally, with Union Bank of India as a top pick, targeting ₹168. Strong support for Nifty lies near 25,400.

Nifty closed at 25,597.65, down 165.70 or 0.64% while the 30-stock Sensex settled at 83,459.15, falling 519.34 points or 0.64%.