The market cap to sales ratio reveals how much investors pay for each rupee of a company’s sales, helping assess valuation. A lower ratio may signal undervaluation, while a higher one could indicate overvaluation compared to industry peers.

InterGlobe Aviation, operator of IndiGo, is expected to report a mixed Q2 performance as seasonal softness impacts profitability. Brokerages estimate revenue between Rs 17,646–19,148 crore, with divergent profit views ranging from losses to moderate gains, driven by stable demand and expanding global routes.

Wall Street kicked off November on firmer ground on Monday, driven by optimism around AI demand with OpenAI and Amazon striking a $38 billion deal, while Kenvue shares soared after Kimberly-Clark s buyout deal.

Nifty ended higher after rebounding from lower levels, closing above 25,700. Gains in financials and pharma offset weakness in IT and consumer stocks. Analysts see resistance at 25,800 and recommend five breakout stocks—Bajaj Consumer, Sobha, GAIL, Repco Home, and Mahindra Lifespace—for short-term gains.

Zerodha CEO Nithin Kamath explained how India’s tax gap between dividends and capital gains fuels growth-at-any-cost behaviour among startups. He said VC-backed firms avoid profits to secure higher valuations and tax-efficient exits, warning IPO investors to stay cautious of structurally loss-driven models. He explains the game while highlighting on what investors should know

OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.

On Monday, the Indian Rupee slipped by 7 paise to settle at 88.77 against the US Dollar, largely influenced by rising crude oil costs and persistent outflows of foreign capital. The domestic equity market s negative sentiment exacerbated the pressure on the currency. Meanwhile, the dollar index experienced a modest decline, while Brent crude prices continued to climb.

Foreign investors increased their exposure to Indian government bonds in October by the most of any month so far this financial year, the latest data showed on Monday.

Indian markets closed marginally higher, with Vodafone Idea, Thangamayil Jewellery, DCI and Canara Bank leading gains, while BEML, Patanjali Foods and Reliance Power declined due to stock-specific triggers and news flows.

Bharti Airtel Q2 Results: Telcom major Bharti Airtel on Monday reported a 89% YoY growth in its consolidated Q2 net profit at Rs 6,792 crore versus Rs 3,593 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the parent.