As Groww and Lenskart gear up for their IPOs, India’s startup listings enter a new phase where investors prize profits and execution over hype. The contrasting journeys of Zomato, Nykaa, and Paytm show that storytelling alone no longer drives success — sustainability does.

Mahindra & Mahindra shares rose 3% after the company reported record-high SUV and total vehicle sales for October 2025. Strong growth across all divisions, including tractors and commercial vehicles, along with festive demand and lower GST rates, boosted performance. The automaker also unveiled its new all-electric seven-seater SUV, the XEV 9S.

Indian markets turned volatile with Nifty slipping below 25,800 as Q2 results disappointed, says Dharmesh Kant of Cholamandalam Securities. With BFSI and IT posting modest growth and muted sector guidance, Kant expects a 4–5% correction in November. He remains bullish on PSU banks, metals, and defence, while expecting profit-taking in auto stocks amid weak festive volumes and high valuations.

US Treasury Secretary Scott Bessent warned that high interest rates have pushed the housing sector into recession, urging the Federal Reserve to cut rates faster to prevent wider economic slowdown.

Investors are cautiously optimistic across sectors. Siddhartha Khemka of Motilal Oswal sees strength in chemicals and fertilizers, with Coromandel International and PI Industries favored. He expects a steady quarter for SBI, citing strong asset quality. The metals outlook is turning positive, with Tata Steel benefiting from domestic demand and global cues. Khemka has a buy rating on Tata Steel.

OPEC+ will raise oil output modestly in December before pausing hikes in early 2026, balancing supply caution with market confidence amid uncertain demand forecasts and shifting geopolitical risks.

Mahindra & Mahindra is expected to post steady Q2 results with double-digit revenue growth led by strong auto and tractor volumes. However, weaker average selling prices and an unfavourable product mix may weigh on margins and profitability, according to brokerage estimates.

BEML shares fell 50% to ₹2,192 on Monday after turning ex-split following a 1:2 stock split. The drop is technical, reflecting a price adjustment as the face value was halved to ₹5 and share count doubled, leaving investors’ total value unchanged.

The Indian rupee held steady near its record low on Monday, with the central bank s likely intervention preventing a sharper fall. Importer demand and a strong dollar continue to pressure the currency. Traders anticipate continued mild pressure, with the rupee expected to trade between 88.50 and 89.10 amid global dollar strength and anticipation of trade deal progress.

An ETMarkets analysis of Ace Equity data shows high-beta stocks outperformed low-beta peers over the past year, with Laurus Labs and Paytm leading gains, while ABFRL, Siemens, and Tejas Networks saw steep declines. Low-beta counters like JSW Holdings and Manappuram Finance delivered steady double-digit returns.