ScoutQuest: market mood, my stocks and key developments

Each share becomes 20 after both actions; Q2 consolidated profit about ₹840 cr

• Standalone Q2 profit up about 21.7% to ₹674.6 cr
• Needs shareholder approval; record date not yet set
• Stock slipped 4.3% from its day's high of ₹52,650

Nasdaq-100 futures bounce 1–1.7% while Dow futures slip 0.7–1% before jobs data

• Thursday's Nasdaq drop was its worst in 19 months
• Consensus sees roughly 59,000–65,000 jobs added
• Unemployment expected to hold at 4.2%

Net purchases of about ₹14,975 cr were the largest single day in nearly six years

• DIIs net sold about ₹10,445 cr that day
• Friday's provisional figures are not out yet

ICICI Bank and HDFC Bank led a late surge on foreign buying

• ICICI Bank up 4.65%, HDFC Bank up 3.56%
• Midcaps ended flat; smallcaps fell 0.82%
• Media was the worst-performing sector

Rupee touched about 94.06 per dollar as the dollar softened after the US midterms

• Previous high was 93.99 on April 23
• Sector rotation out of AI stocks also helped

Diwali special session on Sunday, Nov 8; NSE closed Tuesday, Nov 10

• Monday, Nov 9 is a normal trading day
• NSE will confirm Muhurat timings by circular

Auto strength in Q2 outweighed a cut to its tractor outlook

• Consolidated Q2 profit rose 25% to ₹4,588 cr
• Jefferies kept Buy with a ₹4,000 target

After seven straight gains, some expect profit-taking next week

• Gains were narrow: mid and small caps fell
• India VIX rose about 10% during the day

The fear gauge is rising alongside the rally, a sign of nervousness

• Global markets remain volatile after the US tech rout
• US jobs data due at 7 pm IST

Large caps extend the run despite the global AI-led sell-off

• Private banks and IT led the afternoon buying
• Mid and small caps still ended lower

Consolidated profit of ₹7,533 cr beat estimates; revenue rose 39% to ₹91,708 cr

• Novelis profit up 29% to $210 mn on a 25% sales rise
• Net debt to EBITDA rose to 1.80x from 1.23x
• Results came after the stock fell up to 5% intraday

Nifty IT up about 1.9% as investors move from global AI stocks to Indian tech

• Private bank stocks also strong in the afternoon
• Mid and small caps continue to lag

Euro Stoxx 50 futures fell about 0.9% in Asian hours; Italy and Spain lead early losses

• STOXX 600 closed 0.38% lower on Thursday
• Chipmakers Infineon and Soitec led Thursday's drop

Consensus sees about 59,000 jobs added in October and unemployment steady at 4.2%

• Private ADP data beat forecasts earlier in the week
• A strong number could revive Fed rate-hike bets

Profit rose about 20%, but value of new business (VNB) missed and premium growth was weak

• Annualised premium (APE) grew only 3.8% to ₹17,004 cr
• Stock fell to a day's low of ₹391.6
• Net premium income rose about 16%

Profit rose to ₹566 cr from ₹421 cr; revenue up 11.4% to ₹2,582 cr

• Board approved the results on Nov 5
• Airtel's listed unit for Rajasthan and the Northeast

Q2 profit fell about 5.6% as EBITDA margin shrank to 13.1%; stock at 52-week low

• Hit a 10% lower circuit early in trade
• Board declared an interim dividend
• Margin was 16.3% a year earlier

Jefferies upgrades to Buy (₹6,000); Citi keeps Buy (₹5,875); shares up 2–4%

• Excluding a ₹671 cr one-off gain, profit rose 54%
• Citi flags whether H2 sales growth can last
• Motilal Oswal reiterated Buy at ₹5,700

Revenue fell to ₹4,247 cr from ₹6,047 cr; profit slid to ₹264 cr from ₹610 cr

• Full-year revenue and margin guidance kept
• North America core business grew about 31%

Profit up about 10% and revenue at ₹5,598 cr, but operating profit rose only ~6%

• Shares down about 1.9% at ₹4,886
• Volume growth was a strong 13%
• Stock is down about 17% so far in 2026