India s upcoming IPOs from Lenskart and Groww spark a valuation debate. Lenskart, a retail giant, faces scrutiny over its high P/E ratio despite strong revenue, while digital broker Groww, already profitable, offers a scalable, asset-light model. Investors weigh growth potential against valuation concerns and regulatory risks.

India s auto sector shows renewed vigor post-GST rate rationalization, with passenger vehicles leading the recovery and two-wheelers showing optimism. Commercial vehicles, however, are expected to take longer to rebound, linked to broader capital expenditure. Meanwhile, investors are advised caution on IPOs, urging a wait for financial clarity post-listing.

San Francisco Fed President Mary Daly backed last week’s U.S. rate cut, citing a balanced approach to inflation and employment, while keeping an open mind on further easing in December.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period and the closing price is the highest.

Japan’s manufacturing PMI fell to a 19-month low in October amid weak demand, falling orders, and rising costs, though optimism persists on innovation, AI adoption, and global trade recovery.

Lenskart IPO GMP Today: Lenskart’s IPO is trading at a grey market premium of about ₹59, or 14.5% above its ₹402 issue price, indicating a potential listing around ₹461 if the trend continues.

Cipla shares: Cipla has agreed to acquire a 100% stake in Inzpera Healthsciences, making it a wholly owned subsidiary, as part of its strategy to strengthen its presence in the paediatric and wellness segment.

Vodafone Idea shares: The Supreme Court has allowed the Centre to reassess telecom companies’ pending AGR dues beyond FY 2016-17, clarifying that the review isn’t restricted to that year alone — a move that could offer wider relief to the debt-laden firms.

Hero MotoCorp shares slipped 3% to Rs 5,382 after reporting a 6.3% decline in October sales for FY26, driven by lower motorcycle and domestic sales. However, scooter and export volumes rose sharply. Citi retained its Buy rating with a Rs 6,100 target, citing festive demand and solid retail momentum.