Over $6 billion in fresh FDI inflows into private banks like Yes Bank and Federal Bank highlight renewed global confidence in India’s banking sector. Improving credit quality, moderating costs, and signs of private capex revival add to the sector’s bullish outlook.

Motilal Oswal Financial Services (MOFSL) posted strong Q2 results with AUM up 55% YoY, driven by ₹14,000 crore inflows and 17 lakh new SIPs. The firm reported record operating profit of ₹554 crore, while housing finance disbursements jumped 50% YoY. CFO Shalibhadra Shah said stable asset quality, rising spreads, and lower funding costs will sustain growth momentum.

Seve upcoming IPOs, including Lenskart, Groww, and Pine Labs, are showing grey market premiums of up to 21%, signalling strong investor interest ahead of a busy week on Dalal Street.

Indian equities opened November on a cautious note, slipping after October’s strong rally as private banks and FMCG stocks weighed on sentiment. Analysts cited profit booking and renewed foreign investor selling, though steady earnings momentum and resilient auto demand helped limit deeper market losses.

Studds Accessories IPO is commanding a grey market premium of ₹67, implying an 11.45% gain over its upper price band of ₹585. This suggests a likely listing price of around ₹652 per share.

Lenskart’s IPO is trading at a 21.14% grey market premium, signalling strong investor demand. The issue, open till November 4, is priced at ₹382–402 and includes a ₹2,150 crore fresh issue and a ₹5,128 crore OFS by existing investors such as SoftBank, Kedaara Capital, and Temasek.

The Federal Reserve’s liquidity tools saw record usage, with SRF lending $50.35 billion and QT ending early, signalling a shift from monetary tightening to stabilisation amid mixed views from policymakers.

Gold traded near a 3-week low on Monday at ₹1,21,284 per 10g, about ₹11,000 below its October peak, as a stronger dollar and reduced Fed rate cut hopes weighed on prices. Silver, meanwhile, gained 0.7% to ₹1,49,374/kg.

Godrej Consumer shares: The company’s Q2 FY26 profit fell 6.5% YoY to ₹459.3 crore despite a 4.3% rise in revenue to ₹3,825 crore. EBITDA declined 3.5% to ₹733.6 crore, with margins easing to 19.2% from 20.7%. India operations posted steady 4% sales growth and 3% volume growth, driven by strong gains in non-soap categories.

Fintech brokers like Groww, Zerodha, and Angel One transformed how India invests, but face a tough reset as Sebi’s new F&O curbs challenge their high-growth model. With Groww’s IPO launching amid regulatory headwinds, the zero-brokerage era may be entering a period of structural change.