BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 04 Nov –05 Nov 2026
National Business News Highlights
1. Sensex Surges Over 1,800 Points; Investors Gain Over ₹8 Lakh Crore – Indian equity markets witnessed their strongest single-day rally in seven months. The Sensex closed at 79,310.01, while the Nifty 50 settled at 24,536.60, supported by falling crude oil prices, foreign investor inflows and improved global sentiment.
2. SEBI Approves Mahanadi Coalfields IPO – India’s capital markets regulator has approved the proposed initial public offering of Mahanadi Coalfields, a subsidiary of Coal India. The issue is expected to rank among the country’s largest IPOs this year.
3. Mahindra & Mahindra Reports 25% Growth in Q2 Profit – M&M posted consolidated profit after tax of ₹4,588 crore for the September quarter, up 25% year-on-year. Revenue increased 25% to ₹57,553 crore, supported by strong automotive performance.
4. BSE Reports 45% Jump in Q2 Net Profit – BSE Limited recorded a 44.9% increase in consolidated profit to ₹809.1 crore in the September quarter. Revenue grew 34.1% to ₹1,432.7 crore, indicating a strong improvement in business performance.
5. Lenskart’s Q2 Profit More Than Doubles – Lenskart Solutions reported a sharp increase in quarterly profitability, with profit rising to approximately ₹227 crore. Revenue grew 35.7% to ₹2,845 crore, supported by higher eyewear demand and store expansion.
6. Apollo Hospitals Posts 33% Growth in Quarterly Profit – Apollo Hospitals Enterprise reported consolidated profit of ₹659.5 crore for Q2 FY27, compared with ₹494 crore in the corresponding period last year. Revenue increased 23% to ₹7,614.9 crore.
7. Nykaa Records Over 200% Growth in Q2 Profit – FSN E-Commerce Ventures, which operates Nykaa, reported a 206.8% rise in consolidated profit to ₹101.2 crore. Revenue increased 28.1% to ₹3,006 crore. The company also approved the acquisition of an 82% stake in Simply Nam for ₹33 crore.
8. Aurobindo Pharma Reports 33% Rise in Q2 Profit – The pharmaceutical company posted a 32.7% increase in consolidated profit to ₹1,126.1 crore. Revenue grew 23.9% to ₹10,263.3 crore during the September quarter.
9. Dabur Records Double-Digit Profit Growth for Fourth Consecutive Quarter – Dabur India reported an 11.7% increase in consolidated Q2 profit to ₹505.5 crore, while revenue grew 11.6% to ₹3,563.1 crore. Its international business registered 20% growth.
10. Shipping Corporation of India Reports 205% Profit Growth – The state-owned shipping company posted consolidated Q2 profit of ₹577.8 crore, compared with ₹189.2 crore a year earlier. Revenue surged 71.1% to ₹2,290.7 crore.
International Business News Highlights
1. Wall Street Faces Fresh Sell-Off in Technology Stocks – US markets witnessed renewed selling pressure in AI-linked stocks on November 5. The S&P 500 declined 1.8%, the Dow Jones fell 403 points and the Nasdaq dropped 3%, led by losses in Nvidia and other technology companies.
2. Oil Prices Rebound After Sharp Previous-Day Decline – Global crude oil prices recovered on Thursday after falling nearly 9% in the previous session. Brent crude moved back towards $96 per barrel as investors assessed developments surrounding the US-Iran conflict.
3. Bank of England Raises Interest Rates Amid Inflation Concerns – The Bank of England increased its key interest rate, citing inflationary risks linked to the Iran conflict and elevated energy costs. The decision comes amid continuing uncertainty over the global economic outlook.
4. South Korea’s Kospi Plunges 5.3% Amid Technology Sell-Off – South Korean equities came under significant pressure as investors continued to offload AI and semiconductor-related stocks. Concerns over technology valuations and future data-centre investments weighed on market sentiment.
5. European Markets Advance Despite Global Technology Volatility – European equity markets moved higher on Thursday, supported by improving investor sentiment and corporate earnings optimism, even as technology shares faced renewed pressure in the United States.
💬 Quote of the Day
“Success in business is not just about making profits; it is about creating value, embracing change and building something that lasts.”
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