Overview
- At the open on Monday, the Sensex rose about 242 points to 83,458 and the Nifty50 gained roughly 65 points to 25,557, tracking firmer Asian markets.
- Goldman Sachs raised India to overweight with a Nifty 50 target of 29,000 by December 2026, implying about 14% upside from Friday’s close.
- Lenskart began trading after raising over Rs 7,278 crore in its IPO, with grey market signals pointing to a listing around the issue price.
- Swiggy’s board approved plans to raise up to Rs 10,000 crore via a Qualified Institutional Placement.
- In the holiday-shortened week that ended Friday, seven of the top-10 firms saw a combined Rs 88,635 crore valuation drop, led by Bharti Airtel and TCS declines, while SBI, LIC and Bajaj Finance posted gains.