Overview

• Analysts cited upbeat Q2 business updates, early festival demand and firmer macro cues for the latest surge, with Sensex trading around 82,142 and Nifty near 25,202 in early Tuesday action.
• Nomura issued fresh views post business updates: Neutral on Kotak Mahindra Bank (target ₹2,150) and Bank of Baroda (₹240), and Buy on IndusInd Bank (₹960) as investors await clarity on margins, growth and the new CEO’s strategy.
• JM Financial’s Q2 telecom preview projects modest sequential gains, estimating Jio ARPU near ₹211 and Airtel at about ₹254, with Buy calls on Airtel, Bharti Hexacom and Tata Communications, Add on Vodafone Idea (₹9.50) and Reduce on Indus Towers.
• Excel Realty N Infra approved lifting authorised share capital to ₹2,500 crore and enabling up to ₹2,500 crore via QIP, a dilution watchpoint after a six‑month run that delivered roughly 130%–138% returns at a sub‑₹2 share price.
• Event‑driven moves stayed mixed as Servotech Renewable Power detailed a 3 MW rooftop solar order from North Central Railway worth ₹13 crore, while Glotis debuted around ₹84 versus a ₹129 issue price, leaving IPO investors with immediate losses.