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India just took back a top-5 spot among the world's stock markets. Total market value, Nov 12: 1. US: ~$80T 2. China: $13.3T 3. Japan: $8.4T 4. Hong Kong: $5.7T 5. India: $5.45T Taiwan, at $4.4T, is now behind India. What changed since late October: - FPIs bought Rs 66,302 crore of Indian stocks in November (through Nov 11), after pulling out over Rs 70,000 crore in September and October - Brent crude fell from ~$110 to ~$95 - The AI trade cooled. Nvidia's CEO resigned on Nov 12 and the stock fell 4.4% that day India sits just ~$220 billion behind Hong Kong. Foreign money that chased AI elsewhere is starting to come back. Today showed how fragile that is: a stronger dollar and higher US yields pushed the rupee to 94.20, and the Nifty fell 0.6%.

Eicher Motors' Q2 FY27 press release: Eicher Motors revenue: ₹7,422 Cr (+20%) VECV revenue: ₹7,569 Cr (+24%) VECV, Eicher's truck and bus joint venture with Volvo, now has a bigger top line than its listed parent. Its revenue isn't counted in Eicher's.

Gillette India's Q2 FY27 segment results, Q2 FY26 vs Q2 FY27: Oral Care revenue: ₹144.9 Cr → ₹167.1 Cr (+15%) Oral Care profit: ₹25.6 Cr → ₹17.5 Cr (-32%) Grooming revenue: +2% Grooming profit: +19% The faster-growing business is earning less.

The biggest earnings surprise in India today came after the closing bell. Tata Motors Passenger Vehicles, Q2 FY27 (Jul-Sep): - Net loss: Rs 5,531 crore, including a Rs 6,738 crore one-time charge - Revenue: +34% YoY - EBITDA: Rs 4,866 crore, vs a Rs 1,404 crore EBITDA loss a year ago Operations improved. The bottom line didn't. Also after the bell: - Grasim: net loss of Rs 234 crore vs a Rs 595 crore profit a year ago, revenue +26% - Eicher Motors: profit +15% to Rs 1,573 crore, about 3% below estimates Context: brokerages had expected Tata Motors PV to drive nearly 15% of the Nifty's profit growth this quarter. Kotak had Nifty 50 profits at +19% YoY, 1.7% above estimates. That was before today's results. Also this week: Manappuram profit +223%. Vodafone Idea net loss of Rs 5,975 crore. Same index. Same quarter. A very wide spread.

Note 5 in Godrej Industries' Q2 FY27 results: On 24 Sep 2026, it sold 0.50% of Godrej Consumer Products for ₹449 Cr, booking a ₹375 Cr profit. Q2 profit (owners' share): ₹242 Cr → ₹560 Cr (+131%) That one-time gain is bigger than the entire ₹317 Cr increase.

Inflation in India just broke above the RBI's upper limit. The market noticed today. October CPI: - Headline: 6.09% (vs 5.93% expected), up from 5.54% in September - Food: 8.94% - Onions: +116% YoY The RBI's tolerance band tops out at 6%. This comes five weeks after the RBI raised rates for the first time since February 2023, taking the repo rate to 5.50% and saying cuts are off the table. Growth isn't the issue. Q1 GDP grew 7.8%, and the RBI lifted its FY27 forecast to 7.1%. Today, the Nifty 50 fell 0.61% to 25,144, ending a three-day rally. Banks, autos and realty weighed. It's still up 9.1% from Oct 30 (23,053). A huge move up on lower oil and foreign buying. Then a first reminder that inflation matters. The next MPC meeting is Dec 2-4.

Slide 17 of Vodafone Idea's Q2 FY27 investor presentation, Q2 FY26 vs Q2 FY27: Revenue: ₹11,195 Cr → ₹11,884 Cr (+6%) Net loss: ₹5,524 Cr → ₹5,975 Cr (+8%) Revenue grew. The loss grew faster. Depreciation (₹5,505 Cr) alone is bigger than EBITDA (₹4,981 Cr).

Closing Bell | 13 Nov 2026 Nifty 50: 25,144.30 (-0.61%) Sensex: 81,592.45 (-0.39%) A three-day winning run ended. Banks, financials, realty and metals were the main drags. ▼ Weakest: Nifty Realty, Auto, Cement ▼ Smallest loss: Nifty Media Bank Nifty: -0.8% | India VIX: -7% Midcap 100: -0.24% | Smallcap 100: -0.26%

Hindustan Copper's Q2 FY27 results statement: H1 FY27 profit: ₹872.15 Cr Full-year FY26 profit: ₹920.67 Cr Six months delivered 94.7% of last year's profit. Q2 FY27 profit: ₹519.54 Cr, up 179% from ₹186.02 Cr in Q2 FY26.

Note 5 of IRCTC's Q2 FY27 results: A GST tribunal ordered IRCTC to pay ₹50.4 Cr over alleged profiteering on Rail Neer, with 18% interest from June 2019. Provision booked: ₹116.3 Cr Principal: ₹50.4 Cr Interest: ₹65.9 Cr The interest is now bigger than the original amount.

Inside a note on page 12 of HAL's Q2 FY27 results: A Dhruv helicopter cockpit simulator, ordered from Canada's CAE in 2008 by HAL's training JV, is yet to be delivered. Contract price: $6.9 million Latest estimate: $13.7 million 18 years on, the estimated cost has doubled.

Opening Bell | 13 Nov 2026 Nifty 50: 25,219 (-0.32%) | Sensex: 81,735 (-0.22%), 10 AM Filings behind the early moves: ▲ Oil India: Q2 profit +53% to ₹2,521 Cr ▼ Ola Electric: Q2 revenue -39%, stock -6% ▼ Manappuram: profit +219%, stock down Banks lag after CPI hit 6.09%.

Nvidia reports Q3 results in 5 days. The man who ran it for 33 years won't be presenting them. Jensen Huang has resigned as CEO, effective immediately. CFO Colette Kress steps in as interim CEO. Nvidia gave no reason. Shares are down by double digits.

From the annexure (slide 49): rooftop revenue +20% at a steady 14.2% margin, while large solar projects fell 66% and slipped to an EBITDA loss. Full breakdown: multibagg.ai/market-pulse/ar…

Slide 28 of Tata Power's Q2 FY27 investor presentation: Rooftop solar revenue, H1 FY27 vs H1 FY26 Homes: ₹1,306 Cr → ₹2,203 Cr (+69%) Businesses: ₹649 Cr → ₹503 Cr (-23%) Homes now make up 81% of rooftop revenue, up from 67%. The growth is coming from homes, not factories.

Closing Bell | 12 Nov Nifty 25,299 (+0.18%) | Sensex 81,911 (+0.04%) The index rose, but 30 of 50 Nifty stocks fell. Financials carried it. ▲ HDFC Life +4.2% | Bajaj Finance +3.4% ▼ Nestle -2.1% | M&M -1.9% Realty +4.5% | Auto -1.0% Smallcap 100 +1.1%

Smart Money | 12 Nov November so far (8 sessions): FIIs bought ₹65,735 Cr DIIs sold ₹40,504 Cr Promoter moves: Bajaj Finserv is putting ₹5,800 Cr into Bajaj Finance through warrants Sagility's promoter sold 11.96% for ₹2,395 Cr; its stake is now 38.99%

Results Screen | 12 Nov 3 Q2 FY27 results passed our filter (revenue +20%, profit +25%, margins up): Hindustan Copper: revenue +64%, profit +179% Mishra Dhatu: revenue +41%, profit +115% Tata Power: revenue +26%, profit +33% Missed: Triveni Turbine, profit -41%

Opening Bell | 12 Nov 2026 A soft start, then a quick recovery, led by financials. Nifty 50: 25,352.80 (+0.39%) | Sensex: 82,210.23 (+0.40%), at 9:40 AM ▲ Bajaj Finance +1.8%: launched a QIP of up to ₹11,700 Cr at an indicative ₹1,025, about 5% below Wednesday's close ▲ HDFC Life +3.1% and SBI Life +2.2% led the gainers ▼ M&M -1.3% and Sun Pharma -1.1% led the losers ▼ Nifty IT -0.6% | Nifty Pharma -0.5% On Wednesday, FPIs bought ₹12,563 Cr and DIIs sold ₹8,435 Cr. Brent eased to $92.

Kotak Mahindra Bank has been granted approval by CCI to acquire Deutsche Bank's retail banking, private banking and wealth management business in India through slump sale.