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Orkla India IPO fully subscribed on day 2

US President Donald Trump on Thursday (October 30) said tariffs on China will be 47%, down from 57%. He said there will be no more roadblocks on rare earths, and it is a one-year agreement that will be extended.

Dipan Mehta, Director, Elixir Equities

On Vodafone Idea: “You cannot, of course, invest big money into it because of uncertainties around it. But if it tends to survive, and if some positive news comes, like a merger with BSNL or something to ensure that it is going to remain and eventually start showing profits, then certainly the investor interest and the sentiment can improve. As I said, it’s like buying an option.”

On L&T: “L&T is amongst the handful of Nifty companies which can still grow in mid-teen over the next few years or so. So, it should be part of everybody’s core holdings, according to us.”

US President Donald Trump says several key decisions have been made; announces tariff reduction on China to 47% from 57% and adds he will visit China in April and sign a trade deal soon

Expect More Than 20% Volume Growth In The Full Year FY26

P&A Volumes Should Grow  More Than 20% As Well In FY26

Will Cross `500 Cr In  Luxury Portfolio In FY26

Have Seen Margin Improvement Of 200 bps So Far, Will Sustain >150 Bps This Year

Have A Target Of 125 bps Margin Improvement Each Year Over The Next 2 Years

Have 47.5% Stake D’yavol Spirits, It’s A JV With SRK & Nikhil Kamath

UPL In Focus | FMC Corp Lowers Guidance, UPL Manufactures Rynaxypyr For FMC In India

Tata Power stands out across peers, being the only company that runs across the entire state of Odisha, says Nikhil Nigania of Bernstein

Sagility jumps 8% after strong Q2 results

Expect decline in US Sales YoY due to higher competition for Revlimid generic & limited approvals

VodaIdea down 5% after SC AGR verdict; the fine print looks to limit relief only to additional AGR dues of ₹9,450 cr

LeTravenues is down 13% after the company reports EBITDA loss vs profit & net loss vs profit YoY in Q2.

DrReddy’s down 5% after co gets notice of non-compliance from #Canada drug authority for Semaglutide

Market opens largely in the red, Nifty below 26,000

Sudarshan Sukhani, Technical Trends

Buy HDFC Life with a stop loss of ₹745

Buy Tata Technologies with a stop loss of ₹690

Buy Hindustan Petroleum Corp with a stop loss of ₹465

Buy Bharat Petroleum Corporation with a stop loss of ₹340

Mitessh Thakkar, Bonanza Portfolio

Buy Gail with a stop loss of ₹182 and a target of ₹191-192

Buy Coforge with a stop loss of ₹1,775 and a target of ₹1,840

Buy Biocon with a stop loss of ₹367.50 and a target of ₹385-387

Buy ABB India with a stop loss of ₹5,200 and a target of ₹5,400

Rupee opens at 88.41/$ vs Wednesday’s close of 88.20/$. Rupee weakens by 20 paise against the US dollar

Dabur is set to report its Q2 earnings today; consolidated revenue is expected to grow in mid-single digits, with operating profit rising almost in-line with revenue. Revenue growth is anticipated to regain momentum in the coming quarters.

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

ITC is set to report its Q2 earnings today; cigarette volumes are expected to grow 5–6%, while FMCG may rise 3–4%. FMCG margin could contract by 50–80 bps. Paper business revenue is seen up 4–5%, and agri revenue may grow 10–15%, with leaf tobacco prices off their highs.

The stock broking website Groww’s parent firm, Billionbrains Garage Ventures Ltd., is scheduled to begin its ₹6,632 crore initial public offering (IPO) on November 4.

On November 3, anchor investors will be able to place bids for shares, and until November 7, the issue will be available for general subscription.

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