Midcap Index Peaks at 52-Week High; Anil Ambani Assets Attached

Good evening! The markets launched this week on a stable note, with midcap stocks taking center stage. Driven by solid earnings, the Nifty Midcap index reached a new 52-week high, contributing to an optimistic atmosphere in the broader market. Even with benchmark indices posting modest gains, Vodafone Idea stood out, climbing over 14% following a crucial Supreme Court ruling regarding AGR dues. Bharti Airtel also impressed, reporting a 14% sequential profit increase alongside a rise in Average Revenue Per User (ARPU).
In the IPO landscape, Billionbrains Garage Ventures, the parent company of Groww, attracted incredible anchor bids exceeding ₹50,000 crore from prominent investors. In other news, the Enforcement Directorate (ED) has provisionally attached assets worth over ₹3,000 crore linked to the Reliance Anil Ambani Group.
On the policy side, October saw a spike in auto sales fueled by festive demand and GST reductions. In sports, the BCCI announced a substantial ₹51 crore reward for the Indian women’s cricket team following their historic ODI World Cup victory.
Earnings Boost Midcap Index to New Heights
The stock market experienced a modest uptick on Monday, predominantly supported by gains in midcap stocks along with select financial and consumer sectors. Despite larger indices trailing behind, the BSE Sensex climbed by 40 points to close at 83,978, while the NSE Nifty 50 saw an increase of 41 points, finishing at 25,763. The broader market outperformed expectations, with the Nifty Midcap 100 index adding 462 points to reach 60,287 after briefly touching a peak of 60,400—its highest point since October 2024. Additionally, the Nifty Bank index advanced by 325 points, closing at 58,111.
Vodafone Idea Shares Surge Following Supreme Court Clarification
Vodafone Idea shares saw a significant gain of 14% on November 3 after the Supreme Court provided a vital clarification regarding the AGR dues that had led to uncertainty. This was the most substantial one-day increase for the stock since April 2024. The court indicated that Vodafone Idea had sought relief on both additional AGR dues and a reassessment of all outstanding dues.
Auto Sales Experience a Surge in October
October 2025 showcased the combined effects of the recently reduced GST rate and the festive season, leading to a robust recovery in the automobile industry. The month displayed encouraging wholesale figures for automakers, particularly with a strong performance in the commercial vehicle sector, as well as steady demand for passenger vehicles and two-wheelers.
Tata Trusts Trusteeship Issue: Mehli Mistry Files Caveat

Mehli Mistry has submitted a caveat to the Mumbai Charity Commissioner, seeking to be heard before any modifications to the list of trustees at Tata Trusts. He referenced a communication dated October 17, 2024, which stipulates that all trustees should be re-appointed as permanent trustees upon the expiration of their current terms.
MUFG Eyes 20% Stake in Shriram Finance

Mitsubishi UFJ Financial Group (MUFG) is reportedly in advanced discussions to acquire a 20% stake in Shriram Finance Ltd, India’s largest retail non-banking financial company (NBFC). Valued at around $4 billion, this potential acquisition would represent one of the largest foreign investments in India’s NBFC sector, likely including board representation for MUFG as part of the agreement.
Bharti Airtel’s Q2 Results: Profit Surges and ARPU Increases

Telecommunications giant Bharti Airtel Ltd has reported a consolidated net profit of ₹6,791 crore for Q2 FY26, marking a 14.2% quarter-over-quarter increase from ₹5,948 crore. This performance exceeded the CNBC-TV18 poll estimate of ₹6,600 crore. Revenue rose to ₹52,145 crore, up 5.4% from ₹49,462 crore, surpassing expectations of ₹51,006 crore.
Groww IPO Attracts Massive Anchor Bids

Billionbrains Garage Ventures Ltd., the parent company of Groww, has garnered bids exceeding ₹50,000 crore for its anchor book. Major mutual funds and influential foreign investors are participating actively in this opportunity.
ED Attaches Properties Linked to Reliance Anil Ambani Group
The Enforcement Directorate (ED) has provisionally attached over 40 properties associated with the Reliance Anil Ambani Group, worth approximately ₹3,084 crore. These included the Ambani family’s residence in Pali Hill, Bandra (West), and various assets across major cities such as Delhi, Mumbai, Pune, and Chennai, encompassing both residential and commercial properties.
Bihar Voters Favor Party Loyalty in Upcoming Elections

With just three days left before Bihar’s first round of voting, political heavyweights are actively campaigning. Various factors are influencing this election, including anti-incumbency sentiments, caste dynamics, job creation, women’s issues, agricultural concerns, and infrastructure development.
BCCI Rewards Women’s Cricket Team for Historic Win
The BCCI has announced a reward of ₹51 crore for the Indian women’s cricket team in recognition of their historic ODI World Cup victory. Secretary Devajit Saikia made the announcement, praising the team’s efforts under Harmanpreet Kaur’s captaincy after they triumphed over South Africa by 52 runs to secure their first global trophy.
Stay tuned for more updates, and what are your thoughts on today’s financial developments?