Market Bizzz

FIIs sold ₹13,925 crore of Indian equities in early November amid global rotation toward outperforming markets. Despite volatile flows, domestic inflows, IPO activity, and regulatory reforms continue supporting long-term foreign participation.

Max Healthcare Institute has announced strong financial results for the September quarter. The company’s net profit surged by 74% year-on-year to Rs 491 crore. Revenue from operations also saw a significant increase of 25% to Rs 2,135 crore. This performance reflects robust growth driven by factors like increased occupied bed days and international patient revenue.

Michael Burry has raised concerns that Big Tech’s soaring profits might be artificially inflated due to extended depreciation schedules for computing equipment. While companies like Meta and Alphabet are lengthening asset useful lives, potentially boosting earnings, investors are increasingly scrutinizing the massive capital expenditures on AI infrastructure and the true pace of asset depreciation.

Curis Lifesciences is set to list on the NSE SME platform on November 14, following an IPO that saw overwhelming investor response, subscribing 74.39 times. The company, which manufactures pharmaceutical formulations, reported strong financial growth in FY25. IPO proceeds will fund facility upgrades, working capital, and market expansion.

PhysicsWallah’s Rs 3,480 crore IPO, one of the largest in Indian edtech, is set to finalize allotment on Friday with moderate subscription and a 0% grey market premium, indicating a cautious listing. The company, known for its hybrid model and diverse courses, reported strong revenue growth but remains loss-making, with IPO funds earmarked for offline expansion and technology investments.

Capillary Technologies India’s Rs 877 crore IPO opens today. The Bengaluru-based firm is a leader in customer engagement and loyalty management. The IPO includes fresh issuance and offer-for-sale components. Funds will support growth and technology investments. The issue closes this week, with listing expected on November 21.

Tata Steel’s September quarter profit soared fourfold to Rs 3,183 crore, driven by robust Indian sales and improved Netherlands operations. Consolidated sales climbed nearly 9% to Rs 58,689 crore, with Ebitda jumping 46%. The company also saw a reduction in UK operating losses and a decrease in tax expenses, signaling a strong financial performance.

Honasa Consumer, the company behind Mamaearth, has reported a strong financial performance. The company achieved a net profit of Rs 39 crore in the second quarter of FY26. This marks a significant recovery from a net loss in the same period last year. Revenue from operations also saw a healthy year-on-year growth.

Gold prices eased from a three-week high as a stronger dollar weighed on demand. Investors await the resumption of U.S. economic data to gauge the Federal Reserve’s interest rate path amid a prolonged government shutdown. Economists anticipate a December rate cut to support the labor market.