📰 India Business Brief: Top Headlines for November 05, 2026

Business Standard

• Markets Poised for Strong Opening: GIFT Nifty climbed over 340 points to trade near 24,311, signalling a sharp gap-up opening for the benchmark Nifty 50 and Sensex following a retreat in global crude oil prices.
• Banking Sector Q2 Profit Crosses ₹1.16 Trillion: Aggregate net profit for commercial banks surged 20% year-on-year in the second quarter, led by healthy credit growth and steady improvement in asset quality.
• BSE Posts 45% Net Profit Surge: BSE reported a 44.9% rise in Q2 net profit to ₹809.15 crore alongside a 34.1% revenue growth; its board cleared a proposal to acquire a strategic plot in Mumbai's Bandra-Kurla Complex (BKC).
• Clean Energy Attracts $400 Billion in Commitments: India's renewable energy space secured long-term investment pledges amounting to $400 billion, even as green hydrogen project execution faces ground-level headwinds.
• RBI Sets Up Financial Markets Panel: The Reserve Bank of India constituted a specialized financial markets consultative panel chaired by Deputy Governor Rohit Jain, inducting senior executives from SBI, Citi, and Morgan Stanley.
• Bombay Coated & Special Steels Debuts on Bourses: Following a retail subscription rate of 35.4 times, the company's shares are scheduled to list on the BSE and NSE today with grey market indicators anticipating a 10% premium.

Economic Times

• Robust Q2 Performance Across Consumer & Retail Brands: Nykaa recorded a 207% YoY surge in Q2 profit to ₹101 crore alongside an agreement to acquire an 82% stake in Simply Nam. Lenskart saw profit surge 122% to ₹227 crore, while Dabur India posted a 12% rise in net profit to ₹506 crore and declared an interim dividend.
• Precious Metals Stage Sharp Comeback: Gold jumped 5% to breach $4,100 per ounce—its strongest single-day rally since mid-August—while silver gained 6% to cross $50 per ounce, supported by soft dollar yields.
• SEBI Clears PRIM Framework for PMS Providers: Markets regulator SEBI approved the PRIM investment route, allowing portfolio managers to allocate funds into mutual funds and specialized investment funds with a minimum ticket size of ₹25 lakh.
• Focus on MSME and Dairy Protections in Trade Pacts: Union Commerce Minister Piyush Goyal reaffirmed that India will not compromise domestic dairy and MSME interests during ongoing bilateral trade talks with New Zealand and the United States.
• HPCL Defers Lubricants Division Carveout: Hindustan Petroleum Corporation Limited deferred the planned spin-off of its lubricants business to prioritize balance-sheet deleveraging and debt reduction.

Mint

• Indices Extend Winning Streak Toward 24,000 Mark: The BSE Sensex settled at 77,301.40 (+0.50%) and the NSE Nifty 50 closed at 23,960.60 (+0.63%) in the prior session, marking five consecutive days of gains heading into Thursday's trade.
• FII Inflows Rebound Strongly: Foreign institutional investors (FIIs) infused over ₹18,660 crore across recent trading sessions, encouraged by Brent crude softening toward $103 per barrel and the rupee consolidating around 94.60 per dollar.
• Sectoral Performance Diverges: Media (+5.15%), realty (+2.85%), and metals (+2.80%) outpaced broader markets, whereas the Nifty IT index witnessed profit-taking amid global tech stock recalibrations.
• Key Stocks in Focus: Corporate results, order announcements, and strategic updates have placed Bharti Airtel, Life Insurance Corporation of India (LIC), Titan Company, Torrent Power, and Alembic Pharmaceuticals on investors' watchlists for the day.