News Overview

State Bank of India (SBI) shares gained around 1% on November 12, 2026, featuring among the top Nifty 50 performers after management interactions with institutional investors. The bank retained its loan growth guidance of 14–15%, with retail, agriculture and MSME loans accounting for 65% of its domestic loan book. Management reiterated its ambition to achieve a core return on assets (ROA) of 1% over the business cycle, supported by higher fee income and improved liability management. SBI reported Q2 FY27 net profit of ₹23,038 crore, including an exceptional gain of ₹7,289 crore, while net interest income rose 14.7% to ₹49,143 crore. Investors will also track the bank's upcoming institutional meetings in Singapore on November 17–18.

Kalyan Jewellers shares surged 6.67% to ₹708 on November 12, extending their winning streak to seven sessions. The stock has gained over 33%, following strong Q2 results, with net profit rising 63.9% year-on-year to ₹427 crore.

Anthropic, the company behind Claude AI, is preparing for a potential IPO at a valuation of $1.5 trillion to $2 trillion. Its financial disclosures reveal revenue of $16.3 billion in the first half of 2026, alongside a reported loss of $80.7 billion. However, $72.4 billion of the loss was linked to accounting adjustments, while the operating loss from selling Claude was approximately $700 million. A bigger concern for investors is the company's $900.9 billion in future computing infrastructure commitments. This article examines Anthropic's rapid revenue growth, infrastructure spending, business risks, potential IPO valuation and Public Benefit Corporation (PBC) structure.

Ashoka Buildcon shares surged nearly 14% in early trade on November 11, 2026, after the company received a Letter of Acceptance (LoA) worth ₹865.90 crore from the National Highways Authority of India (NHAI). The contract covers balance construction work on a 26.6-km stretch of the eight-lane Vadodara–Mumbai Expressway between Karvad and Jujuwa in Gujarat. Awarded on an Engineering, Procurement and Construction (EPC) basis, the project has an 18-month completion schedule and a 10-year defect liability period. The order adds to the company's recent wins, including a ₹290.23 crore railway contract from North Eastern Railway in October.

Foreign Portfolio Investors (FPIs) pumped ₹53,739 crore into Indian equities across six trading sessions between November 2 and 9, 2026, reversing the outflows recorded in September and October. Buying was concentrated in heavyweight sectors such as financial services, IT, automobiles and telecom. Improved sentiment following US midterm election results, expectations of lower US bond yields, Brent crude falling below $90 a barrel and a stronger rupee supported the inflows. Meanwhile, concerns over returns from AI infrastructure and data-centre investments prompted investors to reduce crowded AI-related positions. Corporate earnings also provided support, with 27 of the 47 Nifty 50 companies reporting results by November 10 beating analysts' estimates.

Cochin Shipyard shares declined 6.46% after Q2 FY27 net profit fell 50% to ₹54 crore. Higher expenses and lower EBITDA margins weighed on profitability, while management outlined its FY27 revenue and margin outlook.

Tata Steel shares gained 2.15% in intraday trade as investors assessed stronger Indian operations and Q2 earnings growth. However, widening UK losses and European business risks remain key concerns.

Kalyan Jewellers shares jumped over 10% on November 11, 2026, following strong Q2 FY27 results. Consolidated net profit increased 63.6% year-on-year to ₹427 crore, while revenue from operations grew 31.4% to ₹10,323 crore. The quarterly profit included an exceptional gain of ₹73 crore from the sale of non-core land. Excluding this gain, net profit stood at approximately ₹354 crore, up nearly 36% year-on-year. EBITDA rose 29.7% to ₹644.7 crore, although the EBITDA margin edged down to 6.25% from 6.33%. For H1 FY27, net profit grew 48% to ₹776 crore, while revenue increased 38% to ₹20,912 crore.

Indian markets extended their post-Diwali rally on November 11, with the Sensex rising over 1,260 points and the Nifty gaining 1.35%. Easing crude prices, strong FPI buying and supportive technical indicators boosted sentiment.

HDFC Bank shares climbed 2.46% to ₹817.75, recovering 22.2% from their 52-week low. Improving governance sentiment, NIM recovery expectations and retail loan growth supported the rally.