A mixed trend was seen in the Indian stock market in the holiday-shortened last week. BSE Sensex closed with a gain of 112 points or 0.13%, but there was a decline in the market capitalization of top companies. The combined market cap of 7 of the top-10 most valued companies declined by ₹35,439 crore.

SBI was the most affected, whose market cap declined by ₹12,692 crore to ₹8.92 lakh crore. Reliance Industries’ market cap declined by ₹8,255 crore, although it remained the country’s most valuable company.

There was also selling pressure on Bajaj Finance, L&T, ICICI Bank, LIC and TCS. On the other hand, HDFC Bank was the biggest gainer, whose market cap increased by ₹10,127 crore to reach ₹15.26 lakh crore. Infosys and Bharti Airtel also performed strongly, registering gains of ₹6,627 crore and ₹5,360 crore, respectively.

JioBlackRock Mutual Fund has released the first portfolio of its Flexi Cap Fund — and it looks like the fund is poised for the long haul. The fund is being managed under a Systematic Active Equity (SAE) strategy, which takes investment decisions by combining data, research and market trends. The fund consists of 141 stocks and holds 4.52% cash. The top allocations are HDFC Bank (8.87%), ICICI Bank (5.42%), Reliance Industries (5.17%), Infosys (4.12%), and SBI (3.38%). Interestingly, the fund has also taken a long position of 3.84% in Nifty Index Futures (27-Nov-2025), thereby strengthening both market exposure and diversification. Total AUM is ₹1,808 crore (as on October 31, 2025) and 6.35 lakh retail investors have joined this new fund. Raising ₹1,500 crore during the NFO itself is an indication that investor confidence in this new player is increasing rapidly. This fund can become an attractive option for investors who want long-term growth and smart diversification.

Tata Capital is going to have a bang entry in the Indian stock market. The company has prepared the biggest IPO of this year through a mega public issue of ₹ 17,200 crore. According to reports, the valuation of Tata Capital has been fixed at around ₹ 1.59 lakh crore. A total of 47.58 crore shares will be offered in this IPO, out of which 21 crore shares will be fresh issues and 26.58 crore shares for offers for sale (offs). Tata Capital is a subsidiary company of Tata Sons, with 93% of the total holding with Tata Sons. Tata Capital has the status of Upper Layer NBFC from RBI, which counts it among high level regulated institutions. Talking about the latest financial performance of the company, Tata Capital’s net profit has increased by 31% to ₹ 1,000 crore in the March 2025 quarter, while the operational revenue has increased by 50% to ₹ 7,478 crore. Along with this IPO, IPOs of other big companies like BOAT and Lenskart are also expected to come in the market. For investors, this year can prove to be golden in the IPO market.

SEBI has made a major change in the rules related to the IPO, which will now make the IPO of veterans like Jio platforms and NSE easier. Companies whose post-IPO market cap will be more than ₹ 50,000 crore, now only 8% equity will have to reserve for retail investors, earlier this limit was 10%. At the same time, for companies whose market cap is above ₹ 5 lakh crore, the minimum limit of public offer has now been reduced to 2.5%, which was 5% earlier. With this, Jio will now have to bring an IPO of only $ 3 billion instead of about $ 6 billion, which is according to the capacity of Indian investors. This will give impetus not only to live but also big IPOs like NSE and there will be balance in the market.

Today, despite the decline in the stock market, there was a tremendous rise in jewelery shares. Stocks such as Senco Gold, Titan, Kalyan Jewellers and Goldim International recorded a jump up to 6%. The expectation of demand to increase in the festive season, the companies’ business expansion plans and the prediction of stability in the gold price by the World Gold Council are the main causes of this boom. The Senco Gold was seen trading close to ₹ 380 with a gain of 5%, Kalyan Jewellers closed around ₹ 600 and Titan also recorded a 1% increase. Despite Broader Market Weakness, Jewelry Stocks Outperformed Due to Strong Festive Demand Expectations, Stable Gold Pries Prois Projects Projected for Late 2025, And Exposition Plans by KEY Players. Watch this video for a detailed analysis on what’s Driving this uptrend and whether it’s a good time to invest in jewelery stocks.