Stock Market LIVE: GIFT Nifty Indicates Muted Open; Bharti Airtel, Infosys, Wipro, Ola Electric In Focus

Macquarie has initiated coverage on Lenskart Solutions Ltd. with an ‘Outperform’ rating, citing the company’s vertically integrated supply chain, strong execution track record and significant headroom for market share gains in India and international markets.

• Initiate Buy with target price of Rs 180

• Groww has become the largest broker in India

• Product velocity a key driver of growth similar to Robinhood

• Think Groww has several levers to drive 35% EPS CAGR over FY26-28

• See 19% growth in broking business led by client vintage & mkt share gains

• See 5x growth in new initiatives like margin trading facility & wealth mgmt.

• See 700bps margin expansion

Accenture’s latest quarterly commentary reinforces a familiar theme for Indian IT services: demand has neither worsened nor meaningfully improved. While deal activity remains healthy and AI-led transformation continues, brokerages flag limited visibility on discretionary spending revival, keeping expectations for Indian IT growth cautious.

Read the whole story here.

Gold traded near a record and platinum extended a breakneck rally that saw it surge close to $2,000 an ounce after softer-than-expected US inflation data.

Gold prices in India dipped marginally to Rs 134,720, with silver also witnessing a slight downtick at Rs 203,210 on Friday, according to the India Bullion Association.