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Goldman Goes Big On India, Upgrades To Overweight Amid IPO Frenzy On Dalal Street

This special report focuses on a major upgrade for Indian markets by global brokerage Goldman Sachs, which has revised its rating to 'overweight' and set a Nifty target of 29,000 by December 2026. The bulletin also covers a hectic week for the primary market with seven IPOs, including Lenskart's listing and issues from PhysicsWallah and Tenneco Clean Air, set to raise over ₹11,000 crores. Discussing the bullish sentiment, market expert Shailendra Bhatnagar stated, 'There is a lot of foreign flows likely to come in into India now that Chinese markets have peaked in the short term.' The programme further delves into the latest EV sales figures where VinFast outsold Tesla in October, the impact of a U.S. government shutdown on air travel, and key corporate earnings driving stock-specific action.

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Why hasn't Governor invited Vijay to form government? Experts weigh in

A major political standoff has erupted in Tamil Nadu as the state governor allegedly delays inviting the single largest party to form the new government. Despite submitting a letter of support with one hundred and twelve elected representatives, the governor has reportedly demanded proof of a simple majority of one hundred and eighteen before administering the oath of office. Political analysts and legal experts argue that constitutional precedents mandate the governor to invite the single largest party and allow them to prove their majority on the floor of the legislative assembly, rather than turning the governor's residence into a testing ground. Amidst the delay, rumours of an unlikely alliance between rival Dravidian parties have surfaced, though these are widely dismissed as pressure tactics. Meanwhile, forty elected representatives from the leading party have reportedly been relocated to a resort to prevent potential poaching. Experts warn that any attempt by constitutional authorities to subvert the electoral mandate could lead to severe institutional clashes and undermine the democratic process in the state.

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