(NSE: CUPID) is set for an interesting session, having closed Friday at ₹366.10.
Early indications suggest a positive start for the counter, opening at ₹368.00, but has since slipped to ₹362.00, reflecting a minor decline of 1.12% from its previous close as early sentiment remains cautious amidst broader market mixed signals.
The stock's recent robust rally, which saw it touch a fresh record high of ₹368 on Friday, October 9, 2026, on the back of positive corporate updates, positions it as a key stock to monitor for directional cues.
Overnight & Global CuesIndian equities are generally anticipated to open with a mildly positive bias this Monday, October 12, 2026, as signalled by GIFT Nifty trading slightly higher.
This follows a winning close for US markets last Friday, with the Dow Jones Industrial Average rising 0.83%, the S&P 500 gaining 0.59%, and the Nasdaq Composite advancing 0.64%.
US stock futures have also edged higher in early Monday trade.
However, Asian markets opened mixed, with South Korea's Kospi falling 2% and Taiwan's Taiex declining 0.3%, while Japanese markets remained closed for a holiday.
Crude oil prices have eased, with Brent crude slipping towards $103 per barrel, offering some relief, though elevated energy costs remain a concern for India's import bill and inflation outlook.
The Indian rupee strengthened against the US dollar, supported by recent Reserve Bank of India measures to stabilise the currency.
In terms of institutional flows for Friday, October 9, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹3,568.90 crore, extending their selling streak.
Conversely, Domestic Institutional Investors (DIIs) provided strong support, emerging as net buyers with an inflow of ₹4,743.26 crore.
Persistent FII outflows continue to be a significant overhang on the broader market.
Recent DevelopmentsCUPID has been buzzing with positive corporate developments over the past few days.
The company recently approved the conversion of up to 30 lakh warrants of Baazar Style Retail Limited into equity shares at ₹328.25 per share.
Furthermore, it....
