Sam Altman-led OpenAI is reportedly preparing to confidentially file draft papers for its IPO as early as Friday, according to CNBC, in what could become one of the biggest public listings ever. The ChatGPT-maker, valued at over $850 billion by private investors, is said to be working with Goldman Sachs and Morgan Stanley on the filing process, with a potential Nasdaq debut as early as September.
SpaceX is reportedly preparing for a mega IPO that could value the company at nearly $1.75 trillion, making it one of the largest listings ever. Investor interest is being driven by Starlink’s rapid growth, AI ambitions, and the expanding commercialisation of satellite internet and space infrastructure despite valuation and governance concerns.
Nvidia delivered another blockbuster quarter driven by surging AI infrastructure demand, reinforcing its dominance in the global AI ecosystem. However, despite strong revenue growth and upbeat guidance, investors remain concerned about elevated valuations, China-related risks, rising competition, and whether the current AI spending frenzy can be sustained over the long term.
Lenskart Solutions shares surged after the eyewear retailer reported a strong Q4FY26 performance, with revenue from operations rising nearly 46% YoY to Rs 2,516 crore. The upbeat earnings prompted bullish brokerage views and target price upgrades, pushing the stock to a near one-month high of Rs 517 on the NSE. The rally added more than Rs 5,235 crore to the company’s market capitalisation, taking its valuation close to Rs 90,000 crore.
Indian stock markets are navigating a balance between optimism and caution. Inflationary pressures and global uncertainties are key concerns. However, selective buying is emerging in mid and smallcap stocks, driven by positive quarterly earnings. Investors are closely watching sectors like QSR, auto ancillaries, and IT for further trends. The long-term EV ecosystem story remains strong.
Five NSE F&O stocks witnessed sharp futures open interest buildup on May 20, led by PI Industries and PB Fintech, indicating rising trader participation through fresh positions and increased market activity.
India faces mounting economic challenges, with UBS warning of a potential rupee slide to 100 and a $50 billion balance of payments stress. GDP growth could dip to 5.5% in a worst-case scenario, while earnings outlook remains uncertain. Banks are better positioned, but power and renewables offer a bright spot.
Market watchers anticipate significant shifts in the BSE Sensex this June. Hindalco Industries or Shriram Finance are poised for inclusion, potentially attracting substantial passive investment. Conversely, Trent is expected to be excluded due to a dip in its free-float market capitalization. Nuvama predicts the announcement on May 22, with changes effective June 19.
Apollo Hospitals announced robust financial results for the fourth quarter and the full fiscal year 2026. Consolidated revenue and net profit saw significant year-on-year increases. Growth was fueled by its healthcare services, diagnostics, and retail health segments. The company is expanding its bed capacity and focusing on underserved markets.
OpenAI is reportedly preparing to file for an IPO in the coming days or weeks, according to a Wall Street Journal report citing sources. The ChatGPT maker is working with Goldman Sachs and Morgan Stanley on a confidential draft prospectus. The company has not officially confirmed the development.
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