Business / The Economic Times
Gold and silver prices rose modestly on 19 November, ending a two-day decline, amid subdued expectations of a US rate cut. December gold on MCX gained Rs 160 to Rs 1,22,751 per 10 grams, while silver rose Rs 700 to Rs 1,55,344/kg. Traders await US jobs data and Fed minutes for direction.
Indian IPO markets are witnessing significant gains, with Groww crossing a 1 lakh crore market cap. Experts note rich valuations for platforms like Groww and PhysicsWallah, suggesting a long-term investment focus due to low equity penetration and sector tailwinds, despite valuations running ahead of fundamentals.
Indian markets are experiencing cautious trading amid global risk-off sentiment, with investors awaiting corporate earnings and sectoral developments for momentum. Market strategist Dharmesh Kant highlights BFSI, defence, and selective infrastructure as promising long-term investments, while noting Jubilant Food as a top pick in the QSR sector.
Growws parent, Billionbrains Garage Venture, hit a 10% lower circuit after a steep post-listing rally of over 90%, signalling early selling pressure. Analysts attribute the decline to stretched valuations and rally fatigue, especially as peers like Angel One and Motilal Oswal trade at lower market caps. While the long-term story remains strong, experts caution that cyclical industry trends and potential regulatory changes could impact growth.
Indian companies are showing signs of earnings improvement following Q2 results, with six brokers anticipating steadier profit growth in upcoming quarters. While large-cap stocks appear safer, margins may have peaked. Analysts are optimistic but cautious, with around 50 buy-rated stocks identified across various sectors, including banking, autos, and IT.
U.S. jobless claims rose amid weak hiring and delayed labour data following a government shutdown. Housing sentiment remains low due to affordability pressures and high mortgage rates, with recovery expected only by mid-2026.
Tenneco Clean Air India shares: Tenneco Clean Air India made a strong market debut, listing at a 27% premium on the NSE and 25.4% on the BSE. The Rs 3,600-crore IPO, an entirely offer-for-sale issue, saw heavy institutional interest, with overall subscription at 61.79 times, led by QIBs at 174.78 times. The robust response highlights investor confidence in the companys business model and global pedigree.
Alchemy Capitals Alok Agarwal says Indias markets are entering a stronger phase as midcaps deliver robust earnings and the IndiaUS trade deal nears completion. With Nifty 500 posting its best growth in six quarters, Agarwal prefers midcaps, PSU banks, defence, power and capital market stocks for their superior visibility and valuations anchored by strong PEG ratios.
India and the US are nearing a trade deal, potentially resolving tariff issues and boosting export-oriented sectors. This development could lead to positive investor sentiment, with ten identified stocks showing significant upside potential, ranging from 12% to 34%.
Shares of Waaree Energies fell up to 6% after Income Tax officials visited its facilities for an investigation. The company, which reported strong Q2 net profit growth of 133% to Rs 842 crore, confirmed full cooperation with authorities. An interim dividend of Rs 2/share was recently paid.
Foreign holdings of U.S. Treasuries fell in September for the first time in six months, with Japan and China showing contrasting trends. While Japan increased its holdings to the highest level since 2022, China continued reducing exposure amid economic pressures. Overall capital inflows into the U.S. remained strong, supported by robust foreign buying in equities.
India's primary market is poised for a blockbuster 2026, with projections of nearly Rs 1.77 lakh crore in IPO fundraising. Key listings expected include Reliance Jio, NSE, Flipkart, PhonePe, and SBI MF, potentially reshaping the market landscape with significant institutional and retail interest.
PhysicsWallah is set for aggressive expansion, deploying IPO proceeds to open 200 offline centres in three years while scaling its profitable online business across 11 Indic languages. The edtech firm has launched its 300-per-month OTT learning platform Pi, is boosting state-board offerings, and expects online revenue to rise to 55% by FY30 as premium courses gain traction.
On a lackluster Wednesday, Indian stock markets registered a downturn, with the Sensex and Nifty both halting their upward momentum. Global sentiments echoed this caution, as traders awaited clearer signals regarding a prospective trade agreement between India and the US. The Sensex fell 82 points while the Nifty 50 experienced a 31-point decline right at the open.
Global investors are eyeing India as the AI stock frenzy shows signs of a bubble, potentially shifting capital from tech giants to Indian equities. Experts suggest this rotation could boost India's Nifty50, which has lagged due to AI-driven flows into Taiwan and South Korea. India's market, less reliant on AI, offers a potential haven.
Inox Wind and KP Energy have signed an exclusive MoU to jointly develop 2.5 GW of wind and wind-solar hybrid projects across multiple states. Inox Wind will supply turbines, engineering support, and handle turbine commissioning and O&M, while KP Energy will manage land, approvals, connectivity, and balance-of-plant EPC and O&M. The collaboration aims to streamline project execution and boost efficiency.
5 stocks witnessed a 5 year swing high at the closing on November 18.
Cement demand and pricing trends surprised positively in Q2, supported by consolidation and broad-based recovery across housing, rural demand, and government capex, says CLSAs Indrajit Agarwal. While metals face global oversupply pressures, Indias EMS sector is set for a long-term growth boom. Agarwal outlines key sector trends, pricing dynamics, capex cycles, and investment implications for 2025.
HUL shares rise over 1% after firm sets December 5 as record date for ice-cream business demerger
KEC International share price: KEC International shares fell 7.2% after the firm said Power Grid barred it from bidding for new tenders for nine months starting November 18, citing a previously disclosed contractual breach. The restriction wont affect ongoing projects. KEC said it is evaluating all options, including legal recourse, to address Power Grids decision.
When the closing price rises above the VWAP, it signifies that the stock closed higher than the average price at which it traded throughout the day, with the average weighted by trading volume.
A current account deficit (CAD) occurs when a country's total value of imports of goods, services, and capital is greater than the total value of its exports and other income. It indicates that more money is flowing out of the country than is flowing in. The report highlighted that the trade deficit is likely to witness seasonal pressures due to festive demand effects. Lower commodity prices, especially oil, may, however, help limit the overall impact.
On November 18, seven stocks from the Nifty500 pack were highlighted in the RSI Trending Up scan, based on data from stockedge.com
The Reserve Bank of India's inflation forecasts have been consistently overestimated this year, leading to a hawkish policy stance and potentially restrictive interest rates. Economists attribute these misses primarily to a sharp drop in food prices, prompting calls for policy adjustments and potentially impacting the central bank's credibility.

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