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Markets / The Economic Times
Mittal said that the group does not have any challenges on the capital front to undertake the expansion activities, pointing out that it is yet to fully deploy the Rs 10,500 crore of capital committed by external investors
Indian markets touched new all-time highs before profit booking trimmed gains, with optimism around upcoming rate cuts supporting sentiment. Analysts see a positive short-term trend, with Nifty holding above key averages and strong activity across major stocks despite neutral broader market breadth.
Muthoot Microfin will raise Rs 450 crore through privately placed bonds aimed at high net worth investors over the next two months. The three tranches, offering 9.79.95% interest, begin December 3, ahead of the RBI policy announcement, according to the company.Muthoot Microfin will raise Rs 450 crore through privately placed bonds aimed at high net worth investors over the next two months. The three tranches, offering 9.79.95% interest, begin December 3, ahead of the RBI policy announcement, acc
Nifty finally broke its previous lifetime high after 14 months but ended flat. Analysts say the trend remains bullish with RSI supportive and key averages intact. Two stocksBelrise Industries and Mahindra Lifespacereceived buy recommendations.
Vanke's plan announced late on Wednesday accelerated a selloff that had begun a day earlier when a media report sparked speculation that the state-backed developer - a bellwether for the industry - might face a debt restructuring
The initial public offering (IPO) will conclude on December 3 and the bidding for anchor investors will open for a day on November 28, Mumbai-based Invicta Diagnostic said in a statement
Friday's growth report is likely to print a firmer-than-consensus 7.5%, though with annual inflation below 2% and the current quarter's to average below 1%, we maintain our view for a 25 bps cut at the December meeting, said Radhika Rao, executive director and senior economist at DBS Bank.
A subsidiary of Prudential will sell up to 10% stake in the IPO, with the asset manager eyeing a valuation of $12 billion, according to one of the sources.
Indias REIT market, now 1.6 lakh crore in size, is poised for a 10.8 lakh crore boost by 2029 driven by office-retail supply, strong NOI growth, high occupancy, institutional inflows and ample debt headroom.
Indias private credit market is relatively a matured asset class and growing rapidly. Mid-market corporates with strong operating track records are seeking flexible, non-dilutive growth capital suiting their financial needs, said Rakshat Kapoor, Head Private Credit, Motilal Oswal Alternates.
Seven BSE midcap stocks touched new 52-week highs as the Sensex closed higher, signalling strong bullish momentum. Recent steady gains across financials, industrials and transport players suggest continued short-term upside for these outperformers.
The list of cancelled entities includes Truenorth Labs Pvt Ltd, Equity Mantra, Saurabh Mundra, Sheetal Agrawal, Ateet Hemant Wagh, Getbasis Securities and Technologies India Pvt Ltd, Lucid Technologies, and Avenue Venture Partners Investment Adviser LLP, among others.
Nifty and Sensex touched fresh lifetime highs after 14 months, with strong sectoral momentum. Ashok Leyland, Gallard Steel and GMDC surged, while Whirlpool, CarTrade and Magellanic Cloud tumbled on deal developments and heavy selling.
India's benchmark equity indexes, BSE Sensex and Nifty 50, hit record highs on Thursday, but foreign investors have been net sellers of Indian stocks in November and so far this year.
With the European Central Bank firmly on hold, European rates have been fairly muted in recent weeks. Spillovers from moves in stocks or U.S. and Japanese government bonds have not been sufficient to drive significant shifts either.
India's Real Estate Investment Trust (REIT) market is on the brink of a massive expansion, with a potential Rs 10.8 trillion growth opportunity emerging across office and retail segments over the next four years, noted a report by real estate and investment management company JLL.
HDFC Capital Advisors is the real estate private equity arm of HDFC Group, while Hero Realty is the real estate arm of Hero Enterprise.
Despite pharmas one-year underperformance, Sharekhan sees strong revenue growth and identifies five top stocks with 916% upside potential.
Aequs Limited, a precision aerospace and consumer component manufacturer, opens its IPO for bidding on December 3 to raise Rs 670 crore via fresh equity. The offer also includes an OFS by promoters and investors. Proceeds will fund debt repayment, capital expenditure, strategic acquisitions, and general corporate purposes.
Indian equities reached new all-time highs on Thursday, with both the Sensex and Nifty briefly touching record levels before closing with modest gains. Investor optimism, fueled by expectations of potential U.S. and domestic interest-rate cuts next month, supported a positive market sentiment and attracted fresh buying.
Suzlon Energy delivered a strong quarter with improved margins, efficient execution, and solid profitability despite institutional investors reducing exposure. While fundamentals continue to strengthen, technical indicators show short-term weakness. Analyst sentiment remains broadly positive, suggesting potential upside as the company advances its turnaround within Indias expanding clean-energy landscape
Magellanic Clouds shares hit a 10% lower circuit on November 27, dragging the stock down more than 46% in just four trading sessions, despite the company announcing a Rs 6 crore order win from East Coast Railway earlier in the week. The stock has now dropped around 68% from its July high and is down 55% in 2025 so far.
Ahmedabad gears up for the 2030 Commonwealth Games with a massive infrastructure push. Expect significant upgrades to metro, BRT, and roads, alongside a substantial boost in sports facilities costing an estimated 20,000 crore. The city faces a huge hospitality challenge, needing 50,000 rooms, and anticipates a surge in real estate values and tourism.
The Nifty Infrastructure Index has outperformed the Nifty 50 by a wide margin, delivering 2x its three-year returns as India enters a multi-year capex boom. Investment managers highlight strong order books, improving execution, and sectoral tailwinds across roads, airports, logistics, energy, and digital infrastructure through FY26FY30.
The Nifty is near record highs, but Devina Mehra warns the broader market remains weak, with nearly half of stocks still 20% below their peaks. In an interview, she explains why the rally is narrow, why PSU banks still offer value, and why FMCG, pharma and autos remain strong bets as investors await a broader market recovery.
Nifty reclaimed a fresh record high after 14 months, ending a long corrective phase driven by expensive valuations, heavy FII outflows, geopolitical risks, and soft earnings. Despite the milestone, foreign investors still remain significantly under-exposed to India, with their holdings at a 15-year low following over 2 lakh crore in selling this year.
Markets are poised for new highs as strong Q3 demand, GST cuts and improved liquidity boost sentiment, says Prabhudas Lilladhers Amnish Aggarwal. Largecaps are expected to lead the next rally, autos and jewellery remain bright spots, while Paytms regulatory approvals lift long-term sentiment. Aggarwal remains cautious on infrastructure, capital goods and global cyclicals amid slower capex trends.
Despite the small-cap index showing minimal movement, several individual small-cap stocks have delivered exceptional returns. Twelve names gained more than 50% in three months, with Indo Thai Securities soaring nearly 200%. These performances stand out against the Sensexs steady rise, revealing strong pockets of momentum within the broader small-cap universe.
BOJ board member Asahi Noguchi emphasised a measured, step-by-step approach to interest rate hikes to balance growth and inflation. Rapid increases risk slowing wages, while slow hikes may destabilise the economy. Policy will consider price stability, exchange rates, and asset prices, with the rate serving as a flexible tool.
Sensex and Nifty hit record highs, but nearly half of Nifty50 stocks remain below all-time peaks, highlighting a narrow rally led by a few largecaps. Retail investors are exiting secondary markets for IPOs, while analysts advise caution, selective buying, and tight risk management amid high valuations and market concentration.
The Nifty50 index reached a record high of 26,310.45. Strong buying in financial, IT, infrastructure, and consumption stocks fueled the rally. Domestic institutional flows and sector-specific momentum supported the gains. Bajaj Finance and Larsen & Toubro were among the top performers. Despite some declines, the overall market sentiment remained positive.
Gujarat Mineral Development Corporation (GMDC) shares surged 7% for a third consecutive day following a Rs 7,280-crore government incentive scheme to boost domestic production of critical minerals. This initiative aims to reduce reliance on China and create significant production capacity for rare earth magnets, benefiting companies like GMDC.
Natco Pharma shares fell as investors booked profits after a sharp rally in the previous session. The stock has been volatile this week, slipping earlier after the US FDA issued seven Form-483 observations at its Manali API plant, which the company said were manageable.
Seasoned voices like Dinshaw Irani expressed unwavering confidence in the market's trajectory, anticipating new highs this year. He dismissed valuation concerns, highlighting strong earnings growth across market caps as the primary driver. Irani is particularly excited about smallcaps, seeing significant potential for growth once foreign investors rejoin the rally.
IREDA shares have witnessed volaityly in the recent past, surging 632% in 13 months before tumbling 42% in just 50 sessions. Despite strong Q2FY26 earnings and long-term growth potential, analysts warn of ongoing bearish momentum, margin pressures, and sectoral headwinds. Investors are advised to hold near support levels of Rs 137140.
Indian regulators are considering easing strict rules on currency derivatives after a significant market shift offshore. The Reserve Bank of India's 2024 enforcement of requiring underlying exposures for derivative positions led to a sharp decline in domestic trading, while overseas markets saw a surge. Discussions are underway to potentially revive the market for individual traders with new safeguards.
Vodafone Idea Telecom Infrastructure is reducing its bond sale to 32 billion rupees. The company seeks cheaper funding from lenders. It plans to raise debt through two-year and three-year bonds. The funds will support expansion. The company expects to secure cheaper bank funding in 2026. This follows a Supreme Court order on adjusted gross revenue dues.
Indian markets have hit a new record high. Investors are now looking ahead to future opportunities. Earnings strength and visibility are key factors for investment decisions. A turnaround in earnings is expected from early 2026. This will be supported by government priorities and potential RBI rate cuts. Select sectors show earnings improvement. Large banks are catching up.
Japan plans to boost short- and medium-term bond issuance to fund a massive 21.3 trillion yen stimulus package. This move comes amid concerns over rising super-long yields and potential risks to the nation's A sovereign debt rating, as highlighted by Fitch Ratings. The government will increase scheduled JGB sales, focusing on two- and five-year maturities.
Japanese government bond yields dropped on Thursday. This followed less hawkish comments from a Bank of Japan board member. Demand for super-long bonds also increased due to regular index reshuffling. The five-year yield saw a notable fall. The two-year yield remained steady. The 10-year yield also declined. Super-long bond yields experienced a decrease.
Indian government bonds traded within a narrow range as traders awaited crucial GDP data, which could influence future interest rate cut expectations. The benchmark 10-year yield hovered near recent lows, with market participants divided on the extent of further monetary easing by the Reserve Bank of India.
Kotak Institutional Equities has initiated coverage of Urban Company with a sell rating and a target price of Rs 120, weeks after its strong market debut. The stock, which opened at Rs 162.25, has slipped to Rs 138.20 as of November 26, down 15% from its IPO price, reflecting concerns over growth costs despite a strong expansion story.
CarTrade Tech shares fell 5% after the company and Girnar Software mutually agreed not to proceed with the proposed acquisition of CarDekho and BikeDekho, a deal that could have reshaped Indias automotive classifieds and digital auto-retail market.
Domestic brokerage Prabhudas Lilladher has increased its Nifty target to 29,094. The firm sees growth in financials, consumer, defence, and ports. Eleven preferred large-cap stocks are recommended for investors. These picks include Adani Ports, SBI, ITC, and L&T, among others, with potential for significant upside.
Bitcoin reclaimed the $91,000 mark, driven by renewed buying interest, improved sentiment and large overnight BTC withdrawals hinting at institutional activity. Ethereum also climbed above $3,000, while major altcoins rallied. Analysts say a strong close above $92,500 could open the path toward $95,000.
MCXs surge past Rs 10,000 milestone, has turned Uday Kotaks 2014 crisis-time investment into a massive 1,618% gain, with Kotak Mahindra Banks 15% stake now valued at 7,887 crore. The rally follows strong earnings, rising 29% YoY, and has pushed the stock well above key moving averages despite elevated volatility.
Indias push to develop rare earth processing could sharply reduce dependence on China and strengthen supply chains for autos, EVs and aerospace. Marketsmith Indias Mayuresh Joshi says the approval will unlock investments, build domestic capability and benefit manufacturers over the long term. While not a quick fix, the move positions India for strategic, tech-driven industrial growth.
US markets may seem calm but economist Andrew Freris sees underlying weakness. Consumer confidence has dropped significantly. Inflation remains high. Freris believes any Fed rate cut would signal economic trouble, not progress. He strongly advises against investing in US stocks. Instead, he suggests focusing on Asia and the European Union for better returns.

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