News
Markets / The Economic Times
Canara Bank raised 3,500 crore through AT1 bonds at a 7.55% coupon, attracting strong demand ahead of the RBIs upcoming policy. With expectations of further rate cuts, banks are rapidly mobilising funds as investors seek higher returns before potential interest rate softening
Six BSE large-cap stocks surged to new 52-week highs on Friday despite a flat Sensex. Shriram Finance, Hero MotoCorp, Motherson, Adani Ports, Reliance Industries and Cummins India all posted strong monthly gains, signalling bullish momentum and potential short-term upside for traders
A 50-year-old with 80 lakh in FDs and 60,000 monthly expenses can target 1.23 crore in five years by adding limited equity exposure. Experts recommend hybrid funds, SWP withdrawals, and delaying retirement to boost long-term financial security
Nifty and Sensex ended slightly lower as financials and IT dragged. Stock-specific moves dominated with Paytm, Sudeep Pharma, M&M, Reliance Infrastructure, GAIL and GMDC seeing sharp swings driven by upgrades, listings, tariffs and profit-booking
BNP Paribas sees a muted cement outlook but remains bullish on Ambuja Cements, JK Cement, and UltraTech Cement, forecasting up to 29% upside despite weak pricing trends
Nithin Kamath cautions retail investors against blindly chasing pre-IPO shares amid extreme valuations and hype. He flags 100500% markups, poor pricing, misleading promotions, regulatory gaps, and the rising risks in unlisted shares and crypto derivatives despite booming IPO sentiment
Indian markets have quietly turned, says Helios Capitals Samir Arora, noting that MSCI India is outperforming global peers despite muted retail sentiment. Arora believes GST cuts, rate cuts and tariff relief will fuel broader participation, with midcaps and smallcaps set for a catch-up rally. He warns against speculative broker stocks but remains bullish on financials and long-term domestic themes.
The Indian rupee logged a monthly fall and closed just shy of its record low on Friday, largely supported by intervention by the central bank which countered pressure from outflows and a pickup in appetite to wager against the currency
Reliance Infrastructure shares jumped 17% in three sessions, reversing last weeks steep fall. The stock remains far below its 52-week high, but bargain buying, stabilising quarterly numbers, and returning domestic institutional interest have revived sentiment. Traders say technical support and value buying are driving the sharp rebound in the Anil Ambanigroup stock
Indian stock markets closed with a slight dip on Friday. The Sensex and Nifty saw minor fluctuations throughout the day. Investors took profits near record highs. They considered potential interest rate cuts in the US and India. Domestic growth figures also influenced trading. Both major indices ended marginally lower after reaching new peaks previously.
Despite Nifty hitting a fresh all-time high, most retail portfolios remain in the red as gains are concentrated in a few heavyweight stocks. Broader market weakness, poor small- and mid-cap performance, and narrow participation continue to drag investors down
Several newly listed companies may witness increased December trading activity as shareholder lock-in expiries free up nearly Rs 7,000 crore worth of equity. While this does not guarantee immediate selling, key names such as Groww, Lenskart, Urban Company, Pine Labs and Orkla India could see heightened investor attention as fresh supply enters the market.Several newly listed companies may witness increased December trading activity as shareholder lock-in expiries free up nearly Rs 7,000 crore wo
Nomura has initiated coverage on Anthem Biosciences with a Buy rating and a 740 target, citing attractive valuations, strong CRDMO positioning, diversified capabilities, and robust revenue and earnings growth projections despite recent stock correction.
Lenskarts upcoming results are closely watched as investors assess growth momentum, margin improvement and the impact of its aggressive expansion. Analysts expect steady revenue gains, rising active shoppers and improving store economics. Despite valuation concerns, the long-term opportunity remains strong, supported by an under-penetrated market and Lenskarts integrated, cost-efficient operating model.
Market expert Anshul Saigal says raw material volatility in sectors like jewellery, pipes and FMCG is a buying opportunity, not a long-term risk. He expects GST cuts, rising incomes and sectoral consolidation to drive strong growth in FMCG and real estate, while quality capital goods and metals offer value. Saigal urges investors to stay bottom-up and long-term focused.
Meesho's upcoming IPO highlights the rise of India's digital economy, driven by small towns. The company built its success by empowering micro-entrepreneurs and resellers, offering affordable products to a digitally connected 'Bharat'. This strategy has fueled rapid growth, making it a significant player beyond metropolitan markets.
Eight fundamentally strong stocks staged a sharp turnaround in Q2FY26, returning to profitability after two loss-making quarters and rallying up to 75% so far this fiscal year.
Aequs Limiteds Rs 921.81-crore IPO opens on December 3 with strong grey-market interest, trading at a 21% premium over the upper price band of Rs 124. The issue includes a fresh offer and OFS, with listing expected on December 10. Pre-IPO participation by major funds signals solid institutional demand.
A 72-year-old Mumbai resident, Bharat Harakchand Shah, has filed a police complaint after discovering that his inherited equity portfoliolong believed to be growinghad allegedly been mismanaged, leading to a sudden demand for 35 crore. The case is now under investigation by Mumbai Polices Economic Offences Wing, with an FIR filed against Globe Capital.
Indian markets have hit fresh all-time highs, but most portfolios remain muted. Market expert Anshul Saigal says this is the ideal moment for long-term investors as valuations have corrected sharply after 14 months of consolidation. He highlights opportunities in capital goods, renewables, metals, banking, consumption and gold financiers, and explains why this phase is perfect for building quality portfolios.
Japan's Nikkei 225 closed up 0.2% on Friday, extending its weekly gain despite a challenging November. Investor focus is shifting to upcoming central bank decisions, with Tokyo's core inflation hinting at a potential Bank of Japan rate hike. U.S. tech stocks' performance hinges on the Federal Reserve's December interest rate outlook.
Early investors in Meesho, including Elevation Capital, Peak XV and Y Combinator, are set for major gains in the IPOs offer-for-sale as they sell 10.38 crore shares at 111 each. Their combined initial investment of about 131 crore has grown to over 1,020 crore translating into returns of roughly 877 for every 100 invested.
Meeshos Rs 5,421-crore IPO is drawing strong interest, with grey market trends indicating a potential 30% listing premium. Despite continuing losses, the platform is expanding rapidly, with sharp growth in users, orders, and active sellers. Proceeds will support technology upgrades and marketplace expansion ahead of the December 10 listing.
Reliance Industries hit a fresh 52-week high after Jefferies reaffirmed its Buy rating and projected a 14% upside. The brokerage cited strong earnings momentum across retail, O2C, telecom, and FMCG, along with favourable valuations. Upcoming triggers include robust festive demand, JioMart expansion, elevated refining margins, and Jios expected 2026 IPO.
Australian shares experienced their worst November in over a decade, with the S&P/ASX 200 index falling 3%. Heavyweight banks declined due to lofty valuations and margin pressures, while strong inflation and employment data diminished hopes for near-term rate cuts. Resources stocks, however, continued their upward trend.
RAjay Bagga warns that despite Nifty and Sensex hitting record highs, Indias market rally remains fragile due to promoter selling, elevated valuations, weak earnings momentum, and currency pressure. He explains what will bring FIIs back, why the USIndia trade deal matters, and how investors should position across BFSI, consumption, IT, and multicap strategies.
Bitcoin has recovered to $91,000 after a significant drop. Renewed buying and institutional interest are driving this rebound. However, the cryptocurrency remains volatile, reacting to market sentiment. Experts see short-term consolidation likely. Bitcoin and Ethereum are trading above recent gains, with markets preparing for potential future movements.
Sudeep Pharmas strong stock market debut turned into an early rally, with shares gaining up to 8% after listing at a nearly 24% premium to the IPO price. The Rs 895 crore issue drew heavy demand across all investor categories, reflecting confidence in the companys position in speciality pharma ingredients. While analysts see long-term potential backed by high margins and strong export presence, they advise caution on near-term risks such as margin pressure and raw material volatility, suggesting
GMDC shares fell after a three-day surge as traders booked profits, following strong gains driven by a government incentive to boost rare earth magnet production. The stock faced short-term technical resistance, though long-term trends remain positive. Profit taking set in after optimism around GMDCs role in Indias strategic minerals push.
Indias Atmanirbhar Bharat vision needs a sixth pillarfinancial self-reliance. As domestic savings, market participation, and long-term capital grow, India can increasingly fund its own development. Strengthening local market intermediaries, payment systems, and asset managers is essential to reduce external dependence and build a resilient, sovereign financial ecosystem.
India's real estate sector is set for a major shift. Private credit is becoming a key driver for the nation's one trillion dollar real estate goal. Institutional investors are increasing their real estate allocations. This trend offers stability and diversification. Flexible funding beyond traditional banks is crucial for project execution and urban development.
Nifty hit a fresh lifetime high in December, buoyed by favorable seasonality and positive FII/DII trends. Historically, December offers an average 1.6% return, with Nifty closing higher 60% of the time over the past decade. FIIs and DIIs have shown a generally positive flow, influencing market performance.
India's IT sector is poised for a measured comeback in 2026. Global rate stabilization and increased enterprise tech spending will drive this recovery. While 2025 was challenging, improving deal traction and margin repair are expected. Financials, industrials, and domestic consumption themes are also set for alpha generation. Valuations in pockets remain elevated, but earnings growth is anticipated.
Indias markets hit fresh all-time highs, and market expert Sunil Subramaniam says the rally is far from over. With DIIs driving steady inflows, FIIs showing signs of returning, stronger earnings ahead, and the IndiaUS trade deal nearing, he expects sustained upside. He outlines key triggers, sector strategies, and why investors should stay diversified and invested for 202526.
Indian government bonds are trading lower today. This follows a decline in the previous session. Traders are closely watching a government bond auction scheduled for later today. Economic growth data for the latest quarter is also due. Analysts expect the Reserve Bank of India to cut interest rates in December. Bond yields are expected to react to these events.
Goldman Sachs upgraded Paytm's parent company, One 97 Communications, to 'Buy' with a significantly raised price target, citing improving regulatory conditions and strong revenue growth prospects. The brokerage anticipates over 20% revenue growth and a doubling of EBITDA margins, bolstered by recent payment aggregator authorization and strategic focus areas.
GAIL's share price dropped sharply on Friday after PNGRB announced a lower-than-expected tariff revision for its natural gas pipeline network. The regulator raised tariffs to Rs 77.98/MMBTU but deferred full cost recovery until 2028, limiting GAILs ability to offset rising capex and opex, raising concerns over medium-term margins and earnings visibility.
Patel Engineering shares fell nearly 5% to Rs 35.58 on Friday after a sharp two-day rally. The stock had surged nearly 20% earlier in the week following the award of coal excavation and transportation contracts worth Rs 798.19 crore for the Jhiria West OCP in Chhattisgarh by SECL, with a nine-year execution period.
Sudeep Pharma debuted strongly on D-Street with nearly 24% listing gains, aligning with grey market expectations. The Rs 895-crore IPO saw robust demand, subscribing 93.71 times. Strong institutional interest, solid financials, high margins, and leadership in specialised ingredients underpin investor confidence as the stock begins trading on the secondary market.
Thyrocare Technologies shares slumped 66.7% to 492 on Friday as they began trading ex-bonus for the recently announced 2:1 bonus issue. The sharp drop is a normal adjustment due to the bonus issue and doesnt indicate any deterioration in fundamentals.
Mahindra & Mahindra shares surged following Nomura's Buy rating and a Rs 4,335 price target, driven by the launch of the feature-rich XEV 9S at a disruptive price. The brokerage anticipates strong SUV growth and sees the new vehicle as a catalyst for Mahindra's electric era, with bookings opening in January 2026.
Motilal Oswal has identified five stocks with significant upside potential, including Tata Steel, Coforge, Max Financial Services, TVS Motor Company, and Bharat Electronics. These recommendations come as the Nifty 50 index reaches an all-time high, driven by strong domestic fundamentals and policy support.
Gold prices opened higher above Rs 1.28 lakh, nearing two-week highs amid Fed rate cut optimism and a softer dollar, while silver also gained nearly 1%. Analysts expect volatility ahead of key global data, with gold and silver seen trading within defined support and resistance ranges on MCX.
Foreign investors are heavily investing in India's telecom sector, pouring 43,000 crore into it. This surge is driven by expected tariff hikes, rising average revenue per user (ARPU), and the upcoming Jio IPO. Analysts are optimistic about a multi-year monetization cycle, with major brokerages upgrading their outlook and projecting strong earnings growth for companies like Airtel and Jio.
Vidya Wires is launching its Rs 300-crore IPO on December 3 with a price band of Rs 4852. The issue includes fresh shares and an OFS, valuing the firm at a discount to industry peers. With strong FY25 revenues and solid profitability, the IPO offers attractive sector-linked growth potential.
Indian stocks opened slightly higher on Friday, with both the Sensex and Nifty hovering near their all-time highs. Investors are anticipating interest-rate cuts in the U.S. and India, while also looking forward to resilient quarterly growth data driven by strong domestic demand.
A 5-year swing high marks the highest price a stock has reached in the past five years and often acts as a significant resistance level.
Emcure Pharmaceuticals' shares could see action following a Goods and Services Tax search at its Mumbai offices. The inspection concluded this week. The company recently reported a robust rise in revenue and profit after tax. Domestic and international businesses both showed strong performance.
Indian government bonds are poised for a flat to slightly lower opening as traders anticipate a significant debt auction today, followed by crucial economic growth figures. The benchmark 10-year yield is expected to trade within a narrow band.
Zydus Lifesciences is set to be in focus after it received tentative approval from the United States Food and Drug Administration for Empagliflozin and Linagliptin combination tablets for type 2 diabetes, alongside final approval for a blood pressure treatment drug. The company also entered into a licensing and commercialisation pact with RK Pharma for a supportive oncology product in the US. Shares ended marginally lower on Thursday as investors assessed the latest regulatory developments.

20 C