The Economic Times News

Ace investor Vijay Kedia acquired a significant stake in Mahamaya Lifesciences through a block deal. He purchased nearly 9 lakh shares at Rs 140 each. This transaction highlights investor interest in the agrochemical firm. Mahamaya Lifesciences manufactures pesticide formulations and crop protection products. The company has shown strong financial growth recently. Its shares have performed well since their market debut.

ICICI Prudential AMCs Rs 10,600 crore IPO drew nearly Rs 3 lakh crore in bids, led by strong global and domestic institutional demand. Robust anchor participation underscored confidence, though valuation and OFS structure suggest a steady, not explosive, listing.

Indian equities declined for a second straight session as persistent foreign outflows, record rupee weakness and trade deal uncertainty weighed on sentiment. Financials, IT and metals dragged benchmarks, while technical indicators signalled continued bearish momentum in the near term.

Tata AIA Life Insurance Company and Aranda Investments, an affiliate of Temasek Holdings, on Tuesday bought a total of 1.53 crore shares, representing 1.4 per cent stake, of SBFC Finance for Rs 161 crore from Massachusetts Institute of Technology through open market transactions.

HashKey Group, Hong Kong's largest licensed crypto exchange, has set its initial public offering price at HK$6.68 per share, raising HK$1.61 billion ($206.96 million), according to an exchange filing on Tuesday.

Branding Edge has launched a digital content vertical to simplify capital markets and healthcare topics for Indian retail audiences, aiming to deliver clear, contextual and non-sensational explainers through timeless, narrative-driven formats starting February.

The government will divest up to 3% stake in Indian Overseas Bank via an offer for sale starting December 17, with a floor price of Rs 34, at a discount to market price.

Nifty extended losses for a second session. Analysts flagged rising bearish momentum but identified selective buy and sell opportunities based on technical breakouts and breakdowns.

Wall Street's main indexes slipped at the open on Tuesday after data broadly signaled a cooling U.S. economy, paving the way for more monetary policy easing by the Federal Reserve next year.

Nine stocks from the BSE Smallcap index hit fresh 52-week highs, reaching their strongest levels in the past year, seen as a sign of underlying bullish momentum.

Promoter Bhavish Aggarwal on Tuesday sold over 2.6 crore shares of Ola Electric Mobility through a bulk deal. The shares were offloaded at Rs 34.99 apiece, valuing the transaction at around Rs 92 crore.

KSH Internationals Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook.

Seven companies across fintech, healthcare, retail, manufacturing and environmental engineering have secured Sebi approval to launch IPOs. The cleared list includes Fusion CX, Orient Cables, RSB Retail, Lohia Corp, SFC Environmental, Turtlemint Fintech and Yashoda Hospitals, highlighting a broad-based primary market pipeline.

Seven NSE midcap companies have delivered consistent EPS growth for four consecutive quarters till September, signalling improving profitability, strong execution and potential for sustainable earnings momentum, as per StockEdge data.

Nasdaqs plan for 24x7 trading could change how Indian markets absorb global cues, with price discovery becoming continuous rather than overnight. Experts say this may increase opening gaps and short-term volatility in globally sensitive sectors, even as Indias long-term market drivers remain largely domestic.

Vedanta, Meesho and SEPC saw sharp gains, while Axis Bank, Ola Electric and Policybazaar declined as markets ended lower amid broad-based selling on Tuesday.

Round-the-clock trading is fast approaching U.S. stock markets, but not all of Wall Street is embracing the move. Several of the largest U.S. banks are reluctant to push aggressively into enabling round-the-clock stock trading, even as equity markets are marching toward a broad rollout of nearly nonstop trading later next year and exchanges are preparing for action.

Indian markets may be nearing a turning point as consumption indicators improve and strategic foreign investors increase bets on financials, says ASK Private Wealth CIO Somnath Mukherjee. While FPIs remain net sellers, even small inflows could lift equities. He remains positive on InvITs, REITs and gold, citing structural demand and lower global interest rates.

The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal.

Indian equities extended their decline for a second consecutive session on Tuesday, with both the Sensex and Nifty closing lower. Persistent foreign portfolio outflows and a weakening rupee contributed to investor caution, further amplified by uncertainty surrounding a potential U.S. trade deal.

Coworking major BHIVE Workspace is in advanced talks to raise up to Rs 400 crore in a pre-IPO round, combining debt and equity funding. The capital will strengthen its balance sheet and fuel expansion into new cities as the company prepares for a planned IPO in 2027.

Silver has surpassed crude oil in price for the first time in over four decades, driven by a powerful rally fueled by industrial demand, safe-haven buying and macro shifts, while oil remains pressured by weak demand and oversupply.

Nifty has slipped below 25,900, signalling short-term weakness, but its broader uptrend remains intact, says HDFC Securities Vinay Rajani. He has also flagged 26,060 as the key resistance for a bullish reversal and 25,700 as crucial support. A break below this level could turn the trend into a positional downtrend.

Gujarat Kidney and Super Speciality has set a price band of 108114 for its 251 crore IPO, which will open for subscription from December 22 to 24, 2025. The issue is a fresh offer of up to 2.2 crore shares, with allocations of 75% for QIBs, 15% for NIIs and 10% for retail investors.

Vedanta shares surged to a 52-week high after the NCLT approved its demerger plan, creating five distinct entities. This approval provides significant relief following earlier government objections. The company is now set to implement the scheme, aiming for focused, sector-leading businesses.

Elon Musks net worth surged past $600 billion after a sharp one-day jump, driven by a major revaluation of SpaceX. The rise has widened the gap between Musk and other global billionaires, highlighting SpaceXs growing role in his wealth and fuelling speculation about a future trillionaire milestone.

Mutual funds stepped up equity buying in November 2025, adding nine stocks across multiple schemes amid strong inflows. These stocks witnessed rising institutional confidence and delivered double-digit returns in FY26 so far. The trend highlights sustained MF conviction in select large and mid-cap names across sectors.

Japan's Nikkei share average dropped more than 1% on Tuesday, weighed down by declines in chip and other artificial intelligence-linked stocks ahead of crucial U.S. employment data later in the day.

Market participants should brace for a phase where easy returns from broad themes may fade. Selectivity, precise bet sizing, and a sharp bottom-up approach will be crucial for portfolio construction in the coming months. Investors should focus on direct beneficiaries of government initiatives like MSME expansion, with credit and hiring-linked plays showing promise.

European shares drifted lower on Tuesday, pulling back after robust gains in the previous session, while investor caution ahead of crucial U.S. jobs data added to the dour mood.

Equity markets offer selective opportunities across autos, banks and consumption, says Sandip Sabharwal. He prefers Bajaj Auto on export-led margins, passenger vehicles for momentum, and large banks such as Axis, ICICI Bank and SBI. IT remains defensive, while equipment makers look better than power generators. A consumption revival could lift FMCG stocks.

PB Fintech shares fell amid concerns that the proposed Insurance Bill 2025 could allow IRDAI to cap insurance agent commissions, raising regulatory risks for digital insurance marketplaces and intermediaries.

Market expert Nitin Bhasin anticipates a phase of moderation for 2026, with largecaps likely to trade sideways while midcaps and smallcaps face sharper earnings moderation. He favors IT, FMCG, and pharma, and highlights opportunities in MSMEs and companies with global revenue streams, advising patience and sectoral selectivity.

Euro zone bond yields were steady on Tuesday as traders awaited the currency bloc's composite PMIs and a closely watched U.S. jobs report for a potential steer on the Federal Reserve's policy outlook.

Gucci owner Kering and private equity firm Ardian said on Tuesday they had completed a joint venture agreement for a New York property deal valued at $900 million.

Gross office absorption in India is expected to cross 80 million square feet in 2025, reaffirming the country's position as a global talent and enterprise hub, a report said on Tuesday, adding that global capability centre (GCC) expansion, in particular, emerged as a powerful driver, consolidating India's role in the global value chain.

PVR Inox shares rose on Tuesday as strong box-office collections from Dhurandhar lifted optimism around the cinema chain stock. Motilal Oswal's Nandish Shah sees up to 15% upside, citing a robust film pipeline and improving occupancy, while cautioning that earnings remain sensitive to content quality and footfalls.

Meesho co-founder and CEO Vidit Aatrey has joined Indias billionaire club after the newly listed e-commerce firms shares surged 13% to a fresh high. The rally lifted Meeshos market value past Rs 85,000 crore, boosting Aatreys 11.1% stake beyond $1 billion.

Hindustan Zinc shares have surged on a record rally in silver prices, rising 15% in six sessions and adding 32,000 crore in market value, as silver crossed 2 lakh on MCX and hit about $65 globally. Supported by low-cost zinc operations, the stock is up over 28% in 2025, with investors now weighing whether the momentum can extend into 2026.

C jumped after the company won a 269.69 crore railway infrastructure contract for the AjmerChanderiya Doubling Project under North Western Railway.

The Indian rupee is experiencing a significant decline, reaching new lows. This persistent weakness, despite positive movements in other Asian currencies, is leading bankers to anticipate stronger intervention from the Reserve Bank of India. The central bank has previously stepped in forcefully to curb the rupee's slide, and market watchers believe similar action is likely again.

The Indian rupee reached a new low against the US dollar on Tuesday. Foreign institutional investors are selling Indian assets. Uncertainty over a trade deal with the US is also impacting the currency. The rupee has seen significant depreciation recently. Analysts expect the trend to continue without a trade breakthrough.

Shakti Pumps shares surged for the fourth consecutive day, driven by multiple large solar pump orders across Maharashtra, Jharkhand, and Madhya Pradesh. The strong order inflow underscores its leadership in solar-powered irrigation solutions, boosting market confidence. Technical indicators show healthy momentum, supporting continued investor interest amid positive sectoral trends.

As global investing expands, currency swings are increasingly shaping portfolio outcomes. From Indian investors in US assets to global funds navigating multi-currency exposure, forex volatility can amplify or erode returns. Managing currency risk through diversification, hedging tools, and asset selection is becoming central to long-term portfolio strategy.

Investors are reassessing dominant themes like AI, finding comfort in resilient US economic fundamentals and a selective outlook for India. While the AI trade faces skepticism regarding data center ROI, US markets show no immediate red flags. India's IT services face valuation risks, with a preference for large-cap stocks due to historical mean reversion in mid- and small-caps.

Axis Bank shares slid up to 4% after Citi Research reiterated a Neutral rating with a Rs 1,285 target, indicating no upside. While margins are expected to recover gradually and asset quality trends are improving, near-term constraints on fee income and soft profitability continue to weigh on sentiment despite improving corporate and retail demand.

Meesho Ltds shares surged more than 74% from their issue price days after listing, lifting co-founder Vidit Aatrey into the billionaire club as investor enthusiasm builds around the e-commerce firms post-IPO momentum.

India's market regulator SEBI's panel will soon suggest easing curbs on commodity derivatives. The report will propose making these markets more attractive to institutional investors. Bans on derivatives trading for seven agricultural commodities may be lifted. The panel also recommends changes to tax laws and allowing trading firms to colocate on exchange premises.

Bitcoin and Ethereum fell 4.62% and 6.93% respectively amid heavy liquidations, with BTC at $85,507 and ETH at $2,904. The global crypto market cap dropped 3.88% to $2.93 trillion, while major altcoins including BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid declined over 9%.

Elon Musk has reached a new financial milestone. His net worth has crossed $600 billion for the first time. This surge is thanks to a fresh valuation of his company, SpaceX. The private rocket maker is now valued at $800 billion. This makes SpaceX the world's most valuable private firm. Musk's stake in SpaceX is worth over $317 billion.