News

Engineers India Ltd (EIL) shareholders have a final chance today, December 3, to buy shares for the interim dividend. The company's ex-dividend date is December 4, meaning you must own shares before this to qualify. EIL, a government undertaking, announced a Rs 1 per share interim dividend for FY25-26, payable from December 19, 2025.

The US dollar is steady as other currencies gain ground. Investors anticipate US interest rate cuts by 2026, which could weaken the dollar. Bitcoin has seen a sharp rise, boosting investor risk appetite. The euro is trading higher, while the Japanese yen, sterling, and Swiss franc remain stable. Expectations for US rate reductions are influencing currency markets.

Gold prices remained stable on Wednesday, recovering slightly after a previous day's decline. Investors are closely watching upcoming U.S. economic data, including employment figures and inflation gauges, for indications of potential Federal Reserve interest rate cuts. Global equities and Treasury yields are also influencing the precious metal's performance.

Indian markets witnessed a positive trend, mirroring U.S. stock gains driven by technology shares and strong expectations of a Federal Reserve interest rate cut next week. Boeing's surge on improved delivery forecasts significantly boosted the Dow. Despite earlier volatility from bond yields and crypto, consumer spending data provided a positive outlook, overshadowing underlying market fluctuations.

Nifty experienced selling pressure, closing lower at 26,032, with analysts noting uncertainty and resistance at 26,325. A bearish to sideways sentiment is expected to persist, with immediate support at a rising trendline on the hourly chart. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.

Indian markets saw a dip on weekly expiry day, continuing their consolidation phase. The Nifty is nearing support levels. Investors are advised to focus on specific stocks in auto, banking, pharma, and IT sectors. Companies like Vedanta, Maruti Suzuki, KPI Green, Canara Bank, and CEAT are in focus due to recent developments.

Asian stocks traded in tight ranges as investors awaited fresh catalysts, with a cryptocurrency rebound losing steam. Mixed performance in regional markets mirrored Wall Street's cautious approach ahead of key central bank rate decisions. Traders are carefully assessing economic data and potential Fed policy shifts, anticipating a 'back and forth' pattern in equities before a potential upward trend.

The Bank of England has issued a stark warning. A massive spending boom in artificial intelligence infrastructure, funded by debt, faces significant risks. Stretched stock market valuations are a major concern. A correction in AI stocks could impact wider debt markets. This situation is developing and could affect household wealth and borrowing costs.

The Indian Rupee has reached a historic closing low against the US Dollar, nearing the significant 90 mark. The Reserve Bank of India has intervened to slow the currency's fall. Traders observe a shift in the RBI's strategy, allowing for a wider trading range.

Capital Group, Norges Bank Investment Management, ICICI Prudential Mutual, and Nippon India Mutual were among the funds that opted out of the e-commerce marketplace's 2,439-crore anchor book, said sources.

E-commerce platform Meesho plans to raise 4,250 crore via a fresh issue for cloud infrastructure and capital expenditure, alongside an 1,171.2 crore offer for sale. Despite revenue growth, the company reported an increased net loss in FY25, though it narrowed in the six months to September.

The IPO comprises a fresh issue of equity shares aggregating up to 377 crore and an OFS of 4.67 crore shares by existing investors. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory are the book-running lead managers to the issue.

Bank of Maharashtra's offer for sale saw robust investor demand on its opening day, with bids exceeding 400% of the base issue size. The government will now exercise its green-shoe option, expanding the total stake on offer to 6% after the strong response from non-retail investors.

Bajaj Finance has sold a significant stake in Bajaj Housing Finance. The deal involved 16.66 crore shares traded at Rs 95.3 each. This transaction represents a 2.35% equity stake, valued at approximately Rs 1,890 crore. The sale occurred at a discount to the previous day's closing price. Bajaj Housing Finance shares experienced a notable drop following the announcement.

Nifty Bank index is expanding to 14 stocks with Yes Bank and Union Bank of India joining. This change, mandated by Sebi, will reduce the influence of top constituents like HDFC, ICICI, and SBI. The rebalancing will occur in tranches from December to March. Passive funds tracking the index will adjust portfolios.

Nomura has set a price target of 29,300 for the Nifty in 2026, projecting a nearly 13% upside. The brokerage cited calmer geopolitics, stable macros, and economic recovery as reasons for its positive outlook. Indian equities have underperformed global markets, bringing valuations in line with historical averages.

Aequs Limited, a precision engineering powerhouse, has successfully raised Rs 414 crore from 33 prominent anchor investors ahead of its anticipated IPO on December 3. High-profile backers such as Blackrock and Sanshi have jumped on board, adding to the excitement. The IPO will wrap up on December 5, with Aequs making its market debut on December 10.

Meesho has successfully garnered Rs 2,440 crore from 125 anchor investors ahead of its IPO debut. Shares have been priced at Rs 111 each. The highly anticipated IPO kicks off on December 3 and wraps up on December 5. Analysts are optimistic about the vast opportunities within India's burgeoning e-commerce sector, with trading set to commence on December 10.

Vidya Wires has successfully raised Rs 90 crore from anchor investors ahead of its IPO, which opens for public subscription from December 3-5. The company's public offering includes a fresh issue of Rs 274 crore and an Offer For Sale of Rs 26 crore. Proceeds will fund capital expenditure, debt payment, and general corporate purposes.

Sensex and Nifty fell as profit-booking, FII outflows and a weak rupee pressured markets. Analysts expect cautious sentiment amid no near-term RBI rate-cut hopes and persistent technical weakness.

Benchmark indices extended losses for the third straight session as Nifty slipped below the 21EMA. Analysts expect a bearish-to-sideways trend ahead. However, Birlasoft and Asian Paints showed strong technical breakouts, offering near-term upside potential.

The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription.

U.S. stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this week.

Nashik Municipal Corporation is targeting to raise another Rs 200 crore from the municipal bonds route by February next year, a top official has said.

IBJA has launched a self-regulatory division to bring governance, transparency and consumer protection to the fast-growing digital gold industry after Sebi warned that such products lack regulatory oversight. The framework will include audits, standards, disclosures and strict compliance rules.

Six midcap stocks, including Hitachi Energy India and GMR Airports, hit fresh 52-week highs despite a weak market, delivering up to 28% gains in just one month.

Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani's group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer which owns sizeable land parcels.

Realty firm Omaxe Group has repaid Rs 80 crore loans, including the interest amount, of government-backed stress fund SWAMIH.

Indian government bonds surged on Tuesday after better-than-expected state auction demand shored up sentiment and sparked short-covering, while some traders also suspected central bank buying in the secondary market.

Benchmark indices fell for a third straight session, with banks and financials weighing on sentiment ahead of the RBI policy. Several stocks saw sharp moves, including Easy Trip, Swiggy, Emmvee, Ashok Leyland, Bajaj Housing Finance and GRSE.

Indian markets are consolidating even as the Nifty hits fresh highs, with midcaps and smallcaps still lagging. Julius Baers Rupen Rajguru says this phase offers a strong buying opportunity as earnings growth is set to accelerate from FY27. He outlines key sectors to watchbanks, consumption and consolidated industrieswhile cautioning on valuations in select pockets like EMS and capital market plays.

The Indian rupee fell to a record low on Tuesday, extending losses sparked by the absence of a trade deal between India and the United States, which has dented trade and portfolio inflows.

Meesho's anchor book faced investor withdrawals after a significant allocation to SBI Funds Management, prompting other large funds to exit in protest. Despite this, the IPO lineup includes global investors like GIC and Abu Dhabi Investment Authority, highlighting strong demand for Indian tech startups.

Indian equities retreated on Tuesday, with the Sensex and Nifty falling after touching record highs. Investors engaged in profit-taking, while foreign funds continued to reduce their holdings. This combination of domestic selling and external pressures led to the benchmarks closing lower.

Insurance firms cut their holdings in several NSE largecap stocks from June to September 25, signalling cautious sentiment or portfolio rebalancing. Key companies with reduced insurance shareholding include BPCL, Eicher Motors, TVS Motor, Vedanta, Apollo Hospitals, Grasim, M&M, L&T, Bank of Baroda, and Info Edge.

Niftys sharp 1,500-point rebound since October 2025 pushed it to record highs, supported by strong earnings, stable macros and improving sentiment. Axis Securities has shortlisted six large-cap stocks with attractive upside potential based on current market conditions.

Mahesh Patil of ABSL AMC says Indias earnings momentum is set to strengthen as consumption improves, rate cuts trickle in, and FIIs return. While PSU banks remain steady, private banks, autos, consumer discretionary and export-oriented sectors may lead the next market leg. With the rupee stabilising and inflation low, investors can expect a more broad-based market recovery ahead.

The Indian rupee is experiencing significant pressure and hitting record lows, primarily due to weak capital flows, including foreign portfolio outflows and muted foreign direct investment. While the current account deficit remains within comfort levels, trade negotiation uncertainties add to the strain. Despite mixed high-frequency indicators, the economy is showing signs of gradual recovery.

Motilal Oswal sees the Nifty entering a fresh uptrend after its record high, backed by stronger earnings, supportive policy measures, firm DII inflows and reasonable valuations. The brokerage flags four bullish catalysts, key risks, and highlights 25 stock ideas across largecaps, midcaps and smallcaps in its latest model portfolio.

S&P Global Ratings has upgraded Vedanta Resources' outlook to 'positive' from 'stable', affirming its 'B' rating on senior unsecured notes. This move is driven by the anticipated improvement in the company's cost structure and earnings from its newly commissioned aluminium facilities.

Gold has rebounded sharply, rising over Rs 8,400 in two weeks to reclaim the Rs 1.3 lakh level, driven by Fed rate-cut hopes, a weaker dollar, and strong safe-haven demand. Analysts see bullish momentum but caution that Rs 1.5 lakh may take time, with key resistance at Rs 1.301.32 lakh.

The Nifty slipped below key support levels on Tuesday after a brief all-time high, with analysts noting a lack of midcap and smallcap participation. Global cues influenced the pullback, but the Nifty's positional trend remains bullish, with support seen between 25,970-26,050. Canara Bank is recommended long, while IndiGo Airlines is suggested for a short position.

Hedging against the Indian rupee's weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment.

Indonesia will maintain its presence in the issuance of global bonds next year, including Kangaroo and Dim Sum bonds, a Finance Ministry official said on Tuesday, adding that the ministry is open-minded about the issuance of Panda bonds.

Emmvee Photovoltaic rose sharply on Tuesday after the company reported a stellar Q2FY26 performance, with net profit jumping 578% YoY to Rs 238 crore and revenue rising 181%. Strong demand for high-efficiency solar modules, improved margins, and IPO-led debt reduction strengthened its financials as the company positions for growth in Indias expanding renewable energy market.

Dipan Mehta of Elixir Equities discusses select mid-cap and sectoral stocks. He sees potential in Force Motors for long-term investors. Mehta anticipates a short-term trading rally in IT stocks but remains structurally cautious. He acknowledges missing Wockhardt but prefers waiting for the hype to subside. CDMO and contract manufacturing players are viewed positively.

When large institutional investors like mutual funds put money into a stock, its often a signal worth paying attention to. These funds carry out extensive research and focus on long-term growth, investing only when theres strong reasoning behind it. But what happens when some of their most favored stocks plummet by as much as 55% from their highs?

Indian food delivery giant Swiggy Ltd. is reportedly preparing to raise up to 100 billion rupees ($1.1 billion) from institutional investors as early as next week. The company has shortlisted Citigroup, JPMorgan Chase, and Kotak Mahindra to manage the potential share sale, which was approved by its board on November 7th.

Ashok Leyland shares hit a new 52-week high on Tuesday, rising 2.7% to 164.50 and extending a two-day rally of nearly 4%. The stock is gaining on strong November sales and improving financial performance, which have boosted investor sentiment.