The Economic Times News

Gold prices edged higher as traders anticipated the U.S. Federal Reserve's interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per ounce, driven by strong industrial demand expectations and persistent supply constraints. Analysts predict continued upward momentum for both precious metals.

Two former Brightcom Group officials have settled with Sebi over alleged financial statement irregularities and disclosure failures between FY15 and FY20. Compliance officer M Manohar and independent director M Vijaya Bhasker Reddy will pay Rs 12.35 lakh each and face temporary bans from associating with the company.

Indian markets extended losses ahead of the US Fed decision and trade uncertainties, with IT dragging benchmarks lower. Analysts flagged weak short-term sentiment as Nifty trades below key EMAs despite support at Fibonacci levels. Global cues and FII flows remain crucial.

GQG Partners sold 1.52 crore JSW Energy shares worth Rs 677 crore at a slight discount, amid the stocks sharp one-year underperformance. JSW Energy trades far below key averages, with oversold indicators and declining FII holdings following weak quarterly earnings.

Wall Street's main stock indexes were subdued at the open on Tuesday as investors awaited the Federal Reserve's policy decision, while Nvidia shares were whipsawed by contrasting news around exports of advanced AI chips to China.

Indian markets fell for a second straight session. Analysts expect further downside but identified four trading ideasPB Fintech, CAMS, Knowledge Marine and AU Small Finance Bankoffering selective buying and selling opportunities.

Former news anchor Hemant Ghai on Tuesday settled a case involving fraudulent trades based on advance information with markets regulator Sebi after paying Rs 1.45 crore.

Several Nifty500 stocks now trade at exceptionally high TTM P/E ratios above 250, reflecting rapid price appreciation and elevated investor expectations. While such valuations hint at growth optimism, they also raise overvaluation risks, making fundamental and sector analysis essential before investing.

Gold traded rangebound in India as investors awaited the Feds policy decision, with global markets pricing in a 25 bps cut. International prices firmed, domestic rates stayed supported by a weak rupee, and technical indicators signalled continued bullish momentum.

Commodity expert G. Chandrashekhar dismisses allegations of India dumping rice in the US, citing the countrys small export volumes and niche Basmati demand. He says the 50% tariff has not dented US consumption and urges India to present clear data during USTR talks to counter misinformation and protect its trade position.

HDFC Securities apologised to PG Electroplast after an article on its HDFC Sky platform was found to contain factual inaccuracies and misleading claims, prompting the brokerage to remove it and initiate an internal review following the companys objections.

United Hospitality Management (UHM), a global leader in luxury and mixed-use hospitality management, on Tuesday announced its foray into India with the acquisition of Rosastays - a boutique hospitality brand with 17 operational properties.

Despite a weak market, four BSE 500 smallcaps including Dredging Corporation and Cupid hit fresh 52-week highs after delivering up to 50% gains in a month.

Markets declined for a second day as stocks like Kaynes Technology, Swiggy, SpiceJet and Coforge saw sharp moves, with IT and auto names dragging the headline indices lower.

Pajson Agro India Limited processes raw cashew nuts into kernels under its 'Royal Mewa' brand, proposes to open its Initial Public Offering on Thursday, December 11, 2025 aiming to raise 74.45 Crore(At Upper Price Band), with shares to be listed on the BSE SME platform.

Japanese investors purchased foreign bonds in November after a month of significant net sales, seeking safer investment avenues amid a surge in volatility and heightened risk aversion in the stock markets.

Indonesia raised 8 trillion rupiah ($480.19 million) in an Islamic bond auction on Tuesday, higher than the indicative target of 7 trillion rupiah, its finance ministry said.

Ireland's debt agency plans to raise between 10 billion euros ($11.6 billion) and 14 billion euros on the bond market in 2026, up from a target of between 6 billion to 10 billion euros this year, it said on Tuesday.

Nearly one-fifth of India's operational shopping centres fall into the category of 'ghost malls' and reinvigorating just 15 such centres with 4.8 million square feet space can unlock Rs 357 crore in annual rentals, a report said on Tuesday.

As many as five companies, including supply chain asset pooling firm LEAP India and Eldorado Agritech, have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday.

Suzlon Energys sharp correction has prompted Nuvama and other brokerages to turn bullish, citing improving sector visibility, strong order inflows, export potential, and expanding manufacturing capacity, even as the stock trades below key technical levels.

Aequs IPO is set for a strong listing with an expected premium of up to 39%, backed by heavy subscription, solid global customer relationships, and its position as a leading integrated aerospace precision manufacturing platform. Analysts advise holding the stock long term.

The Indian rupee closed modestly stronger on Tuesday, supported by dollar sales from exporters and modest foreign inflows while traders held onto caution ahead of the U.S. Federal Reserve's policy decision later this week.

Adani Enterprises Rs 25,000 crore rights issue has reached 82.6% subscription ahead of its December 10 close. The issue, priced at Rs 1,800 per share, has seen strong participation from promoters and institutional investors. Bids have crossed 11.6 crore shares against the 13.85 crore on offer, according to BSE data. Caption: The issue opened on November 25. Investors are required to pay Rs 900 per share at the time of application.

Nithin Kamath argued that increased trading activity reduces profitability for retail investors. He highlighted Zerodhas model of discouraging frequent trades, resulting in significantly lower brokerage revenue compared to peers. By avoiding nudges that push volumes and not incentivising employees on revenue, Zerodha aims to promote thoughtful participation and long-term investor retention.

RMZ Corp., one of Indias largest real estate developers, is reportedly exploring a potential IPO that could raise up to $1 billion, positioning it to deliver one of the biggest listings in the sector since DLFs landmark issue in 2007. The Bengaluru-based firm has initiated early talks with bankers, though specifics like timing and structure may evolve.

Suzlon Energy shares remain in bear territory, but four major brokerages Anand Rathi, ICICI Securities, Motilal Oswal, and Nuvama have turned bullish, projecting up to 55% upside driven by strong order books, capacity expansion, export readiness, and improving wind energy demand.

Moodys revises its outlook to stable for key Adani Group energy and renewable subsidiaries, affirming their ratings on the back of steady operations, predictable cash flows and fully amortising debt structures, while noting manageable risks tied to weak state discoms and long-term licence periods.

September 2025 shareholding data shows that MFs increased their stakes in nearly 380 listed companies compared with the June quarter.

Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to find support and bounce back. Largecap stocks are preferred for stability. L&T is highlighted as a top pick with potential for significant gains. Investors can look for buying opportunities in the current dip.

European shares were muted on Tuesday, as caution lingered ahead of the U.S. Federal Reserve's two-day policy meeting starting later in the day, while gains in financial and industrial stocks kept the index afloat.

Emkay Global maintains a BUY on IndiGo-parent InterGlobe Aviation with a target of Rs 6,300, citing a potential 28.6% upside. The brokerage notes that recent operational disruptions caused over 4,200 cancellations, but expects normalization from December 10. Crew shortages, regulatory reviews, and elevated costs may weigh on near-term results, yet operational recovery could support a rebound in coming quarters.

Home prices in India will rise at roughly 6% in the coming two years but most real estate analysts polled by Reuters say the boom in the luxury housing sector currently driving the market will peter out within five years.

Warehousing and industrial real estate platform Welspun One plans to develop Grade-A logistics park spread over around 1.2 million square feet in Talegaon, Pune with an investment of Rs 550 crore, the company said on Tuesday.

Euro zone government bond yields were little changed on Tuesday as investors took a breather after pricing out a European Central Bank rate cut for 2026 on Monday.

PhysicsWallah is charting an optimistic course in the edtech sector, reporting a strong first half of FY26 with significant revenue and PAT growth. The company anticipates turning fully PAT positive by FY27, with its offline business also becoming EBITDA positive, driven by AI integration and cost efficiencies.

The underperformance of India's small-cap firms relative to large- and mid-caps this year, after two years of strong gains, is likely to persist into 2026 as stretched valuations, moderate earnings and thin liquidity continue to weigh, analysts said.

Axis Mutual Funds Karthik Kumar says recent market weakness is not a trend, highlighting strong earnings, supportive valuations and long-term growth prospects. He sees current dips as buying opportunities and remains bullish on financials, autos and quality growth stocks, while staying selective on healthcare and underweight IT and new-age tech due to limited visibility.

Steamhouse India Ltd has filed its Updated Draft Red Herring Prospectus I (UDRHP I) with Securities and Exchange Board of India (SEBI) for a proposed IPO. The IPO totaling up to 425 crore will include a fresh share issue of 345 crore and an Offer For Sale (OFS) worth 80 crore by promoter Vishal Sanwarprasad Budhia.

HRS Aluglaze's Rs 50.9 crore initial public offering will open for subscription on December 11, closing on December 15. The company, specializing in aluminium products, aims to raise funds for working capital and setting up a new assembly line. The IPO, with a price band of Rs 94-96 per share, is set to list on BSE SME on December 18.

Short-term financial stability is crucial for long-term wealth creation in India, especially amidst macro uncertainty. A structured short-term plan, utilizing instruments like corporate bonds, protects cash flows, limits behavioural mistakes, and provides the necessary breathing room for sustained investment growth.

Bitcoin and major altcoins declined over the past day, with BTC near $89,885 and Ethereum slightly lower at $3,104. Analysts warn of heightened volatility ahead as Bitcoin struggles to break past resistance around $92,000 while key support lies near $89,500$88,800.

Meesho, Aequs, and Vidya Wires debut tomorrow; Meesho leads in grey market premium, while Aequs offers balanced post-listing potential.

Meeshos grey market premium (GMP) dipped slightly to 29%, yet the IPO is still expected to deliver strong listing-day gains. The Rs 5,421 crore issue was oversubscribed 81.76 times, with robust participation from QIBs, NIIs, and retail investors, highlighting confidence in Meeshos zero-commission, asset-light e-commerce platform.

IndiGo faces short-term headwinds due to operational disruptions and regulatory scrutiny, impacting its current fiscal year's performance. Moody's downgraded its human capital score, citing leadership concerns and pilot bargaining power, though the airline's long-term Baa3 rating remains stable due to its market dominance and India's aviation growth.

Jefferies updates its India model portfolio for 2026, adding six stocks including Axis Bank, AU Small Finance Bank, BPCL, JSW Energy, Godrej Properties, and SAMIL, while removing ICICI Bank, NTPC, Tata Steel, Crompton Consumer, Belrise, and IndiGo.

IndiGos worst operational meltdown led to thousands of cancellations, rising costs and reputational strain, but HSBC says the airlines long-term fundamentals remain intact. The brokerage cut its target price but kept a Buy rating, arguing that despite new pilot-duty rules and short-term disruptions, IndiGos cost advantage and market position are unchanged as operations begin to stabilise.

China's securities watchdog is urging the rapid expansion of the public REIT market, advocating for commercial properties like hotels and offices to be listed soon. This move aims to ease developer liquidity pressures and meet investor demand for yield amid a sluggish property market.

Dubai's Danube Properties is investing Rs 3,500 crore in a 55-storey commercial tower named after Bollywood star Shah Rukh Khan. Launched last month, the project has seen an overwhelming response, with sales expected to exceed Rs 4,000 crore. This landmark development aims to address the strong demand for Grade A office space from global corporations in Dubai.