News

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.

Japan's Nikkei share average traded flat after a sharp selloff, following hints from the Bank of Japan Governor about a potential December interest rate hike. Despite this hawkish shift, analysts believe accommodative policy and strong corporate earnings will continue to support the stock market.

Auto sales are showing strong growth, with experts attributing the surge to recent GST cuts. Companies like Maruti Suzuki, M&M, and TVS Motors are standout performers, with expectations of double-digit growth continuing. Promoter block sales in IPOs have had a muted impact, with responsible divestments supporting market stability.

A report by CareEdge suggests the RBI may cut the repo rate by 25 basis points in December, citing a decadal low in inflation and strong growth momentum. With inflation projected to remain subdued and real policy rates above neutral, the central bank has room for a rate cut. Despite external challenges, India's external sector shows resilience.

Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction, amidst a busy IPO market in India.

Neochem Bio Solutions Rs 44.97 crore SME IPO opened on December 2 with a slow start, recording just 0.02 times subscription by mid-morning on Day 1, driven entirely by retail bids. The issue carries a mild GMP of Rs 5, indicating modest listing sentiment. Anchor investors, led by Mukul Agarwals Sanshi Fund with a 39% share, subscribed Rs 12.77 crore ahead of the launch.

Meesho's IPO, opening December 3-5 with a price band of Rs 105-Rs 111, shows strong investor sentiment with a healthy grey market premium. Analysts see potential in India's value e-commerce growth, despite near-term profitability pressures, citing improving unit economics and user engagement.

Wockhardt Ltd shares jumped over 4% to 1,533, extending a two-day rally after surging nearly 20% on Tuesday. The rise follows the US FDAs acceptance of its New Drug Application for Zaynich, a first-in-class antibiotic, marking the first NDA approval for a New Chemical Entity by an Indian pharma company.

Global markets brace for the US Federal Reserve's policy decision, with one rate cut largely anticipated. Investors are also watching AI trade dynamics, crypto market corrections, and Japan's policy shifts. Despite current uncertainties, a positive outlook for US equities in 2026 is projected, supported by improving macro conditions and potential liquidity shifts.

Belagavi-based Aequs Limited is launching its Rs 921.81 crore IPO on December 3, 2025, with strong grey market premium indicating investor enthusiasm. The precision engineering firm, serving aerospace and other sectors, aims to use IPO proceeds for debt repayment. Analysts recommend subscribing despite current losses, citing its integrated model and attractive valuation.

Indian small-cap stocks have consolidated after a strong rally, facing headwinds like stretched valuations and tighter liquidity. However, easing macro pressures, improving earnings, and attractive valuations now present opportunities. Selective stock-picking in the small-cap space is poised to deliver strong long-term returns as the tide turns.

Bitcoin stabilized near $87,000 after a dip, while Ethereum hovered around $2,807. Despite a recent rebound, broader market sentiment remains cautious due to ongoing volatility and significant weekly losses for many altcoins. Investors are closely watching macro economic indicators, particularly U.S. inflation data and Federal Reserve rate expectations, for future market direction.

Realty Income is making a significant $800 million investment in Las Vegas' CityCenter properties, ARIA Resort & Casino and Vdara Hotel & Spa. This deal with Blackstone Real Estate marks their second collaboration. MGM Resorts International will continue operating these central Las Vegas Strip locations.

China Vanke bonds saw a sharp fall Tuesday. The developer, once the nation's top home builder, is seeking to delay a bond repayment by one year. This move aims to prevent a default amidst a prolonged property market downturn. Vanke has requested holders of a 2 billion yuan bond to postpone principal and interest payments.

Indian government bond prices remained subdued on Tuesday as traders anticipated a larger-than-expected state debt issuance. A record low for the rupee also dampened investor sentiment, with the benchmark 10-year yield hovering around 6.56%. Market participants are now closely watching the upcoming Reserve Bank of India policy decision for further direction.

Nomura forecasts India's Nifty 50 to reach 29,300 by end-2026, anticipating a 12% rise driven by economic momentum and earnings growth under supportive policies. The brokerage sees normalized valuations and constructive medium-term outlook due to policy support and strong domestic inflows, while cautioning against narrative-driven stocks.

The Indian rupee hit an all-time low Tuesday, pressured by trade deficits and tepid inflows, despite strong economic fundamentals. The Reserve Bank of India intervened to prevent a breach of the 90 per dollar mark. Analysts suggest underlying weaknesses may force the RBI to allow further depreciation over time, as foreign investors pull back and importers rush to buy dollars.

Mumbai recorded its second-highest November housing registrations ever in 2025, driven by strong mid-to-premium demand, even as affordability concerns deepen. Analysts note moderation in the MMR as rising prices strain mid-income buyers. With registrations at record highs, sustaining momentum will depend on improved affordability, income growth and balanced housing supply.