Corona Remedies’ Rs 655-crore offer-for-sale IPO saw strong demand across investor categories, with overall subscription at 144.54 times and a 28% grey market premium. Given robust institutional interest, the issue is likely to list above its Rs 1,062 price band, though final listing gains will depend on market sentiment on the listing day.Read More

Indian government bonds rallied early Thursday, mirroring a surge in U.S. Treasuries following the Federal Reserve’s 25 basis point rate cut. Despite the initial boost, traders anticipate the rally may not sustain, awaiting the Reserve Bank of India’s bond purchases for further market direction.Read More

The Indian rupee weakened today due to corporate dollar payments, overshadowing the Federal Reserve’s rate cut. Traders are watching for a potential trade deal with the U.S. and a significant Reserve Bank of India swap next week, which could influence the currency’s trajectory amidst ongoing external sector challenges.Read More

The Fed’s latest projections indicate faster growth, easing inflation and stable employment heading into 2026, offering the White House a supportive economic backdrop despite limited scope for deeper rate cuts. While tariff-driven disruptions and affordability pressures persist, policymakers project cautious stability as the election cycle approaches.Read More

British insurer Prudential offloaded a 4.5% stake in ICICI Prudential Asset Management for approximately $545 million ahead of its $1.2 billion IPO. Major investors, including Abu Dhabi Investment Authority and family offices, along with ICICI Bank, acquired these shares. The fund house’s IPO will see Prudential selling a 10% stake, with proceeds slated for shareholders.Read More

Independent analyst Anand Tandon says Indian markets remain directionless amid global macro risks, weak foreign investor returns, and uncertain earnings. He prefers largecaps over smallcaps, citing stronger positioning in metals, energy and AI-driven themes. Tandon warns that AI adoption poses long-term challenges for Indian IT’s traditional services model, making the sector structurally vulnerable despite near-term...Read More

The Federal Reserve delivered another rate cut but signalled a likely pause as policymakers await clearer labour and inflation data. Despite internal divisions, new projections show steady growth, easing inflation, and stable unemployment through 2026, though limited support for further easing. Market reaction remained positive, even as political scrutiny intensifies ahead of the US midterm...Read More

Kaynes Technology India shares saw a rebound on Thursday after a sharp decline. Analysts at Nomura and Morgan Stanley maintain positive ratings, citing potential for growth and improved disclosures. The company faced scrutiny over accounting practices in its smart meters segment. Despite past challenges, future catalysts include working capital improvements and new business lines.Read More

Nifty’s struggle near record highs signals weakening momentum as FII short positions rise, the rupee hovers near 90, and progress on the US-India trade deal remains slow. With midcaps and smallcaps under pressure and technical indicators turning cautious, investors face heightened uncertainty despite steady domestic flows and stabilising earnings.Read More

ICICI Prudential AMC’s IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-leader in India’s fast-growing asset management industry. With the largest equity AUM, rapid profit growth and an unmatched distribution network, the fund house commands premium valuations. But rich pricing, tighter Sebi...Read More