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Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate between 25,850 and 26,300. Investors are advised to be selective, buying dips and booking profits, with HDFC Life and BPCL identified as strong performers.
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Corona Remedies’ IPO opened with decent subscription demand, led by strong retail demand and a robust Rs 290 grey-market premium. The Rs 655-crore issue, priced at Rs 1,008–1,062, signals healthy investor interest ahead of the December 10 close and expected December 15 listing.
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Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention to the company’s ongoing legal challenges.
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Suzlon Energy shares saw a rise following positive analyst outlooks. Experts foresee significant growth driven by strong operational momentum and a growing order book. The company is poised to benefit from increased demand for wind energy. Analysts have reiterated their buy ratings, highlighting potential upside from current market levels. Suzlon’s expansion plans and export market readiness are key factors.
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NRI demand for Indian residential real estate is rising sharply, with buyers shifting from speculative purchases to long-term, lifestyle-driven investments. Younger global Indians are choosing premium and ultra-luxury homes, boosting sales across markets like Gurgaon, Mumbai, and NCR. Strong rental yields, emotional ties, and retirement planning continue to fuel this growing trend.
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