Subramaniam stressed the need for investor education and responsible distribution. “Equities are a good wealth creation and inflation-beating asset class, but not like a lottery. Distribution is key because a lack of trust in financial institutions was surprising to me, despite big names like SBI and HDFC being in the space.”Read More
TruAlt Bioenergy shares debuted strongly but gave up early gains, trading at Rs 530 on the NSE, up 7% from the issue price of Rs 496. Analysts recommend booking partial profits while holding a portion of shares. The company, a high-growth player in biofuels and renewable energy, benefits from government support and strong demand, though valuations remain elevated.Read More
WeWork India’s IPO saw a slow start, with just 1% subscription on Day 1 and a modest grey market premium of 2.3%, reflecting cautious investor interest. The offering comprises 4.62 crore shares, totalling Rs 3,000 crore. As this is a complete offer for sale (OFS), the company will not receive any proceeds from it.Read More
Japan’s 10-year government bond yield reached a 17-year high on Friday. Markets awaited a weekend leadership election. Bank of Japan Governor Kazuo Ueda offered no clear indication on an interest rate hike this month. He cited global economic risks in his speech. Traders currently place 37 percent odds on a quarter-point rate increase.Read More
The RBI’s decision to keep interest rates steady at 5.5% and maintain a neutral liquidity stance offers relief to banks, limiting potential margin compression. Its measures to ease lending restrictions support credit growth. Jefferies recommends large private banks — HDFC Bank, Axis Bank, ICICI Bank — and SBI among PSU banks, citing strong capital buffers and better positioning for the ECL transition.Read More
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