India’s IPO market remains strong, with five new issues opening on Wednesday and all fully subscribed within hours. Despite raising over ₹60,000 crore this year, investor enthusiasm continues, driven by ample liquidity. Urban Company’s IPO was 1.9 times subscribed by midday, while Dev Accelerator saw an even stronger response, with bids at 3.5 times its issue size.Read More
Gold prices may not have reached their peak yet, says JM Financial’s Rahul Sharma, who sees potential for an additional 10% upside in the next phase of the rally.Read More
Market strategist Rohit Srivastava sees Indian equities entering the early stages of a year-end rally. With Nifty aiming for 25,000 and beyond, he suggests viewing short-term pullbacks as buying opportunities amid improving sentiment.Read More
Dev Accelerator’s IPO saw an overwhelming retail response on Day 1, with bids 14X the quota in under five hours. Despite strong subscription, risks around financials, customer concentration, competition, and high valuations warrant investor caution.Read More
Nepal’s political unrest, which forced PM KP Oli’s resignation, has raised concerns for FMCG majors like ITC, HUL, Dabur, Marico, Bikaji and Varun Beverages. Analysts say the impact is limited, with Nepal contributing just 2–3% of sales, though supply chain disruptions remain a risk.Read More
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