Aequs’ Rs 921.8 crore IPO has garnered strong investor interest, with shares commanding a 30% grey market premium ahead of the December 10 listing. The issue was subscribed over 104 times, backed by robust QIB demand, even as the company’s recent financials show losses and muted revenue growth.Read More

A report by Kotak Equities warns that Indian households may be overestimating the value of their gold jewellery, as making charges and falling stone prices have sharply diluted real returns. Despite soaring bullion prices, jewellery-heavy portfolios have lagged, with actual gains far below headline gold appreciation, particularly for lower-income families.Read More

Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and potential opportunities in auto distribution. However, aviation faces further challenges. Digital platforms are preferred over insurers. Domestic institutions are buying IT stocks as foreign investors sell.Read More

Indian government bonds saw gains on Monday. Buyers found value in various bond maturities following the Reserve Bank of India’s policy actions. The central bank announced a rate cut and plans for bond purchases to inject liquidity. This move has shifted investor interest away from the benchmark 10-year notes.Read More

Bitcoin has stabilized above $91,000 after a strong rebound, with Ethereum also holding firm above $3,000. Major altcoins are showing gains, contributing to a global crypto market cap nearing $3.1 trillion. Analysts suggest bullish momentum is building, with potential for further upside if the Fed cuts rates, though $87,500 remains a key support.Read More

IndiGo faces significant financial headwinds due to widespread flight cancellations extending through December, impacting revenue by an estimated 5-7%. The airline is also grappling with increased pilot costs due to new regulations. Analysts, however, view this as a temporary operational blip, with operations expected to stabilize within weeks.Read More

Fino Payments Bank fell 6% to Rs 295.75 even after becoming the first Payments Bank in India to get RBI’s in-principle approval to convert into a Small Finance Bank (SFB). The transition is aimed at expanding its product portfolio, lending operations, and customer reach.Read More

Kesoram Industries surged 20% after Frontier Warehousing acquired a 42.8% controlling stake through a block deal, marking the Birla family’s full exit from the company. The stake purchase follows the earlier demerger of Kesoram’s cement business into UltraTech, leaving the firm focused on its non-cement operations.Read More

The rupee depreciated 16 paise to 90.11 against the US dollar in early trade, influenced by elevated crude oil prices and consistent foreign fund outflows. Strong dollar demand from corporates and importers also pressured the rupee. Investors are now awaiting the Fed’s policy outcome and upcoming trade talks between India and the US.Read More

SpiceJet shares spiked intraday as operational disruptions at rival IndiGo boosted demand for its services. Despite the short-term rally, the stock remains fundamentally weak, with bearish technical indicators, high promoter pledging, and declining institutional interest. Q2 FY25 results further reflected stress, with revenue falling sharply and losses widening.Read More