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Indian markets closed flat as IT and financial stocks lagged in range-bound trade. Ambuja Cements jumped on consolidation plans, Jupiter Wagons extended gains, Coal India rose on IPO buzz, while Coforge and Meesho corrected on profit booking.
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Defence electronics firm Tonbo Imaging filed draft IPO papers with Sebi for a pure offer for sale. The company is India’s fastest growing defence tech player, dominates thermal imaging exports, has global customers, rising overseas revenue, strong margins and visibility.
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Seven BSE midcap stocks touched fresh 52-week highs, marking their strongest levels over the past year.
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Indian government bonds ended steady ‍on Tuesday, amid worries ​over excessive supply till next quarter and waning prospects ⁠for further rate cuts, while the benchmark bond recovered from its intraday lows on likely central bank purchases.
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Billionaire investor Ray Dalio told Nikhil Kamath that he consistently holds 8–10% of his wealth in gold, calling it the best hedge against a debt-driven global economy. He described gold as an anti-dollar asset, warned about risks in fiat systems, and said India remains a standout long-term growth story.
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Adani Ports completed an all-share acquisition of Australia’s NQXT terminal, securing approvals and adding a high-margin, cash-generating overseas asset. The deal boosts FY26 EBITDA outlook, strengthens East-West trade positioning, and underpins expansion plans amid rising global port consolidation trends worldwide.
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Promoters trimmed their stakes across key midcap names, including AWL Agri Business, Polycab India, Alkem Labs and Gujarat Fluorochemicals in Q2FY26, signalling fundraising needs but raising investor caution.
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The pound rose to a near three-month high against a broadly weaker ‍dollar on Tuesday, as traders assessed ​green shoots in the UK economy while keeping a close ⁠eye on persistent inflation.
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Private equity and venture capital investments in the country surged 31 per cent to USD 5.6 billion in November, according to a report on Tuesday.
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