Indian government bond yields declined on Friday, with the 10-year benchmark hovering around 6.50% as the market awaited a new 320 billion rupee security auction. The Reserve Bank of India’s unchanged policy rate and revised forecasts, coupled with easing OIS rates, have fueled market expectations for a rate cut in December.Read More
Tata Capital will launch its Rs 15,512 crore IPO on October 6. The company is India’s third-largest diversified NBFC. It operates with the Tata brand backing and high credit ratings. Investors will consider its financial performance against market competition and its valuation. The IPO presents a long-term investment opportunity.Read More
In international markets, gold prices remained steady on Friday, poised for a seventh consecutive weekly gain, supported by expectations of additional U.S. interest rate cuts and concerns over a potential U.S. government shutdown.Read More
The Indian rupee depreciated by 5 paise to 88.76 against the US dollar on Friday morning, driven by a stronger greenback and negative domestic equity trends. Forex traders attributed the weakness to US policies, trade tensions, global uncertainties, and persistent foreign fund outflows.Read More
Jinkushal Industries debuted on bourses with a modest 3.45% premium over its IPO price, despite strong investor demand leading to a 65x oversubscription. The company, exporting construction machinery globally, reported robust FY25 revenue growth. Its long-term success depends on sustaining export demand and scaling its HexL brand.Read More
TruAlt Bioenergy share price: TruAlt Bioenergy shares debuted with a premium on October 3 after its Rs 839.28 crore IPO was oversubscribed 75 times, driven by strong institutional demand. The company, a major ethanol producer, reported rapid growth in FY25, but analysts note its aggressive valuation despite robust investor interest in renewables.Read More
Axis Securities maintains its Nifty target of 25,500 for March 2026, driven by expectations of robust earnings growth and structural reforms. Despite short-term volatility, the brokerage anticipates upside potential from rural demand recovery and government spending. They have identified 15 top stock picks, including MGL and HDFC Bank, offering up to 30% upside potential.Read More
Om Freight Forwarders IPO: Market analysts note that the stock is trading at a grey market premium (GMP) of about 2.2% over its issue price, indicating mild investor confidence in the unofficial market before listing.Read More
India’s primary market will see significant activity next week. Tata Capital and LG Electronics plan large IPOs. These offerings combined exceed 27,000 crore rupees. Market observers question the absorption capacity. Historical large issues have shown varied investor returns. Some experts believe current liquidity is sufficient. The coming week will determine investor demand for these new...Read More
Daljeet Kohli advises caution on banks near-term due to asset quality and NIM pressures, suggesting a re-look after consolidation. He remains positive on NBFCs and power financers for structural growth. Kohli also maintains a bullish outlook on pharma, expecting limited impact from US tariffs and a rebound in domestic demand post-calamities.Read More
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