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The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal.
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Indian equities extended their decline for a second consecutive session on Tuesday, with both the Sensex and Nifty closing lower. Persistent foreign portfolio outflows and a weakening rupee contributed to investor caution, further amplified by uncertainty surrounding a potential U.S. trade deal.
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Gujarat Kidney and Super Speciality has set a price band of ₹108–114 for its ₹251 crore IPO, which will open for subscription from December 22 to 24, 2025. The issue is a fresh offer of up to 2.2 crore shares, with allocations of 75% for QIBs, 15% for NIIs and 10% for retail investors.
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Vedanta Demerger: The demerger will lead to the creation of five separate entities – aluminium, oil & gas, ferrous, power and steel.​
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Elon Musk’s net worth surged past $600 billion after a sharp one-day jump, driven by a major revaluation of SpaceX. The rise has widened the gap between Musk and other global billionaires, highlighting SpaceX’s growing role in his wealth and fuelling speculation about a future trillionaire milestone.
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Coworking major BHIVE Workspace is in advanced talks to raise up to Rs 400 crore in a pre-IPO round, combining debt and equity funding. The capital will strengthen its balance sheet and fuel expansion into new cities as the company prepares for a planned IPO in 2027.
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Silver has surpassed crude oil in price for the first time in over four decades, driven by a powerful rally fueled by industrial demand, safe-haven buying and macro shifts, while oil remains pressured by weak demand and oversupply.
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Nifty has slipped below 25,900, signalling short-term weakness, but its broader uptrend remains intact, says HDFC Securities’ Vinay Rajani. He has also flagged 26,060 as the key resistance for a bullish reversal and 25,700 as crucial support. A break below this level could turn the trend into a positional downtrend.
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Market participants should brace for a phase where easy returns from broad themes may fade. Selectivity, precise bet sizing, and a sharp bottom-up approach will be crucial for portfolio construction in the coming months. Investors should focus on direct beneficiaries of government initiatives like MSME expansion, with credit and hiring-linked plays showing promise.
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European shares drifted lower on Tuesday, pulling back after robust gains in the previous session, while investor caution ahead of crucial U.S. jobs data added to the dour mood.
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