Chidu Narayanan notes robust US consumer-driven growth, with the Fed poised for gradual rate cuts this year and next, aiming for policy normalisation. While tariff-induced inflation is still nascent, India’s RBI will likely pause, leveraging strong domestic consumption and a stable rupee against external headwinds. This resilience suggests global growth remains supported despite uncertainties.Read More
Amidst a bustling IPO market, particularly in September, prominent investor Ashish Kacholia strategically invested in several recent initial public offerings. His notable participations include Suba Hotels, Ganesh Consumer Products, Vikran Engineering, Euro Pratik Sales, and Patel Chem Specialities. These investments offer insights into potential picks during a period of high market activity for new listings.Read More
TruAlt Bioenergy IPO GMP: TruAlt Bioenergy’s initial public offering was fully subscribed. Investors showed strong interest in the Rs 839.28 crore issue. The grey market premium indicated a solid listing expectation. The company is a leading ethanol producer with significant financial growth. IPO funds will support expansion and working capital needs. Shares are expected to...Read More
Japanese government bonds rallied on Monday. This occurred before central bank data and speeches. These events could signal the next interest rate hike. Short and medium-term JGB yields hit 2008 highs last week. Markets anticipate a Bank of Japan rate increase soon. A corporate sentiment survey is expected Wednesday. Central bank officials will speak later...Read More
Pace Digitek IPO: The IPO is now quoting at a 5.5% premium to its issue price of Rs 219 in the grey market, sharply lower than the earlier 14% premium.Read More
The rupee rose 3 paise to 88.69 against the US dollar, trading in a tight range due to capital outflows and geopolitical developments. The RBI’s upcoming policy meeting and potential intervention are closely watched amidst new US tariffs on drugs. Meanwhile, India’s forex reserves dropped, even as domestic equity markets rebounded.Read More
Nine IPOs are scheduled to list tomorrow, following a period of significant primary market activity. Grey Market Premiums (GMPs) for these issues indicate mixed investor sentiment, ranging from a modest 2% to a more robust 12%, suggesting cautious trends despite varied subscription rates across the listings.Read More
The Indian Army floated a ₹30,000 crore tender for the ‘Anant Shastra’ surface-to-air missile system. BEL will lead production, with BDL as co-producer. Developed by DRDO and earlier known as QRSAM, the system offers a mobile, all-weather defence against aircraft, drones, rockets, and missiles at ranges beyond 30 km.Read More
Benchmark indices Nifty and Sensex opened in the green on Monday, September 29, snapping a six-day losing streak. Gains in IT, oil & gas, and metal stocks propelled the market, though a sharp drop in FMCG counters limited the overall upside. The Sensex rose 162 points, while the Nifty gained 75 points.Read More
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