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Midwest’s Rs 451 crore IPO, which saw a massive subscription of 92.36 times, will finalize its allotment on Monday. Investors can check their status on Kfin Technologies or BSE websites. The company, a leading Black Galaxy Granite producer, is expected to list on October 24 with a potential listing price around Rs 1,160.Read More

Gold prices experienced a modest boost on Monday, marking a recovery from last week’s significant drop. This uptick comes on the heels of gold’s best weekly performance in months, driven primarily by geopolitical unrest and robust buying from central banks.Read More

Indian companies are showing robust profit growth, with a double-digit year-on-year increase in net profit for the fourth consecutive quarter. While sectors like oil, gas, and retail are performing well, banking, finance, and IT are lagging. Analysts anticipate a multi-quarter earnings upcycle, boosted by economic stimuli and policy measures.Read More

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The Indian rupee’s value against the US dollar has fallen significantly. Its real effective exchange rate reached its lowest point since October 2018. This makes Indian goods cheaper globally, helping exporters. The Reserve Bank of India has intervened to stabilize the currency. Earlier this year, the rupee was overvalued due to similar interventions.Read More

Nifty closed higher for the third consecutive week, nearing its record high of 26,277. Analysts suggest banking, financials, and consumption-themed sectors like automobiles and FMCG are strong bets. Investors are advised to buy on dips, with cautious outlook for IT and media sectors.Read More

Silver prices experienced a sharp decline, their biggest in six months. This pullback followed a strong rally this week. Easing worries about US credit and trade disputes between China and the US reduced demand for gold and silver as safe havens. President Trump’s comments helped calm trade tensions. Regional bank results stabilized the stock market...Read More

China’s tightening grip on rare earth minerals, crucial for advanced technology and weaponry, is forcing global industries to seek alternative suppliers. With Beijing curbing access, countries and companies are investing in non-Chinese miners, leading to significant gains for these producers as potential supply disruptions loom.Read More

Reliance Industries saw a 14% profit jump in the September quarter. Strong 5G growth, a recovering oil-to-chemicals business, and expanding retail operations fueled this success. The company is also investing significantly in new energy initiatives and artificial intelligence. Jio Platforms added more subscribers, and Reliance Retail saw robust sales growth. Analysts have slightly improved their...Read More