Gallard Steel’s IPO allotment concludes today after extraordinary demand, with subscription touching record levels across categories. Strong GMP indicates optimism for listing gains, though allotment is expected to be extremely tight. The company’s rapid financial growth and specialised engineering capabilities add to investor interest ahead of its BSE SME debut.Read More

TeamLease Services shares surged 11% to Rs 1,840.65 on the BSE following the November 21 implementation of India’s new labour codes. The reforms, including the Code on Social Security, 2020, are expected to accelerate the shift from unorganised to organised employment, boosting demand for staffing firms. Compliance-driven companies like TeamLease stand to gain from higher...Read More

India’s new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors...Read More

Domestic equities hold firm above 26,000, buoyed by strong quarterly earnings and consumption trends. Market participants anticipate policy easing in India and the US, alongside a potential US tariff agreement. While large-caps show resilience, mid and small-caps are undergoing a necessary valuation reset.Read More

The Reserve Bank of India has stepped in to support the rupee. The currency faced pressure after crossing a key level. The RBI sold dollars to stabilize the rupee. This action helped lift market sentiment. Bankers noted the rupee’s weakness was due to high dollar demand. A trade deal between India and the US could...Read More

India’s solar sector has been a stock market powerhouse, with panel makers, developers and EPC players delivering massive returns amid a clean energy push and rapid manufacturing expansion. KPI Green, Borosil Renewables, Tata Power and Adani Green have surged sharply, while standout performer Waaree Renewable Technologies delivered over 60,000% returns. Websol Energy and Solar Industries...Read More

Indian IT major shares, including Infosys, Tech Mahindra, HCL Tech, and TCS rallied after US Federal Reserve official John Williams indicated that interest rates could fall “in the near term.” These remarks significantly boosted expectations for a December policy easing (rate cut) by the US Fed.Read More

Indian markets concluded the week on a positive note, extending their upward trend. The Nifty experienced a narrow trading range but closed with net gains. While volatility increased, the broader trend remains bullish, supported by strong technical indicators and positive sector rotation. Investors are advised to remain selectively optimistic, with key support and resistance levels...Read More

Investors are turning cautious toward year-end as uncertainty over potential Federal Reserve rate cuts and stretched AI-related valuations weigh on markets. Recent volatility has returned, major indexes have pulled back from recent highs, and tech stocks are driving the decline. While December is historically strong, sentiment may remain subdued until clearer Fed guidance emerges.Read More

UBS has initiated coverage on Shaily Engineering Plastics with a Buy rating and a target price of Rs 4,000, citing strong growth prospects driven by its patented technology, upcoming GLP-1 generic launch, and improving utilisation across consumer and industrial segments. The brokerage expects robust earnings growth and market share gains supported by high entry barriers...Read More