Tenneco Clean Air’s Rs 3,600 crore IPO will list on November 19. Grey market trends suggest a 29% premium, with shares potentially opening at Rs 512. The IPO saw overwhelming demand, subscribing 61.79 times. Strong investor interest is driven by the company’s market position and financial performance. Allotment status can be checked on the registrar’s...Read More
Indian markets are entering a stock-picker’s phase, says Sameer Dalal of Natverlal & Sons Stockbrokers. He cautions against rushing into data-centre stocks due to heavy capex and uncertain profitability, while highlighting strong opportunities in selective green-energy plays and private banks. Dalal expects range-bound markets ahead, advising investors to focus on growth plus value rather than...Read More
Global markets are experiencing a slight cool-off, leading to a reassessment of year-end expectations. While US equity and bond funds see consistent inflows, emerging markets are attracting attention, with India receiving a notable portion of GEM fund investments. Investors are seeking diversification amidst shifting market dynamics.Read More
Economists are sounding alarms over the escalating fiscal burden of cash handouts and subsidies, with many states facing unsustainable debt levels. Freebies are straining state budgets, diverting funds from development and leading to concerns about long-term financial viability and potential bankruptcy.Read More
Japanese government bond yields surged, with super-long yields hitting record highs, as investors anticipate a larger-than-expected stimulus package. This increased spending, coupled with potential delays in central bank rate hikes, has led to a sharp steepening of the yield curve. Markets are also bracing for a significant 20-year JGB auction.Read More
PhysicsWallah shares jumped up to 13% in their market debut after listing at a strong premium over the IPO price, sparking immediate interest among investors. While the edtech firm posted robust revenue growth and returned to profit, analysts remain divided, urging investors to balance optimism with caution amid competitive and regulatory risks.Read More
Japan’s Nikkei share average experienced its largest decline in over seven months, falling 3% on Tuesday. This sell-off was driven by investors shedding tech stocks, mirroring a sharp overnight drop on Wall Street. The index’s fall below the key 50,000 level accelerated the decline as sentiment worsened.Read More
Shares of Kaynes Technology India Ltd. fell sharply on Tuesday as 11.6 million shares exited the lock-in period, making them eligible for trading. However, this does not necessarily mean these shares will be sold immediately. The company reported strong quarterly earnings, with net profit rising 102% and a robust order book.Read More
Bitcoin fell more than 5% in the last 24 hours, while Ethereum declined over 6%. Most major altcoins — including XRP, BNB, Solana, Tron, Dogecoin, and Cardano — were down about 5%. Hyperliquid, however, bucked the trend with a 4.24% rise. Overall, global crypto market cap slipped 4.05% to $3.1 trillion, per CoinMarketCap.Read More
WeWork India shares saw a significant jump after Jefferies initiated coverage with a buy rating. The brokerage believes the company is entering a multi-year growth phase. This growth is expected to be driven by strong demand for premium flexible workspaces and operational efficiencies. WeWork India is positioned as a leader in the expanding Indian market.Read More
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