Page 12 - Markets News

Samvat 2082: Consider buying gold and silver as correction takes root

Experts believe there are more chances of a correction in the near term due to profit-booking, adding that the long-term bullish trend is intact

Stocks rise, gold slips as easing trade tensions boost investor confidence

In Asia, the near-certainty of Sanae Takaichi becoming Japan's next prime minister briefly sent Tokyo's Nikkei to a record high and dented the yen

Avaada Electro files confidential papers to raise up to ₹10,000 cr via IPO

Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has filed preliminary papers with markets regulator Sebi through a confidential route for raising Rs 9,000-10,000 crore through an Initial Public Offering (IPO), people familiar with the development said. With this, the company expects its valuation in the range of Rs 1.10 lakh to Rs 1.3 lakh crore, they added. The IPO is expected to comprise a mix of fresh issue and offer-for-sale (OFS) components by existing shareholders. Proceeds are likely to be utilised toward capacity expansion in high-efficiency solar cell and module manufacturing, including the development of a 5.1 GW integrated facility in Uttar Pradesh and capacity scale-up at its Butibori plant in Maharashtra, the people added. Avaada Electro is part of the Avaada Group, a diversified clean-energy conglomerate spanning solar PV manufacturing, renewable power generation, green hydrogen and derivatives, pumped hydro storage, battery storage,

India rapidly emerging as global hub for services exports, says NSE

India is rapidly emerging as a global hub for services exports with a compound annual growth rate of 14.8 per cent outpacing goods exports, which grew at 9.8 per cent, NSE officials said. The National Stock Exchange (NSE) highlights robust growth in the services sector, structural reforms, and demographic advantages driving the country's economic transformation. "India will be to services, what China has been to manufacturing. It is emerging as global hub for services exports," NSE Chief Economist Tirthankar Patnaik said. India's services exports have grown at a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports which grew at 9.8 per cent, the official, who made a presentation before a visiting media team from Jammu and Kashmir, said. With a 4.3 per cent share in global services exports, India now ranks 7th globally, led by telecom, IT, and business services that contribute nearly three-fourths of total service exports. Technolo

Bulls on the Street: Sensex, Nifty50 clock biggest jump in 4 months

The Sensex rose 862 points, or 1.04 per cent, to end at 83,468, while the Nifty climbed 262 points, or 1.03 per cent, to close at 25,585 - both marking their best single-day gain since June

Handsome payoff: ₹600 crore IPO fees light up Diwali for i-bankers

LG Electronics India and Tata Capital lead October's IPO fee bonanza, as bankers cash in on a busy primary market season

IPO boom gives pause for thought as cracks appear amid volatility

Nearly 200 companies have filed draft initial public offering (IPO) papers this year, setting the stage for an action-packed 2025

Insider trading in IEX stock: CERC starts probe, sends 3 officials on leave

We have taken immediate cognizance of the alleged insider trading related to market coupling, says CERC

Sebi orders ₹173 cr disgorgement from 8 entities for IEX insider trading

Individuals got price-sensitive information before announcement from high-ranking CERC officials

Building healthcare corpus: Balance growth and liquidity, avoid lock-ins

Health insurance policies often exclude several expenses. Sometimes claims get rejected. Standoffs between hospitals and insurers sometimes lead to cashless facility not being available

Embassy Group repays ₹1,748 cr of debt via WeWork India IPO proceeds

The company used proceeds from the WeWork India offer for sale to repay NCDs, slashing leverage and cutting its share pledge to just 15 per cent.

SAT has granted stay on Sebi order to ban firm, officials: Man Industries

Man Industries (India) Ltd on Tuesday said the Securities Appellate Tribunal (SAT) has granted a stay on capital markets regulator Sebi's order that barred the company and its three senior executives. The stay is conditional on the deposit of 50 per cent of the penalty amount, the company said. In its statement, Man Industries said "On October 10, 2025, SAT granted a stay on the entire Sebi order dated September 29, 2025, which was passed against the company and three other noticees." On September 29, Sebi barred Man Industries and its three senior executives from accessing the securities markets for two years and imposed a fine of Rs 25 lakh on each of them for alleged financial misstatement. Those penalised included Ramesh Mansukhani, Chairman of Man Industries; Nikhil Mansukhani, Executive Director; and Ashok Gupta, former Executive Director and current CFO. In its order, Sebi had noted that the financial statements of Man Industries (India) Ltd (MIIL) for the financial years .

Gold, silver surge to all-time highs on trade jitters, rate-cut optimism

Spot gold was up 1.9% to $4,093.39 per ounce, as of 10:04 a.m. ET (1404 GMT), after hitting a record $4,096.35/oz

Rubicon Research IPO booked 104 times offer size on closing day

The initial public offer of pharmaceutical company Rubicon Research Ltd garnered 103.90 times subscription on the closing day of bidding on Monday. The Rs 1,377.5-crore IPO received bids for 1,70,96,76,420 shares against 1,64,55,670 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) attracted 130.26 times subscription. The category for non-institutional investors got subscribed 97.61 times and Retail Individual Investors (RIIs) received 35.47 times subscription. Rubicon Research on Wednesday said it has mobilised Rs 619 crore from anchor investors. The company's initial public offering (IPO) has a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of Rs 877.5 crore by the promoter, General Atlantic Singapore RR Pte Ltd. Post the IPO, General Atlantic's shareholding is expected to reduce to over 35 per cent. The issue has a price band of Rs 461-485 per share. Proceeds from the fresh issue to the tune of Rs 310 cr

Canara Robeco AMC IPO receives 9.74 times subscription on final day

The Rs 1,326 crore IPO got bids for 33,99,83,168 shares against 3,48,98,051 shares on offer, according to details available with the NSE

Bharti Telecom plans to raise up to ₹10.5K cr via bonds on Tuesday

If fully subscribed, it would mark the largest bond issuance of the current financial year

Gold rallies ₹1,950 to record high of ₹127,950 per 10 grams in Delhi

Gold prices rallied by Rs 1,950 to hit a fresh peak of Rs 1,27,950 per 10 grams in the national capital on Monday, driven by safe-haven demand amid renewed US-China trade tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per 10 grams on Friday. In addition, gold of 99.5 per cent purity jumped by Rs 1,950 to touch an all-time high of Rs 1,27,350 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,25,400 per 10 grams in the previous market session. "Gold prices rose sharply higher as renewed US-China trade tensions reignited safe-haven demand," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. The US administration's announcement of a 100 per cent tariff hike on select Chinese products, coupled with China's threat to restrict rare earth exports, has heightened global uncertainty and risk aversion. "This geopolitical tension, along with sustained deman

US-based Tryfacta plans IPO at GIFT City to raise up to $150 million

US-based Tryfacta Inc is planning to file draft papers for its initial public offering (IPO) by the end of this month to raise USD 100-150 million through a listing on the international exchanges at Gujarat International Finance Tec-City (GIFT City), according to people familiar with the development. Currently, the only other company that has filed for an IPO at GIFT City exchanges is Mumbai-based education platform XED, which submitted its draft papers in August. XED aims to garner funds for working capital needs, technology capex, and general corporate purposes. At present, there are two GIFT City Exchanges -- India INX and NSE International Exchange (NSE IX) -- located within GIFT City. According to sources, Yoki Financial Services, an arm of Mefcom Capital and an IFSCA-registered investment bank, has been appointed as the lead manager for Tryfacta's public offering. An email sent to Yoki Financial Services seeking comments on the development remained unanswered. Headquartered

Equity MF inflows ease 9% in Sept; gold, silver ETFs draw record sums

Equity fund flows moderate amid higher redemptions, while SIPs hit record highs and flexicap funds continue to see strong investor interest

Sebi, bourses align penalty framework to ease brokers' compliance

New Sebi framework aims to reduce duplication of penalties, bring uniformity across exchanges, and ease compliance for brokerage firms