Investors await allotment results for Billionbrains Garage Ventures’ IPO today. The Rs 6,632 crore issue saw strong demand across all segments, with overall subscription at 17.6 times. While listing gains are expected to be modest, analysts see long-term appeal in Groww’s profitable digital platform, despite a rich valuation.
SBI Securities’ Sudeep Shah highlights M&M and UPL as top stock picks. Nifty shows a strong breakout, retesting support near 25,300, with resistance at 25,650. Bank Nifty leads, displaying robust relative strength and bullish momentum, targeting 59,000. M&M and UPL exhibit positive technicals, suggesting further upside potential.
Gold price prediction: Gold prices are set to react to global economic shifts this week. The US dollar’s strength and reduced expectations for Fed rate cuts are currently impacting gold. Upcoming US government funding news and trade talks between the US and China will be key drivers.
Donald Trump announced a $2,000 per person dividend funded by tariff revenues, excluding high-income individuals. While details on eligibility, structure, and timing remain unclear, the proposal could be implemented through tax changes like deductions and tax-free tips. This initiative, requiring congressional approval, faces scrutiny regarding the legality of tariffs.
Gold and silver prices surged on Monday, driven by heightened safe-haven demand following disappointing US consumer sentiment and employment data. Global spot gold and US gold futures also saw increases. Analysts anticipate continued volatility due to economic uncertainties and potential Federal Reserve rate cuts.
The ongoing government shutdown has severely disrupted US flight schedules, leading to over 2,500 cancellations by Saturday evening. Staffing shortages at FAA radar centers and control towers, exacerbated by unpaid air traffic controllers, are forcing airlines to scale back operations. This is causing significant passenger anxiety, financial losses, and broader economic concerns for supply chains
Retailers like Walmart, Target, and Aldi are offering more affordable Thanksgiving meals this year by heavily featuring private-label products and trimming menus. While prices are down, these deals often involve fewer items and store-brand substitutes, a trend driven by consumer concerns over rising food costs.
Get ready for a busy IPO week as five companies prepare to raise over Rs 10,000 crore. From edtech giant PhysicsWallah to automotive component maker Tenneco Clean Air India and solar firm Emmvee Photovoltaic Power, the mainboard sees significant action. Two smaller firms, Mahamaya Lifesciences and Workmates Core2Cloud Solution, will also launch on the SME
China’s consumer prices saw a mild 0.2% year-on-year increase in October, breaking a period of stagnation and decline. This slight improvement occurs as the nation grapples with a property debt crisis, weak consumer spending, and high youth unemployment, while factory-gate prices continue to fall.
China has temporarily lifted its ban on key high-tech exports like gallium and germanium to the US, a move effective immediately until November 2026. This decision follows a recent meeting between Presidents Xi Jinping and Donald Trump, signaling a de-escalation in their trade dispute. The pause aims to ease global supply chains and allows for
