Macquarie initiated coverage of NSE with an Outperform rating and a Rs 1,965 target, citing its dominant market position, strong network effects, profitability and growth prospects. It expects 12% revenue CAGR through FY30, despite near-term CAS pressures. NSE’s Rs 22,562-crore IPO was subscribed 5.71 times, with QIB demand strongest.
Varmora Granito IPO enters its third and final day of bidding today with a subdued response and zero GMP in the grey market. The Rs 708-crore issue saw 27% subscription on Day 2. Analysts maintain a subscribe rating based on strong FY26 earnings recovery and debt reduction plans.
NSE IPO Listing time and GMP: The Rs 22,562-crore NSE IPO comprises entirely an offer for sale (OFS) of 12.64 crore shares. Since there is no fresh issue, NSE itself will not receive any proceeds from the IPO
WhiteOak Capital is gearing up for an initial public offering projected to raise ₹1,500 crore, potentially reaching a valuation of ₹9,000 crore. Established by Prashant Khemka in 2017, the firm oversees around $13 billion in assets. Following the recent trends set by alternative investment firms like Gaja Capital, Khemka has confirmed plans to go public; however, no definitive timeline has been disclosed.
NSE is set to debut on the stock market amid market expectations of moderate gains. Traders quote a grey market premium of around ₹83 per share, down significantly from earlier estimates. The IPO was subscribed 5.71 times, highlighting strong institutional interest despite expectations for lower listing gains. Strict supply rules could limit immediate trading shares, impacting initial price movements post-listing.
Indian equity benchmarks experienced gains on Wednesday, driven by widespread buying in the market. Investors reacted positively to signs of potential de-escalation in West Asia and changing crude oil prices. The Nifty 50 and Sensex indices both increased after assessing recent corporate developments and strategic forecasts. Key stocks including Bharat Dynamics and NTPC are anticipated to remain in focus following significant announcements.
US diesel futures fell significantly following reports of a potential 90-day export ban. President Donald Trump expressed his support for the ban to manage rising fuel prices. However, US Energy Secretary Chris Wright indicated that such a ban may not effectively resolve the price issues. Diesel prices have surged due to supply cuts from major exporters like Russia and Saudi Arabia.
Indian equities ended higher despite volatility, with investors focusing on improving domestic growth momentum despite elevated crude prices and geopolitical risks. Three stocks are suggested by an expert citing bullish trends, improving momentum and breakout signals.
The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal Reserve rate hikes. Rising yields intensified pressure on equities, particularly growth and technology stocks.
The average 30-year mortgage rate reached 7.12%, its highest since May 2024, marking a significant increase. This rise follows the recent Federal Reserve interest rate hike aimed at controlling inflation. As borrowing costs climb, refinancing and home purchase applications have decreased significantly. The surge in rates has resulted in more borrowers opting for adjustable-rate mortgages. Elevated oil prices and inflationary pressures are contributing factors to the current housing market conditions.
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