NSE’s Rs 22,561.57 crore IPO ranks as India’s second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison.
Puravankara Ltd will redevelop three housing societies in Mumbai. The realty firm expects a total revenue of Rs 2,600 crore. These projects are located in Bangur Nagar, Goregaon West, Mumbai. They offer a total developable potential of 1.05 million sq ft. Puravankara has completed 97 projects across various Indian cities.
The Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalancing inflows that limited declines. Meanwhile, most Asian currencies faced a downturn following the interest rate hike by the US Federal Reserve. The dollar index remained elevated, surpassing 100, while the Reserve Bank of India effectively curtailed surplus rupee liquidity from the market.
LIC, NSE’s largest shareholder with a 10.72% stake, received shares worth about Rs 450 crore in the exchange’s anchor allocation ahead of its IPO. NSE raised Rs 6,746 crore from 189 investors at Rs 1,785 per share.
The Hong Kong dollar weakened towards the lower end of its trading band as the widening interest-rate gap with the US increased the appeal of carry trades. The HKMA raised its base rate by 25 basis points to 4.25%, although analysts do not expect an immediate currency-market intervention.
Bitcoin traded near $76,000 after the Federal Reserve raised rates by 25 basis points, while Bitcoin and Ethereum ETFs saw nearly $592 million in combined outflows. Crypto prices remained resilient, though analysts flagged cautious technical structures and hawkish monetary policy signals.
India’s wealth-management market could grow 2.5 times to $436 billion by 2034, driven by rising incomes, financialisation of savings and wider capital-market participation, Emkay Wealth Management said. The wealth manager expects small- and micro-caps, global diversification and customised investment solutions to gain importance as investor needs become more sophisticated.
Francois Rochon cautions investors against assuming recent market conditions will persist indefinitely. His observation highlights the risks of extrapolating short-term trends, stressing the importance of understanding market cycles, valuations, fundamentals and changing economic conditions when making long-term investment decisions.
India’s Nifty has declined 12% in 2026, but Goldman Sachs’ basket of 42 AI enablers has surged 60%. Power, data centres and semiconductor companies are driving gains, supported by earnings growth, rising capex and increasing corporate focus on AI infrastructure.
Venus Pipes and Tubes shares jumped 9% after the company proposed a Rs 372 crore preferential issue to marquee investors including Ashish Kacholia, Carnelian Bharat Amritkaal Fund and WhiteOak Capital-linked entities, with most proceeds earmarked for debt repayment.
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