GLOBAL-Oil prices extend gains on fears of escalating tensions in Mideast
The IPO of Grover Jewells opened for subscription on Tuesday, with the issue seeing a flat response in the grey market, where it is quoting at a premium of 0%. The IPO, which is entirely a fresh issue, is aimed at raising Rs 33.83 crore and will remain open until February 6. The company is scheduled to list on the NSE SME platform on February 11.
Msafe Equipments raised Rs 18.76 crore from anchor investors ahead of the issue, which also added to confidence around the offering. The IPO is being managed by Seren Capital, with Maashitla Securities acting as the registrar. Evermore Share Broking is the market maker for the issue
GLOBAL-Gold extends rally, jumps over 2% after best day since 2008
The India-US trade deal has eased tariff uncertainty, boosting investor sentiment and suggesting market stress may have peaked. While not a game-changer, the agreement is expected to align equity returns with corporate earnings, projected at 12-15% in 2026. Fund managers recommend diversified portfolios, export sectors, and selective mid and small-cap investments.
Indian corporates anticipate a surge in overseas borrowing over the next two quarters, fueled by improved investor sentiment following a US-India trade deal. This agreement, which includes tariff reductions, has already led to buying in Indian bonds and a spread compression.
Walmart became the first retailer ever to hit $1 trillion in market valuation on Tuesday, riding on a year-long rally that has seen its shares rise nearly 26%.
Shares of legal software firms and data service companies saw a sharp decline on Tuesday. This downturn followed the release of a new AI automation tool by Anthropic. Investors fear this tool could significantly impact the core businesses of these companies. Major players like RELX Plc and Wolters Kluwer NV experienced substantial drops.
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