Indian equity markets ended lower on Wednesday, extending a decline for the fourth straight session. The BSE Sensex fell by 31 points, while the NSE Nifty 50 slid below the 26,000 mark.
Silver futures on Indian exchanges surged to an all-time high of ₹1,84,727 per kilogram, spurred by a sharp depreciation in the rupee and firm global demand for precious metals.
This week brings three very different IPOs to the markets: Meesho — a ₹5,421 crore e-commerce offering; Aequs — a ₹922 crore aerospace-manufacturing IPO; and Vidya Wires — a smaller, ₹300 crore industrial IPO focused on metal conductors.
Aequs, a relatively little-known precision-manufacturing firm, has launched a ₹922 crore initial public offering — timed to take advantage of what analysts say is a growing $3 billion-plus global demand for aerospace components.
When markets get shaky — with foreign outflows, rupee weakness, and macro uncertainty — many investors rush to “safe” large-caps. But there’s another approach: selective mid-cap investing.
With the major indices Nifty 50 and BSE Sensex showing upward momentum, several large-cap stocks have drawn bullish recommendations — with many flagged as having more than 28 % upside over the next 12 months.
Coforge has shown renewed strength on the charts — the stock recently broke out of a Descending Triangle pattern on its weekly chart, a move that technical analysts believe could open the door for further gains.
A fresh analysis by market strategists finds that as many as eight banking stocks currently offer potential upside of more than 22% over the next 12 months.
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