Hyundai IPO Share Listing: Hyundai’s IPO grey market premium has jumped to 5%, suggesting improved investor sentiment and a positive listing. The shares are trading at Rs 2067, reflecting a 5% premium. The Rs 27,870 crore IPO saw muted demand initially but improved interest. Analysts recommend subscribing for long-term gains in the premium car market.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with