NSDL’s IPO, a Rs 4,012 crore offer for sale, opened with strong grey market momentum, hinting at 15% listing gains. Brokerages are largely bullish, citing NSDL’s near-monopoly in depository services, strong financials, and long-term potential, despite caution over regulatory and volume-related risks.
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
Gold prices saw a slight uptick on Tuesday, despite a minor dip in expectations for U.S. interest rate cuts. Investors are cautiously awaiting the Federal