Asian stocks slip after US jobs data, oil rises
Asian shares dipped, mirroring Wall Street’s decline as weak US jobs data failed to bolster expectations for Federal Reserve interest-rate cuts. Oil prices surged after President Trump announced a “total and complete blockade” of Venezuelan oil tankers, escalating tensions.
Rupee slides to record low of 91.08 amid FII outflows, FDI repatriation
The Indian rupee hit an all-time low of 91.08 against the US dollar, driven by significant foreign investor outflows and FDI repatriation. Experts suggest the rapid depreciation is partly speculative, with the currency expected to slow its decline as its Real Effective Exchange Rate makes it more competitive internationally.
Mutual funds stay cautious in November, private banks, NBFCs among top picks
Mutual fund managers adopted a cautious stance in November as benchmark indices reached all-time highs while the broader market lagged. Top sector picks included private banks and NBFCs, with fund houses adding stocks like HDFC Bank, ICICI Bank, and Shriram Finance. IT blue chips such as Infosys and TCS also attracted buying interest.
Sebi alleges insider trading in Adani Group’s open offer for NDTV
Sebi has alleged Pranav Adani shared price-sensitive information about Adani Group’s NDTV open offer with his brothers-in-law, violating insider trading norms. The regulator served show cause notices, citing communication frequency during the UPSI period. This comes after Sebi recently dropped a similar case against Pranav Adani and his relatives due to lack of evidence.
Fusion Cx, Orient Cables among 7 companies to get IPO nod
Seven companies, including Fusion Cx and Orient Cables India, have received Sebi’s approval for their IPOs. Fusion Cx plans a Rs 1,000 crore issue, while Orient Cables India aims for Rs 700 crore. Other companies like RSB Retail India and Lohia Corp also received nod for their offerings.
NSE turnover slides to two-year low as investors weigh uncertain returns
Investor interest in Indian equities has hit a nearly two-year low, with average daily turnover declining significantly. This subdued activity stems from uncertainty and underperformance in mid- and small-cap stocks, impacting retail investors, HNIs, and brokerages alike.
Government plans credit guarantee scheme to ease MFI stress
The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.
India set for real GDP growth of 7.5% as inflation stays cool: Axis Bank chief economist Neelkanth Mishra
Axis Bank chief economist Neelkanth Mishra projects India’s real GDP to grow 7.5% in the next fiscal, driven by reforms and supportive policies. Headline inflation is expected to remain within the RBI’s comfort zone around 4%, with the central bank likely maintaining a softer monetary stance.
Vijay Kedia buys 9 lakh shares of SME stock Mahamaya Lifesciences in Rs 12.5 crore block deal
Ace investor Vijay Kedia acquired a significant stake in Mahamaya Lifesciences through a block deal. He purchased nearly 9 lakh shares at Rs 140 each. This transaction highlights investor interest in the agrochemical firm. Mahamaya Lifesciences manufactures pesticide formulations and crop protection products. The company has shown strong financial growth recently. Its shares have performed […]
ICICI Prudential AMC IPO draws nearly Rs 3 lakh crore bids, fourth largest on record
ICICI Prudential AMC’s Rs 10,600 crore IPO drew nearly Rs 3 lakh crore in bids, led by strong global and domestic institutional demand. Robust anchor participation underscored confidence, though valuation and OFS structure suggest a steady, not explosive, listing.