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Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets reulator Sebi s go-ahead to raise Rs 700 crore through an initial public offering (IPO).

Pankaj Pandey shares insights on various sectors. Pharma companies are focusing on specialty products. Generic drug pricing pressure is expected to continue. FMCG companies are shifting strategies to chase margins. Cement sector is showing better numbers. Hotel sector is also performing well. Auto sector is selectively positive. Food segment is expected to show double digit growth.

Before the split, the company had 2,480 crore authorised equity shares with a face value of Rs 10 each, totalling Rs 24,800 crore. Post-split, it will have 12,400 crore shares of ₹2 each, keeping the authorised capital unchanged at Rs 24,800 crore.

Japan s Nikkei share average slid on Friday, dragged lower by chip-related stocks on rekindled concerns about technology investment.

Seshadri Sen of Emkay Global Financial Services discusses the Indian market. He believes tariffs pose a limited threat. A cyclical recovery in consumption is expected. This will be driven by the Reserve Bank of India s monetary stimulus. Earnings are mixed, but not alarming. Consumer discretionary and industrials are favored sectors.

European stocks hit a 3-week low on Friday at the end of a busy week as investors worried about the impact of fresh U.S. levies on dozens of countries including a 39% rate on Switzerland.

Nuvama Wealth Management s shares have declined following income tax searches related to the Jane Street market manipulation probe. While Nuvama hasn t been directly implicated by SEBI, its role as Jane Street s trading partner in India has sparked investor concerns. SEBI alleges Jane Street manipulated index levels, amassing significant profits.

Mainland China and Hong Kong stocks extended their declines on Friday, posting their steepest weekly losses since April, weighed down by soft domestic economic data and worries over global trade following U.S. President Donald Trump s new tariffs.

IDFC First Bank first cleared a preferential allotment of over 81.26 crore shares, equating to a 10% stake in the company in April this year. The capital raised is aimed at fueling the bank’s upcoming growth initiatives.

The Indian rupee closed at a record low of 87.59 per dollar on Thursday, pressured by U.S. tariff threats, foreign outflows, and strong dollar demand. RBI intervened multiple times to limit losses, but persistent pressure from importers capped recovery.