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Sebi has introduced the Industry Standards Recognition Manual to guide the formation and operation of Industry Standards Fora, launched as a pilot in July 2023. These fora assist in implementing regulatory instructions for various market participants, ensuring good governance and compliance with regulatory directives.

The currency rose to a two-week high of 86.47 in early hours of trading. The Reserve Bank of India likely intervened in the NDF segment, before the spot market opened, driving the rupee to open stronger than expected at 86.457/$1, traders said.

In 2023, Japan s Daiwa Securities Group acquired a 23% stake in Ambit, the holding company. The Japanese firm subsequently picked up stake in Ambit Finvest the NBFC arm. According to Wadhwa, the ongoing market correction is highly favourable for thematic and long-term investing, and Ambit aims to raise $1 billion over the next 3-5 years from this fund.

The stock made a low of ₹1,193.35 on Wednesday - the lowest since December 2023 - before rebounding to close at ₹1,216.55, down 1.4% over the previous day s close.

Hyundai India launched its initial public offering (IPO) in October, raising ₹27,870 crore, making it the largest IPO in Indian stock market history. The stock is currently trading about 7.7% lower than its offer price of ₹1,960.

Besides a ₹1.5 lakh crore liquidity boost late January, the RBI has provided support via screen based OMOs of ₹59,000 crore last month.

Auto components major Bharat Forge Ltd on Wednesday reported a 16.38 per cent decline in consolidated net profit at Rs 212.78 crore in the third quarter ended December 31, 2024, impacted by lower revenue.

Suven Pharma, backed by Advent, reported a 78% year-on-year rise in net profit to Rs 83.3 crore for Q3FY25 driven by strong demand and business development efforts. Revenue grew 40% to Rs 307.2 crore, led by a surge in CDMO business. The company also advanced several molecules to Phase 3 trials and added a new strategic customer.

Ajax Engineering IPO: Before its IPO opening, Ajax Engineering raised Rs 379 crore from anchor investors by allotting 60.3 lakh shares at the upper price band. Ahead of listing, its shares traded at a Rs 17 GMP in the unlisted market, reflecting a 2.7% premium over the Rs 629 upper price band. The IPO price range is set at Rs 599-629 per share, with a minimum lot size of 23 shares.

PN Gadgil Jewellers Q3 Results: P N Gadgil Jewellers reported a 49.4% YoY profit growth in Q3 FY25, reaching ₹86 crore. Revenue rose 23.5% to ₹2,435.7 crore, driven by strong retail, e-commerce, and franchise performance, alongside aggressive showroom expansion.