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Undoubtedly, we are at all-time high level but we are not at all-time high valuation. There is Triveni Sangam of flows, sentiment and fundamentals in India. As you mentioned, everyone is a buyer. There is very-very limited supply. Some private equity guys, some IPOs but demand is aggressive and more supply is restricted.

Adani Total Gas Ltd, a joint venture between Adani Group and TotalEnergies, will invest Rs 18,000-20,000 crore in the next 8-10 years to expand its infrastructure for retailing CNG and piping gas to households and industries. It currently has 460 CNG stations and serves 7 lakh consumers of piped cooking gas. The company aims to tap into the growing demand for cleaner fuel and plans to build over 1,800 CNG stations in the next 7-10 years. It is also diversifying into compressed biogas and EV charging.

Hong Kong Exchanges and Clearing will launch a new initial public offering (IPO) settlement platform to improve efficiency by shortening the period between pricing of an IPO and trading of shares to two days, the bourse said on Wednesday.

Gold prices remained near a four-month low due to comments made by Federal Reserve Chair Jerome Powell, who suggested more interest rate hikes were likely to combat inflation. The dollar index held steady, and investors now see an 81% chance of a rate hike in July. High interest rates discourage investing in gold, which has no yield. Market participants are eagerly awaiting economic data including jobless claims, GDP numbers, and personal consumption expenditures data. In other metals, silver, platinum, and palladium saw slight gains.

The Reserve Bank of India (RBI) has expressed its commitment to creating a global regulatory framework for crypto assets, stablecoins, and decentralized finance (DeFi). The RBI has highlighted the risks associated with these assets, including their impact on financial stability and the potential for systemic exposure. The central bank has suggested three policy responses: banning, containing, or regulating cryptocurrencies.

Stock markets will be closed on Thursday due to the observance of Bakri-Id, resulting in a total of 15 annual holidays in 2023. The multi-commodity exchange will also have a half-day closure. The ideaForge IPO subscription period has been extended by a day. Despite the market holiday, benchmark indices reached record highs earlier in the week, prompting experts to advise investors to focus on long-term asset allocation rather than timing the market.

Sebi has decided to revamp its complaint redressal system in order to strengthen the investor grievance handling mechanism. Measures include linking the Sebi Complaint Redress System with the Online Dispute Resolution Mechanism and reducing timelines. Additionally, the board has approved amendments to regulations pertaining to Non-Convertible Debt Securities (NCDs), which will come into effect from January 1, 2024. Sebi hopes these measures will improve transparency and boost the corporate bond market.

HDFC, the promoter company, has increased its stake in subsidiary HDFC Life through bulk deals. HDFC purchased 1.65 crore shares at an average price of Rs 674 apiece, following a previous acquisition of a 0.7% stake in HDFC Life through open market transactions.

Sebi has approved a proposal to reduce the time period for listing shares for initial public offerings (IPOs) from 6 days to 3 days. The new timeline will be implemented in two phases, with voluntary compliance starting from September 2023 and mandatory compliance from December 2023. The move aims to simplify the IPO process and benefit both issuers and investors by allowing issuers to receive funds and allottees to receive securities more quickly

These include FPIs holding more than 50% of their Indian equity AUM in a single Indian corporate group or FPIs that individually, or along with their investor group hold more than Rs 25,000 crore of equity AUM in the Indian markets.