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India s once-thriving grey market for IPOs is seeing plummeting premiums with muted investor sentiment since the year s start, reflecting weak post-listing performance and low subscriptions. Continuous selling by foreign investors and cautious market outlook have further impacted the grey market activity.

JM Financial has recommended a buy call on Sun Pharmaceutical Industries with a target price of Rs 2115, expecting a significant price increase from the current Rs 1655.2 over one year. Sun Pharma reported a consolidated total income of Rs 14141.08 crore for Q3 FY24 and a net profit of Rs 2917.54 crore, showing strong financial growth.

The Nifty Bank index was trading 1.1 per cent down at 48442.7.

Gold Prices surged by Rs 900 per 10 grams last week on MCX amid volatility from global uncertainties and weak US data. Silver also gained, while a weaker dollar index supported gold demand. Analysts expect continued fluctuations. MCX gold support is at Rs 85,770, resistance at Rs 86,650, while silver support is at Rs 95,500, resistance at Rs 97,400.

I think that extreme fund flow picture where just US assets were being bought, including other developed equities, like European equities, despite there being not much growth there, I think that phenomenon might not sustain.

The term sheet did not outline the deal size, but the source said the bank was aiming to raise $1 billion. The source could not be named discussing confidential information.

​So, these are not good measures actually and they artificially inflate the Nifty PE because you are removing profit-making companies with a relatively lower valuation and getting companies with not too much of profits.

India-focused funds are experiencing outflows, but the sentiment toward India s growth remains positive. Fund managers are selling to cover redemptions, but India’s strong domestic demand makes it a safer option. While money is moving into Europe amid speculation about its economic prospects, US funds continue to see robust flows, benefiting from high short-term yields.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which the stock was traded throughout the day, with the average weighted by trading volume.