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The Indo Farm Equipment IPO, subscribed 229.31 times, is the second most subscribed mainboard IPOs of 2024. Strong demand came from QIBs (503.39x) and NIIs (104.36x). Only Vibhor Steel Tubes saw higher subscription.

Buying activity was observed across energy, consumer durables, IT, and auto sectors.

Avenue Supermarts, which operates retail chain DMart on Thursday reported a 17% year-on-year jump in its standalone revenue for the quarter ended December 31, 2024 at Rs 15,565.23 crore. The company had reported a topline of Rs 13,247.33 crore in the year ago period.

The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.

Nifty 500 analysis finds top 5 stocks with moderate EV/MCAP ratio (1-1.5), suggesting a balanced financial structure, manageable debt, and strong investor confidence. This indicates a potentially stable investment opportunity.

The Nifty Realty index was trading 0.48 per cent at 1035.70.

The financial sector shows a mixed outlook. Credit growth faces challenges from credit substitution and slower deposit growth. However, the brokerage prefers public sector banks, highlighting their attractive valuations and superior loan-to-deposit ratios compared to private banks.

The rupee depreciated 9 paise to close at 85.73 (provisional) against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Forex traders said the dollar gained against most currencies during 2024 and continued to remain on a strong footing this year.

The BSE Sensex surged 1,436 points, driven by strong financial, auto, and IT stock performances. Notable stocks included Sundaram Finance, Eicher Motors, Bajaj Finance, Jai Corp, and Petronet LNG.

Indian benchmark equity indices edged higher on Thursday, boosted by gains in financial, auto, and IT stocks ahead of next week’s quarterly earnings season.