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The IPO of Indo Farm Equipment received strong investor response on its opening day, getting subscribed 6.94 times. The offering included both fresh shares and shares from the promoter. The funds will be used for pre-payment of borrowings, investment in a subsidiary, and general purposes. Shares are expected to list on January 7.

Lending and deposit rates displayed a mixed trend in November 2024. The weighted average lending rate on fresh rupee loans of commercial banks eased to 9.40 percent, while deposit rates firmed up marginally to 6.46 percent. The share of External Benchmark based Lending Rate linked loans increased to 59.4 percent.

Within local equities, poll participants recommend a bigger exposure to large-cap stocks in 2025. Among sectors, most participants prefer banks, IT and pharma.

The rupee was weighed down by dollar bids from foreign and state-run banks along with a decline in most Asian currencies, traders said. Likely intervention from the Reserve Bank of India (RBI) capped further depreciation in the rupee.

The degree of fluctuations shows that the funds were actively managed as US yields shot up after the repricing of interest rate cuts by the US Federal Reserve, economists said. A depreciating rupee, which increases hedging costs, also added pressure, along with a general risk aversion and safe-haven dollar demand before Donald Trump begins his second presidency on January 20.

​​The clarification came after Sebi addressed queries from stakeholders regarding the framework introduced in August this year. The framework is designed to ensure that regulated entities maintain robust cybersecurity posture, remain equipped with adequate cyber resiliency measures.

Reliance lost market value due to the underperformance of the shares of Reliance Industries, the country’s most valuable company. The market capitalisation of the Adani Group fell amid indictments in the US over bribery and fraud allegations.

Pre-IPO funding rounds and secondary transactions will remain key avenues for liquidity, as startups prepare for listings and attract fresh capital. Industry executives said that smaller IPOs will also gain prominence, offering diversified opportunities for new investors.

2024 included intensifying geopolitical strife, a U.S. presidential election and shifting speculation regarding the path of Fed policy in the coming year.

​India continues to display impressive macroeconomic resilience. Key indicators such as the current account deficit, fiscal deficit, and inflation are under control, positioning the economy for sustainable growth.