The Indian rupee experienced a slight boost this week, driven by declining oil prices and the prospect of increased foreign investment. Although initial gains were curtailed due to importer demand, the currency received support as short-seller positions diminished. Investors are keenly awaiting US inflation figures, as these may impact future interest rate strategies. Notably, Indian financial markets will be closed on Friday in observance of a holiday.
India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisation exposure. Concentration persists, with limited firms handling multiple mandates, while auditor exits and tenure completions signal ongoing churn within the listed companies’ audit ecosystem.
Waterways Leisure Tourism IPO: The IPO received a lukewarm response on its final day of bidding, with the issue subscribed only 69% overall. While retail investors showed strong interest, subscribing their portion three times, participation from institutional investors remained weak.
Indian stock markets experienced a significant surge on Thursday, with both the Sensex and Nifty climbing over 1%. This bullish trend was fueled by declining crude oil prices and positive global market signals. The Sensex saw a jump of nearly 800 points, while the Nifty 50 rose by over 200 points, injecting substantial value into the overall market capitalization.
Bitcoin slipped towards the $61,000 level as profit booking and cautious sentiment weighed on crypto markets. Broader weakness across major tokens reflected risk aversion, although analysts noted continued institutional participation and long-term adoption trends supporting the sector despite elevated short-term volatility.
Areion Assets Management has launched a $60 million Category III AIF from GIFT City targeting India’s special situations market. The fund will invest in distressed assets, structured credit and IBC opportunities, focusing on recovery-led value creation across sectors, amid increasing institutionalisation of alternative investments in India.
IRFC shares are in focus as the government’s Rs 2,212 crore offer for sale opens for retail investors at a floor price of Rs 91 per share. The OFS, oversubscribed by institutional investors, will include a greenshoe option. The government continues its broader disinvestment push across PSU stocks.
CSM Technologies IPO entered its second day with a 4% grey market premium, signalling modest listing expectations. The issue was subscribed 26% on Day 1, with strong retail and NII interest but no QIB participation. The Rs 145.78 crore IPO remains open until June 29 at Rs 107–113 price band.
Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders are factoring in multiple rate increases this year, with a significant chance of a September hike. Investors are now keenly awaiting key U.S. inflation data for further monetary policy direction.
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