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Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while it was ~1% lower than 4QFY24 average.

Asian share markets softer on mixed Chinese economic data. European political uncertainty persists. Swiss National Bank may ease. Markets await U.S. retail sales and Fed speeches. French political risks weigh on euro. Gold and oil prices stable.

Some of the expected IPOs in the next few months include that of Ola Electric, FirstCry, Fincare SFB, NSDL, Afcons Infrastructure, Waaree Energies, Asirvad Microfinance, Stanley Lifestyles, One MobiKwik Systems, Emcure Pharmaceuticals, Allied Blenders and Distillers, Shiva Pharmachem, Bansal Wire Industries among others.

The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.

MEP Infrastructure Developers (MIDL) plans to submit a settlement proposal under Section 12A of the Insolvency and Bankruptcy Code (IBC) to resolve its debt issues with lenders. The chairman, Jayant Mhaiskar, aims to seek a settlement before the company faces bankruptcy, highlighting the importance of the IBC provision in creditor settlements.

"We follow the practises of a listed firm and with future generation coming in, we want to list the company. We have substantial land bank across Gurugram and are adding more, which will take valuation of the company further up," said Amarjit Bakshi, chairman and MD, Central Park. The company is expected to launch 7 million sq ft in the current fiscal with ₹2,000 crore investment.

The balmy days of dovish monetary policy that fuelled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.

It is difficult to put incremental money in these pockets and so ABB is 50 times EV by EBITDA, 80-90 times earnings and probably the next four-five-year order book is probably in the price.

Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.

Equity markets, including BSE, NSE, and MCX, will be closed on June 17 for Eid-al-Adha. Indian benchmark indices, Sensex and Nifty, hit record highs driven by state-run companies and energy stocks.