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Canara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. The infrastructure company owes lenders around ₹600 crore. Prudent Asset Reconstruction Company made a binding offer of ₹520 crore. This offer trumped the promoter s settlement proposal. The sale is currently challenged in court.

India s sovereign bond market shows positive signs with a dovish monetary policy and lower state borrowing. However, market participants remain cautious, anticipating limited yield softening due to uncertainty around rate cut timing and potential foreign investor demand pressure. State borrowings for the third quarter are within expected limits, but any uneven distribution could impact rallies.

LG Electronics India is set to launch an IPO, aiming to raise over ₹11,000 crore. The company boasts strong financials, with higher revenue, Ebitda, and a remarkable 37.1% return on net worth for FY25 compared to rivals. Its attractive valuation, with a lower P/E multiple than peers, makes it a compelling long-term investment opportunity.

Global central banks added 15 tonnes to gold reserves in August, continuing a trend of diversifying away from US debt despite soaring prices. While Kazakhstan led purchases, India s central bank bought significantly less than in previous years. High gold prices may be a constraint on buying levels.

Japanese shares reached an all-time high as a pro-stimulus leader was elected, while US stocks also hit a record driven by chipmaker rallies. The yen experienced its largest drop in months ahead of a bond auction. Gold prices neared $4,000 an ounce amid a global equity surge fueled by AI investments.

Japan s Nikkei stock market reached an all-time peak on Tuesday. Chip-related stocks mirrored gains seen in the United States. However, the index saw its rise diminish as excitement surrounding a potential new leader of the ruling party cooled. Investors had previously bet on increased spending and loose monetary policy.

Indian markets saw a boost from global trends. The S&P 500 and Nasdaq touched record highs driven by artificial intelligence deals. AMD s partnership with OpenAI fueled this surge. Despite a US government shutdown, investor sentiment remained strong for AI-related companies. Upcoming earnings reports and economic data will be closely watched.

Oil prices held steady as a modest OPEC+ production hike offered little comfort against concerns of weakening global demand and a potential supply glut. While the group s decision to add 137,000 barrels daily starting November was smaller than expected, analysts point to increasing output from both OPEC+ and non-OPEC+ nations.