Indian stocks fell sharply on Thursday, with the Nifty index losing 264 points as investors worried about possible US tariffs, foreign fund outflows and weak global cues.
The Nifty closed down 264 points, reflecting a steep fall in Indian equity benchmarks. The drop was driven by concerns over US tariff actions, ongoing geopolitical tensions and a generally weak mood in global markets.
Earlier, the GIFT Nifty on the NSE International Exchange rose 30 points (about 0.12%), suggesting a modestly positive start for the next trading day.
Momentum indicators turned negative, creating a fresh sell signal on the daily chart. Immediate support levels are around 25,800 and 25,720. The India VIX, a fear gauge, jumped 6% to finish above 10.50, indicating higher market anxiety.
Foreign portfolio investors sold shares worth about ₹3,367 crore, while domestic institutional investors bought roughly ₹3,701 crore.
The rupee slipped 3 paise to settle at ₹89.90 per US dollar, pressured by continued foreign fund outflows and a stronger dollar.
The combination of tariff worries, foreign fund selling and rising market volatility suggests that the near‑term outlook may stay choppy. Investors may want to stay cautious and watch key economic data before making big moves.
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before acting.
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Join TelegramIndia saw an unprecedented wave of initial public offerings in 2025, raising nearly Rs 1.95 trillion and giving banks a record $417 million in underwriting fees. Record IPO Activity in 2025 Companies listed on Indian exchanges pulled in about Rs 1.95 trillion, beating the previous year’s high of Rs 1.73 trillion. The jump was driven by more retail investors, steady demand from institutions, and rules that made it easier for firms to go public. Bank Earnings Reach New High Strong deal flow stopped years of fee‑cutting wars and let banks charge higher commissions. On average, banks earned 1.86% of the deal value, up from 1.67% a year earlier. Axis Bank topped the list with $34.3 million in fees. Citi earned $27.1 million. JM Financial collected $25.6 million. JPMorgan made $22.6 million. Motilal Oswal Financial Services saw its fee income grow almost fourfold. Other notable earners included Morgan Stanley and State Bank of India. Why Fees Are Still Low by Global Standards Even with the record haul, Indian underwriting fees remain cheaper than many markets. For example, the typical fee in Hong Kong sits around 1.5%, while India’s average is now about 1.86%. What Might Happen Next? Analysts expect fee percentages to edge higher if more standardized IPOs hit the market this year. A steady pipeline could also reduce the need for aggressive discounting, helping keep pricing discipline intact. Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
India’s National Stock Exchange (NSE) is gearing up to submit its draft prospectus for a public listing by the end of March. Why the IPO Matters The NSE is valued at about $55 billion, making it one of the largest IPOs the country has ever seen. A successful listing could bring new investment opportunities for retail and institutional investors alike. Current Progress The exchange is in talks with investment banks and law firms to finalize the prospectus and test investor demand. Formal appointments will follow once SEBI, the market regulator, gives a no‑objection certificate. Regulatory Hurdles The NSE has been trying to go public since 2016. A pending Supreme Court case and SEBI’s investigation into its co‑location facilities have delayed the process. Last year, the exchange offered a settlement of about ₹13.9 billion, which SEBI is still reviewing. Shareholder Landscape More than 177,000 shareholders currently hold unlisted NSE shares. Major institutional owners include Life Insurance Corporation of India, State Bank of India, Temasek Holdings, Morgan Stanley and the Canada Pension Plan Investment Board. Before the IPO, unlisted shares trade at roughly ₹2,000 each. What Investors Should Watch How many shares will actually be offered – the company has not disclosed the exact percentage. Whether the IPO pricing will be attractive compared with the listed rival, BSE Ltd, which trades around ₹2,800 per share. Potential priority given to long‑term institutional holders during the share‑sale process. Bottom Line If the NSE clears SEBI’s final hurdle and files the prospectus as planned, retail investors could gain exposure to a market‑leader that has never been listed before. Keep an eye on the official filing and any pricing guidance that follows. Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.
The much‑awaited listing of Bharat Coking Coal may be pushed back by a few days because the stock exchanges will be closed on Jan 15 for elections in Maharashtra. Why the listing could slip The IPO opened on Jan 9 and was set to close on Jan 13. Allotment was expected on Jan 14, with refunds and share credit scheduled for Jan 15. Since Jan 15 is a settlement holiday, those post‑allotment steps are likely to move to Jan 16, which means the actual listing could shift from Jan 16 to Jan 17 or even Jan 19, pending official confirmation. Strong demand despite the possible delay Investor enthusiasm remains high. The Rs 1,071 crore issue was fully subscribed within 30 minutes on day one and more than 25 times oversubscribed by the end of day two. Retail and non‑institutional investors led the bidding, showing confidence in the company’s valuation. In the grey market, the shares traded at a premium of about Rs 11 (≈46% above the top issue price of Rs 23), hinting at expected listing gains even in a volatile market. About Bharat Coking Coal Largest producer of coking coal in India and sole major domestic supplier of prime coking coal. Controls roughly 21.5% of India’s total coking coal reserves (≈7.91 billion tonnes). Accounts for about 58.5% of domestic coking coal production in FY25. Operates 34 mines in Jharkhand and West Bengal, close to major steel plants. Subsidiary of Coal India, the world’s biggest coal producer. Financial snapshot and valuation view FY25 revenue: ~Rs 14,401 crore. Consolidated profit: ~Rs 1,240 crore. Debt‑free and cash‑generative. Analysts price the upper band (Rs 23) at about 8.6 × FY25 earnings or an EV/EBITDA of 6.4 × post‑issue capital. Brokerages generally recommend subscribing mainly for potential listing gains, noting that the valuation appears fairly priced given the company’s market share and reserve base. Key takeaway Even if the listing is delayed by a few days, strong subscription levels and a solid financial profile suggest the IPO could still deliver healthy returns for investors. Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.