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Indias IPO market is booming, with LG Electronics Indias $1.3 billion issue selling out in just 6.5 hours the fastest in 17 years. Driven by strong domestic participation from mutual funds, insurers, and retail investors, India is nearing last years $21 billion record. However, sky-high valuations and massive oversubscriptions raise concerns of a market correction.
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In a surprising turn, TVS Motor Company shares took a hit even after robust quarterly earnings showcasing impressive profit and revenue growth. While Nomura sees a golden opportunity with a 'Buy' rating and a target price of Rs 3,970, thanks to promising new product launches and increasing export activities, Motilal Oswal echoes this sentiment, emphasizing the company's solid product pipeline.
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Aditya Sood of InCred Asset Management is bullish on India's market, expecting financials and domestic manufacturing to lead wealth creation. He favors banks, consumer discretionary, and capital goods, while remaining cautious on IT and telecom. Gold's rally is driven by central bank diversification and global policy shifts.
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Adani Total Gas shares saw a significant jump on Wednesday. This occurred even as the company reported a profit drop for the September 2025 quarter. Higher input gas prices impacted earnings. However, sales volumes and revenue grew strongly. The company managed to pass on only a portion of the cost increase to consumers.
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News and Media
Oil prices saw a slight increase on Wednesday after three days of declines, driven by a significant drop in U.S. crude inventories. However, gains were tempered by concerns over Russian sanctions and potential OPEC+ production increases. U.S. crude, gasoline, and distillate stocks all experienced larger-than-expected draws last week.
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News and Media
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