Daily Financial Update
Opening Recap
Market Pulse: Dalal Street hit the snooze button yesterday, with the Sensex sliding just over 150 points and the Nifty dipping below 26,200 after a relentless run drove traders to lock in gains.
Key Movers: Wockhardt’s USFDA nod for Zaynich antibiotic, Torrent Gas’s $450 million IPO setup, and Vidya Wires’ grey-market premium ramp-up were the centerpieces driving chatter in the street.
Macro & Politics: India’s push for a global EV summit to attract investment collides with China’s aggressive pricing squeeze on exporters, underscoring a political tug-of-war behind market moves.
What’s Next: Watch tomorrow’s IPO debuts—Vidya Wires and Aequs face the real test when their books open, and any RBI commentary could spark fresh volatility.
Market Commentary
What everyone’s missing is the assumption that domestic momentum will steamroll external pressures. Nomura’s “Nifty To Hit 29,300 In 2026…” call (Ndtvprofit.com) looks shiny until you see “China’s pricing power is undercutting India’s export dreams” (The Times of India). That Chinese squeeze isn’t just a head-fake—it’s a damn real threat to any runaway bull.
Even as New Delhi touts its global EV summit to lure capital (Livemint), that same policy noise doesn’t address the tariff battles decimating textile and auto-part exporters. And guess what? Aequs IPO opens tomorrow with a robust GMP signal (The Times of India)—but if China keeps undercutting, those precision-engineering dreams might get sidelined.
So here’s your move: trim the export plays riding on hope and lean into sectors resilient to external pricing wars—think domestic consumer staples and services. Keep an eye on RBI commentary; it could sting or soothe this market overreaction.
📈 Breaking Financial News
Nifty To Hit 29,300 In 2026, Says Nomura As It Lists Top 20 Stock Picks – Details Inside
Nomura expects Indian equities to close 2025 on a considerably more stable footing than at the start of the year, supported by calmer global conditions, a cyclical recovery in domestic growth and easing valuation concerns. In its India Strategy outlook, the b…
Nomura projects India's Nifty rising to 29,300 by 2026 as growth recovers
Nomura forecasts India's Nifty 50 to reach 29,300 by end-2026, anticipating a 12% rise driven by economic momentum and earnings growth under supportive policies. The brokerage sees normalized valuations and constructive medium-term outlook due to policy suppo…
Vidya Wires IPO opens tomorrow: GMP signals steady demand — Key dates, price band, and All you need to know
Vidya Wires’ Rs 300-crore IPO opens on December 3, drawing steady investor interest as the grey market signals an 11.5% premium. With competitive valuations, solid earnings and a diversified product mix, the company’s listing on December 10 is keenly watched …
Sensex drops over 150 pts, Nifty below 26,200 as D-Street pauses record run
Indian equities opened lower on Tuesday, with the Sensex and Nifty retreating from recent record highs. Investors engaged in profit-taking, while foreign funds continued to reduce their holdings, leading to a softer market sentiment. Both benchmarks had reach…
‘The era of data-labeling companies is over,' says the CEO of a $2.2 billion AI training firm
Simple annotation work is no longer enough for advanced AI, says Turing's CEO, who says models need complex, real-world data.
EXPERT: ” Every American Investor Could Soon Become a Millionaire” Imagine a bul
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🔍 Market Analysis & Insights
‘Expect Large Revenue': Wockhardt Ready To Break Out Of Current Range After Historic USFDA Nod For Zaynich
Shares of Wockhardt have been on a roll so far this week after the company announced Monday that it had received USFDA acceptance for a new drug application (NDA) for Zaynich antibiotic. Habil Khorakiwala, Founder and Chairman of the Wockhardt Group, spoke to…
Torrent Gas hires Citi, two others for $450 million IPO
Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction, …
Nomura projects Nifty rising to 29,300 by 2026 as growth recovers
Nomura expects India’s benchmark Nifty 50 to climb to 29,300 by end-2026, about 12 per cent above current levels, as cyclical economic momentum and earnings growth regain traction under supportive policies, its analyst Saion Mukherjee said.
Aequs IPO opens tomorrow: Strong GMP signals robust investor interest. Should you subscribe?
Belagavi-based Aequs Limited is launching its Rs 921.81 crore IPO on December 3, 2025, with strong grey market premium indicating investor enthusiasm. The precision engineering firm, serving aerospace and other sectors, aims to use IPO proceeds for debt repay…
China’s pricing power is undercutting India’s export dreams
India's October 2025 export data reveals a paradox: electronics surged 19%, driven by smartphones, while most other major categories shrank. Aggressive Chinese competition and tariff pressures are squeezing India's export potential, with traditional markets i…
Elon Musk's Final Project REVEALED It's a secret project …
bigger than Tesla … bigger than SpaceX … and bigger than Twitter. Inside this warehouse in Memphis Tennessee… Lies a new technology that is 100,000 times more powerful than Nvidia's most advanced AI chip. Nvidia's CEO is even considering investing in this project directly. Get the full details on Elon's secret new AI project now.
💰 Investment Opportunities
India’s Torrent Gas Hires Citi, Two Others for $450 Million IPO
India’s Torrent Gas Ltd. has hired three banks for its planned initial public offering that may raise as much as $450 million, according to people familiar with the matter.
Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know how much gold you can legally keep
Mr. Nilawar has emerged victorious against the tax department's attempt to seize his family's gold collection. The Mumbai Income Tax Appellate Tribunal ruled that the jewellery rightfully belonged to him, recognizing it as part of long-standing family customs.
WhatsApp chats in tax investigations: Courts push back against uncorroborated digital evidence
WhatsApp chats have become a common source of evidence in income-tax investigations. However, recent ITAT rulings indicate that such messages require independent corroboration to be deemed valid, as courts emphasize the need for solid evidence over mere specu…
India plans global EV summit as it rewires plan to spur investments, fix supply chain
The event will be positioned as a sequel to the 2018 MOVE Summit that was inaugurated by Prime Minister Narendra Modi.
Analysts rate CBA and these popular ASX shares as sells
Let's see why analysts are bearish on these names. The post Analysts rate CBA and these popular ASX shares as sells appeared first on The Motley Fool Australia.
Congress to feature Trump on $100 Bill?
A shocking new plan was just introduced in Washington. The idea is to celebrate Trump's new “golden age” by placing him on the $100 bill. As you'll see, it has little to do with the new Crypto Reserve… Or Trump's ambitious plan for Artificial Intelligence… Former Presidential Advisor, Jim Rickards says, “Trump's crowning achievement will be much, much bigger.” In the months ahead, he predicts, the government will release a massive multi-trillion-dollar asset which it has held back for more than a century. And this will give ordinary investors a chance to strike it rich. Click here to see the full details.
