So, you throw down your cards and you wait for the opponent to show their cards and then he makes a different play after that. So, it is a wait and watch. Markets have priced in one level of Trump moves post Jan 20th but let us see what actually comes, that could surprise, so that is one. As far as the Fed goes, a rate cut tomorrow and then a pause probably.
Identical Brains Studios' 20 crore SME IPO opened for subscription on December 18 and closes December 20. The VFX studio offers shares at 51-54 apiece, with a GMP of 38. Proceeds will fund office renovations, a new Lucknow branch, and working capital.
Mobikwik shares are set to debut on Wednesday with a grey market premium of Rs 160, indicating a potential 57% premium over the IPO price of Rs 279. The Rs 572 crore IPO was oversubscribed 119 times. The company plans to use the proceeds for growth and expansion.
Vishal Mega Mart shares are set to debut on Wednesday with an expected premium of over 28%. Strong demand from institutional investors propelled the offer, despite being entirely an OFS. Analysts predict a decent listing gain of 20-25%, advising profit-booking for short-term investors while encouraging long-term holding.
Indian indices closed lower Tuesday, with investors cautious ahead of the US Federal Reserve's rate decision. Vedanta, ITC, and Piramal Pharma saw notable price action. Analysts suggest Vedanta and ITC are good long-term buys, while Piramal Pharma shows potential for further upside after a recent correction.
Japanese automakers Honda and Nissan are discussing the creation of a joint holding company to share resources and bolster their competitiveness against rivals like Tesla and Chinese manufacturers. While both companies confirmed ongoing collaborations, they denied any formal merger announcement.
Reserve Bank of India (RBI) data showed liquidity in the banking system was at a large deficit of 1.1 lakh crore on December 16 due to quarterly advance tax outflows. Liquidity in the system was also drained on RBI interventions in the foreign exchange market, as it was seen selling dollars to stem a sharp fall in the rupee.
Brokerages recently initiated coverage on Delhivery, Quess Corp, and Piramal Pharma. These stocks are expected to return between 19% and 39% as per analyst price targets.
