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Global markets company CLSA sold over 8 lakh shares in WeWork India Management on Monday. The deal size reached Rs 52 crore. WeWork India shares continued their decline for a second day. The stock is trading below its IPO price. The company's recent IPO saw lukewarm response from retail investors. Qualified Institutional Buyers drove the subscription.
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Bank of America has boosted its price targets for gold and silver. Gold is now projected to reach $5,000 per ounce by 2026. Silver's target is set at $65 per ounce. These forecasts are supported by fiscal deficits and a push for lower interest rates. Silver has already seen significant gains this year, crossing the $50 mark.
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Eyewear retailer Lenskart and financial services firm Billionbrains are poised to raise a combined $1.7 billion through IPOs this month, bolstering India's booming stock market. Lenskart targets $900 million, while Groww's parent Billionbrains aims for $750 million, with listings expected by early November.
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Indian stock markets opened lower this week as global geopolitical issues impacted investor sentiment. The Nifty 50 fell below 25,200. Analysts suggest that dips present fresh buying chances. Banking stocks, particularly Axis Bank, are showing strength. HDFC AMC is also poised for upward movement. The market outlook remains constructive with a buy-on-dips strategy.
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The were honoured, according to a Nobel committee statement, for having explained innovation-driven economic growth with one half to Mokyr for having identified the prerequisites for sustained growth through technological progress and the other half jointly to Aghion and Howitt for the theory of sustained growth through creative destruction.
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