Global markets are suggesting Mixed signals, so our Indian markets are likely to start with a “Flat” opening today.
The Sensex is at 80,004.06, down 105.79 points, while Nifty 50 is at 24,194.50, down 27.40 points.
The Nifty 50 is expected to be range-bound, trading between 24,000-24,500. The Sensex may be volatile, ranging from 79,500-80,500.
* NTPC Green Energy’s IPO shares are set to debut today, with a grey market premium indicating a flat listing, following a subscription rate of 2.4 times.
* Analysts recommend a long-term investment strategy, highlighting NTPC Green’s position as a leading player in India’s renewable energy sector, backed by NTPC’s resources.
* The proceeds from the Rs 10,000 crore IPO will fund renewable energy projects and debt repayment, with the company poised to capitalize on the growing demand for sustainable energy solutions.
* Enviro Infra Engineers IPO has been finalized with a remarkable subscription rate of 90x, indicating strong investor interest.
* The shares are expected to be listed on November 29, with a current grey market premium (GMP) of Rs 48, reflecting a 32% premium over the issue price.
* Apex Ecotech’s SME IPO opens today, aiming to raise Rs 25.54 crore by offering 34.99 lakh shares at a price band of Rs 71-73.
* The IPO will close on November 29, with allotment expected on December 2 and listing on December 4.
President-elect Trump’s proposed tariffs on Canada, Mexico, and China could significantly impact the U.S. energy and agricultural sectors, potentially increasing fuel and food costs.
* The U.S. heavily relies on imports from these countries, with Canada supplying over 4 million barrels of crude oil per day and significant amounts of natural gas and agricultural products.
Gold prices remained stable as investors awaited U.S. inflation data, which could indicate a potential Federal Reserve rate cut.
* U.S. consumer confidence rose to a 16-month high, reflecting optimism about the labor market and expectations for lower inflation.
