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₹1,865 to ₹1,960 per share.The Hyundai Motor India IPO achieved a 42% subscription on the second day of the subscription period, according to BSE data. Retail investors subscribed to 38% of the portion, while non-institutional investors reached 26%. The qualified institutional buyers (QIBs) portion saw a subscription of 58%.

Macquarie has a neutral rating on Bajaj Auto while Jefferies has a buy rating on KIE Industries. Macquarie has maintained its outperform rating on Zydus Life and Investec has retained a sell rating on L&T Technology.

The Nifty future closed negative with losses of 0.34% at 25032 levels on Wednesday.

foreign fund outflows and weak trends in global markets Stocks that were in focus include names like Bajaj Auto, which gained 0.9%, LTTS, which jumped 0.12%, and BSE, whose shares declined nearly 5% on Wednesday.

In a report published today (16 October), the trade body recommended transitioning to T+1 settlement by autumn 2026, a timeline it described as «achievable» despite the more complex market infrastructure compared to the US. However, it argued that although the 15-month timeline for a May 2024 implementation was considered «sufficient» for the US, some sectors in European markets may need a longer transition period than 24 months to prepare.  The political and regulatory timelines of both the UK and EU may make Autumn 2026 «challenging», the IA said, calling for regulatory bodies in th...

₹5,000 that make ideal gifts for your loved ones. From smartwatches to soundbars, we have got you covered. Here is your go-to guide for the top recommendations this season!This 25W RMS boAt soundbar offers immersive 2.0 channel surround sound with dual passive radiators for enhanced bass.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

banking, auto, and IT stocks. The BSE Sensex was trading 161 points, or 0.20%, lower at 81,659. The Nifty50 was down 33 points, or 0.13%, trading at 25,024 around 9:18 am.

mutual funds have topped the return chart and offered an average return of around 6.01% in the last one month. Around 65 international funds or global funds have completed one month of existence in the market. Among these 65 funds, nine offered double-digit returns. The top three funds were from the Chinese economy. Mirae Asset Hang Seng TECH ETF FoF gave the highest return of around 48.86% in the last one month, followed by Edelweiss Gr China Equity Off-Shore Fund which gave 23.61% return in the same time period. Axis Greater China Equity FoF gave 21.74% return in the last one month.

Reliance «This market movement aligns with expectations, and we recommend maintaining a cautious stance until Nifty decisively surpasses the 25,300 level. However, select sectors and themes are still presenting buying opportunities, so traders should focus on stock selection and adopt a balanced approach,» said Ajit Mishra – SVP, Research, Religare Broking.

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HCL Tech and RIL, while Jefferies has maintained its buy rating on HDFC Bank. HSBC also has a buy view on Maruti Suzuki, whereas Investec has retained its sell rating on HCL Tech. We have compiled a list of recommendations from top brokerage firms from ET Now and other sources:

₹1,865 to ₹1,960, with a minimum investment of ₹13,055 for a lot of 7 shares. The projected issue size stands at ₹27,870.16 crore, making it one of the largest IPOs of the year.

Pashupati Advani, Founder, Global Foray, says long-term, Avenue Supermarts is a good place to be in and a well-run company and the promoter and the CEO have done very well and have made fantastic things that are making it happen. It is unfortunate that temporary blips have meant that brokerage houses have lowered their weights, but it is just a matter of time before it does well again. Advani also says that Avenue Supermarts is making a large amount of net profit now from non-food items in the sense of making money on garments and underwears and socks and all the other things, kind of like Costco and Walmart in the US. The financialisation theme is not a short-term theme, it is not a matter of a few months or even a few years at that. Definitely a long-term theme for India. With respect to that and the fact that the NSE IPO is expected to be around the corner, which are the names from the financial ancillary setup that you would recommend? Pashupati Advani: Obviously, because the NSE IPO is coming, then CDSL and BSE obviously would be participating because the NSE IPO is coming currently at a higher PE than the BSE one. People would look at BSE as a cheaper alternative and go for a convergence to mean. The bank index is doing well, and is being pulled up by HDFC Bank, which is a very large part of it.

Department of Telecommunications (DoT) has decided to bring telemarketers under regulatory control and fix accountability, in a significant step as part of a concerted bid by authorities to curb pesky messages and calls. Initiating steps to implement its decision, DoT has sent a reference to the Telecom Regulatory Authority of India (Trai) seeking recommendations on the framework for regulating telemarketers through an authorisation mechanism, officials in the know told ET, asking not to be named.

6G services by Bharat 6G Alliance proposing that the 6GHz band be used by telcos has drawn protests from technology companies and broadband service providers. The report, yet to be released in public, has identified the 6GHz band because of its large contiguous bandwidth. «It supports enhanced coverage and capacity of urban and suburban environments, and its ability to balance mobility and data requirements make it a promising 6G candidate,» the report said. ET has seen a copy of the report. «The 6 GHz to 8.4 GHz spectrum is foreseen as „Golden Band“ of opportunity for 6G success in India. The entire frequency range should be studied for use by mobile operators,» the report notes.

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The Telegraph reported the cap was being considered as part of the government's economic plan in a bid to plug the £22bn public finance deficit. It said the lump-sum limit may be reduced by two thirds to £100,000 «after recommendations from think tanks». The Institute for Fiscal Studies recently recommended such a move. The change could affect well-paid public sector earners, however. Quilter NHS pension specialist Graham Crossley warned the government must «tread carefully». Think-tank IFS urges government to carry out 'serious' capital gains tax reform «A move like this could ...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

A 2021 analysis of China’s foreign interference operations intended to spark discussion among senior government figures did not make it to Prime Minister Justin Trudeau or cabinet ministers, the Hogue commission heard Monday.

realty firm Sobha dropped nearly 4% to Rs 1,675.3 in Tuesday's trade on the BSE following a 32% year-on-year (YoY) decline in total sales for the second quarter of FY25, amounting to Rs 1,178.5 crore. In comparison, the company reported total sales of Rs 1,723.8 crore in Q2 FY24. During this quarter, Sobha posted new area sales of 0.93 million square feet, generating sales worth Rs 1,179 crore at an average price realization of Rs 12,674 per square foot. This reflects a decline from 1.18 million square feet and sales of Rs 1,873 crore in Q1 FY25.