MapmyIndia's recent corporate action has raised concerns among minority shareholders, resulting in a stock price drop of over 10%. Despite this, the company's quarterly performance shows improved realisations, and medium-term prospects remain positive due to factors like protectionist measures in the tyre industry. The current CEO, Rohit Verma, is set to step down, prompting discussions about the implications for the business.
Toncoin (TON) has regained upward momentum, breaking above moving average lines and reaching a high of $7.20. The cryptocurrency is approaching its previous resistance level of $8.00, with a potential rally to $8.80 if it surpasses the current barrier. Technical indicators suggest a bullish trend, although recent price action shows some indecision among traders.
Analysts at SBI warn that under a potential Trump 2.0 administration, the Indian rupee may depreciate by 8-10%, with projections suggesting an average exchange rate of 87-92 against the dollar. This scenario poses significant challenges for Indian markets, particularly affecting companies like Godrej Properties and Bajaj Auto.
Agarwal Toughened Glass shares debuted on the NSE Emerge platform on December 5, listing at Rs 135, a 25% premium over the IPO price of Rs 108. The SME issue, which raised Rs 62.64 crore, saw nearly 10x subscription, opening on November 28 and closing on December 2. Despite expectations of a 30% premium, the shares listed at a more modest increase.
India aims to boost its MedTech market share from 1.6% to 10-12% over the next 25 years, with the sector projected to grow from USD 12 billion to USD 50 billion by 2030. This transformation is driven by a skilled workforce, competitive costs, and supportive government policies, positioning India as a future global leader and exporter in medical technology. Factors such as rising chronic diseases, an aging population, and increased healthcare access further catalyze this growth, alongside advancements in digital healthcare solutions and medical tourism.
Gold prices are expected to rise significantly in 2025, potentially reaching a record high, as the Federal Reserve is anticipated to cut rates and central banks increase their gold reserves. While the first quarter may see challenges due to a stronger US dollar, analysts suggest that a surge in Chinese demand or shifts in US fiscal policy could drive prices towards $3,000 an ounce.
HEG shares surged over 6% to reach a near six-year high of Rs 619 on December 5, following a block deal worth Rs 172 crore, where 28.8 lakh shares, representing a 6% stake, changed hands at an average price of Rs 600. This marks a remarkable 40% gain for the stock over the past week.
France’s Praemia REIM is exploring the possibility of launching a health-care real estate investment trust (REIT) in Singapore, potentially reviving the city's sluggish IPO market. The hospital assets included in the REIT are estimated to be valued between $2 billion and $3 billion, with plans to raise several hundred million dollars from the initial share sale.
Mt. Gox transferred 27,871 Bitcoin, valued at $2.8 billion, as the cryptocurrency reached $100,000. The exchange has extended its payout timeline for creditors to October 31, 2025, while retaining approximately 39,878 BTC worth $4.1 billion. Despite past market reactions to such movements, recent transfers have had minimal impact on Bitcoin prices.
India's benchmark indices, Sensex and Nifty, rose for the fifth consecutive day, boosted by a return of foreign institutional investors (FIIs) after two months of heavy selling. Sensex increased by 0.17% to 81,096 points, while Nifty gained 0.14% to 24,501 points, with both indices surging over 2.5% in the last five sessions.Sectorally, Nifty IT rose 0.8%, while Nifty Auto and FMCG gained 0.1%. Conversely, Nifty Pharma fell 0.5%, with Nifty Realty and Healthcare down 0.2% each. Global markets also strengthened following optimistic remarks from Federal Reserve Chair Jerome Powell about the US economy.
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