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Tata Motors' shares experienced a surge, driven by optimism surrounding potential global trade deals that could lower automobile export tariffs. The US-Japan agreement, reducing tariffs on Japanese car exports, fueled speculation of similar pacts with the EU.
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News and Media
GNG Electronics IPO saw strong demand, subscribed 15.11 times by Day 2. Retail and NII participation was robust, and GMP indicates a 42% listing premium. The company, Indias top refurbisher, posted strong growth with a 46% revenue CAGR. Brokerages recommend subscribing, citing scale, market leadership, and formalisation trends.
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Shares of Reliance Infrastructure and Reliance Power declined after the Enforcement Directorate (ED) conducted searches at premises linked to Anil Ambani. The investigation revolves around an alleged Rs 3,000 crore loan fraud involving Yes Bank, with the ED suspecting money laundering and diversion of funds to shell companies.
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News and Media
Ed Yardeni suggests the stock market is optimistic about the US economy's resilience despite tariff-related uncertainty. He anticipates a potential 15% base tariff with the EU, impacting American businesses and consumers. While the US remains a favored investment, the rise of autonomous vehicles poses long-term challenges for the global auto sector, potentially reducing the need for individual car ownership.
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News and Media
Indian Energy Exchange (IEX) shares plummeted 28% following CERC's approval of market coupling, set to begin with the Day-Ahead Market in January 2026. This move, aimed at unifying price discovery, has sparked investor concerns about IEX's competitive edge and revenue model.
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News and Media
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