Kaynes Technology India shares saw a rebound on Thursday after a sharp decline. Analysts at Nomura and Morgan Stanley maintain positive ratings, citing potential for growth and improved disclosures. The company faced scrutiny over accounting practices in its smart meters segment. Despite past challenges, future catalysts include working capital improvements and new business lines.
British insurer Prudential offloaded a 4.5% stake in ICICI Prudential Asset Management for approximately $545 million ahead of its $1.2 billion IPO. Major investors, including Abu Dhabi Investment Authority and family offices, along with ICICI Bank, acquired these shares. The fund house's IPO will see Prudential selling a 10% stake, with proceeds slated for shareholders.
India's capital markets are poised for a strong 2026, with IPO momentum expected to continue and an estimated $20 billion in fundraising. Robust domestic liquidity, rising retail participation, and improving governance are driving primary market strength. Marquee companies are expected to list, solidifying India's position as a vibrant IPO destination.
In the NSE list of stocks with a market cap over Rs 1000 crore, 11 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 10, 2025, according to stockedge.com's technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Oil prices climbed for a second day as the U.S. seized a sanctioned tanker off Venezuela, heightening supply disruption fears. Reports of Ukraine striking a Russian oil vessel also provided support. These events are expected to keep crude prices elevated, with traders noting Asian buyers seeking discounts on Venezuelan oil due to sanctions and increased risks.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns. These changes aim to boost pension fund popularity by offering wider options to savers, with the private sector overseeing 15.78 trillion in assets.
Silver prices surged by 11,500 to a fresh peak of 1,92,000 per kilogram in New Delhi, marking the steepest single-day rise in nearly two months. This surge was driven by robust domestic demand and global cues, with silver prices adding over 114% year-to-date.
