Jaro Education made a muted market debut, listing flat despite its IPO attracting massive demand across all investor segments, signaling valuation concerns. The leading edtech platform, known for its hybrid delivery and strong financials, faces scrutiny on sustaining growth and efficient IPO fund deployment amidst intense competition.
Domestic gold prices on the MCX surged to an all-time high on Tuesday, with December futures reaching Rs 1,17,351 per 10 grams. Silver held steady near Rs 1,43,900 per kg. Globally, gold breached $3,850 per ounce as investors sought safe-haven assets amid US government shutdown fears, expectations of rate cuts, and rising geopolitical tensions, driving bullish momentum in precious metals.
Sumit Bhatnagar of LIC Mutual Fund AMC asserts India's growth story remains intact despite FII selling, viewing current corrections as healthy entry points for long-term investors. He highlights the US Fed rate cut's potential to boost liquidity and FII inflows, while DIIs provide market resilience. Bhatnagar favors domestic growth sectors and sees gold as a strong hedge amid global uncertainties.
Manju Yagnik highlights India's growing real estate affordability challenge, with rising property prices making homes below Rs 1 crore scarce in Tier-1 cities. Despite this, the sector is projected for significant growth, driven by urbanization and strong residential sales, while sustainability and private equity inflows shape its future trajectory.
Shell CEO Wael Sawan says liquefied natural gas will be the company's main contribution. He believes LNG helps reduce global emissions. Sawan expects strong demand growth for the fuel by 2040. Shell plans new LNG projects worldwide. The company evaluates a second phase for its Canada facility. A final decision depends on market conditions.
North Korea and China's foreign ministers agreed to deepen bilateral ties and resist hegemonism, following a recent Kim-Xi summit and a joint appearance with Putin. Both nations expressed a desire to strengthen cooperation against unilateralism, likely targeting the US. This move comes as North Korea seeks to improve relations with its key benefactor, China, amidst global shifts.
Eight Arab and Muslim nations welcomed US President Donald Trump's proposals. The plan aims to end the Gaza conflict and prevent Palestinian displacement. It includes unrestricted aid, hostage release, and Israeli withdrawal from Gaza. The nations stressed a two-state framework for regional stability. The White House released the peace plan after a meeting with the Israeli Prime Minister.
Gold prices reached a record high. A potential US government shutdown created uncertainty for Federal Reserve policy. This situation increased investor demand for safe assets. Gold gained this year. Central bank purchases and expected interest rate cuts support the rise. Gold producers also changed leaders. The market expects the rally to continue.
