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HDB Financial Services debuted strongly on the NSE at 835, a 13% premium over its IPO price. Despite closing slightly higher at 840.25, analysts suggest current investors hold for the long term, while new investors await dips due to concerns about FY25 performance. The IPO, heavily subscribed and backed by HDFC Bank, marks a significant event in the NBFC sector.
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News and Media
Economists and researchers suggest gold's rally may be nearing its peak after a significant surge, fueled by geopolitical tensions and central bank buying. While a return to pre-Covid levels is unlikely, downside pressures are building, potentially leading to weaker prices. Long-term forecasts indicate an average price of $2,720/oz between 2025-2029.
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News and Media
Investor confidence is growing, as indicated by the advance-decline ratio for BSE-listed stocks remaining above one for the fourth consecutive month in June. This bullish momentum, coupled with a revival in the IPO market and broad-based buying, is expected to drive the markets to new peaks. Analysts predict Nifty could reach 26,400 initially and potentially 28,380 by December.
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News and Media
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