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Millworks Technologies’ SME IPO was subscribed over 63 times on the final day, driven by strong retail and NII demand, while its grey market premium surged to 125%. Robust financials, exposure to aerospace and defence, and positive listing expectations have made it one of the most closely watched SME offerings.
Mainland China stocks declined on Thursday due to technology sector weakness. Hong Kong equities gained momentum, supported by Alibaba’s artificial intelligence integration news. Alibaba shares jumped significantly after announcing its AI model would be integrated into Apple devices. This development boosted optimism around China’s domestic artificial intelligence ecosystem. Investors are also watching for economic policy…
Taiwan Semiconductor Manufacturing Company reported a record profit surge. This growth was fueled by strong demand for advanced artificial intelligence chips. The company’s net profit climbed significantly, exceeding market expectations. Analysts anticipate TSMC will raise its full-year revenue growth outlook. Future capital spending will indicate management’s confidence in AI demand durability.
ICICI Lombard shares fell sharply to hit a 52-week low on Thursday after its June-quarter earnings missed estimates, prompting brokerages to slash target prices and downgrade ratings. Analysts cited weak underwriting, higher claims, regulatory headwinds and slower premium growth, raising concerns over the near-term profitability outlook for the general insurer.
The real money in the AI build-out is being made where physical capacity can’t keep pace with capital, argues Subho Moulik, Founder & CEO at Appreciate. His test for investors: does a company own a constraint that money cannot quickly relieve? Software can be scaled in an afternoon, but a power transformer carries a 128-week…
The National Stock Exchange received approval to launch derivatives on the Nifty India FPI 150 Index. These new contracts will be available in the equity derivatives segment for trading. Three serial monthly index futures and index options contract cycles will be offered. The index tracks the top 150 stocks selected from Nifty 500. This initiative…
HSBC upgraded Indian equities to Neutral from Underweight on Thursday. Easing crude oil prices reduced earnings risks for Indian companies. Measures to stabilize the rupee drew back foreign investors into the market. The brokerage raised its 2026-end target for the BSE Sensex index. Foreign investors bought Indian shares worth $1.6 billion so far in July.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…