Kusumgar IPO Day 3: GMP soars 38%, Rs 650-crore issue attracts strong investor demand

Kusumgar’s Rs 650-crore initial public offering is nearing its closing day with robust investor participation. The stock currently commands a significant grey market premium, indicating strong investor sentiment. Non-Institutional Investors led the subscription, followed by retail and QIB segments. The company specializes in engineered synthetic fabrics for demanding industrial applications. Share allotment is expected on…

South Korea’s Kospi jumps 5%, exits bear market. What lies ahead for world’s best performing stock market of 2026?

South Korea’s Kospi index saw a significant jump on Friday, extending recent gains after a substantial crash. The benchmark index officially entered bear market territory earlier this week due to a sharp decline. Heavyweight semiconductor stocks experienced a notable crash, impacting investor sentiment and the overall market. Despite a recent rally, foreign investors remained net…