The market capitalisation of BSE-listed companies fell below Rs 450 lakh crore for the first time since April as Sensex and Nifty extended losses for a fourth straight session. Nearly Rs 25 lakh crore has been wiped out this week, with soaring crude prices and rising bond yields weighing on sentiment.
MCX silver prices fell below Rs 2 lakh per kg after a sharp two-day decline, as a stronger dollar, elevated bond yields and hawkish US Federal Reserve expectations weighed on sentiment. Fresh import permits and industrial demand remain key factors for the outlook.
Anthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. With a possible $1.5 trillion valuation, its listing could test investor appetite as several AI infrastructure companies postpone or shelve offerings.
Bank Indonesia has defended its latest policy package combining an unchanged benchmark rate, a higher deposit facility rate and reserve requirement cuts. The central bank says the measures aim to improve monetary policy transmission, boost banking liquidity and support credit growth.
Jio Platforms has received over 1 crore applications, setting a global record for investor participation ahead of its October 23 closing. The Rs 30,213-crore issue was subscribed 7.49 times by 12:36 pm on Friday, led by strong demand from qualified institutional buyers and non-institutional investors.
The IPO market is grappling with hurdles stemming from macroeconomic instability and fluctuating market conditions that are influencing corporate strategies. Numerous firms have either delayed or abandoned their public listing intentions lately. Nevertheless, Nasdaq maintains a sturdy and vibrant pipeline for future listings, even as analysts caution that a revival in IPO activity likely won't materialize until 2026 without a surge in investor interest.
Tata Teleservices (Maharashtra) shares plunged on Friday, giving up some gains after rallying 19% in the previous session following its Q2 results. The stock fell to Rs 34.24 on the NSE. The company reported a net loss of Rs 59 crore in Q2 FY27, narrowing from Rs 321 crore a year earlier and Rs 72 crore in the previous quarter. Despite the improvement, the stock has declined over 30% in 2026 so far and 59% in three years.
Smallcap and midcap stocks plunged up to 4% on Friday, extending a sharp weekly selloff as analysts warned that valuations remain difficult to justify. The Nifty Smallcap 250 index has fallen around 8% this week, while the Nifty Midcap 100 is down 6%, despite a resilient earnings growth outlook.
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