Indian benchmark indices ended marginally higher on June 24 in a volatile trading session that was dominated by sharp intra-day swings and conflicting geopolitical cues. Both the Sensex and Nifty saw dramatic reversals after coming close to 2025 highs in early trade, only to retreat as fresh hostilities flared between Iran and Israel. The BSE Sensex closed 158 points higher at 82,055, while the NSE Nifty 50 rose 72 points to settle above the 25,000-mark at 25,044.&nbsp;&nbsp;However, both indices gave up significant portions of their early gains. The Sensex had surged over 1,122 points to hit 83,018, while the Nifty climbed 346 points to reach 25,317, buoyed by global optimism following the announcement of a ceasefire by US President Donald Trump.&nbsp;<h2>Geopolitical reversal stalls rally</h2>&nbsp;The early rally mirrored strength in global markets, falling crude prices, and improved risk sentiment after Trump brokered a temporary ceasefire between Iran and Israel. Oil prices sank to a two-week low, with Brent crude falling to $69 a barrel—a major piece of good news for oil-import-dependent India. Domestic airline and paint stocks like IndiGo and Asian Paints rose, while OMCs like BPCL and HPCL also gained.&nbsp;However, optimism faded swiftly after reports emerged that Iran had launched fresh missile strikes on Israel, violating the ceasefire. Israel responded with a threat of “high-intensity strikes” on Tehran. The market reacted sharply—the Sensex plunged more than 1,100 points from the day’s peak, while the Nifty fell over 270 points from its intra-day high. Adding to the volatility was the weekly derivatives expiry, further intensifying intraday fluctuations.&nbsp;<h2>Sectoral moves, broader market strength</h2>&nbsp;Despite the volatility, broader market indices outperformed. The Nifty Midcap index gained 416 points to close at 58,822, while the Nifty Smallcap also posted gains. On the sectoral front, except Oil &amp; Gas and Media, all other indices ended in the green.&nbsp;Nifty PSU Bank emerged as the top gainer, driven by strong performances from Canara Bank, Union Bank, Indian Overseas Bank, and UCO Bank. Other sectoral indices, including Nifty Metal, Auto, FMCG, Pharma, Realty, and Consumer Durables, rose up to 1 per cent.&nbsp;Among individual stocks, Adani Ports, Tata Steel, UltraTech Cement, Kotak Mahindra Bank, and Titan led the gains on the Sensex. On the flip side, Power Grid, Trent, NTPC, HCL Tech, and Maruti were among the top laggards. Defence stocks, including BEL and Garden Reach Shipbuilders, witnessed profit-booking and fell sharply after outperforming in the past few sessions.&nbsp;Meanwhile, the rupee posted its best session in a month, rising 75 paise to 86.03 (provisional) against the dollar, supported by lower crude prices and improved global sentiment.&nbsp;Analysts caution that geopolitical tensions and global uncertainty could continue to influence market sentiment. While the ceasefire had briefly revived risk appetite, its fragile nature and broader macro concerns, including US trade policy and upcoming Q1 earnings, are likely to keep traders on edge.

The BSE Sensex closed 158 points higher at 82,055, while the NSE Nifty 50 rose 72 points to settle above the 25,000-mark at 25,044. 

Indian benchmark indices ended marginally higher on June 24 in a volatile trading session that was dominated by sharp intra-day swings and conflicting geopolitical cues. Both the Sensex and Nifty saw dramatic reversals after coming close to 2025 highs in early trade, only to retreat as fresh hostilities flared between Iran and Israel. The BSE Sensex closed 158 points higher at 82,055, while the NSE Nifty 50 rose 72 points to settle above the 25,000-mark at 25,044. However, both indices gave up significant portions of their early gains. The Sensex had surged over 1,122 points to hit 83,018, while the Nifty climbed 346 points to reach 25,317, buoyed by global optimism following the announcement of a ceasefire by US President Donald Trump. Geopolitical reversal stalls rally The early rally mirrored strength in global markets, falling crude prices, and improved risk sentiment after Trump brokered a temporary ceasefire between Iran and Israel. Oil prices sank to a two-week low, with Brent crude falling to $69 a barrel—a major piece of good news for oil-import-dependent India. Domestic airline and paint stocks like IndiGo and Asian Paints rose, while OMCs like BPCL and HPCL also gained. However, optimism faded swiftly after reports emerged that Iran had launched fresh missile strikes on Israel, violating the ceasefire. Israel responded with a threat of “high-intensity strikes” on Tehran. The market reacted sharply—the Sensex plunged more than 1,100 points from the day’s peak, while the Nifty fell over 270 points from its intra-day high. Adding to the volatility was the weekly derivatives expiry, further intensifying intraday fluctuations. Sectoral moves, broader market strength Despite the volatility, broader market indices outperformed. The Nifty Midcap index gained 416 points to close at 58,822, while the Nifty Smallcap also posted gains. On the sectoral front, except Oil & Gas and Media, all other indices ended in the green. Nifty PSU Bank emerged as the top gainer, driven by strong performances from Canara Bank, Union Bank, Indian Overseas Bank, and UCO Bank. Other sectoral indices, including Nifty Metal, Auto, FMCG, Pharma, Realty, and Consumer Durables, rose up to 1 per cent. Among individual stocks, Adani Ports, Tata Steel, UltraTech Cement, Kotak Mahindra Bank, and Titan led the gains on the Sensex. On the flip side, Power Grid, Trent, NTPC, HCL Tech, and Maruti were among the top laggards. Defence stocks, including BEL and Garden Reach Shipbuilders, witnessed profit-booking and fell sharply after outperforming in the past few sessions. Meanwhile, the rupee posted its best session in a month, rising 75 paise to 86.03 (provisional) against the dollar, supported by lower crude prices and improved global sentiment. Analysts caution that geopolitical tensions and global uncertainty could continue to influence market sentiment. While the ceasefire had briefly revived risk appetite, its fragile nature and broader macro concerns, including US trade policy and upcoming Q1 earnings, are likely to keep traders on edge.

The BSE Sensex closed 158 points higher at 82,055, while the NSE Nifty 50 rose 72 points to settle above the 25,000-mark at 25,044.

Markets close higher but trim sharp early gains amid Iran-Israel tensions

Indian capital markets logged their best single-day gains in over four years on May 12, driven by the announcement of a ceasefire agreement between India and Pakistan and favourable global cues. The easing of trade tensions between the US and China, following fresh tariff decisions, lifted investor sentiment across the board.
The United States and China jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India&rsquo;s benchmark indices, Nifty50 and the Sensex, which closed at 24,924.70 and 82,429.90, respectively.
The prime mover of the rally will be the foreign institutional investors (FII) who have been buying Indian equities for sixteen continuous days, except on May 09, when the India-Pakistan tensions escalated. All sectoral indices ended in the green.
While India&rsquo;s volatility gauge plunged during Monday&rsquo;s intraday session. India VIX measures the market's expectation of future volatility based on the Nifty50 index options contracts. India VIX fell as much as 20.46 per cent to 17.79, the lowest level since the end of April, according to Bloomberg data.
Shares of information technology (IT) companies were in focus as the Nifty IT index registered a surge of 6.7 per cent, thus recording its sharpest intraday rally in over five years.
The sharp up move in IT stocks was triggered after the US decided to reduce tariffs on China to 30 per cent from 145 per cent for 90 days. Earlier, on April 7, 2020, the Nifty IT index soared 8.3 per cent in intraday trade.
In the past one month, the Nifty IT index outperformed the market by surging 15 per cent, as compared to a 6.7 per cent rise in the Nifty 50. However, thus far in the current calendar year 2025, the IT index has slipped 12 per cent due to concerns over the recession in the US and the tariff war.
Among sectoral indices, the Nifty Realty (up 5.93 per cent), followed by Metal (up 5.86 per cent) and IT indices, were the top gainers, while only the Pharma index (down 0.07 per cent) was trading in the red.
<h2 dir="ltr">Pakistan&rsquo;s stock market</h2>
The Karachi Stock Exchange 100 (KSE 100), the benchmark index of the Pakistan stock market, surged over 9 per cent on May 12, sparking a one-hour trading halt.
Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, a Reuters report stated.
According to data available on Bloomberg, the KSE 100 index jumped 9,751 points to 117,230. This comes after strong gains of nearly 4 per cent were seen in the May 09 trading session. With today's gains, the Pakistan benchmark index has again turned positive on a year-to-date basis.
&nbsp;

Business & Economy: The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India’s benchmark indices, Nifty50 and Sensex.

Indian capital markets logged their best single-day gains in over four years on May 12, driven by the announcement of a ceasefire agreement between India and Pakistan and favourable global cues. The easing of trade tensions between the US and China, following fresh tariff decisions, lifted investor sentiment across the board. The United States and China jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. The ceasefire between India and Pakistan has paved the way for a sharp rally of nearly 4 per cent in India’s benchmark indices, Nifty50 and the Sensex, which closed at 24,924.70 and 82,429.90, respectively. The prime mover of the rally will be the foreign institutional investors (FII) who have been buying Indian equities for sixteen continuous days, except on May 09, when the India-Pakistan tensions escalated. All sectoral indices ended in the green. While India’s volatility gauge plunged during Monday’s intraday session. India VIX measures the market's expectation of future volatility based on the Nifty50 index options contracts. India VIX fell as much as 20.46 per cent to 17.79, the lowest level since the end of April, according to Bloomberg data. Shares of information technology (IT) companies were in focus as the Nifty IT index registered a surge of 6.7 per cent, thus recording its sharpest intraday rally in over five years. The sharp up move in IT stocks was triggered after the US decided to reduce tariffs on China to 30 per cent from 145 per cent for 90 days. Earlier, on April 7, 2020, the Nifty IT index soared 8.3 per cent in intraday trade. In the past one month, the Nifty IT index outperformed the market by surging 15 per cent, as compared to a 6.7 per cent rise in the Nifty 50. However, thus far in the current calendar year 2025, the IT index has slipped 12 per cent due to concerns over the recession in the US and the tariff war. Among sectoral indices, the Nifty Realty (up 5.93 per cent), followed by Metal (up 5.86 per cent) and IT indices, were the top gainers, while only the Pharma index (down 0.07 per cent) was trading in the red. Pakistan’s stock market The Karachi Stock Exchange 100 (KSE 100), the benchmark index of the Pakistan stock market, surged over 9 per cent on May 12, sparking a one-hour trading halt. Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, a Reuters report stated. According to data available on Bloomberg, the KSE 100 index jumped 9,751 points to 117,230. This comes after strong gains of nearly 4 per cent were seen in the May 09 trading session. With today's gains, the Pakistan benchmark index has again turned positive on a year-to-date basis.

Stock markets rally amid India-Pakistan truce

Foreign investors pulled out a massive Rs 94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks according to a report detailed by the Press Trust of India.

Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024, the PTI report elaborated further.

According to data from the depositories, FPIs have consistently bought equities since June after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024 except for January, April and May. 

US elections, movement in interest rates, China stimulus to set the tone for FII flows <o:p></o:p>

Looking ahead, the trajectory of global events like geopolitical developments, interest rate movements, progress in the Chinese economy and the outcome of the US Presidential election will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said. 

On the domestic front, key indicators like inflation trajectory, corporate earnings, and the impact of festive season demand will also be closely watched by FPIs as they assess opportunities in the Indian market, Srivastava added.

According to the data, FPIs recorded a net outflow of Rs 94,017 crore in October. The intensity of net outflows could be understood from the fact that except for one day FPIs were net sellers throughout the month bringing their total investment for 2024 down to Rs 6,593 crore. This resulted in about an 8 per cent decline in benchmark indices from their peaks. Several factors contributed towards this massive withdrawal of foreign capital from the Indian equity markets in October. 

The major among them is the elevated valuations of Indian equities. This has triggered a shift in investments towards China, where valuations are currently more attractive. Additionally, a series of stimulus measures, aimed at bolstering Chinese economic growth has made Chinese equities increasingly appealing to global investors, Srivastava said.

Despite the massive FPI selling in financials, this sector is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high net worth individuals (HNIs), VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. 

In addition, FPIs pulled out Rs 4,406 crore from the debt general limit and invested Rs 100 crore from the debt Voluntary Retention Route (VRR) during the period under review.&nbsp; So far this year, FPIs invested Rs 1.06 lakh crore in the debt market.

Foreign investors pulled out a massive Rs 94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks according to a report detailed by the Press Trust of India.

Foreign investors pulled out a massive Rs 94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks according to a report detailed by the Press Trust of India. Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024, the PTI report elaborated further. According to data from the depositories, FPIs have consistently bought equities since June after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024 except for January, April and May. US elections, movement in interest rates, China stimulus to set the tone for FII flows Looking ahead, the trajectory of global events like geopolitical developments, interest rate movements, progress in the Chinese economy and the outcome of the US Presidential election will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said. On the domestic front, key indicators like inflation trajectory, corporate earnings, and the impact of festive season demand will also be closely watched by FPIs as they assess opportunities in the Indian market, Srivastava added. According to the data, FPIs recorded a net outflow of Rs 94,017 crore in October. The intensity of net outflows could be understood from the fact that except for one day FPIs were net sellers throughout the month bringing their total investment for 2024 down to Rs 6,593 crore. This resulted in about an 8 per cent decline in benchmark indices from their peaks. Several factors contributed towards this massive withdrawal of foreign capital from the Indian equity markets in October. The major among them is the elevated valuations of Indian equities. This has triggered a shift in investments towards China, where valuations are currently more attractive. Additionally, a series of stimulus measures, aimed at bolstering Chinese economic growth has made Chinese equities increasingly appealing to global investors, Srivastava said. Despite the massive FPI selling in financials, this sector is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high net worth individuals (HNIs), VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. In addition, FPIs pulled out Rs 4,406 crore from the debt general limit and invested Rs 100 crore from the debt Voluntary Retention Route (VRR) during the period under review. So far this year, FPIs invested Rs 1.06 lakh crore in the debt market.

FPIs pull out record Rs 94,000 crore from equities in October on attractive China valuation

India is shaping up to be a destination for investors seeking, relative shelter from financial volatility linked to the US election according to a detailed report by Bloomberg.

A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust domestic liquidity, the Bloomberg report detailed further. Further, India’s appeal is driven by a blend of structural factors: stable political ties with both the US and Russia, capital controls that curb hot money flows, and a currency that’s less impacted by big dollar moves than emerging market peers.

India’s divergence from global markets was evident last week when its sovereign bonds remained relatively steady despite a global selloff in US Treasuries. The nation has become a key emerging market bet for abrdn plc., particularly ahead of the US presidential election on Nov. 5, as hedge funds brace for a pickup in global volatility.

“India’s local bond market is relatively insulated from the volatility of global markets, remaining peaceful amidst the storm,” said Edward Ng, a bond fund manager at Nikko Asset Management Co. “Given the market’s low volatility, we remain comfortable staying invested in Indian bonds,” which may outperform in a strong-dollar environment, he said.

Currency is a key pillar of India’s resilience<o:p></o:p>

A key pillar of India’s resilience is its currency once one of Asia’s most volatile. For much of 2024, the rupee has been stuck between 82.8 and 84.1 per dollar due to the Reserve Bank of India’s interventions. Data compiled by Bloomberg show that the currency has only shaved 1 percentage point off the returns on Indian bonds this year, less than half the rate of currency-related losses on emerging market local-currency bonds overall.<o:p></o:p>

The rupee offers “minimal” volatility, Edwin Gutierrez, head of EM sovereign debt at Abrdn investments, said in an interview. “In this world of uncertainty, it ain’t a bad place to be.”

To be sure, India isn’t a hotspot for global equity investors right now. Signs of a slowdown in the country’s robust economic growth and a rebound in Chinese stocks have led to outflows of $8.8 billion from local shares in October, set for a record. While domestic investors’ purchases have evened out foreign outflows, the stock market is still on track for its worst month since March 2020.

The selloff hasn’t led to dramatic swings in the market. The 60-day historical volatility for the benchmark NSE Nifty 50 Index stands at 13.2 per cent, 1.95 percentage points lower than the S&amp;P 500 Index, indicating relative stability in comparison. UBS Global Wealth Management suggests the selloff is a buying opportunity as the soft patch in India’s growth and earnings appears transitory. The view followed Goldman Sachs Group Inc. tactically lowering local shares to neutral from overweight last week.<o:p></o:p>

India isn’t the only emerging economy offering a low correlation to global sentiment. Amundi SA and William Blair &amp; Company, LLC have said they favor frontier markets such as Nigeria and Kazakhstan, as potential buffers against US election-driven turmoil.

Yet these alternatives lack the liquidity and depth of India’s $1.3 trillion sovereign debt market and $5 trillion of stocks. The country is also expected to lure more offshore funds as part of its inclusion in JPMorgan’s bond index. BlackRock Inc. and Amundi SA have launched ETFs to ride that wave. India is due to join Bloomberg’s EM gauges in January.

“India local still screens fairly attractively to us,” compared with other assets globally like dollar-denominated debt, said Leonard Kwan, portfolio manager of T. Rowe Price Group Inc.’s dynamic EM bond strategy. “We’re overweight rather than in line with the benchmark” on India. Market participants and global investors are going to follow these developments carefully and make informed investment decisions with regard to India as an investment destination.

<o:p>&nbsp;</o:p>

India is shaping up to be a destination for investors seeking, relative shelter from financial volatility linked to the US election according to a detailed report by Bloomberg.

India is shaping up to be a destination for investors seeking, relative shelter from financial volatility linked to the US election according to a detailed report by Bloomberg. A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust domestic liquidity, the Bloomberg report detailed further. Further, India’s appeal is driven by a blend of structural factors: stable political ties with both the US and Russia, capital controls that curb hot money flows, and a currency that’s less impacted by big dollar moves than emerging market peers. India’s divergence from global markets was evident last week when its sovereign bonds remained relatively steady despite a global selloff in US Treasuries. The nation has become a key emerging market bet for abrdn plc., particularly ahead of the US presidential election on Nov. 5, as hedge funds brace for a pickup in global volatility. “India’s local bond market is relatively insulated from the volatility of global markets, remaining peaceful amidst the storm,” said Edward Ng, a bond fund manager at Nikko Asset Management Co. “Given the market’s low volatility, we remain comfortable staying invested in Indian bonds,” which may outperform in a strong-dollar environment, he said. Currency is a key pillar of India’s resilience A key pillar of India’s resilience is its currency once one of Asia’s most volatile. For much of 2024, the rupee has been stuck between 82.8 and 84.1 per dollar due to the Reserve Bank of India’s interventions. Data compiled by Bloomberg show that the currency has only shaved 1 percentage point off the returns on Indian bonds this year, less than half the rate of currency-related losses on emerging market local-currency bonds overall. The rupee offers “minimal” volatility, Edwin Gutierrez, head of EM sovereign debt at Abrdn investments, said in an interview. “In this world of uncertainty, it ain’t a bad place to be.” To be sure, India isn’t a hotspot for global equity investors right now. Signs of a slowdown in the country’s robust economic growth and a rebound in Chinese stocks have led to outflows of $8.8 billion from local shares in October, set for a record. While domestic investors’ purchases have evened out foreign outflows, the stock market is still on track for its worst month since March 2020. The selloff hasn’t led to dramatic swings in the market. The 60-day historical volatility for the benchmark NSE Nifty 50 Index stands at 13.2 per cent, 1.95 percentage points lower than the S&P 500 Index, indicating relative stability in comparison. UBS Global Wealth Management suggests the selloff is a buying opportunity as the soft patch in India’s growth and earnings appears transitory. The view followed Goldman Sachs Group Inc. tactically lowering local shares to neutral from overweight last week. India isn’t the only emerging economy offering a low correlation to global sentiment. Amundi SA and William Blair & Company, LLC have said they favor frontier markets such as Nigeria and Kazakhstan, as potential buffers against US election-driven turmoil. Yet these alternatives lack the liquidity and depth of India’s $1.3 trillion sovereign debt market and $5 trillion of stocks. The country is also expected to lure more offshore funds as part of its inclusion in JPMorgan’s bond index. BlackRock Inc. and Amundi SA have launched ETFs to ride that wave. India is due to join Bloomberg’s EM gauges in January. “India local still screens fairly attractively to us,” compared with other assets globally like dollar-denominated debt, said Leonard Kwan, portfolio manager of T. Rowe Price Group Inc.’s dynamic EM bond strategy. “We’re overweight rather than in line with the benchmark” on India. Market participants and global investors are going to follow these developments carefully and make informed investment decisions with regard to India as an investment destination.

Global investors turn to India amid rising financial market uncertainty

Shares of Bajaj Housing Finance are poised to make their debut on Dalal Street today, September 16. The initial public offering (IPO), which garnered historic interest from investors during its three-day bidding process, has sparked significant discussion regarding its potential to deliver multibagger returns. However, recent fluctuations in its grey market premium (GMP) have raised questions about its initial listing.

Grey market premium remains strong ahead of listing<o:p></o:p>

The shares were initially commanding a GMP of Rs 73-75 per share, indicating a potential listing gain of 104-105 per cent for investors. This premium had dipped from a previous high of Rs 84 per share, reflecting the volatility and changing investor sentiments as the listing date approached.

Bajaj Housing Finance's IPO opened for bidding from September 9 to 11, offering shares within a price range of Rs 66-70 each and a lot size of 214 shares. The company successfully raised an impressive Rs 6,560 crore through this primary offering, which included a fresh share sale of Rs 3,560 crore and an offer-for-sale (OFS) amounting to Rs 3,000 crore from Bajaj Finance.

Issue witnessed overwhelming interest for investors<o:p></o:p>

During its bidding process, the issue received overwhelming support, being oversubscribed 63.61 times overall. Qualified institutional buyers (QIBs) particularly showed a strong response, with their quota being subscribed an extraordinary 209.36 times. The non-institutional and retail investor categories also saw substantial interest, with subscriptions of 41.51 times and 7.04 times respectively.

Notably, Bajaj Housing Finance secured its position as the first Indian IPO to attract bids worth an astounding Rs 3 lakh crore, with total bids hitting around Rs 3.24 lakh crore for the offered shares. This reflects significant investor confidence in the company amidst the competitive landscape of the housing finance sector.

History of Bajaj Housing Finance and Future Potential<o:p></o:p>

Incorporated in 2008, Bajaj Housing Finance has built a reputation as a non-deposit-taking housing finance company (HFC) under the aegis of the National Housing Bank (NHB). The company has been operative in providing mortgage loans since the financial year 2018 and is part of the well-established Bajaj Group, known for its diversified interests across various sectors.

While brokerages remain mostly positive about the IPO, suggesting that investors consider long-term investments based on the company’s solid foundation, a key concern persists. Analysts caution that asset concentration and exposure to real estate could pose risks to investors in the long run. Hence, aspiring investors are suggested to consult SEBI-registered investment professionals before making investment decisions in security markets. Investments in security markets come along with risks of capital depreciation.&nbsp;

The offering was managed by notable book-running lead managers, including BofA Securities India, Axis Capital, and Goldman Sachs (India) Securities, among others. As Bajaj Housing Finance's shares are set to begin trading on both BSE and NSE, investors and market followers alike will be keenly observing how this much-anticipated listing unfolds.&nbsp;

&nbsp;

Shares of Bajaj Housing Finance are poised to make their debut on Dalal Street today, September 16. The initial public offering (IPO), which garnered historic interest from investors during its three-day bidding process, has sparked significant discussion regarding its potential to deliver multibagger returns.

Shares of Bajaj Housing Finance are poised to make their debut on Dalal Street today, September 16. The initial public offering (IPO), which garnered historic interest from investors during its three-day bidding process, has sparked significant discussion regarding its potential to deliver multibagger returns. However, recent fluctuations in its grey market premium (GMP) have raised questions about its initial listing. Grey market premium remains strong ahead of listing The shares were initially commanding a GMP of Rs 73-75 per share, indicating a potential listing gain of 104-105 per cent for investors. This premium had dipped from a previous high of Rs 84 per share, reflecting the volatility and changing investor sentiments as the listing date approached. Bajaj Housing Finance's IPO opened for bidding from September 9 to 11, offering shares within a price range of Rs 66-70 each and a lot size of 214 shares. The company successfully raised an impressive Rs 6,560 crore through this primary offering, which included a fresh share sale of Rs 3,560 crore and an offer-for-sale (OFS) amounting to Rs 3,000 crore from Bajaj Finance. Issue witnessed overwhelming interest for investors During its bidding process, the issue received overwhelming support, being oversubscribed 63.61 times overall. Qualified institutional buyers (QIBs) particularly showed a strong response, with their quota being subscribed an extraordinary 209.36 times. The non-institutional and retail investor categories also saw substantial interest, with subscriptions of 41.51 times and 7.04 times respectively. Notably, Bajaj Housing Finance secured its position as the first Indian IPO to attract bids worth an astounding Rs 3 lakh crore, with total bids hitting around Rs 3.24 lakh crore for the offered shares. This reflects significant investor confidence in the company amidst the competitive landscape of the housing finance sector. History of Bajaj Housing Finance and Future Potential Incorporated in 2008, Bajaj Housing Finance has built a reputation as a non-deposit-taking housing finance company (HFC) under the aegis of the National Housing Bank (NHB). The company has been operative in providing mortgage loans since the financial year 2018 and is part of the well-established Bajaj Group, known for its diversified interests across various sectors. While brokerages remain mostly positive about the IPO, suggesting that investors consider long-term investments based on the company’s solid foundation, a key concern persists. Analysts caution that asset concentration and exposure to real estate could pose risks to investors in the long run. Hence, aspiring investors are suggested to consult SEBI-registered investment professionals before making investment decisions in security markets. Investments in security markets come along with risks of capital depreciation. The offering was managed by notable book-running lead managers, including BofA Securities India, Axis Capital, and Goldman Sachs (India) Securities, among others. As Bajaj Housing Finance's shares are set to begin trading on both BSE and NSE, investors and market followers alike will be keenly observing how this much-anticipated listing unfolds.

Bajaj Housing Finance IPO expected to have a strong listing on Dalal Street

Indian stock markets are in a record-high territory. Nifty 50 crossed the 20,000 mark. But what does that mean going forward? Is the Indian stock market in a bubble, or can it rally beyond the psychological number of 20,000

What next for Nifty50 after hitting 20,000?

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