Sensex, Nifty set to reverse 3-day declining trend

by Hansraj Agrawal | Dec 3, 2025 | Business

Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week
| Photo Credit:
gorodenkoff

GIFT Nifty futures were trading at 26,196 as of 07:52 a.m. IST, indicating that the Nifty 50 will open above Tuesday’s close of 26,032.2.

Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week, boosted by improving earnings, stable growth and supportive fiscal and monetary policies.

Domestic investors remained buyers at record levels, but foreign investors offloaded Indian shares for four consecutive sessions, with outflows worth ₹3,642 crore ($405.3 million) on Tuesday, pressuring the rupee, which weakened to a record low of 90 per US dollar.

Investors are awaiting the RBI’s policy decision on Friday, amid expectations that robust economic growth might prompt the central bank to keep interest rates steady.

“A rate cut, if delivered, could unlock an incremental 2%-3% upside for Indian equities,” said Ponmudi R, chief executive of Enrich Money.

Other Asian markets opened higher on the day, tracking an overnight rebound on Wall Street as a brief sell-off in global bond markets abated.

Asian markets were subdued in the last two sessions as expectations of a looming rate hike in Japan triggered a global bond sell-off, leaving stocks caught in the rush from risk assets.

Among individual stocks, Meesho will be in focus ahead of its initial public offering (IPO), which begins on the day. The SoftBank-backed e-commerce firm is seeking a valuation of up to $5.6 billion through its IPO.

STOCKS TO WATCH

** Bansal Wire Industries receives show cause notice for tax and penalty worth ₹203 crore

** Sun Pharmaceuticals’ unit approves proposal to invest ₹3,000 crore to set up a greenfield formulations manufacturing facility in Madhya Pradesh

** Hindustan Copper signs a deal with NTPC Mining for joint investments in critical minerals, mining and mineral processing

Published on December 3, 2025

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इन कामों के लिए कभी न लें पर्सनल लोन, वरना बिगड़ सकती है आपकी फाइनेंशियल हेल्थ

by Hansraj Agrawal | Dec 3, 2025 | Business

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Personal Loan Mistakes: लोगों की बदलती आर्थिक जरूरतों के कारण आज पर्सनल लोन लेने का प्रचलन काफी तेजी से बढ़ रहा है. मिनिमम डॉक्यूमेंट्स, बिना कुछ गिरवी रखे बस कुछ ही मिनटों में पैसे आपके अकाउंट में ट्रांसफर हो जाते हैं.

पर्सनल लोन बहुत आसानी से मिल जाता है. यहीं कारण है कि, बहुत से लोग समझदारी से पर्सनल लोन लेने का चुनाव नहीं करते हैं. बिना किसी ठोस वजह या जरूरत के लिए, लिया गया पर्सनल लोन आपकी आर्थिक स्थिति को बिगाड़ सकता हैं. आइए जानते हैं, किन कामों के लिए पर्सनल लोन लेना आपकी फाइनेंशियल हेल्थ को खराब कर सकता हैं….

1. ट्रैवल या लग्जरी छुट्टियों के लिए

घूमना और नई जगहों पर जाना हर लिहाज से बहुत सही माना जाता है. इसके कई लाभ भी मिलते हैं, पर पर्सनल लोन लेकर लग्जरी छुट्टियों पर जाना आपकी आर्थिक स्थिति को बिगाड़ सकता हैं. छुट्टियां तो खत्म हो जाती है पर लोन की ईएमआई लंबे समय तक चलती रहती है. ट्रैवल के लिए सेविंग करना एक सेफ विकल्प है.

2. शादी और दूसरे बड़े आयोजन के लिए

भारतीय शादियों में लोग जमकर खर्च करते हैं. सोशल मीडिया के दौर में बहुत से लोग एक बड़ी और आलिशान शादी करने की चाहत रखते हैं. जिसके लिए पर्सनल लोन का भी सहारा लिया जाता है. हालांकि, आपको इस बात का ध्यान रखना चाहिए कि, शादी केवल 1 दिन का इंवेट है.

जिसके लिए आप सालों तक ईएमआई भरते हैं. शादी में होने वाले इस तनाव से बचने के लिए अपनी बजट के अनुसार ही शादी की प्लानिंग करनी चाहिए. साथ ही पर्सनल लोन लेने से बचना चाहिए.

3. लग्जरी या गैर-जरूरी चीजों को खरीदने के लिए

जब हम पर्सनल लोन लेकर महंगी गाड़ियां, लग्जरी आइटम, कपड़े, जूते, मोबाइल, अपग्रेडेड इलेक्ट्रॉनिक्स आइटम और महंगी फर्नीचर इत्यादि जैसी चीजें खरीदते हैं तो, इसका प्रभाव हमारे आर्थिक स्थिति पर होता है. इन चीजों की कीमतें समय के साथ कम होती जाती है.

वहीं, आपको हर महीने लोन की राशि का भुगतान करना पड़ता हैं. ऐसी कोई भी चीजें जो आपकी जरूरत की नहीं हैं, आपको कुछ पल की खुशी तो देती हैं पर लंबे समय तक ईएमआई के जाल में फंसा सकती है.

यह भी पढ़ें: 10000 करोड़ रुपये जुटाने की तैयारी में Swiggy, जानें क्या है ऑनलाइन फूड डिलीवरी कंपनी का मेगा प्लान?

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Govt’s OFS of Bank of Maharashtra shares gets bumper response from non-retail investors

by Hansraj Agrawal | Dec 2, 2025 | Business

The OFS opened on December 2 and will close on December 3
| Photo Credit:
SANTOSH MISHRA

The government’s Offer For Sale (OFS) of Bank of Maharashtra (BoM) equity shares received a bumper response from non-retail investors .

The OFS saw non-retail investors put in bids that were about four times the offer size of 34.61 crore equity shares at an indicative price of ₹55.52 per equity share, according to BSE website.

Referring to the OFS, the Department of Financial Services in its X handle said: “Congratulations to Bank of Maharashtra on an exceptional market response. The Offer for Sale of a 5 per cent government stake, along with a 1 per cent green shoe option, received an impressive 407 per cent bids in the non-retail segment, reflecting strong investor confidence in the public sector banks and robustness of Indian banking sector. “

₹54 per equity share

The government is seeking to sell up to 6 per cent of the total issued and paid up equity share capital of BoM via the OFS at a floor price of ₹54 per equity share.

The OFS opened on December 2 and will close on December 3.

The government currently owns 79.60 per cent stake in the public sector bank, with the balance 20.40 per cent being held by the public.

As per SEBI’s minimum public shareholding norm, listed companies should have at least 25 per cent public shareholding.

So, following the OFS, BoM will be in full compliance of the market regulator’s minimum public shareholding norm.

As per the OFS details, the government will sell up to 38,45,77,748 equity shares of BoM (representing 5 per cent of the total issued and paid up equity share capital of the Bank) (Base Offer Size) on December 2, 2025 to non-Retail Investors and on December 3, 2025 to Retail Investors, employees and non-Retail Investors who choose to carry forward their un-allotted bids from the first day.

The OFS also has an option to additionally sell 7,69,15,549 equity shares (representing 1 per cent of the total issued and paid up equity share capital of the Bank) (the Oversubscription Option) through a separate, designated window of the BSE and the NSE.

Additionally, 75,000 equity shares may be offered to eligible employees of the Bank through the stock exchange mechanism, in accordance with the terms and conditions provided in the OFS Guidelines, subject to approval from the competent authority. The eligible employees may apply for equity shares amounting up to ₹5 lakh.

Published on December 2, 2025

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Jio-Facebook deal: SC dismisses RIL’s plea against SAT decision to uphold SEBI penalty

by Hansraj Agrawal | Dec 2, 2025 | Business

The Supreme Court on Tuesday dismissed an appeal by Reliance Industries Ltd and two others against a Securities Appellate Tribunal (SAT) decision to uphold a penalty imposed by the Securities Exchange Board of India (SEBI) for not making a prompt clarification in the stock exchange about the Jio-Facebook deal.

“If you are a big entity, the onus on you is bigger. You must meticulously comply with the principles,” Chief Justice Surya Kant, heading the Bench, observed in the hearing.

In June 2022, SEBI had imposed a combined penalty of ₹30 lakh on Reliance Industries Ltd (RIL) and two individuals, Savithri Parekh and K Sethuraman, for not clarifying to the stock exchange about the Jio-Facebook deal in time. The information came out through media reports. SEBI had stated that RIL violated Principle 4 of Schedule A of the Prohibition of Insider Trading (PIT) Regulations.

The counsel for RIL argued that nothing was finalised at the time. But the court responded that the company should have at least put out that information.

“You could have said on one line nothing has been finalised,” Chief Justice Kant observed.

“The moment the news came out and it was known in the market that Facebook is making such a huge investment, is it not correct that you should have immediately reacted? You were the best person to confirm or deny the speculation,” the CJI observed orally.

Under the LODR (Listing Obligations and Disclosure Requirements) rules, a listed company may on its own initiative confirm or deny any reported event or information to stock exchanges. The SEBI had held the petitioners liable for the violation of the principles of fair disclosure of unpublished price sensitive information (UPSI) under the LODR regulations. The SAT had upheld the SEBI penalty in May this year.

Published on December 2, 2025

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Aequs raises ₹414 cr from anchor investors; Vidya Wires ₹90 cr ahead of IPO

by Hansraj Agrawal | Dec 2, 2025 | Business

Aequs Ltd, precision component manufacturer operating within a single SEZ for the aerospace segment, has set a price band of ₹118-124.

IPO bound Meesho on Tuesday raised ₹2,439.54 crore from anchor investors ahead of the IPO opening on December 3. The e-commerce company has allotted nearly 21.98 crore shares to anchor investors at ₹111 a share.

The ₹5,421 crore of Meesho consists of fresh issue worth a fresh issue worth ₹4,250 crore and an offer for sale of ₹1,171.20 crore. Prominent names such as SBI Mutual Fund, Tiger Global, ADIA, GIC, BlackRock, GIC, Fidelity, WCM investment, Goldman Sachs and Dragoneer participated in the anchor book among the others.

Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, Morgan Stanley India Company Pvt Ltd, Axis Capital, Citigroup Global Markets India Pvt Ltd are the book running lead managers, and KFin Technologies is the registrar to the issue.

Aequs has raised ₹413.92 crore from anchor investors, as part of IPO exercise. The company has allotted nearly 3.34 crore shares to anchor investors at ₹124 a share. The IPO will open on Wednesday and close on Friday.

Marquee domestic and global institutional investors and large Indian mutual fund houses who participated in the anchor book included SBI Mutual Fund, HDFC MF, ICICI MF, Axis MF, Motilal Oswal MF, BlackRock Global Funds, Bank of India MF, Steadview Capital, Citigroup and Societe Generale.

JM Financial Ltd, IIFL Capital Services Ltd, Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue.

OFS component

Aequs Ltd, precision component manufacturer operating within a single SEZ for the aerospace segment, has set a price band of ₹118-124. The issue comprises a fresh issue of ₹670 crore and an offer-for-sale of ₹251.8 crore.

Vidya Wires, manufacturers of winding and conductivity products for a range of critical industries, has raised ₹90 crore from anchor investors as the company allotted 1.73 crore shares to anchor investors ₹52 a share.

Among the anchor investors were LIC Mutual Fund, Bandhan Mutual Fund, Bank of India MF, Alchemy, MAIQ, Maybank Securities

Vidya Wires Ltd has priced its issue at ₹48-52. The IPO includes a fresh issue of ₹274 crore and an offer-for-sale of approximately ₹26 crore.

Pantomath Capital Advisors Private Ltd and IDBI Capital Markets & Securities Ltd, are the book running lead managers to the offer

Published on December 2, 2025

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SBI, HDFC Bank, ICICI Bank continue to be identified as Domestic Systemically Important Banks: RBI

by Hansraj Agrawal | Dec 2, 2025 | Business

The indicators used for identifying a bank as D-SIB are: size, interconnectedness, substitutability (including total value and volume of payments made in Rupees) and complexity
| Photo Credit:

The Reserve Bank of India (RBI) said on Tuesday that State Bank of India (SBI), HDFC Bank and ICICI Bank will continue to be identified as Domestic Systemically Important Banks (D-SIBs).

The D-SIB designated banks have to maintain additional common equity tier 1 (CET1), in addition to the capital conservation buffer.

The additional CET 1 requirement for the aforementioned bank continues at last year’s level. SBI has been prescribed an additional CET 1 requirement of 0.80 per cent as a percentage of its risk weighted assets (RWAs); HDFC Bank (0.40 per cent) and ICICI Bank (0.20 per cent) .

Within the CRAR (capital to risk-weighted assets ratio) of 11.5 per cent for banks, the CET-1 is at 5.5 per cent. So, if SBI wants to make a loan, it will have to back it up with 12.3 per cent of the loan amount as capital, going by the D-SIB prescription.

If HDFC Bank and ICICI Bank want to make a loan, they will have to back it up with 11.9 per cent and 11.7 per cent, respectively, of the loan amount as capital.

The indicators used for identifying a bank as D-SIB are: size, interconnectedness, substitutability (including total value and volume of payments made in Rupees) and complexity.

In its December 2023 Framework for Dealing with D-SIBs, the RBI underscored that D-SIBs are perceived as banks that are too big to fail (TBTF). This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets.

However, the perceived expectation of government support amplifies risk-taking, reduces market discipline, creates competitive distortions, and increases the probability of distress in the future.

“These considerations require that SIBs should be subjected to additional policy measures to deal with the systemic risks and moral hazard issues posed by them,” said the RBI.

Published on December 2, 2025

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