Market Bizzz

Shipwaves Online is set to list on the BSE SME platform today with no grey market premium, indicating muted investor expectations for immediate listing gains. The company’s Rs 56.35 crore IPO, which closed on December 12, offered shares at Rs 12 apiece.

Global Ocean Logistics India is launching its initial public offering this week. The freight forwarding firm aims to raise Rs 30.41 crore through a fresh issue of shares. The IPO is priced between Rs 74 and Rs 78 per share. Proceeds will fund working capital and general corporate needs.

Unisem Agritech is set to list on the BSE SME platform on December 17, with grey market indicators suggesting a flat debut. The seed manufacturer’s IPO, which saw moderate demand, aims to raise Rs 21.45 crore primarily for working capital. The company’s post-listing performance will depend on its execution and ability to sustain growth in the competitive agri sector.

RBL Bank shares will be in focus following the immediate resignation of its Chief Financial Officer, Buvanesh Tharashankar. Tharashankar stepped down to pursue opportunities outside the organization. The bank has already identified an interim successor as part of its succession plan. His resignation was accepted on December 15, with his duties ceasing that day.

HDFC Bank’s group entities have received RBI approval to acquire up to 9.50% in IndusInd Bank. The approval, valid until December 14, 2026, covers entities like HDFC Mutual Fund and HDFC Life Insurance. This precautionary measure was taken due to potential aggregate shareholding exceeding regulatory thresholds.

Tata Power plans a substantial Rs 25,000 crore investment this fiscal year. A significant portion will fund clean energy projects. The company aims to double its renewable capacity and expand its customer base. New licenses are being sought in various states. This strategic move signals a major growth phase for Tata Power.

Oil prices saw an increase on Monday. This rise comes as tensions between the United States and Venezuela escalate, raising concerns about potential supply disruptions. These geopolitical worries are currently overshadowing worries about an oversupply in the market. Peace talks between Russia and Ukraine are also ongoing. Market direction remains uncertain as these factors play out.

Gold prices climbed on Monday, buoyed by easing U.S. Treasury yields, as investors digest the Federal Reserve’s recent rate cut. Silver held steady after a record-breaking week, driven by tight supplies and industrial demand. Meanwhile, a Malian court ordered the return of seized gold to Barrick Mining, while Indian and Chinese demand showed signs of weakness.

The Indian Rupee faces further weakness as the year ends. Weak investor sentiment and the absence of a US trade deal are key concerns. Bond markets will react to the central bank’s debt purchases and foreign investor actions. Traders anticipate continued volatility in both currency and bond markets as the year concludes.

The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despite a supportive Fed stance, the index faced resistance near recent highs, indicating a technical pause within an uptrend. Traders are advised to remain cautious, protect profits, and await a breakout above 26,200–26,300 for confirmation.