Market Bizzz

NSE IPO GMP Live Updates: On Day 2, the NSE IPO was subscribed 1.16 times overall against the 8.86 crore shares on offer. The retail portion was subscribed 72% of the 4.41 crore shares reserved for retail investors.

Among the two offerings, the Century Business Media IPO received an overwhelming response from investors, with the issue subscribed 57.93 times by the close of bidding. The Injecto Polymers IPO, meanwhile, was subscribed 1.23 times.

The Manika Plastech IPO was a Rs 125.50 crore book-built issue, comprising a fresh issue of 2.15 crore shares aggregating to Rs 92.50 crore and an offer for sale (OFS) of 76.74 lakh shares worth Rs 33 crore.

Nifty enters the week in a corrective, range-bound setup, with 23,000–23,100 emerging as crucial support and 23,500 as the first resistance. Weak momentum indicators and subdued volatility suggest cautious trading. A sustained move above 23,500 could support a rebound, while a break below 23,000 may deepen the correction.

Bank of India Mutual Fund CIO Alok Singh sees scope for banks to re-rate as low NPAs, healthy returns and loan growth support fundamentals. He expects policy announcements and stronger business numbers to ease concerns around NIMs and FCNR flows, while capital goods, banking and metals could deliver stronger earnings momentum.

Bitcoin reclaimed $80,000 and Ethereum approached $2,620 as crypto markets recovered despite a hawkish Federal Reserve stance and uncertainty around the CLARITY Act. Improving risk sentiment, cooling oil prices and short liquidations supported the rebound, while ETF outflows, elevated rates and regulatory uncertainty remain key factors shaping the market outlook.

US stocks ended mixed on Friday as Treasury yields topped 5% and crude oil stayed above $100 a barrel, keeping inflation worries alive. The Nasdaq gained as semiconductor stocks rallied, while the Dow slipped. Investors also assessed the Fed’s rate outlook, triple witching volatility and fresh corporate developments.

Investor sentiment fell to its lowest level since May 2025, according to the latest AAII survey. Bearish investors rose to 53.3%, while bullish sentiment dropped to 28.8%. The bull-bear spread fell to -24.5%, as elevated oil prices, a Fed rate hike and market volatility fuelled caution among individual investors.

Howard Buffett is set to become Berkshire Hathaway’s new chairman, succeeding his father Warren Buffett, who will become chairman emeritus. The 71-year-old has served on Berkshire’s board for 33 years and is expected to focus on preserving its culture. His career spans business, farming, conservation, law enforcement and philanthropy.

JioBlackRock Mutual Fund’s Balanced Advantage Fund uses a rules-based model combining global risk sentiment with four local signals to determine equity allocation. The model then evaluates 250 stocks across six factors, including momentum, value, quality and sentiment. BlackRock’s Aladdin platform weighs alpha, risk and trading costs to build a portfolio of 50-75 stocks.