Market Bizzz

Share buyback refers to a corporate action where a company repurchases its own shares from existing shareholders, mostly at a premium to the market price.

BSE is set to announce its semi-annual Sensex reshuffle on Friday. Nuvama Alternative & Quantitative Research predicts Trent’s exit due to a slide in free-float market capitalization. Hindalco Industries or Shriram Finance are the likely replacements, with Hindalco potentially having a higher chance of inclusion.

Deepening divisions at the Federal Reserve highlight a struggle with stubborn inflation and geopolitical uncertainty. Policymakers debated interest rate hikes, with four dissenting votes, the highest since 1992. Incoming Chair Kevin Warsh’s stance on lower rates adds complexity to the central bank’s balancing act.

Amidst market volatility, Indian stock exchanges BSE and MCX have seen significant rallies, driven by increased trading activity. Both reported strong Q4 earnings. While Jefferies and ICICI Securities remain cautious on BSE, citing stagnant market share, brokerages like HDFC Securities and Morgan Stanley are more optimistic about MCX, highlighting its growth drivers in commodity trading.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Harikanta Overseas’ SME IPO opens Wednesday, aiming to raise Rs 25.63 crore. The issue, priced between Rs 91-96, sees muted grey market sentiment with zero premium. Funds will bolster working capital and general corporate needs as the textile fabric manufacturer expands. The IPO closes May 22, with tentative listing on May 27.

Vegorama Punjabi Angithi’s SME IPO opens Wednesday, with a 20% grey market premium signaling strong investor interest and expected listing gains. The company aims to raise Rs 38.38 crore to fund expansion, including new cloud kitchens and infrastructure upgrades. The issue is priced between Rs 73-77 per share.

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.

Teamtech Formwork Solutions’ IPO opens Tuesday with a muted grey market outlook, showing a 0% premium. The Rs 50.15 crore issue aims to fund a new manufacturing facility, debt repayment, and working capital. The company, which manufactures and rents modular formwork systems for construction, has already secured Rs 14.28 crore from anchor investors.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.