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On Wednesday, November 12, shares of Billionbrains Garage Ventures Ltd., the parent company of fintech platform Groww, went public at a 14% premium over their initial public offering price.

The stock went up 14% from its initial public offering (IPO) price of ₹100 to ₹114 per share on the BSE. In a similar vein, the company’s stock began trading on the NSE at ₹112, a 12% increase from the issue price.

The Nifty index has surged to 25,800.

Will hopefully announce more activities on the inorganic side, says Zaggle

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The shares of Kirloskar Oil surged on Wednesday

Sharp reactions to Q2 earnings, RVNL down over 1%, Max Fin trading with high vol

Gokaldas Exports Ltd.’s shares opened down on Wednesday, November 12, after closing nearly 6% higher on Tuesday. The company’s September-quarter performance was modest due to margin challenges and deterioration in its operations in Africa.

Market opens higher, Nifty above 25,800

Rupee Opens At 88.62/$ Vs Tuesday’s Close Of 88.57/$

Gautam Chhaochharia, Head of Global Markets, India, UBS

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Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Management indicated

(1) FY26/27F oil production guidance: 19.8/21mn tons and gas production guidance: 20/21.5 bcm;

(2) annual capex guidance of INR300-350bn;

(3) target to cut opex by ~INR50bn through various cost optimization initiatives;

(4) renewables capacity target of 10GW by 2030;

(5) under the BP TSP contract for Mumbai High, production to increase by 60% over a 10-year period, with peak production likely in FY28-30;

(6) Mozambique force majeure may be lifted in a couple of days;

(7) gas volumes from Daman upside and DSF-II were guided at 5mmscmd and 4mmscmd respectively, to be commissioned in FY26/27F,

(8) new well gas share may reach 30-35% in the next 3-4 years.

According to official sources who spoke to CNBC-TV18, India is waiting on a response from the US government about the Bilateral Trade Agreement (BTA) that is being discussed between the two countries, claiming that further negotiations are not necessary at this time.

According to government sources, India’s discussions have been the most thorough and compliant with the WTO when compared to other nations. All outstanding concerns in various areas have been carefully negotiated.

GIFT Nifty is higher, trading at a premium of more than 150 pts from Nifty Futures’ Tuesday close, indicating a gap-up start for the Indian market.

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