The brokerage firm has also highlighted RIL, SBI and The report outlines that Indian equities delivered a mixed performance in 2025, with the Nifty 50 gaining 10.2% to end the year at 26,326. However, broader markets lagged, as the Nifty 500 rose only 6.4%, while the Nifty Smallcap 250 declined 6.4%.Despite global headwinds such as foreign capital outflows, currency volatility, and geopolitical uncertainty, Axis Securities believes India's domestic economic fundamentals have remained notably resilient, pro ...

Core Insights - The ongoing surge in IPOs is significantly utilizing mutual fund liquidity, with six primary market issuances accounting for over ₹13,000 crore in net equity investments by mutual funds in November [3][4]. Group 1: Mutual Fund Activity - Groww led the inflows, attracting approximately ₹4,200 crore, while other companies like Lenskart Solutions, Pine Labs, and Physics Wallah each garnered over ₹1,000 crore in investments from mutual funds [4]. - Net equity investments by mutual funds reached ₹43,500 crore in November, indicating strong demand and liquidity in the market [4]. Group 2: IPO Market Dynamics - The robust appetite for IPOs from mutual funds, alongside strong demand from other investor segments, has facilitated record issuances, with over 100 mainboard IPOs launched this year, the highest in 25 years [5]. - The primary market activity is largely driven by retail inflows into mutual funds, as elevated valuations in the secondary market have redirected liquidity towards primary issuances [5]. Group 3: Sector Trends - Demand in the primary market is particularly strong for consumer technology and new-age businesses, which currently represent 20% of recent IPOs, a figure expected to rise above 30% in the next five years [7][8]. - At least 20 startups with private market valuations in the hundreds of millions of dollars are preparing to enter the market, indicating a growing trend in the consumertech sector [8]. Group 4: Secondary Market Activity - In the secondary market, Eternal topped the mutual fund buy list with ₹4,500 crore invested, followed by ICICI Bank, ITC, Mphasis, and HDFC Bank [9]. - Conversely, mutual funds reduced their exposure to public sector banks and pharmaceutical stocks, with State Bank of India and Reliance Industries among the most sold stocks [9].

Market Performance Overview - The BSE benchmark index declined by 338.3 points, or 0.39 percent during the week [2][4] - Despite the overall market decline, several heavyweight stocks experienced increases in their valuations [4] Notable Increases in Market Capitalisation - Tata Consultancy Services (TCS) saw its market value surge by Rs 22,594.96 crore, reaching a total valuation of Rs 11,87,673.41 crore [4] - Infosys increased by Rs 16,971.64 crore, pushing its market capitalisation to Rs 6,81,192.22 crore [4] - State Bank of India added Rs 15,922.81 crore, resulting in a valuation of Rs 9,04,738.98 crore [4] - Reliance Industries' market capitalisation rose by Rs 12,314.55 crore to Rs 21,17,967.29 crore [4] - Bharti Airtel's valuation climbed by Rs 7,384.23 crore to Rs 11,95,332.34 crore [3][4] - Larsen & Toubro saw a marginal increase of Rs 68.78 crore, bringing its market capitalisation to Rs 5,60,439.16 crore [3][4] Notable Decreases in Market Capitalisation - HDFC Bank experienced the sharpest decline, with a fall of Rs 21,920.08 crore to Rs 15,16,638.63 crore [3][4] - LIC's valuation slipped by Rs 9,614 crore to Rs 5,39,206.05 crore [3][4] - ICICI Bank's market capitalisation declined by Rs 8,427.61 crore to Rs 9,68,240.54 crore [3][4] - Bajaj Finance saw a dip of Rs 5,880.25 crore, resulting in a valuation of Rs 6,27,226.44 crore [3][4] Overall Market Capitalisation Trends - The combined market capitalisation of six of India's ten most-valued companies rose by Rs 75,256.97 crore over the past week [4] - Reliance Industries maintained its position as the most-valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and LIC [3][4]

Market Valuation Changes - The combined market valuation of six of the top-10 most-valued firms increased by ₹75,256.97 crore last week, with Tata Consultancy Services (TCS) and Infosys being the largest contributors [1] - TCS's market valuation rose by ₹22,594.96 crore to reach ₹11,87,673.41 crore, while Infosys added ₹16,971.64 crore, bringing its valuation to ₹6,81,192.22 crore [2] - The market capitalization of State Bank of India increased by ₹15,922.81 crore to ₹9,04,738.98 crore, and Reliance Industries saw a rise of ₹12,314.55 crore to ₹21,17,967.29 crore [2] Declines in Valuation - HDFC Bank's market capitalization fell by ₹21,920.08 crore to ₹15,16,638.63 crore, while LIC's valuation decreased by ₹9,614 crore to ₹5,39,206.05 crore [3] - ICICI Bank's market capitalization declined by ₹8,427.61 crore to ₹9,68,240.54 crore, and Bajaj Finance's valuation dipped by ₹5,880.25 crore to ₹6,27,226.44 crore [3] Ranking of Firms - Reliance Industries remains the most-valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and LIC [4]

Market Performance - Equity benchmark indices Sensex and Nifty experienced a surge after four days of decline, driven by a rally in global markets and lower-than-expected US consumer price inflation data for November, which reinforced expectations of further interest rate cuts by the Federal Reserve [1][6] - The 30-share BSE Sensex increased by 447.55 points, or 0.53 percent, closing at 84,929.36, with an intraday high of 85,067.50, up 585.69 points, or 0.69 percent [3] - The 50-share NSE Nifty rose by 150.85 points, or 0.58 percent, to settle at 25,966.40 [4] Sector Performance - Among the 30 Sensex firms, notable gainers included Bharat Electronics, Power Grid, Tata Motors Passenger Vehicles, Asian Paints, Reliance Industries, and Bajaj Finserv [4] - Conversely, HCL Tech, Kotak Mahindra Bank, ICICI Bank, and Sun Pharma were identified as laggards [4] Foreign and Domestic Investment - Fresh foreign fund inflows contributed to the upward movement in equity markets, with Foreign Institutional Investors (FIIs) purchasing equities worth Rs 595.78 crore on Thursday [7] - Domestic Institutional Investors (DIIs) also engaged in buying, acquiring stocks worth Rs 2,700.36 crore in the previous trade [8] Global Market Influence - Global equity markets, including those in Europe and the US, were trading higher, with the US markets closing positively on Thursday, reflecting steady investor sentiment supported by favorable global cues [6] - A recovery in the Indian rupee against the US dollar further bolstered confidence, leading to broad-based buying during the session [7] Commodity Prices - Brent crude, the global oil benchmark, saw a slight decline of 0.40 percent, settling at $59.58 per barrel [8]

Group 1 - ICICI Prudential AMC's IPO raised up to 106 billion rupees ($1.2 billion) and received bids for over 1.37 billion shares, significantly exceeding the 35.02 million shares offered [1] - The IPO was priced at 2,165 rupees per share at the upper end of the price band and was subscribed more than 39 times, primarily driven by institutional investors, while the retail portion was subscribed 2.5 times [2] - Major institutional investors included Singapore's GIC, Temasek, and India's Life Insurance Corporation, with Citigroup Global Markets India, BofA Securities India, Morgan Stanley, Axis Capital, Avendus Capital, and ICICI Securities serving as joint bookrunners [3] Group 2 - ICICI Prudential AMC is the largest asset management company in India in terms of assets managed under active mutual fund schemes, with a quarterly average of 101.47 billion rupees [4] - The company had 15.5 million retail investors as of the end of September [4]

Market Performance - Benchmark indices opened positively, with the Sensex rising 468.44 points (0.55%) to 84,950.25 and the Nifty gaining 133.90 points (0.52%) to 25,949.45, driven by favorable global cues following lower-than-expected US inflation data [1] - The Sensex closed at 84,481.81 and the Nifty at 25,815.55 in the previous session, indicating a continuation of gains as both indices opened higher at 84,756.79 and 25,911.50 respectively [2] Global Market Influence - Global markets showed a positive bias, led by gains in US equities after the November consumer price inflation data came in at 2.7%, lower than anticipated, which bolstered expectations for further interest rate cuts by the US Federal Reserve [3] - The Nasdaq surged 1.38%, while the S&P 500 and Dow Jones increased by 0.79% and 0.14% respectively, reflecting a shift towards a risk-on environment [3] Sector Performance - Among the top gainers on the Nifty 50, Max Healthcare Institute led with a 1.91% increase to ₹1,068.50, followed by Tata Motors Passenger Vehicles up 1.87% to ₹352.25, and Bharat Electronics gaining 1.81% to ₹390.40 [4] - On the losing side, Shriram Finance declined by 1.20% to ₹859, while HCL Technologies fell 0.34% to ₹1,655.70 [5] Institutional Activity - Foreign Institutional Investors (FIIs) continued buying for a second consecutive session, purchasing equities worth nearly ₹600 crore, while Domestic Institutional Investors showed strong buying interest with inflows of ₹2,700 crore [6] Technical Analysis - The Nifty 50 is in a consolidation phase, trading within the 25,700–25,900 range, with immediate resistance at 25,900–26,000 and key supports at 25,700 and 25,600 [7] - The Indian rupee appreciated by 14 paise to settle at 90.24 against the US dollar, marking a second consecutive day of gains [7]

Core Insights - Xeriant, Inc. is focused on discovering, developing, and commercializing transformative technologies, particularly in eco-friendly advanced materials [1][5] - The company has engaged IBN to enhance its corporate communications strategy and increase investor awareness [1][4] Company Overview - Xeriant operates as a strategic holding company, providing diversified exposure to next-generation aerospace and advanced materials technologies while pursuing sustainability-focused innovations [2] - The company builds its portfolio through disciplined partnerships, targeted acquisitions, and internal development initiatives [2] Product Offerings - Xeriant's advanced materials program includes the DUREVER™ brand, featuring NEXBOARD™, a patent-pending composite panel made from recycled plastic and fiber waste [3][6] - NEXBOARD™ is designed as a high-performance alternative to conventional building products, offering enhanced fire resistance and is currently undergoing testing and certification [3] Partnership with IBN - IBN will leverage its extensive investor-focused distribution network, which includes over 5,000 syndication outlets and various media channels, to promote Xeriant [4][5] - IBN has over 20 years of experience and a large audience, positioning it to effectively reach investors and the general public on behalf of Xeriant [5]

Market Performance - Stock markets experienced a decline for the third consecutive day, with the benchmark Sensex closing lower by 120.21 points or 0.14% at 84,559.65, marking a week's low [2][3] - The NSE Nifty also fell by 41.55 points or 0.16% to a week's low of 25,818.55 [4] Major Contributors - Among the Sensex firms, major laggards included Trent, HDFC Bank, Adani Ports, ICICI Bank, Bajaj Finserv, Bharat Electronics, Titan, and Asian Paints [4] - Conversely, State Bank of India, Infosys, Axis Bank, and Maruti were among the gainers [4] Foreign and Domestic Investment - Foreign Institutional Investors (FIIs) sold equities worth Rs 2,381.92 crore, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 1,077.48 crore [5] Global Market Context - In Asian markets, indices such as South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng ended positively [5] - Brent crude oil prices increased by 2.12% to $60.17 per barrel [5]

Group 1 - Nifty Bank index opened at 59,073, slightly higher than the previous close of 59,035, but has since declined to 58,940, representing a decrease of nearly 0.2% [1] - The advance/decline ratio is 8/4, indicating a positive bias in the market despite the index's decline [1] - Canara Bank is the top gainer, up 2.1%, while ICICI Bank is the top loser, down 1.4% [1] Group 2 - Nifty PSU Bank has increased by 1.15% in the first hour of trading, outperforming the Nifty Private Bank, which has dropped by 0.3% [2] Group 3 - December expiry Nifty Bank futures opened at 59,280, slightly lower than the previous close of 59,289, and is currently trading at 59,165, down 0.2% [3] - The futures contract is near a support band of 59,150-59,000, which may prevent further declines [3] - A rebound from this support could lead to a rally, potentially lifting Nifty Bank futures to a resistance level of 60,500, with a subsequent barrier at 61,000 [3] Group 4 - If the futures contract breaches the support at 59,000, it may lead to a deeper decline, with the next notable support at 58,250 [4] Group 5 - A trade strategy suggests going long on Nifty Bank futures at 59,150, with a target of 60,500 and a stop-loss at 58,900 [5] - Supports are identified at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5]