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The National Stock Exchange is preparing for a potential September IPO that could raise ₹30,000–32,000 crore at a valuation of up to ₹5.3 lakh crore, sources told CNBC-TV18.

Spain’s economy thrives, surpassing South Korea in GDP, driven by population growth via immigrant labor and tourism. Challenges include infrastructure strain and productivity.

The company said stainless steel sales volume increased 40.2% year-on-year, while average realisations rose 23.2%, reflecting healthy demand and improved pricing. On a sequential basis, sales volumes rose 7.8%, although realisations declined 2.6%.

Adverse regulatory or fiscal changes, including higher government levies or changes in gas pricing mechanisms, lower-than-expected crude oil and domestic gas realisations arising from a weaker commodity price environment, are some of the key risks for ONGC.

Enam Holdings Investment Director Sridhar Sivaram remains underweight on IT and banks, citing weak earnings growth and intense competition, while favouring manufacturing, power equipment, pharmaceuticals, NBFCs and gold. Sivaram also recommends international diversification and expects gold to deliver double-digit annual…

Exchange data showed that around 60.8 lakh shares, representing nearly 2.3% of the company’s outstanding equity, changed hands in the transaction. The identities of the buyer and seller were not immediately known.

Oswal Pumps and Shakti Pumps surged over 6% after MSEDCL orders for PM Kusum B Scheme solar project in Maharashtra. Oswal’s order is for 236 crore, Shakti’s for 354 crore.

Brokerage firm Nomura is also positive on the stock after the strong response to the first phase of the Three Sixty North project. The brokerage has a “buy” recommendation and has increased its price target to ₹2,090 per share from…

Goldman Sachs has turned more bearish on the Japanese yen, arguing that the currency is likely to weaken further even with an intervention.

Nomura has highlighted that Friday’s move was an “overreaction” to what is a narrow exemption, and that the market participants read it as a competitive threat and sold these companies.