Market

Wakefit Innovations Limited files DRHP for ₹468 crore IPO with BRLMs Axis Capital, IIFL Capital, and Nomura; plans expansion. Source

Brokerage firm Investec, in a note earlier, wrote that the normalisation of Model Y production rate should subside headwinds for Sona BLW. Source

Meesho approved to raise ₹4,250 crore in IPO, with CEO Vidit Aatrey becoming chairman. Source

Waaree Energies will see its six-month shareholder lock-in ending on April 25. As many as 15 crore shares will become eligible to be traded as its shareholder lock-in ends, according to a note from Nuvama Alternative & Quantitative Research. Source

Torrent Pharmaceuticals acquires controlling stake in JB Chemicals and Pharmaceuticals from KKR, followed by merger for growth. Source

Global shares mostly declined Thursday as investors grappled with uncertainty ahead of the US elections next Tuesday. Source

Equity indices Sensex and Nifty drop after four-day rally due to profit-taking, bank stocks decline. Source

The growth reflects the resurgence of demand in the Indian jewellery market, fuelled by robust consumer sentiment and a two-day Dhanteras muhurat that allowed a larger window for buyers. Source

Rupee strengthens against US dollar due to weakening American currency, easing crude oil prices, and improved investor sentiment. Source

Indian markets start Samvat 2081 on a positive note, up 0.42% and 0.41% respectively for Sensex and Nifty. Small and mid-caps also gain. Experts optimistic about market recovery by mid-November. Source