Overview

• After jumping at the open, benchmarks swung and weakened, with Monday’s session ending slightly lower and Tuesday’s trade flipping between minor gains and losses.
• MCX December gold futures touched a lifetime high of ₹1,17,561 per 10g and silver hit ₹1,44,200 per kg, while IBJA reported domestic rates near record levels.
• Company filings spurred sharp moves: Harshil Agrotech announced a ₹113 crore supply order, Servotech won a ₹13 crore 3 MW rooftop solar project from North Central Railway’s Agra division, RDB Infra cleared a 51% buy of its Bhopal unit for ₹5.1 lakh, and Apollo Micro Systems detailed MoUs and technology-transfer agreements supporting its order pipeline.
• Welcure Drugs said a Singapore investor proposed purchasing a 25% stake at ₹20 per share, the board approved a stock split and a 1-for-10 bonus, and the company outlined plans for a ₹70–80 crore research lab with a possible QIP.
• Fabtech Technologies’ IPO opened for subscription at ₹181–191 with a 75-share lot as the first-day grey market premium eased to about ₹10, while new brokerage calls included a BUY initiation on Rainbow Children’s Medicare at ₹1,625 and an ICICI Securities upgrade on Kalyan Jewellers with a ₹670 target.