This edition of Market Opening focuses on a massive week for primary markets, with companies set to raise a humongous ₹33,000 crore through IPOs. The action begins with the Tata Capital and LG Electronics public issues. Globally, Asian markets are climbing, with Japan’s Nikkei rallying after the election of a new prime minister. Precious metals are seeing record highs, with gold crossing the $3,900 per ounce level. An expert on the show noted the long-term potential of the new issues, stating, “listing gains may not happen, but at least from a long-term perspective, good value can be made.” The programme also covers the government’s revision of CGHS package rates, boosting hospital stocks, and the DGCA’s move to have airlines add 1,750 flights to meet festive demand. The 14th round of India-EU free trade agreement talks also commences in Brussels.
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