Global central banks significantly boosted gold reserves in Q3 2025, adding 220 tonnes, a 28% quarterly jump. India’s RBI acquired 600 kilos, reaching 880 tonnes. Despite higher prices, this strategic move signals confidence in gold as a safe haven, with Kazakhstan and Brazil leading recent purchases.
Lenskart’s Rs 7,278-crore IPO is seeing strong investor interest, with subscriptions reaching 2.02 times the offered shares by the second day. Despite a slight dip in its grey market premium, brokerages remain optimistic, recommending long-term investment due to the company’s market position and growth potential.
Gold Monetisation Scheme offers interest on deposited gold, transforming it into a productive asset. However, low uptake is attributed to sentimental value. For those seeking liquidity without losing ownership, gold loans provide an accessible alternative, allowing borrowers to retain their jewellery while unlocking its value.
Investment app Groww’s much-anticipated IPO opened Tuesday, aiming to raise Rs 6,632 crore with a price band of Rs 95-100. The company secured over Rs 2,984 crore from anchor investors. Analysts suggest subscribing for the long term, citing strong fundamentals and India’s low demat penetration, despite regulatory risks.
Asian markets saw mixed trading as investors grappled with a tech rally fueled by AI spending, sparking fears of a bubble. Wall Street’s tech gains weren’t mirrored in Asia, with mixed results across major exchanges. Cautious sentiment also stemmed from Federal Reserve officials’ varied signals on future interest rate adjustments, adding to market uncertainty.
Chinese goods are set to re-enter Indian markets after a four-year halt in clearances, driven by surging domestic demand fueled by GST rate cuts. The government is expediting pending applications for various products, including electronics and household items, to address supply chain delays and prevent shortages during the festive season.
Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta identifies two top stock picks for November 4, 2025 – Prestige and Sun Pharmaceutical Industries.
Banks across numerous Indian states will be closed on Wednesday, November 5, for Guru Nanak Jayanti and Kartik Purnima. Customers in states like Maharashtra, Uttar Pradesh, and West Bengal will face branch closures. While digital banking services remain operational, in-person transactions will be unavailable.
