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It’s the IPO we've all been waiting for, literally for years. After a long regulatory freeze following the co-location scandal, India’s biggest stock exchange might finally go public. SEBI Chair Madhabi Puri Buch has just confirmed they’re actively working to resolve the issues holding back NSE’s listing. This could be the most significant IPO event in India’s capital markets and it’s inching closer.

Let’s unpack the moves making markets move!

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Today’s Market Menu

• Focal Point: India’s biggest exchange might finally go public

• Markets

• Everything else you need to know today

• Special: Vijay Kedia’s wake-up call: “Many Gensols Are Still Hiding”

• Psychology: The $1,000 Book that made Warren Buffett a Billionaire

• Supercharge your Investing Skills with this Video

• Stock Screener to up your game

FOCAL POINT

India’s Biggest Exchange Might Finally Go Public

After years of regulatory purgatory, the National Stock Exchange (NSE) might finally step into the spotlight, and this time, SEBI is hinting at real momentum.

🔍 What’s the update?

• SEBI Chair Madhabi Puri Buch told Reuters that the regulator is “working to sort out issues” related to NSE’s IPO.

• It’s a small but significant shift, SEBI hasn’t spoken openly about NSE’s listing in a long time, and this new statement suggests things are finally moving internally.

🕰️ Why has the IPO been delayed for so long?

• NSE filed for its IPO back in December 2016, but things quickly derailed.

• The core issue? The infamous co-location scam, where brokers were allegedly given preferential access to NSE servers, sparking concerns over unfair trading advantages.

• Investigations followed, fines were imposed, reputations took a hit, and SEBI essentially put the brakes on the IPO indefinitely.

💰 Why does NSE’s IPO matter today?

• NSE is India’s largest stock exchange, handling over 90% of equity trading volumes. Owning a piece of it isn’t just symbolic, it’s potentially one of the most lucrative listings in India’s financial history.

• Analysts believe the IPO could raise billions of dollars, unlocking value for existing shareholders like LIC, SBI, and IFCI.

• The listing would also bring more transparency and corporate governance to an institution that has operated privately since its inception in 1992.

📊 The bigger picture: What SEBI’s statement signals

• SEBI’s tone is measured but meaningful. While there’s no date yet, the comment hints at regulatory alignment building behind the scenes.

• Buch’s choice of words, “We’re working to sort it out” ,implies the intent to resolve legacy issues and prepare NSE for listing.

• In startup lingo, this feels like the Series A of regulatory greenlighting. Not there yet, but finally heading in the right direction.

🧠 What should investors and founders take away?

• If NSE gets the green light, expect massive institutional interest, retail buzz, and a new benchmark for IPOs in India.

• It could also unlock a wave of fintech and infra IPOs, showing that even the most delayed stories can turn around with the right regulatory backing.

• Is this the comeback story India’s capital markets have been waiting for?

MARKETS

Indian stock market saw a powerful rally with Sensex soaring 1,508 points (+1.96%) to close at 78,553, while Nifty 50 jumped 414 points (+1.77%) to hit 23,851. The Bank Nifty stole the show, surging over 1,172 points (+2.21%), signaling strong action in financial stocks. Even midcaps joined the party, climbing 0.60%. Clearly, the bulls aren’t just back, they’re charging ahead!
 
_{Closing figures as on 17.04.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Eternal (+4.29%) Strong buying interest and high volume pushed Eternal up, possibly driven by news or sectoral buzz.
✅ ICICI Bank (+3.71%) Private banking stocks saw major inflows as investor confidence returned on strong fundamentals and credit growth.
✅ Bharti Airtel (+3.65%) Airtel rallied on rising Average Revenue Per User (ARPU) expectations and continued telecom sector optimism.
✅ Sun Pharma (+3.45%) Investors shifted to defensives like pharma amid global uncertainty; Sun’s diversified base added strength.

Top Losers

🔻 Wipro (-4.34%) Wipro dropped sharply, likely on the back of disappointing earnings or weak margin guidance in IT.
🔻 Hero MotoCorp (-0.27%) Auto major edged down as EV competition and rural demand concerns weighed slightly on sentiment.
🔻 JSW Steel (-0.22%) Steel stocks softened with global demand fears and falling metal prices keeping investors cautious.
🔻Tech Mahindra (-0.15%) Weakness in IT persisted as TechM followed peers down amid subdued outlook and client spending cuts.

NIFTY 500: Uptrend Vibes 😊

Q4 RESULTS

^{Click on company name for result pdf} 

FROM THE FRONTIER

Everything else you need to know today 

💸 IDFC FIRST’s Big League Boost: IDFC FIRST Bank just secured a game-changing $877 million investment from Warburg Pincus and ADIA. This isn’t just a capital raise-it’s a power move to fortify balance sheets and double down on India’s digital banking wave.

🏦 Govt Eyes FY26 Mega Sell-Offs: The government’s FY26 disinvestment playbook may include big-ticket OFS moves in LIC, Coal India, RVNL, and GRSE. Think of it as India’s version of spring cleaning-shedding weight while unlocking billions.

💰 Gold Glows at ₹95K, What’s Fueling It? Gold just crossed ₹95,000 per 10g, inching toward the mythical ₹1 lakh mark. From geopolitical jitters to central bank hoarding, safe-haven sentiment is red-hot.

📈 GQG’s Quiet Bet on ITC: Global investment firm GQG has upped its stake in ITC to 3.47% after scooping up 4.9 crore shares in Q4. While many retail investors sleep on ITC, GQG clearly sees untapped value in this legacy-to-lifestyle transition.

🧾 FY26 Disinvestment Plans Double Down: With OFS plans for giants like LIC and Coal India on the table, FY26 is shaping up as a blockbuster disinvestment year. The Centre’s playbook? Monetize maturity, attract retail, and reset PSU valuations.

📝 Order Wins

✅ Suzlon wins a 100.8 MW wind project from Sunsure Energy, marking Sunsure’s wind debut with 48 turbines in Maharashtra. A strong push toward India’s 2030 green energy goals!

💰 Fund Raising

✅ IDFC FIRST Bank to raise ₹7,500 crore from Warburg Pincus and ADIA’s unit via preferential issue to fuel its next growth phase and strengthen capital base.

SPECIAL

Vijay Kedia’s Wake-Up Call: “Many Gensols Are Still Hiding”

India’s retail investors love a rags-to-riches story. But market veteran Vijay Kedia is urging everyone to look beyond the hype, and start reading the fine print.

Kedia, a widely respected investor known for his early bets on multi-baggers, has flagged a worrying trend: companies like Gensol, which initially show strong stock performance, but later reveal serious cracks in governance, growth, or transparency.

He believes many such companies are still hiding in plain sight, glossy on the outside, but potentially rotten within.

🚩 His 10 Red Flags! The “Checklist” Every Investor Needs:

1. Too-good-to-be-true numbers: Exponential growth without a clear business model? That’s your first warning sign.

2. Unexplained stock rallies: Stocks that shoot up with no earnings or news often signal manipulation.

3. Unknown or questionable auditors: If the financials are signed off by an obscure auditor, think twice.

4. Frequent board resignations: Leadership exits = smoke. And where there’s smoke...

5. Tiny employee count, massive market cap: A company claiming big business but running lean? That’s not lean, it’s lopsided.

6. Unclear revenue streams: If the earnings call sounds like jargon soup, it might be hiding something.

7. Promoters selling early: When insiders cash out at the top, it’s time to ask: What do they know that I don’t?

8. Lack of institutional backing: If no smart money is onboard, there may be a reason.

9. Dubious related-party transactions: Hidden deals with sister concerns can be a red flag for siphoning or misreporting.

10. Changing narratives: One day it's EVs, the next it's AI, shifting stories often mean no real strategy.

💡 Why This Matters

• Kedia isn’t just pointing fingers, he’s trying to protect the retail crowd. The same crowd that piles into stocks based on momentum, YouTube tips, or social media hype.

• In a frothy market, even weak businesses can look like winners for a while. But as Gensol proved, what goes up without fundamentals often crashes harder.

🧭 The Investor’s Compass

Kedia’s message is clear:

✅ “Don’t just follow the price-follow the process.”
✅ Study the business, not just the buzz.
✅ And above all, trust signals over stories.

ONEZERO-F ACADEMY

The $1,000 Book That Made Warren Buffett a Billionaire

Warren Buffett's Favorite Childhood Book Revealed: The Secret That Shaped a Billionaire Mindset

Warren Buffett’s favorite childhood book, "One Thousand Ways to Make $1,000", wasn’t just a good read-it was the blueprint that helped shape the world’s most legendary investor.

This 1936 gem taught young Buffett the magic of compounding, the power of hustle, and the art of turning ideas into income.

▪️ The Book That Sparked a Billionaire: “One Thousand Ways to Make $1,000” by F.C. Minaker deeply influenced Buffett as a child. He borrowed it from the Omaha public library and said it changed his life.

▪️ Business Seeds at an Early Age: The book ignited Buffett’s entrepreneurial spirit. From selling chewing gum and Coca-Cola to running pinball machines, Buffett started hustling before he was a teen.

▪️ Lesson in Compound Interest: The book highlighted how money could grow over time through smart investments-instilling in Buffett a lifelong obsession with compounding.

▪️ Think Like an Owner: The book encouraged ownership over employment, nudging Buffett toward owning businesses, not just working for them-a philosophy central to Berkshire Hathaway.

▪️ Frugality + Vision: It aligned with Buffett’s values of saving, reinvesting, and seeking value-principles he later refined under Benjamin Graham but seeded through this early book.

▪️ Still Relevant Today: The book’s core idea-"find a way to create value and repeat it"-remains the heart of Buffett's approach and a timeless lesson for aspiring entrepreneurs and investors.

SOCIAL MEDIA SPEAKS

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