November 21, 2025 : Indian markets continued their positive momentum for the week ended November 21. Both the major equity indices (Nifty 50 and the BSE Sensex) surged 1.60% and 1.1%, respectively. The Nifty Bank also saw a slight increase of 0.80% during the week as the financial stocks remained stable during the week. The global markets also played a supportive role for the Indian markets as the S&P500 added 0.4% and the EU’s STOXX Index went up by 0.6%. Japanese Nikkei also went up by 1.2%, strengthening the overall risk appetite (global). Sector and Stock Movements Among the week’s standout performers, Groww (Billionbrains Garage Ventures Ltd.) delivered a sharp rally after hitting a fresh all-time high, driven by strong investor accumulation. Other notable gainers included Ion Exchange, IIFL Securities, Master Trust, and APM Industries. However, the market also saw pressure on selected counters. Hindalco Industries slipped around 2.5% following a weak closing on Friday. Aarti Industries, Apollo Pipes, Innovana Thinklabs, and Prudent Corporate Advisory Services also declined during the week.

Master Capital Services, a subsidiary of Master Trust, has received in-principle approval from SEBI to sponsor a mutual fund. This allows the company to proceed with forming an Asset Management Company and launching various equity, hybrid, and multi-asset schemes. The move aligns with India's growing mutual fund industry and Master Trust's goal of expanding access to managed investment products.

In this briefing: Primer: Psc Insurance (PSI AU) - Oct 2025 Asian Equities: Divergent EPS Trajectory, Narrowing Valuation Spread; KR-TW Leading EPS Upgrades CBA, ANZ, Westpac, NAB: Volatility Runs High Ahead of Imminent Catalysts Aureka Limited - Drilling Results Highlight Potential Upside Primer: Insignia Financial (IFL AU) - Oct 2025 1. Primer: Psc Insurance (PSI AU) - Oct 2025 PSC Insurance Group is a diversified insurance intermediary with a strong track record of growth through both organic expansion and strategic acquisitions, operating primarily in Australia, the UK, New Zealand, and Hong Kong. The company was recently acquired by The Ardonagh Group, a global insurance broking powerhouse, in a landmark A$2.3 billion transaction. This is expected to significantly enhance PSC's scale, global reach, and competitive positioning. PSC's business model is focused on providing a wide range of insurance broking and underwriting agency services to small-to-medium enterprises (SMEs) and corporate clients, generating revenue primarily from commissions and fees.

… market fall. “Indians have missed investing in commodity ETFs like silver and gold … trading derivatives. “New-to- market investors should not be allowed to trade … Disclaimer: Business Today provides stock market news for … construed as investment advice. Readers …

New Delhi [India], May 19: Master Trust, a distinguished financial services group with a four-decade legacy, commemorated its 40th anniversary by launching a meaningful initiative in collaboration with Deepalaya, a non-profit organization dedicated to education, health, and empowerment in underserved communities. The joint initiative focuses on two core areas: expanding access to education and improving classroom infrastructure during the summer months.