Sedemac Mechatronics may see a block deal of up to 44.3 lakh shares, representing 10% equity, as investors seek approximately Rs 1,329 crore. The reported Rs 3,000 floor price is below Wednesday’s close, with shares subject to a 60-day lock-in.
Seven healthcare stocks hit fresh 52-week highs on Wednesday, led by Anlon Healthcare, which gained 108% in a month. Kopran, Kilitch Drugs, Innova Captab and others also posted strong recent gains.
Singapore’s attempt to boost US stock trading during Asian hours has seen subdued volumes, highlighting challenges from competing products, limited investor familiarity and growing efforts to enable round-the-clock access to US equities.
British business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensified. Manufacturing improved modestly, but overall growth remained subdued. Weak hiring and business confidence, alongside higher borrowing costs, complicate the government’s outlook ahead of the October budget and increase pressure on the Bank of England.
Whirlpool of India shares surged 20% to hit the upper circuit at Rs 865.35 after reports indicated promoter Whirlpool Mauritius may sell its entire remaining 39.76% stake. The potential stake sale, reportedly involving major investors and a multinational consumer durables company, follows years of promoter stake reduction and drove strong buying interest.
Kotak Alternate Asset Managers has closed its Kotak Yield & Growth Fund at Rs 5,000 crore, raised entirely from domestic investors. The Category II AIF attracted institutional investors, family offices and UHNIs, targeting private credit, real assets and selective growth opportunities.
New York Fed official Roberto Perli said the Federal Reserve has maintained effective control over short-term interest rates and sufficient reserves. He said Treasury bill purchases remain flexible and could resume if liquidity conditions require support, while reserve forecasts remain reliable. The comments highlight the Fed’s focus on policy implementation and market functioning.
Grab Holdings executives purchased over $30 million in shares to boost investor confidence following a 50% stock decline. The sell-off occurred after Grab announced plans to acquire buy-now-pay-later provider Atome Financial in a deal valuing it up to $4.5 billion, alongside a $900 million share buyback.
European shares rose on Wednesday as falling oil prices boosted sentiment, while investors awaited eurozone PMI data for clues on economic health. Aerospace and defence stocks led gains. KWS fell after weaker-than-expected annual sales, while Adyen slipped following its CFO appointment. European energy stocks gained despite lower crude prices.
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