LCC Projects made a strong stock-market debut after its Rs 427.14 crore IPO. The shares listed at Rs 191.90 on the NSE, a 31.44% premium, and at Rs 189 on the BSE, a 29.45% premium over the issue price of Rs 146.
The US Federal Reserve’s quarter-point rate hike could raise borrowing costs for credit card and adjustable-rate mortgage borrowers while benefiting savers and new bond investors. Here’s how the latest Fed move could affect household finances.
Federal Reserve Chair Kevin Warsh said rising bond yields reflect economic strength, heavy capital investment in AI and data centers, and geopolitical uncertainty rather than persistent inflation concerns or doubts about the Fed’s credibility. He emphasized that financial markets inform policymakers but do not dictate decisions, following the Fed’s recent 25-basis-point rate hike.
Glass Wall Systems shares rallied 12% on Thursday, extending gains after a 7% premium listing and an 18% rise on debut. Analysts highlighted project execution, earnings growth, margins and cash-flow generation as key factors to watch.
Highway Infrastructure shares rose nearly 5% to Rs 45.90 after the company secured a Rs 220.66 crore contract from UPEIDA for toll collection and plaza operations on the Gorakhpur Link Expressway. The two-year order includes annual escalation. The company also recently secured an Rs 80.16 crore Tamil Nadu toll plaza project.
IFCI, New India Assurance and other stocks rallied after the Rs 22,569 crore NSE IPO opened for subscription. The companies have direct or indirect exposure to NSE, with several shareholders also selling stakes through the offer-for-sale. NSE’s IPO comprises 12.64 crore shares and is open for bidding until September 21.
Krsnaa Diagnostics shares surged after the company signed a 15-year concession agreement with Punjab Health Systems Corporation. The pact marks its entry into PET-CT diagnostics, with the company set to develop and operate facilities at four government hospitals in Punjab under a PPP model.
Japan’s Nikkei edged higher as investors bought beaten-down gaming and pharmaceutical shares, while falling crude oil prices supported sentiment. Gains remained limited as chip stocks fell and investors awaited the Bank of Japan’s policy decision.
NSE’s Rs 22,569-crore IPO has opened for subscription, valuing India’s largest stock exchange at nearly $46 billion at the upper price band. At 42.9 times FY26 earnings, NSE commands a higher valuation multiple than most major global exchanges, including Nasdaq, CME Group, ICE, HKEX and LSEG. Analysts attribute the premium to NSE’s profitability, market dominance and India’s long-term capital market opportunity.
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