An uptrend signal occurs when the RSI crosses above 50 from below. “RSI Trending Up†indicates that the Relative Strength Index (RSI) is rising, signalling strengthening price momentum.
Hero Motors’ Rs 1,000 crore IPO received healthy investor interest, reaching 1.39-times subscription on its first day, led by retail investors. Priced at Rs 79–Rs 84 per share, the issue carries a grey market premium of around Rs 13, suggesting a potentially positive listing.
Two NSE SME IPOs — Kheria Autocomp and SpectraA Technology Solutions — open for subscription on September 17 and will close on September 21. Kheria Autocomp’s Rs 46.44 crore issue has a GMP of Rs 10, indicating a potential 9.90% listing gain, while SpectraA has a much stronger Rs 50 GMP, implying a 42.37% gain. Kheria’s IPO is entirely a fresh issue of 45.98 lakh shares, with listing expected on September 24.
Four Nifty500 stocks closed more than 2.5% above their respective VWAPs on September 16, according to StockEdge’s technical scan data. Welspun Corp, BEML, Syrma SGS Technology and Urban Company featured in the scan.
Reliance Industries will remain in focus after the government cut windfall taxes on petrol, diesel and ATF exports. The company, a major exporter of ATF and diesel, is also raising Rs 12,500 crore through a five-year bond issue amid continued volatility in oil prices.
Manika Plastech is expected to finalise its IPO allotment today after the Rs 125.50 crore issue was subscribed 29.5 times. Its current GMP indicates a potential 5% listing gain ahead of the stock’s scheduled debut on September 21.
Shares of GR Infraprojects fell 2% after the company issued a notice to terminate its contracts with NTPC for a Battery Energy Storage System project at Mouda Super Thermal Power Station. The termination follows continuing force majeure and war-risk circumstances, along with contractual issues. GR Infraprojects has invoked the dispute resolution mechanism and is assessing the financial impact of the move.
HDFC Bank’s stock has fallen 27% in 2026, while ICICI Bank has gained 1.6%. Yet mutual funds have increasingly favoured HDFC Bank, adding to the laggard while trimming ICICI Bank. By August-end, ICICI Bank remained the larger mutual-fund holding, but the recent flow pattern signals a shift in preference as investors assess HDFC Bank’s valuation and recovery potential.
Goldman Sachs now expects the US Federal Reserve to raise interest rates by another 25 basis points in October, revising its earlier view that the central bank had completed its tightening cycle after a September rate increase.
Manipal Payment & Identity Solutions made a weak stock market debut after its Rs 805-crore IPO was subscribed 1.26 times overall. The shares opened at a discount to the issue price on both the BSE and NSE. The IPO comprised a fresh issue and an offer for sale, with proceeds earmarked primarily for capital expenditure across the company’s manufacturing facilities.
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