Eight BSE 100 Largecap TMC stocks hit fresh 52-week lows despite the Sensex gaining 332 points on Wednesday. Shree Cement, Maruti Suzuki, IRFC, Britannia, Ambuja Cements, Godrej Consumer, Bank of Baroda and Muthoot Finance recorded new yearly lows.
Tata Group stocks tumbled on Wednesday as investors likely booked profits after the previous session’s sharp rally, which was driven by renewed expectations of a potential Tata Sons IPO.
Power capex stocks such as GE Vernova T&D India, CG Power, Hitachi Energy and TD Power Systems fell up to 16% over two sessions amid growing caution around AI development. The stocks had rallied sharply in 2026 on expectations of rising power demand from India’s data centre boom, making them vulnerable to sentiment shifts.
Jindal Supreme IPO opened on September 16 with the issue subscribed 2.10 times on Day 1. The Rs 124.88 crore issue has a price band of Rs 88–Rs 93, while the IPO’s grey market premium stands at around 29%.
The US Federal Reserve is widely expected to raise interest rates for the first time in three years, as persistent inflation, higher oil prices and rising bond yields add to pressure on policymakers. The move could have implications for Indian equities, the rupee, bond yields, gold and foreign investor flows, with the Fed’s forward guidance likely to remain crucial.
Crypto markets weakened after the US Senate failed to advance the CLARITY Act, but the selloff came amid a broader risk-off environment. Bitcoin fell around 3-4%, while crypto-linked equities saw sharper declines. The regulatory setback added pressure, but elevated bond yields, oil prices and macroeconomic uncertainty also weighed on sentiment.
Federal Reserve Chair Kevin Warsh is under pressure to balance persistent inflation with calls from President Donald Trump for lower or unchanged interest rates. Markets expect the Fed to raise rates at Wednesday’s meeting as inflation remains above its 2% target. The Fed’s preferred inflation gauge rose to 3.7% in July from 2.3% in April 2025, while core inflation increased to 3.3%, reinforcing concerns over continued price pressures.
Chipotle shares fell nearly 6% on Tuesday, underperforming major restaurant peers. Broader market weakness, concerns over restaurant traffic, consumer spending and profit-taking weighed on investor sentiment.
Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfer funds without trading. He said brokers may struggle to absorb the costs indefinitely, particularly under quarterly settlement rules, and suggested a lower MDR with a transaction-level cap.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.