Sebi proposes reducing mandatory disaster recovery drills for market infrastructure institutions. These drills will now require at least four hours on a non-working day. The regulator also plans to strengthen operational resilience through comprehensive stress testing. MIIs must regularly test fault tolerance and proactively monitor system limits. Public comments on these proposals are due by October 5.
Indian equity markets closed lower on Tuesday, extending their monthly decline. Nifty50 reached a key support level, indicating a potential technical bounce. Several companies, including Yes Bank and Vedanta, are expected to be in focus. Bharat Forge and BHEL announced significant collaborations and joint ventures. Other firms reported regulatory updates and investment plans for future growth.
US stocks fell as rising oil prices and Treasury yields added pressure to markets ahead of the Federal Reserve’s expected rate hike. Brent crude climbed to $109.35 a barrel, while the 10-year Treasury yield crossed 5%, raising concerns over inflation, borrowing costs and stretched stock valuations.
Oil prices jump more than $3 as Saudi Arabia suspends oil loadings at Yanbu and Libya halts output at three oil fields. Supply concerns deepen as traffic through the Strait of Hormuz falls, while attacks on energy infrastructure in Russia and Ukraine push US diesel futures to a more than four-year high.
SS Retail has secured Rs 146 crore from anchor investors before its upcoming IPO. Domestic mutual funds were the largest participants in this anchor book allocation. The company will open its initial public offering for subscription on September 16. SS Retail operates as a multi-brand retail chain for electronics and mobile phones. Anand Rathi Advisors and Emkay Global Financial Services are managing the IPO process.
Treasury yields climbed significantly on Tuesday, reaching their highest levels since 2007. Rising oil prices and global inflation pressures are fueling these market movements. Investors anticipate the Federal Reserve will soon implement its first interest rate increase. This potential hike aims to address persistent inflation concerns across the economy. Bond markets worldwide are experiencing similar upward trends in yields.
Hero Motors secured Rs 300 crore from anchor investors before its upcoming IPO. The company plans to raise Rs 1,000 crore through a mix of fresh issue and offer for sale. Proceeds will fund debt repayment, capital expenditure, and potential acquisitions. The automotive technology firm designs and manufactures powertrain solutions for various vehicles. Its IPO opens for public subscription on September 16 and closes on September 18.
Domestic markets face pressure from high crude oil prices, rising bond yields and foreign outflows. Analysts recommend Acme Solar, Emcure Pharma and Prime Focus for potential gains, while Bharat Dynamics faces a bearish outlook after breaking key support levels.
Sebi has proposed tighter business continuity and disaster recovery norms for market infrastructure institutions, including shorter mock drills, stronger data centre stress testing, improved configuration controls and enhanced data recovery mechanisms to strengthen resilience against operational disruptions.
US stocks were subdued on Tuesday as AI shares steadied after a global selloff, while rising oil prices and Treasury yields kept investors cautious. The Federal Reserve is widely expected to raise interest rates on Wednesday as the Iran conflict pushes energy prices higher and threatens to keep inflation elevated.
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