HDFC Bank has seen a sharp decline in foreign investor ownership since its merger with HDFC, reflecting concerns over slower growth, funding pressures, margins and leadership changes. FII holding has fallen from 52.13% in September 2023 to 41.82% in June 2026. While valuations have become more attractive, investors await clearer signs of improving growth, profitability and post-merger execution.
Global bond yields reached multi-year highs as oil prices surged, increasing inflation worries. Share markets tumbled worldwide on Friday due to these escalating economic pressures. Investors increased bets on further interest rate hikes by central banks globally. Rising Treasury yields put pressure on mortgage rates and government financing costs. This combination of factors signals increased volatility across financial markets.
BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an ‘Underperform’ rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.
ESDS Software Solution shares extended their post-listing rally to six sessions, surging 287% from the IPO price. Strong issue demand, rising investor optimism around data centres and improved FY26 profitability have added momentum to the stock.
NSE has reduced its IPO offer for sale to 12.64 crore shares from 14.89 crore shares, with eight shareholders cutting their proposed stake sale. The Rs 22,561 crore IPO will open on September 17, with shares priced at Rs 1,700-1,785.
Indian government bonds experienced a sharp decline in early trading on Friday. The benchmark ten-year bond yield climbed past seven percent, reaching a three-month high. This downturn occurred as rising oil prices and elevated US Treasury yields impacted investor sentiment. Brent crude oil surpassed one hundred eight dollars per barrel during this period. Simultaneously, the ten-year US Treasury yield hovered around four point nine seven percent.
Karamtara Engineering IPO entered its final day of bidding on September 11, with the issue subscribed 3.61 times by the end of Day 2 and the retail portion booked 3.28 times. The Rs 875-crore IPO, comprising a Rs 675-crore fresh issue and Rs 200-crore OFS, is currently commanding a GMP of around 27%, indicating positive listing expectations.
Qualiance International made a strong debut on the NSE SME platform, with shares listing 77% above the IPO price. The Rs 45.11-crore issue drew an exceptional 459.22 times subscription. Proceeds will primarily fund a new manufacturing facility in Tiruppur,
Sterlite Technologies secured US certification for its indoor optical fibre assemblies designed for AI data centres. The company is targeting Rs 20,000 crore revenue by FY29, while strong Q1 results and AI-led demand have driven a sharp rally in its shares.
NSE’s IPO is set to raise around Rs 22,662 crore, with the latest grey market premium at 11–12% after the exchange fixed its price band. The offer size has been cut to 12.64 crore shares, meaning it will not surpass Hyundai Motor India’s Rs 27,870-crore issue to become India’s largest IPO.
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