Latest Stock Market News

The British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK s borrowing costs surged, impacting sterling, while Japan s yen weakened following a ruling party official s resignation announcement. This boosted the dollar against other currencies. Investors are also closely monitoring upcoming U.S.

Oil prices are stable in Asian trading. The market is awaiting the OPEC+ meeting. U.S. imposed sanctions on companies smuggling Iranian oil. U.S. crude oil stockpiles are expected to fall. Economic data is soft. China is holding a military parade. Xi Jinping, Vladimir Putin and Kim Jong Un are attending. China is challenging the U.S. with a new global order.

Sneha Organics s Rs 33 crore IPO share allotment is expected soon. Investors can check their status on Skyline Financial Services website. The IPO opened on August 29 and closed on September 2, with decent subscription. Refunds for non-allottees start September 4. Shares will be credited on the same date. The stock will list on NSE SME on September 5.

Current Infraprojects is set to debut on the NSE SME after a highly successful IPO, oversubscribed by 379 times. The IPO, priced at ₹80 per share, saw significant interest from retail, NII, and QIB investors.

Austere Systems, an IT company, launches its IPO on Wednesday. The IPO aims to raise Rs 15.57 crore. It has already generated significant interest in the grey market. The IPO will remain open until September 8. Allotment is expected the following day. Listing on the BSE SME platform is tentatively scheduled for September 11.

State Bank of India raised $500 million via bonds at the tightest pricing ever for an Indian entity, capitalizing on India’s recent credit rating upgrade. The issuance, 30 bps tighter than initial guidance, highlights strong global investor appetite.

Sebi is tightening intraday position limits in equity index derivatives starting October 1, aiming to curb volatility and potential market manipulation, especially on expiry days. The new framework sets a ₹5,000 crore intraday net futures-equivalent position limit in index options, down from the existing ₹1,500 crore end-of-day cap.

Experts suggest Jana SFB and Ujjivan SFB may bypass the promoter ring-fencing requirement for universal bank licenses, unlike AU SFB. Jana already has a listed holding company, while Ujjivan is fully publicly held after a reverse merger. This transition offers benefits like reduced capital adequacy and priority sector lending targets, enhancing their branding and deposit mobilization.

Smartworks Coworking Spaces has shown strong performance since its IPO, gaining 29%, driven by robust June quarter results. With 1.1 million sq ft of space to be handed over soon, the company anticipates margin growth in the second half of FY26. They are targeting 30% revenue growth in FY26, leveraging an expanding operational footprint and long-term client relationships.

Indian borrowers are increasingly seeking larger loans, fueled by easier retail credit access from public sector banks and NBFCs, while private banks exercise caution. Gold loans surge due to high prices, led by public sector banks in value and NBFCs in small-ticket lending. Home loans see public sector banks expanding market share with big-ticket loans.