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NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO).

Crude oil futures remained range-bound on Wednesday amid weak global cues, trade tensions, and soft demand outlook. Analysts expect a bearish trend to persist despite temporary spikes, with MCX prices likely to stay within the ₹5,500–₹5,800 band

India’s IPO market is gearing up for a record-breaking H2 2025, with Rs 2.58 lakh crore in total pipeline. Major listings include Tata Capital, LG Electronics, Groww, and several tech startups across key sectors.

The IPO, set to open for subscription between July 29 and July 31, includes a fresh issue of 1.04 crore shares amounting to Rs 165.17 crore, along with an offer for sale of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders.

Amid the broader market optimism, six Nifty200 stocks touched fresh 52-week highs. on Wednesday.

Kumar Rakesh of BNP Paribas highlights the Indian IT sector s resilience and potential Gen AI impact. He anticipates Infosys outperforming peers with over 2% sequential growth, aided by acquisitions. Rakesh emphasizes monitoring management commentary for stable demand signals and guidance, favoring Infosys over TCS due to growth prospects and stable margins.

The Indian rupee weakened slightly, closing at 86.4075 against the U.S. dollar, supported by a strong Chinese yuan and exporter activity. Positive regional cues and gains in Indian equity markets, mirroring global optimism about easing trade tensions, helped limit the rupee s losses. However, stalled trade negotiations and foreign portfolio outflows continue to exert downward pressure on the currency.

Indian stock markets witnessed a positive close on Wednesday. Sensex and Nifty both surged, reflecting gains in Asian markets. This surge follows a trade agreement between the United States and Japan. Investors are optimistic about potential progress in India-US trade discussions. Market capitalization on the Bombay Stock Exchange also saw a significant increase. This positive trend indicates growing investor confidence.

Bajaj Housing Finance reported a 21% YoY increase in net profit, reaching Rs 583 crore for the June quarter, with total revenue from operations rising 18% to Rs 2,616 crore. The company s AUM grew by 24% to Rs 1,20,420 crore. Gross and Net NPAs stood at 0.30% and 0.13% respectively, with a capital adequacy ratio of 26.94%.

Sensex and Nifty rose on US-Japan trade optimism. Key stock movers included Kesar, MRPL, Ola Electric, CreditAccess, Lodha, Colgate, and Zee amid earnings, deals, and board updates.