Market News

Canara Bank to raise Rs 4,500 crore via AT-1 bonds next week

Canara Bank plans to issue Basel III-compliant Additional Tier-1 (AT-1) bonds worth up to Rs 4,500 crore next week at an expected coupon of 7.85%-7.90%. The bond offering forms part of the bank's broader Rs 8,500 crore capital-raising strategy for the fiscal year.

Sebi Launches Demat 2.0 Pilot for Tokenised Corporate Bonds

India's Securities and Exchange Board (Sebi) has initiated a Demat 2.0 pilot programme enabling tokenised corporate bonds settled via distributed ledger technology and wholesale e-rupee. Three major entities—REC, L&T, and IIFL—have already raised Rs 1,025 crore under this framework, with subsequent phases planned to introduce secondary market trading and retail investor participation.

Welspun Corp leads smallcap rally with 51% monthly surge

Six stocks in India's BSE 250 Small-cap Index reached 52-week highs as the Sensex closed up 138 points at 74,902, with Welspun Corp posting a 51% monthly gain. The broad-based rally in small-cap stocks signals renewed investor interest in higher-risk segments of the Indian equity market.

Sumadhura Group to deploy Rs 17,000 crore in realty expansion

Sumadhura Group announced plans to invest Rs 17,000 crore by March 2030 across housing, commercial projects, and land acquisitions. The company aims to develop a 45 million square feet pipeline across three major urban centers, primarily targeting residential units.

Kolte-Patil Developers sells 600 flats for Rs 600 cr in 60 hours

Kolte-Patil Developers reported selling over 600 apartments valued at more than Rs 600 crore within 60 hours of launching its Pune project, Vyana at The Reserve. The rapid sale demonstrates strong demand in the residential real estate market and consumer confidence in the developer's brand.

US Stock Futures Rally Ahead of Inflation Data Release

US stock index futures attempted a recovery as markets positioned ahead of a key inflation report, according to reports. The movement reflects traders' focus on economic data that could influence Federal Reserve policy direction.

India Bond Market Steadies Amid Global Rout Fueled by Oil

Indian government bonds outperformed global peers on Wednesday despite a broad international bond selloff driven by rising oil prices and supply chain concerns, supported by surplus liquidity in the banking system. The Reserve Bank of India may employ liquidity-reducing measures as market participants await inflation data and central bank policy decisions.

Sebi completes Demat 2.0 bond pilot phase; secondary trading next

India's Securities and Exchange Board (SEBI) has completed the initial phase of its Demat 2.0 pilot program for corporate bonds and will proceed to integrate secondary-market trading into the new framework, according to an announcement by SEBI Chairman Tuhin Kanta Pandey. The rollout represents a significant step in modernizing India's bond market infrastructure and settlement processes.

Nasdaq to invest $100M in Kraken parent for tokenized equities

Nasdaq announced a $100 million investment in Payward, Kraken's parent company, to build infrastructure for trading tokenized equities launching in 2027. The initiative reflects major financial infrastructure players moving into blockchain-based securities trading to capture emerging demand.

Sebi settles disclosure violations against Adani Ports executives

India's Securities and Exchange Board (Sebi) has resolved disclosure breach allegations against Adani Ports' CEO and CFO, with each executive settling by paying 1.37 million rupees without admitting fault. The settlement concludes a probe into banking operations and inter-corporate security deposits that was triggered by concerns over financial reporting violations.

Sebi settles disclosure violation charges against Adani Ports executives

India's Securities and Exchange Board (Sebi) has settled disclosure violation charges against the Chief Executive Officer and Chief Financial Officer of Adani Ports and Special Economic Zone Ltd (APSEZ). The settlement concludes an investigation into banking transactions and inter-corporate security deposits involving APSEZ, its subsidiaries, and PMC Projects (India) Private Limited.

Sonaselection India IPO launches at Rs 94-99 per share

Sonaselection India, a Rajasthan-based fabric manufacturer, is launching its initial public offering on September 17 with a price band of Rs 94-99 per share, targeting a raise of approximately Rs 141.6 crore. The company plans to allocate IPO proceeds toward debt repayment, machinery acquisition, and general corporate purposes ahead of its listing on NSE and BSE.

Sebi Retains Closing Auction Session but May Revise Derivatives Settlement

Sebi Chairman Tuhin Kanta Pandey confirmed the Closing Auction Session will remain in place while the regulator reviews derivative settlement price calculation methods to address trader concerns about sharp expiry-day volatility. The announcement came after the Sensex experienced significant swings, though index provider MSCI reported its recent rebalancing proceeded smoothly under the new framework.

Indian Equities Edge Higher Despite Oil Surge and Global Headwinds

Indian stock markets closed marginally higher on September 10, with the Nifty gaining 0.20% and Sensex rising 0.19%, even as Brent crude approached $102 per barrel and global sentiment remained weak. Technical analysts identified 23,600 as a key resistance level for the Nifty amid continued market pressure, while HDFC Life, Power Grid, HCL Tech, and Hindalco emerged as top movers on the benchmark indices.

Kahneman on investor bias: Why we sell winners too soon

Behavioral economist Daniel Kahneman highlights how investors tend to sell profitable stocks prematurely while holding onto losses, driven by the desire for immediate gratification. The insight underscores how loss aversion and emotional attachment to past prices distort investment decisions rather than rational assessment of future fundamentals.

Bitcoin Consolidates Near $78,000 Ahead of US Inflation Data

Bitcoin traded near $78,000 on Thursday as investors awaited key US inflation data and the Federal Reserve's September 16 rate decision announcement. The cryptocurrency remained range-bound amid macroeconomic uncertainty, with analysts noting that upcoming economic data and geopolitical tensions could determine the market's next directional move.

Rupee Weakens 38 Paise to 95.46 Against US Dollar

The Indian rupee depreciated by 38 paise to close at 95.46 per US dollar on Thursday, driven by elevated Brent crude oil prices above USD 102 per barrel amid offsetting currency pressures. The rupee's decline reflects conflicting market dynamics including portfolio outflows and elevated energy costs, even as domestic equities advanced.

Copper Rally Signals Mining-Smelting Mismatch, IPCPA Reports

Copper prices have reached record levels as global supply imbalances emerge between constrained mining operations and expanding smelting capacity, according to reports from the International Precious Metals Institute and Copper Producers Association. The structural mismatch, compounded by anticipated US tariff impacts, poses challenges for inventory management as copper demand continues to rise.

IndiGo shares fall 8% as oil prices surge; Ambit maintains buy rating

InterGlobe Aviation shares declined 8% over the past month as crude oil prices exceeded $100 per barrel, limiting near-term upside potential. Despite these headwinds, Ambit Capital retained its buy recommendation, citing the airline's market-share gains and robust aircraft order book, though flagging fuel, forex, and competitive risks.

India's Sensex, Nifty reverse losses to close higher despite oil surge

India's benchmark indices, Sensex and Nifty, closed positively on Thursday with the Sensex gaining 138 points and Nifty trading above 23,450, reversing intraday losses and ending a three-day decline. The recovery was driven by gains in major stocks including Power Grid and Axis Bank, which each surged nearly two percent, along with contributions from UltraTech Cement and NTPC.