The Economic Times

The yen declined against major currencies after the Bank of Japan raised interest rates. Japan's core inflation remained steady near the central bank's target. The British pound held at a two-and-a-half-month low after the Bank of England's decision. The Aussie dollar advanced as inflation risks materialized for policymakers. Bitcoin and ether saw modest gains in cryptocurrency trading.

Four Nifty500 stocks closed more than 1.5% above their respective VWAPs on September 17, signalling that the stocks ended the session above their volume-weighted average traded prices, according to StockEdges technical scan data.

Elevate Campuses has set a price band of Rs 343362 per share for its Rs 2,100 crore IPO, opening on September 23. The company plans to use the proceeds primarily for acquisitions and debt repayment after reporting strong growth in FY26 revenue and profit.

Tata stocks dropped significantly after Tata Trusts declared Chandrasekaran's reappointment illegal. The Reserve Bank of India rejected Tata Sons' request to remain private. Tata Trusts controls a majority stake and opposes the holding company's IPO. Noel Tata voted against the reappointment, suggesting alternative compliance methods. The deferred Annual General Meeting is now crucial for Chandrasekaran's directorship.

For DEE Development Engineers, the focus is now shifting from a largely capex-led expansion phase towards capacity utilisation, execution, asset turns and stronger operating cash flows.

After years of outperformance by the broader market, Ravuri says largecaps now offer better valuation comfort, earnings visibility and room for recovery.

InterGlobe Aviation, IndiGos operator, raised charges for domestic ancillary services, including infant travel, excess baggage and priority check-in and boarding. The revisions increase passenger costs beyond base fares. IndiGo had reported a Rs 238 crore Q1 FY27 loss amid higher fuel expenses, despite strong revenue growth and expanding domestic and international operations.

Moody's has increased India's economic growth forecast for 2026-27 to seven percent. This projection now exceeds estimates from the IMF and S&P Global. Strong domestic economic activity and resilient corporate balance sheets support this upward revision. India's real GDP grew robustly in the preceding years, showing sustained momentum. The agency expects India's growth to continue its upward trajectory.

Bharat Electronics (BEL) secured additional orders worth Rs 648 crore since late August, covering defence technologies including laser-based IR jammers, communication equipment, cybersecurity solutions and AI software. The orders follow significant recent wins and come amid large defence procurement approvals. BEL shares have delivered strong long-term returns but remain under pressure in recent months.

A report details West Bengal's path to a fivefold economy by 2047. It identifies growth gaps and proposes six pillars for development. The state budget aligns with productivity and capital formation goals. Investment incentives and single window clearance aim to boost realization. Infrastructure and federal alignment are key steps for future growth.

JioBlackRock Mutual Funds Balanced Advantage Fund uses a rules-based model combining global risk sentiment with four local signals to determine equity allocation. The model then evaluates 250 stocks across six factors, including momentum, value, quality and sentiment. BlackRocks Aladdin platform weighs alpha, risk and trading costs to build a portfolio of 50-75 stocks.

Indias coffee culture is expanding beyond cafes and coffee chains, creating opportunities across beauty, homeware, luxury hospitality, whisky and experiential retail. Brands such as mCaffeine, Westsides Studiowest, Nestasia, Tira, Amrut Distilleries and Taj Palace are tapping coffees lifestyle appeal through skincare, fragrances, tableware, coffee-cask whisky, cafes and premium experiences, as consumers increasingly embrace coffee as a cultural and lifestyle trend.

The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow.

Hero Motors IPO enters its final bidding day with 3.37x subscription by Day 2, led by strong retail demand. The 1,000 crore issue is priced at 7984, while grey-market premium indicates a potential 7% upside. Funds will support debt repayment, capacity expansion and acquisitions, with analysts highlighting its automotive technology and EV exposure.

Sonaselection India IPO enters Day 2 with 47% subscription on the opening day, led by retail investors. The Rs 141.57-crore issue, priced at Rs 9499 per share, is open until September 21, with shares set to list on September 24.

LNG Canada partners may decide on a Phase 2 expansion next month. This expansion would double the facility's export capacity to twenty-eight million metric tons. Asian buyers seek supply security amid global shipping disruptions and conflicts. Tight global markets and demand growth drive interest in new LNG projects. Indigenous communities have an option to invest up to one billion Canadian dollars.

Four Nifty500 stocks that gained over 5% on September 17 were highlighted in the RSI Trending Up scan, based on data from StockEdge. HDFC Life Insurance Company, Vijaya Diagnostic Centre, New India Assurance and Paradeep Phosphates recorded rising RSI values.

Merriam-Webster has added 1,400 new words and definitions to its online dictionary. These additions include internet slang, AI terminology, and modern lifestyle expressions. Terms like 'vibe coding', 'AGI', and 'parasocial' now feature in the recognized lexicon. Food trends and everyday life expressions also received new entries. This update reflects language's evolution across technology and popular culture.

The Rs 210-crore public issue was priced at Rs 140 per share and comprised entirely of a fresh issue of 1.50 crore shares. Since the IPO had no offer-for-sale (OFS) component, the proceeds will go directly to the company.

Nabfid is sanctioning significant loans for India's growing data center infrastructure needs. These facilities support the nation's push for artificial intelligence and cloud computing capacity. The lender anticipates continued strong demand from hyperscalers and cloud service providers. Nabfid plans to raise approximately Rs 1 trillion to fund these large projects. This financing aligns with India's broader infrastructure investment in the digital economy.

In a significant policy shift, the Bank of Japan has raised interest rates to a 31-year high of 1.25 percent, a widely anticipated decision aimed at curbing inflation. The board's vote was split seven to two, with Toichiro Asada and Ayano Sato expressing dissent. Governor Kazuo Ueda is scheduled to discuss the reasoning behind this move during an upcoming news conference.

India faces a busy day at the Asian Games 2026 with multiple sporting events. The Indian women's cricket team begins its gold medal defense against hosts Japan. Soft tennis and teqball athletes will also compete in various categories throughout the day. India enters the cricket tournament as a top contender after winning the Asia Cup. This match marks the first encounter between the Indian and Japanese women's cricket teams.

Subscription opens on September 18, 2026, and closes on September 22, 2026, with allotment expected on September 23 and listing on the NSE SME tentatively scheduled for September 25, 2026.

As per Sebi's T+1 settlement norm, investors need to buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action.

All four issues closed their subscription windows on September 15, with allotments finalized on September 16, and are now scheduled to begin trading on the BSE SME exchange.

Retail investors have shown particularly strong interest, with the portion reserved for them subscribed 39.74 times. The retail category has 46.99 lakh shares on offer.

India is grappling with a funding shortfall as long-term liabilities are rapidly decreasing. With bank deposits and debts maturing in less than three years, crucial infrastructure projects requiring decades of support are at risk. To counter this issue, insurance and pension products are proposed to generate longer-term liabilities for investment, alongside tax incentives targeted at long-term savings.

In the Nifty500 pack, 11 stocks' closing prices crossed above their 200-day moving averages (DMA) on September 17, 2026, according to StockEdge's technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.

The IPO, a book-built issue worth Rs 500 crore, comprises a fresh issue of 85.08 lakh shares aggregating to Rs 360 crore and an offer for sale (OFS) of 33.02 lakh shares worth Rs 140 crore.

Crude Oil Price Today : Markets largely looked past the latest threats to supply, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday, widening the conflict's regional footprint.

At least 48people have died in southern Nigeria after consuming a local alcoholic drink. Around one hundred others are receiving medical treatment for suspected methanol poisoning. Officials reported the incident occurred in Odigbo and Irele local government areas. Police have arrested fifteen individuals in connection with the deadly concoction. Investigations are ongoing into the production of the unsafe drink.

On Thursday, six companies entered the stock market. LCC Projects and Karamtara Engineering opened with premiums over their respective issue prices. Meanwhile, Rentomojo and Steamhouse India experienced positive gains on the NSE. The Asset Reconstruction Company had a flat debut, while Manipal Payment and Identity Solutions slightly dipped at listing compared to its issue price.

As the National Stock Exchange IPO enters its second day of bidding, it has shown stable investor engagement. Observations in the grey market reveal optimistic listing gain predictions. Brokerage firms are largely recommending subscriptions, emphasizing the NSE's robust market position. Nevertheless, investors need to weigh valuation and regulatory concerns when contemplating this opportunity.

The Federal Reserve has made headlines by increasing its policy rate target range, amid calls from President Trump for lower interest rates within the country. Market analysts are now predicting further increases in the coming months, influenced by ongoing geopolitical issues and inflation worries. Such dynamics hint that interest rates might remain high for the foreseeable future.

Gold prices witnessed a small rise on Friday, influenced by lower oil costs and a softer dollar backdrop. Traders remain vigilant regarding the evolving situation in the Middle East and global monetary policy trends. The US Federal Reserve has indicated potential interest rate increases in the months ahead, with other central banks, like the Bank of England and Bank of Japan, also focusing on inflation.