Latest Stock Market News

Airfloa Rail Technology s SME IPO, oversubscribed 300 times, has generated significant investor interest, indicated by a 125% GMP. Despite this enthusiasm, exchange regulations limit first-day gains to 90% above the issue price, preventing immediate doubling. However, strong demand and the company s involvement in key railway projects suggest potential for further appreciation in subsequent trading sessions.

Urban Company share price: Urban Company s IPO made a strong debut, listing at a significant premium due to high demand from institutional and retail investors. The company plans to use the IPO proceeds to enhance technology, expand services, and grow geographically. Analysts suggest holding the stock for long-term gains, citing Urban Company s strong market position and growth potential in the tech-enabled home services sector.

Indian government bond yields are expected to remain stable as the market anticipates the U.S. Federal Reserve s monetary policy decision. Traders are closely watching for signals about future rate cuts, especially regarding the quantum of cuts expected between October and December. Locally, focus shifts to the upcoming debt supply calendar, with a benchmark bond sale scheduled for Friday.

Japanese government bonds see strong investor interest. An auction of 20-year JGBs witnessed robust demand. The bid-to-cover ratio reached 4.00. This is the highest level since May 2020. The previous auction in August saw a ratio of 3.09. This indicates increased confidence in Japanese debt. Market analysts are watching the trend closely. The development suggests a shift in investor sentiment.

Euro Pratik Sales IPO witnessed 47% subscription on its second day, driven by strong NII interest at 91%. The grey market premium saw a slight uptick to 2.5%. The IPO, a complete offer for sale, is priced between Rs 235-247. The company, a leading wall panel brand with robust financials and international presence, aims to list on September 23, 2025.

Redington Limited s shares are up because of the upcoming iPhone 17 sales. Pre-orders are happening now, and sales start on September 19. The stock has increased significantly in two days. Redington handles the supply chain for Apple products. The company reported profit and revenue growth in the first quarter. However, technical indicators suggest a possible near-term pullback.

Eureka Forbes shares experienced a surge following Nuvama Institutional Equities initiating coverage with a Buy rating, projecting a 20% upside. The brokerage highlights the company s dominant market share in water purifiers and vacuum cleaners, alongside a strong after-sales service network.

Bitcoin price increased by nearly one percent, trading at $116,364. Ethereum decreased slightly to $4,486. Analysts say the crypto market is gaining momentum as the US Federal Reserve is expected to cut rates. Bitcoin is near $117,000, and Ethereum is rebounding. Experts suggest that Bitcoin may test new highs soon. The overall cryptocurrency market capitalisation is around $4.03 trillion.