Market Bizzz

Warren Buffett, known for his value investing, still drives his 2014 Cadillac XTS at 94. Despite his wealth, Buffett prioritizes utility over luxury, valuing his time more than a new car. He avoids the time-consuming process of car shopping, emphasizing quality and longevity.

Wall Street’s main indexes closed higher on Friday, securing a weekly gain fueled by FedEx’s strong earnings and positive sentiment in the technology sector. Optimism surrounding AI-linked stocks and the Fed’s anticipated rate cuts further boosted the market. However, concerns arose from a blocked funding bill and Lennar’s disappointing forecast, adding a layer of caution to the overall positive trend.

India’s foreign exchange reserves have surpassed $700 billion, reaching $702.966 billion after a $4.698 billion increase in the week ending September 12, according to RBI data. These reserves provide import cover for approximately 11.5 months.

SEBI has proposed that Alternative Investment Funds (AIFs) should report the value of their units to depositories. This move aims to leverage the depository infrastructure, requiring AIFs to maintain updated Net Asset Value (NAV) of units issued to investors. The NAV of all units must be uploaded within 15 days of investment portfolio valuation.

Saatvik Green Energy launches its Rs 900 crore IPO this Friday. The IPO will remain open until September 23. Allotment is expected on September 24, with listing on September 26. The company manufactures solar PV modules and provides EPC services. It plans to use the IPO proceeds to fund expansion and repay borrowings.

GK Energy’s IPO, opening Friday with a price band of Rs 145-153, aims to raise Rs 464.26 crore. As India’s largest solar-powered agricultural pump EPC provider under PM-KUSUM, it boasts strong revenue and profit growth. While analysts see potential, reliance on government subsidies and negative cash flows pose risks, advising long-term subscription for high-risk investors.

Siddhi Cotspin, a cotton yarn manufacturer, is set to launch its IPO on Friday. The IPO aims to raise Rs 69.85 crore. It includes a fresh issue of shares and an offer for sale. The subscription will remain open until September 23. The company plans to list on the NSE SME platform on September 26.

Kesar Enterprises shares will trade ex-split on September 18. The stock split ratio is 10:1. The face value reduces from Rs 10 to Rs 1. The record date is September 18, 2025. Shareholders on this date will get split shares. This corporate action increases share liquidity. Each shareholder gets ten shares for every one held.

Mazagon Dock Shipbuilders, NALCO, Bharat Dynamics, and MOIL will trade ex-dividend on Thursday, with Friday, September 19, 2025, as the record date. Investors must buy shares today to be eligible for dividends. Mazagon Dock offers Rs 2.71 per share, NALCO Rs 2.50, Bharat Dynamics Rs 0.65, and MOIL Rs 1.61.

Five Nifty500 stocks, including Maruti Suzuki, GE Vernova T&D India, and L&T Finance, hit a 5-year swing high on September 17, signalling bullish sentiment and potential upside mom