Market Bizzz

Together, the three IPOs sought to raise around Rs 98.53 crore from investors. Among them, Vivekanand Cotspin raised Rs 22.20 crore, FX Multitech raised Rs 45.24 crore, while Robokidz Eduventures raised Rs 31.09 crore.

Four companies are looking to raise nearly Rs 100 crore through their IPOs. Acme Universal Safezone 9 is the largest issue at Rs 35.93 crore, followed by Shree TNB Polymers at Rs 31.80 crore, Pind Hospitality at Rs 17.82 crore and Shivchem Agro at Rs 14.01 crore.

Indian equities extended their losing streak as elevated crude, US Treasury yields, geopolitical risks and FPI selling weighed on sentiment. However, foreign investors continued backing IPOs, selectively buying debt and mid-small caps, suggesting portfolio selectivity rather than a broad withdrawal from Indian markets.

J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an offer for sale by its promoters. The Haryana-based firm, established in 2005, focuses on infrastructure projects such as roads and bridges. Proceeds from the IPO will support working capital and repay borrowings, among other corporate purposes.

Nifty ended at 23,140.50 after an eighth consecutive weekly decline, with technical indicators remaining bearish. Analysts identify 23,300 as key resistance and 23,000 as options-based support, while Pharma and Healthcare remain relatively stronger amid persistent global market pressures and volatility.

Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created investor uncertainty throughout the week. Various industries are under scrutiny regarding their prospects related to artificial intelligence advancements. Additionally, traders faced a potential interest rate increase by the Federal Reserve in October.

HRV Pharma CEO Hari Kiran Chereddi says investing in capacity at partner facilities, exploring acquisitions for market access; forecasts Rs 1,000 crore revenue in FY28

Joe Lonsdale, an investor in Anthropic, expresses concerns about AI companies influencing public policy and regulation. He warns against the dangers of allowing a few companies to dictate industry rules. Lonsdale acknowledges the talent at Anthropic and its leadership role in AI development, highlighting his support for the company. In addition, he discusses potential acquisitions in Ukrainian defense technology amid ongoing conflict.

The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes from the Federal Reserve are enhancing the currency’s strength against competitors like the euro and sterling. Meanwhile, the Japanese yen falters as market participants scrutinize the Bank of Japan’s recent rate decisions.

The Rs 708-crore Varmora Granito IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on Tuesday, September 29, 2026.