Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed. Here are 10 key factors that could influence Friday’s market action.
Liqvd Digital India is gearing up for its Rs 39-crore initial public offering, set to open for subscription on September 23. With a price range between Rs 51 and Rs 54 per equity share, this three-day offer will wrap up on September 25, allowing shares to be listed on the BSE SME platform. The funds will be directed towards acquiring a video content production hub.
After a week dominated by monetary policy and geopolitical developments, investors will turn their focus to a fresh batch of economic data, including mid-month manufacturing and services Purchasing Managers' Index (PMI readings) from major economies.
Indian equities extended their recovery as softer crude prices and global yields improved risk appetite. Analysts have identified five stocks, including ACME Solar, Medanta, Tilaknagar Industries, Uno Minda and PWL, with bullish technical setups.
The Fed’s latest rate hike could constrain the RBI’s policy flexibility as India-US bond yield differentials narrow. Elara Securities’ Garima Kapoor expects 25-50 bps of RBI hikes in 2026, while higher US yields and a stronger dollar could pressure FPI flows.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 cr through September 19. Higher crude prices, elevated US bond yields, geopolitical risks and currency concerns are weighing on foreign flows, while DIIs cushion the pressure.
India’s primary market is set for a busy week, with 19 IPOs aiming to raise around Rs 4,169 cr, led by Elevate Campuses and Varmora Granito. The week will also see 12 listings, including NSE, as investors track grey market trends.
NSE IPO’s grey market premium has fallen from Rs 192 to around Rs 58, implying a listing premium of just over 3% at the upper price band. The decline comes despite the Rs 22,562-crore issue crossing full subscription on day two.
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