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Indian markets closed higher for the third straight day, with Sensex rising 595 points and Nifty up 181 points, led by gains in financials, IT, and auto stocks. Positive global cues, easing inflation, and firm domestic macro data lifted investor sentiment.
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Fujiyama Power Systems (UTL Solar) has secured ₹247 crore from 15 anchor investors ahead of its IPO, which opens on Thursday. The company, a roof-top solar manufacturer, allocated over 1.08 crore equity shares at ₹228 per share. Nippon India Mutual Fund and Tata Mutual Fund were significant participants in the anchor allocation.
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