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Indian markets rose for a second straight session on Wednesday, with Sensex up 313 points and Nifty gaining 91 points, supported by optimism on India–U.S. trade talks and Fed rate cut expectations.
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HDFC Bank invested Rs 1 crore as an anchor in JD Cables’ Rs 69 crore SME IPO, joining 20 institutional investors. The IPO opens September 18 with a price band of Rs 144–152.
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The Bank of Canada has lowered its key interest rate to 2.5%, a three-year low, citing a weak job market and reduced inflation concerns. This cut, the first in six months, comes after a previous easing campaign was paused in March. Governor Tiff Macklem highlighted the uncertainty caused by U.S.
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iValue Infosolutions secured ₹168 crore from anchor investors like ICICI Prudential MF and Societe Generale ahead of its IPO. The IPO, opening September 18, aims to raise ₹560 crore through an Offer for Sale at a price band of ₹284-₹299 per share. The enterprise technology solutions specialist plans to list on BSE and NSE on September 25.
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The US Federal Reserve has initiated a monetary easing cycle by cutting interest rates by 25 basis points, prioritizing a slowing labor market despite elevated inflation. This decision, breaking a prior pause, aims to stimulate the economy amid uncertain job growth and political pressure. Market analysts anticipate further rate reductions through 2026.
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