Shringar House of Mangalsutra raised Rs 120 crore from anchor investors, including Kotak Mahindra Life and Societe Generale, ahead of its Rs 401 crore IPO opening on September 10 at Rs 155–165 per share.

Nebius Group N.V. shares surged 52% on Nasdaq after announcing a multi-billion dollar AI infrastructure deal with Microsoft. The agreement ensures long-term committed capacity from Nebius’ new Vineland, New Jersey data center.

Indian equity benchmarks closed higher, led by IT and pharma gains, with Nifty sustaining above key levels. Analysts project a near-term move towards 25,000, while seven stock recommendations highlight fresh breakouts and bullish momentum for traders.

The Indian rupee began on a high note, peaking at 87.95 per dollar before reversing course. This fluctuation was driven by importers hedging against potential losses, which diminished the initial gains.

Citigroup purchased 57,000 shares of Voltamp Transformers in a bulk deal on Tuesday. Other institutional investors such as Aditya Birla Sun Life and others acquired equity in the block deal amounting to Rs 364 crore. Voltamp Transformers shares closed lower today.

Urban Company garnered Rs 854 crore from anchor investors before its IPO, which opens tomorrow. The IPO allocated 8.29 crore shares at Rs 103 apiece to prominent investors like SBI Fund and Goldman Sachs. Analysts highlight the company s strong growth, profitability, and leadership in the home services market, despite valuation concerns.

Eight Nifty 200 companies posted over 70% year-on-year EBITDA growth in the June 2025 quarter, highlighting improved profitability and operational strength. Notable performers include Bajaj Holdings, HPCL, BSE, JSW Energy, Dixon, Coforge, Waaree Energies, and BPCL.

Prakash Industries has set September 17 as the record date for its Rs 1.50 per share dividend. Despite recent underperformance, the Dolly Khanna and Mukul Agrawal-backed multibagger has delivered 255% returns over five years.

Blue Jet Healthcare’s promoter Akshay Bansarilal Arora will sell up to 6.83% equity via an OFS starting September 10–11, at a floor price of Rs 675, marking an 8.2% discount to current levels.