The National Stock Exchange (NSE) on Wednesday said it will introduce a lower price cap of 20 per cent below the issue price for SME initial public offerings (IPO) during the special pre-open session which will be effective on August 4.

Piramal Enterprises reported a 52% rise in consolidated Q1 net profit to Rs 276 crore, driven by lower credit costs and a 37% surge in retail loan AUM. While standalone profit dropped, the company s retail focus and improving margins signal positive momentum ahead.

Mahindra & Mahindra Q1 Results: Mahindra & Mahindra (M&M) on Wednesday reported a 24% year-on-year growth in its Q1FY26 consolidated net profit at Rs 4,083 crore versus Rs 3,283 crore in the year ago period.

Indian markets closed slightly higher led by L&T’s earnings boost. Stock-specific action dominated as companies like New India Assurance, DMart, and Jubilant Pharmova surged post strong Q1 results.

Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels.

Tata Investment Corporation will evaluate a stock split proposal during its August 4 board meeting, alongside Q1 results. The move aims to boost stock liquidity and accessibility for retail investors, subject to shareholder and regulatory approvals.

Gift Nifty fell sharply to 24,680, declining by 0.70% or 174 on Wednesday reacting to US President Donald Trump s announcement that India will pay 25% tariff along with a penalty in the wake of India s trade with Russia.

Indigo Q1 Results: InterGlobe Aviation, which operates budget airline Indigo, reported a 20% year-on-year fall in its consolidated net profit for the June quarter at Rs 2,176 crore on Wednesday, compared to Rs 2,729 crore in the year-ago period.

NSDL’s Rs 4,012 crore IPO, a pure OFS, opens for subscription with strong backing from top institutions. Priced at Rs 760–800, it has received largely positive broker recommendations citing strong market leadership, growth potential, and tech infrastructure. Risks include reliance on volumes and regulatory challenges.

Knowledge Realty Trust is launching a Rs 4,800 crore IPO on August 5, offering units at Rs 95–100. The REIT, backed by Sattva and Blackstone, holds 29 Grade A office assets across six cities. It aims to become India’s largest REIT by GAV, with strong institutional participation expected.