NSE shares are scheduled to list on the BSE on September 24, 2026, after the Rs 22,562 crore offer was subscribed 5.71 times. Grey market pricing indicates a potential listing gain of about 2.4% over the upper issue price of Rs 1,785.
11:55 PMEconomic Times95 stories from 4 sources
NSE demand leads a day of selective confidence and rising scrutiny
Day’s Recap
Supporting Articles

The National Stock Exchange of India is preparing to list on September 24 after investors bid for more than five times the shares offered in its 226 billion rupee IPO.
9:50 PMBloomberg Markets
Life Insurance Corp. of India was reportedly the largest bidder in the National Stock Exchange's $2.4 billion IPO. Strong institutional demand contrasted with subdued participation from retail investors.
4:08 AMBloomberg Markets
The National Stock Exchange’s $2.3 billion IPO has attracted more than $10 billion in bids, making it India’s largest public share sale so far this year. The demand implies a valuation multiple above that of Nasdaq.
12:00 AMCNBCFive Adani Group companies settled Sebi proceedings linked to alleged disclosure and corporate governance violations arising from the regulator's examination of issues raised in the Hindenburg report. The companies paid a combined Rs 1.51 crore.
11:45 PMEconomic Times
Several Adani group companies have settled a Sebi probe into alleged disclosure lapses linked to accusations made by a US short seller. The settlement reduces one part of the regulatory pressure facing the conglomerate.
9:13 AMBloomberg Markets
Bernstein said India's large companies are struggling to reinvent themselves, weakening the case for foreign investors to remain invested. The assessment comes as overseas investors reduce exposure to Indian equities.
3:26 AMCNBC
Dixon Technologies expects to rank among the world's top five electronics manufacturing services companies within the next decade. The company is also pursuing expansion beyond smartphones to build a larger global business.
7:00 PMBloomberg MarketsBroker views on Voltas diverged after its analyst meeting: Nuvama upgraded the stock to Hold with a Rs 1,220 target, while Jefferies retained Buy but cut its target to Rs 1,495. Margin pressure, rising costs and market-share gains remain central to the outlook.
11:46 PMEconomic Times
The MSCI India Consumer Discretionary Index has gained more than 3% this quarter as investors position for stronger festive-season spending.
10:30 PMBloomberg MarketsVarmora Granito's Rs 708 crore IPO was 11% subscribed on its first day, with retail investors subscribing to 20% of their reserved portion. The grey market premium fell to 2% from 6%, while the issue closes on September 24 and is scheduled to list on September 29.
11:37 PMEconomic TimesRecent yield increases have improved the appeal of short-tenor bonds, while longer-duration debt remains exposed to global interest-rate pressure and domestic fiscal risks. Shriram Group Chief Economist Apoorva Javadekar favors the two-year segment and advises caution on long-duration bonds.
11:37 PMEconomic TimesNSE IPO shares to list tomorrow: GMP signals 2% listing gain ahead of market debut
Summary
NSE shares are scheduled to list on the BSE on September 24, 2026, after the Rs 22,562 crore offer was subscribed 5.71 times. Grey market pricing indicates a potential listing gain of about 2.4% over the upper issue price of Rs 1,785.
The expected premium is modest relative to the issue's scale and subscription, suggesting demand has
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NSE's listing could reset expectations for large, highly subscribed IPOs that carry only limited grey market upside.

India’s NSE IPO: How the National Stock Exchange Listing Will Work
Summary
The National Stock Exchange of India is preparing to list on September 24 after investors bid for more than five times the shares offered in its 226 billion rupee IPO.
Oversubscription gives NSE strong demand ahead of its debut and could establish a substantial public-market
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NSE’s debut could become a major test of investor appetite for financial-market infrastructure in India.

LIC Said to Lead Bidding in NSE’s $2.4 Billion India IPO
Summary
Life Insurance Corp. of India was reportedly the largest bidder in the National Stock Exchange's $2.4 billion IPO. Strong institutional demand contrasted with subdued participation from retail investors.
LIC's interest gives the offering a powerful domestic anchor and signals confidence from long-term capital,
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Institutional demand will be central to the IPO's pricing and the stock's performance after listing.

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq
Summary
The National Stock Exchange’s $2.3 billion IPO has attracted more than $10 billion in bids, making it India’s largest public share sale so far this year. The demand implies a valuation multiple above that of Nasdaq.
Demand has already exceeded the issue size by more than four times, giving NSE strong
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NSE’s pricing will set a major benchmark for India’s capital-markets valuations and test how much investors will pay for derivatives-led growth.
5 Adani group stocks in focus as firms settle Sebi proceedings linked to Hindenburg report
Summary
Five Adani Group companies settled Sebi proceedings linked to alleged disclosure and corporate governance violations arising from the regulator's examination of issues raised in the Hindenburg report. The companies paid a combined Rs 1.51 crore.
The settlements close specific proceedings but do not erase the broader governance concerns that have
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The settlements remove one layer of regulatory uncertainty but leave governance credibility central to Adani valuations.

Adani Firms Settle Disclosure Norms Probe by Indian Regulator
Summary
Several Adani group companies have settled a Sebi probe into alleged disclosure lapses linked to accusations made by a US short seller. The settlement reduces one part of the regulatory pressure facing the conglomerate.
The settlement removes a discrete enforcement risk, but it does not resolve the broader questions
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The deal lowers near-term legal uncertainty for Adani while leaving its wider credibility and governance overhang intact.

India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit
Summary
Bernstein said India's large companies are struggling to reinvent themselves, weakening the case for foreign investors to remain invested. The assessment comes as overseas investors reduce exposure to Indian equities.
The core shift is from a growth premium to a scrutiny of business renewal, especially
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Sustained foreign selling could pressure large-cap valuations and challenge India's market leadership.

India's Dixon Tech Eyes Growth Beyond Smartphones
Summary
Dixon Technologies expects to rank among the world's top five electronics manufacturing services companies within the next decade. The company is also pursuing expansion beyond smartphones to build a larger global business.
Dixon's growth strategy is shifting from smartphone assembly toward a broader electronics manufacturing portfolio. That
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Dixon is positioning itself as a broader global electronics manufacturer, not just an India-focused smartphone assembler.
Voltas share price: Nuvama upgrades rating but Jefferies cuts target price after analyst meet. Here’s why
Summary
Broker views on Voltas diverged after its analyst meeting: Nuvama upgraded the stock to Hold with a Rs 1,220 target, while Jefferies retained Buy but cut its target to Rs 1,495. Margin pressure, rising costs and market-share gains remain central to the outlook.
The target cuts show that analysts see execution and profitability risks even as Voltas continues
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Voltas's market-share progress is being discounted until it produces clearer earnings and margin improvement.

India Consumer Stocks Draw Bullish Bets on Festive Spending
Summary
The MSCI India Consumer Discretionary Index has gained more than 3% this quarter as investors position for stronger festive-season spending.
The rally signals that markets are pricing in resilient discretionary demand, but it does not
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Festive demand will test whether the consumer-stock rally reflects real spending strength or investor expectations alone.
Varmora Granito IPO Day 2: Check GMP, subscription status and other key details. Should you apply?
Summary
Varmora Granito's Rs 708 crore IPO was 11% subscribed on its first day, with retail investors subscribing to 20% of their reserved portion. The grey market premium fell to 2% from 6%, while the issue closes on September 24 and is scheduled to list on September 29.
The weaker grey market premium points to limited near-term listing upside, even as retail demand
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The IPO is attracting early retail interest, but the declining premium reduces the case for a quick listing gain.
ETMarkets Smart Talk | 2-year bonds attractive, long end risky: Apoorva Javadekar’s fixed-income playbook
Summary
Recent yield increases have improved the appeal of short-tenor bonds, while longer-duration debt remains exposed to global interest-rate pressure and domestic fiscal risks. Shriram Group Chief Economist Apoorva Javadekar favors the two-year segment and advises caution on long-duration bonds.
The key shift is a preference for duration closer to the two-year segment as investors
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Fixed-income investors may earn a better risk-adjusted return by staying near the short end of the curve.
Other Developments
A curated list of other prominent stories from this day.
RBL Bank was among four stocks that formed a White Marubozu candlestick, marked by a strong rise from the open to the session high with little or no shadow. The pattern is typically read as evidence of firm upward momentum.
11:56 PMEconomic TimesAll 10 IPO stocks that had become multibaggers from their issue prices have since fallen below their initial listing highs. Stocks such as Vibhor Steel Tubes and Mamata Machinery have suffered sharp declines despite their strong early debuts.
11:54 PMEconomic TimesVarun Saboo of Anand Rathi Share and Stock Brokers examines how STT, GST, brokerage and UPI charges reduce trading returns. The impact is materially greater for frequent traders than for long-term investors.
11:49 PMEconomic Times360 ONE WAM appointed Jefferies India Country Head Aashish Agarwal as Group CEO. Founders Karan Bhagat and Yatin Shah will take more focused roles in strategy and wealth management, respectively.
11:32 PMEconomic TimesElevate Campuses opened its Rs 2,100 crore IPO with a price band of Rs 343 to Rs 362 per share. The issue carries a 1% grey market premium, closes on September 25 and is scheduled to list on September 30.
11:29 PMEconomic TimesThe article covers IPOs opening from Elevate Campuses, Adroit Industries, Swastika Infra, and other issuers. It is intended to provide issue sizes, price bands, grey-market premiums, and other offering details, but those figures are not included in the supplied material.
11:09 PMEconomic TimesSwastika Infra's Rs 160.88 crore IPO opened for subscription and will close on September 25, 2026. The issue combines a fresh offering with an offer for sale, is priced at Rs 175 to Rs 185 per share, and includes Rs 90 crore earmarked for working capital and general corporate purposes.
11:26 PMEconomic TimesThe provided material identifies a technical development in which BPCL moved above its 100-day exponential moving average, a commonly watched resistance level. It does not provide the price, trading volume or broader market context.
11:25 PMEconomic TimesThe provided material refers to Hero MotoCorp's closing figures but does not include the closing price, daily change, volume or other market data. No substantive market development can be established from the available information.
11:20 PMEconomic TimesGabriel India, Sun TV Network, Cemindia Projects and Jain Resource Recycling appeared in a StockEdge scan of Nifty500 stocks with rising relative strength index momentum on September 22. Each had gained more than 5% and showed bullish RSI trends.
11:12 PMEconomic TimesThe article is a live update on Power Grid's share price and current trading status. No price, percentage move, volume, or market trigger is provided in the supplied material.
11:11 PMEconomic TimesThe article reports on Bajaj Finserv's share price and describes the stock as showing resilience. The supplied material contains no details on the stock's actual move, trading volume, or the factors supporting that resilience.
11:10 PMEconomic TimesThe article provides a live update on State Bank of India's share-price movement. No trading level, percentage change, volume, or stated catalyst is included in the supplied material.
11:10 PMEconomic TimesThe article tracks Bajaj Finance's share price and stock details. The supplied material provides no current price, trading range, volume, or explanation for the stock's movement.
11:05 PMEconomic TimesThe article provides a live update on Adani Enterprises' share price and stock details. No price movement, volume, corporate trigger, or market context is provided in the supplied material.
11:03 PMEconomic TimesThe article tracks Reliance Industries' share price and stock details. The supplied material does not include the latest price, percentage change, volume, or any event driving the trade.
11:00 PMEconomic TimesThe article provides a live update on Jio Financial Services' share price and stock details. No current trading data, volume, or business-related catalyst is included in the supplied material.
11:00 PMEconomic TimesRunwal Enterprises has set a ₹290-305 price band for its ₹500 crore IPO, which will open on September 25 and close on September 29, 2026.
7:22 AMEconomic Times RealtyRBL Bank among 4 stocks showing White Marubozu Pattern
Summary
RBL Bank was among four stocks that formed a White Marubozu candlestick, marked by a strong rise from the open to the session high with little or no shadow. The pattern is typically read as evidence of firm upward momentum.
The pattern shows buyers controlled the session, but it does not indicate whether that control
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RBL Bank's candlestick points to near-term buying strength but requires confirmation before influencing a broader investment view.
Chasing IPO debut highs? All 10 listing multibaggers of last 2 years bleed negative returns
Summary
All 10 IPO stocks that had become multibaggers from their issue prices have since fallen below their initial listing highs. Stocks such as Vibhor Steel Tubes and Mamata Machinery have suffered sharp declines despite their strong early debuts.
The reversal shows that listing gains and early momentum did not translate into durable returns.
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IPO winners can destroy returns after euphoric debuts, exposing the risk of treating listing performance as a long-term thesis.
ETMarkets Smart Talk| STT, GST, brokerage, UPI charges: Varun Saboo on the hidden cost of frequent trading
Summary
Varun Saboo of Anand Rathi Share and Stock Brokers examines how STT, GST, brokerage and UPI charges reduce trading returns. The impact is materially greater for frequent traders than for long-term investors.
Trading costs compound with turnover, so active strategies must generate enough gross alpha to offset
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Frequent trading can appear profitable before costs while producing weak or negative returns after deductions.
360 ONE WAM shares rise over 2% after appointing Jefferies India Head and MD as new CEO
Summary
360 ONE WAM appointed Jefferies India Country Head Aashish Agarwal as Group CEO. Founders Karan Bhagat and Yatin Shah will take more focused roles in strategy and wealth management, respectively.
The appointment brings an external leader with capital-markets experience into day-to-day control while allowing the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A leadership transition could reshape 360 ONE WAM's growth strategy and reduce reliance on founder-led operating decisions.
Elevate Campuses’ Rs 2,100 cr IPO opens for subscription. Check GMP, other details
Summary
Elevate Campuses opened its Rs 2,100 crore IPO with a price band of Rs 343 to Rs 362 per share. The issue carries a 1% grey market premium, closes on September 25 and is scheduled to list on September 30.
The modest grey market premium signals limited expectations for an immediate listing pop despite the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The IPO is a large capital raise, but early market signals point to a measured rather than speculative investor response.
IPO GMP Today Live Updates | Elevate Campuses, Adroit Industries, Swastika Infra and more IPOs open today; Check issue size, price band, GMP and key details
Summary
The article covers IPOs opening from Elevate Campuses, Adroit Industries, Swastika Infra, and other issuers. It is intended to provide issue sizes, price bands, grey-market premiums, and other offering details, but those figures are not included in the supplied material.
Multiple IPOs are competing for investor capital, but the available information does not show their
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
IPO pricing and subscription data are essential for distinguishing genuine investor demand from speculative enthusiasm.
Swastika Infra IPO opens for subscription today: GMP signals 5% listing gain
Summary
Swastika Infra's Rs 160.88 crore IPO opened for subscription and will close on September 25, 2026. The issue combines a fresh offering with an offer for sale, is priced at Rs 175 to Rs 185 per share, and includes Rs 90 crore earmarked for working capital and general corporate purposes.
The 5% grey market premium indicates some appetite for a listing gain, but the fresh
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The IPO offers a potential modest listing gain, but its longer-term case depends on how effectively the company deploys fresh capital.
BPCL Share Price Live Updates: BPCL's Daily Price Update
Summary
The provided material identifies a technical development in which BPCL moved above its 100-day exponential moving average, a commonly watched resistance level. It does not provide the price, trading volume or broader market context.
A break above the 100-day EMA is the decisive signal, but it needs confirmation through
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
BPCL's ability to hold above the 100-day EMA will determine whether the technical signal attracts follow-through buying.
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's Recent Trading Activity
Summary
The provided material refers to Hero MotoCorp's closing figures but does not include the closing price, daily change, volume or other market data. No substantive market development can be established from the available information.
The absence of closing data prevents a meaningful assessment of the stock's direction or investor
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Investors cannot distinguish a routine close from a material market move without the missing figures.
Gabriel India among 4 stocks showing RSI trending up
Summary
Gabriel India, Sun TV Network, Cemindia Projects and Jain Resource Recycling appeared in a StockEdge scan of Nifty500 stocks with rising relative strength index momentum on September 22. Each had gained more than 5% and showed bullish RSI trends.
The screen identifies improving price momentum, not a confirmation of business or earnings strength. Because
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The four stocks are attracting momentum traders, but the technical signal alone does not establish durable upside.
Power Grid Share Price Live Updates: Power Grid's Positive Trend Analysis
Summary
The article is a live update on Power Grid's share price and current trading status. No price, percentage move, volume, or market trigger is provided in the supplied material.
No actionable market shift can be established without the latest price data or the reason
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The absence of price and catalyst data prevents a reliable view of Power Grid's near-term direction.
Bajaj Finserv Share Price Live Updates: Bajaj Finserv's stock price shows resilience in the market
Summary
The article reports on Bajaj Finserv's share price and describes the stock as showing resilience. The supplied material contains no details on the stock's actual move, trading volume, or the factors supporting that resilience.
The stated resilience is not quantifiable from the available information, so its strength cannot be
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A resilience claim without market data offers little evidence about Bajaj Finserv's underlying momentum.
SBI Share Price Live Updates: SBI Market Movement
Summary
The article provides a live update on State Bank of India's share-price movement. No trading level, percentage change, volume, or stated catalyst is included in the supplied material.
The direction and significance of SBI's move cannot be determined from the headline alone. The
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
SBI's market move matters only when linked to bank-specific fundamentals or a wider shift in financial stocks.
Bajaj Finance Share Price Live Updates: Bajaj Finance Stock Details
Summary
The article tracks Bajaj Finance's share price and stock details. The supplied material provides no current price, trading range, volume, or explanation for the stock's movement.
No firm conclusion about Bajaj Finance's momentum is possible without the missing market data. Investors
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Bajaj Finance's valuation makes the market particularly sensitive to changes in growth and asset-quality expectations.
Adani Ent Share Price Live Updates: Adani Ent. Stock Details
Summary
The article provides a live update on Adani Enterprises' share price and stock details. No price movement, volume, corporate trigger, or market context is provided in the supplied material.
The headline does not establish whether the stock is reacting to company news, group-level sentiment,
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Adani Enterprises can move sharply on both company-specific developments and changes in group-wide investor sentiment.
RIL Share Price Live Updates: RIL Stock Details
Summary
The article tracks Reliance Industries' share price and stock details. The supplied material does not include the latest price, percentage change, volume, or any event driving the trade.
The significance of Reliance's move cannot be assessed without separating company news from index and
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Reliance's scale means its share-price move can affect both benchmark performance and sector sentiment.
Jio Financial Services Share Price Live Updates: Jio Financial Services Stock Details
Summary
The article provides a live update on Jio Financial Services' share price and stock details. No current trading data, volume, or business-related catalyst is included in the supplied material.
The stock's direction cannot be interpreted without evidence on lending growth, asset management expansion, partnerships,
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Jio Financial's valuation depends heavily on whether its future financial-services growth becomes visible in operating results.
Runwal Enterprises’ ₹500 crore IPO to open on September 25; price band ₹290-305
Summary
Runwal Enterprises has set a ₹290-305 price band for its ₹500 crore IPO, which will open on September 25 and close on September 29, 2026.
The IPO gives investors a new listed real estate exposure at a time when primary-market
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The offering will show whether investor enthusiasm for India’s real estate listings extends to another mid-sized developer.
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