Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.

Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison s wealth increased substantially. He briefly surpassed Elon Musk as the world s richest person. OpenAI plans a large purchase of Oracle s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and Google.

Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.

Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.

Nifty extended gains for the sixth session, supported by IT and financial stocks. Analysts see bullish momentum with Nifty above 21EMA. Experts recommend HAL, NLC, BEL, Indraprastha Medical, and Waaree Energies as top stock picks for Thursday.

Trump Media and Technology Group announced the filing for five new exchange-traded funds with the U.S. Securities and Exchange Commission on Wednesday.

Sumitomo Mitsui Banking Corporation divested its 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore through block deals, with shares sold at Rs 1,940.8 apiece to various domestic and foreign investors. Kotak Mahindra Bank s shares closed higher, despite trading below key moving averages.

The Swedish buy-now-pay-later company Klarna made its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year.

Indian markets closed higher for the sixth straight session, led by IT and financials, while auto stocks dragged. OFSS, IT majors, seafood exporters, textiles surged, whereas CarTrade Tech and JM Financial faced sharp declines.

Gold prices climbed Rs 250 to scale yet another peak of Rs 1,13,000 per 10 grams in the national capital on Wednesday, buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties.