The Securities Appellate Tribunal (SAT) has directed SEBI to explain why it withheld documents from Jane Street, a US trading firm accused of manipulating the Indian derivatives market. SAT has also halted in-person hearings in the case until further notice.

Urban Company plans to raise ₹472 crore through fresh equity and ₹1,428 crore via offer for sale. While revenue grew 34.1% to ₹1,144.5 crore between FY23-FY25 and the company turned profitable in FY25, net profit dipped 45% in the June quarter. With a high P/E multiple of 62, the IPO is suitable for investors with high-risk tolerance.

Markets saw gains amid weekly expiry, with several companies in focus. Prakash Industries declared a dividend, while Blue Jet Healthcare s promoter will sell shares via OFS. Sumitomo Mitsui plans to sell its stake in Kotak Mahindra Bank, and Bajaj Auto will pass on GST reductions to customers. Vodafone Idea is challenging AGR demands in the Supreme Court.

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.