Smaller U.S. defense firms have emerged as standout performers on Wall Street this year, fueled by surging demand for low-cost, next-generation military tech tailored for modern warfare and the Pentagon s pivot toward agile and adaptable combat systems.

The Bank of England maintains interest rates at 4%. Inflation in the UK remains almost double the target. Figures show inflation held steady at 3.8% in August. The bank has been gradually cutting rates since August 2024. Another rate cut is possible in November. Economists are divided due to persistent inflation and wage increases. The situation is complex.

India’s equity market gains momentum ahead of Diwali, driven by GST cuts, policy shifts, and sectoral trends. Ajay Srivastava highlights opportunities in autos, engineering, healthcare, and new-age firms, while cautioning against high-PE smallcaps, consumer durables, and traditional banks. Growth, differentiation, and tech-driven businesses are key for long-term alpha creation.

Nifty’s sharp 800-point rally has taken it close to 25,500, but experts warn of limited upside at current levels. Rahul Sharma advises profit booking, expects a short-term dip, and highlights Jio Finance and IIFL Finance as strong stock picks.

YES Securities initiated coverage on Waaree Energies and Premier Energies with “Buy” ratings, citing India’s solar boom. Waaree’s larger scale, global expansion, and strong order book give it an edge, while Premier focuses on domestic growth and integration.

KPI Green Energy successfully listed its ₹670 crore green bond on the NSE, boosting sustainable finance in India. The five-year bond, with an 8.50% coupon rate, is backed by a GuarantCo guarantee, enabling AA+ ratings and attracting institutional investors. Proceeds will fund renewable energy projects, benefiting 210,000 people and reducing emissions by 344,000 tonnes annually.

Mangalam Worldwide Ltd, a stainless-steel manufacturer, has moved to the mainboard of the National Stock Exchange. The transition involves nearly three crore equity shares. Chandragupt Prakash Mangal, Managing Director, sees this as a sign of market confidence. The company believes this move will increase visibility and attract more investors. This aligns with Mangalam Worldwide s plans to grow and increase exports.

The stock trades at a rich 310x P/E, making it one of India’s costliest. Analysts advise caution, citing modest profit margins and high debt, recommending investors track performance post-listing before taking fresh positions. Revenue has grown from Rs 69.9 crore in FY23 to Rs 158.9 crore in FY25, with healthy EBITDA margins above 50% and PAT at Rs 1.8 crore.

SMC Global Securities will meet on September 24, 2025, to discuss its first-ever bonus equity share proposal by capitalizing reserves. If approved, existing shareholders will receive additional shares, enhancing liquidity and rewarding investors. Trading restrictions apply from September 18–26 as per insider policies. This move strengthens capital structure without cash outflow.