PIMCO advises the Federal Reserve to reconsider its strategy. The firm suggests pausing the reduction of mortgage holdings. This action could potentially stimulate the American housing market. PIMCO believes this move might be more effective than interest rate cuts. It could significantly lower mortgage rates. Continuing the current approach may keep rates high until 2026.

Mahindra Lifespace Developers Ltd has secured two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of Rs 1,700 crore. These projects, spanning 2.6 acres and 1.8 acres respectively, mark a significant addition to the company s portfolio.

Gujarat-based Jay Ambe Supermarkets is debuting in the market today after a successful IPO, oversubscribed 64.13 times. Retail interest was particularly strong. Despite a modest GMP, a listing around Rs 85–86 is anticipated. Founded in 2020, the company operates 17 stores under the “City Square Mart” brand. IPO funds will fuel expansion, including purchasing a store and funding new locations.

Bhubaneswar-based Galaxy Medicare, a medical device manufacturer, is set to debut on the NSE SME platform on September 17, following its Rs 22 crore IPO. Subscribed 1.83 times overall, the IPO saw strong retail participation. Galaxy Medicare, known for its wide range of medical products, reported revenues of Rs 40.27 crore in FY25.

Groww, an Indian stock broking firm, has filed updated draft documents for its IPO, including a fresh issue of shares and an offer for sale from existing shareholders. The company has benefited from increased financial literacy and digital onboarding, becoming India s top stock broker with over 14 million active customers.

The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week.

Nifty resumed gains with strong buying in auto, IT, and banks, giving a double bottom breakout. Analysts see bullish momentum toward 25,500, while experts recommend stocks like HUDCO, Finolex Industries, Pondy Oxides, and GMR Airports for near-term upside.

U.S. stocks hovered near record highs as investors anticipate potential interest rate cuts by the Federal Reserve. While the S&P 500 saw a slight dip, the Dow Jones Industrial Average also declined. Market focus is on the Fed s upcoming decision and Chair Jerome Powell s commentary, with global fund managers showing increased inclination towards stocks despite valuation concerns.

Gold breached the mark of $3,700 an ounce for the first time on Tuesday, as mounting expectations of a rate cut by the U.S. Federal Reserve this week buoyed its appeal.