US mortgage rates witnessed a drop this week. This is the lowest in almost a year. The decline happened before the Federal Reserve s expected rate cut. The 30-year mortgage rate is now at 6.35 percent. Refinancing applications have surged. Experts suggest rates may not fall much further. The housing market could become more competitive.

Bharat Forge has announced international partnerships, boosting its defence and aerospace presence. A collaboration with Windracers (UK) will localize UAV production in India, targeting military and civil sectors. Separately, Kalyani Strategic Systems secured a deal with UAE s GRADEONE to export artillery components, marking a first between Indian and Emirati firms.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.

Amidst inflationary pressures and fluctuating G-Sec yields, bond investors should exercise caution. Sandip Raichura suggests a barbell approach, advising a mix of short-term, gilt, and corporate bond funds to navigate evolving interest rate dynamics. He also highlights the potential of fixed income as a hedge during volatile market phases.

V. Srivatsa of UTI AMC is strategically reducing exposure to financial services within the UTI Large & Mid Cap Fund due to rising valuations. While maintaining a focus on stability and growth, the fund is selectively diversifying into other sectors.

Urban Company’s Rs 1,900 crore IPO, priced at Rs 98–103 per share, closes on September 12 with listing slated for September 17. The firm reported FY25 revenue of Rs 1,144.5 crore, up 38% YoY, and net profit of Rs 240 crore aided by a tax credit. Brokerages recommend subscribing with a long-term view despite rich valuations.

NLC India s shares rose following the announcement of a collaboration with Khanij Bidesh India (KABIL). The partnership aims to identify, acquire, and develop strategic mineral assets globally, securing essential resources for India s high-tech and clean energy sectors. This move aligns with the government s initiative to enhance mineral security through overseas ventures.

JBM Auto shares: JBM Ecolife Mobility secured a $100 million IFC investment to deploy 1,455 electric buses in Maharashtra, Assam, and Gujarat, aiming to cut 1.6 billion kg of CO₂, reduce diesel use by 600 million litres, create 5,500 jobs, and serve over one billion passengers.

RailTel received two major project orders worth ₹103.46 crore from Nashik Smart City and Panvel Municipal Corporation for smart city and connectivity infrastructure projects aligned with its core services.