🚀 Urban Company IPO pops 69%
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🗞️ Urban Company pops after listing
Urban Company’s stock surged 69% from the IPO issue price on Day 2 of trading, prompting debate on whether to book profits or hold.
💬 Expert Take — Rohit Mehta, Equity Research: “Strong retail demand drove the pop, but investors should watch post-listing liquidity and profitability signals before doubling down.”
🗞️ EPFO rolls out single-login portal
EPFO has launched a single-login portal and passbook-lite to simplify access for members and improve digital servicing.
🗞️ Saatvik Green Energy raises anchor funding
Saatvik Green Energy raised ₹269 crore from anchor investors ahead of its ~₹900 crore IPO, signalling solid anchor interest.
🗞️ Jefferies: India’s IPO boom could add $1.5tn market cap
A Jefferies report says India’s IPO boom could add about $1.5 trillion in market cap over the next decade.
💬 Expert Take — Meera Chopra, IPO Strategist: “Sustained retail and institutional participation can deepen the IPO market, but issuance quality and pacing will determine long-term gains.”
🗞️ Forex reserves jump to a record high
India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion, bolstering external defence buffers.
🗞️ Rural households get GST relief under GST 2.0
Over 75% of rural monthly expenditure will face nil or 5% GST under the proposed rationalisation, easing costs for rural consumers.
🗞️ CRISIL: GST rationalisation unlikely to strain the exchequer
CRISIL says the GST rates rationalisation is unlikely to pose a major fiscal burden, given expected demand pickup and revenue buoyancy.
🗞️ Direct tax collections rise 9.18% YTD
Net direct tax collection rose 9.18% to over ₹10.82 lakh crore during Apr 1–Sep 17, pointing to healthy revenue mobilisation.
📊 Market Update – 19 Sep 2025
📉 Sensex: 82,626.23 ▼ −387.73 (−0.47%).
📉 Nifty 50: 25,327.05 ▼ −97.00 (−0.38%).
💱 USD/INR: ₹88.09 (close).
🪙 Gold (24K): ₹11,133 / g (≈ ₹1,11,330 / 10g).
🛢️ Brent crude: $67.29 / bbl.