Sebi has proposed changes to non-benchmark indices like Bankex, Banknifty, and Finnifty, expanding individual stock weights. The regulator capped the top constituent's weight at 20% and the top three at 45%, with at least 14 constituents. These adjustments aim to enhance transparency and reduce single-stock risk in index derivatives.
Lenskart Solutions has successfully raised 3,268.3 crore from 147 anchor investors ahead of its IPO. The eyewear retailer allotted equity shares at 402 each to a mix of prominent domestic and global funds, including mutual funds, insurers, and foreign institutional investors. The company's IPO is set to open on October 31.
Indian stock markets experienced a decline on Thursday. The NSE Nifty and BSE Sensex closed lower. This downturn followed the US Federal Reserve's decision to cut interest rates by 25 basis points. However, the Fed indicated no further rate cuts are expected this year. This news impacted investor sentiment globally and in India. Foreign portfolio investors sold shares.
Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders.
