Arisinfra Solutions is set to list on the BSE and NSE with muted expectations, indicated by a grey market premium of Rs 0, despite strong anchor backing. The IPO, priced at Rs 222, saw modest subscription rates across retail, QIB, and NII categories. While the company reported a recent profit after previous losses, the market remains cautious.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.