BMW Ventures IPO, a Rs 231.66 crore fresh issue, saw a muted response with 1.5x subscription as of September 26. QIBs led the bidding, while retail participation was nearly full. The allotment will be finalised on September 29, ahead of the October 1 listing, with a grey market premium indicating modest gains.
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.