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Indian stock markets opened sharply lower on Monday, September 28, with the **BSE Sensex falling more than 850 points** and the **NSE Nifty 50 dropping below 22,900** in early trade. Rising crude oil prices, continued foreign investor selling and uncertainty surrounding the Middle East conflict put pressure on domestic equities.
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September has been a largely positive month for IPO listings, with most newly listed stocks trading above their issue prices. The spotlight now shifts to the ₹22,562-crore NSE IPO, which was subscribed 5.71 times but has seen its grey market premium fall to around 2–2.5% ahead of its BSE debut.
The National Stock Exchange of India’s much-awaited IPO closed with 5.71× subscription, attracting bids worth more than ₹90,000 crore. Qualified Institutional Buyers (QIBs) drove demand, subscribing to their portion nearly 13 times. With allotment expected on September 22 and the shares scheduled to list on the BSE on September 24, investors are now watching the allotment process and grey-market premium closely.
The IPO opened on September 18 and will remain available for subscription until September 22, 2026. The book-built issue comprises 93.98 lakh fresh shares, with a price band of ₹51–₹54 per share. Investors are closely watching subscription levels and grey-market activity as the SME IPO gets underway.
The Dow Jones rebounded after four consecutive sessions of losses, supported by lower oil prices and improving investor confidence following the latest inflation reports. The 30-stock index remains a key indicator of sentiment toward major U.S. companies and the broader economy.
