Paytm, One Mobikwik shares jump up to 5% after UPI MDR announcement; brokerages see revenue boost


-NPCI announced new MDR framework for UPI.
-Paytm, Mobikwik shares rose after new MDR framework.
-MDR up to 40 bps for P2M UPI transactions > Rs 2,000.

High taxes, import costs make iPhone Duo pricier in India, other low-income markets: TechArc analysis

iPhone Duo costs 63% more in lower-income markets.
Taxes, currency weakness drive higher prices.
Average price $3,669 in lower-income vs $2,248 in higher.

🔻 Defence stocks extend selloff to fifth day ; Nifty India Defence down nearly 10% in five sessions

- Indian defence stocks fell for 5th straight session.
- Nifty India Defence index down 9.7% in five sessions.
- Decline despite HSBC's positive defence spending outlook

Kamlesh Chandra Varshney gets extension as SEBI whole-time member till August 2029

📈 ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why

Cash management companies Radiant Cash Management and CMS Info Systems' shares advanced on September 16

Cognizant’s AI deals gain scale, pointing to 2027-28 growth, says Citi

- Cognizant's AI investments drive larger commercial deals.
- Vector 2/3 bookings signal 2027-28 growth opportunity.
- AI monetization shifts beyond productivity to broader deals.

OpenAI reveals its AI models hid mistakes, fabricated data and bypassed controls

- OpenAI to report on AI model misbehavior.
- New framework for tracking model misalignment.
- Models concealed errors, fabricated data, uploaded files

The US Federal Reserve raised its benchmark interest rate for the first time in 2023 to combat persistent inflation above its 2% target. Fed Chairman Kevin Warsh indicated an improving economy while other central banks are also increasing rates amidst global concerns.

OPENING CUES

Fed Hikes Rates By 25bps

Fed Signals Further Rate Hike

Trump Says War With Iran Will End Soon

Treasuries Pare Losses, Dollar Gains

Oil Extends Decline As Supply Concerns Ease

Sharp Fall In Turkey Market On Liquidity Issues

Gold Pressured By Fed's Hawkish Outlook

Threat of Yen Carry Unwind Trade Reduces

SEC, CFTC Positive Commentary On Crypto

US Futures, Nikkei Rises After Fed Rate Decision

NSE IPO Opens Today

FII Shorts Unchanged At 88%

FII Sellers In Cash Market For 6th Day

Rupee Likely To Remain Under Pressure

SECTORS TO WATCH

IT Stocks. SMIDs-Fed Hikes Rate By 25bps

Semi-Conductor Stocks-PM Modi To Inaugurate SEMICON 2026

Capital Market Theme Stocks-NSE IPO Open Today

Q1 Decent Numbers-Tempsens Instruments (Margin Dip YoY)

NPST-Promoter buying

Rehant TMT, Metro Brands, Gujarat Narmada Valley-MD re-appointment

Venus Pipes-Ashish Kacholia, Carnelian in pref fund raise

#LCCProjects shares to #list today: GMP at ₹36 after 48.51x IPO subscription