In a summary of its 100-page report, external, the JCHR points out that AI has been responsible for numerous abuses of human rights.

It cites as examples the use of AI to create sexualised images of women and girls and scanning people’s faces without their consent.

The JCHR advocates the creation of a “single, independent AI oversight body… on a statutory basis”.

It argues that the current legal framework which applies to AI is “fragmented and difficult to navigate”, “leaving gaps in protection”.

“The AI Bill should establish a regulatory regime that classifies different risk levels and mandate more demanding obligations for higher risk AI systems and models,” it says.

“Obligations should be placed on all stages of the AI lifecycle, ensuring those responsible in the supply chain for designing, amending and utilising AI systems are aware of their obligations and they are effectively addressed.

“Some uses of AI should be prohibited outright because they are incompatible with human rights. Potential areas for action include subliminal techniques, and inappropriate use of profiling or biometric data.”

“AI is heralded as an unprecedented era of technological development with the potential to transform our lives for better or for worse,” said Sobel.

“It is moving with such speed and complexity that its impact is hard to accurately predict. What is clear is that at present we are unprepared to deal with its consequences however potentially dire they may be.”

The JCHR’s 12 members are drawn from both Houses of Parliament and they currently include MPs and peers from the Labour, Conservative and Liberal Democrat parties.

BBC News is seeking comment from the government on the call for the AI bill.

Monday’s report comes amid growing general anxiety over the challenges AI poses.

Jacob Coxon, an AI researcher who quit Anthropic, told the BBC this weekend that staff developing the systems were “genuinely frightened” for the future of humanity.

An Anthropic spokesperson told BBC News that it was building “models with some of the strongest safeguards in the industry”.

This article was written by

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Mumbai: The truncated trading week ahead is set to be another busy one for the primary market, with five mainboard and six SME initial public offerings (IPOs) worth around ₹24,500 crore scheduled to open for subscription.

NSE‘s ₹22,561.5-crore IPO will dominate the week’s primary market activity, accounting for more than 90% of the value of issues opening for subscription.

The issue opens on September 17 and closes on September 21. Markets will remain shut on Monday, September 14, for Ganesh Chaturthi.

The ₹24,500 crore worth of IPOs opening for subscription during September 14-18 would be the highest since October 2025, when issues worth around ₹29,000 crore hit the market during the week of October 6-10.
Read more: Inside NSE IPO journey: Why India’s largest exchange took 10 long years to reach Dalal Street

Among other mainboard offerings, Hero Motors, SS Retail and Jindal Supreme India will open on September 16 and close on September 18. Hero Motors will raise around ₹1,000 crore, while SS Retail and Jindal Supreme India will raise ₹500 crore and ₹125 crore, respectively.
Two mainboard IPOs-Veegaland Developers and Manika Plastech- that opened last week will close during the week. Six SME IPOs that opened last week will also close during the week.Read more: Nifty may rebound to 23,800; Rupak De picks Apollo, Laurus Labs and Eternal for the week

Stock Market Debutants

The week will also see a flurry of listings, with 10 mainboard companies set to make their stock market debuts. Pranav Construction will list on September 15, followed by Glass Wall Systems India, Prasol Chemicals and Kanohar Electricals on September 16. Six companies – Asset Reconstruction Co India, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering and Rentomojo – will list on September 17. Four SME companies are also scheduled to list during the week. Apana Logistics will make its debut on September 15, while Infrax Renewable, Vinod Texworld and Amtech Esters will list on September 17.

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The Sensex and Nifty extended their losing streak to a fifth week, the longest in 14 months, with Nifty sliding nearly 2% and slipping below key moving averages. Analysts said the indices have entered oversold territory, leaving scope for a short-term rebound.

TANMAY SHAH, RESEARCH HEAD, SIHL

Trading Strategy: Given the current oversold condition and the possibility of Nifty holding above the 22,950 support zone, traders can consider a Bull Put Spread for the September 29, 2026 expiry, by selling the 23,200 Put and buying the 22,950 Put. The strategy offers a favourable risk-reward profile while allowing traders to benefit from time decay if Nifty remains sideways or sustains above 23,200. The structure is suited to a cautiously bullish-to-neutral view for the month.

TOP STOCKS THIS WEEK

Kotak Mahindra Bank:

Buy | CMP: Rs 419 | Target: Rs 432–439 | Stop loss: Rs 408

The stock broke out above Rs 410, then retraced to retest the breakout zone. Support near the 20-day moving average indicates buying interest at lower levels.

LIC Housing Finance:
Buy | CMP: Rs 562.90 | Target: Rs 598–615 | Stop loss: Rs 539Strong delivery-based buying over the past two weeks has lifted the stock sharply from the Rs 480–490 support zone, reinforcing a positive price structure and sustained accumulation.

Read more: Nifty may rebound to 23,800; Rupak De picks Apollo, Laurus Labs and Eternal for the week

SUDEEP SHAH, HEAD – TECHNICAL AND DERIVATIVES RESEARCH, SBI SECURITIES

Nifty Strategy: Nifty has slipped below key moving averages, with weak momentum, keeping bias tilted to the bears, though oversold conditions are emerging. A break below 23,000 could drag the index to 22,800– 22,500. On the upside, 23,600–23,650 is the key hurdle, with recovery signals only above 23,650. Nifty longs are advised only above 23,650, with a stop-loss at 23,450 and targets of 23,950– 24,100, anticipating short-covering.

TOP STOCKS THIS WEEK

BHEL:

Buy | CMP: Rs 431 | Target: Rs 447–455 | Stop loss: Rs 420

The stock maintains a strong price structure, trading above key moving averages across timeframes. Buying support on dips and relative strength against the broader market keep the setup positive.

PNB Housing Finance:

Buy | CMP: Rs 1,178 | Target: Rs 1,240–1,276 | Stop loss: Rs 1,130

The stock broke out above Rs 1,130 in early August. Subsequent dips towards Rs 1,130 attracted strong buying with rising volumes.

Read more: Inside NSE IPO journey: Why India’s largest exchange took 10 long years to reach Dalal Street

DHARMESH SHAH, HEAD TECHNICAL, ICICI DIRECT

Trading Strategy: As long as Nifty holds Friday’s panic low near 23,200, a mean-reversion move towards 24,000 remains possible. Nifty has failed to beat the prior day’s high for 13 straight sessions. Historically, this setup occurred 34 times, with 25 instances leading to double-digit average gains over the next 3–6 months. The index is also below its 200-day EMA, while the weekly Stochastic at around 17 is deep in oversold territory, signalling downside exhaustion.

Any decline towards 23,100–23,200 in Nifty Spot should be used as a buying opportunity for a target of 23,500. Immediate support is placed at 22,850.

TOP STOCKS THIS WEEK

Adani Ports:

Buy | CMP: Rs 1,765 | Target: Rs 1,876 | Stop loss: Rs 1,679

Buying demand has returned after the stock retested the 12-month rising channel breakout at the 200-day EMA, with the weekly RSI showing a bullish crossover that confirms the positive bias; recommended in the Rs 1,710–1,765 range

BHEL:

Buy | CMP: Rs 430.60 | Target: Rs 470 | Stop loss: Rs 402

After a 14-week consolidation above the 50-day EMA, the stock is shaping into a bullish pennant, with a breakout likely to accelerate momentum; recommended for buying in the Rs 420–430 range.

MELBOURNE — Shares of Sunrise Energy Metals Ltd. tumbled 12.59% in a heavy session on the Australian Securities Exchange, closing at $19.335 as investors booked profits after one of the most dramatic runs seen on the local resources board this year.

The stock shed $2.785 a share, wiping hundreds of millions of dollars off the company’s market value in a single day of trading. The retreat came without any fresh company-specific announcement to explain it, extending a pattern of sharp swings that has defined Sunrise Energy Metals’ trading in recent weeks as the scandium developer’s valuation has climbed far ahead of its earnings.

The selloff pulled shares well off the company’s 52-week high of $20.50, touched in August, though the stock remains dramatically higher than the roughly $1.30 level it traded at just a year ago. That run — driven by a string of government-backed financing announcements and surging interest in critical minerals — has made Sunrise Energy Metals one of the standout performers on the ASX materials board, and also one of its most volatile.

Melbourne-based Sunrise Energy Metals is developing the Syerston Scandium Project near Fifield in central-west New South Wales, alongside the adjacent Sunrise Nickel-Cobalt Project, one of the largest cobalt-rich nickel laterite deposits in the world. The company, formerly known as Clean TeQ Holdings, has positioned itself as a potential source of primary scandium supply outside China, a metal used in aluminum-scandium alloys, solid oxide fuel cells and, increasingly, next-generation semiconductor materials.

That positioning has drawn Washington’s attention. Sunrise Energy Metals has disclosed a $400 million investment tied to the U.S. Department of Defense to help finance the Syerston project, part of a broader push by the U.S. and its allies to build critical minerals supply chains independent of China. The company has also received a letter of interest from the U.S. Export-Import Bank for up to $67 million in debt financing, and last month it secured a conditional $400 million loan tied to the project, while separately exploring a possible U.S. stock market listing.

Those catalysts fueled an extraordinary run for the shares over the past year, at one point pushing the stock up more than 1,200% from its 52-week low. Sunrise Energy Metals has also been evaluating an expansion case that could lift potential scandium oxide production capacity from 60 tonnes to 180 tonnes per annum, and in September the company issued a corporate presentation reaffirming that the mineral resource, ore reserve and production-target assumptions underpinning its feasibility study remained unchanged.

Even so, the company remains pre-revenue in any meaningful sense, with the Syerston project yet to reach a final investment decision, which management has targeted for the September 2026 quarter. Financial filings show the company posted a net loss for the period and continues to report negative operating cash flow, underscoring that its market valuation rests heavily on future project economics rather than current earnings. Analyst coverage of the stock remains thin, with brokers who do cover the name offering a consensus price target near $20, according to market data compiled ahead of the session.

Friday’s decline was not confined to Sunrise Energy Metals. ASX-listed critical minerals and rare earth names have shown a pattern of sudden, sector-wide pullbacks in recent weeks even as underlying project news for individual companies stayed positive, a dynamic traders have attributed to swings in investor sentiment around spodumene and rare earth pricing rather than to deteriorating fundamentals at any single company. Materials-sector benchmarks on the ASX have likewise shown bouts of weakness during the same stretch.

For a stock that has become a favorite among momentum traders chasing exposure to the critical minerals theme, the size of Friday’s drop is a reminder of how thinly some of these names trade relative to their market capitalization, and how quickly gains can unwind once buying momentum stalls. Average daily volume for Sunrise Energy Metals has run in the range of 600,000 to 800,000 shares, a level that can amplify price swings when large blocks change hands in either direction.

Company documents show Sunrise Energy Metals has continued to issue new shares tied to option conversions and employee incentive plans in recent months, modestly expanding its share count even as the stock price surged. The company’s most recent annual general meeting was held in November, and its next scheduled earnings update is expected in the coming weeks as part of its regular quarterly reporting cycle.

For now, the company’s underlying construction and financing timeline appears unchanged. Procurement of long-lead equipment items for Syerston, including boilers and heater vessels, has already gone to tender ahead of the targeted final investment decision, and the company has separately made a small strategic equity investment in a U.S. semiconductor materials developer working with aluminum-scandium nitride technology, a move aimed at extending Sunrise’s exposure into downstream applications for the metal.

Whether Friday’s pullback marks a pause in the stock’s rally or the start of a deeper correction will likely depend on newsflow around the Syerston financing package and the timing of the final investment decision, both of which remain the key catalysts investors are watching heading into the back half of the year.