Latest Stock Market News

The Indian Rupee strengthened significantly against the US Dollar today, reaching a one-month high. This appreciation was driven by substantial foreign fund inflows into the domestic stock market. Lower crude oil prices also contributed to the positive sentiment. The stock market saw sharp gains, further bolstering the rupee.

As oil prices slip, a burgeoning global supply takes the spotlight. The escalating trade friction between the U.S. and China brings worries of a looming economic dip. Expectations of softer energy demand resonate throughout the industry. The approaching meeting between U.S. and Russian officials compounds the unpredictability of this situation.

With Sanae Takaichi on the cusp of the prime minister s office, the yen has experienced a decline. Global optimism has seeped into the currency markets, further amplified by easing trade tensions between China and the US. Investors are keenly monitoring the situation for potential easing. The Australian dollar rallied, yet the recent Chinese economic statistics went largely unnoticed by traders.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Gold prices experienced a modest boost on Monday, marking a recovery from last week s significant drop. This uptick comes on the heels of gold s best weekly performance in months, driven primarily by geopolitical unrest and robust buying from central banks.

Midwest s Rs 451 crore IPO, which saw a massive subscription of 92.36 times, will finalize its allotment on Monday. Investors can check their status on Kfin Technologies or BSE websites. The company, a leading Black Galaxy Granite producer, is expected to list on October 24 with a potential listing price around Rs 1,160.

HDFC Bank reported a strong 11% year-on-year net profit growth to Rs 18,641 crore for Q2 FY26. Net interest income rose 4.8% to Rs 31,550 crore, with a healthy 15.1% increase in average deposits. Analysts maintain an Accumulate rating, citing the bank s successful navigation of transition and focus on asset quality.

The Indian government bond market appears poised for a week devoid of clear direction after last Friday s selloff saw benchmark yields exceed 6.50%. Traders are keenly observing today s sales of state debt, which may reveal market appetite. Don t forget, the markets will be closed for holidays on Tuesday and Wednesday.