Latest Stock Market News

Midwest s Rs 451 crore IPO enters its final bidding day with strong subscription, exceeding 11 times by Day 2. Despite a slight dip in grey market premium, it remains positive, suggesting a potential listing price around Rs 1,200. The company, a leading Black Galaxy Granite exporter, plans to use IPO funds for expansion and debt reduction.

Vikram Solar reported stellar Q2 FY26 results, with net profit soaring 1,636.5% year-on-year to Rs 128 crore and EBITDA rising 226% to Rs 225 crore. Revenue grew 9% to Rs 1,110 crore, while margins expanded sharply. The company expects policy support, GST cuts, and green hydrogen demand to drive future growth.

State-run firms HPCL, BPCL, and NEEPCO plan to raise Rs 77.5 billion through bond sales as RBI’s dovish stance and easing corporate yields boost borrowing conditions and investor appetite.

IIFL Finance shares are expected to be in focus after Fitch Ratings revised the company’s long-term outlook to positive from stable, citing expectations of stronger fundamentals and stabilised asset quality. The revision follows the lifting of RBI restrictions on its gold loan business, signalling a steady recovery and improving credit profile.

Gold and silver prices surged to new all-time highs on MCX ahead of Dhanteras, driven by investor concerns over US regional bank credit stress and a weakening dollar. Global central banks and ETF investors are actively buying safe-haven assets, supporting the bullish momentum for both precious metals.

An uptrend signal is generated when the RSI value crosses above 50 from below.

A shift above the VWAP suggests a potential bullish trend.

A significant rise in futures open interest indicates substantial growth in the number of active, unexpired futures contracts for a specific security.

Reliance Industries will announce its September quarter results today. Investors are keenly watching for key performance indicators. The company s stock has seen a significant drop after the previous quarter s results. Analysts are focused on revenue growth, segment performance, and cash flow trends. Updates on strategic initiatives like the Jio IPO are also anticipated.