Latest Stock Market News

Tata Investment Corporation shares slipped 3.5% to Rs 908 after trading ex-split, following a 1:10 stock split on October 14. Despite an apparent 90% drop, market capitalisation remained unchanged. Q1 results showed strong profit growth, while the stock gained over 7% post-adjustment. Investor attention is on Tata Sons’ potential listing.

The Indian Rupee strengthened by 40 paise against the US Dollar in early trade on Thursday. This rise was supported by central bank intervention and a weaker dollar index. Positive domestic stock markets, lower crude oil prices, and renewed foreign fund inflows also contributed to investor confidence.

Investment strategist Rajeev Thakkar discussed evolving banking preferences, noting competition among top private and public sector banks. He addressed concerns about SIPs impacting bank deposits, stating money remains within the banking system.

The IMF advises BOJ to maintain loose monetary policy and raise rates gradually amid global trade uncertainty, cautious inflation, political risks, and weak wage growth, while monitoring economic and fiscal developments.

Indian equities are at a turning point. HDFC Securities suggests buying ten stocks for Diwali 2025. These companies are expected to deliver strong returns over the next year. Factors like policy easing and robust capex are driving this optimism. Investors can look for selective stock-specific opportunities.

Positive signals from high-frequency indicators paint an optimistic picture for growth in the September quarter. Nevertheless, Reserve Bank of India Governor Sanjay Malhotra has urged caution for the latter half of FY26, highlighting concerns over the repercussions of US tariffs.

Schroders, a major asset manager, holds a cautious view on Indian equities. The firm is underweight due to slow growth and high valuations. However, Schroders sees significant long-term potential for India. Improved economic performance and supportive valuations would lead to a more constructive outlook on Indian equities. Domestic flows provide a market floor.

RBI Governor Sanjay Malhotra indicated that an early resolution to tariffs would boost India s economic growth, though higher tariffs are not a major concern. He noted that while capacity utilization and investment sentiment are improving, uncertainties are delaying business and household expenditures. The central bank projects 6.8% growth for the fiscal year, factoring in current tariff levels.

RBL Bank s board will meet on October 18 to consider raising funds. This includes issuing equity shares or other linked instruments. The bank is also set to review its second quarter results. Reports suggest Emirates NBD is close to acquiring a majority stake. RBL Bank stated it explores opportunities to enhance shareholder value. The bank s shares closed higher on Wednesday.