Latest Stock Market News

Canara HSBC Life Insurance IPO: The grey market premium (GMP) for Canara HSBC Life shares has fallen from Rs 10 to Rs 2, with the IPO priced at Rs 106. The IPO is a full offer-for-sale (OFS) of 23.75 crore shares and will remain open for three days, closing on October 14.

The US government shutdown enters its twelfth day, triggering layoffs, service closures, and growing political deadlock, as Democrats and Republicans clash over funding and health subsidy extensions.

Economist Swaminathan Aiyar believes Donald Trump will yield in US-China trade disputes. However, a new cold war is emerging globally. Countries must now focus on security and self-reliance. India needs to increase defense spending and use its economic leverage wisely. Global alignments are hardening, making it difficult for India to play powers against each other.

Gold and silver surged on renewed safe-haven demand amid U.S.-China trade tensions, expectations of interest rate cuts, and ongoing geopolitical risks. Gold futures hit Rs 1,23,286 per 10 grams, with silver near record levels. Central bank purchases, ETF inflows, and the U.S. government shutdown also supported the rally.

US inflation rises above the Fed’s target, driven by groceries, coffee, and tariffs. Trump and Powell downplay concerns, while economists warn prolonged inflation could challenge the Fed’s credibility and price stability.

Tata Capital shares slipped below the listing price after a flat debut on Monday. However, brokerages like Emkay Global and JM Financial maintained an ‘Add’ rating, citing strong Tata Group backing, AAA credit rating, and diversified loan book. Analysts expect steady AUM growth and long-term value despite near-term valuation limits.

St. Louis Fed President Musalem signals potential for one more rate cut to support the labour market, while urging caution as inflation remains above target and economic growth stays moderate.

Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Group’s financial irregularities.

LG Share Price: LG Electronics India is set to debut on October 14, with grey market trends hinting at a 32% listing premium over its Rs 1,140 issue price. The Rs 11,607 crore IPO drew record Rs 4.39 lakh crore in bids, underscoring strong investor appetite backed by LG’s brand dominance, profitability, and debt-free balance sheet.

Canara Robeco AMC’s Rs 1,326 crore IPO remains under-subscribed at 48% after Day 2, with falling grey market premium, modest near-term prospects, and analysts favouring long-term growth potential.