Latest Stock Market News

Tata Capital plans to launch a $2 billion IPO ahead of the RBI’s September 30 deadline for upper-layer NBFCs. The offer comprises 210 million new shares and 266 million shares for sale by existing shareholders, making it one of India’s largest financial sector listings.

Helios Mutual Fund is adjusting its portfolio. The focus is shifting towards electric vehicle two-wheeler companies. A new addition in this space is expected soon. The fund remains cautious on passenger vehicles and negative on the IT sector due to US uncertainty and AI impact. FMCG is avoided due to growth concerns.

JP Morgan maintains an overweight rating on Reliance Industries Ltd (RIL) with a target price of Rs 1,695, citing attractive valuations and favorable sector trends. The brokerage highlighted a still-elevated holding company discount and Reliance Retail’s discount to DMart, along with improving refining margins, festive demand, and telecom tariff hikes as key growth drivers supporting a 27% EPS CAGR through FY26.

Gem Aromatics IPO: Gem Aromatics, a specialty ingredients company, is eyeing a fundraise of about ₹451 crore at the upper price band. The IPO consists of a fresh issue of nearly 53 lakh shares worth ₹175 crore and an offer for sale of around 85 lakh shares valued at ₹276.3 crore.

ARC Insulation & Insulators IPO opened today, aiming to raise ₹41.19 crore. Anondita Medicare, Classic Electrodes, and Shivashrit Foods IPOs are set to open on Friday. Grey market premiums suggest ARC Insulation may list around ₹146, Anondita Medicare around ₹173, Classic Electrodes around ₹109, and Shivashrit Foods around ₹150.

Godrej Properties has secured a 7.82-acre land parcel in Kukatpally, Hyderabad, for approximately Rs 550 crore through an e-auction conducted by the Telangana Housing Board. The company plans to develop a housing project on the land, estimating a revenue potential of Rs 3,800 crore. Gaurav Pandey, MD & CEO, highlighted Kukatpally s strategic importance in Hyderabad s growing real estate market.

GST is viewed as a market support with hopes for simplification boosting consumption, though short-term disruptions may cause purchase delays. Markets are expected to move sideways as fundamentals align, influenced by news, geopolitics, and FII flows, creating volatility. Rural FMCG consumption is recovering, but valuations remain high, potentially impacting long-term investment decisions.

Ola s share price tumbled after VAHAN data showed the EV maker lagging rival Ather Energy in August sales, with 9,522 registrations versus Ather’s 10,248 as of August 20. If the momentum continues, Ola’s market share could fall below that of its competitor.

Indian government bonds remained flat as demand weakened due to fiscal concerns surrounding a proposed tax overhaul. Traders are cautious, awaiting the weekly bond auction where 360 billion rupees worth of bonds will be sold. The market is also anticipating Q1 GDP data to assess the central bank s rate-easing path, while the RBI acknowledges growth risks from trade tensions.

Trump’s portfolio includes corporate bonds from major firms such as Citigroup, Morgan Stanley, Wells Fargo, Meta, Qualcomm, The Home Depot, T-Mobile, and UnitedHealth Group.