Latest Stock Market News

Rubicon Research IPO, valued at Rs 1,377 crore, opened October 9 and saw 51% subscription on Day 1. Trading at a GMP of Rs 85, the pharma firm’s IPO draws strong retail interest, robust brokerage ratings, and optimism for a successful listing.

San Francisco Fed’s Mary Daly cited softening labour market and easing inflation for last month’s rate cut, signalling potential further cuts, while noting AI adoption may boost productivity amid economic slowdown.

SEC allows IPOs during government shutdown by permitting automatic effectiveness of registration statements. Companies can set pricing 20 days prior, easing market restrictions and supporting Wall Street listings despite political gridlock.

Midwest Limited’s Rs 451 crore IPO, priced at Rs 1,014–1,065 per share, opens October 15. With 50% allocated to QIBs, the issue includes a fresh issue of Rs 250 crore and an offer for sale of Rs 201 crore, marking India’s largest quartz and granite producer’s market debut.

Reliance Power shares saw a significant jump on Friday, October 10, driven by renewed buying interest and high trading volumes. This surge occurred despite the company receiving Show Cause Notices from SEBI concerning CLE Private Limited. Earlier, Reliance Power reported a profit in Q1 FY26, a positive shift from a loss last year.

TechEra Engineering India shares: The company, specializing in precision tooling, automation systems, and components for aerospace and defense, provides critical assembly tools, jigs, fixtures, MRO tooling, and ground support equipment for aircraft manufacturing and maintenance.

Tata Motors shares snapped a five-day losing streak to rise on Friday ahead of the demerger record date, as the company prepares to split its passenger and commercial vehicle businesses. Analysts see potential for value unlocking, though caution on short-term volatility remains, with Jaguar Land Rover’s production restart adding to market sentiment.

Canara HSBC Life Insurance IPO opened with modest early subscription, attracting strong interest from retail investors and anchor investors contributing over Rs 750 crore. The 100% offer-for-sale IPO, priced at Rs 100–106, reflects investor optimism and positions the insurer for growth in India’s bancassurance market.

TCS launches a $6B AI data centre initiative, marking a strategic pivot to co-location AI infrastructure. Analysts split on returns; the move tests financial discipline while targeting future growth opportunities.