Latest Stock Market News

Aurobindo Pharma leads bullish RSI surge with 5 other stocks.

India s initial public offerings are set to raise up to $20 billion in the coming year. This surge will solidify India s standing as a leading global listings market. Domestic capital, including retail investors, is fueling this growth. Several prominent companies are preparing for their IPOs, promising an active period for the Indian stock market.

Indian equity indices Sensex and Nifty opened higher on Friday, buoyed by renewed foreign portfolio investor buying. Gains were partially offset by losses in TCS after a weaker-than-expected profit report. Broader markets also firmed, with midcaps and smallcaps showing positive movement.

Tata Elxsi reported a 32.5% year-on-year decline in Q2FY26 net profit to Rs 154.81 crore, though sequential growth of 7.2% provided a modest silver lining. Revenue fell to Rs 918.1 crore, with EBITDA margins contracting to 21%. Weakness persisted in healthcare, while Media & Communications and Transportation segments remained resilient. Motilal Oswal maintains a sell rating.

Gold and silver opened higher on October 10, with MCX gold at Rs 1,21,032 per 10 grams and silver at Rs 1,46,779 per kg, supported by U.S. rate cut expectations, central bank buying, and safe-haven demand. Global economic uncertainty, the U.S. government shutdown, and ETFs inflows continue to influence prices, while profit booking and geopolitical developments may test the rally’s resilience.

Brokerages maintained mixed views as JM Financial stayed bullish on TCS, Morgan Stanley backed Muthoot Finance’s growth, while Motilal Oswal turned cautious on Tata Elxsi amid margin pressure and muted demand.

Metal stocks are poised for further gains. Strong domestic demand and improving cost efficiencies are key drivers. Global restocking is also expected to boost prices. JSW Steel, SAIL, and Hindalco are highlighted as top picks. NLC India presents a diversified growth opportunity. New-age tech stocks show momentum but valuations are a concern.

WeWork India shares: WeWork India Management shares experienced a subdued listing on stock exchanges Friday, opening with a marginal premium on the NSE and a slight dip on the BSE. The company s Rs 3,000-crore IPO, a pure offer-for-sale, saw strong demand from Qualified Institutional Buyers but fell short of its retail and Non-Institutional Investor quotas.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources: