Latest Stock Market News

Six Nifty500 stocks, including GMDC, MCX India, and Sona BLW, closed above their VWAP on October 9, signaling potential bullish sentiment and a positive intraday trend in the market.

VVDN Technologies aims for an Initial Public Offering. This move follows a target of one billion dollars in annualised revenue. The company is setting up manufacturing in the UAE and the US. This strategy helps manage tariffs and meet local sourcing demands. VVDN is expanding its production capabilities to meet growing orders. The company is a design-led electronics manufacturer.

Global financial leaders — including Goldman Sachs, JPMorgan, the IMF, and the Bank of England — are warning that the AI-driven stock market boom may be nearing a tipping point. With Big Tech valuations soaring to historic highs and market concentration at 50-year peaks, concerns are mounting that speculative excess could trigger a sharp correction reminiscent of the dotcom bubble.

India s IPO market is booming, contributing significantly to GDP, with major companies lining up. Despite geopolitical headwinds and IT sector challenges, economic reforms and potential rate cuts by the RBI are expected to spur growth. Investors anticipate double-digit returns in the next six months, driven by improving corporate earnings and a pro-business government stance.

REITs and InvITs offer investors stable, mid-teen returns with long-term growth potential, aligning with global equity classifications. Recent SEBI reforms enhance clarity and broaden participation, transforming India s commercial real estate market by institutionalizing the sector and democratizing investment opportunities.

October 9 is the last day to buy shares of Hexaware Technologies, Rashtriya Chemicals & Fertilizers, and Sacheta Metals to qualify for the announced dividends. Hexaware offers a 575% interim payout, RCF 13.2%, and Sacheta Metals 2.5%, with ex-dividend from October 10.

Indian markets saw a pause as American stocks ended lower. Investors are now focused on upcoming corporate earnings and clues from the Federal Reserve about interest rate cuts. The market awaits signals on economic health and future monetary policy. This period of consolidation precedes a crucial earnings season, with major banks set to report results soon.

Oil prices saw little change in early Asian trade as a Gaza ceasefire deal between Israel and Hamas reduced war risk premiums. Brent crude futures edged up to $65.31 a barrel, while WTI crude rose to $61.63.

Gold prices are climbing, nearing an eighth consecutive weekly gain. Global uncertainty and anticipated US Federal Reserve rate cuts are driving demand for the precious metal. Investors are seeking safety amidst political turmoil in Japan and France, and a US government shutdown. This trend suggests continued strength for gold as a hedge against economic instability.