Latest Stock Market News

Shares of oil and gas firms including Oil India, ONGC, Indian Oil, and BPCL are in focus after crude oil surged over 5% overnight, heading for its strongest weekly gain since mid-June. The rally followed U.S. sanctions on Russia’s top oil producers, raising supply concerns. Analysts cite OPEC+ meetings and U.S.-India talks on Russian oil as key near-term factors.

Defence stocks rallied as the Defence Acquisition Council approved capital acquisition proposals worth approximately Rs 79,000 crore for the Indian Army, Navy, and Air Force. These approvals aim to bolster India s defence preparedness with advanced weapons systems, mobility platforms, and surveillance equipment across all domains.

Hero MotoCorp shares: The company enters the UK market, launching its Euro 5+ Hunk 440 motorcycle through a partnership with MotoGB, marking its 51st global market.

Premier Energies and Syrma SGS Technologies will be in focus on October 24 after announcing a joint acquisition of Pune-based solar inverter maker KSolare Energy for Rs 170 crore. Premier Energies will take a 51% stake and Syrma SGS 49%, with KSolare becoming a subsidiary of Premier Energies. The deal is expected to close within 90 days, subject to approvals.

Reliance Retail has entered India’s 10-minute delivery race with JioMart, leveraging 3,000 stores as delivery hubs and 600 dark stores in top cities. The platform added 5.8 million customers in one quarter, recording 42% sequential growth and a 200% YoY jump in daily orders, signaling a major push into quick commerce and intensified competition with Blinkit, Zepto, and Swiggy Instamart.

Indian stock markets opened on a subdued note this Friday. The Sensex and Nifty saw a slight dip after reaching near record highs. The rally from Thursday lost momentum as optimism about a US-India trade deal waned. The Indian government did not confirm reports of an imminent agreement. Markets are now awaiting further developments.

Five largecap stocks — Infosys, TCS, Info Edge, LIC, and Tech Mahindra — showed a bullish upswing in their Relative Strength Index (RSI) on October 23, indicating strengthening price momentum and potential upward movement, according to data from stockedge.com.

The Indian Rupee strengthened by 9 paise against the US Dollar in early trade on Friday. This rise was supported by a dip in global crude oil prices and positive sentiment surrounding a potential India-US trade deal. However, outflows from Foreign Institutional Investors capped further appreciation. The Reserve Bank of India s intervention at the 87.

Emerging markets are set to outperform the US, with India leading the rally, says Manav Chopra, Executive Director at Nuvama Institutional Equities. He expects a 25% EM upside, a breakout for Indian equities, and silver outperforming gold in a risk-on global setup. FPIs returning could further fuel India’s multi-year bull run.

On October 23, six NSE F&O stocks — Hitachi Energy India, ONGC, IOC, Nuvama Wealth Management, BPCL, and Indian Bank — recorded a sharp rise in futures open interest, with gains exceeding 9%, indicating heightened market participation and position build-up.