Latest Stock Market News

Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals.

Steptrade Capital invested Rs 177 crore across 63 IPOs in two years, spanning Mainboard and SME issues, achieving an average listing gain of 35%, highlighting institutional capital’s growing role in India’s IPO market.

Ace investor Ashish Kacholia added Jain Resource Recycling to his portfolio, marking a 50-stock milestone; the smallcap IPO surged 41% post-listing, with Kacholia holding 1.14% valued at Rs 128 crore.

India’s Nifty and Sensex extended gains for a fourth day. Nykaa, Indraprastha Medical, and BLS International led rallies, while KIOCL, Trent, Glottis, and Fabtech faced profit booking and weak listings.

Zinc contracts on MCX rose 0.27% to Rs 294/kg, defying global declines. Supply shortages, low LME stocks, and refining bottlenecks supported prices, while technical indicators suggest bullish momentum with potential upside to Rs 310.

Titan Company’s Q2 performance showcased 20% overall growth, led by 86% international jump. Domestic jewellery, watches, eyewear, and emerging businesses expanded, with 55 new stores added, strengthening retail presence to 3,377 outlets.

The Sensex surged 136 points to 81,927, with 11 BSE 500 stocks hitting 52-week highs. Key gainers include Hindustan Copper, NLC India, Canara Bank, Hindustan Petroleum, and Muthoot Finance, signaling strong bullish momentum.

Wall Street s main indexes opened higher on Tuesday, a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a slate of Federal Reserve speakers for policy signals.

NYU’s Aswath Damodaran warns that while U.S. stocks appear richly valued, timing a correction is risky. He highlights rising valuations, driven by major tech stocks, and offers five strategies for investors. Damodaran stresses that even when markets look overpriced, predicting corrections is highly uncertain and requires careful planning.