Latest Stock Market News

Canara HSBC Life Insurance has set a price band of Rs 100–106 per share for its Rs 2,517.5 crore IPO, entirely an offer for sale by Canara Bank, HSBC Insurance, and Punjab National Bank. The issue opens on October 10 and closes on October 14, with listing planned on NSE and BSE. No fresh shares will be issued.

Despite 15 brokerages recommending Tata Capital s Rs 15,512 crore IPO, its grey market premium (GMP) has fallen to around 3%. This subdued sentiment is attributed to fair IPO pricing, concerns from a recent merger impacting asset quality, and a crowded IPO market stretching investor liquidity, suggesting a cautious approach to short-term gains.

Adani Green share price: Adani Green Energy has secured a $250 million foreign currency loan from a consortium of global banks, including DBS and DZ Bank, to refinance existing debt. The five-year facility at an 8.2% interest rate aligns with the group’s strategy to reduce leverage and manage funding costs.

Kedar Kadam emphasizes that while record SIP inflows indicate a strong structural shift in Indian investing, many investors lack clear financial goals. He advocates for intentional, goal-oriented investing to navigate global uncertainties and market volatility. A selective, disciplined approach, focusing on quality growth and due diligence, is crucial amidst stretched valuations and evolving market dynamics.

George Thomas from Quantum AMC sees renewed optimism for Indian equities. Credit growth is improving, and consumption may revive. Valuations are reasonable after market correction. He advises staying invested and adding to financials and IT. New bets include pharma and logistics. Investors should choose valuation-conscious funds. Global trade talks with the US remain a key trigger.

Over the past year, markets have moved sideways, on account of moderating earnings growth, stretched valuations, global geopolitical headwinds, and relative attractiveness of other markets.

LG Electronics India has raised Rs 3,475 crore from anchor investors ahead of its IPO, which opens on October 7. The company allocated about 3.04 crore shares at Rs 1,140 apiece. The issue is completely an OFS of 10.18 crore shares with a size of Rs 11,607 crore.

Lenskart, which is poised to become India s first eyewear only company to go public, has received approval for a stock market listing, the markets regulator said on Monday.

Billionaire Ray Dalio expressed skepticism over Bitcoin as a reserve currency, citing lack of privacy and potential government controls. He holds a small portion personally, while BTC surges amid macroeconomic uncertainty.