Latest Stock Market News

Raamdeo Agrawal predicts India will become a $32 trillion economy by 2047, entering a golden era of wealth creation. He stresses discipline and patience for investors, seeing India as a once-in-a-lifetime compounding opportunity driven by GST cuts, credit growth, and strong fundamentals. Banks, NBFCs, and consumer sectors are expected to lead this charge.

LG Electronics India s IPO opens tomorrow, October 7, with strong grey market buzz predicting a 22% listing gain. Priced at Rs 1,080-1,140 per share, the Rs 11,607-crore offering has analysts recommending "Subscribe" due to LG s market leadership and growth prospects in India s booming home appliances sector. Listing is expected on October 14.

Netweb Technologies shares surged 19%, hitting a 52-week high on robust AI infrastructure order wins, cloud adoption tailwinds, expansion initiatives, strong technical momentum, and rising profitability, attracting investor attention in tech.

Healthcare stocks anticipate improved margins and steady growth following policy changes, with Apollo and Fortis noted as attractive. Marico demonstrates stable FMCG performance despite profitability pressures from rising copra prices and GST. Conversely, Avenue Supermarts faced growth headwinds, while large primary issuances may temporarily impact secondary market liquidity.

Aditya Birla Lifestyle shares: The stock surged after a major block deal of over 7 crore shares (5.93% equity) took place. Flipkart Investments is reported to be the seller, with the deal executed at Rs 130 per share, totaling over Rs 900 crore. The transaction, attracting multiple institutional investors, highlights sustained interest in India’s premium lifestyle and apparel sector.

India’s mega IPO market, defined by issues over Rs 10,000 crore, has long disappointed investors, with Paytm, LIC, and Coal India leaving losses in their wake. However, the trend appears to be reversing: newer large listings such as Hyundai Motor India, Swiggy, and HDB Financial are trading above issue prices, suggesting the Rs 10,000-crore IPO curse may finally be easing.

Seven IPOs, from SME and mainboard segments, are set to debut amid mixed subscription levels. Grey market trends suggest cautious sentiment, with most listings likely to open around issue prices.

Poonawalla Fincorp shares surged following a strong Q2 FY26 business update. The company reported Assets Under Management of Rs 47,625 crore, up 67.7% YoY and 15.4% QoQ, along with a healthy liquidity of Rs 6,200 crore. Management highlighted a “risk-first” approach, robust risk management, and focus on sustainable long-term growth.

Forex traders said the rupee is trading in a tight range as it remains under pressure due to continued capital outflows and geopolitical developments.