Latest Stock Market News

Oil prices rose one percent on Monday. OPEC+ announced a smaller production increase than expected. Output will rise by 137,000 barrels per day from November. This decision aims to support oil markets. Analysts predict continued price weakness due to global economic conditions. Supply disruptions from sanctions and Ukraine attacks are noted. G7 nations plan steps against Russian oil.

Ameenji Rubber is set to list on BSE SME on October 6. Its Rs 30 crore IPO received 2.21 times subscription. The company manufactures rubber engineering products for railways and infrastructure. It reported Rs 94.43 crore revenue and Rs 8.03 crore profit in FY25. IPO funds will support machinery modernization and debt repayment. Promoter holding stands at 67.72 percent post-issue.

Bhavik Enterprises will debut on the BSE SME platform on October 6. It raised Rs 77 crore through its IPO. The issue received a subdued response and showed no grey market premium. The stock may list near its Rs 140 issue price. Bhavik Enterprises trades polymers for diverse industries. The company reported revenue growth but a profit decline.

Tata Capital s Rs 15,512-crore IPO, one of the year s largest, will open for subscription with strong anchor investor participation. Priced at Rs 310-326 per share, the third-largest diversified NBFC is valued slightly below industry average, offering headroom for investors. Brokerages broadly recommend "Subscribe" given its strong financials and Tata Group backing.

Tata Capital s CEO discusses the upcoming IPO, a significant event for the year. The company set the share price to allow wide investor participation. Proceeds will augment Tier-1 capital. This capital will support loan book expansion. Tata Capital plans to strengthen its position in financial services. The company maintains its credit quality.

Stocks like Asian Paints, Pidilite Industries, and Power Finance Corporation closed above their 200-day moving averages, signaling a potential bullish trend in select Nifty500 names.

Tata Steel, Power Grid, and AU Small Finance Bank are among seven Nifty200 stocks showing a bullish RSI upswing, signalling strengthening momentum.

Tata Capital s upcoming IPO is priced at a discount, reflecting its lower net interest margin and return ratios compared to peers. While its loan book grew significantly, a merger with Tata Motors Finance increased its gross NPAs. Investors are advised to observe its financial performance post-listing.

Japan s largest pension fund is considering impact investing. This decision is influencing other Japanese money managers. The government supports this strategy to address national challenges. These include an aging society and gender inequality. Impact investing focuses on climate, health, and inclusivity. This approach aims for economic and capital markets growth. It provides a driver for company development.