Latest Stock Market News

Emerging market assets are poised for a banner year, fueled by strong investor optimism and expected Q4 inflows into equities and bonds. Federal Reserve rate cuts, a softer dollar, and China s stock rally are driving this bullish sentiment among EM fund managers. While country-specific risks and a potential dollar resurgence exist, the outlook remains positive.

Nifty began October positively, breaking its losing streak, with experts eyeing sustained levels above 24,820 for further gains towards 25,000-25,170. While the structure remains fragile, sectors like banking, auto, metals, and defence are poised to drive momentum. Traders are advised to stay hedged and consider accumulating on dips around 24,600, with specific stock recommendations highlighted for potential opportunities.

Markets closed higher on Friday, with Nifty testing key resistance at 24,900. Analysts predict further recovery if this level is breached. Several companies are in focus today. HDFC Bank reported loan growth. DMart and Bajaj Housing Finance showed strong revenue and disbursement gains. Vedanta pushed its demerger deadline. Tata Steel received a demand letter. Bajaj Finance saw AUM jump.

The Reserve Bank of India increased its NDF market intervention. This action aimed to stop rupee depreciation. The rupee hit a record low after US tariffs. Short positions in NDF segments rose significantly in August. This marked a major build-up in nearly five months. The central bank continued its efforts in September. Experts expect continued downward pressure on the currency.

Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around USD 2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore (USD 17.6 billion).

The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.

Canara HSBC Life Insurance will launch its maiden public offer from October 10 to 14, a complete offer-for-sale of 23.75 crore shares by its promoters and PNB. The private life insurer has demonstrated strong financial performance, including significant growth in individual weighted premium income and profit after tax, alongside a robust solvency ratio.

The combined market valuation of seven of the top-10 most valued firms climbed Rs 74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities.

Indian benchmark indices closed up on Friday. Nifty extended its gains, finding support at 24,750. Experts predict Nifty will trade between 24,750 and 25,100. Four stock recommendations are provided for Monday. These include buying GE Vernova, India Glycols, and MRPL. A sell recommendation is given for Coal India. These picks target specific price levels.

Smallcap stocks surged last week, with Stallion India and Orient Technologies leading gains. Top 10 performers rallied 18–42%, driven by sector optimism, festive demand, IT momentum, and commodity price recovery.