Latest Stock Market News

Fabtech Technologies, a pharmaceuticals engineering solutions provider, has filed for an IPO. The IPO will consist of a fresh issue of up to 1.20 crore equity shares, with proceeds used for working capital, acquisitions, and general corporate purposes. The issue will be divided among QIBs, non-institutional bidders, and retail investors.

The dollar remains near its lowest levels of the year as markets anticipate a potential rate cut by the U.S. Federal Reserve. The euro and yen have rallied, with the yen showing significant room for further gains. The Bank of Japan is expected to maintain its policy, while the Bank of England may hold rates steady.

Gold prices remained steady near record highs, with spot gold at $2,582.84 per ounce. Markets are anticipating a U.S. Federal Reserve rate cut, possibly by 50 basis points. The dollar weakened, making gold cheaper for other currency holders. Investors are also focusing on U.S. retail sales data and political instability.

Bajaj Housing Finance made a remarkable debut on the stock market, listing at ₹150, a 115% increase from its IPO price of ₹70. The stock closed at ₹165, making it the most valuable in its segment with a market cap of ₹1.37 lakh crore. Analysts predict further gains in the near term.

Afcons Infrastructure, Quadrant Future Tek, Godavari Biorefineries, Enviro Infra Engineers, and Shivalik Engineering Industries have received approval from Sebi for their proposed IPOs. The IPOs will include a mix of fresh issues and offers for sale by promoters and investors, with significant amounts being raised across these companies.

Many primary issues getting absorbed, stellar listings, most of the businesses doing well, sector rotation coming to the fore, DIIs present, FIIs coming back. I do not see many reasons for the market to correct in a large way.

​​The apprehension that the people earlier had when the IPO of Zomato had come and you saw the seesaw that happened on the stock price, both on the upside as well as on the downside, that was because, yes, India still more or less values companies on profits rather than on revenues.

Sensex rebounded nearly 100 points to hit a lifetime closing high, while Nifty ended just shy of its record peak. Stocks in focus included Macrotech Developers, HDFC Bank, and Adani Green. Analysts suggest cautious approaches for these stocks, with specific recommendations for entry points and target prices.

Asian stocks were steady early Tuesday following a mixed session on Wall Street. Traders are betting on a half-point rate cut from the Federal Reserve this week. Markets in China and South Korea remain shut for public holidays. Investors are also watching the trading debut of Chinese appliance giant Midea Group Co. in Hong Kong.