Latest Stock Market News

Indian stock markets will remain open on September 16, the day of Eid-e-Milad-un-Nabi. Markets will be closed on Mahatma Gandhi Jayanti, Diwali, Gurunanak Jayanti, and Christmas. The BSE Sensex and NSE Nifty fell slightly on Friday. FIIs have been net buyers in the cash market, with retail inflation rising to 3.65% in August.

On the options front, the maximum Call Open Interest (OI) is concentrated at the 26,000 strike, followed by the 25,400 strike. For Put OI, the highest positions are at the 25,000 strike, followed by the 24,500 strike. Call writing is noted at the 26,000 and 25,350 strikes, while Put writing is observed at the 25,300 and 24,900 strikes.

Australian shares neared a record high on Monday, driven by a surge in gold stocks amid rising bullion prices. Investors are anticipating a rate cut by the U.S. Federal Reserve later this week. The S&P/ASX 200 index rose 0.5%, with financials and miners also showing gains.

Asian stocks began the week cautiously with the U.S. expected to start an easing cycle. Central banks in Japan and the UK are likely to maintain current rates. Economic data from China showed slowing growth, while U.S. retail sales and industrial production are on the watchlist. Geopolitical tensions remain high.

Gold prices rose slightly on Monday, supported by a weaker dollar and the possibility of a more aggressive rate cut by the U.S. Federal Reserve at its upcoming policy meeting. Spot gold increased by 0.2% to $2,580.81 per ounce, while U.S. gold futures edged lower by 0.1% to $2,608.60.

Technical indicators suggest a bullish trend for Nifty with a short-term target of 25,700 and strong support at 25,000. Analysts predict a mid-term target of 26,980. Key stocks to watch include Bank of Baroda, IndusInd Bank, Kotak Bank, ICICI Bank, and DLF. Traders are advised to remain long on both indices.

Northern Arc Capital, a mid-tier nonbanking finance company, plans to raise ₹500 crore through fresh equity and ₹277 crore via an offer for sale by existing investors. The company focuses on lending to MSMEs, microfinancing, and consumer financing. Its assets under management grew by 28% annually between FY22 and FY24.

Several regional companies like PN Gadgil, Arkade Developers, and Manoj Vaibhav Gems N Jewellers have recently launched IPOs, with some outperforming their national peers. These businesses attract private equity due to their strong local market expertise but face risks such as high business concentration and limited market size.

Rahul Shah, V-P, Equity Advisory of MOFSL highlights the recent performance of PSU and private sector banks, suggesting a diversified investment in five to six banks. He also notes the potential in two-wheeler stocks like Bajaj, Hero, and Eicher. The upcoming Bajaj Housing Finance listing is expected to boost housing finance stocks.