Latest Stock Market News

LG Electronics is considering an IPO of its Indian business, aiming to raise up to $1.5 billion. Banks like Bank of America, Citigroup, JPMorgan, and Morgan Stanley have been appointed for the potential offering.

ETMarkets identified 5 BSE small-cap stocks that consistently gained in price, trading volume, and delivery volume between September 6th and 13th, suggesting growing investor interest.

Over the last five trading sessions up to September 13, the Sensex rose 2.10% to 82,891, gaining in three sessions. ETMarkets noted eight Nifty200 stocks showed consistent price increases during this period.

Market expert Ajay Bagga discusses the potential for a 25 basis point rate cut by the US Federal Reserve, with further cuts expected in November and December. He highlights the impact on emerging markets, particularly India, and suggests sectors like financials, FMCG, and pharma as promising investments amid global economic easing.

The technology sector is set for a strong recovery, driven by increased investments and new technologies like Generative AI. Key sectors such as BFSI, healthcare, and manufacturing are expected to lead this growth. Service vendors and Global Capability Centers will play crucial roles in this expansion, with companies like HCL Technologies and Coforge positioned for significant gains.

Tolins Tyres IPO Listing: Tolins Tyres IPO was oversubscribed 23.89 times, leading to a 16% increase in its grey market premium. Shares are expected to be listed on Monday, September 16.

Mutual funds invested Rs 35,600 crore in Indian mid-caps in August 2024, while FIIs sold Rs 27,000 crore. Notable mid-cap buys included FirstCry, Delhivery, PNB Housing, and India Cement.

Several companies, including MCX, Rites, and Texmaco Rail, have upcoming record dates for various corporate actions like dividends, bonus issues, rights issues, and stock splits. Shareholders must hold shares in their demat accounts on the record date to be eligible.

A total of 298,110 shares changed hands on the counter till 01:53PM (IST).

As U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend, said Bob Yawger, director of energy futures at Mizuho in New York.