Latest Stock Market News

Hawkish dissent at the BOJ hints at a possible rate hike as soon as October, as markets weigh inflation and economic conditions.

Reliance Industries shares present a risk-reward proposition. Citi reports Jio or Retail units are valued at a 15 percent discount. Jio s implied valuation is 15-25 percent below Bharti Airtel. Retail s valuation is 15 percent below prior private equity deals. Citi sets a target price of Rs 1,690. This suggests over 22 percent upside potential. This disparity exists despite growth forecasts.

Reliance Power shares surged 2.7% after the company announced the sale of its Indonesian step-down subsidiaries for USD 12 million. The strategic divestment, involving a Share Purchase Agreement with Biotruster (Singapore) Pte. Ltd. for a 100% equity stake, was viewed positively by the market as a step to unlock value.

While volatility and global uncertainty dominate the short term, Nilesh Shah believes India’s consumption-led growth, structural reforms, and rising domestic flows will sustain the long-term equity story.. Indian markets are caught between FPI fear and domestic confidence. Shah predicts earnings recovery by FY27, driven by tax and rate cuts. Kotak AMC is accumulating IT stocks, while recommending discretionary consumption and defence.

European shares inched up on Monday as healthcare and technology shares rose, while investors focused on a possible U.S. government shutdown that could delay the release of key economic data.

Japan s Nikkei slipped on Monday for a second consecutive day, retreating from record-high levels reached last week, as numerous stocks lost their dividend entitlements.

Vascon Engineers shares surged up to 14% to a 52-week high after signing a five-year MoU with Adani Infra as its execution partner. The collaboration covers projects from design to execution, with three Mumbai projects already identified, marking a long-term strategic partnership.

Om Freight Forwarders’ Rs 122 crore IPO opened on Monday with 20% subscription in early trade. Priced at Rs 128–135 per share, the issue includes a Rs 24.44 crore fresh issue and Rs 97.88 crore OFS. The grey market premium stands at 8%. Retail investors can enter with Rs 14,985, while HNIs must invest upwards of Rs 2 lakh.

Silver touched an all-time high of Rs 1.44 lakh/kg on the MCX, driven by macroeconomic tailwinds, industrial demand, and safe-haven buying. Robert Kiyosaki predicts a fivefold return in a year. Strong fundamentals, ETF inflows, green energy demand, and Fed rate easing support the bullish outlook.

The Indian FMCG sector anticipates a gradual recovery, with initial volume growth moderated by GST rationalization as consumers await lower prices. Impulse categories like biscuits and snacks are poised for an early boost from November due to reduced unit taxes.