Latest Stock Market News

Market expert Gurmeet Chadha simplifies retirement planning with a formula linking financial independence to expenses. He suggests a corpus where 6% annual returns cover monthly costs. For Rs 2 lakh monthly spending, Rs 4 crore suffices. He stresses realistic expense estimation and highlights balancing wealth creation with life enjoyment.

Rajesh Bhatia of ITI MF suggests optimism despite a current slowdown, citing India s strong macro context. He advises patience in defence stocks due to high valuations, favors private banks anticipating FY27 growth, and recommends focusing on auto companies gaining market share, irrespective of GST changes. Interest rate cuts and reforms are expected to drive recovery.

Shares of Avenue Supermarts surged 13.8% in seven sessions, hitting Rs 4,725 after breaking key resistance. Analysts highlight bullish momentum, strong volumes, and support at Rs 4,500. Resistance lies at Rs 4,800, with upside potential toward Rs 4,900–5,250 if momentum sustains above Rs 4,600.

Sebi has cleared IPO proposals of five companies, including Innovatiview India, Jinkushal Industries, Advance Agrolife, Runwal Enterprises, and Park Medi World. The issues comprise both fresh equity and Offer-for-Sale components. Proceeds will fund expansion, debt reduction, and shareholder exits. Companies can now proceed to launch IPOs after finalizing timelines.

Rohit Srivastava suggests the market has improved since April, with weaker stocks shaken out, but warns of potential consolidation or a further dip before a full recovery. He anticipates a longer-term bull run post-September, projecting significant growth over the next 18 months to two years, potentially reaching Nifty levels of 30,000-35,000.

Japan s Nikkei share average slid for a second day on Wednesday, coming off of record highs, dragged lower by chip-related companies.

European equities slipped on Wednesday, retreating from a five-month closing high in the previous session, after tech stocks tracked dour performances of their Wall Street peers and as the defence sector faced pressure for a second day.

Gold October futures held steady near Rs 98,800 per 10 grams on MCX despite a strong dollar and easing geopolitical concerns. Analysts warn more downside is likely ahead of the Fed’s Jackson Hole speech, with prices expected to stay volatile alongside silver.

A potential GST cut on automobiles could spark a rally in auto stocks, with Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and TVS Motor seen as key beneficiaries, Nomura said. The brokerage’s scenario analysis suggests upside across all cases, highlighting margin gains and demand boost potential, though Maruti’s near-term outlook remains Neutral pending clarity on the tax cut.

In FY26 so far, 11 stocks within the BSE Auto Index have delivered double-digit gains, with eight names — such as Hyundai Motor India, Bosch, UNO Minda, Hero MotoCorp, TVS Motor, Ashok Leyland, MRF, and Mahindra & Mahindra — soaring between 25% and 50%.