Latest Stock Market News

Om Freight Forwarders will open its Rs 122 crore IPO on Monday. The three-day issue closes on October 3. Shares are expected to list on October 8. The price band is Rs 128-135 per share. The company reported increased revenue and profit for FY25. Funds will acquire commercial vehicles. Market watchers note a modest grey market premium.

WeWork India announced its initial public offering price band. Shares will be priced between Rs 615 and Rs 648. The company aims to raise up to Rs 3,000 crore. Bidding for the IPO will commence on Friday, October 3. The offering includes a fresh issue and an offer for sale by existing shareholders.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

The Indian rupee faces persistent headwinds, hitting a record low, with central bank intervention anticipated for support. While the RBI is expected to hold policy rates, a surprise cut could further pressure the currency and bond yields. US economic resilience also dampens quick Fed rate cut hopes, influencing global market sentiment.

Sunteck Realty is entering the ultra-luxury housing market with two new Emaance projects in Mumbai and Dubai, targeting a launch by June next year. These exclusive residences, priced from Rs 100 crore to Rs 500 crore, are expected to generate Rs 20,000 crore in revenue, marking the company s first international expansion.

India s 10-year benchmark bond faces heavy selling Monday after the government increased its allocation in the October-March borrowing plan, pushing yields higher. This move, despite reduced overall borrowing, is expected to flatten the yield curve. Traders now await the Reserve Bank of India s monetary policy decision on Wednesday.

Gold prices hit an all-time high Monday, fueled by a weaker dollar and strong expectations for Federal Reserve interest rate cuts later this year. Benign inflation data solidified beliefs of upcoming cuts in October and December, propelling safe-haven bullion amidst economic uncertainty and cautious share markets.

Indian bonds have seen muted trading in recent weeks, with market participants awaiting dovish signals from the Reserve Bank of India to boost sentiment. Analysts say a 25-basis-point rate cut, along with clear guidance on future easing, could push the 10-year yield down by up to 30 basis points, while inaction may prompt a selloff.

Radhika Gupta outlines a step-by-step wealth creation strategy for young professionals, emphasizing disciplined savings and adequate insurance before mutual fund investments. She advises waiting on home purchases and highlights the Edelweiss Tech Fund for global tech exposure and the Altiva Hybrid Long-Short SIF for income generation. Gen AI s impact across all sectors is also discussed.