Latest Stock Market News

U.S. markets are navigating a complex landscape of new tariffs, a thriving AI sector, and revised economic data, creating investor uncertainty. Peter Cardillo suggests the announced pharmaceutical tariffs are a negotiation tactic, while AI continues to attract significant investment. He cautions against overemphasizing strong GDP figures, citing unusual trade flows, and highlights inflation as a key market driver.

Jinkushal Industries Rs 116.15-crore IPO saw strong investor demand, being fully subscribed on its first day. Retail and NII categories showed robust interest, while QIB interest was muted initially. The IPO, priced at Rs 115-121, has a grey market premium of Rs 20, indicating positive sentiment.

Foreign investors continued their selling spree of Japanese equities for the second consecutive week, totaling 1.75 trillion yen, driven by profit-taking after a record-setting rally. This trend contributes to a potential 11th straight year of net outflows in September. Meanwhile, Japanese investors increased their holdings of foreign long-term bonds, marking the fourth consecutive week of net purchases.

GK Energy shares climbed 6.6% to ₹175.95, taking total IPO listing gains to nearly 15% after debuting at an 11.8% premium.

Indian government bond yields experienced a slight increase as markets anticipated new debt supply. The auction results are expected to influence market sentiment for the second half of the fiscal year, with traders closely monitoring the upcoming debt supply calendar and state borrowing schedules. The Reserve Bank of India s monetary policy decision on October 1 is also awaited.

A new US tariff on branded pharmaceuticals has sparked concerns for Indian drugmakers, particularly regarding branded generics and CDMOs. Market expert Sandip Sabharwal favors auto stocks like Maruti and M&M, anticipating benefits from rupee depreciation. He also cautions against the current IPO rush, deeming valuations too high and preferring to remain on the sidelines.

Japanese government bonds saw limited trading as investors prepared for the weekend. Attention focused on the Bank of Japan s potential policy tightening and the selection of the next prime minister. Short and medium-term bond yields were slightly lower after reaching highs earlier in the week. Expectations grew for a possible rate hike by the BOJ next month.

The US has imposed a 100% tariff on branded and patented pharmaceuticals, targeting imports from India’s $10 billion export industry. While generics remain unaffected for now, uncertainty persists around complex drugs. Sun Pharma, Dr. Reddy’s, Cipla, and Zydus face the highest risks due to significant US revenue exposure.

Bitcoin experienced a dip, trading around $109,506, reflecting market caution despite a bullish long-term outlook fueled by supply reduction and institutional interest. Ethereum, XRP and Solana also saw declines. Market experts suggest upcoming macro releases and the $22 billion monthly options expiry could further influence volatility. Spot buyers are stepping in, indicating long-term conviction remains intact amidst short-term fluctuations.

Hindustan Aeronautics Limited shares are soaring. This follows a major contract from the Defence Ministry for 97 Light Combat Aircraft Mk1A. Analysts predict further stock gains. The deal is worth over Rs 62,370 crore. Deliveries are expected to start in FY28. The aircraft will have over 64% indigenous content. This project will boost India s domestic aerospace sector and create jobs.