Latest Stock Market News

Jaro Education s Rs 450-crore IPO has seen strong investor interest, subscribed 1.95 times by Day 2. The IPO, priced at Rs 846-890 per share, is trading at a grey market premium of 11%. Proceeds will fund marketing, debt repayment, and general corporate needs, with SBI Securities recommending a long-term subscription due to the company s growth and market position.

Indian equity markets are navigating a sideways trend due to valuation concerns and liquidity dynamics, according to Dipan Mehta. Continuous mutual fund inflows are preventing corrections, while fundamentals are hindering strong rallies. GST cuts are expected to boost consumer lending, benefiting banks and NBFCs through increased demand for high-ticket items on EMI.

Gold futures eased 0.14% to ₹1,12,400/10g on MCX Thursday after a strong rally, while silver gained 0.26% to ₹1,34,355/kg. Globally, gold held steady ahead of U.S. economic data, supported by a weaker dollar.

Indian government bonds are trading narrowly. Market participants are awaiting debt supply details. The borrowing calendar for the fiscal second half is expected soon. New Delhi will issue 15-year and 40-year bonds. The Reserve Bank of India s monetary policy decision is due on October 1. Traders are also awaiting states quarterly borrowing calendar. All eyes are on interest rate cues.

Citi has re-initiated coverage on State Bank of India (SBI) with a ‘Buy’ rating and a target price of Rs 1,050, citing strong credit growth, improved returns, and operational efficiencies. The brokerage expects FY26–FY27 loan growth of 13–14%, NIMs of 2.8–2.9%, and ROE of 14–15%. Risks include asset slippages, lower NIMs, and higher credit costs.

Dixon Technologies shares: UBS upgraded the stock to a ‘Buy’ with a ₹23,000 target, implying ~27% upside. UBS highlighted Dixon’s expansion into non-semiconductor smartphone components, expecting EBITDA margins to rise 110 bps by FY28, outperforming consensus estimates.

Housing sales saw a rise of 23% year-on-year in August 2025, fueled by increased volumes and realisations. This marks the third consecutive month of sales volume growth. Supply remained subdued, with launches flat year-on-year. Unsold inventory improved to 17 months. NCR, Bengaluru, Chennai, and Kolkata saw robust growth. Nuvama Research prefers Prestige Estates and Brigade Enterprises.

Seshaasai Technologies IPO: In the grey market, the shares are trading at a 13% premium to the issue price of ₹423, reflecting strong pre-listing optimism.