Latest Stock Market News

Standard Chartered India to launch US dollar clearance from GIFT city on October 7, CEO says.

US stock market shows signs of fatigue. Investors are waiting for the Federal Reserve s rate cut decisions. Artificial intelligence drives growth in US and China. Geosphere Capital s Arvind Sanger advises caution due to volatility. He highlights India s GST efforts but notes global challenges. Energy demand is stable. Buying opportunities exist in India amid global uncertainty. Clarity on trade is crucial.

Indian markets are currently experiencing significant activity across various sectors. Pharma companies like Glenmark, Dr Reddy s, and Lupin are making advancements. Credit card spending is expected to rise, potentially benefiting SBI Card. Several companies, including Birla and Raymond, are venturing into real estate. However, real estate demand is currently subdued, and oversupply in MMR might pressure prices in the future.

Indian equity market is seeing caution as Nifty has slipped below 25,000. Market participants are watching support levels. Nifty may head towards 24,800. Bank Nifty is hovering around 55,000. Tata Motors is under selling pressure. MCX is showing strength. Market watchers advise monitoring key levels for further downside pressure. A long-short approach is suggested for investors.

NSE’s unlisted shares have fallen 17% from their May peak amid Sebi scrutiny of weekly options and IPO speculation. The drop mirrors pressure on BSE and MCX, even as NSE prepares for its long-awaited listing and retains dominance in India’s equity market.

Finance Buddha, backed by Ashish Kacholia, MS Dhoni Family Office, and CAMS founder Shankar V, has secured NSE Emerge approval for its SME IPO. The phygital lending platform serves customers across 30+ states, offering retail credit solutions through its agent-led marketplace and digital platform.

Advance Agrolife Limited is launching its IPO. The price is set between Rs 95 and Rs 100 per share. The IPO will open on September 30 and close on October 3. The company aims to raise Rs 193 crore through this initial share sale. The raised capital will support working capital needs. The company manufactures agrochemical products.

Sebi is set to resolve the long-pending co-location and dark fibre cases involving the National Stock Exchange (NSE) by early October, potentially clearing the path for its long-awaited IPO. The settlement, pegged at around Rs 1,400 crore, would enable the issuance of a No Objection Certificate (NoC), a crucial step for NSE’s listing process.

The unique investors base on the National Stock Exchange of India (NSE) crossed the 12-crore mark on September 23, with the latest 1 crore addition taking place in just eight months, the bourse said on Thursday.

HSBC upgraded Britannia and Nestle to Hold from Reduce, citing GST cuts and better consumer sentiment. Both companies, with high exposure to impulse categories, are expected to see stronger EPS growth and improved valuation multiples.