Latest Stock Market News

Markets declined due to global and domestic pressures, with the Nifty testing support at 25040. Glenmark Pharma partnered with Hengrui Pharma, while Adani Energy Solutions achieved Zero-Waste-to-Landfill certification. Poly Medicure will acquire Citieffe Group, and Dr Reddy s and Hetero Labs will sell generic HIV prevention drugs. Tata Motors faced supplier payment issues due to a cyberattack.

Indian pharmaceutical and healthcare firms are set for a significant fundraising push, aiming to garner ₹12,000-13,000 crore through IPOs in the coming months. Approximately fifteen companies are expected to enter the primary market, with fertility and women s health segments particularly in focus.

Quadria Capital is exploring options to sell its stake in Encube Ethicals. The healthcare investor considers both a controlling stake sale and an IPO. Encube Ethicals, a dermatology firm, is valued at $2.2 billion. KKR, Blackstone, and EQT show interest in acquiring a stake. JP Morgan is already mandated for the sale.

Quest Global, the engineering services outsourcing firm, is planning a pre-IPO funding round aiming for a valuation between $3 billion and $3.5 billion. The company intends to sell a 5-6% stake, seeking $200-$225 million from a new investor, involving both primary and secondary share sales.

JSW Group plans to raise funds for acquiring AkzoNobel India. The group will issue non-convertible debentures to raise ₹7,000 crore. JTPM Metal Traders will handle the issuance. The bonds have a tenure of four years and seven months. They offer an IRR of 8.5%. The NCDs are backed by corporate guarantees from JSW Group entities.

Asian stocks showed mixed performance following Wall Street s losses, as an AI-driven rally showed signs of fatigue. Investors are closely watching policy risks, including US investigations into imports and concerns over visa issues affecting Korean investments. Attention is now shifting to upcoming economic data and potential impacts on market direction as October approaches.

Gold prices saw a rise. This happened because people think the U.S. will cut interest rates again. Geopolitical issues also played a role. The dollar s slight weakness helped too. Investors are waiting for the PCE price index report. This report will give clues about future interest rate decisions. Jobless claims data may offer insights into the job market.

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market awaits key inflation data, while sectors showed mixed performance, with materials declining and energy rising. Company news included a surge for Lithium Americas and a drop for Micron Technology, influencing overall market sentiment.

The U.S. dollar remained stable as traders assessed the likelihood of gradual Fed easing, influenced by cautious policymaker remarks and awaited data reflecting tariff impacts. Uncertainty surrounding future easing has led to doubts about an imminent rate cut next month.

Trading below the 200 DMA is a negative signal because it indicates that the stock s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders to determine a particular stock s overall trend.