Latest Stock Market News

HSBC, Europe s largest bank, has reported promising results from a quantum computing trial in bond trading, conducted in partnership with IBM. The pilot project demonstrated a 34% improvement in predicting bond trade execution likelihood, offering a competitive advantage.

Six Nifty500 stocks, including Netweb Technologies and Samvardhana Motherson, closed below their VWAP on September 24. A close beneath VWAP signals increased selling pressure and potential bearish momentum for intraday traders.

Bengaluru s Ivalue Infosolutions is set to launch on the market. Its Rs 560 crore IPO closed recently. The IPO was subscribed 1.82 times. Anchor investors invested Rs 168 crore. The company specializes in digital transformation. It operates in multiple countries. Revenue for FY25 reached Rs 942 crore. Net profit rose to Rs 85.3 crore.

JD Cables, a Howrah-based manufacturer, will launch on the BSE SME platform. The IPO saw strong investor interest, subscribing 127.8 times. The IPO price was finalized at Rs 152 per share. Grey market activity indicates a premium. Retail investors, QIBs, and NIIs showed significant demand. The company will use IPO proceeds for working capital and debt repayment.

Jinkushal Industries, India s leading non-OEM construction machinery exporter, is set to launch its Rs 116 crore IPO on September 25, with a price band of Rs 115-121 per share. The IPO has garnered significant grey market interest, and Anand Rathi Research recommends a Subscribe – Long Term rating, citing the company s strategic shift towards its HexL brand.

Trualt Bioenergy launches its IPO today, closing on September 29. The IPO price is between Rs 472 and Rs 496 per share. The company aims to raise Rs 839.28 crore through fresh issue and OFS. The IPO proceeds will fund expansion and working capital. The shares will be listed on NSE and BSE on October 3.

Investors, take note. Today is the final day to buy shares of companies like MOS Utility. This is to be eligible for upcoming stock splits and bonus issues. PVV Infra and RM Drip are splitting their stocks. Chandra Prabhu International and KKV Agro Powers are among those issuing bonus shares. Ensure shares are in your demat account by today s end.

Nazara Technologies investors, take note. September 25 is the last day to buy shares for the bonus issue and stock split. Shares will trade ex-bonus and ex-split from September 26. The company announced a 1:1 bonus and a 1:2 stock split. This aims to improve liquidity and affordability. Investors will see their share count increase.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources: