Latest Stock Market News

Solarworld Energy Solutions’ Rs 490 crore IPO has entered Day 3, with strong retail demand pushing overall subscription to 4x by the end of Day 2. The issue, priced at Rs 333–351 per share, shows a grey market premium of 14%. Proceeds will fund projects and corporate purposes, while analysts highlight robust order books and long-term growth potential in solar and battery storage.

JSW Group is set to raise 70 billion rupees. The fund raising will be through zero-coupon bonds. JTPM Metal Traders will issue these bonds. The aim is to finance JSW Paints acquisition. They are acquiring a stake in Akzo Nobel India. The bond issuance is expected to attract significant investor interest.

Oil prices dipped in Asian trade, retreating from a recent seven-week high due to investor profit-taking and supply-demand uncertainty. Brent crude fell to $69.05 a barrel, while WTI crude decreased to $64.72. The earlier price surge was fueled by a surprise drop in U.S. crude inventories and concerns about Ukrainian attacks on Russian energy infrastructure.

Promoters of Polycab India are expected to sell up to 0.81% stake through block deals, setting a floor price of Rs 7,300 per share to potentially raise Rs 887.6 crore. Several promoters, including Inder T. Jaisinghani, will participate in the sale, following a recent dip in Polycab s share price after hitting a 52-week high.

Akzo Nobel India’s promoter Imperial Chemical Industries sold 22.77 lakh shares worth ₹765 crore via block deals to global and domestic funds, with Nippon India MF emerging as the largest buyer, followed by WF Asian Smaller Companies Fund and Goldman Sachs.

Indian indices extended losses for a fourth straight session as Nifty stayed below the 21 EMA, signaling bearish momentum. Analysts expect range-bound moves, while recommending Shipping Corporation and Syrma SGS Technology as bullish picks.

Glottis, a Chennai-based logistics firm, is launching a Rs 160-crore IPO from September 29–October 1, with a price band of Rs 120–129. The fresh issue funds will buy vehicles and containers. Glottis operates PAN-India and internationally, offering multimodal logistics services. FY25 revenue surged 89.3% to Rs 941 crore.

Edelweiss Financial Services launches a Rs 300 crore NCD public issue offering 9–10.25% yields. Tenures range from 24–120 months with annual, monthly, and cumulative interest. Funds will mainly repay debt; debentures carry Crisil A+/Stable rating and will be listed on BSE. Issue opens September 24, closes October 8, 2025.

Feroze Azeez of Anand Rathi Wealth highlights the growing popularity of SIPs among Indian retail investors, viewing them as disciplined savings tools. Retail investors demonstrate more discipline than HNIs, with significant domestic inflows expected in equities. Azeez also emphasizes the potential of capital market stocks and critiques the construction of Indian indices, advocating for active management.

MCX crude oil prices rose to Rs 5,669 per BBL, supported by geopolitical tensions, including Ukraine’s strikes and potential EU sanctions on Russia. Despite robust OPEC supply and steady Russian exports, technical indicators suggest a breakout near Rs 5,729 or a downtrend below Rs 5,429, signaling near-term directional moves.