Latest Stock Market News

BlackRock s Raffaele Savi remains optimistic about equities, citing strong growth drivers and investor caution outside US tech. He dismisses dot-com comparisons, highlighting real revenues in today s tech firms. Savi emphasizes quant funds role in providing steady returns and the importance of combining AI with human judgment to navigate market shifts, advocating for equity-heavy portfolios for better retirement outcomes.

The digital euro project is gaining momentum, potentially launching in mid-2029, according to ECB s Piero Cipollone. Euro-area finance ministers have reached an agreement on customer holding limits, marking a significant step forward. Discussions among member states are progressing positively, suggesting a concrete timeline for the digital currency s introduction.

Insurance firms want the Reserve Bank of India to release a predictable schedule for state development loan auctions. They also want states to stick to their borrowing plans. This helps fund managers plan better. Market experts suggest aligning the SDL calendar with central government borrowing. Overlapping maturities disrupt the government securities market.

Jerome Powell, Federal Reserve Chair, indicated a careful strategy for upcoming interest rate reductions. This contrasts with other Fed officials advocating for quicker action. Stephen Miran suggested a significant rate cut. Michelle Bowman also supported faster cuts due to cooling inflation and a weakening job market. Other Fed officials, like Austan Goolsbee, urged caution, citing inflation above the 2% target.

An individual on Tuesday settled with market regulator Sebi a case of alleged violation of insider trading norms after paying Rs 39 lakh towards settlement charges.

The Indian rupee hit a record low of 88.7975 per dollar, pressured by higher US visa fees, tariffs, weak foreign inflows, and IT sector concerns, making it Asia’s worst-performing currency.

Epack Prefab Technologies garnered Rs 180 crore from anchor investors, including Whiteoak Capital and Morgan Stanley Asia, prior to its Rs 504-crore IPO opening on September 24. The company finalized the allocation of 74.11 lakh shares at Rs 204 per share. Proceeds from the IPO will fund manufacturing expansion and debt repayment.

U.S. stock indexes are hovering near record highs as Wall Street pauses after a strong rally. The Dow Jones Industrial Average is up, while the Nasdaq composite is slightly lower. Boeing s rise is supporting the market, while Nvidia is weighing it down. Gold continues its record-breaking rally, driven by expectations of Federal Reserve interest rate cuts and inflation concerns.

Motilal Oswal expects Indian equities to stabilize as earnings cuts slow. Supportive policies, favorable valuations, and sector-specific improvements could drive a market uptrend and recovery in FY26–27.

Medicap Healthcare plans a Rs 240 crore IPO with fresh equity to expand manufacturing, repay debt, and fund subsidiary investments, strengthening its domestic and international pharmaceutical packaging presence.