Latest Stock Market News

The initial public offer of GK Energy Ltd, a solar-powered agricultural water pump systems provider, received a whopping 89.62 times subscription as it drew to a close on Tuesday.

Indian markets fell for the third straight session, dragged by FMCG and IT stocks, though Nifty held key support near EMAs. Analysts expect consolidation between 25,100–25,400, while recommending four bullish stock picks: Godawari Power, NLC India, TCI Express, and Sharda Motor.

Ace investor Radhakishan Damani and Aryaman Jhunjhunwala’s trust bought shares worth over Rs 166 crore in NDR InvIT Trust via block deals, lifting the stock 4.35% and hitting a fresh 52-week high.

Mumbai-based real estate developer Suraj Estate Developer has launched a luxury residential project with a gross development value of Rs 250 crore, according to an exchange filing.

Despite a minor dip in the Sensex, several auto stocks have surged to their 52-week highs, signaling strong investor confidence and bullish momentum. Eicher Motors, Maruti Suzuki, Ashok Leyland, and MRF have all recorded significant gains over the past month, highlighting a robust rally in the BSE Auto index.

Silver has surged 55% year-to-date in 2025, hitting record highs near Rs 1,35,000 on MCX. Driven by safe-haven appeal, industrial demand, rupee weakness, and festive boost, analysts expect prices to breach Rs 1,40,000–1,50,000 before year-end, reflecting a further 12% upside. Where silver holds an edge over gold is its cheap valuations, offering a higher rate of return.

Shrikant Badve, founder of Belrise Industries, has joined India’s billionaire club as shares hit record highs. Holding a 59.56% stake worth Rs 8,623 crore, his company’s strong growth prospects and analyst upgrades fuel investor optimism.

Vodafone Idea shares surged 7% intraday amid investor hopes for Supreme Court relief on Rs 9,450 crore AGR dues. The apex court will hear the plea on September 26, a crucial decision impacting funding plans, debt resolution, and operational continuity for the debt-laden telecom operator seeking clarity on dues reconciliation.

Nomura reaffirmed its bullish stance on India’s steel sector, citing strong domestic demand, Chinese production cuts, and potential Beijing stimulus. It raised targets for JSW Steel (Rs 1,300) and Jindal Steel (Rs 1,150), forecasting capacity-driven growth and EBITDA expansion. Import curbs, firm demand, and improving pricing dynamics support sector outlook.