Latest Stock Market News

Copper traded flat on MCX while slipping on global exchanges amid weak sentiment, China’s lower imports, and dollar stability. Supply disruptions, strong infrastructure demand, and energy transition keep outlook moderately bullish, though technical charts signal near-term consolidation.

ICICI Prudential Asset Management Co., India’s second-largest asset manager, has commenced investor roadshows in preparation for its planned initial public offering. The IPO, backed by Prudential Plc and ICICI Bank Ltd., aims to raise approximately $1.1 billion through the sale of a 10% stake held by Prudential, valuing the money manager at around $11 billion.

JPMorgan’s Sajjid Chinoy warns emerging markets face headwinds from rising U.S. tariffs, Chinese overcapacity, and automation reshaping export-led growth. He highlights India’s stability but stresses boosting labour-intensive exports and reforms to sustain long-term growth momentum.

Nvidia plans a $100B investment in OpenAI, reinforcing its AI dominance. The deal secures GPU demand, strengthens partnerships, and positions Nvidia as the backbone of next-gen AI infrastructure despite risks.

Shares of Maruti Suzuki, Hyundai Motor, M&M, Eicher Motors, Tata Motors, and Hero MotoCorp surged up to 5% on Tuesday, September 23, after a strong start to Navratri and the rollout of GST 2.0. By 9:30 am, the Nifty Auto index was up 2%, led by Hyundai, while other major automakers also posted solid gains.

Flipkart is boosting its fintech arm, Supermoney, with a fresh $30 million investment, following a $20 million infusion last year. Supermoney, now a top UPI app in India, is expanding into lending and stock broking. It plans to raise external funds and aims for profitability by year-end, having already disbursed over $700 million through lending partners.

Indian government bonds experienced a slight dip as traders await borrowing calendars. The rupee hit a record low of 88.5650, pressured by visa fee hikes and muted equity flows. The RBI urged states to spread borrowing across tenures. The second-half borrowing plan will be crucial, with states set to raise 270 billion rupees through bond sales.

GK Energy IPO: The IPO’s grey market premium has eased slightly, now at about 12% over the issue price of ₹153 versus 13% earlier. The small dip suggests a mild sentiment cooldown, even as official bidding remains strong.

Digital real estate platforms like Alt DRX are democratizing property investment in India, traditionally limited to high-net-worth individuals. By enabling investments as small as one square foot and offering seamless online onboarding, these platforms break down barriers. Investors can diversify across geographies and asset types, enjoying liquidity through secondary sales, mirroring the flexibility of equity markets.

Pidilite Industries share price experienced a significant adjustment on September 23, dropping to Rs 1,493.35. This was not due to a crash, but rather a correction following a 1:1 bonus issue. The company had set September 23 as the record date for bonus share eligibility, aiming to boost retail participation and stock liquidity.