Latest Stock Market News

Adani Power shares experienced a decline following profit booking after a significant surge post-stock split and positive brokerage views. Morgan Stanley s optimistic outlook, projecting substantial growth in capacity and profitability, initially fueled the rally. However, investors cashed in on gains despite SEBI s clearance of stock manipulation allegations, impacting other Adani Group stocks as well.

India’s equities look attractive as domestic demand, lower earnings expectations, and resilient services support growth, says James Sullivan of JPMorgan. Despite FPI outflows, strong domestic inflows and favourable valuations create upside potential, making sectors like consumer, financial services, and discretionary key investment plays.

Anand Rathi Share and Stock Brokers launches its Rs 745 crore IPO, featuring a price band of Rs 393–414 per share. The IPO aims to fund working capital and general corporate needs. With strong financial growth, the brokerage exhibits robust revenue and profit increases, supported by a growing client base and digital platforms, recommended as "Subscribe for the long term".

Vedanta share price: The government has rejected Vedanta’s request to extend the production sharing contract (PSC) for the CB-OS/2 Cambay Basin oil and gas block, reverting control to ONGC. The decision impacts the Lakshmi and Gauri fields, which produce 3,400 barrels of oil daily, and marks a setback for Vedanta’s energy business.

Jaro Institute s Rs 450 crore IPO opens on Tuesday. The price is Rs 846-890 per share. The IPO includes a fresh issue and an offer for sale. Funds will be used for marketing and debt repayment. Jaro partners with IITs, IIMs, and foreign institutions. Revenue and profit have grown significantly.

NSB BPO Solutions launches its IPO today, aiming to raise Rs 77.91 crore. The IPO price is between Rs 140 and Rs 147 per share. The IPO will remain open until September 25. Listing on BSE SME platform is scheduled for September 30. The company plans to use the funds to repay debt and expand operations.

KEC International share price: KEC International has secured new international Transmission and Distribution (T&D) orders worth Rs 3,243 crore, including 400 kV transmission line projects in the UAE and tower, hardware, and pole supplies in the Americas. The company said this is its largest-ever EPC order in the international T&D segment.

Indian government bond yields are anticipated to fluctuate narrowly as the market awaits the borrowing calendar for the second half of the fiscal year. Investors are concerned about the potential oversupply of longer-tenor debt. States are set to raise 270 billion rupees through bond sales, exceeding the initial schedule, while the RBI urges them to diversify borrowing tenures.

Birla Corporation s stock is set to gain attention as its subsidiary, RCCPL Private Ltd, secured the Preferred Bidder status for a Limestone and Manganese block in Telangana. Awarded by the Government of Telangana, the block spans 3.34 sq km in Adilabad district.