Latest Stock Market News

Anand Rathi Share and Stock Brokers raised Rs 220.49 crore from anchor investors ahead of its Rs 745 crore IPO opening September 23, with marquee funds participating. Shares command a 7.5% grey market premium, indicating strong listing expectations.

Jaro Institute of Technology Management & Research raised ₹135 crore from 19 anchor investors ahead of its ₹450 crore IPO. Strong demand from marquee funds lifted its GMP to ₹111, signaling a potential 12.5% listing gain.

JPMorgan’s Sanjay Mookim expects India’s equity market to deliver moderate but steady returns, with Nifty seen at 26,500 in FY26. He favours financials, consumption, real estate, power, and defence, stressing fundamentals over flows and highlighting India’s deepening equity participation.

Sebi has approved IPOs of Bharat Coking Coal, a Coal India subsidiary, and aerospace-to-consumer precision manufacturer Aequs. BCCL’s issue will be a pure OFS, while Aequs plans a mix of fresh issue and OFS.

Helios Capital’s Samir Arora said Trump’s H-1B visa order may hurt Indian IT firms by only 5% or less but urged companies to acknowledge and communicate strategies instead of dismissing the issue, warning against complacency.

India Accelerator (IA) has acquired co-working company MySOHO, which has 18 centres across 8 cities, in a cash-equity deal.

Indian IT stocks slid after Trump’s $100,000 H-1B visa fee order, but Motilal Oswal sees margin benefits from higher offshore work. Brokerages suggest selective bets on HCL Tech, Tech Mahindra, Coforge, Infosys, and TCS amid sector volatility.

NSE will hold Muhurat Trading on October 21 from 1:45 to 2:45 pm, marking Diwali celebrations. Volumes are usually light but sentiment positive. This year, Indian markets lag global peers, with FIIs pulling out Rs 1.4 lakh crore. Analysts see tactical buying opportunities despite volatility and global trade tensions.

The US Fed’s first 25 bps rate cut of 2025 signals the start of an easing cycle, though modest in impact. Experts see limited near-term FPI inflows, muted market reactions, and sector-specific gains in IT, pharma, defensives, and housing. Investors are advised to adopt a selective, buy-on-dips strategy.

Warren Buffett’s Berkshire Hathaway has fully exited its 17-year investment in Chinese EV giant BYD, a $230 million bet by Charlie Munger that grew nearly 3,890%, once worth $9 billion. Berkshire cited shifting priorities and geopolitical concerns.