Latest Stock Market News

Euro Pratik Sales IPO allotment is expected to be finalized today, following a 1.41 times subscription. Despite Ashish Kacholia s backing, GMP is modest, hinting at a flat listing on September 23. The IPO, a pure OFS of ₹451.31 crore, saw varied subscription rates across categories, with shares to be credited by September 22.

Siddhi Cotspin, a cotton yarn manufacturer, is set to launch its IPO on Friday. The IPO aims to raise Rs 69.85 crore. It includes a fresh issue of shares and an offer for sale. The subscription will remain open until September 23. The company plans to list on the NSE SME platform on September 26.

GK Energy s IPO, opening Friday with a price band of Rs 145-153, aims to raise Rs 464.26 crore. As India s largest solar-powered agricultural pump EPC provider under PM-KUSUM, it boasts strong revenue and profit growth. While analysts see potential, reliance on government subsidies and negative cash flows pose risks, advising long-term subscription for high-risk investors.

Saatvik Green Energy launches its Rs 900 crore IPO this Friday. The IPO will remain open until September 23. Allotment is expected on September 24, with listing on September 26. The company manufactures solar PV modules and provides EPC services. It plans to use the IPO proceeds to fund expansion and repay borrowings.

Wall Street is nearing record highs, driven by a tech stock surge. Nvidia and Intel s $5 billion partnership boosts the market. Economic reports lift Treasury yields. The Federal Reserve s interest rate cut aims to stimulate the slowing job market. Novo Nordisk s weight-loss drug shows promising results. Cracker Barrel and Darden Restaurants face profit concerns. International markets show mixed performance.

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24.

Capital markets regulator Sebi s chief Tuhin Kanta Pandey on Thursday said there is a need to "accelerate" monetisation of government-held assets in sectors such as railways, roads, airports and energy to help funnel investor money into such projects.

Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its rival. Intel s stock price was up by more than 25 percent, to $31.25 a share on Wall Street, hours after Nvidia said it would come to the aid of one of Silicon Valley s most iconic companies, which has fallen on hard times. arp/dw

SEBI has closed its probe into Adani Group after over two years, rejecting Hindenburg’s allegations. Gautam Adani hailed the move as vindication, stressing transparency, integrity, and the group’s efforts to rebuild investor confidence since the 2023 rout.

Gold prices dropped by Rs 600 to Rs 1,13,200 per 10 grams in the national capital on Thursday, tracking weak local demand and a stronger dollar after the US Federal Reserve s cautious policy stance dampened investor appetite for the precious metal.