Latest Stock Market News

Indian indices extended gains on Thursday, led by IT and pharma stocks, with Nifty supported by dovish Fed cues. Analysts recommend buy-on-dips with stock picks including KFin Technologies, Ashok Leyland, Axis Bank, and Dr Reddy’s Laboratories.

Sebi dismissed allegations that Adani Group used Adicorp to route funds in violation of related-party norms. The regulator found no evidence of wrongdoing, closing two cases tied to Hindenburg’s 2023 report.

GK Energy raised Rs 139 crore from anchor investors, including Pinebridge, Prashant Jain s 3P India Equity Fund, ahead of its Rs 464 crore IPO opening September 19. Strong institutional interest and robust FY25 growth fuel optimism, despite subsidy-dependence risks.

Sensex closed at 83,013, gaining 320 points on Thursday, as six BSE 200 stocks including Maruti Suzuki, Hyundai, Cummins India, Ashok Leyland, JSW Steel, and Eternal hit fresh 52-week highs, reflecting bullish market momentum and strong investor sentiment.

Intel shares soared over 30% in pre-market trade after announcing a $5 billion investment from Nvidia and a landmark collaboration to co-develop custom data center CPUs and x86 RTX SOCs for PCs, integrating NVIDIA’s AI and Intel’s CPU strengths.

The market valuation of Eternal Ltd, which owns the Zomato and Blinkit brands, surged to Rs 3.26 lakh crore on Thursday following a rally in its stock price, with the company racing ahead of firms like Hindustan Aeronautics, Titan, Avenue Supermarts and Adani Ports in the market capitalisation chart.

Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve s first interest rate cut in nine months.

Jaykay Enterprises surged 20% after subsidiary Allen Reinforced Plastics secured a Rs 94.45 crore order from BrahMos Aerospace for composite parts. The diversified group also advanced in healthcare with a CSIO technology transfer for 3D-printed orthopedic implants. Shares closed 14.5% higher, marking 100% gains in a year.