Latest Stock Market News

Adani Enterprises on Wednesday approved share sale to large investors via qualified institutional placement (QIP) issue and has set the floor price at Rs 3,117.4750 per equity share.

Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest

TCS is set to report Q2FY25 results on Thursday. Brokerages expect decent numbers due to recovery in BFSI vertical and deal ramps. TCS stock has fallen more than 4% in a month

Zerodha co-founder Nikhil Kamath expressed desire to be a bank but faced challenges. Despite 62% profit growth in FY24, Zerodha remains the second largest brokerage firm behind Groww.

Samir Arora, Helios Capital founder, gives insights on various sectors including NBFCs, FMCG, real estate, and consumption. He mentions the current trends and outlook for these segments, highlighting strong potential in housing finance and microfinance, while noting mixed performance and future prospects for other sectors, particularly impacted by changing consumer behaviors and market conditions.

Indian indices Nifty50 and Sensex opened higher but closed lower due to FMCG and Oil & Gas sectors. RITES and Divi’s Labs saw significant gains, while ITC and Reliance declined.

EaseMyTrip board to consider bonus shares on October 14. This will be the third time the company has issued bonus shares. Details about the ratio and record date not disclosed yet.

Hyundai Motor India plans to launch its IPO on October 15. The company aims to expand with a new plant in Pune, enhance EV offerings, and sustain growth through premiumisation and cost optimisation. The festive season is seen as an opportunity to boost sales. Hyundai prioritises export and Make in India strategies for sustainable growth.

The Nifty IT index closed 0.55 per cent up at 42622.75.

In the filing, the healthcare company said that the eligible investors include but are not limited to identified anchor investors DBS Bank Ltd (DBS), The Hongkong and Shanghai Banking Corporation Ltd (HSBC), Citicorp Investment Bank (Singapore) Ltd., Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.