Latest Stock Market News

Coforge shares rose to Rs 1,584 after CLSA initiated coverage with an ‘outperform’ rating and a Rs 2,346 price target, citing strong growth in financial services and travel segments.

At the end of Day 1 bidding, Fabtech Technologies’ IPO was 70% subscribed, with strong participation from QIBs and retail investors. OM Freight Forwarders’ IPO was oversubscribed 1.39 times, led by high demand from NIIs and solid interest from retail and institutional investors.

Major cryptocurrencies, Bitcoin and Ethereum, surged on Tuesday, driven by positive market sentiment following gold s record rally. Bitcoin climbed over 2% to $114,421, while Ethereum rose nearly 2% to $4,203. Experts link this momentum to institutional interest and Bitcoin s historical correlation with gold, despite potential volatility.

Anupam Nagar

Tata Motors’ demerger of its passenger and commercial vehicle businesses takes effect from October 1. Shareholders will receive TMLCV shares, with the CV business expected to list in November, aiming to unlock value and provide both units with greater strategic focus amid JLR challenges.

Hindustan Zinc may gain from silver’s 63% rally this year, with analysts noting its exposure is underpriced, offering potential valuation upside for parent Vedanta.

Raymond James Matt Orton downplays the US government shutdown s market impact, urging investors to focus on strong fundamentals like easing rates and rising earnings. He remains bullish on US equities, dismissing bubble concerns in AI due to robust earnings and lack of debt-fueled excess. Orton advises balancing portfolios and looking beyond market noise.

India s largest mutual fund, SBI Mutual Fund, is actively avoiding ultra-long duration debt, despite recent government supply adjustments. Chief Investment Officer Rajeev Radhakrishnan highlights structural issues like weak demand and tax changes impacting long-term bond yields.

Kuwait has initiated a significant three-part U.S. dollar bond offering, seeking bids for 3, 5, and 10-year maturities. Indicative pricing ranges from 70 to 85 basis points over U.S. Treasuries. Major global banks like Citigroup and JPMorgan are managing the benchmark-sized debt deal, issued under Kuwait s Global Medium Term Note Programme, signaling a key move in international finance.

Advance Agrolife’s IPO saw a 9% subscription on Day 1, with retail investors showing strong interest. Shares are trading at a 10% grey market premium, suggesting a likely listing around Rs 110–111. The IPO closes on October 3, with listing expected on October 8.