Latest Stock Market News

Ironclad Asset Management has launched Ironclad Ventures, a ₹200 crore SEBI-approved ESOP secondaries fund. It will enable startup employees to monetize stock options while offering HNIs and family offices access to VC-backed startups across fintech, SaaS, AI, consumer, and digital sectors.

Three firms -- Hotel Polo Towers, Bombay Coated & Special Steels and APPL Containers -- have filed preliminary papers with markets regulator Sebi to mobilise funds through initial public offerings (IPOs).

Wall Street s main indexes opened higher on Monday, beginning a potentially turbulent week on a strong footing. Investors largely shrugged off hawkish Federal Reserve remarks and the looming government shutdown. The Dow, S&P 500, and Nasdaq all posted gains, rising 0.13%, 0.27%, and 0.54% respectively at the open.

The rupee rose 3 paise to 88.69 against the US dollar, trading in a tight range due to capital outflows and geopolitical developments. The RBI s upcoming policy meeting and potential intervention are closely watched amidst new US tariffs on drugs. Meanwhile, India s forex reserves dropped, even as domestic equity markets rebounded.

Indian equities will likely stay range-bound this week. Nifty may retest 24,500 support levels. PSU banks will continue to outperform, with Indian Bank as a top pick. Traders can accumulate Indian Bank on dips. Titan and Hindalco will show upward movement. Traders should remain selective and focus on resilient sectors.

Gurmeet Chadha believes a uniform 10% long-term capital gains tax across equity, real estate, and fixed income could unlock fresh growth capital. He emphasizes patient investing despite FII selling and anticipates earnings-led turnaround supported by reforms.

India s heartbeat indices Nifty and the BSE Sensex ended negative on Monday recording their seventh successive loss led by selling pressure in auto, IT and pharma stocks.

Emkay Investment Managers Sachin Shah anticipates a strong market recovery, fueled by robust festive demand and potential GST rate cuts. He views the current correction as a buying opportunity, favoring private banks, NBFCs, and IT services due to structural tailwinds. Shah also highlights long-term growth in cement, driven by domestic consumption and infrastructure spending.

JM Financial initiated coverage on Vishal Mega Mart with a ‘Buy’ rating and Rs 175 target, citing strong presence in Tier 2 towns, high private label contribution (~73%), asset-light model, and growth potential via store expansion. Robust revenue and margin outlook positions VMM as a compelling retail investment.