Latest Stock Market News

Sodhani Capital s IPO opens September 29, aiming to raise Rs 10.71 crore at Rs 51 per share, with a 0% grey market premium. The Jaipur-based mutual fund distributor, profitable but with limited scale, plans to use proceeds for a Mumbai office and app development, facing muted investor sentiment.

Om Metallogic is launching its IPO on September 29 to raise Rs 22.35 crore at Rs 86 per share. The company, which recycles aluminium scrap into alloys, reported strong financial growth with revenue up 55% and profit nearly doubled in FY25. Proceeds will fund expansion and working capital, though market caution exists due to no grey market premium.

Glottis IPO opened for subscription on Monday. The logistics company sought to raise Rs 307 crore. Initial subscription reached 4% within the first hour. Shares commanded a 9% premium in the grey market. The offer will close on October 1, 2025. Proceeds will fund vehicle purchases and infrastructure upgrades. Canara Bank Securities suggested a cautious approach for long-term investors.

Anil Agarwal s Vedanta Resources plans a dollar bond sale. This move aims to repay higher-cost private debt. The company seeks to capitalize on lower borrowing costs. This potential offering follows a previous bond sale this year. It will help cover debt needs until September 2026. The firm also faces delays in its India unit s demerger.

Indian equity markets will observe three trading holidays in October 2025. These closures are for Mahatma Gandhi Jayanti, Dussehra, Diwali Laxmi Pujan, and Balipratipada. A special Muhurat trading session will occur on October 21 from 1:45 pm to 2:45 pm. Markets will also close on November 5 for Prakash Gurpurb Sri Guru Nanak Dev and December 25 for Christmas.

Hawkish dissent at the BOJ hints at a possible rate hike as soon as October, as markets weigh inflation and economic conditions.

Reliance Industries shares present a risk-reward proposition. Citi reports Jio or Retail units are valued at a 15 percent discount. Jio s implied valuation is 15-25 percent below Bharti Airtel. Retail s valuation is 15 percent below prior private equity deals. Citi sets a target price of Rs 1,690. This suggests over 22 percent upside potential. This disparity exists despite growth forecasts.

Reliance Power shares surged 2.7% after the company announced the sale of its Indonesian step-down subsidiaries for USD 12 million. The strategic divestment, involving a Share Purchase Agreement with Biotruster (Singapore) Pte. Ltd. for a 100% equity stake, was viewed positively by the market as a step to unlock value.

While volatility and global uncertainty dominate the short term, Nilesh Shah believes India’s consumption-led growth, structural reforms, and rising domestic flows will sustain the long-term equity story.. Indian markets are caught between FPI fear and domestic confidence. Shah predicts earnings recovery by FY27, driven by tax and rate cuts. Kotak AMC is accumulating IT stocks, while recommending discretionary consumption and defence.

European shares inched up on Monday as healthcare and technology shares rose, while investors focused on a possible U.S. government shutdown that could delay the release of key economic data.