Latest Stock Market News

According to IPO market watchers, Tata Capital s grey market premium stood at ₹5 apiece, or 1.5%, over the upper end of its price band of ₹326 on Tuesday evening. LG shares were at 27.4%, or ₹312 premium to the upper end of the issue price of ₹1,140.

Wall Street professionals are increasingly concerned about the rapid, massive gains in tech stocks, fueled by OpenAI s expansion and deals with companies like AMD and Oracle. These dramatic market value increases, reminiscent of the dot-com era, are raising fears of an unhealthy bubble and a potential market crash.

Adani Enterprises successfully raised ₹1,000 crore via non-convertible debentures, with ICICI Prudential Mutual Fund investing ₹300 crore. The funds will be utilized for debt repayment, subsidiary support, and corporate expenses. The debentures, rated AA-; Stable , carry an 8.7% interest and have tenors of two to three years.

A former IndusInd Bank official s wife traded Kesoram Industries shares after learning of acquisition talks. She profited significantly. The official also traded other company shares through family members, earning over ₹32 crore. He shared this information with colleagues. The bank is investigating and cooperating with SEBI. This comes after previous accounting irregularities at IndusInd Bank.

The Reserve Bank of India will start a deposit tokenisation pilot on October 8. This initiative will create digital representations of assets like deposits. The pilot will use the wholesale segment of its central bank digital currency. Several banks are collaborating on this project. Tokenisation aims to make transactions faster, cheaper, and safer.

Canara HSBC Life Insurance is preparing for its stock market debut. The company plans to enhance its value of new business margins. This will be achieved by diversifying its product offerings and broadening its distribution network. The IPO aims to raise funds for growth. The insurer has seen significant growth in assets under management and premium income.

Finance Minister Nirmala Sitharaman launched a real-time foreign currency settlement system at GIFT City, replacing a delayed process. This new system enables instant transactions, eliminating the 36-48 hour lag and positioning GIFT-IFSC among global financial centers with local foreign currency settlement capabilities.

The Reserve Bank of India has no immediate plans for a nationwide CBDC launch, prioritizing cross-border arrangements and pilot projects for specific use cases like subsidy schemes. Deputy Governor T Rabi Shankar indicated that progress has slowed compared to previous years, emphasizing the need for international coordination.

Banks are seeking higher offers for the Sahara Star Hotel s debt. Union Bank of India leads the process. JC Flowers ARC had previously offered ₹279 crore for the ₹729 crore debt. Banks aim for a minimum bid of ₹293 crore. The hotel is a valuable property with full security for the loans. An auction is expected soon.

Asian equities experienced a modest decline, mirroring Wall Street s retreat from record highs due to concerns about an overheated market. Technology shares were among the decliners, with a US-listed Chinese shares index falling significantly. The yen also weakened against the dollar, influenced by a leadership change in Japan s ruling party.