Latest Stock Market News

Oil prices saw a slight uptick as markets momentarily overlooked oversupply concerns following OPEC+ s decision to limit November production increases. Brent crude and WTI futures experienced modest gains. Analysts suggest that until physical market signs of softening emerge, investors will likely discount the impact of production hikes, with fears of Russian supply disruptions also easing.

The U.S. dollar surged to a six-week peak as escalating government shutdown fears drove investors towards safe-haven assets. Gold prices hit new highs amid global economic uncertainty. Meanwhile, the yen weakened against the dollar on speculation about Japan s new prime minister s economic policies. Central bank decisions from New Zealand and the U.S. Federal Reserve are also on the horizon.

Sunsky Logistics is set for its BSE SME debut on October 8 following a modest IPO subscription of 1.46 times, with retail investors showing under-subscription. The grey market shows no premium, indicating muted sentiment. The company, offering multimodal logistics services, raised Rs 16.84 crore and reported sharp financial growth on a small base.

Sheel Biotech, a leader in agri-biotech solutions, is set for its NSE SME debut on October 8 with a Rs 34 crore IPO. The company, boasting over three decades of experience in tissue culture and organic farming, saw strong investor demand, with its issue subscribed nearly 16 times. Financials show steady growth, and IPO proceeds will fuel expansion.

Zelio E-Mobility s initial public offering is set for its BSE SME debut on October 8. The IPO closed with moderate investor interest and no grey market premium. The company manufactures electric two and three-wheelers. Its revenue and profit have shown significant growth. The debut is anticipated to be cautious due to subscription levels.

Chiraharit s SME IPO closed with decent subscription, driven by retail investors, and will list on October 8. The company, which provides EPC solutions for water and renewable energy, aims to expand its manufacturing capabilities. Analysts anticipate modest listing gains of 5-10% due to a cautious market and small issue size.

Keystone Realtors has announced strong sales performance. The real estate firm saw its sales bookings climb by 9 percent in the second quarter of this fiscal year. This brings their total sales bookings to Rs 763 crore. This growth reflects improved demand for their properties. Sales in the first six months also saw a significant 40 percent rise.

Antique Broking has maintained its Buy rating on Trent Ltd, setting a target price of Rs 7,031, implying an upside potential of 47% from the current market price of Rs 4,771.

Eight largecap stocks, including Bharti Airtel, M&M, Reliance Industries, and Bajaj Auto, showed bullish RSI momentum on October 7, signalling strengthening price trends and potential upside.