Latest Stock Market News

Eimco Elecon shares: Ace investor Vijay Kedia, through Kedia Securities Pvt Ltd, acquired shares worth Rs 11 crore via a bulk deal at Rs 1,906.71 per share, a 4.4% premium to the previous close.

Indian equities continued their upward trend for a fifth consecutive session on Wednesday, with the Sensex and Nifty opening higher. Investors remained optimistic ahead of quarterly earnings, with IT stocks spearheading the gains. However, analysts cautioned that profit-taking might moderate the advance later in the day.

Godrej Consumer shares: The company projected mid-single-digit consolidated revenue growth for Q2 FY26, supported by GST rate cuts and steady performance across markets. Nearly one-third of its portfolio—including soaps, shampoos, talcum powders, and shaving creams—now faces a reduced GST rate of 5%, down from 18%.

LG Electronics India IPO: In the grey market, the IPO is commanding a premium of ₹305, or about 26.75% above its issue price of ₹1,140, indicating a likely listing price near ₹1,445.

Gold hits a record $4,000/oz, driven by economic uncertainty, Fed rate cut expectations, and central bank buying. Investors can access gold via spot, futures, ETFs, or physical bars and coins.

Axis Securities expects an earnings recovery in H2 FY26, led by fiscal and monetary reforms, GST cuts, and improved consumption, though Q2 may remain muted. Downgrades hit IT, BFSI, and Pharma, while Cement shows strength. Nuvama warns of global headwinds from US tariffs affecting BSE500 top lines. Investors should monitor global macros, festive demand, and BFSI asset quality.

Gold futures on MCX hit a record high of Rs 1,22,101/10 grams, driven by global uncertainties and anticipated monetary easing. Silver also surged. Investors are flocking to gold as a safe haven amid geopolitical tensions and economic worries, with central banks and ETFs contributing to the bullish trend. Analysts note a fear of missing out is also fueling the rally.

Indian government bonds are poised for a slight uptick on Wednesday, with bulls showing favor, though a key resistance level for the benchmark yield may temper significant gains. Investors are adopting a cautious stance, awaiting Friday s bond auction for further directional cues amidst receding supply pressures.

Shares of Anant Raj Ltd fell up to 4% on October 8 after the company’s board approved a qualified institutional placement (QIP) of equity shares with a floor price of Rs 695.83.. The move aims to raise capital efficiently in accordance with SEBI regulations. The stock has surged over 30% in the last month amid government plans for tax incentives for data centre developers and the company’s ambitious expansion plans.

Advance Agrolife made a strong stock market debut, listing at a premium of 13-14% on both NSE and BSE. The Rs 193-crore IPO saw robust subscription, with the NII segment being a standout performer. The agrochemical manufacturer s diverse product range and positive sector outlook support its valuation.