Latest Stock Market News

Gold prices hit a new record, surpassing Rs 1,22,780 per 10 grams on MCX and $4,000 per ounce internationally, amid speculation of U.S. rate cuts and geopolitical uncertainty. Robert Kiyosaki reaffirmed his bullish stance on gold, silver, Bitcoin, and Ethereum, warning of the declining value of fiat currencies and urging investors to stack hard and digital assets.

EPFO plans to redeem CPSE and Bharat 22 ETF investments in FY26, potentially generating Rs 17,237 crore gains, while extending other ETF tenures and revamping IT via EPFO 3.0.

Speciality chemicals manufacturer SK Minerals & Additives on Wednesday fixed the price band at Rs 120-127 per equity share for its Rs 41.15 crore initial share sale which will open for public subscription on October 10.

Investor Vijay Kedia acquired a Rs 11 crore stake in Eimco Elecon, buying 57,400 shares at Rs 1,906.71 each. The stock, down 34% in a year, surged 5% post-purchase.

Despite current headwinds, Indian IT stocks remain crucial for the economy, generating jobs, forex, and supporting tech ecosystems. Analysts are urged to assess rather than criticize companies like TCS and Infosys. As the earnings season kicks off on Thursday with TCS set to announce its Q2 results, IT stocks are generating strong buzz. Over the past week, the sector has rallied as much as 11%.

Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals.

Steptrade Capital invested Rs 177 crore across 63 IPOs in two years, spanning Mainboard and SME issues, achieving an average listing gain of 35%, highlighting institutional capital’s growing role in India’s IPO market.

Ace investor Ashish Kacholia added Jain Resource Recycling to his portfolio, marking a 50-stock milestone; the smallcap IPO surged 41% post-listing, with Kacholia holding 1.14% valued at Rs 128 crore.

India’s Nifty and Sensex extended gains for a fourth day. Nykaa, Indraprastha Medical, and BLS International led rallies, while KIOCL, Trent, Glottis, and Fabtech faced profit booking and weak listings.