Latest Stock Market News

Gold prices surged to an all-time peak on Tuesday, driven by U.S. economic and political uncertainties and anticipated Federal Reserve interest rate cuts. Despite some Fed officials signaling caution on further reductions, markets are pricing in more cuts. This environment, coupled with strong central bank buying and investor demand for hedges, propelled gold s significant year-to-date gains.

India is set to launch its own RBI-backed digital currency, aiming for simpler, faster, and traceable transactions while reducing paper use. Union Minister Piyush Goyal emphasized that the nation discourages cryptocurrencies lacking sovereign or asset backing, imposing heavy taxes on them due to inherent risks and lack of accountability.

Wall Street reached new highs, driven by AI enthusiasm, with AMD soaring after an OpenAI chip deal. Concerns about inflated AI valuations persist as OpenAI expands its infrastructure partnerships. Meanwhile, international markets reacted to political shifts, with Japanese stocks rising and French stocks falling.

Japan s 30-year government bond yield hit an all-time high as fiscal dove Sanae Takaichi s leadership win positioned her for premiership. Ten-year JGB yields also reached 17-year peaks, pressured by rising Treasury yields and an upcoming auction. Investors remained cautious following previous weak demand at long-term debt auctions.

Brigade Enterprises Ltd has partnered to develop a significant housing project in Chennai. The 6.6-acre development is estimated to generate Rs 1,000 crore in revenue. This move strengthens Brigade s presence in Chennai, a key market experiencing robust real estate growth. The joint development agreement marks a strategic expansion for the company in the city.

Manglam Group is investing Rs 100 crore to redevelop a housing society in Mumbai s Borivali West. The project, Manglam Rajanigandha, will offer 80 apartments. Half are for existing tenants, and the other half will be for sale. The development is scheduled for completion by June 30, 2026. This marks Manglam Group s entry into Mumbai s redevelopment market.

LG Electronics India s Rs 11,607 crore IPO opens Tuesday, backed by strong analyst views and a 24% grey market premium. The offer for sale, priced between Rs 1,080-Rs 1,140, reflects investor confidence in the consumer durables giant s market leadership, zero debt, and attractive valuation. Analysts recommend subscribing, anticipating a strong listing.

Ahmedabad-based Mittal Sections is launching a Rs 53 crore IPO on Tuesday to fund expansion, working capital, and debt reduction. The steel manufacturer aims to significantly boost its production capacity. With a price band of Rs 136-143, the issue closes October 9, targeting a BSE SME listing on October 14. Investors can anticipate a potential boost in the steel sector.

Vijaypd Ceutical s NSE SME debut on October 7 sees muted investor expectations with a near-zero grey market premium, suggesting a listing close to its Rs 35 issue price. The Rs 19.25 crore IPO saw moderate subscription, primarily driven by non-institutional investors, indicating cautious sentiment amid a surge of SME listings.