Latest Stock Market News

Om Metallogic, a metal processing company focused on recycling, is set to list on the BSE SME platform on October 7. The company s Rs 22.35 crore IPO saw a subscription of 1.47 times, with retail investors showing the most interest. Ahead of its debut, the grey market premium is near zero, indicating a flat opening.

Sodhani Capital shares will debut on the BSE SME platform on October 7. The Jaipur-based firm s IPO saw strong investor demand, subscribing 4.79 times. Proceeds will fund office acquisition, brand building, and technology development. Sodhani Capital focuses on mutual fund distribution, serving retail and HNI clients. The company aims to expand its digital presence and app development post-listing.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Seven Nifty200 stocks, including Fortis Healthcare, BSE, and Nykaa, formed a bullish White Marubozu candlestick pattern on October 6, signaling strong buying momentum.

Canara HSBC Life Insurance has set a price band of Rs 100–106 per share for its Rs 2,517.5 crore IPO, entirely an offer for sale by Canara Bank, HSBC Insurance, and Punjab National Bank. The issue opens on October 10 and closes on October 14, with listing planned on NSE and BSE. No fresh shares will be issued.

Despite 15 brokerages recommending Tata Capital s Rs 15,512 crore IPO, its grey market premium (GMP) has fallen to around 3%. This subdued sentiment is attributed to fair IPO pricing, concerns from a recent merger impacting asset quality, and a crowded IPO market stretching investor liquidity, suggesting a cautious approach to short-term gains.

Adani Green share price: Adani Green Energy has secured a $250 million foreign currency loan from a consortium of global banks, including DBS and DZ Bank, to refinance existing debt. The five-year facility at an 8.2% interest rate aligns with the group’s strategy to reduce leverage and manage funding costs.

Kedar Kadam emphasizes that while record SIP inflows indicate a strong structural shift in Indian investing, many investors lack clear financial goals. He advocates for intentional, goal-oriented investing to navigate global uncertainties and market volatility. A selective, disciplined approach, focusing on quality growth and due diligence, is crucial amidst stretched valuations and evolving market dynamics.

George Thomas from Quantum AMC sees renewed optimism for Indian equities. Credit growth is improving, and consumption may revive. Valuations are reasonable after market correction. He advises staying invested and adding to financials and IT. New bets include pharma and logistics. Investors should choose valuation-conscious funds. Global trade talks with the US remain a key trigger.

Over the past year, markets have moved sideways, on account of moderating earnings growth, stretched valuations, global geopolitical headwinds, and relative attractiveness of other markets.