Latest Stock Market News

The Rs 400 crore GSP Crop Science IPO enters its final day with 96% subscription, led by strong NII demand while retail interest remains muted. With GMP at zero, listing expectations remain subdued. The company aims to reduce debt and strengthen operations, backed by steady financial growth and a diversified agrochemical portfolio.

IT stocks rallied up to 4% on Wednesday after CLSA retained its Outperform rating on key names, easing concerns around AI-led disruption that had sparked a sharp selloff last month. Coforge and Persistent led gains, rising over 4% each, while TCS, LTIMindtree, HCL Tech, Tech Mahindra and Wipro also posted strong advances.

Indian equities face sharp corrections due to geopolitical tensions. Investors should avoid panic and adopt disciplined strategies. Adjust sector exposure to global risks. Invest gradually in tranches. Rebalance portfolios toward defensives and diversify. Focus on large caps and fundamentally strong companies. Manage risk for future returns.

Gold prices remained stable as global markets assessed the economic fallout from the Middle East conflict. Renewed Iranian attacks and the killing of a senior Iranian official heightened tensions, impacting oil supplies and pushing prices above $100 a barrel. Investors await the U.S.

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.

Apsis Aerocom is set for a strong market debut. The IPO saw robust investor demand, with a significant subscription rate. Grey market trends indicate a premium of around 24% ahead of its listing on the NSE SME platform. This suggests healthy listing gains for investors. The company operates in precision engineering for aerospace, defence, and healthcare sectors.

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

Oil prices dipped Wednesday following a rise in US crude inventories. However, ongoing geopolitical tensions, particularly concerning the Strait of Hormuz, suggest prices may climb. Experts predict Brent crude could reach $120 or even $150 per barrel if the conflict persists. This could impact global economies and prompt policy intervention.

Markets saw a second consecutive day of recovery, driven by value buying and stable global cues, with analysts expecting a rebound towards 23,800-24,000. Several companies like Maruti Suzuki, Tata Steel, and TCS were in focus due to significant news, including stake sales, acquisitions, and expansion plans.

Adar Poonawalla-backed Svasti Microfinance secured ₹47.5 crore from key investors, including Abler Nordic and Rajiv Dadlani Group. This funding, a mix of equity and debt, will fuel expansion of its loan portfolio, bolster digital infrastructure, and broaden product offerings beyond joint liability loans. Svasti targets ₹1,400 crore in assets under management by March 2027.