Latest Stock Market News

FIIs have increased their stakes in eight debt-free smallcap stocks that rallied up to 70% in FY26, reflecting renewed investor confidence in financially strong, zero-debt companies with solid growth potential.

Indian billionaire Sunil Mittal’s Bharti Telecom is reportedly considering a substantial 150 billion rupee ($1.7 billion) bond offering as early as next week. The proceeds are primarily earmarked for refinancing upcoming debt maturities, including 97.5 billion rupees due in November and December. This potential issuance would be the company s largest-ever rupee bond sale, supporting its unit Bharti Airtel s ongoing expansion.

boAt returns to profitability in FY25 with Rs 60 crore PAT, driven by strong audio and wearables growth, premium segment traction, 100+ new product launches, and localisation efforts, setting the stage for its upcoming IPO and continued expansion in domestic and international markets.

India s financial sector is set for a multi-quarter boom, driven by credit growth at 11%. Public sector banks are surprisingly leading with stable margins and asset quality, while a consumption comeback fueled by GST cuts propels growth. This positions PSU banks and consumer NBFCs to lead the next market rally.

Stock-trading startup Dhan raised $120 million at a $1.2 billion valuation, attracting marquee investors including Ramesh Damani and Aashish Somaiyaa. Led by Hornbill Capital, the funding will support expansion, diversification, and AI innovation. Despite regulatory headwinds, Dhan has boosted active trader share and quadrupled volumes since FY23.

LG Electronics Inc.’s initial public offering of its India arm has attracted the sovereign wealth funds of Abu Dhabi, Norway and Singapore, according to people familiar with the matter.

Indian equity benchmarks Sensex and Nifty closed higher on Monday, driven by banking and financial heavyweights after lenders posted strong quarterly loan growth, while IT stocks gained ground ahead of the upcoming earnings releases.

Rajesh Bhosale of Angel One anticipates the Nifty 50 will consolidate around 25,000 before resuming its upward momentum towards 25,400, advising investors to buy on dips. He notes strong performance in Bank Nifty and Fin Nifty, signaling broader market strength. Bhosale recommends TCS and BSE as high-conviction stock picks, citing their technical strength and attractive risk-reward.

The Indian rupee held steady near its record low, bolstered by likely RBI intervention amidst persistent dollar demand from importers. While upcoming IPOs might offer some relief through foreign inflows, analysts caution about potential further rupee depreciation if economic growth slows due to enduring tariffs.

A halt in foreign outflows could spark a rebound in Indian equities, Motilal Oswal said in its October 6 report. The brokerage expects improving corporate earnings, robust domestic inflows, and pro-growth government policies to attract overseas investors back. After a year of underperformance, India’s more attractive valuations may further drive a reversal in foreign investment trends.