Latest Stock Market News

JSW Cement shares rose 3% to Rs 142.70 after Jefferies initiated coverage with a target price of Rs 170, signaling 23% upside. The brokerage expects 35% EBITDA CAGR over FY25-28, supported by IPO proceeds of Rs 1,600 crore. JSW leads India’s GGBS market, driving strong margins, and plans rapid expansion into North India to boost growth and profitability.

US equity markets show resilience despite the ongoing government shutdown. Dollar weakness boosts gold and precious metals. Emerging markets, including India, face limited short-term volatility. Commodities, metals, and value stocks offer attractive investment opportunities. Oil presents more challenges due to supply-side risks. Indian investors may consider metals, mining, and selective value stocks for prudent strategy.

Indian government bond yields are set for further decline this week, buoyed by states borrowing significantly less than market expectations for the current quarter. This unexpected lower debt supply, combined with the central bank s dovish policy guidance, is fostering a sustained bond rally. Traders anticipate a December rate cut, further strengthening positive market sentiment.

Gold and silver futures hit lifetime highs on Monday. Global macroeconomic uncertainties fueled safe-haven demand. Weak US bond yields and geopolitical tensions also supported the price surge. Investors expect additional Federal Reserve rate cuts soon. Experts predict continued volatility for both precious metals this week. Physical market rates also increased.

Pace Digitek, a telecom and energy infrastructure company, listed on exchanges with a modest 3.58% premium, falling short of grey market expectations. The firm showcased strong FY25 financials, reporting Rs 2,462 crore revenue and Rs 279 crore net profit. IPO proceeds will primarily fund capacity expansion and technology upgrades.

Indian government bonds surged as states announced significantly lower-than-expected borrowing for the current quarter, easing market concerns. The 10-year benchmark yield dropped to 6.5029%. This positive sentiment is further bolstered by strong expectations of Reserve Bank of India rate cuts in December and February, as the central bank prioritizes growth amid low inflation.

Sudip Bandyopadhyay advises caution in pharma due to US tariff uncertainties, recommending domestic-focused companies like Mankind Pharma for growth. He also anticipates a strong Q3 for value retailers, including V-Mart, driven by rising incomes and festive demand. Overall, domestic sectors offer safer growth amidst global volatility.

Japan s Nikkei stock index reached a record high after Sanae Takaichi became the ruling party leader. Investors anticipate her expansionist fiscal and monetary policies. The yen weakened, and short-term bond yields fell, suggesting delayed rate hikes. This unwound earlier expectations for immediate interest rate increases. Long-term bond yields rose on deficit spending concerns.