Latest Stock Market News

Devender Singhal of Kotak Mahindra AMC highlights a stronger case for silver over gold, driven by increasing industrial demand from solar, EVs, and AI. He expresses bullishness on the auto sector, particularly lower-end segments, expecting sustained growth. Singhal anticipates robust Q3 earnings, despite Q2 disruptions, maintaining a balanced portfolio with 65% in equities.

Nifty s recent rebound appears shaky, with historical patterns suggesting a 67% probability of a bearish October and high volatility. FII long-short ratio dropped to all-time lows, hinting at a window for fresh long build-up. FINPIPE and PRSMJOHNSN are top buy ideas for the upcoming week.

WeWork India IPO: The stock’s grey market premium has dropped sharply, now at only 0.77% above the issue price compared with 2.76% earlier. Though GMP provides a rough hint of potential listing performance, it remains unofficial and highly volatile.

The yen tumbled significantly against the U.S. dollar and euro after Sanae Takaichi won the LDP leadership election. Her victory signals an expansionary fiscal policy, complicating the Bank of Japan s task and reducing bets on interest rate hikes. This political shift is expected to lead to continued yen weakness.

Gold prices surpassed $3,900 an ounce for the first time. This rise stemmed from safe-haven demand. A US government shutdown played a role. Expectations of further Federal Reserve rate cuts also fueled the increase. Gold performs well during economic uncertainties. It recorded a 49 percent gain this year. Strong central bank buying and ETF demand supported its value.

Oil prices rose one percent on Monday. OPEC+ announced a smaller production increase than expected. Output will rise by 137,000 barrels per day from November. This decision aims to support oil markets. Analysts predict continued price weakness due to global economic conditions. Supply disruptions from sanctions and Ukraine attacks are noted. G7 nations plan steps against Russian oil.

Ameenji Rubber is set to list on BSE SME on October 6. Its Rs 30 crore IPO received 2.21 times subscription. The company manufactures rubber engineering products for railways and infrastructure. It reported Rs 94.43 crore revenue and Rs 8.03 crore profit in FY25. IPO funds will support machinery modernization and debt repayment. Promoter holding stands at 67.72 percent post-issue.

Bhavik Enterprises will debut on the BSE SME platform on October 6. It raised Rs 77 crore through its IPO. The issue received a subdued response and showed no grey market premium. The stock may list near its Rs 140 issue price. Bhavik Enterprises trades polymers for diverse industries. The company reported revenue growth but a profit decline.

Tata Capital s Rs 15,512-crore IPO, one of the year s largest, will open for subscription with strong anchor investor participation. Priced at Rs 310-326 per share, the third-largest diversified NBFC is valued slightly below industry average, offering headroom for investors. Brokerages broadly recommend "Subscribe" given its strong financials and Tata Group backing.

Tata Capital s CEO discusses the upcoming IPO, a significant event for the year. The company set the share price to allow wide investor participation. Proceeds will augment Tier-1 capital. This capital will support loan book expansion. Tata Capital plans to strengthen its position in financial services. The company maintains its credit quality.