Latest Stock Market News

South Africa s government has sold 1 billion rand ($58 million) of its 2031 , 2038 and 2058 inflation-linked bonds at auction, central bank data showed on Friday.

Euro zone bond yields were little changed on Friday amid a dearth of U.S. economic data due to the Washington government shutdown, with the release of the key U.S. jobs report likely being delayed.

The Indian rupee closed slightly weaker on Friday, steadying just above its all-time low amid U.S.-India trade frictions and portfolio outflows. Despite frequent central bank interventions preventing steeper losses, the currency remained under pressure, with analysts forecasting further depreciation past 89.00 against the dollar.

Shares of Atlantaa Ltd soared 20% to hit the upper circuit at Rs 55.65 on the NSE on Wednesday, October 3, after the small-cap company clinched a massive Rs 2,485 crore order from IRCON — over five times its market capitalization of just Rs 450 crore. The stock has hit an upper circuit for a second session in a row.

V-Mart Retail Ltd shares surged nearly 20% on Friday after a robust Q2 FY26 update. The company reported 22% year-on-year revenue growth to Rs 807 crore and 11% same-store sales growth. Its expansion with 25 new stores further lifted investor sentiment.

Baazar Style Retail slipped 11% from the day’s high despite reporting a 71% YoY jump in Q2 revenue to Rs 532 crore. The stock initially reacted positively to the updates, surging nearly 4% but saw a sharp drop as the day progressed. The Kolkata-based value fashion retailer added 20 new stores in the quarter, driving strong sales momentum and double-digit Same Store Sales Growth.

Nifty shows recovery, trading flat at 24,840, with analyst CA Rudramurthy BV noting a positive reversal pattern and key support at 24,580. He recommends buying on dips, citing domestic policy pushes and strong earnings potential. Metals, e-commerce, and PSU banks are favored sectors, with stock picks including Nykaa, Paytm, Eternal, and IndiGo.

At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.

A market veteran sees a positive shift for India s financial sector. Private banks, including HDFC Bank and ICICI Bank, will lead future growth. FY27 is expected to be a landmark year for both private and public sector banks. Rate cuts and government measures will support this expansion. A billion-dollar NBFC investment highlights this outlook.

Shares of Bharat Electronics Ltd (BEL) rose 2% to Rs 414 on October 3 after Goldman Sachs initiated coverage with a Buy call and a target of Rs 455, signalling 12% upside. The company is well-positioned across order execution and inflows, insulated from defence spending dips, and set to benefit from major projects like QRSAM, Project Kusha, and increased focus on defence electronics.