Latest Stock Market News

Goldman Sachs initiates coverage on eight Indian defence stocks, favouring private-sector players due to rising focus on AI, UAVs, and electronic warfare, along with higher EPS growth and benefits from global defence spending. Top private picks include Solar Industries, PTC Industries, Astra Microwave, Data Patterns, and Azad Engineering. Among public-sector players, BEL is preferred, while HAL is neutral and BDL is rated sell.

Shares of Vedanta surged 3.25% on Friday to touch an intraday high of Rs 479.90 on the BSE, tracking gains in global copper prices. The stock rally came amid bullish sentiment in the commodities space as copper extended its upward streak, with supply disruptions and accelerating demand supporting the uptrend.

Tushar Bohra predicts a market turnaround fueled by accelerating earnings momentum, expecting double-digit Nifty CAGR within two years despite initial volatility. He advocates for domestic cyclicals, consumption, banks, NBFCs, and the power/utility sectors, emphasizing a stock-specific approach for metals. This outlook highlights strategic investment opportunities.

Nifty shows signs of recovery after a significant decline, with analysts suggesting a bullish outlook and recommending a Bull Call Spread strategy targeting 25,000-25,100. Concurrently, ICICI General Insurance exhibits bullish patterns, prompting a Bull Call Ladder Spread recommendation to capitalize on a potential breakout above Rs 1,920.

Shares of Orient Technologies rose 18% on strong volume, supported by consolidation near key support levels. The company’s expansion into data centre and AI infrastructure under the IndiaAI mission positions it for growth in India’s booming digital segment. Analysts note upside potential but caution on execution risks and capital intensity.

The RBI’s decision to keep interest rates steady at 5.5% and maintain a neutral liquidity stance offers relief to banks, limiting potential margin compression. Its measures to ease lending restrictions support credit growth. Jefferies recommends large private banks -- HDFC Bank, Axis Bank, ICICI Bank -- and SBI among PSU banks, citing strong capital buffers and better positioning for the ECL transition.

Bitcoin reached a two-month high of $120,124. US spot Bitcoin ETFs received large capital. Speculation about a US government shutdown also boosted investor interest. Ethereum and other major altcoins advanced. The overall cryptocurrency market capitalization increased. Experts predict a constructive outlook for the fourth quarter.

The US government shutdown adds uncertainty to global trade negotiations. India s trade talks continue despite the political gridlock. Markets prioritize economic fundamentals like labor data and corporate earnings. Foreign institutional investors are pulling funds from India. India remains the fastest-growing economy. Experts expect long-term capital inflows to resume. India s strong growth story will attract global capital.

India s real estate sector expects a demand increase. Repo rates remain unchanged, and GST cuts aid construction. Homebuyers and developers anticipate sales growth this festive season. Tier-II cities and holiday homes will see activity. This market trend is projected to continue through 2025 and into 2026. Sector confidence builds.

Sify Infinit Spaces plans a $500 million initial public offering soon. This could be India s first listed data center operator. The fundraising supports digital consumption and AI adoption. India s data center demand will double in three years. Sify Infinit operates 14 sites nationwide. Foreign firms invest heavily in this sector.