Latest Stock Market News

Sammaan Capital shares: Abu Dhabi’s International Holding Company (IHC) announced plans to acquire a 43.5% stake for ₹8,850 crore via preferential allotment of shares and warrants at ₹139 each. The deal will make IHC the new promoter, triggering a mandatory open offer for an additional 26% stake. Post-investment, IHC will control board appointments, subject to regulatory approvals.

Benchmark indices Nifty and Sensex traded lower on Friday, October 3, as investors booked profits after a significant Wednesday surge. Banks, FMCG, and IT stocks faced selling pressure, while metal and PSU bank stocks saw gains. The broader market, including Nifty Midcap and Smallcap, outperformed the benchmarks by opening in the green.

Hero MotoCorp shares: Hero MotoCorp reported an 8% YoY sales rise in September 2025, dispatching 6,87,220 units versus 6,37,050 last year. The company also became the first Indian manufacturer to cross 125 million cumulative two-wheeler production. VAHAN registrations grew 19% YoY to 3,23,230 units, signaling strong festive season demand momentum.

NSE large cap pack, four stocks came to the bullish scanner of "White Marubozu", according to stockedge.com s technical scan data.

India s primary market will see significant activity next week. Tata Capital and LG Electronics plan large IPOs. These offerings combined exceed 27,000 crore rupees. Market observers question the absorption capacity. Historical large issues have shown varied investor returns. Some experts believe current liquidity is sufficient. The coming week will determine investor demand for these new listings.

Om Freight Forwarders IPO: Market analysts note that the stock is trading at a grey market premium (GMP) of about 2.2% over its issue price, indicating mild investor confidence in the unofficial market before listing.

Axis Securities maintains its Nifty target of 25,500 for March 2026, driven by expectations of robust earnings growth and structural reforms. Despite short-term volatility, the brokerage anticipates upside potential from rural demand recovery and government spending. They have identified 15 top stock picks, including MGL and HDFC Bank, offering up to 30% upside potential.

Jinkushal Industries debuted on bourses with a modest 3.45% premium over its IPO price, despite strong investor demand leading to a 65x oversubscription. The company, exporting construction machinery globally, reported robust FY25 revenue growth. Its long-term success depends on sustaining export demand and scaling its HexL brand.

The Indian rupee depreciated by 5 paise to 88.76 against the US dollar on Friday morning, driven by a stronger greenback and negative domestic equity trends. Forex traders attributed the weakness to US policies, trade tensions, global uncertainties, and persistent foreign fund outflows.