Latest Stock Market News

Chipmakers market value increased. Investors sought artificial intelligence exposure. Tech stocks reached new highs. OpenAI deals and Intel talks fueled this market. Korean chip stocks gained. European chip equipment makers also advanced. Investors showed fear of missing out. Valuations rose, nearing record levels. This rally reflects a scramble for AI technology.

India s credit growth, currently below 10%, is poised to accelerate as new RBI measures could unleash ₹5 lakh crore in demand. Easing corporate exposure norms and allowing M&A financing are key drivers for this potential surge. While these relaxations are positive, weak credit demand remains a significant hurdle for faster economic expansion.

WeWork India is set to launch a ₹3,000 crore IPO, which will reduce the promoter s stake to 48.1%. Despite higher revenue and Ebitda than competitors, the company s recent FY25 profit of ₹128 crore is primarily attributed to a deferred tax credit. Geographic concentration and lower occupancy rates in mature centres compared to peers are noted.

Markets rebounded on Wednesday after an eight-session losing streak. The Reserve Bank of India kept the repo rate unchanged. This signaled confidence in the economic outlook. Tata Motors, Adani Green, and PVR Inox were in focus. Tata Motors sales surged. Adani Green faced a deal challenge. PVR Inox received a CCI probe order.

Global equities reached new records as optimism around artificial intelligence propelled Asian stocks and US tech shares higher. The S&P 500 and Nasdaq 100 hit new highs, with Alibaba also surging. This strong tech momentum overshadowed concerns about a US government shutdown and potential federal job cuts.

Wall Street indexes closed at record highs, primarily driven by the technology sector and AI chip companies, amidst a U.S. government shutdown. Investors, monitoring private labor data, anticipated potential Fed rate cuts. The shutdown also raised concerns about its duration and impacted specific stock performances.

Oil prices edged up slightly on Friday but are poised for their steepest weekly decline since June, largely due to market expectations of a significant OPEC+ output hike. Analysts anticipate a potential 500,000 barrels per day increase in November, coupled with slowing refinery activity and seasonal demand, will further depress prices.

Gold remained steady on Friday, poised for its seventh consecutive weekly gain, driven by expectations of further U.S. interest rate cuts and concerns over a government shutdown. The precious metal, a traditional safe haven, touched an all-time high on Thursday. Markets anticipate a significant Fed rate cut this month, bolstering gold s appeal.

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