Latest Stock Market News

Nilesh Shetty of Quantum Advisors affirms India s long-term growth persists despite FII selling, attributing outflows to tactical China reallocation. He highlights largecap equities as increasingly attractive post-correction, favoring financials, IT, pharma, and logistics. Shetty foresees a consumption recovery boosted by monsoon and rate cuts, maintaining optimism for IT services long-term prospects despite near-term challenges. Private sector banks offer compelling valuations.

Man Industries shares: SEBI barred the company and top executives from market access for two years over alleged fund diversion. The company clarified that the case involved legacy compliance lapses (FY2015–21) around a subsidiary’s consolidation, now resolved. It said the Rs 25 lakh penalty won’t affect finances.

Indian benchmark indices, Nifty and Sensex, opened marginally higher on Wednesday, October 1, as investors awaited the RBI MPC meeting outcome. The RBI is widely expected to maintain interest rates at 5.50%. If these gains persist, it would end an eight-day losing streak for frontline indices, with Auto and Pharma performing well.

Advance Agrolife IPO Day 2: In the grey market, the IPO is trading at about a 9% premium to its issue price, indicating upbeat early sentiment and a likely listing near Rs 109 per share.

Pfizer shares surged after the US drugmaker agreed to lower prescription drug costs for Medicaid under a deal with the Trump administration. The agreement includes a $70 billion investment in R&D and domestic manufacturing, a three-year tariff grace period, and participation in the White House’s TrumpRx platform launching in 2026, offering many treatments at an average 50% discount.

India’s IPO market has seen over 80 listings in the past two months, raising nearly Rs 35,000 crore across mainboard and SME segments. Despite the surge, investor returns have been muted, with the average gain at just 7%. In the mainboard space, 16 out of 31 companies now trade below their issue price, highlighting the challenges of recent offerings.

Investment expert Dipan Mehta shares market insights. Public sector banks present strong financial opportunities. Their internal growth dynamics now compare favorably with private banks. Select midcap IT companies also show promise. Tata Elxsi and Coforge offer earnings visibility. Mehta suggests caution regarding metals and largecap IT stocks. Investors may consider these sector recommendations.

ITC’s long-standing dominance is being challenged as Godfrey Phillips’ Marlboro surges, doubling in 2025 and delivering 9x returns over three years. While ITC still holds over 75% market share, aggressive Marlboro rollout and rising preference among younger smokers are eroding its stronghold. Q1 FY26 volume trends highlight intensifying competition and continued market share loss for ITC.