Jinkushal Industries’ Rs 116.15-crore IPO saw strong investor demand, being fully subscribed on its first day. Retail and NII categories showed robust interest, while QIB interest was muted initially. The IPO, priced at Rs 115-121, has a grey market premium of Rs 20, indicating positive sentiment.Read More

Foreign investors continued their selling spree of Japanese equities for the second consecutive week, totaling 1.75 trillion yen, driven by profit-taking after a record-setting rally. This trend contributes to a potential 11th straight year of net outflows in September. Meanwhile, Japanese investors increased their holdings of foreign long-term bonds, marking the fourth consecutive week of...Read More

GK Energy shares climbed 6.6% to ₹175.95, taking total IPO listing gains to nearly 15% after debuting at an 11.8% premium.Read More

Indian government bond yields experienced a slight increase as markets anticipated new debt supply. The auction results are expected to influence market sentiment for the second half of the fiscal year, with traders closely monitoring the upcoming debt supply calendar and state borrowing schedules. The Reserve Bank of India’s monetary policy decision on October 1...Read More

Tata Motors’ stock has remained stagnant despite GST benefits boosting domestic auto companies. With Jaguar Land Rover (JLR) contributing 70% to revenue, Tata Motors gains less from Indian tax cuts. A recent cyberattack disrupting JLR’s production and potential £2 billion financial impact further dampen investor sentiment.Read More

The rupee rebounded slightly to 88.70 against the US dollar due to a weaker greenback and hopes for progress in India-US trade negotiations. However, the gains were limited by continuous foreign fund outflows and rising international crude oil prices. Markets are awaiting the RBI’s rate decision amid these economic pressures and geopolitical uncertainties.Read More

Fed official Stephen Miran urges steep U.S. rate cuts to 2%, arguing tariffs aren’t inflationary. Other policymakers stress caution, highlighting stable labor conditions and data-driven decisions for future monetary policy.Read More

Indian markets are currently volatile. Metals showed some gains due to copper prices. The Reserve Bank of India policy and Q2 results are key triggers. BFSI sector may lead if the policy is favorable. Construction and infrastructure sectors are also promising. Metals have a long-term positive outlook.Read More

Swiggy is selling its stake in Rapido. This move aims to free up funds for Instamart. Instamart is Swiggy’s quick-commerce business. The sale is worth Rs 2,400 crore. Prosus and Westbridge Capital are the buyers. Analysts have mixed opinions on the sale. Some believe it’s a temporary fix. Others see it as a positive step.Read More

Finance Minister Nirmala Sitharaman reports the Bachat Utsav initiative is successfully passing GST rate cut benefits to consumers, evidenced by increased savings on essentials and insurance. The auto sector is experiencing record sales, with Maruti Suzuki reporting significant gains. Banking sector reforms have strengthened public sector banks, fostering competition and improved service.Read More