YES Bank shares have surged to a 52-week high. This rally is fueled by Japanese financial major Sumitomo Mitsui Banking Corporation’s stake acquisition. Investors are also anticipating the bank’s upcoming Q2 FY26 results. The stock has shown strong performance recently, with significant gains in the past month and year-to-date. Technical indicators suggest a bullish momentum.Read More

LG Electronics India’s mega IPO has drawn record-breaking interest, with bids far exceeding expectations. Notably, microcap Winro Commercial placed unusually large bids through leveraging. High subscription rates from institutional and retail investors underline strong demand, while brokerages remain optimistic about LG’s market dominance and growth potential despite premium valuations.Read More

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San Francisco Fed’s Mary Daly cited softening labour market and easing inflation for last month’s rate cut, signalling potential further cuts, while noting AI adoption may boost productivity amid economic slowdown.Read More

SEC allows IPOs during government shutdown by permitting automatic effectiveness of registration statements. Companies can set pricing 20 days prior, easing market restrictions and supporting Wall Street listings despite political gridlock.Read More

Midwest Limited’s Rs 451 crore IPO, priced at Rs 1,014–1,065 per share, opens October 15. With 50% allocated to QIBs, the issue includes a fresh issue of Rs 250 crore and an offer for sale of Rs 201 crore, marking India’s largest quartz and granite producer’s market debut.Read More

Reliance Power shares saw a significant jump on Friday, October 10, driven by renewed buying interest and high trading volumes. This surge occurred despite the company receiving Show Cause Notices from SEBI concerning CLE Private Limited. Earlier, Reliance Power reported a profit in Q1 FY26, a positive shift from a loss last year.Read More

Gold and silver opened higher on October 10, with MCX gold at Rs 1,21,032 per 10 grams and silver at Rs 1,46,779 per kg, supported by U.S. rate cut expectations, central bank buying, and safe-haven demand. Global economic uncertainty, the U.S. government shutdown, and ETFs inflows continue to influence prices, while profit booking and geopolitical...Read More

Brokerages maintained mixed views as JM Financial stayed bullish on TCS, Morgan Stanley backed Muthoot Finance’s growth, while Motilal Oswal turned cautious on Tata Elxsi amid margin pressure and muted demand.Read More

Metal stocks are poised for further gains. Strong domestic demand and improving cost efficiencies are key drivers. Global restocking is also expected to boost prices. JSW Steel, SAIL, and Hindalco are highlighted as top picks. NLC India presents a diversified growth opportunity. New-age tech stocks show momentum but valuations are a concern.Read More