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Tata Motors shares slipped over 1% to Rs 705 on the NSE, marking their second straight session of decline, after Jaguar Land Rover extended its production halt amid an ongoing cyber incident probe. JLR has yet to provide a timeline for full recovery.
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Jinkushal Industries, an export-focused construction machinery supplier, has set its IPO price band at Rs 115–121 per share. The Rs 116.11 crore issue, comprising fresh equity and an offer for sale, opens on September 25 and closes on September 29, with listing expected on October 3. Post-listing market cap may reach Rs 464.42 crore at the top band.
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Reliance Power and Reliance Infrastructure shares rebounded after recent losses, despite ongoing legal challenges for Anil Ambani and bearish technical indicators. Recent contract wins in renewable energy and modest earnings recoveries offered some support. However, investigations and debt concerns continue to cast a shadow over the companies’ long-term prospects, creating uncertainty for investors.
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Eternal (formerly Zomato) has overtaken Tata Motors and Titan in market capitalisation, reaching Rs 3.13 lakh crore. The surge positions it just behind Hindustan Aeronautics Ltd (HAL) at Rs 3.22 lakh crore, securing its entry into the top 25 Nifty50 stocks. The rally reflects investor confidence, driven by strong revenue momentum and Blinkit’s growing contribution.
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Gold held near record highs ahead of the Fed policy outcome, with traders eyeing a widely expected 25 bps rate cut. Analysts suggest buying on dips, with support at Rs 1,09,800 on MCX, and see potential for fresh highs if Powell signals further easing.
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