The Nifty kicked off the week on a strong note, reclaiming the 25,000 mark led by financial stocks. The surge came even as a busy IPO calendar failed to dampen market sentiment. Among key movers, TCS gained 3 percent ahead of its quarterly results, while the Bank Nifty extended its winning streak, adding 1,800 points over the last five sessions. In the broader market, Trent and Bank of India will be in focus after their latest business updates. On the primary market front, the LG IPO opens for subscription today, while Tata Capital’s issue was subscribed 39 percent on Day 1. This morning, global cues were mixed. US markets ended on a strong note, with S&P 500 and NASDAQ at fresh records following AI-Chip deal between AMD and OpenAI. Meanwhile, Asian markets were mixed, with gains being led by Japanese markets. Catch Lovisha Darad in conversation with Ajit Mishra, SVP, Research, Religare Broking and Sneha Poddar, VP -Research, Wealth Management, Motilal Oswal Financial Services.
Canara HSBC Life Insurance Company will launch its Rs 2,518-crore initial public offering for retail investors on October 10.
After years in the shadows, platinum shines again on tight supplies and renewed investor interest
Earnings downgrades continue to outstrip upgrades in Nifty 50 companies
LG Electronics India IPO shares are expected to be allotted by October 10, while listing is scheduled to take place on October 14.
As long as Nifty holds above 24,950 and Bank Nifty sustains above 55,700, dips are expected to attract buying interest, keeping the broader uptrend intact, noted analysts .
Coal India Share Price | The company signed a MoU with Chhattisgarh Mineral Development Corporation for exploration & exploitation of critical minerals.
Dilip Buildcon Share Price | The company JV received LOA for development of a 100 MW grid-connected ground-mounted solar PV power project.
Gold raced to log a record high in early Asia hours trading on Tuesday
Bullion rose to $3,977.44 an ounce after surging 1.9% on Monday
Harsh Gahlaut of FinEdge believess from the next quarter onwards, the trend is likely to shift towards earnings upgrades rather than downgrades.
Among sectors, energy, oil & gas, pharma, telecom, consumer durables rose 0.3-2%. BSE Midcap index added 0.4% and smallcap index was ended marginally lower. Jio Financial, Bharti Airtel, Eternal, Eicher Motors, HCL Technologies were among major gainers on the Nifty, while losers included Trent, Tata Motors, Axis Bank, Tata Consumer and HUL.
The Nifty 50 is likely to face a hurdle at 25,200–25,250, followed by 25,400–25,450 being key resistance. However, the support is placed at 25,000–24,900, experts said.
The improved sentiment may drive the market gradually toward the September high. Below are some short-term trading ideas to consider.
Stocks to Watch, 07 October: Stocks like Bank of India, Metropolis Healthcare, Dilip Buildcon, LTIMindtree, Brigade Enterprises, Zydus Lifesciences, Coal India, Aster DM Healthcare, Reliance Industries, Bharti Airtel, and Aditya Birla Lifestyle Brands will be in focus on October 7.
If the Nifty 50 manages to defend the 25,000 mark, which is the immediate support, then the levels to watch in the short term are 25,100 and 25,250. However, on the lower side, 24,900 is expected to be a crucial support, according to experts.
The order follows SEBI’s February 2025 finding that Brightcom had misrepresented its financials for six consecutive years, violating disclosure norms and accounting standards.
LG Electronics IPO | The public issue comprises of entirely offer-for-sale of 10.18 crore equity shares by Korean parent LG Electronics Inc.
AMD shares soar over 30% after OpenAI agrees to buy up to 10% stake and deploy 6GW of Instinct GPUs, marking a new AI hardware power shift.
Year-to-date for 2025, FIIs have withdrawn Rs 2.43 lakh crore, while DIIs have invested Rs 5.84 lakh crore.
Aditya Birla Lifestyle Brands shares rallied 7.5 percent to close at Rs 146.72 after strong gap-up opening, though there was profit booking at higher levels.
Anantam Highways Trust IPO | The Alpha Alternatives Fund Advisors-sponsored InvIT targets to mobilise Rs 400 crore through issuance of units.
Lenskart Solutions, Wakefit Innovations, and Tenneco Clean Air India received observation letters on their preliminary papers on October 3, as per the processing status of draft offer documents published on October 6.
Derivatives are meant for hedging and risk management, not for quick gains, says Tuhin Kanta Pandey
LG Electronics India IPO: Abu Dhabi Investment Authority, Norges Bank Investment Management and GIC Pte. are in talks to buy shares in the $1.3 billion IPO as anchor investors, sources told Bloomberg.