Latest Stock Market News

Fujiyama Power Systems (UTL Solar) has secured ₹247 crore from 15 anchor investors ahead of its IPO, which opens on Thursday. The company, a roof-top solar manufacturer, allocated over 1.08 crore equity shares at ₹228 per share. Nippon India Mutual Fund and Tata Mutual Fund were significant participants in the anchor allocation.

Zerodha CEO Nithin Kamath supported Sebi’s warning on digital gold, calling it unregulated and inefficient. He cautioned that buyers lose nearly 6% upfront due to GST and spreads, urging investors to choose gold ETFs for safer exposure instead.

Nifty advanced for a third session, led by IT and auto stocks, confirming its uptrend above the 21EMA. Analysts expect further strength, with potential targets near 26,000. Stock picks for Thursday include CarTrade Tech, CDSL, GE Shipping, LTIMindtree, and Welspun Living.

Euro zone governments will need to fine-tune their borrowing due to uncertainties facing their bond markets, but strong demand from foreign investors is helping, debt management officials said on Wednesday.

Wall Street opened higher on Wednesday with the Dow at a record high, as investors cheered a likely end to the longest U.S. government shutdown, while an upbeat earnings outlook from Advanced Micro Devices revived optimism around AI.

Nine large-cap stocks, including Asian Paints and Adani Ports, touched their 52-week highs as Sensex surged 595 points, signalling bullish momentum with gains of up to 25% in a month.

The Indian rupee slipped on Wednesday, weighed down by dollar demand from local companies alongside modest declines in regional peers, while expectations of central bank intervention on the path to its all-time low capped losses.

Asian Paints shares hit a fresh 52-week high of Rs 2,838.70 on Wednesday, closing up 6.6% at Rs 2,832 on the NSE. The rally came after the company reported a 43% YoY rise in Q2 consolidated net profit to Rs 994 crore, with revenue up 6% to Rs 8,514 crore.

The Indian markets regulator s chairperson and senior officers should disclose their assets and liabilities publicly to boost transparency and accountability, a panel recommended on Wednesday.

A91 Partners, Catamaran Ventures, and Xponentia-backed Sedemac Mechatronics has filed its DRHP with SEBI for a full OFS IPO of 80.43 lakh shares. The company, a leading ECU and genset controller maker, posted strong revenue and profit growth in FY25.