Latest Stock Market News

Tata Motors is set for a major restructuring after the NCLT, Mumbai Bench, approved its Composite Scheme of Arrangement with subsidiaries TML Commercial Vehicles and Tata Motors Passenger Vehicles. The move will demerge the commercial vehicle arm and merge the passenger vehicle unit, creating a streamlined structure aimed at boosting operational efficiency, strategic focus, and long-term growth.

Indian stock market returns have stagnated, underperforming bank fixed deposits over the past year, frustrating investors who anticipated continued growth. While domestic inflows provide support, selling pressure from FIIs and promoters has created a time correction phase. Experts suggest focusing on long-term investment strategies, as historical data indicates equities offer superior returns over time, despite short-term volatility.

ONGC has commenced natural gas sales from the Chinnewala Tibba field in Rajasthan, a Discovered Small Field (DSF-II) block, supplying 1.0 LSCMD to RRVUNL. This move enhances domestic energy production and strengthens India s energy security, facilitated by collaboration between ONGC, DGH, GAIL, OIL, and RRVUNL. Despite this achievement, ONGC s shares have experienced a decline over the past year.

Delta Corp s stock has experienced a 9% drop in the last three sessions due to the ban on real money gaming (RMG), extending its year-long underperformance. Technical analysis suggests potential consolidation between Rs 82.80 and Rs 96.20, with analysts recommending caution.

Patel Retail s shares debuted strongly, listing with a premium of 19.6% after its IPO was oversubscribed 95.69 times. The IPO proceeds are earmarked for debt repayment, working capital, and general corporate needs. The company, operating as Patel s R Mart, focuses on tier-III cities with a chain of supermarkets across Maharashtra and Gujarat.

OYO, the global travel tech firm, is planning to file its Draft Red Herring Prospectus in November. The company is expecting a valuation of USD 7-8 billion for its IPO. OYO may approach its board with the proposal next week. SoftBank, a major shareholder, has engaged with several banks to assess market sentiment.

Vikran Engineering, supported by prominent investors, has garnered Rs 232 crore from anchor investors before its Rs 772 crore IPO launch. The IPO includes a fresh issue and an offer for sale, with proceeds allocated for working capital and general corporate needs. The company also announced a 5% dividend distribution to equity shareholders.

Suyash Choudhary, a prominent long-bond bull in India, has significantly reduced his holdings of the 7.3% 2053 government paper due to concerns about oversupply and shifting market sentiment. This decision comes after he heavily invested in these securities last year.

Wall Street experienced a downturn on Monday as investors analyzed the U.S. interest rate outlook and awaited Nvidia s earnings report. Friday s rally, fueled by hints of a potential rate cut from the Federal Reserve, gave way to cautious trading. Upcoming inflation and jobs data are crucial, influencing expectations for Fed action.