Latest Stock Market News

Promoters of Apollo Hospitals Enterprise are expected to sell shares worth ₹1,395 crore via a block deal, with a floor price of Rs 7,747 per share, a 2% discount on Thursday s closing. Suneetha Reddy may sell up to 1.25% equity.

Gold prices climbed Rs 600 to Rs 1,00,620 per 10 grams in the national capital on Thursday amid fresh buying by stockists, according to the All India Sarafa Association.

The Sensex closed at 82,000, up 142 points, as six BSE 200 stocks — including TVS Motor, Maruti Suzuki, Apollo Hospitals, and HDFC AMC — touched new 52-week highs, signaling strong bullish momentum.

Wall Street s main indexes experienced a downturn at the opening bell on Thursday, reflecting investor apprehension leading up to the Federal Reserve s Jackson Hole conference. Disappointing quarterly results from retail giant Walmart further contributed to the cautious market sentiment. The Dow, S&P 500, and Nasdaq all started the day in negative territory.

Vikram Solar’s Rs 2,079 crore IPO has drawn robust demand, with overall subscription at 6.17 times on Day 3, led by strong retail and NII interest. The grey market premium of Rs 48 hints at a 14.5% listing gain. Backed by rapid capacity expansion and strong domestic demand, analysts recommend subscribing despite current lower margins.

Patel Retail’s Rs 243 crore IPO was subscribed 24 times as of 10:10 AM on the final day, with strong demand across investor categories. Retail bids reached 20 times, NIIs oversubscribed 38 times, and QIBs 17.3 times.

India s IPO market may witness mega listings soon, as SEBI considers easing norms for large companies. Reliance Jio and NSE could benefit from reduced public offer requirements, potentially easing market absorption concerns. The proposed changes also extend timelines for meeting minimum public shareholding, addressing potential share oversupply.

Hero MotoCorp shares have surged 15% in two weeks, fueled by optimism surrounding potential GST rate reductions and a strong technical breakout. Analysts predict further upside, with targets ranging from Rs 5,600 to Rs 6,000, citing bullish technical indicators and sustained trading above key moving averages. While overbought conditions may lead to a near-term correction, the overall outlook remains positive.

Reliance Power touched a fresh high of ₹50.08, while Reliance Infra hit ₹303.70. The stocks have jumped 15.7% in three days, fueled by optimism around the group’s renewable energy push and infrastructure pipeline, signaling renewed investor confidence.