Pre-Market View: Bullish Momentum To Prevail
IPO News: Studds Accessories Sets Price Band Rs 557–585 Per Share For IPO
Studds Accessories Ltd. set the price band for its upcoming initial public offer at Rs 557–585 per share. The company is offering 77.9 lakh equity shares in the primary market for its market debut.
Studds Accessories’ IPO is an offer for sale with no fresh issuance. The IPO will open for subscription on Oct 30 and conclude on Nov 3.
Stock Market Today: Brokerages Signals Mixed Performance; Strong Loan Growth, NIM Pressure For Kotak Bank
Brokerages remain cautiously optimistic about Kotak Mahindra Bank Ltd. following its Q2 earnings, highlighting improving core trends and healthy loan growth, but flagging concerns over net interest margin (NIM) compression and elevated valuations. Jefferies and Morgan Stanley maintained their bullish stance, citing better-than-expected net interest income (NII), lower operating expenses, and improving credit quality. Investec, however, retained a ‘Hold’ rating, pointing to sharper NIM declines and limited upside due to high valuations.
Stock Market News: MCX Introduces Monthly Option Contracts
Multi Commodity Exchange of India introduces monthly options contracts on MCX iCOMDEX Bullion index, starting from Oct 27.
Asia Markets LIVE: Nikkei 225 Crosses 50,000 Mark For First Time
Japan’s benchmark index Nikkei 225 crossed the 50,000 level for first time in Monday’s session. Japan Prime Minister Sanae Takaichi will soon meet US President Donald trump at ASEAN summit 2025, taking place at Malaysia.
The Nikkei 225 was trading 2.26% higher at 50,412 as of 8:15 a.m.
Stock Market LIVE: GIFT Nifty Hints At Positive Open; Coforge, Dr. Reddy’s Labs, Kotak Bank Shares In Focus
The GIFT Nifty was trading 55.50 points or 0.21% higher at 25,900 as of 6:30 a.m., which hinted at a probable positive open for the NSE Nifty 50 index.
Kotak Mahindra Bank Ltd., Dr. Reddy’s Laboratories Ltd., Coforge Ltd., and Eclerx Services Ltd. shares will be in focus because of the second-quarter results.
The benchmark indices ended in the red with Nifty ending below the 25,800 mark. Nifty 50 ended 0.37% lower at 25,795.15 and Sensex closed 0.41% lower at 84,211.88 on Friday.
. Read more on Markets by NDTV Profit.