Page 8 - Stock Market Today
Tata Power falls 4% after $490 million arbitration challenge fails
The Singapore International Commercial Court has dismissed the Company's challenge, holding that there was no breach of natural justice.
 "Tata Power falls 4% after $490 million arbitration challenge fails")
Devyani, Sapphire Foods shares rise 3% after revision of merger scheme
Under the share-swap ratio, Sapphire Foods shareholders will receive 177 shares of Devyani International for every 100 shares held in the former as of the record date, which will be announced later.
 "Devyani, Sapphire Foods shares rise 3% after revision of merger scheme")
40 of 53 listings in 2026 trade above IPO price; 3 double investors' money
Omnitech Engineering, SEDEMAC Mechatronics, and Shadowfax Technologies shares have more than doubled investors' money compared with their IPO issue price.
 "40 of 53 listings in 2026 trade above IPO price; 3 double investors' money")
Tech view: Nifty eyes 24,492; Vedanta, Nykaa among top bets by Jatin Gedia
Jatin Gedia expects Nifty to resume its uptrend towards 24,492, while maintaining a bullish view on Bank Nifty.
 "Tech view: Nifty eyes 24,492; Vedanta, Nykaa among top bets by Jatin Gedia")
SME IPOs: Sebi mulls regulatory reset; will this boost investor confidence?
MSMEs and SMEs account for nearly one-third of GDP, but they represent just 0.2 per cent of the country's overall equity market cap.
 "SME IPOs: Sebi mulls regulatory reset; will this boost investor confidence?")
IPO fundraising in FY27 trails last year despite July-August pickup
IPOs raised about ₹18,349 crore in July and ₹26,302 crore in August through August 26, together accounting for nearly 96 per cent of the FY27 fundraising so far.
 "IPO fundraising in FY27 trails last year despite July-August pickup")
Hindustan Zinc among 3 top stock picks by Bonanza for short term
Bonanza, recommends Hindustan Zinc, Bank of Maharashtra and Anthem based on strong technical setups and bullish momentum.
 "Hindustan Zinc among 3 top stock picks by Bonanza for short term")
IPO boom returns as July-August drive 69% of 2026 fundraising
July and August together accounted for 33 deals and ₹49,592 crore, or nearly 69 per cent of the total issue amount raised in the first eight months.
 "IPO boom returns as July-August drive 69% of 2026 fundraising")
Stock Market Close: Sensex ends 183 pts, Nifty settles at 24,208; Nifty IT declines over 1%
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap was down 0.1 per cent and the Nifty SmallCap rose 0.81 per cent
 "Stock Market Close: Sensex ends 183 pts, Nifty settles at 24,208; Nifty IT declines over 1%")
Groww falls nearly 4% after two block trades; most active stock on NSE
Groww Stock: According to data compiled by Bloomberg, about 126.2 million shares of the stockbroking company changed hands in two block trades.
 "Groww falls nearly 4% after two block trades; most active stock on NSE")
Hindustan Zinc up 5% as Jefferies sees earnings boost on firm metal prices
Hindustan Zinc stock: Jefferies has raised the target price to ₹750 from ₹660 and retained a 'Buy' rating. The target implies an upside of 26 per cent from the previous close of ₹592.60.
 "Hindustan Zinc up 5% as Jefferies sees earnings boost on firm metal prices")
Gaja Capital shares make strong debut, list 16% above issue price
The offer received bids for 79.35 crore shares as against 2.53 crore shares on offer.
 "Gaja Capital shares make strong debut, list 16% above issue price")
Nifty Midcap index hits new high as earnings, domestic demand drive gains
Domestic demand, improving earnings drive gains; rich valuations a concern
 "Nifty Midcap index hits new high as earnings, domestic demand drive gains")
Federal Bank slips 4% as lender clarifies on Jana SFB acquisition
Federal Bank shares fell 4 per cent after it issued a clarification on reports that it may acquire a controlling stake in Jana Small Finance Bank.
 "Federal Bank slips 4% as lender clarifies on Jana SFB acquisition")
Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan
The main source of uncertainty remains the US-Iran standoff and the continuing disruption around the Strait of Hormuz.
 "Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan")
Gold loan market gets crowded: Will new entrants dull incumbents' sheen?
Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26.
 "Gold loan market gets crowded: Will new entrants dull incumbents' sheen?")
Fertiliser stocks jump up to 14% as Russia signals higher supplies to India
Among the basket, Fertilisers and Chemicals Travancore rose the most, rallying over 14 per cent to an intra-day high of ₹894.
 "Fertiliser stocks jump up to 14% as Russia signals higher supplies to India")
Shankesh Jewellers shares list at 11% premium, beat expectations
On NSE, Shankesh Jewellers shares listed at Rs 103.30, a premium of 11.08 per cent over the offer price of Rs 93. Meanwhile, on BSE, the stock debuted at Rs 102.20, up 9.89 per cent.
 "Shankesh Jewellers shares list at 11% premium, beat expectations")
Ceigall India gains 5% after winning ₹705-crore Arunachal road project
Ceigall India received Letters of Acceptance from the Ministry of Road Transport & Highway for the construction of a key section of the Lada-Sarli section of NH913 in Arunachal Pradesh.
 "Ceigall India gains 5% after winning ₹705-crore Arunachal road project")
TCS reverses early gains, down 1%: What deal with Porsche means for company
Brokerages JM Financial and Emkay Global maintained their 'ADD' ratings on TCS stock following the strategic deal announcement with Porsche.
 "TCS reverses early gains, down 1%: What deal with Porsche means for company")