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Latest Stock Market News

Pace Digitek gets SEBI nod for IPO

Updated at : 2025-09-10 18:10:01

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Pace Digitek, a telecom solutions provider, is set to launch an IPO. The company aims to raise ₹900 crore. SEBI has approved the IPO plan. The funds will boost Pace Digitek s battery energy storage systems. A portion of the proceeds will fund a project with MSEDCL. The company focuses on renewable energy and turnkey projects.

India s IPO market is poised for a record period with a Rs 2.8 lakh crore pipeline, raising concerns about liquidity and potential impact on SIP inflows. While experts acknowledge short-term pressure from IPO allocations, they believe the structural strength of SIPs, driven by disciplined, long-term investments, will provide stability and prevent significant disruption.

ANAROCK s survey reveals generational differences in India s property market. Millennials prioritize homes for family and lifestyle. Gen Z aims for early homeownership, preferring premium properties. Gen X balances homes with business and savings. Baby Boomers focus on retirement security. Millennials also explore entrepreneurship. These trends impact housing demand, with younger buyers seeking spacious, well-designed homes.

Global capital flows are changing due to AI, geopolitics, and hard assets. Money is flowing back to the US, impacting India s foreign investment. AI is attracting investors, while gold and silver gain appeal. Indian markets remain strong due to retail inflows. Financial companies in India are set to benefit from AI.

MTAR Technologies shares rose sharply after the company secured Rs 386 crore in clean energy orders from Bloom Energy. The deals, valid till June and March 2026, are expected to strengthen MTAR’s revenue, with analysts giving a ‘Strong Buy’ rating.

Larry Ellison surged closer to surpassing Elon Musk as the world’s richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founder’s fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musk’s wealth.

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Indian IT stocks continued their rebound on Tuesday, with the Nifty IT index posting gains for the second straight session. Broad-based buying lifted both large- and mid-cap stocks, driven by renewed sector optimism.

InCred Asset s Aditya Sood suggests Indian markets are poised for a comeback, hinging on earnings growth. Despite recent flat returns, potential US Federal Reserve rate cuts and a favorable bond spread create a supportive environment. Sood is cautiously optimistic, favoring healthcare, rural-focused consumer stocks, and select IT firms like Infosys for steady compounding.

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September’s crypto market shows cautious optimism. Key picks include AERO, PUMP, LDO, ETH, and ETHFI, driven by adoption, staking growth, ETF inflows, and real-world utility, offering varying risk-return opportunities.

Economist Ed Yardeni suggests the Fed s September rate cut hinges on upcoming inflation data; hotter data points to a 25 basis point cut, while cooler data could prompt a 50 basis point reduction. He cautions lower rates won t solve labor shortages and might inflate the market. Yardeni also highlights India s strategic importance amid global trade uncertainties.

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