Market Bizzz

Indian government bond yields remain steady as markets await the Reserve Bank of India’s monetary policy decision today. While a majority anticipate unchanged rates, increasing calls for a 25-basis-point cut are emerging, with several large firms now expecting a reduction. Bond traders hope for dovish commentary hinting at future rate cuts.

Tata Motors share price: Moody’s downgraded Tata Motors’ outlook to negative after a cyberattack at JLR halted production. The company’s FY26 EBITDA is expected to take a massive hit due to this attack. While JLR has started a phased restart, prolonged disruptions could further affect earnings and cash flows, Moody’s added.

Seven large-cap stocks, including Power Finance Corporation, LIC, PNB, and Bajaj Finserv, showed a bullish RSI upswing on September 29, signaling strengthening momentum.

Aptus Pharma will debut on the BSE SME platform on September 30. Its initial public offering closed with high investor participation. The IPO was subscribed over 22 times across categories. Retail and high net worth individuals showed significant demand. The company distributes pharmaceutical formulations. It reported revenue and profit growth. Proceeds will fund working capital and new office infrastructure.

Fabtech Technologies will launch its IPO on September 29. The Rs 230 crore issue will close on October 1. The price band is set at Rs 181–191 per share. Strong grey market signals indicate potential listing gains. Funds will support working capital and acquisitions. Fabtech provides biopharma engineering solutions. The company showed strong financial growth in FY25.

Dhillon Freight Carrier launched its IPO on September 29, aiming to raise Rs 10.08 crore by issuing 14 lakh shares at Rs 72 each, with subscriptions closing October 1. The logistics firm, reporting modest revenue growth and strong profit, intends to expand its vehicle fleet with the proceeds.

Om Metallogic is launching its IPO on September 29 to raise Rs 22.35 crore at Rs 86 per share. The company, which recycles aluminium scrap into alloys, reported strong financial growth with revenue up 55% and profit nearly doubled in FY25. Proceeds will fund expansion and working capital, though market caution exists due to no grey market premium.

This series aims to treat macroeconomics as a toolkit, not a lecture: Yes, it is long read; maybe boring. So why read it? Because what finally matters to the stock market is a company’s earnings. And what impacts earnings is the macroeconomic condition of a country. So, to understand the market, you have to understand macroeconomics and its elements. In this, Part 2 of the series, we look at Inflation.

Behari Lal Engineering and CSM Technologies have filed draft papers with Sebi for their IPOs. Behari Lal seeks to raise Rs 110 crore via fresh issue and OFS, while CSM plans a pure fresh issue of 1.29 crore shares to fund growth and expansion.

Rajesh Palviya of Axis Securities sees Nifty and Bank Nifty under pressure, with key levels likely to dictate moves. He expects IT stocks to remain weak and advises selective trades in Ashok Leyland and Biocon.