Tata Capital IPO opens; Could this spark a market surge today?

Stock Market Today: Indian markets open cautiously, but all eyes are on Tata Capital’s Rs 15,500 crore IPO. Will it trigger a market rally or stay flat? Traders are on high alert… Read the article for full details.

New Delhi: Indian equity markets opened the week on a cautious note amid lingering concerns over global economic uncertainty and mixed corporate earnings. Investors are closely monitoring developments in the Israel-Hamas conflict, which could impact global oil prices and investor sentiment.

Additionally, market participants are awaiting updates on Q2 earnings and macroeconomic indicators to gauge the health of the domestic economy. Despite these concerns, traders are looking to continue the buying momentum observed in recent sessions, with sectors such as banking and metals showing strength.

Indian stock market shows optimism amid global cues, strong IPO buzz; Where to invest?

Early Indicators and Global Cues

The GIFT Nifty, an early indicator of the Nifty 50's performance, was down by 47 points at 7:59 AM IST, suggesting a flat start for the domestic market. At the same time, global markets presented a mixed picture.

Japan's Nikkei 225 surged over 4% to a record high, driven by political developments, while markets in China and South Korea were closed for holidays. In the US, markets ended the week on a positive note, with the Dow Jones Industrial Average rising 0.51%, the S&P 500 gaining 0.01%, and the Nasdaq Composite slipping 0.28%.

Foreign Investor Outflows and Domestic Trends

Domestically, the Indian market continues to grapple with foreign portfolio investor (FPI) outflows, which totaled $2.7 billion in September, marking the third consecutive month of net selling.

This trend has raised concerns about the sustainability of the market's recovery. However, some analysts remain optimistic, citing strong corporate earnings and supportive government policies as potential catalysts for growth.

Tata Capital IPO in Focus

In the primary market, all eyes are on the Tata Capital IPO, which opened for subscription today. The non-banking financial company is offering shares in the price band of Rs 310- Rs 326 per share, aiming to raise Rs 15,511.87 crore.

The IPO comprises a fresh issue of up to 21 crore shares and an offer for sale of up to 26.58 crore shares. The offering is expected to close on October 8, with the listing date tentatively set for October 13. The IPO has already garnered significant interest, with anchor investors committing Rs 4,642 crore ahead of the public offering.

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Other stocks in focus

Krystal Integrated Services: The company secured contracts worth Rs 157 crore for providing sanitation and security services at government schools, stadiums, and offices in Delhi over the next two years.

HDFC Bank: The private sector lender reported 9% year-on-year loan growth for Q2 FY26, with deposits rising 15.1% to ₹27.1 lakh crore, indicating a robust financial performance.