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The world’s second-biggest memory chipmaker reaffirmed it expects shortages of the components crucial to Nvidia Corp. accelerators to persist through at least 2030, propping up prices.
Jio Platforms IPO listing today: With expectations of a healthy listing premium, investors are weighing whether to book short-term gains or hold the shares for long-term wealth creation.
The Rs 1,450-crore IPO comprised a fresh issue of 72.15 lakh shares worth Rs 500 crore and an offer for sale (OFS) of 1.37 crore shares aggregating to Rs 950 crore. The company fixed the price band at Rs 660–693 per share, with a lot size of 21 shares. At the upper end of the price band, retail investors applying for one lot were required to invest a minimum of Rs 14,553.
Oil prices climbed 1.6% to $115.7 a barrel after an attack on a refinery in top exporter Saudi Arabia renewed concerns about energy supply disruptions and inflation.
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Maruti Suzuki's consolidated net profit fell by 26% in the fiscal second quarter to ₹2,466 crore. Revenue rose 26% to ₹53,355.5 crore, driven by record sales of 696,654 units. The company achieved 40.8% market share with strong demand for small cars and SUVs. Operating profit decreased due to increased input costs and lower other income.
Top stocks to watch today: Jio Platforms, Reliance Industries, Hindustan Unilever, Adani Enterprises, TVS Motor, Larsen & Toubro, Maruti Suzuki among shares in focus on Wednesday.
Bajaj Auto reported a 35% increase in standalone net profit for the September quarter. Revenue from operations rose to a record ₹20,003 crore, fueled by an increase in exports. The company also managed to counter rising input costs through strategic price adjustments and a richer product mix. Electric vehicle sales, including the Chetak scooter, contributed to the profitability amid varying performance in the domestic market.
Star Health and Allied Insurance achieved a net profit of ₹264.4 crore for the September quarter of FY27. This profit reflects a 232% increase from ₹79.6 crore reported in the same quarter last year. The company’s claims ratio improved to 69%, showing a reduced claims burden compared to previous periods. For the first half of FY27, the insurer recorded a net profit of ₹814.6 crore. This figure exceeds the ₹517.
Oil prices rose on Wednesday after an attack on a Saudi Arabian refinery revived concerns over supply disruptions in the Middle East amid the conflict involving Iran and its proxies. Saudi Arabia is the world's biggest crude exporter.
The US dollar is sticking close to a two-week high ahead of crucial central bank policy announcements. The Federal Reserve is anticipated to maintain its current interest rates, while market watchers speculate on future actions. European currencies are holding steady, with the euro and British pound showing minor fluctuations against the dollar.
SBI Life Insurance has unveiled an impressive 11% net profit growth year-on-year for the September 2026 quarter, alongside an 8.2% rise in net premium income. Looking ahead, the company recorded a robust 17% net profit increase for the first half of FY27 and anticipates ongoing growth in individual rated premium this financial year. Additionally, the improvement in SBI Life's solvency ratio further solidifies its strong financial standing.
As anticipation builds for the Federal Reserve's interest rate decision today, gold prices have experienced a minor uptick, reaching $4,061.86 per ounce. Market participants are keenly awaiting the Fed's report alongside crucial Personal Consumption Expenditures data that influences inflation strategies. While high inflation forecasts loom, concerns about ongoing price pressure persist.
Jio Platforms Ltd. is set to debut on the stock market on Wednesday after a record-breaking initial public offering, pitting billionaire Mukesh Ambani’s telecom giant against a negative trend for India’s mega deals in a challenging market environment.
Global deal activity and strategic partnerships drive momentum across tech, manufacturing, and energy sectors, with major investments, MoUs, and contract wins shaping growth prospects for Infosys, Choice Intl, MIDHANI, Subros, Gulf Oil, Exide, and more.
Larsen & Toubro reported a quarterly net profit increase of 33% amid strong order inflows and infrastructure spending. Revenue for the quarter rose 16% year-on-year, reaching ₹78,750 crore, driven by progress in various projects. The company secured orders worth ₹1,47,665 crore during the quarter, marking a 28% year-on-year growth. International orders accounted for 63% of total order inflow, showcasing the company's strong performance.
Grey-market premium points to gains of about 22%
Stock market prediction for Wednesday, 28 October, 2026: Gift Nifty was trading around the 22,749 level, down nearly 62.50 points or 0.27% from the Nifty futures’ previous close, indicating a negative opening for the Indian stock market indices.
In a landmark event, Jio Platforms' shares are set to launch in the stock market today after a historic IPO. The exceptional investor demand is underscored by a strong grey market premium, signaling optimistic initial pricing. Market analysts foresee that Jio's vast subscriber network and future expansion capabilities will drive further interest.
News aggregated from third-party sources. AI-generated sentiment is indicative, not definitive. News-based analysis should not be the sole basis for investment decisions.