Latest Market News Today: Live Updates on Stocks, IPOs, and Market Trends – October 22, 2024

The stock market today saw some interesting developments that are worth noting. Here are some of the key highlights:

1. Godavari Biorefineries IPO: The chemical producer garnered ₹166 crore from anchor investors ahead of its IPO. The company allocated 47.28 lakh equity shares to 19 funds at ₹352 per share, resulting in a transaction size of ₹166.42 crore.

2. Bharti Airtel received CCI nod to raise stake in Indus Tower to 50.5% following a share buyback scheme.

3. Waree Energies IPO was subscribed over 8x on the day of the issue, with the NII portion booked the highest. The latest GMP was also provided.

4. Sebi sought public feedback on criteria to designate specified digital platforms to ensure they do not enable illegal activities related to securities.

5. Silver hit the ₹1 lakh mark amid a surge in demand, while gold surged to an all-time high of ₹81,000.

6. HDFC AMC, State Bank of India, and National Alum were recommended as stocks to buy this week by Motilal Oswal.

7. Hyundai Motor India’s IPO was a success for its parent company, with the issue size being the largest in the country so far.

8. Wall Street saw US stocks edge lower as Treasury yields rose, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines.

9. Sky Gold raised ₹270 crore through Qualified Institutional Placement, with participation from various funds.

10. Zomato announced plans to raise ₹8,500 crore via QIP as it braces for intensifying competition in the market.

These updates provide a snapshot of the latest market movements and developments that investors and traders should keep an eye on. Stay tuned for more updates on the market as the day progresses.