Indian Stock Market Today: Big Moves and Investor Caution

The Market Feeling: Ups and Downs

On a related note, the Indian stock market overall has been a bit shaky lately. On Wednesday, the Sensex fell over 550 points, and the Nifty 50 dropped below 25,100. This decline mainly came after a five-day rally, which is like a short pause after a run-up—sometimes investors take profits when they see gains.

Some sectors like real estate and PSU banks didn't do so well, but companies like Titan, Infosys, TCS, Tech Mahindra, and Bharti Airtel did better.

Demand for other IPOs was strong too—LG Electronics’ IPO had a 27% grey market premium (meaning people think it’s worth more than its official price), and Tata Capital’s IPO was 75% subscribed, showing a lot of investor interest.

There's some concern because of a potential US government shutdown, which can shake investor confidence, and oil prices are rising, partly because fears about too much oil supply are easing. Analysts say valuations—how much stocks are worth—are getting closer between India and other markets, and upcoming earnings reports will be important for the market's direction.

Zelio E-Mobility’s Bright Start

Another IPO that made a splash is Zelio E-Mobility. The company’s shares jumped 19.56% by midday on October 8th, and it ended up closing at ₹162.60. That's about 13.9% higher than its ₹136 issue price.

This strong start suggests investors are excited about the electric vehicle market and believe Zelio has good growth potential. The IPO raised ₹22.29 crore from anchor investors—big players like Sanshi Fund-I and India Max Investment Fund, which means serious money is backing it.

But, let’s be real—just because Zelio had a good debut doesn’t mean it will stay strong. Investors are now watching closely to see if the company can keep this momentum and turn the excitement into real, lasting gains.