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Japanese equities continued their upward momentum on Tuesday, with the Nikkei index rising 1% at the open to a new all-time high, following a 4.8% surge on Monday. The rally came after the election of a pro-stimulus leader, boosting investor sentiment.

On Wall Street, US stocks closed at record highs, driven by strong gains in chipmakers after Advanced Micro Devices’ (AMD) blockbuster deal with OpenAI.

Meanwhile, the yen remained under pressure, holding its biggest drop in nearly five months ahead of the government bond auction, while gold prices moved closer to the $4,000 per ounce mark.

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Following OPEC+’s agreed on a slight increase in the supply limit, oil steadied following a two-day gain. Traders were also interpreting signals from lower-than-expected Saudi pricing.

Following a 1.5% rise on Monday, Brent crude was trading above $65 per barrel, with West Texas Intermediate trading close to $62.

GIFT Nifty trading with a discount of over 30 points from Nifty Futures’ Monday close. Indicates a start in the red for the Indian market.

Flipkart Investments Pvt Ltd has sold a 6% stake in Aditya Birla Lifestyle Brands Ltd for about ₹998 crore through a block deal on the exchanges, according to exchange data.

The shares were sold at an average price of ₹136.45 per share, reflecting a 7% discount to the stock’s previous closing price.

The deal, which confirms a CNBC-TV18 newsbreak on Sunday, witnessed strong participation from domestic institutional investors.

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Prestige Estates Projects Ltd announced that its subsidiary, Prestige Mulund Realty Private Limited, has received a ₹153.6 crore show cause notice from the Directorate General of Goods & Services Tax Intelligence (DGGI), Mumbai.

The notice, issued under the CGST, SGST, and IGST Acts of 2017, alleges non-payment or short-payment of GST by the subsidiary.

On Monday, October 6, Advanced Micro Devices Inc. (AMD) shares increased 24% following the company’s announcement of a multibillion-dollar agreement with Sam Altman’s OpenAI.

With the addition of $63 billion, AMD’s market capitalisation now stands at $330 billion, surpassing companies like Coca-Cola, General Electric, and Chevron. The stock had risen as high as 37% during early trade.

Subscriptions for LG Electronics India’s ₹11,607 crore IPO begin on Tuesday, October 7. After HDB Financial’s ₹12,500 crore IPO earlier this year and Tata Capital’s ₹15,500 crore issuance, which is still available, this will be the third-largest Indian IPO of 2025.

Here are the key stocks to watch in Today’s trade — LTIMindtree, Brigade Enterprises, Bharti Airtel, Vodafone Idea, Dilip Buildcon, HCLTech, Zydus Lifesciences, Metropolis Healthcare, and Bank of India.

These counters are likely to remain in focus based on recent news flow, earnings updates, and market activity.

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The week gets off to a good start, with a proper, trending move rather than a 40–50 point increase. To begin the new week, the Nifty bulls could not have asked for more.

Given that two sizable IPOs will go on sale this week and two more will launch on Thursday, the move also goes against the notion that an enthusiastic IPO market may depress some market sentiment.

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