Latest Stock Market News

Bitcoin hovered near $113,000 on Thursday, with analysts highlighting $109,000 as a crucial support level. While options data signals possible upside toward $116,000, Ethereum attracted strong ETF inflows, reflecting rising institutional appetite even as broader crypto markets trade mixed amid macroeconomic uncertainty.

India faces steeper U.S. tariffs with duties now at 50%, a move that could shave 30–40 bps off GDP growth. Market strategist Matt Orton says the pain is uneven, with sectors like semiconductors and pharma cushioned, while India’s long-term growth story stays intact.

Ola Electric s share price has seen a sharp rally after the company received PLI certification for its Gen 3 scooter range. The approval is expected to bolster margins and profitability, though competition from Ather and TVS and ongoing financial pressures continue to weigh on sentiment.

Veteran investor Samir Arora believes U.S. tariffs on Indian exports are temporary and already priced in by markets. He sees limited impact given most affected sectors are unlisted, while upcoming GST reforms could provide lasting demand support and outweigh near-term trade pressures.

JP Power’s board has approved exploring a 50 MW solar facility at its existing 500 MW Jaypee Bina Thermal Power Plant (JBTPP) site. The project will move ahead subject to requisite approvals, including clearance from lenders.

Vikran Engineering IPO is seeing robust grey market demand, with shares trading at a 12.3% premium over the issue price of ₹97. This translates to a gain of about ₹12, implying a potential listing near ₹109. However, the grey market premium (GMP) is only an informal indicator of sentiment and may fluctuate.

According to Ajay Bagga, the Indian stock market has largely absorbed the impact of new U.S. tariffs, shifting focus to domestic events like the GST Council meeting, which could spur rallies in FMCG, durables, and auto sectors. While textiles face challenges, other export sectors like pharma and electronics remain vulnerable to policy changes.

Indian shrimp and textile exporters faced a significant downturn, with shares plummeting up to 12% following U.S. President Trump s imposition of a 50% tariff on Indian imports. This move, effective Wednesday, has eroded India s competitiveness, particularly in key sectors like apparel and seafood, where competitors face lower tariffs.

ETMarkets examined the June 2025 quarter disclosures of veteran investor Madhusudan Kela, who holds stakes above 1% in about 14 companies, with a combined market value of nearly Rs 2,700 crore as of August 26.