Latest Stock Market News

Varun Saboo of Anand Rathi sees tariff fears as overstated, with India’s GDP hit capped at 70–80 bps. He highlights resilient domestic flows, policy support, and attractive valuations at 18x forward earnings. IT stocks, trading below historical multiples, remain his must-buy sectoral bet.

Bitcoin slipped 0.2%, trading near $1,11,375, its lowest in seven weeks after retreating from August highs. Profit booking hit major altcoins, while Avalanche gained. BTC ETFs saw $250M inflows, ending outflows. Ether surged 4%, hitting $4,955, with strong investor traction and heavy inflows supporting bullish momentum.

Howard Lutnick’s remark that Lockheed Martin acts as an arm of the US government reignites debate on Washington’s ties with defence firms. Trump-era policies deepened subsidies, tax breaks, and capital support, making defence stocks safer for investors but raising concerns about market distortion and America’s shifting free-market identity.

European shares rebounded on Wednesday, recovering from a recent dip as investors monitored political developments in France and anticipated earnings from AI giant Nvidia. The STOXX 600 index and France s CAC 40 both saw gains. German consumer sentiment is expected to decline amid job loss and inflation concerns.

Japan s Nikkei experienced a boost, driven by Advantest s gains as investors eagerly anticipated Nvidia s outlook. Nikon surged following reports of EssilorLuxottica s potential stake increase. Market sentiment was influenced by expectations of a Federal Reserve rate cut and concerns about potential Bank of Japan policy adjustments, impacting the yen s trajectory. Automakers saw mixed performance, while bank shares generally declined.

French bond yields slightly decreased on Wednesday after hitting multi-year highs due to political uncertainty. Opposition to Prime Minister Bayrou s budget cuts raised concerns about the government s stability, impacting investor confidence. Adding to global market worries, President Trump s attempt to remove a Federal Reserve Governor sparked fears about central bank independence.

JD Property, Partners Group, and EZA Hill Property are planning to launch a Singapore-based REIT potentially valued at over $1 billion, aiming for a listing on the Singapore Exchange as early as next year. This move signals growing confidence in Singapore s REIT sector and highlights the increasing role of Chinese capital in Southeast Asia.

Indian markets brace for a potentially weak opening following Ganesh Chaturthi, influenced by Trump s tariffs and negative Asian market trends, excluding Japan. Experts advise caution as Nifty faces expiry and FII selling pressure. The rupee s depreciation against the dollar adds to concerns. Technical analysis suggests a bearish outlook, with potential for further declines if key support levels are breached.

As US tariffs on Indian goods take effect from August 27, experts warn of a hit to export-heavy sectors like textiles, auto components, and shrimp, while domestic-focused industries may stay resilient. Hopes of a relief window remain dim, but upcoming GST 2.0 reforms could cushion the blow, keeping India’s growth story largely intact.

New US tariffs are poised to deeply impact India s economy, potentially reducing corporate earnings due to elevated tariffs of 20-25%. Dhananjay Sinha of Systematix Group advises investors to focus on domestic themes like consumption, autos, e-commerce, and renewables amid global headwinds. Corporate growth has slowed, and government infrastructure spending may be limited by fiscal constraints.