Latest Stock Market News

Vikran Engineering’s Rs 772 crore IPO opened for subscription on August 26 and was fully subscribed within the first two hours. The issue, priced at Rs 92–97 per share, has seen strong demand from retail and non-institutional investors, though QIB participation remains low. Shares are quoting at a 17% premium in the grey market.

Gold and silver prices rose in domestic markets, driven by safe-haven demand after Fed Governor Lisa Cook’s firing and expectations of a September rate cut. Gold touched Rs 1,00,950/10g, silver Rs 1,16,284/kg. Volatility is expected amid rupee movements, dollar index fluctuations, and geopolitical tensions.

European shares dropped on Tuesday, led by losses in France as political uncertainty deepened in the country, while mounting concerns over the U.S. Federal Reserve s independence curbed appetite for riskier assets globally.

Patel Retail fell 5% to ₹290 after a strong debut but still trades 14% above its IPO price of ₹255; with a market cap of over ₹971 crore, analysts advise short-term investors to book profits.

Japan s Nikkei share average ended at a more than two-week low on Tuesday, as the yen strengthened after U.S. President Donald Trump fired a Federal Reserve governor.

WealthMills Securities Kranthi Bathini suggests that a potential Fed rate cut could positively influence Indian markets, especially with foreign inflows. While IT stocks have shown gains, a sustainable rally is uncertain, and sectoral rotation is expected to continue. Investors should focus on staggered buying and profit-taking strategies, closely monitoring the Nifty level of 25,000.

Investors seeking dividend income should purchase shares by August 26 to qualify for payouts from companies like Procter & Gamble Hygiene, Vedant Fashions, and Jyothy Labs. These firms, along with others such as Gujarat Pipavav Port and Route Mobile, have set August 27 as the record date for dividend eligibility.

Sattva Engineering Construction s IPO is now open for subscription. The book-building issue is worth Rs 35.38 crore. Grey market premium indicates positive listing expectations. The IPO will remain open until August 29. Allotment is expected on September 1. Shares will likely list on NSE SME on September 3.

Current Infraprojects Rs 41.80 crore IPO opens today, with a price band of Rs 76-80 per share and a strong grey market premium. The company aims to utilize the IPO proceeds for a solar project, working capital, and general corporate purposes. Anchor investors have already infused Rs 11.62 crore into the issue.

It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.