Latest Stock Market News

Protean eGov Technologies share price: Protean eGov Technologies shares surged by 10.9% following the announcement of a significant work order from UIDAI, valued at approximately Rs 1,160 crore. The project involves establishing and operating Aadhaar Seva Kendras across 188 districts in India over six years, facilitating Aadhaar enrolment and update services. Despite past declines, this contract has boosted investor confidence.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Sai Life Sciences shares experienced a 4% drop following a significant trade involving 3.2 crore shares. TPG Asia likely divested a 15.4% stake in the company through a block deal at Rs 874 per share, potentially marking a complete exit for the private equity firm.

Global brokerage Cantor has initiated coverage on Ambuja Cements with an ‘Overweight’ rating and a target price of Rs 745, implying 28% upside. The firm cites Ambuja’s capacity expansion, cost efficiencies, and premium products as key drivers of growth and valuation re-rating potential.

Vodafone Idea share price: The government has ruled out additional AGR relief for Vodafone Idea. The Centre clarified that no further concessions are planned beyond past equity conversions, leaving the telco’s Rs 75,000 crore liability and post-moratorium repayments a key concern for investors.

Jerome Powell s recent remarks at the Jackson Hole Symposium have fueled market expectations of a U.S. Federal Reserve rate cut in September. While Nomura anticipates three cuts, they foresee a more cautious approach than markets predict. India faces potential tariff hikes from the U.S., but proactive policy responses are expected to mitigate the impact.

A White Marubozu is a bullish candlestick pattern that forms when the opening price is the lowest and the closing price is the highest for a given period.

HDFC Bank shares appeared to crash 62% on Tuesday, but the decline was only a technical adjustment as the stock turned ex-bonus after its 1:1 issue. The bonus shares increase liquidity and retail access, without impacting the bank’s market capitalisation or shareholder value.

Indian stock markets experienced a significant decline. Sensex and Nifty both fell sharply on Tuesday. This drop followed the United States announcement of potential tariffs on Indian goods. The proposed tariffs could reach up to 50%. Investors are reacting to this trade development. Currency fluctuations and foreign investor selling are also contributing to the market downturn.

As Ganesh Chaturthi brings festive hope, expert Jigar Mistry advises investors to remain cautious. Global tariff disputes and delayed US rate cuts impact market sentiment. While corporate earnings show growth, revisions suggest a slowdown. Mistry highlights potential in travel, hotels, and financials.