Latest Stock Market News

The U.S. dollar weakened after President Trump removed Fed Governor Lisa Cook, citing mortgage fraud allegations, raising concerns about the Fed s independence. This move intensified worries about political influence on monetary policy, impacting Treasury yields. Other currencies like the euro and yuan saw gains amidst political developments and stock market rallies.

Oil prices slightly decreased on Tuesday, following a nearly 2% surge in the previous session, as traders closely monitor the Russia-Ukraine conflict s potential impact on fuel supplies. Concerns over supply disruptions due to Ukrainian attacks on Russian energy infrastructure and anticipated U.S. sanctions on Russian oil are influencing market sentiment. Traders are also awaiting U.S. inventory data.

Vikran Engineering garnered ₹231.6 crore from anchor investors, including Bank of India MF and Societe Generale, ahead of its ₹772-crore IPO opening on August 26. The IPO, with a price band of ₹92-97 per share, comprises a fresh issue and an offer-for-sale. Proceeds will fund working capital.

HDFC Bank s shares are in focus as August 26 marks the record date for its first-ever 1:1 bonus share issue. Investors holding the stock on Monday qualify to receive one additional share for each share owned. This move signals management s confidence and rewards investors, following a Q1FY26 report of a 12% year-on-year standalone net profit growth to ₹18,155 crore.

LGT Business Connextions Ltd. is set to debut on the BSE SME platform on Tuesday, August 26, with expectations of a flat listing as its grey market premium remains at the issue price of Rs 107. The IPO, which closed on August 21 and was subscribed 1.25 times, aims to utilize the Rs 28.

Anlon Healthcare launches its Rs 121 crore IPO today. The IPO will remain open until August 29. The company will offer 1.33 crore fresh equity shares. The price band is Rs 86–91 per share. The IPO proceeds will fund expansion and debt repayment. Anand Rathi suggests subscribing for the long term. Listing is scheduled on NSE SME on September 3.

Vikran Engineering s Rs 772 crore IPO opens today, featuring a fresh issue and offer for sale, closing on August 29. With strong GMP, listing is expected on September 3. The company, backed by anchor investors and pre-IPO placements, will use IPO proceeds for working capital.

TPG Inc. is leading the race to acquire a significant minority stake in Tessolve, a semiconductor design and engineering company primarily owned by Hero Electronix. TPG s growth fund has entered into an exclusivity agreement with Tessolve for final negotiations, surpassing Advent International s bid, valuing Tessolve at $475-500 million.

Hedge funds are shifting their energy strategies, moving away from shorting oil stocks, a dominant position since 2021, and reducing short bets against solar stocks. This reversal is driven by concerns about oil supply and demand, coupled with optimism for clean energy. Economic slowdown fears and rising oil inventories contribute to skepticism towards the oil sector, influencing investment decisions.

Asian equities are poised to decline, mirroring Wall Street s downturn, as investors await a crucial US inflation report that could influence the Federal Reserve s rate cut decisions. Concerns linger about the pace of potential rate reductions amid mixed signals from the labor market and persistent inflation.