Latest Stock Market News

Shares of paper companies surged up to 17% on Monday after the government imposed a Minimum Import Price (MIP) on Virgin Multi-layer Paper Board to curb cheaper imports and protect domestic producers. JK Paper, Tamil Nadu Newsprint & Papers, and West Coast Paper led the gains, with heavy trading volumes signaling strong investor interest in the sector.

ITC Hotels shares faced selling pressure. JM Financial started covering the stock with a ‘sell’ rating. The brokerage cited valuation concerns despite strong fundamentals. The stock price declined following the report. JM Financial acknowledged ITC Hotels leadership and growth. However, limited near-term asset commissioning and current valuations led to the sell recommendation.

Nitin Raheja highlights risks in pure railway plays, prefers diversified firms, and sees domestic consumption and profitability-driven new-age tech stocks like Zomato and Paytm as key drivers of the next market gains.

Vodafone Idea shares rose 2.3% to Rs 7.23 on Monday, extending a two-day rally of over 10%, after reports that the Prime Minister’s Office is reviewing a relief package for the debt-laden telecom operator. Proposed measures include a two-year moratorium extension, flexible repayments, lower installments, and possible penalty waivers on AGR dues of Rs 83,400 crore.

Fed Chair Jerome Powell’s comments on labour risks signal scope for a September rate cut, lifting gold while pressuring the dollar. Economist Anurag Singh says India remains resilient, driven by domestic consumption and jobs, with limited dependence on slowing global growth.

Indian markets face uncertainty ahead of the Aug 27 deadline, as Trump’s proposed 25% additional tariff on Indian goods could double duties to 50%. A Nomura survey shows investors see low odds of it being enforced, but India’s stance on Russian oil raises the risk.

Japanese government bonds stabilized on Monday after a volatile week. Fiscal concerns had previously driven super long-term yields to record highs. The benchmark 10-year JGB yield remained steady. Investors are cautious due to domestic politics and fiscal policy. Yields on 30-year JGBs stayed at their all-time peak. A poll showed a rebound in public approval for Prime Minister Shigeru Ishiba.

Indian government bonds experienced a rise on Monday, recovering from last week s decline, spurred by U.S. Federal Reserve Chair s indication of a potential interest rate cut next month. The benchmark 10-year bond yield is currently at 6.5422%. Market concerns persist regarding proposed Goods and Services Tax (GST) cuts, potentially leading to fiscal slippage and increased government borrowing.

S&P’s overdue sovereign upgrade and GST rationalization should boost India’s outlook, but markets remain muted as looming US tariffs weigh heavy. With India facing the steepest 50% rate, RBI may allow rupee depreciation to cushion the blow. Benign oil and food inflation provide space for calibrated currency adjustment.

State Bank of India has increased its home loan rates, setting the new range between 7.50% and 8.70%. Experts believe the impact on overall housing demand will be limited, especially for the mass market and first-time homebuyers. While affordable and mid-range housing segments may be more sensitive, structural drivers should maintain momentum.