Latest Stock Market News

Investors eagerly anticipate Reliance Industries AGM, expecting updates on the potential Jio IPO timeline. Regulatory shifts could ease the IPO process, while Jio focuses on monetization and develops its AI capabilities. RIL s new energy ambitions and retail expansions, including quick-commerce and fast fashion ventures, are also key areas of interest.

Reliance Power and Reliance Infrastructure shares fell after the CBI searched Anil Ambani’s home in a ₹2,929 crore Reliance Communications fraud case. Both firms said the probe has no impact on their operations, while Ambani denied the allegations, noting the transactions date back over a decade when he was a non-executive director.

Quantum AMC s George Thomas is optimistic about private banks due to potential upside and anticipated credit growth, favouring large-cap stocks with strong liquidity and governance. He sees potential in consumer discretionary stocks like two-wheelers and durables, advising investors to be forward-looking. The firm holds significant positions in financials and IT, expecting IT to outperform as Gen AI adoption scales.

Reliance Power shares have surged recently. The stock rose over 17% in one week. This increase follows news of a joint venture in Bhutan. The company is expanding its renewable energy business. Analysts suggest potential further gains. Investors are advised to trade cautiously. Experts recommend setting a stop loss. The stock may reach Rs 60 in the best-case scenario.

Vikran Engineering will launch its Rs 772 crore IPO on August 26. The IPO will close on August 29. The price band is Rs 92–97 per share. The IPO shows strong grey market interest. The company will allocate shares to QIBs, NIIs, and retail investors. Vikran Engineering will use the funds for working capital and general corporate purposes.

The banking sector s loan loss provisioning surged to a three-year high in the June quarter, driven by increased provisioning from private sector banks. While private banks saw a significant rise, public sector banks reported a decline in provisioning. This increase was influenced by one-off provisioning events and policy changes at certain banks.

Life insurers in India, including LIC, HDFC Life, and SBI Life, are strategically increasing the minimum and average policy values to enhance persistency and reduce policy lapses. This shift is driven by the understanding that higher-value policies correlate with better renewal rates and financially stable customers.

Economists anticipate India s monetary policy framework to remain largely unchanged, retaining the 4% retail inflation target. Tweaks are expected to enhance communication of inflation goals, particularly regarding core inflation. While the flexible inflation targeting framework is likely to persist, increased emphasis on growth alongside inflation is anticipated.

Nifty is expected to be volatile, finding support near 24,700. A breakout above 25,150 could lead to 25,300-25,500, while a drop below 24,800 may take it to 24,600. Analysts suggest buying on dips, focusing on banking, auto, IT, pharma, and consumer stocks, anticipating market buoyancy due to positive cues.