Latest Stock Market News

Foreign Institutional Investors (FIIs) have continued their selling trend in August, offloading equities worth ₹25,564 crore, bringing the year s total to ₹1,57,440 crore. High valuations in India compared to other emerging markets and concerns over IT sector growth are key drivers. However, a potential rate cut by the Federal Reserve may ease the selling pressure.

Axis Securities has highlighted its top conviction ideas in the banking space across Tier 1 banks, PSU banks, and mid-sized banks, reflecting growth visibility and margin resilience.

The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation s (SMBC) acquisition of up to 24.99% stake in Yes Bank, though SMBC won t be classified as a promoter. This follows SMBC s plan to increase its holding to 20% through a secondary purchase from State Bank of India and seven other shareholders.

Ajay Khandelwal anticipates India s equity markets will be driven by clean energy, manufacturing, and digital platforms as it progresses towards its 2047 goals. He advises focusing on companies benefiting from domestic growth and diversified exporters, favoring those with strong financials. Khandelwal expects market volatility in the near term, but anticipates earnings growth to broaden from Q2 FY26 onwards.

These stocks represent a diverse range of industries, all of which have shown notable dividend yields.

Nvidia s earnings are a key test for the AI market. Tech stocks recently declined. Nvidia s results will impact the tech sector and overall market. Investors are watching closely. Nvidia s growth has fueled AI excitement. Analysts cite AI industry developments as reasons for caution. Economic data and consumer sentiment will also be in focus.

Jerome Powell s speech at Jackson Hole boosted market confidence. Investors are now betting on a September rate cut. This has led to gains in stocks and a drop in Treasury yields. However, concerns remain about stagflation and the Fed s independence. Donald Trump s pressure on the Fed is also causing unease. The dollar weakened due to expectations of lower interest rates.

Fitch has kept the U.S. credit rating at AA+. The agency is concerned about rising debt. But the large economy and the dollar s global role support the rating. High deficits and debt are problems. Tariff revenues may help this year. Fitch expects deficits to rise long term. The U.S. rating outlook is stable. S&P Global also maintained its AA+ rating.

Wall Street surged after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, sparking optimism. Treasury yields dropped, and futures traders increased bets on a September rate cut. The S&P 500 rebounded, while the Russell 2000 saw significant gains. The dollar weakened, and risk assets like Bitcoin and gold rose, fueled by expectations of growth-oriented monetary policy.

It’s important to note that this list includes only those companies where Kacholia’s stake exceeds 1%, and may not represent all his investments.