Latest Stock Market News

GST is viewed as a market support with hopes for simplification boosting consumption, though short-term disruptions may cause purchase delays. Markets are expected to move sideways as fundamentals align, influenced by news, geopolitics, and FII flows, creating volatility. Rural FMCG consumption is recovering, but valuations remain high, potentially impacting long-term investment decisions.

Ola s share price tumbled after VAHAN data showed the EV maker lagging rival Ather Energy in August sales, with 9,522 registrations versus Ather’s 10,248 as of August 20. If the momentum continues, Ola’s market share could fall below that of its competitor.

Indian government bonds remained flat as demand weakened due to fiscal concerns surrounding a proposed tax overhaul. Traders are cautious, awaiting the weekly bond auction where 360 billion rupees worth of bonds will be sold. The market is also anticipating Q1 GDP data to assess the central bank s rate-easing path, while the RBI acknowledges growth risks from trade tensions.

Trump’s portfolio includes corporate bonds from major firms such as Citigroup, Morgan Stanley, Wells Fargo, Meta, Qualcomm, The Home Depot, T-Mobile, and UnitedHealth Group.

Shreeji Shipping IPO GMP: As of Thursday, Shreeji Shipping’s IPO is quoting a grey market premium (GMP) of ₹27, implying a likely listing price of around ₹279, or about 11% above the issue price. The GMP reflects market sentiment but is unofficial and subject to change, so it shouldn’t be seen as a sure predictor of the stock’s listing price.

Aditya Birla ARC, a joint venture, provided a 40% return to its investors. This is the highest among Indian asset reconstruction companies. The ARC invested ₹6,000 crore in stressed assets. It generated substantial profits from investments like KSK Mahanadi Power and Rattan India Power. However, the company plans to surrender its ARC license.

Indian market continues its upward trend. IndusInd Bank addresses past issues. Godrej Properties acquires stake in Godrej Skyline Developers. Promoters may sell stake in Clean Sciences. Exide Industries invests in Exide Energy Solutions. Vedanta informs about corporate guarantee. Jupiter Wagons receives order for Vande Bharat train wheelsets. UltraTech board approves stake sale in India Cements.

Indian renewable energy companies are preparing for significant fundraising through IPOs. Several companies like Emmvee Photovoltaic and Juniper Green Energy await SEBI approval. NTPC Green Energy s successful listing has boosted the sector. Experts believe this signals the sector s maturity. Companies will use IPO proceeds for capacity expansion. This surge in activity is driven by India s ambitious renewable energy targets.

Nazara Technologies shares plummeted after the Lok Sabha passed a bill banning real money gaming. The company clarified its indirect exposure through a stake in PokerBaazi, which reported losses. Analysts suggest Nazara s investment in PokerBaazi is now at risk, while Delta Corp is unlikely to be affected due to a prior divestment.

Asian equities are poised for a mixed open as Wall Street favored bonds ahead of the Federal Reserve s Jackson Hole gathering. Fed officials highlighted inflation risks, fueling debate within the central bank. Technology stocks declined, with the Magnificent Seven experiencing their longest losing streak since April, raising concerns about a potential market correction.