Latest Stock Market News

On Wednesday, the Nasdaq and S&P 500 experienced declines as investors shifted away from tech stocks towards sectors with lower valuations, awaiting insights from Federal Reserve officials at the Jackson Hole symposium. Tech stocks faced pressure due to concerns about AI valuations and potential government intervention. Meanwhile, investors are closely monitoring upcoming economic data and earnings reports from major retailers.

Oil prices experienced a slight increase due to a larger-than-expected decline in U.S. crude oil and fuel inventories, signaling strong demand. Despite this positive sentiment, concerns persist as negotiations to resolve the Russia-Ukraine conflict remain ongoing, potentially impacting Russian oil supplies and leading to further sanctions.

The U.S. dollar remained stable amidst concerns about President Trump s repeated criticism of the Federal Reserve, specifically targeting Governor Lisa Cook. Investors are closely watching Fed Chair Jerome Powell s upcoming speech for hints about potential rate cuts, especially after a weak jobs report.

Australian shares reached a record high, propelled by gains in the mining and banking sectors. Investors are keenly awaiting U.S. Federal Reserve Chair Jerome Powell s speech for insights into future interest rate decisions. Meanwhile, James Hardie and Whitehaven Coal experienced significant declines due to bleak outlooks and profit drops, respectively.

ARC Insulation IPO aims to raise Rs 41.19 crore. It includes a fresh issue and an offer for sale. The IPO closes on Monday. Grey market premium suggests potential listing gains. The company specializes in glass fiber reinforced polymer products. Revenue and profit have shown strong growth.

Bemco Hydraulics, known for its impressive 1672% returns, is set to reward investors with a 1:1 bonus issue and a 10:1 stock split. August 22 is the record date, requiring investors to purchase shares today to qualify. This dual action significantly increases the number of shares held, enhancing liquidity and making the stock more accessible to retail investors.

Indian investors seeking dividends have a final chance to buy shares. Friday is the record date for eligibility. Godfrey Phillips India leads with a Rs 60 per share dividend. IRCTC, LIC Housing Finance, and Lodha Developers also announced payouts. Numerous other companies across sectors declared dividends. This includes ABM Knowledgeware, AGI Greenpac, and Jindal Stainless.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

The 200-day daily moving average (DMA) is used by traders as a key indicator to determine a particular stock s overall trend. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

India s market is poised for growth due to recent reforms. GST cuts are expected to boost consumption and confidence. Electronic manufacturing is a sector with strong potential. FMCG and automobiles are likely to perform well. Rural and urban demand is expected to increase. Pharma sector may see time correction. Overall, the economic outlook is positive for the coming months.