Latest Stock Market News

Reliance Infrastructure and Reliance Power shares surged over 10% in two days after project wins boosted sentiment. Reliance Infra bagged an NHPC solar-plus-BESS project, while Reliance Power entered a Bhutan JV, strengthening their clean energy pipeline to over 3 GW solar and 3.5 GWh storage.

Bitcoin slipped toward $113,000 and Ethereum neared $4,100 as profit-taking, US tariffs, and inflation concerns weighed on sentiment. Experts flagged short-term holder capitulation, ETF outflows, and regulatory probes, but highlighted resilient support levels and whale accumulation as key factors shaping the next move.

Regaal Resources shares: The stock debuted at ₹141.80 on the BSE, a 39% premium to its IPO price of ₹102, and at ₹141 on the NSE, marking a 38.2% gain. However, the initial surge lost steam as the shares slipped to an intraday low of ₹131.9 on the BSE.

Ed Yardeni anticipates Fed Chair Jerome Powell to adopt a wait-and-see approach at the Jackson Hole Symposium. Upcoming inflation and payroll data will influence the Fed s decision on rate cuts. Yardeni believes inflation is stickier than perceived. He foresees a potential market dip in August-September, followed by a year-end rally. He projects the S&P 500 to reach 6600 by year-end.

According to Alok Agarwal, with the RBI already taking steps on the monetary side and earlier reforms on direct taxes and regulations, the latest GST change provides the missing push on the fiscal front, creating a more balanced policy support for growth.

Michelle Bowman argued that direct experience with digital assets would improve their ability to regulate the sector effectively.

Citadel Securities is expanding its Indian operations by hiring options trader Prajual Maheshwari, signaling confidence in the South Asian market despite recent regulatory scrutiny. The firm aims to recruit more traders and senior staff for its Gurugram office, which already handles cash equities and derivatives.

Axis Securities PMS CIO Naveen Kulkarni discusses the telecom pricing war. Jio and Airtel lead in network quality. Vodafone Idea faces subscriber erosion and ARPU challenges. Kulkarni anticipates Vodafone will align with market leaders. He notes potential ARPU improvement with tariff hikes. Airtel is seen as an attractive investment due to its ARPU and subscriber base.

Shreeji Shipping Global IPO was subscribed 2.78 times on Day 2 so far, led by strong retail and NII demand, while GMP held at 11%. The Rs 411-crore issue, priced at Rs 240-252 per share, closes August 21 with listing set for August 26.

Reliance Jio focuses on 5G expansion, broadband penetration, and enterprise growth. Jio turned free cash flow positive. Revenues from external clients increased significantly. Jefferies notes that tariff interventions are needed to sustain margins. High capitalized costs impact near-term profitability. Jio benefits from 5G adoption and fiber connectivity. The company aims to scale its enterprise business with IoT and AI solutions.