Latest Stock Market News

Pranav Haldea of Prime Database Group highlights the diversification in recent IPOs, with new-age tech and traditional manufacturing firms participating. He notes Indian promoter families are recognizing IPOs wealth creation potential. Loosening MPS norms is positive for large capital companies, though its impact will be limited to a few major IPOs.

BlueStone Jewellery shares saw a positive debut, climbing over 6% after a slightly below-IPO-price opening. The IPO, subscribed 2.72 times overall, raised Rs 1,541 crore. While revenue grew 40% to Rs 1,830 crore in FY25, losses also widened. IPO funds will be used for working capital and general corporate purposes.

Chirag Muni of Anand Rathi Wealth Limited advises investors on navigating mid- and small-cap stocks, highlighting their higher growth potential but also increased volatility compared to large-caps. He suggests a diversified portfolio with a balanced allocation across market caps for optimal risk-adjusted returns.

Marketsmith India s Head of Equity, Mayuresh Joshi, expresses optimism about the Indian economy, citing factors like S&P s sovereign rating upgrade and anticipated GST rationalization to boost consumption. He believes strong domestic flows, recovering earnings, and India s favorable position amid global trade uncertainties will attract FPIs and FDIs. Extension of steel safeguard duties is also expected to benefit domestic steel producers.

Markets are positive due to GST bonanza. Rajat Sharma of Sana Securities highlights FMCG s sweet spot, driven by revised tax rates and good monsoons. Pharma sector is also attractive due to lack of tariffs and India s strong position in generics supply to the US. Focus on top companies like HUL, ITC, Dr Reddy s, and Sun Pharma for investment.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Reliance Industries FMCG arm, Reliance Consumer Products, has acquired a majority stake in Naturedge Beverages. The move marks RCPL’s entry into the healthy functional beverages market with flagship brand Shunya, expanding its portfolio into herbal, natural, and wellness-driven drinks.

Chennai s LGT Business Connextions is set to launch its IPO today. The IPO aims to raise Rs 28.09 crore. The issue includes fresh equity and an offer for sale. The IPO price is Rs 107 per share. The subscription window will remain open until August 21. The company plans to list on the BSE SME platform on August 26.