Latest Stock Market News

Gold prices are hitting new records due to market uncertainty. Investors anticipate the U.S. Federal Reserve will cut interest rates. This expectation is boosting demand for gold. Donald Trump s administration is seeking a Supreme Court ruling on tariffs. The market is watching U.S. non-farm payrolls data. This data will influence the Fed s rate cut decision later this month.

Trading below the 200 DMA is considered a negative signal, indicating that a stock’s price is below its long-term trend line.

The GST Council meeting is anticipated to bring significant reforms, potentially boosting sectors like autos, consumer durables, and discretionary consumption. Analysts predict that a GST rate cut of 7-10% could lead to price reductions, spurring demand. Experts believe these reforms could trigger a strong consumption upcycle, especially benefiting lower-income households and driving growth in various sectors.

NSDL shares are in focus as 4% of its equity, valued at approximately USD 107 million, exits a one-month lock-in period. This event, along with similar lock-in expirations for Sri Lotus Developers and M&B Engineering, could lead to increased market volatility. NSDL has shown strong post-listing performance, potentially prompting profit-booking by early investors.

TCS shares: TCS inks €550 mn, 7-year deal with Scandinavia’s Tryg to drive digital transformation across Denmark, Sweden and Norway.

Indian benchmark indices Sensex and Nifty experienced a decline on Wednesday, primarily influenced by the downturn in banking and IT sectors. Investors exhibited caution in anticipation of the GST council meeting, where potential rate cuts on various goods are expected. The S&P BSE Sensex fell by 0.16%, while the NSE Nifty 50 also dropped by 0.16%.

A shift below the VWAP suggests a potential bearish trend, according to technical scan data from StockEdge.com.

Axis Securities Top Picks Basket has outperformed the Nifty 50, delivering significant returns since May 2020. With optimism surrounding festive demand and potential earnings upgrades, Axis Securities has unveiled its top stock picks across various market caps. These picks are strategically positioned to capitalize on India s robust growth outlook, offering substantial upside potential.

Waaree Energies is set to acquire a 64% stake in Kotson’s Private Limited for ₹192 crore, aiming to bolster its position in the power value chain. The acquisition, expected to close by September 30, will grant Waaree Energies greater control over supply and product quality. Additionally, Waaree Energies will acquire 100% shareholding in Impactgrid Renewables for ₹1 lakh.

Sugar stocks are rallying due to government ethanol production decisions. Investors are hopeful, but past rallies have not always yielded long-term gains. Good monsoons and ethanol-blended petrol are positive factors. Analysts have mixed opinions on the sector s long-term sustainability. Ethanol prices and cane supply are key factors to watch. Some companies are better positioned to benefit.