Latest Stock Market News

Banks are closely watching Indian companies foreign investments. They are asking more questions about the purpose and success of these ventures. This happens as foreign investment in India has significantly decreased. Banks now want detailed information and proof before approving money transfers abroad. This ensures investments are genuine and used correctly, as per Reserve Bank of India guidelines.

A recent Sebi consultation paper proposing changes to India s IPO market is facing criticism for merely tinkering with existing rules instead of enacting a comprehensive overhaul. The paper s focus on adjusting allocations for institutional and retail investors, particularly in large IPOs, is seen as perpetuating outdated beliefs about retail investor capabilities.

Economists largely believe that growth concerns will guide the RBI s monetary policy, making further repo rate cuts unlikely from the current 5.5%. While inflation remains benign, a significant growth slowdown, potentially triggered by US tariffs, could prompt a rate reduction.

Oil prices rebounded slightly on Thursday, influenced by the upcoming Trump-Putin meeting and its potential impact on Russian oil flows. Anticipation of a U.S. Federal Reserve rate cut in September, spurred by moderate inflation, also supported prices. However, gains were limited by unexpected U.S. crude inventory increases and forecasts of rising global oil supply in the coming years.

Broking firms witnessed a profit rebound in the June quarter, recovering from a weak January-March. Motilal Oswal Financial Services reported significant profit. IIFL Capital Services and 5Paisa Capital also saw gains. Angel One s profits declined. Market regulator SEBI s regulations impacted broker revenues. BSE s profits surged, gaining market share.

Gold prices surged on Wednesday, propelled by a weaker dollar and declining Treasury yields, fueled by expectations of a Federal Reserve rate cut in September. Spot gold rose 0.3% to $3,355.58 per ounce, while U.S. gold futures settled higher. Markets anticipate further U.S.

Bitcoin soared to a record high of $124,002.49, fueled by expectations of Federal Reserve rate cuts and Trump administration s crypto-friendly policies. Ether also hit a high of $4,780.04. Analyst Tony Sycamore suggests a break above $125k could propel Bitcoin to $150,000.

Wall Street saw gains as hopes rose for interest rate cuts. S&P 500 and Nasdaq hit new records. Dow Jones also climbed. Asian and European markets reacted positively. Homebuilder stocks surged. HanesBrands agreed to be acquired by Gildan. Bullish had a strong debut. Amazon s grocery delivery plans impacted Kroger and DoorDash. Cava Group and CoreWeave faced losses. Treasury yields decreased.