Latest Stock Market News

ONGC shares: ONGC posted an 18.2% YoY rise in Q1FY26 consolidated net profit to ₹11,554.21 crore, even as revenue fell 3.2% to ₹1,63,108 crore. Standalone profit dropped 10.2% YoY to ₹8,024 crore but grew 24% QoQ, while standalone revenue slid 9.3% YoY to ₹32,003 crore. EBITDA declined 2% YoY to ₹18,657 crore.

Vodafone Idea shares face scrutiny ahead of Q1 earnings, with analysts warning of potential downside due to a weak technical structure and bearish sentiment. Key support levels are identified at Rs 6.26 and Rs 5.72, while resistance is seen at Rs 6.87 and Rs 7.62.

Suzlon Energy shares fell over 3% after Q1 profit rose 7% YoY to Rs 324 crore, missing estimates due to a Rs 134 crore deferred tax charge. Nuvama trimmed FY26/FY27 EPS estimates and cut its target price to Rs 67, while Motilal Oswal maintained a positive view with an Rs 80 target, citing improving execution and earnings.

Nikhil Ranka from Nuvama Asset Management suggests that the market has corrected, presenting an 8–9% upside from the Nifty s fair value. IT stocks appear to have limited downside, trading at levels seen during peak tariff uncertainty. The banking sector anticipates a soft Q2 due to NIM decline, but expects earnings to recover from Q3.

Karnataka Bank’s Q1 net profit fell 27% to ₹292.4 crore due to lower net interest income and higher provisions. Operating profit declined, while other income rose 28% but couldn’t offset core income fall.

The S&P 500 and Nasdaq reached record closing highs following news of expected July inflation figures, bolstering anticipation of a Federal Reserve interest rate cut next month. Encouraged by easing trade tensions and strong tech earnings, U.S. stocks rallied, attracting significant inflows.

Oil prices showed minimal movement on Wednesday, following a decline triggered by a U.S. crude stockpile increase, signaling the approaching end of peak summer demand. Brent crude saw a slight gain, while U.S. West Texas Intermediate futures dipped marginally. Increased production forecasts from OPEC and the EIA also weighed on prices, despite expectations of declining U.S. output in 2026.

Gold prices saw a slight increase due to a weaker dollar. This followed tame United States inflation data, increasing bets for a September interest rate cut. A trade truce between Washington and Beijing limited gold s gains. The United States and China extended their tariff truce for 90 days. Market focus is now on upcoming United States economic data releases.

Japan s Nikkei share average surged to an unprecedented high on Wednesday, surpassing 43,000 for the first time. The Nikkei index climbed as much as 1.2% in early trading, reaching a record 43,241.27. Simultaneously, the broader Topix index also achieved a new all-time peak, gaining up to 0.8% to reach 3,092.05, signaling robust market performance in Japan.

Investors have a final opportunity to buy shares of top Indian firms like Reliance Industries and Hindustan Petroleum today to qualify for dividends. REC and Bharat Electronics are also offering dividends. Several other companies including Action Construction Equipment and Astral are closing in on their record dates.