Latest Stock Market News

The initial public offer of BlueStone Jewellery and Lifestyle Ltd, which offers contemporary jewellery under its flagship brand BlueStone , got subscribed 39 per cent on the first day of subscription on Monday.

Supermarket chain Patel Retail Ltd on Monday fixed a price band of Rs 237 to Rs 255 per share for its upcoming Rs 243-crore initial public offering (IPO).

Citigroup raised its year-end S&P 500 index target to 6,600 from 6,300, betting on corporate earnings strength fueled by benefits from President Donald Trump s tax and spending bill, it said in a note on Friday.

BSE Limited has tightened the eligibility criteria for SME companies seeking to migrate to the mainboard. The exchange now requires a higher operating profitability of Rs 15 crores for the last three financial years, with a minimum of Rs 10 crores each year. Additionally, the minimum number of public shareholders has been increased to 1,000.

Indian public sector banks are aggressively expanding their retail loan portfolios. They are growing faster than private sector banks in this segment. State Bank of India, Bank of Baroda and Punjab National Bank are leading this growth. Private banks are becoming cautious due to rising defaults in unsecured loans.

Carry trade gains traction as investors eye emerging markets. Expectations of Federal Reserve rate cuts weaken the dollar. Money managers are investing in currencies of Brazil, South Africa, and Egypt. A weaker dollar and easing volatility create favorable conditions. The trade paused in July but is now reviving. Dismal US jobs data fuels bets on lower borrowing costs.

Ashmore Group reduces its investment in India due to high valuations. Uncertainty surrounds Donald Trump s tariffs on Indian imports. Foreign investors show less interest in India for six to nine months. This is due to relative value compared to other emerging markets. India s derating is already happening in relative terms.

Bajaj Allianz Life Insurance has invested in JM Financial Home Loans. The insurer acquired approximately 2.1% stake. They purchased shares from JM Financial Credit Solutions. The deal is valued at ₹65.5 crore. Post-transaction, JM Financial s stake in the home loan arm will reduce. The agreement was finalized in August.

The Nifty has been experiencing losses for six weeks due to US tariffs and muted earnings. Experts predict this weakness will continue in the short term. Selling pressure may persist until a breakout around 24,600-24,800. Support lies at 24,000. Investors should consider private banking, auto, and hotel stocks on dips. Reliance, L&T, and HDFC Bank are also favored.

June quarter results show mixed performance across sectors. Automobiles, banking, and IT faced demand challenges. Cement, metals, and pharma saw gains. Mahindra and Mahindra excelled in automobiles. Public sector banks maintained asset quality. Ultratech reduced production costs. Infosys and HCL Technologies revised revenue guidance. Reliance Industries reported strong operating profit. Sector performance varied due to diverse economic factors.