Latest Stock Market News

Oil prices declined in early Asian trading due to increased U.S. tariffs, OPEC output hikes, and hopes for a U.S.-Russia Ukraine ceasefire agreement. Brent crude fell to $66.07 a barrel, while WTI dropped to $63.30. Expectations of eased sanctions on Russian oil rose after Trump announced a meeting with Putin. U.S.

The fixed-price Essex Marine IPO, open from August 4 to 6, offered a fresh issue of 42.62 lakh shares. It was subscribed 2.91 times overall, led by strong retail demand at 4.95 times, while NIIs subscribed 0.87 times. No anchor or QIB bids were received.

The US dollar saw stability after losses. Markets are awaiting the US CPI report. Trade talks between the US and China are a key focus. A deadline looms for higher tariffs. Discussions involve chip policy. Nvidia and AMD may allocate revenue from China sales to the US government. Australia s central bank is expected to cut interest rates.

BlueStone Jewellery and Lifestyle is set to launch its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.

Jyoti Global Plast’s IPO, open for subscription from August 4 to August 6, garnered 8.45 times overall bids. Demand was driven by the non-institutional investor (NII) segment at 14.70 times, followed by retail investors at 9.54 times and qualified institutional buyers (QIBs) at 1.86 times.

Bhadora Industries, an industrial cable manufacturer, is set to list on the NSE SME platform on Monday with a muted market sentiment, as indicated by a grey market premium of zero. The IPO, comprising 54 lakh equity shares, saw a subscription of 0.96 times.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data, crucial for gauging the Federal Reserve s interest rate strategy. Spot gold decreased by 0.7% to $3,373.37 per ounce.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

InCred Asset s Aditya Sood anticipates a festival season boost amidst tariff concerns and FII selling. He expects a rural consumption rebound driven by rising gold prices and balance sheet improvements. Sood is optimistic about low unit consumption categories and foresees a 1% GDP boost from the upcoming Pay Commission, benefiting consumer sectors.