Latest Stock Market News

Bitcoin neared its all-time high, reaching $122,000 on Monday, just shy of the $123,091 peak from July 2025. Ethereum also surged, hitting levels unseen since 2021. Market optimism is fueled by potential Federal Reserve rate cuts and strong on-chain activity.

Gold futures at MCX have surged in August but experienced a slight dip, trading at Rs 1,01,052 per 10 grams. Silver also saw profit booking, settling at Rs 1,14,491 per kg. Prices initially fell due to news of a Trump-Putin meeting, impacting safe-haven demand.

Market sentiment is currently weak, with a key level to watch at 24,250, as a break below could trigger panic selling. Certain sectors like textiles and gems & jewellery will be significantly affected by tariffs. While PSU banks are expected to perform well due to anticipated credit growth, caution is advised for NBFCs in the retail loan segment.

Nilesh Shah of Kotak AMC highlights India s large trade deficit. He suggests using it to negotiate better export terms. Focus should be on strengthening the domestic economy through tax reforms and ease of business. Self-reliance in technology is also crucial. The government is working on solutions. Future earnings will drive stock performance. Some sectors are expected to outperform others.

Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance ahead of a Russia-U.S. summit this week, where Kyiv fears Russian President Vladimir Putin and U.S. President Donald Trump may try to dictate terms for ending the 3-1/2-year war.

CHINA-STOCKS/China, Hong Kong stocks edge higher ahead of tariff deadline

Nifty is attempting a bounce back after breaking the 24,500 support level, now trading in a 24,300-24,500 range. Rajesh Bhosale of Angel One suggests focusing on stock-specific action, highlighting PSU banks strength. He recommends buying Indian Bank around 662, targeting 690, and Tech Mahindra around current levels, targeting 1580, citing bullish patterns.

Nilesh Shah of Kotak AMC emphasizes focusing on resilient companies with reasonable valuations amidst global uncertainties. He highlights India s strong IPO pipeline driven by entrepreneurs from smaller towns, mirroring the evolution of the Indian cricket team. Kotak Mutual Fund favors domestic consumer discretionary sectors, anticipating growth from tax cuts and potential GST rationalization, prioritizing bottom-up stock ideas.

The stellar jump in the company s net profit was on account of a significant drop in its quarterly expenses.