Latest Stock Market News

JSW Cement s IPO saw a subscription of 1.22 times, with modest grey market premium indicating cautious optimism. The IPO comprises a fresh issue and an offer for sale, aiming to fund expansion and reduce debt. While revenue increased, net profit declined, but analysts recommend subscribing for long-term growth and sustainability.

HBL Engineering a 79% year-on-year profit rise to Rs 143 crore in Q1, driven by higher revenues and improved cost management. During its August 9 meeting, the board approved the reappointment of Dr. Aluru Jagadish Prasad as Chairman and Managing Director for a five-year term beginning October 1, 2025, pending shareholder approval.

Gold prices experienced a sharp decline, influenced by global market trends. Traders are securing profits before the anticipated meeting between Donald Trump and Vladimir Putin. A potential resolution to the Russia-Ukraine conflict could further impact gold s safe-haven appeal. Technical indicators suggest a bullish outlook, with recommendations to buy on dips. Rupee weakness may offer support to domestic gold prices.

Shreeji Shipping Global Ltd, specializing in dry bulk cargo solutions, has announced its IPO with a price band of Rs 240-252 per share, aiming to raise Rs 411 crore. The IPO opens from August 19-21, with anchor investor bidding on August 18. Proceeds will fund dry bulk carrier acquisitions and debt repayment.

Jefferies has cautioned that Tata Motors share price might fall to Rs 550, citing significant YoY declines in Q1 EBITDA and pre-ex PBT, falling below estimates. The brokerage anticipates an EPS decline in FY26, followed by modest growth. Challenges across businesses, including JLR pressures and weak CV demand in India, contribute to the negative outlook.

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.