Latest Stock Market News

NSE marked history with its first Tuesday expiry, but markets slipped amid weak global cues and profit booking. FMCG stocks gained ahead of the GST council meet, while auto heavyweights like M&M, Maruti, and Tata Motors fell.

The Nifty crossed the 24,700 mark in early trade, but the Bank Nifty lagged, managing to stay just about in the green. Market experts, however, remain confident that the banking index will soon join the rally.

The Indian rupee ended marginally higher on Tuesday, but came off the day s high, as importer demand for the greenback wiped out recovery witnessed earlier in the session.

Shares of Tata Motors, M&M, and Hyundai fell as reports suggested the GoM may raise GST on luxury EVs ahead of the September 3–4 Council meeting. Higher levies on EVs above Rs 20 lakh could affect sales and demand, particularly for high-end models from Tesla, Mercedes, and BMW.

NCDEX raised Rs 770 crore from star investors like Radhakishan Damani, Madhusudhan Kela, Sunil Singhania, Groww, and Zerodha after Sebi’s nod for equities. It plans to launch equity trading in 2026, competing with NSE and BSE.

India’s record IPO boom in FY25 not only raised Rs 1.5 lakh crore but also delivered bumper fees for law firms, with Swiggy’s Rs 11,327 crore IPO paying the highest legal payout of Rs 20.7 crore.

Indian markets turned volatile as Sensex fell 207 points and Nifty slipped 45. Sugar stocks rallied on ethanol policy relief, MobiKwik surged 20% post ADIA exit, Phoenix Mills gained on brokerage upgrade, while auto and tobacco stocks dragged.

Despite Sensex slipping 206 points to 80,158, eight BSE 500 stocks—HBL Engineering, UNO Minda, Star Cement, TVS Motor, Eicher Motors, Maharashtra Scooters, MRF, and Bosch—hit fresh 52-week highs, signaling bullish momentum and investor confidence.

Zerodha has captured 5% market share in the margin trading facility (MTF) segment since launching in December 2024. CEO Nithin Kamath noted that all traders’ net P&L under MTF remains positive, highlighting its rapid adoption and growth.

Copper prices on MCX rose 0.6% to Rs 902.85 despite global weakness, supported by rupee depreciation. Analysts see bullish short-term momentum above Rs 900, with potential upside towards Rs 927, though weak indicators suggest caution in sustainability.