Latest Stock Market News

U.S. stocks closed higher on Wednesday, propelled by Apple s domestic manufacturing pledge and strong earnings reports from companies like McDonald s and Arista Networks. Investors are optimistic about the near term, with approximately 80% of S&P 500 companies exceeding earnings expectations.

The dollar weakened amid growing expectations of Federal Reserve rate cuts and concerns about political influence on U.S. institutions. Disappointing jobs data fueled speculation of a September rate cut, while the euro gained support from potential progress in Russia-Ukraine war talks. President Trump s nominations for Fed positions are also under scrutiny as traders anticipate further rate cuts this year.

Gold prices saw a slight increase due to a weaker dollar, fueled by growing expectations of a Federal Reserve rate cut in the coming month. Investors are closely watching President Trump s upcoming nominations to the Fed s Board of Governors. Meanwhile, Trump imposed additional tariffs on goods from India, citing the country s import of Russian oil.

Oil prices experienced a slight rebound on Thursday, halting a five-day decline, fueled by indications of consistent demand in the U.S. market. However, potential U.S.-Russia talks regarding the Ukraine conflict have tempered concerns about supply disruptions. Despite a larger-than-expected drop in U.S. crude inventories, market caution persists due to uncertainties surrounding the U.S.

All Time Plastics garnered Rs 120 crore from anchor investors, including Ashoka India Equity Investment Trust PLC and Canara Robeco MF, ahead of its IPO. The IPO, opening August 7 with a price band of Rs 260-275, comprises a fresh issue and offer-for-sale, totaling Rs 401 crore. The company will use the funds for expansion and debt payment.

Yugen Infra, a Gurugram-based realty firm, has partnered with former South African cricketer Gary Kirsten to develop a 10-acre cricket-themed villa project near Goa. Kirsten will also help develop sports facilities, including cricket and chess, at an international school. The total investment for the villa project and school is estimated at Rs 180 crore.

Connplex Cinemas launches its Rs 90.27 crore IPO today, featuring a fresh offer of 51 lakh equity shares priced between Rs 168 and Rs 177. The IPO, closing on August 11 and listing on NSE SME August 14, aims to fund expansion and working capital.

Cash Ur Drive Marketing is set to debut on the NSE SME platform on August 7, anticipating a strong listing day. The IPO, subscribed 81.94 times overall, commands a grey market premium of 26%.

Renol Polychem will launch on the NSE SME platform this Thursday. The IPO was subscribed 6.83 times. The IPO price is Rs 105 per share. The company aims to raise Rs 25.77 crore through this IPO. Renol Polychem manufactures colour masterbatches and plastic pigments. The IPO proceeds will fund machinery purchases and working capital.

Reserve Bank of India Governor Sanjay Malhotra refuted Donald Trump s remarks on India s economy. He highlighted India s significant contribution to global growth. Malhotra stated India s growth rate is robust, around 6.5%. He mentioned India contributes 18% to global GDP growth, surpassing the U.S. The RBI aims for even higher growth, building on past achievements. The RBI maintains its 6.