Latest Stock Market News

DBS Bank s Radhika Rao notes the Reserve Bank of India s revised inflation projection, anticipating a rise in CPI towards 4%. Despite expectations of potential rate cuts, the central bank s guidance remains balanced, signaling a higher bar for easing. The RBI observes past trends where low inflation is followed by a sharp increase, aligning with their outlook.

Feroze Azeez from Anand Rathi Wealth analyzes Indian market trends. He notes Nifty earnings growth is strong, despite global uncertainties. Domestic institutions are heavily investing in banks. Foreign institutional investors show mixed behavior. Index funds are adding money, while discretionary funds are pulling out. Sectoral churn is fast-paced and earnings-specific.

JSW Cement s upcoming IPO is generating significant buzz, with grey market premiums indicating strong investor confidence. The IPO, opening August 7, features a price band of Rs 139-147 per share. Proceeds will fund expansion and debt repayment, while existing shareholders will divest holdings. Despite a recent profit dip, long-term growth prospects fuel enthusiasm.

Sri Lotus Developers is set to list on the BSE and NSE on August 6, with a strong GMP indicating a listing price around Rs 177. The IPO, oversubscribed 74.10 times, saw significant interest from QIBs, NIIs, and retail investors. Proceeds will fund ongoing projects, and the company reported robust FY25 revenue and profit growth.

Takyon Networks is set to launch on the Bombay Stock Exchange SME platform on August 6. The initial public offering saw a good response. However, the grey market premium is zero. Shares are expected to debut around Rs 54. The IPO was subscribed 21.77 times overall. The company plans to use the funds for working capital and loan repayment.

Adani Ports net profit increased to Rs 3,314.59 crore. This rise is due to strong revenue growth. Revenue from operations also saw a jump. Logistics and marine businesses showed extraordinary momentum. Cargo volume reached 121 million metric tonnes. Motilal Oswal and Avendus have retained a Buy rating for Adani Ports. They project continued growth in cargo volumes, revenue, and EBITDA.

Indian companies are accelerating their IPO plans. They aim to attract global investors before August 12. This deadline relates to using March quarter financials in IPO filings. Liquidity and tariff concerns are driving this surge. Several companies have already raised significant capital. More IPOs are expected, potentially exceeding last year s record.

InCred Capital is adjusting its portfolio, adding E2E Networks for July. They are exiting UPL to secure profit. HDFC Bank and Axis Bank are preferred. Bank of Baroda is downgraded among PSUs. Largecaps like SBI and Canara Bank are favored. The market is expected to remain in a consolidation phase.

Bharti Airtel shares: Revenue from operations stood at Rs 49,463 crore, rising 28% YoY from Rs 38,506 crore, and also ahead of analyst expectations of Rs 48,880 crore.