Latest Stock Market News

Following the stake sale, shares of One97 Communications fell 1.45% to ₹1,062 apiece on NSE, while the scrip of the company went lower by 1.23% to ₹1,065 on BSE.

Welspun Corp s shares dipped after US tariffs despite the company s localized US production, which MD Vipul Mathur believes will benefit them. Fueled by a strong order book and global expansion, the company s stock has seen significant gains over the past year. Welspun is expanding in Saudi Arabia and India, projecting substantial revenue and operating profit growth by FY26.

Asian stocks displayed mixed performance following weak US services data, creating uncertainty about the Federal Reserve s policy. Investors are anxious about the Fed s next move, as economic data complicates balancing inflation control and sustaining growth. Chinese markets will be in focus amid trade deal hopes.

Markets experienced a downturn, reversing Monday s gains. Several companies, including Bajaj Auto, Trent, Divi s, and Hero MotoCorp, are set to announce their Q1 results. Britannia reported a 3% increase in consolidated net profit, while Bharti Airtel saw a substantial 43% rise. Societe Generale acquired a significant stake in Paytm as Ant Group exited.

U.S. stocks closed lower as investors assessed the impact of tariffs, with Yum Brands and others citing trade duties in their results. The U.S. trade deficit narrowed, but a services sector activity measure showed rising costs due to import taxes. While earnings reports are mostly beating expectations, concerns about future tariff impacts and slowing travel demand linger, influencing market sentiment.

Gold prices increased for the fifth day. This rise is due to possible lower interest rates in the United States. Investors are awaiting President Trump s decision on Federal Reserve appointments. Trump plans to announce a replacement for Adriana Kugler and his pick for the next Fed chair. Trade tensions between the U.S. and India are also present.

Oil prices rebounded on Wednesday following a five-week low, spurred by concerns over potential supply disruptions due to U.S. President Trump s tariff threats against India for its Russian crude purchases. OPEC+ s planned output hike in September had initially triggered oversupply worries, but the focus shifted to India s response to U.S. pressure and its impact on global oil flows. U.S.

The dollar remained rangebound as investors awaited President Trump s Federal Reserve Board nominee. U.S. services sector activity flatlined in July, highlighting the impact of tariffs. Despite this, the dollar s movements were muted, with traders hesitant to take positions before the Fed announcement.