Latest Stock Market News

Oil prices experienced an increase due to growing concerns about potential supply disruptions stemming from the escalating conflict between Russia and Ukraine. Ukrainian drone attacks have significantly impacted Russia s oil processing capacity, leading to heightened anxieties. Geopolitical tensions are further amplified by China s pursuit of a new global order, challenging the U.S.

Gold prices surged to a four-month peak, nearing April s record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. The expectation of a rate cut is driven by traders pricing in a high probability of a 25-basis-points reduction by the Federal Reserve. Investors are now awaiting U.S.

Kolkata s NIS Management, a security and facility management firm, is set to debut on the BSE SME platform. The IPO, priced at ₹105-111, saw moderate subscription, led by non-institutional investors. The company plans to use the ₹60.01 crore raised for working capital and general purposes. Despite full subscription, grey market activity is nil, suggesting a debut around the issue price.

Optivalue Tek Consulting will launch its IPO on Tuesday. The IPO aims to raise Rs 51.82 crore. The price band is set at Rs 80-84 per share. Investors can subscribe for a minimum of 3,200 shares. The company plans to use the funds for product development and expansion.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Investors eyeing dividend payouts should note today is the last day to buy shares of Patanjali Foods and Prestige Estates Projects to qualify for final dividends. Patanjali Foods announced a 100% dividend (Rs 2/share), while Prestige Estates declared 18% (Rs 1.8/share). Other companies with September 3rd as the record date include Concord Biotech (1070%), V.S.T.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Hero MotoCorp share price: The automaker reported an 8% YoY rise in August sales to 5.54 lakh units. Motorcycles and scooters both saw growth, while exports surged 72%. The company also highlighted steady electric sales and festive season optimism.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market."