Latest Stock Market News

Peter Cardillo from Spartan Capital Securities suggests investing in gold. He anticipates a challenging period for stocks but expects gold to rally. He notes the dollar s weakness and potential for further decline. This could lead to imported inflation. Cardillo highlights concerns about the US tax bill s impact on deficits.

Shares of Premier Energies and Waaree Energies declined following a selloff in US clean energy stocks. This was triggered by the US House passing a tax bill that rolls back clean energy subsidies from the Inflation Reduction Act. The bill s passage has dampened sentiment for Indian solar exporters like Waaree and Premier Energies, potentially impacting global demand and order flows.

Major U.S. banks are in early talks to launch a joint stablecoin, aiming to boost digital transaction efficiency and trust across the financial sector.

Belrise Industries IPO continues to attract strong investor interest, with robust participation seen across investor categories. The company’s grey market premium has also shown positive momentum, reflecting upbeat market sentiment. Backed by a solid financial track record, established client base, and strategic focus on EV-agnostic components, analysts remain optimistic about the company’s growth prospects and long-term value creation potential.

According to Sandip Sabharwal, the proposed US remittance tax is the primary concern for Indians, potentially affecting remittance flows and increasing costs for the Indian diaspora. He believes bond yields are not a major issue for India unless a default crisis arises, noting divergent trends globally.

Kanodia Cement, a cement manufacturer, has submitted papers to Sebi for an IPO. The IPO involves an offer for sale of 1.49 crore shares. Promoters and an individual shareholder will be selling their stake. The company will not receive any funds. Kanodia Cement operates in Uttar Pradesh and Bihar. They specialize in blended cement.

Jane Street Group made over $2.3 billion from equity derivatives in India last year. This surge highlights India s importance to the firm. The Securities and Exchange Board of India is investigating Jane Street s derivatives trades. Other firms like Citadel Securities have also expanded in India. Options trading has cooled after rapid growth. SEBI imposed restrictions to protect retail traders.

Spot and futures trading offer distinct avenues for crypto investment, catering to varied risk appetites and goals. Spot trading provides direct asset ownership, appealing to long-term investors seeking stability. Futures trading, with leverage, suits active traders aiming to capitalize on short-term market fluctuations, demanding expertise and risk management.

Sandip Sabharwal suggests monitoring upcoming quarters due to potentially high valuations amid compromised growth prospects. He favors Bharat Electronics in the defense sector and VA Tech Wabag for its competitive advantage and strong financials. Sabharwal anticipates a market rally followed by a correction, highlighting potential in large-cap companies like M&M, L&T, Reliance, and Bharti.