Latest Stock Market News

Japan s Nikkei share average experienced a significant slump, hitting a three-week low due to a sell-off in chip-sector stocks, mirroring Friday s technology-led downturn on Wall Street. Advantest and SoftBank Group were major contributors to the decline. The downturn is attributed to portfolio rebalancing and disappointing expectations from Nvidia, which also faces competition from Alibaba s new chip.

Alibaba shares surged, lifting the Hang Seng index. Other Asian markets declined following Wall Street s retreat. Japan s Nikkei fell sharply, pressured by tech stocks. Jakarta faced unrest due to economic hardship. South Korean semiconductor exports hit a record. US stocks dipped ahead of the Labor Day weekend. Inflation data impacted expectations for Federal Reserve rate cuts.

China s property market faces ongoing challenges. Resale home prices declined in August. This happened despite new home prices seeing a slight increase. The market struggles with oversupply and weak consumer confidence. Authorities are expected to introduce more supportive policies. Earlier, Beijing and Shanghai eased purchase restrictions. The construction sector shows signs of weakness. The sector is facing liquidity issues.

Tata Capital is set to launch a Rs 17,200 crore IPO by late September, marking one of India s largest financial sector listings. While unlisted shares have dropped 20% amid a recent rights issue at Rs 343, analysts say IPO pricing will hinge on broader NBFC valuations, not recent transactions. Strong financials and Tata branding continue to drive investor interest despite market corrections.

The Chinese yuan is near a ten-month high against the dollar. The People s Bank of China is managing the yuan s appreciation. Analysts suggest this might be linked to U.S.-China trade talks. The yuan rose last month. The dollar s index remained flat after a fall in August. Hong Kong Interbank Offered Rate continues to rise. Market awaits U.S.

Mahanagar Telephone Nigam Ltd (MTNL) faces penalties from the NSE and BSE, totaling ₹13.46 lakh, for failing to meet SEBI s board composition norms. The non-compliance includes the absence of a woman director and issues with audit, nomination, remuneration, stakeholder relationship, and risk management committees.

CG Power shares: Morgan Stanley initiated coverage on multibagger CG Power with an ‘Overweight’ rating and a ₹799 target, calling it a proxy for India’s manufacturing growth. Shares rose 4% after the call, with the brokerage citing strong positioning in motors, power systems.

The Indian rupee weakened against the US dollar on Monday. It fell to 88.26 due to foreign fund outflows. This decline happened despite positive domestic economic data. The Reserve Bank of India s intervention to protect the rupee led to a drop in forex reserves. Sensex and Nifty indices saw gains in early trading.