Latest Stock Market News

Indian benchmark indices Sensex and Nifty commenced trading on a positive note, reflecting the upward trend in Asian markets. This surge follows encouraging U.S. retail inflation data, fueling anticipation of a Federal Reserve rate cut in September. Easing domestic price pressures further bolstered investor confidence, contributing to the optimistic market sentiment.

The US Department of Commerce has launched antidumping and subsidy probes into solar cells from India, Indonesia, and Laos, citing a 123% dumping margin on Indian exports. Preliminary findings are due September 2.

The June quarter earnings season disappointed investors, with many companies reporting simultaneous declines in sales and profit. Despite some sectors like cement and healthcare showing strength, large sectors including IT, financials, and auto experienced weak earnings growth. Experts remain cautiously optimistic, anticipating a recovery in the second half of FY26, driven by factors like rate cuts and a favorable monsoon.

ONGC shares: ONGC posted an 18.2% YoY rise in Q1FY26 consolidated net profit to ₹11,554.21 crore, even as revenue fell 3.2% to ₹1,63,108 crore. Standalone profit dropped 10.2% YoY to ₹8,024 crore but grew 24% QoQ, while standalone revenue slid 9.3% YoY to ₹32,003 crore. EBITDA declined 2% YoY to ₹18,657 crore.

Vodafone Idea shares face scrutiny ahead of Q1 earnings, with analysts warning of potential downside due to a weak technical structure and bearish sentiment. Key support levels are identified at Rs 6.26 and Rs 5.72, while resistance is seen at Rs 6.87 and Rs 7.62.

Suzlon Energy shares fell over 3% after Q1 profit rose 7% YoY to Rs 324 crore, missing estimates due to a Rs 134 crore deferred tax charge. Nuvama trimmed FY26/FY27 EPS estimates and cut its target price to Rs 67, while Motilal Oswal maintained a positive view with an Rs 80 target, citing improving execution and earnings.

Nikhil Ranka from Nuvama Asset Management suggests that the market has corrected, presenting an 8–9% upside from the Nifty s fair value. IT stocks appear to have limited downside, trading at levels seen during peak tariff uncertainty. The banking sector anticipates a soft Q2 due to NIM decline, but expects earnings to recover from Q3.

Karnataka Bank’s Q1 net profit fell 27% to ₹292.4 crore due to lower net interest income and higher provisions. Operating profit declined, while other income rose 28% but couldn’t offset core income fall.

The S&P 500 and Nasdaq reached record closing highs following news of expected July inflation figures, bolstering anticipation of a Federal Reserve interest rate cut next month. Encouraged by easing trade tensions and strong tech earnings, U.S. stocks rallied, attracting significant inflows.