Latest Stock Market News

Markets faced pressure, slipping below key support levels, impacting recovery. BNP Paribas became a net buyer of Eternal shares worth ₹3,220 crore. J&K Bank appointed S Krishnan as non-executive chairman. Airtel announced support for users in regions disrupted by extreme weather. Tata Steel acquired shares in its Singapore subsidiary, while Zaggle Prepaid partnered with Standard Chartered Bank.

US equity futures and Nvidia shares declined after a disappointing sales forecast. This raised concerns about the AI spending boom. Hong Kong and Chinese stocks also weakened. Meituan warned of losses due to competition with Alibaba. Mexico plans to increase tariffs on China. Indian markets will be watched as new tariffs on Indian goods take effect.

The S&P 500 achieved a record high close ahead of Nvidia s quarterly results, a key event testing the AI rally s valuation. While Nvidia s stock dipped slightly, its significant S&P 500 weighting makes its financial performance crucial. Investors are also monitoring potential interest rate cuts and political developments, including Trump s attempt to replace a Federal Reserve Governor.

The dollar weakened as traders increased bets on a Federal Reserve rate cut next month, influenced by dovish signals from New York Fed chief John Williams and President Trump s pressure on monetary policy. Concerns over France s political stability had little impact, while a canceled trade negotiation trip from Japan added to market uncertainty.

Oil prices declined as investors considered U.S. fuel demand near the end of summer and potential crude supply shifts due to U.S. tariffs on Indian imports of Russian oil. Despite a drop in U.S. crude inventories, concerns about lower seasonal demand and technical resistance levels weighed on prices.

AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company s stalled business in China. - Fortune in play - The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant s fortunes.

The ex-date is crucial for investors since only those holding shares before the ex-date are eligible for the bonus allotment. Transactions made today, August 28, will reflect in the shareholders’ demat accounts before the ex-date, thus qualifying them for the entitlement.

Anondita Medicare s Rs 69.5 crore IPO allotment is expected to be finalized today, with strong grey market premium signals indicating healthy listing gains. The IPO, subscribed over 300 times, saw significant interest across retail, non-institutional, and QIB categories. Refunds and demat account credits are scheduled for August 29, ahead of the NSE SME listing.

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.

Gold prices showed stability. Market observers are keenly waiting for the release of U.S. economic figures this week. This data will provide insights into the Federal Reserve s future actions on interest rates. The Personal Consumption Expenditures Price Index data is expected soon. Investors are also watching comments from Fed officials. Dollar s weakness supported gold.