Latest Stock Market News

Ola Electric shares surged following PLI certification for its Gen 3 scooter portfolio, covering seven models that form the bulk of sales. The certification makes the company eligible for incentives up to 18%, boosting margins, profitability, and prospects for sustainable growth from FY26.

The US administration’s move to impose tariffs on Indian goods from tomorrow (August 27) won t come as a major shock to the markets, according to market expert Sunil Subramaniam.

Vikran Engineering’s Rs 772 crore IPO saw strong demand, fully subscribed within hours of opening. Backed by marquee investors, the EPC firm earned mostly “Subscribe for long-term” ratings from leading brokerages, citing strong order book, growth visibility, and asset-light model.

Despite policy support, India’s markets face limited upside of 4% and a potential 11% downside, says Amish Shah. Valuations, earnings downgrades, and US tariff risks weigh in. Investors are advised to play volatility, rotate sectors, and focus on IT, utilities, and select consumer discretionary stocks.

Indian crypto platforms are witnessing a surge in futures trading, fueled by lower taxes, high leverage, and regulatory ambiguity. Zerodha’s Nithin Kamath highlighted their rapid rise, with futures volumes far surpassing spot deals across exchanges.

The Indian rupee weakened on Tuesday, hitting a three-week low of 87.80 against the dollar, after the U.S. confirmed a 25% tariff hike on Indian imports starting August 27. This action, a response to India s alleged support for Russia s military actions in Ukraine, dashed hopes for a compromise.

Indian government bonds faced increased losses, with benchmark yields hitting a five-month high due to a larger-than-planned state debt supply and tepid demand. The 10-year bond yield rose to 6.6112%. States are set to raise 341.5 billion rupees through bond sales, exceeding the scheduled 208.5 billion rupees.

Shreeji Shipping Global shares listed on the stock exchanges. The stock opened above its IPO price on both BSE and NSE. The IPO was heavily subscribed by various investor categories. The company plans to use the IPO proceeds for expansion and debt repayment. Shreeji Shipping Global specializes in dry-bulk cargo operations with a large fleet of vessels and equipment.

Vikram Solar shares: The stock rallied 9.2% on Tuesday, trading 12% above its IPO price as strong revenue outlook and robust order book revived investor interest after a muted debut.